Review Vacancy
AgencyDASNY - Dormitory Authority of the State of New York
Occupational CategoryOther Professional Careers
Salary RangeFrom $86386 to $108403 Annually
Minimum Qualifications Minimum Qualifications
Bachelor’s degree in Accounting plus two years’ as a Senior Account II, Financial Management – Debt or a bachelor’s degree in Accounting plus five years’ relevant professional accounting experience. Demonstrated ability interpreting legal documents.
Preferred Qualifications
Bachelor’s or Master’s degree in Accounting, plus two years’ as a Senior Account II, Financial Management – Debt or a bachelor’s degree in Accounting plus five years’ relevant professional accounting experience including application of generally accepted accounting principles and experience with financial statement preparation, financial systems, debt systems, and extensive knowledge of municipal bond issuance and administration. Three years’ supervisory experience. CPA license.
Essential Skills
• Demonstrated ability to work independently and exercise sound judgment.
• Advanced knowledge of generally accepted accounting principles, including ability to determine applicability of FASB/GASB pronouncements and apply accordingly.
• Demonstrated ability to research bond related questions through review of bond documents.
• Excellent oral and written communications skills.
• Excellent mathematical skills.
• Demonstrated analytical and conceptual skills.
• Demonstrated accuracy and attention to detail.
• Demonstrated organizational skills and ability to prioritize.
• Strong interpersonal skills.
Duties Description Primary Purpose
The Senior Financial Analyst participates in the financing process through the review of bond documents, cashflows and closing documents, and/or supervises and oversees the preparation of all debt financial statement footnotes, accruals, supplemental schedules and any other debt audit requirements, and supervises debt reporting and numerous bond management activities through the life of the bonds.
Essential Functions
• Participate in the financing process by reviewing bond documents, cashflows, and closing documents; coordinating the selection and appointment of the trustee; coordinating the investment of bond proceeds; preparing or reviewing the necessary letters, requisitions and other documentation to direct the deposit and disbursement of bond proceeds; and preparing internal documentation to facilitate ongoing bond management, accounting, investing and disbursement activities.
• Serve as Authorized Officer/Assistant Treasurer in connection with various bond issuance and bond management activities as assigned.
• Review and approve journal entries, review cash receipts, receivables, financial statements, debt amortization schedules, swap activity and other financial data.
• Review updates to the quarterly outstanding debt tracking schedule for bond maturities, bond defeasances and redemptions, bond issuances and the associated footnotes.
• Oversee and manage updates to the debt system and provide overview of the reconciliation of the debt tracking schedule to the debt and accounting systems.
• Oversee and manage the posting of the outstanding debt tracking schedule to the Intranet/Internet.
• Oversee, manage and review the resolution to correct financial discrepancies between records, reports and systems.
• Oversee and manage the collection of aged receivables.
• Coordinate with the appropriate parties to resolve any issues with the debt tracking system or when new debt instruments are identified that requires additional system resources.
• Oversee and manage the testing of upgrades to the debt tracking system and disaster recovery testing.
• Perform detailed analysis of financial data and review complex financial calculations.
• Develop and/or review financial schedules and reports including various debt reports required by external parties and/or management.
• Review reports created using JDEdwards, SunGard, Munease, BMS or other system applications.
• Assist in the development and maintenance of systems applications including the debt management system and various other system applications used to support ongoing bond management functions.
• Oversee and manage the preparation of and review debt service billings/rentals, warrants, certifications, annual estimates and invoices for various fees.
• Review correspondence to the trustee advising of the delivery of debt service payments and associated investment instructions.
• Oversee the timely receipt of debt service payments and fees.
• Develop and review schedules with debt related data (construction fund balances, debt by program, etc.) for reporting to management or external parties.
• Oversee and manage the administration of public programs (preparation and review of schedules and reports, recording and tracking patient income, etc.).
• Update or review arbitrage rebate calculation schedules to determine IRS liability.
• Review IRS notification forms.
• Review or supervise the reconciliation of defeasance fees deposited into the private institution general operating fund.
• Oversee the printing of checks.
• Review the check deposits.
• Oversee and manage the administration of the bond transcript library.
• Review and approve vouchers in the State Financial System for debt service, fees and State advances.
• Manage relationships and resolve conflicts with clients, trustees and employees.
• Assist with the quarterly and annual bond issue financial statement second reviews.
• Review annual information/reports for the Public Authorities Accountability Act Report and the Office of the State Comptroller’s Public Authority Reporting Information System.
• Review debt reporting provided in response to client audits.
• Review all aspects of the DASNY annual audit relevant to debt reporting.
• Assist in the development of requests for proposals and selection process for consulting services.
Other Duties and Responsibilities
• May supervise, train and evaluate employees.
• Assist Management in the development of policies
• Develop, document and implement procedures.
• Assess, develop and implement internal controls, and oversee the review and testing of same.
• Assist other units during peak workload periods or for long-term assignments as needed.
• Undertake special assignments as directed.
• Maintain regular, consistent attendance and punctuality in accordance with DASNY policy.
• Must adhere to the NYS Information Security Policy Standards established and issued by the Office of Cyber Security and Critical Infrastructure Coordination. (Standards can be found on the Intranet).
Additional Comments Supervision
Supervision of employees may be required.
Physical/Mental/Visual Demands
Periodic travel may be required using public transportation, DASNY vehicle, rental vehicle or personal vehicle. This travel may include overnight stays at public accommodations and related establishments. Must be able to work overtime or extended work hours as needed.
Work Environment
Standard office environment including the use of one or more of the following: PC, telephone, fax machine, printer, copier, scanner, electronic stapler, three-hole punch, date stamp, shredder.
DASNY is an Equal Employment Opportunity employer committed to excellence and diversity.
All qualified candidates are encouraged to apply.
Some positions may require additional credentials or a background check to verify your identity.