Position Summary: Under the general direction of the Senior Finance Officer collects, review, analyzes and reports upon data an information used in the overall management of financial performance and compliance.
Reports to: SENIOR FINANCE OFFICER AND CFO
OVERVIEW
The Senior Financial Analyst is a corporate finance position with responsibility in areas encompassing FP&A, capital market operations, treasury management, risk, and compliance. Duties involves creating detailed and complex projections through independent judgement and decision-making and by utilizing sophisticated and specialized mid-range computer systems and microcomputer system- based software applications, involvement with the issuances of structured financial instruments, ongoing assessment of liquidity and capital needs, portfolio management, and satisfying regulatory and agreed upon compliance terms. Intra-departmental coordination is often required in the performance of assigned duties as well as contact with varied members of the financial community both statewide and nationally. The incumbent is expected to perform advanced financial analysis, planning activities independently, considerable judgement in interpreting financial data and concepts, and can effectively summarize and communicate financial related information to internal and external parties.
SUPERVISION RECEIVED AND EXERCISED: Exempt, non-supervisory position.
EXAMPLES OF DUTIES
Applies knowledge of analysis, compilation, information processing, financial modeling, and computer applications to operational areas within the Corporation.
Maintains a variety of information related to programs of the Corporation and economic factors influenced by or affecting such programs. Formats information in a manner easily comprehended and evaluated.
Summarizes and verifies the accuracy of certain financial management reports. Develops, maintains and prepares periodic reports to senior management regarding interest rate levels within various capital markets of interest to the Corporation.
Maintains and verifies the accuracy of certain financial management reports including the monthly Mortgage and Bond Disclosure Report.
Maintains the master interest rate setting system for all of AHFC's lending programs and calculates daily interest rate schedules for distribution to staff and mortgage lending partners. Tracks benchmark interest rates used in the calculation of certain interest rates and cost of funds.
Prepares various summaries of significant terms of bond obligations and other financial agreements. Reviews provisions of the various general and supplemental bond resolutions, note agreements, bond insurance, standby bond purchase agreements, letter of credit agreements and various other financial agreements for compliance with expressed covenants.
Prepares cash flow and bond coverage calculations with the assistance of and under the supervision of the Senior Finance Officer as necessary to fund the acquisition of mortgages from the proceeds of debt issuance.
Selects the mortgage loans for pledging as collateral and assures timely funding of mortgages into trust in exchange for the disbursement of proceeds of bonds and notes.
Reviews and evaluates certain aspects of proposed financings for AHFC. Such analyses range from the review and familiarity of the assets for collateral or debt service support, the structured finance aspects of the debt itself, to preparing for the ongoing compliance required with respect to both tax law and the covenants of the Corporation to third party credit enhancement.
Determines, with the appropriate bond trustee, the amount of excess funds available for special mandatory redemptions and performs redemption analysis.
Calculates mortgage loan pool prepayment speeds by bond issue to assist Finance staff and underwriters in structuring Corporation debt issues and assisting potential investors and creditors in investment decisions.
Manages several programs that recycle prepayments of mortgage loans and prepares cash flow analysis as required by outstanding trust agreements for such recycling programs as allowed under the respective agreements.
Calculates feasibility of AHFC to execute open-market purchases of its own bonds for retirement as market conditions and Bond Indenture requirements permit.
Manages a significant portfolio of trusted funds as a separate investment activity and source of funds for the acquisition of loans. Calculates, coordinates, and reconciles with trustee on debt service payments and balance sufficiency.
Manages and reconciles daily holdings and projected cash needs. Determines viability of investment options and conducts monthly analysis of invested holdings to track performance and verify compliance with investment policies.
Manages the issuance of short term-debt obligations including commercial paper and reverse repurchase agreements in the course of managing liquidity and other needs.
Overviews the preparation and maintenance of the Corporation's trust and indenture requirements as a means for assuring that fiscal compliance matters are adhered to in a timely manner.
Reviews financial agreements for items requiring certification or analysis. Assembles the information necessary for the required analysis and prepares appropriate projections and computations. Drafts certificates to be filed pursuant to the terms of the financial agreements.
Tracks arbitrage and yield restriction aspects of certain tax-exempt transactions and performs the necessary calculations under the direction and supervision of the Senior Finance Officer. Required to review and interpret IRS Rules and Regulations with the assistance of tax counsel.
Coordinates and verifies the collateral held by third party custodians on behalf of AHFC bank deposits and investments.
Creates and updates a number of bond and mortgage loan related reports for distribution to investors, dealers, and financial analysts and assists in the preparation of the footnotes to the Corporation's Financial Statements.
Responds to inquiries from bond and note dealers, investors, rating agencies, and providers of credit enhancement regarding the status of outstanding debt obligations of the Corporation as well as the underlying collateral.
Expected to cross-train with other staff to achieve an overlap of familiarity among responsibilities for operational continuity and job advancement.
Performs other duties as required.
KNOWLEDGE, SKILLS AND ABILITIES
Knowledge of: Finance; economics; accounting; financial instruments; municipal finance; real estate and mortgage lending. The principles, methods and practical application of financial analysis techniques and applications, economic theory, cash management, investment management and general banking principles, Federal Internal Revenue Code requirements related to tax-exempt funded mortgage loan programs; secondary mortgage market practices and procedures; data collection and evaluation, statistical analysis, techniques of research and reporting, and financial modeling and programs.
Skills and Abilities: Capabilities and operations of micro-computing and mid-range computing systems; creating personal computer-based models and applying them to complex financial analyses; using a wide variety of personal computer-based software.
Ability to: Review complex financial agreements; work with other staff members and state and industry groups in the compilation of financial, economic and program information; present financial and program information in a comprehensible format; learn and apply a variety of forecasting requirements and techniques; function both independently and with other analysts, or staff members at all levels; work with bond, tax and underwriters counsel and financial advisors on debt issuance matters; construct and review complex financial spreadsheets; work on multiple projects requiring a high degree of accuracy subject to strict deadlines; plan and organize projects as well as the ability to see them through to completion. Communicate clearly and interact with a wide variety of personnel at all levels. Ability to independently analyze financial data, identifies trends and risks, and develops actionable recommendation to support organizational decision-making.
MINIMUM QUALIFICATIONS:
Bachelor’s degree from college with major course emphasis in business administration, finance, accounting, computer science or closely related field and four years of professional experience in the collection, analysis, interpretation and reporting of financial, economic, scientific, or social science data or accounting, banking, or related field. Advanced degree and/or CFA certificate preferred but not required.
Knowledge of micro-computing systems hardware and software with particular emphasis on spreadsheet and database applications. Knowledge of personal computer systems environment.
Substitution: Graduate study in an appropriate field or professional accreditation may be substituted for the required work experience on a year-for-year basis to a maximum of two years. Work experience in finance, economics, banking, research, accounting, or a related field may be substituted for the required college experience on a year-for-year basis.
Must be located in Anchorage, AK or be able to relocate to Anchorage at your own cost.
