Municipal Bonds Debt Manager

Municipal Bonds Debt Manager (Manager II, Grade M2)

Montgomery County, MD Government

Department of Finance

Division of Risk Management

Rockville, MD

Salary Range: $110,403 - $194,980

WHO WE ARE

Montgomery County is one of Maryland’s outstanding places to live and work. With the largest population in Maryland at over one million residents and located near the Nation’s capital, Montgomery County is one of the most affluent jurisdictions in Maryland and the nation. Montgomery County has a strong and diverse economy, with the 4th highest concentration of biotech in the U.S., corporate headquarters to industry leaders like Novavax, Marriott, Geico, and Lockheed Martin, and home to 32 federal facilities. Demographically, Montgomery County is approximately 42.9% white; 20.1% Hispanic or Latino; 20.1% Black or African American, and 15.6% Asian. 91% of adult residents have at least a high school diploma, while 57.8% hold a bachelor’s or higher degree.

Department of Finance programs include Controller operations (AP, AR, Timekeeping & Payroll, General & Grants Accounting); Fiscal Management (debt management, investing, cash management, and revenue and economic forecasting); Treasury (tax billing and collection, and cashiering); and Risk Management (self- and commercial insurance, claims administration, and safety). These programs, including department-wide experts in information technology, human resources, contracting and budgeting, are managed by a team of professionals with a depth of government experience, and with industry expertise developed while working for Fortune 500 companies, bond rating agencies, investment banking, insurance, public accounting, and financial and systems consulting.

WHO WE ARE LOOKING FOR

Montgomery County Department of Finance (Finance) is seeking an energetic and results-oriented Municipal Bonds Debt Manager with proven debt issuance and debt program management experience to lead our collaborative and committed debt management team. We are looking for an individual who possesses exceptional communication and organizational skills and the soft skills necessary to work effectively and successfully with others both internally and externally. Our managers demonstrate a high level of emotional intelligence, evidenced by skills such as teamwork, problem-solving, adaptability, time management, critical thinking, and the ability to develop and maintain positive interpersonal relationships.

This position is responsible for the effective management of Montgomery County’s debt program, which includes approximately $4 billion of general obligation and revenue bonds, commercial paper, and equipment leases. This position manages and executes the issuance of Montgomery County’s general obligation and revenue bonds; manages procurement and relationships with financial advisors; coordinates activities with the Office of the County Attorney, bond counsel, County Council staff, Office of Management and Budget, Controller’s office, lenders, underwriters and trustee(s); manages relationships and communications with rating agencies for new issues and surveillance; develops, implements and evaluates Montgomery County’s overall policies concerning the debt program; develops Montgomery County’s ~$450 million annual debt service budget and the debt management portion of the Finance budget; works with the cash management team and the Controller’s office to invest bond and commercial paper proceeds; manages the conduit bond issue program; and ensures that all pre- and post-issuance debt related activities are executed in accordance with all applicable federal, state and County laws, regulations and policies.

This position supervises staff members.

WHAT YOU'LL BE DOING

This position will:

• Oversee and manage Montgomery County’s debt program including planning and coordination with the Office of Management and Budget and all departments and agencies that will be responsible for spending and accounting for bond proceeds; and ensure that bond related decisions align with the capital improvement budget including expenditures, funding sources, and appropriations for debt service.
• Manage the issuance of general obligation and revenue bonds, commercial paper, and lease financings.
• Procure financial advisors and other required consultants/advisors; manage the transaction process including documentation, rating agency selection and credit presentations; guide decision-making throughout the process including transaction execution and post-issuance actions including spend-down and accounting for bond proceeds.
• Manage relationships with financial advisors, rating agencies, lenders, underwriters, bond counsel, arbitrage consultants, and other professionals involved in a bond issuance.
• Strategically manage the debt portfolio to ensure its efficiency and effectiveness in meeting Montgomery County’s debt financing needs.
• Develop the annual debt service budget in conjunction with the Office of Management and Budget and coordinate the recommended budget presentation of the debt service budget; and attend County Council sessions as necessary to present County Executive recommendations and/or respond to questions regarding debt issuance and debt service.
• Maintain, and update as needed, policies and procedures for the Debt Management unit.
• Maintain communications with senior executive branch staff, elected officials, department representatives, and external consultants.
• Supervise, train, and direct staff.

A criminal background and credit history check will be conducted on the selected candidate prior to appointment and will be a significant factor in the hiring decision.

MINIMUM QUALIFICATIONS

• Experience: Seven (7) years of progressively responsible professional experience managing a large municipal debt program, three years of which were in a supervisory or executive capacity. Note: The term “executive” is further defined as a high echelon or high level position in an organization that is assigned technical research, management advisory services responsibilities, or policy-making duties and responsibilities that exerts considerable influence on organizational policy, plans, and operations through technical research, management advisory services, and/or policy-making duties and responsibilities (e.g., County positions at Grade 30 or above).
• Education: Graduation from an accredited college or university with a Bachelor’s Degree.
• Equivalency: An equivalent combination of education and experience may be substituted.

PREFERRED CRITERIA, INTERVIEW PREFERENCES

The applications of those individuals meeting the minimum qualifications will be reviewed to determine the extent, relevance of training, and experience in the following areas:

• Management and oversight of a large municipal debt program including new bond issuance, post-issuance administration, continuing disclosure, arbitrage calculations, developing rating agency presentations and managing rating agency relationships, and developing debt service budgets
• Experience issuing general obligation and revenue bonds and ensuring compliance with federal, State and local laws and regulations
• Strategic management initiatives and long-term program planning
• Written and oral communication, including ability to convey highly technical or sensitive information in plain language to high-level executives and elected officials
• Development of collaborative relationships within all levels of an organization

To view the complete job announcement, review our comprehensive benefits and to apply,

please visit Municipal Bonds Debt Manager

The Job Number for the Municipal Bonds Debt Manager recruitment is 2025-00360

Interested candidates must create an online account in order to apply

This Recruitment closes June 26, 2025

Applicants are strongly encouraged to review the Resume Preparation Tips

listed under the “Career Resources” tab at https://www.Work4MCG.com

EOE. M/F/H.