Director Banking, Investments and Debt

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Director Banking, Investments and Debt

Salary

$146,320.00 - $173,452.00 Annually

Location

City Hall, 350 South 5th Street, Minneapolis, MN

Job Type

Full-time

Job Number

2026-00224

Department

Finance & Property Services

Division

Finance Bank Invest Debt

Opening Date

05/12/2026

Closing Date

5/31/2026 11:59 PM Central

FLSA

Exempt

Bargaining Unit

CAP

Description

Benefits

Questions

Position Description

Responsible for overseeing the investment of the City's cash resources and directing activities associated with the City's debt obligations and Municipal debt issuance to finance City projects and planning for capital resource allocations and maintenance of that debt.

Work Location:This position may be eligible for flexible work arrangements, including hybrid work with some days working remotely and some days working in the office.

The City of Minneapolis does not sponsor applicants for work visas.

Job Duties and Responsibilities

Direct the City's debt financing process and systems to ensure that timely and accurate projections are developed and appropriate financing instruments are identified and issued in accordance with the City's decisions and goals, applicable laws, and regulations.

Advise and assist department leaders and policy makers on the financial and operational issues and requirements related to securing and servicing debt.

Work with the City's registered investment advisor(s) and investment manager to direct the City's investment portfolio to achieve safety of principal and maximum returns within Federal, State and City requirements governing investment of public funds, especially Minnesota State Statute 118A and GASB policies.

Implement and manage processes and best practices to maximize additional yields on the portfolio of daily cash, short-term fixed income, and other investment assets.

Instigate internal borrowing for City expenditures in lieu of issuing debt.

Prepare and manage RFPs, analyze results, negotiate, prepare and administer contracts for investment managers, advisors, and other financial service providers.

In conjunction with the CFO, Department Heads and their Division Directors ensure that accurate and timely reporting and analyses are available to inform policymakers related to capital investments and cash investments.

With Budget Director, Controller, Senior Advisor to Board of Estimate & Taxation and project accounting staff assure that costs and cash-flow implications of capital projects are well managed and accounted for, including timely closeout of projects.

Represent the City on cooperative financing and investment agreements involving other government agencies.

Establish and monitor the database of all municipal bond and note issues to ensure visibility and execution, accurate forecasting of principal and interest status, investor relations, debt reporting and compliance with continuing disclosure requirements

Mentor direct reports and City staff on evaluating funding options and investments and explain their impact on the organization and its decision-making processes.

Maintain and update investment and debt policies in compliance with applicable Federal, State, and City requirements.

Ensure that investment assets are properly and safely held (in custody) for the City.

Review and assist in preparation of the Annual Comprehensive Financial Report (ACFR), financial statements, schedules, notes, statistical tables and perform high-level review of cash, investment and debt information within fund financial statements for the entire ACFR.

Manage the accounting details and set up of special assessments related to bonds issued for capital projects funded through collection of special assessments.

Provide professional analyses to ensure funding sources for the program are realistic, affordable from a taxing perspective and remain balanced as changes occur.

Required Qualifications

Minimum Education: Bachelor's Degree in Finance, Public Finance, Math, Accounting, Business Administration or a closely related field, or equivalent. Master's Degree in one of these is preferred.

Minimum Experience: Seven years of progressively responsible experience related to the duties of the job, including work with or in banking or capital markets and experience with local government decision-making processes. Experience working with bonds and bond math and accounting for debt insurance and investing. Successful experience leading a team.

Equivalency:An equivalent combination of education and experience closely related to the duties of the position MAY be considered.

A cover letter and resume are required. You must attach a cover letter and updated resume to your application.

Selection Process

The selection process will consist of one or more of the following steps: a rating of relevant education and experience 100%. It is important that your application show all the relevant education and experience you possess. This information will be used to determine which candidates will proceed in the selection process. A submitted application is also used to verify the answers to any supplemental questions. The City of Minneapolis Human Resources Department reserves the right to limit the number in any phase of the selection process.

Background Check

The City has determined that a thorough Minneapolis Police Department criminal background check is necessary for positions with this job title. Applicants must sign an informed consent allowing the City to obtain their criminal history information in connection with the position sought. Applicants who do not sign the informed consent form will not be considered for the position.

Drug and Alcohol Testing

All job applicants must pass a pre-employment drug and alcohol test once a conditional offer of employment has been made. Applicants will be required to sign a notification and consent form prior to undergoing drug and alcohol testing. Applicants who do not consent to undergo drug and alcohol testing will not be required to do so and the City will withdraw the conditional job offer, resulting in the job applicant no longer being considered for the position.

Union Representation

This position is not represented by a collective bargaining agreement. Please see the Civil Service Rules (https://www.minneapolismn.gov/government/departments/hr/civil-service-rules/) for the terms and conditions of employment.

Interview Selection

The hiring authority reserves the right to determine the maximum number of candidates to interview from the established eligible list. If the hiring authority decides to interview other than by exam score order, they may select additional people to interview based on a candidate's education or experience related to the field, work history, or skills uniquely related to the operational needs of the position.

Knowledge, Skills and Abilities

Considerable knowledge of the rules and regulations governing public sector banking, merchant cards, investing and debt.

Knowledge of generally accepted accounting principles (GAAP) and governmental accounting standards board (GASB) statements and pronouncements.

Excellent oral, written and interpersonal skills.

Excellent presentation skills and experience conducting meetings in front of government bodies and recorded events.

Demonstrated ability to write clear policy and procedure documents and reports.

Knowledge of available banking services, loan options, and banking relationships. Strong knowledge of how government bonds are issued, including an understanding of credit rating agency processes, bond arbitrage disclosure rules and regulations, and bond accounting principles.

Strong understanding of IRS Treasury regulations governing the use of tax-exempt bonds.

An overall understanding of how a City operates, where the revenues are derived from, and how expenses are planned and funded.

Considerable knowledge of the math involved in municipal bonds and how the interest rate market impacts bond pricing at different maturity dates. T

Considerable understanding of the interest rate risk profiles of the various marketable securities eligible to be purchased and an understanding of the time value of money.

Experience with bond trading for buys and sells.

Has the ability to represent the City in a variety of settings.

As the largest and most vibrant city in the state, Minneapolis depends on purposeful, dedicated and innovative employees. Minneapolis has a large variety of careers for people of all experiences and backgrounds who come together for a singular purpose-serving the residents, businesses and visitors of Minneapolis.

The City of Minneapolis is proud to be an Equal Employment Opportunity employer.

Benefits Summary

Our employees enjoy competitive salaries and generous benefits. We pride ourselves on a comprehensive benefits program that supports employees' health and financial well-being. Programs, resources, and benefit eligibility varies based on position, average hours worked, location and length of service. For detailed benefits information, please visit the benefits page (http://www.minneapolismn.gov/hr/benefits/WCMS1Q-066289) .

Insurance

Health insurance

Eligibility for benefits begins the first of the month following employment date. The City of Minneapolis offers eligible employees one plan design (http://cityofminneapolis.welcometomedica.com/page/61) with a choice of six provider networks, allowing you to select the best option for you. Available plans include Medica Choice Passport, Medica Elect, VantagePlus with Medica, Park Nicollet and HealthPartners Medical Group First with Medica, Ridgeview Community Network powered by Medica, and Clear Value with Medica.

Dental insurance

The City of Minneapolis offers dental insurance through Delta Dental of Minnesota and pays 100% of the monthly premium for eligible employees.

Life insurance

The city provides basic life insurance of one times your annual salary up to $50,000. You can elect to purchase optional life insurance.

Paid time off

Our generous leave package includes vacation, holidays and paid sick leave, which gives employees the opportunity to enhance their quality of life outside work. Amounts and accrual rates are based on years of experience and collective bargaining agreements (http://www.minneapolismn.gov/hr/laboragreements/index.htm) .

Paid parental leave

City employees are eligible for up to 12 weeks of paid parental leave in the event of a birth or placement for adoption of a child.

Retirement

City employees earn a pension and may choose to participate in additional retirement savings programs.

Pension: The City of Minneapolis participates in the Public Employees Retirement Association (PERA). Employees and the City both contribute a percentage of your pay to fund future benefits.

Deferred compensation: Employees may choose to participate in pre-tax or after-tax savings plans through the Minnesota State Retirement System (MSRS).

Transportation

Eligible City employees may choose to participate in the following transportation programs:

Metropass: TheMetropass (http://www.minneapolismn.gov/hr/benefits/trans/benefits_pre-tax-transit) program allows eligible employees to enroll in a pass for unlimited bus or light rail rides at a discounted price.

Parking or Van Pool:The City of MinneapolisTransportation Benefits Plan (http://www.minneapolismn.gov/hr/benefits/trans/WCMS1P-113620) gives you options to pay certain commuting costs, such as qualified parking and van pool expenses, with pre-tax dollars.

Learning and development

To engage and develop employees, the City of Minneapolis offers classes in leadership, cultural agility, change management and more. Additionally, educational discounts at Augsburg University, Hamline University, St. Catherine's, and St. Mary's University of Minnesota are available to City employees.

Other perks

Employees can also take advantage of flexible spending accounts, theEmotional Wellbeing Solutions (https://www.minneapolismn.gov/government/departments/hr/benefits-wellness/) , health club discounts and more.

How did you find out about this position? (Select all that apply)

Recruiter

City of Minneapolis website

City of Minneapolis employee

City of Minneapolis Career Opportunities Bulletin

Friend, family, or community

League of Minnesota Cities website

Diversityjobs.com website

Governmentjobs.com website

Indeed.com website

Minnesotajobs.com website

Minnesota Council of Nonprofits website

Other Website

Twitter / X

Facebook

Other social media site

Newspaper

Other media

College or University

Community organization

Job Fair

Professional association

Site Visit

None of the above

Please specify where you heard about the position (e.g., website name, City of Minneapolis employee name, job fair, professional association).

What is the highest level of education you have successfully completed?

High School Diploma or GED

Associate's Degree

Bachelor's Degree

Master's Degree

Doctorate

Please select the field of study in which you have obtained your degree in:

Finance

Public Finance

Math

Accounting

Business Administration

Other

I do not have a degree

If you marked 'Other' to previous question, please indicate what your degree is in.

How many years of related work experience similar to the duties and responsibilities of the position posting do you have?

No Experience

Less than 3 years

3 years but less than 5

5 years but less than 7

7 years but less than 9

9 years but less than 11

11 or more years

How many years of experience do you have working with or in banking or capital markets?

No Experience

Less than 3 years

3 years but less than 5

5 years but less than 7

7 years but less than 9

9 years but less than 11

11 or more years

How many years of experience do you have with local government decision-making processes?

No Experience

Less than 3 years

3 years but less than 5

5 years but less than 7

7 years but less than 9

9 years but less than 11

11 or more years

How many years of experience do you have working with bonds and bond math and accounting for debt insurance and investing?

No Experience

Less than 3 years

3 years but less than 5

5 years but less than 7

7 years but less than 9

9 years but less than 11

11 or more years

How many years of experience do you have working in a supervisory capacity leading a team?

No Experience

Less than 3 years

3 years but less than 5

5 years but less than 7

7 years but less than 9

9 years but less than 11

11 or more years

Required Question

Employer

City of Minneapolis

Address

350 South 5th Street

Room 1

Minneapolis, Minnesota, 55415

Phone

(612) 673-2282

Website

http://www.minneapolismn.gov/jobs

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Director Banking, Investments and Debt