Debt and Investment Officer

Full Job Description

We are seeking to hire a Debt and Investment Officer in the Office of Budget & Finance department. This role will be responsible for Hennepin County’s Debt Management Program, including issuance of fixed and variable rate bonds, commercial paper and other debt instruments. This position is also responsible for all compliance and reporting requirements for the debt program and works closely with the Treasury and Capital Budget staff to ensure that Hennepin County’s treasury, debt, and capital needs are met throughout the year.

Effective December 31, 2025, there will be a general salary adjustment of 4% to the minimum and maximum of the range.

Current Hennepin County employees who refer a candidate hired into an open competitive position may be eligible for a $500 referral bonus. For more information visit the employee referral program page.

Find us here at upcoming career fairs!

Location and hours:
This position is hybrid and will be performed both onsite at the Hennepin County Government Center, 300 South 6th Street, Minneapolis, MN 55487, and remote as job duties require. Work hours will be Monday through Friday, with typical hours of 8 a.m. to 4:30 p.m. While this position is designated as hybrid, based on current requirements hires must reside in or relocate to Minnesota or Wisconsin. New Employee Orientation (NEO) for all new benefit-earning employees is in-person in downtown Minneapolis. Details about NEO will be provided upon hire.

About the position type:
This is a full-time, benefit earning position. This position is internally classified as an Investment and Debt Officer. Click here to view the job classification specification.

Note: You must attach a resume with your application materials to be considered for this position.

In this position you will:

• Provide leadership in the design, enhancement, and maintenance of a sophisticated debt management program by planning and managing all ongoing activities related to the County’s debt portfolio.
• Analyze, develop, design, implement, and evaluate county-wide debt management operations including but not limited to the debt management policy, disclosure procedures, and post-issuance compliance procedures, recommend updates and/or modifications and work with departments that oversee conduit debt issuances to monitor for compliance and record keeping as needed.
• Work collaboratively with the Chief Financial Officer (CFO), Investment Officer(s), and Capital Budget Manager to keep each other informed about how these three areas of financial activity intersect with each other and provide strategic guidance to the Treasury, Debt and Capital team.
• Understand federal and state law related to tax-exempt and taxable bonds and other financing instruments as well as tax issues including arbitrage rebate and yield restriction, spending exceptions to rebate, private use, and private payments; work to identify any potential tax issues with a capital project in advance in conjunction with bond counsel and internal county counsel.
• Demonstrate knowledge of credit rating criteria and its application to the County’s debt offerings.
• Prepare and submit all required annual continuing disclosure documents and voluntary disclosures on Electronic Municipal Market Access (EMMA) and respond to requests for information.
• Advise the CFO and County leadership about implications of proposed changes to state and/or federal law that could impact the County’s existing debt portfolio or its ability to issue debt in the future.
• Plan and coordinate the issuance or refinancing of all debt obligations, including acting as primary liaison with external bond counsel, internal county counsel, municipal advisor, rating agencies, and other transaction participants including but not limited to commercial paper dealers, issuing/paying/tender agents, remarketing agents, and liquidity providers.
• Prepare presentations and any other required materials for all meetings with the credit rating agencies, with assistance from the county’s municipal advisor, coordinate and coach county participants to help them achieve the most effective presentation during these meetings, and review drafts of final rating reports prior to publication.
• Monitor consistently, with the Capital Budget Manager, capital project cash flows to track adequacy of funds to meet capital project expenditures; determine need for and timing of either interim capital funding or issuance of long-term debt to support authorized capital costs.

Need to have:
One of the following:

• Bachelor's degree in finance, business or public administration, economics or a closely related field with course work emphasis on debt management, financial markets, financial institutions, and/or investment management and five years or more of professional experience in overseeing or (co-)managing a debt management program and/or fixed income securities and producing and using financial analysis to create transactions.
• Master's degree or higher in finance, business or public administration, economics or a closely related field with course work emphasis on debt management, financial markets, financial institutions, and/or investment management and three years or more of professional experience in overseeing or (co-)managing a debt management program and/or fixed income securities and producing and using financial analysis to create transactions.
  • Note: Experience can be substituted for the required education on a year-for-year basis.

Nice to have:

• Experience using debt as a financing tool for capital projects, including:
  • Both tax-exempt and taxable debt.
  • Fixed rate and variable rate modes, including commercial paper.
  • Familiarity with bond issuance processes and documents.
  • Complying with continuing disclosure requirements, rating agency disclosure submissions and federal reporting requirements.
• Understanding of:
  • Different types of credits/security structures.
  • Local government treasury and banking functions.
  • Local government capital budgeting.

About the department:
The Office of Budget & Finance works hard to ensure sound credit conditions, working capital, and overall financial health within Hennepin County by supporting strategic objectives through leveraging technology, effective management of financial and human resource systems and services, as well as Hennepin County's commitment to equal opportunity, affirmative action, diversity, and inclusion.

About Hennepin County:
Hennepin is the largest county government organization in Minnesota. Our employees work every day to improve the health, safety and quality of life for our residents and communities. All of our jobs align with our mission to serve residents through transformative services that eliminate disparities, eliminate inequities, and create opportunity for all and our vision of a community where all people are healthy, all people are valued, and all people thrive. Our employees receive a combination of competitive benefits and positive workplace culture not found at other organizations. This includes meaningful work that impacts our community, competitive pay, work-life balance, a variety of benefits and opportunities to grow. Learn more at The Bridge (login as Guest).

Hennepin County envisions an organization where our commitment to diversity and the elimination of disparities is fundamental in providing excellent service to our community. Your future. Made here. This posting may be used to fill current and future vacancies.

Watch this video for application best practices and tips.

Invitations to interview will be based upon an assessment of education and experience. Final candidates may be required to complete a criminal background check.

If you have any questions, please contact:
Abbie Hugunin
Abbie.Hugunin@hennepin.us

#LI-DNI