Debt/Investment Manager - City of Alexandria VA

Debt/Investment Manager

The City of Alexandria is located in northern Virginia and is bordered by the District of Columbia (Potomac River), Arlington and Fairfax counties. With a population of approximately 150,000 and a land area of 15.75 square miles, Alexandria is the seventh largest city in the Commonwealth of Virginia.  Alexandria has a charming waterfront and is a unique and historic place to live and work.  About one-quarter of the City’s square miles have been designated as a national or local historic district.  We proudly embrace our rich history and seize the endless opportunities that lie ahead. If you are interested in working for the vibrant City of Alexandria, we invite qualified candidates to apply for the Debt/Investment Manager position. 

An Overview

The City of Alexandria’s Finance Department is looking for a detail oriented, experienced, and collaborative Debt and Investment Manager.   This is a new position in the City with significant opportunity to provide leadership managing the City’s $1 billion debt portfolio and $300 million cash investment strategy.  As a member of the Administration Division, the Debt/Investment Manager is the full performance, non-supervisory lead in this role.  The incumbent looks for innovative solutions to capital finance issues while maintaining the sound fiscal position of the City. The Debt/Investment Manager coordinates with consultants, including the municipal advisor, to seek options from investment brokers, banks and agents and to ensure that the City’s investment and debt policies are maintained. This position is responsible for ensuring that the City maintains adequate cash flow to fund daily operations and provides central coordination of the City’s debt financing strategy and obligations. The work is performed under general supervision of the Director of Finance. 

What You Should Bring

The ideal candidate is an expert in the field of municipal finance and has experience successfully managing the debt and investment activities of a municipality.  The incumbent will have considerable latitude to exercise professional discretion within the parameters of the City’s ordinances, fiscal policies and procedures.  A successful candidate will have the unique ability to work independently, while keeping stakeholders and leaders aware of issues and opportunities impacting the organization.  Additional skills and abilities include:

• Strong analytical skills for financial modeling, risk assessment and attention to detail.
• Strong knowledge of municipal investment procedures and regulations.

• Strong knowledge of best practices related to debt-related financial policies;

• Strong knowledge of debt financing instruments (bonds, notes, etc.).
• Excellent communication and collaboration abilities.

• Ability to establish and maintain effective working relationships with all levels of management and external business partners.

The Opportunity – Examples of Work

• Oversees the investment and management of the City's investment portfolios: execute transactions; monitor market conditions and portfolio performance; develop cash flow models and projections for use in investment decisions and strategies; recommend cash investment vehicles; manage and invest trustee funds; conduct research and analyses and provide recommendations to the Finance Director regarding changes in City Code and investment policy to meet changing conditions and legal requirements.
• Develop and implement policies, procedures, and best practices related to debt management and investments.
• Prepare investment performance reports for management, City Council, investment advisory committee, auditors, and the public.
• Evaluate, recommend and purchase securities and invest City funds in accordance with established guidelines, including the City’s Investment Policy.
• Work closely with the Director of Finance to align investment strategies with overall financial goals.
• Evaluate and establish contracts with reputable and reliable investment brokers.
• Manage, train, and give direction to professional and support staff in carrying out the duties and responsibilities of the cash and debt management function.
• Analyze and collaborate with municipal advisors to recommend creative solutions in the financing of proposed projects.
• Performs other duties as assigned.

About The Department

The City of Alexandria's Finance Department is a fast-paced, diverse, and customer service focused operation that is responsible for: the assessment, collection, and enforcement of all City taxes, the management of cash flow and investments, accounting for and reporting the City’s financial position, processing payroll, executing a fair and competitive procurement environment, assessing all real and personal property in the City, managing the City’s risk and safety programs, and managing the City’s pension plans. The Finance Department has seven divisions and in fiscal year 2025 is operating with a total budget of $15.6 million and 110 FTE positions.  

The goal of the Finance Department is to treat all employees, residents, and business owners professionally, with fairness and compassion.