Experience Inc. Jobs

We offer an environment of continuous development and growth. LIPA offers a thriving company culture, exceptional colleagues, and great benefits. Our benefit package includes:Hybrid work and flexible hours Bachelors degree in finance, or a related field MBA or an advanced degree in finance, business or management (preferred) Five (5) years of progressively responsible related work experience in the areas of capital planning, budgeting, forecasting, financial reporting, and financial analysis.
Three (3) years of supervisory/management experience. Chartered Financial Analyst (CFA) (preferred)Utility or related experience (preferred)Working knowledge of DBC (preferred)The Manager of Finance is responsible for fulfilling LIPAs mission of enabling clean, reliable, and affordable electric service for our customers by supporting the Director of Finance and Treasury in the debt issuance and management process of LIPA and the Utility Debt Securitization Authority (UDSA) in accordance with Internal Revenue Service regulations for tax-exempt financing and LIPAs Board Policy on Fiscal Sustainability. The Manager of Finance shall assist the Director of Finance and Treasury to develop and implement strategies that ensure LIPAs financing requirements are met, and financial assets are managed to maximize benefits to LIPA within legal and established LIPA board policy parameters; assist in the development and execution of LIPAs short and long-range financing plans and the identification and evaluation of specific financial instruments which economically and operationally satisfy future needs.The Manager of Finance shall also develop functional expertise in financial analysis, modeling,and debt management risk analysis, and support the Director in resolving complex financial problems and projects.
Job Functions include:Under the supervision of the Director of Finance and Treasury, maintain day-to-day operations of LIPAs debt issuance and management functions, including banking, rating agency, and investor relations. Develops LIPAs Finance Plan and coordinates the timing of borrowing needs with Treasury. Ensures timely and accurate filing of all debt covenants, ensuring accurate tax-exempt bond allocation filings, and initiating annual arbitrage rebate reports. Maintains debt, disclosure, and tax compliance policies and ensures compliance with policies. Assists the Finance Department in determining LIPAs capital structure, including the benefits and risks of alternative fixed and variable-rate bond structures, debt amortizations, and the analysis and management of interest rate and debt portfolio risk. Works with Tax Counsel to interpret current and evolving federal regulations such as arbitrage and private business use regulations as they pertain to LIPAs debt portfolio and investments and provide timely calculations, reporting and payments to maintain compliance. Manages LIPAs long-term debt portfolio; coordinating with external Counsels and the Trustee to ensure compliance with bond covenants providing actuate and timely disclosure and payments. Manages LIPAs short-term debt program; recommends changes to the program as conditions warrant; provides direction to the commercial paper dealer and agent bank regarding issuance timing and methods, and operational improvements; evaluates dealer and bank performance and expense. Works with the Accounts Payable and Treasury staff to ensure the timely and accurate payment of debt service and related charges, including remarketing fees, letter of credit fees, and on-going debt administration charges.Performs related duties as required.