NEOGOV · 1 month ago
DEBT AND INVESTMENT MANAGER
Cary, NC
Full-time
Onsite
Senior Level
$93K/yr - $153K/yr
5+ years expNEOGOV is seeking a Debt and Investment Manager to provide strategic financial leadership in Cary, NC. The role involves managing and analyzing debt, investments, and cash flow, while ensuring compliance with financial reporting requirements and maintaining public trust in financial operations.
GovTechHuman ResourcesInformation TechnologySoftware
Responsibilities
Serve as a primary Cary point-of-contact for banking partners, bond attorneys, financial advisors, the North Carolina Local Government Commission (NCLGC), underwriters, rating analysts, trustees, lending institutions, brokers, and feasibility consultants
Manage contracts/agreements with third party banking, financial, and cash management partners
Develop and document dashboards, systems, and standard operating procedures to facilitate and streamline operations while providing senior leadership with the needed access to information
Develop, document, and communicate policies related to debt, equity (fund balance), cash, and investments
Prepare monthly, quarterly, and annual reports for management review, including but not limited to monthly cash reports, quarterly financial narratives for Debt and Investment portfolios, and regularly required reports for the NCLGC detailing Cary’s debt service requirements, overall cash position, and any other reports as requested
Manage key year-end financial reporting activities related to debt and investment management, including arbitrage monitoring, investment interest allocations, long-term liability reporting, bond covenant calculations, and audit support for capital project funding and closeouts
Serve as Deputy Treasurer in the absence of the Treasurer
Manage Cary’s debt ratings with Moody’s, S&P, and Fitch, including periodic updates and disclosure items to the rating analysts; provide senior leadership with regular updates and analyses associated with rating agency evaluations
Facilitate the management and structure of Cary's debt, including negotiating the best financing terms, timing, and legal conditions for Cary; maintain and update Cary’s debt database to ensure accuracy of future, current, and past bond issues; research and analyze new debt related issues, including any potential new debt products
Manage the debt issuance process, including preparing Requests for Proposals from banking partners, selecting underwriters, trustees, and financial advisors, preparing action items for Cary’s Council, offering documents for investors, preparing other information required by state statutes and the NCLGC, and directing the referendum process and bond closings
Manage Cary’s debt portfolio to include prompt payment of debt service to avoid payment defaults as well as provide continuing disclosure to investors and banking partners to ensure post-issuance compliance
Determine when to refund existing bonds by monitoring financial markets and interest rates, as well as analyzing Cary’s existing debt portfolio for potential interest savings
Recommend and manage Cary's use of derivative debt instruments, including interest rate swap agreements, to achieve interest rate savings and to hedge against interest rate risk
Prepare detailed reports for all debt projects that utilize bond proceeds including a comprehensive review of monthly expenses for each bond project, ensuring reimbursements qualify for bond proceeds. Maintain a database of drawdowns, and track the use of all bond proceeds including any potential arbitrage payments
Provide other Cary departments with detailed analyses of Cary’s historical and future debt issues, including but not limited to, debt service analyses, debt proceeds uses, sources and uses breakdowns, and any other applicable requests
Actively partner with the Budget team to provide critical input for development of Cary’s general and utility fund operating and capital budgets, including the annual debt budget and debt service requirements, along with related schedules
Manage cash and investments; make independent, daily investment decisions; monitor bank accounts and ensure appropriate balances to cover operating expenses and investment transactions, prepare and execute wires between Cary accounts to ensure weekly cash demands are met
In partnership with the Finance Director and Cary’s Financial Advisor, determine when to invest in long-term securities based on a review of Cary’s existing and forecasted cash needs, prepare bid sheets, solicit and analyze competitive investment bids from authorized brokers, select appropriate investment opportunities, and update existing databases with the results of the bids and investments
Analyze revenue streams and expenditure patterns to assist with cash forecasting and coordinate required cash flow information
Invest unspent debt proceeds within arbitrage limits; handle transfers for reimbursement to Cary’s general account
Manage the investment of fiduciary funds donated for a public purpose; provide timely and accurate reporting to interested parties
Maintain and update investment tracking and reporting software, including system control, custom report design, broker, investment, and account detail information, fiscal year-end close, and monthly update interest earnings and market pricing
Manage and update a monthly investment income database and analyze complex revenue forecasting tools; provide investment income revenue budget projections to the Budget team for inclusion in the budget process
Actively partner with the Budget team to provide critical input for development of Cary’s general and utility fund operating and capital long term financial models
Participate in Cary’s financial audit and budget processes by preparing various complex schedules related to cash and investments and debt, including detailed analytical reviews, and narratives; research and reconcile items as needed
Prepare adjusting journal entries, monthly allocations, and complex year-end journal entries as needed
Complete monthly and year-end investment income allocations across funds and bond-funded projects, ensuring accuracy, documentation, and alignment with the general ledger
Maintain and update long-term liability schedules for year-end reporting, including GASB40 disclosure support, amortization schedules, and reconciliations to the ACFR
Perform year-end investment portfolio reconciliations, including unrealized gains, custodial balances, and book-to-market adjustments to support audit requirements
Calculate and document bond and rate covenant compliance annually, coordinating with Budget, Accounting & Reporting, and external advisors to ensure accuracy and timely filing
Collaborate with Accounting and Project teams to reconcile funding activity and close out bond-funded capital projects, ensuring expenditures, reimbursements, and interest earnings meet bond eligibility rules and reporting standards
Perform other job-related tasks as required
Qualification
Required
Graduation from an accredited college or university with a bachelor's degree in accounting, finance, public or business administration, economics or a closely related field
Considerable experience in municipal finance
Ability to establish and maintain effective working relationships with organizational staff at all levels, bankers, rating analysts, bond attorneys, consultants, as well as federal, state, and local government officials
Ability to effectively communicate complex financial concepts in an accessible manner
Ability to negotiate financing terms and legal conditions with underwriters, bond attorneys, and state officials
Preferred
Government or public organization experience
Benefits
Cary is pleased to provide excellent, competitive, and comprehensive benefits to serve the needs of our employees and their families.
Because Cary believes that employees are one of our most important resources, significant dollars (averaging about 40% of annual salary per employee) are spent each year on employee benefits.
All regular full-time employees of Cary are eligible, and benefits coverage for new employees and family members is effective upon an employee's hire date.
Company
NEOGOV
NEOGOV is the leading provider of workforce management software uniquely designed for the public sector, education, and public safety.
501-1000 employees
H1B Sponsorship
NEOGOV has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (13)
2024 (10)
2023 (10)
2022 (18)
2021 (14)
2020 (16)
Funding
Current Stage
Late StageTotal Funding
$700MKey Investors
Warburg Pincus
2025-07-28Secondary Market· $700M
2025-07-28Acquired
2021-06-02Private Equity
Leadership Team
Shane Evangelist
CEO
Brandon McDonald
Head Of Marketing
Recent News
Canada NewsWire
2025-11-14
2025-11-14
Government Technology US
2025-10-31
Company data provided by crunchbase