Financial Analyst/Senior Financial Analyst
JOB DESCRIPTION
The Governor’s Office of Management and Budget is seeking to hire either a financial analyst or senior
financial analyst. The Financial Analyst or Senior Financial Analyst will work within the State of Illinois’
capital markets group and will be the lead/co-lead analyst for the State’s $35 billion debt portfolio. This
challenging position is a great opportunity for someone that is passionate about municipal bonds and
public finance to develop a deep understanding of the State’s bond programs and the complexities of the
State’s credits.
Job duties include, but are not limited to:
• Developing strong working understanding of General Obligation and Build Illinois bond programs.
• Analyzing and reporting on a variety of outstanding credits: general obligation bonds, sales tax
revenue bonds, tobacco bonds, variable rate bonds and swaps.
• Understanding the flow of funds that varies for each credit.
• Understanding the state’s budget and all of the information contained within the official statement.
• Calculating yield, interest payments, present value, and other key metrics for bond sales.
• Attending drafting sessions as required for State debt transactions.
• Being fluent in ongoing matters of state debt administration including monthly transfers required
under statute, Federal rebate requirements, and state accounting requirements such as GAAP
reporting.
• Strong understanding of the State’s authorizing bond acts and State Finance Act, in particular,
the continual status of authorization under each of the issuing purposes.
• Working closely with the capital planning and development group to identify the appropriate bond
sale timing to ensure orderly continuance of the State’s capital expenditures needs.
• Understanding of the State’s peer group issuers in matters of debt ratings and key economic
indicators which determine rating agency reviews.
• Strong understanding of capital markets bond math, with capability to model straight-forward
bond projected bond financing plans.
• Examining and making alternative bond structure recommendations in respect to new proceeds
issuances and refinancing of existing state debt.
• Evaluating RFP/RFQs from underwriters, municipal advisors and other vendors to maximize the
State’s ability to achieve the lowest possible borrowing costs.
• Working with bond counsel and state agencies to ensure compliance with IRS law.
EDUCATION AND EXPERIENCE
Candidates must have, at a minimum, a Bachelor’s degree in a field demanding strong analytical
capabilities and strong writing skills. Degrees in finance, economics, public administration, accounting,
physics, engineering, or a related discipline with an economic or quantitative emphasis will be considered.
A Master’s degree is preferred in the case of the Senior Financial Analyst.
In addition, we are seeking a candidate with the following skills and interests:
• At least two years of experience (three years in the case of a Senior Financial Analyst) in either:
o Public finance at an investment bank, rating agency, financial/municipal advisory firm, a
law firm serving the public issuing community, or with a large or frequent governmental
issuer of debt, or
o Analytical work for State of Illinois in the area of budgeting, financial reporting,
accounting, or a related area.
• Strong analytical capabilities to create cash-flow projections and design ad-hoc monitoring
systems for unique transactions. Software fluency must include Microsoft Excel, Word and
Power-point. Experience with Microsoft Access or SQL is desirable.
Governor’s Office of Management and Budget – Job Posting
• Good writing and outline development skills to quickly assess and report on developing situations
and communicate complex ideas to audiences whose skills and experiences lie in other areas.
• Ability to communicate clearly, briefly, and effectively verbally or in writing, often under time
pressure and with competing demands.
• Ability to accommodate a broad spectrum of communication and topic experience levels with
respectful customer service orientation.
• Must have a strong interest in understanding the legal and mathematical aspects of the capital
markets.
• A commitment to public sector involvement and to public policy issues, and an understanding of
or an willingness to learn the policy-making process;
• Ability to conduct sound and detailed analyses from both a programmatic and a fiscal
perspectives;
• Ability to work in high-paced, fluid environment, providing accurate information frequently on very
short timelines;
• Ability to handle multiple tasks, and projects;
• Ability to interact well with agency representatives, constituents, and legislative and Governor’s
Office staff;
• Pro-active approach to work, to develop appropriate areas for analysis, to identify problems
before they form and to offer solutions.
Work location: This position is based in Chicago; occasional overnight travel is required.
SALARY/COMPENSATION AND POSITION CLASSIFICATION
Salary and position classification will be determined based on the level of experience when a job offer is
made.
Submit resumes by mail, fax, or e-mail.
E-mail: jobs.omb@illinois.gov
Attention Personnel:
603 Stratton Building
Springfield, IL 62706
Fax: 217-524-4876
NON DISCRIMINATION POLICY
Equal employment opportunity is the policy of GOMB. All employees hired and promoted have been and
will continue to be selected from all candidates on the basis of qualifications necessary to perform the job
well. The GOMB does not discriminate against any person, employee, or job applicant on the basis of
race, color, religion, sex, age, sexual orientations, national origin, disability, marital status, or status as a
disabled veteran of the Vietnam era, in accordance with applicable laws. This policy applies to all
recruiting, hiring promotions, layoffs, compensation, benefits, terminations and all other terms and
conditions of employment.