Controller – Vermont Bond Bank
Posted on: Sept 28, 2020 -10:52am
Vermont Bond Bank (the “Bond Bank”) is seeking a highly qualified individual to serve as Controller for the organization.
The Bond Bank is an instrumentality of the State of Vermont with a mission to support access to readily available and low-cost financing options for governmental units seeking financing for long term capital projects. This mission is undertaken through the Bond Bank’s tax-exempt bond issuance authority as well as the financial administration of the State of Vermont’s Clean and Drinking Water State Revolving Loan Funds.
Both programs have large loan programs with a combined amount of over $800 million outstanding. The portfolios require on-going monitoring, compliance, and recordkeeping.
The position will additionally support the activities of the Vermont Educational and Health Buildings Financing Agency (“VEHBFA”) to which the Bond Bank provides administrative support. VEHBFA is similarly an instrumentality of the State of Vermont that provides conduit access to tax-exempt financing for non-profit hospitals and educational institutions in the state.
Candidates should have an interest in infrastructure, community building, and public finance. These topics drive the mission-based work of the Bond Bank and VEHBFA. The Bond Bank has invested significantly in data and community outreach over the last several years to further advance its mission. As part of a small team, the Controller is expected to be a key partner in this direction.
The Controller is generally responsible for all activities related to financial reporting. This includes a multitude of accounting activities including general ledger preparation. The position will also assist with accounts receivable, accounts payable, and the support of budget and forecasting activities.
The Bond Bank is engaged in an on-going effort to improve its systems. Ideal candidates will have the ability to evaluate and inform the selection and adoption of new accounting software and the improvement of existing portfolio management databases.
Unique to the Bond Bank and VEHBFA is an active engagement with the compliance responsibilities associated with being an issuer of federally tax-exempt bonds. Training on these topics will be provided but preexisting knowledge is highly desirable.
See attachment more details. Apply by Monday, October 19th, 2020.