Senior Managing Consultant

PFM has an opening for a Senior Managing Consultant (Project Manager) to support groups within our financial advisory practice. This position is based in our Philadelphia, PA office and may work a remote or hybrid work arrangement; travel to client sites may be required on occasion.

RESPONSIBILITIES

• Develop complex financial models to: 1) deliver bond proceeds investments recommendations to clients, and 2) to assist PFM’s financial advisory project managers meet internal needs of the business and provide industry leading service to clients. Examples include cash-flow/budget projection models, debt capacity models, debt structure evaluation and optimization models, and derivative product (swap) structuring and analysis.
• Develop and run procurement processes for bond proceeds investments including escrows and structured investments
• Prepare comprehensive reporting on bond proceeds investments strategies to help clients comply with all applicable IRS regulations
• Develop and maintain relationships with current and prospective clients
• Provide analytic and project management support for financial advisory and derivative products client engagements and marketing activities, including debt transaction advisory services.
• Assist in the development, distribution, and implementation of thought leadership initiatives across PFM through its structured products, quantitative strategies, and swap advisory practices.
• Mentor and teach analysts on your team
• Ensure compliance with matters related to regulatory rules and regulations

MINIMUM QUALIFICATIONS

• Bachelor’s degree
• Five years of public finance experience in an advisory, municipal, banking, legal, or rating capacity

OTHER QUALIFICATIONS

• Advanced knowledge and skills in Excel and financial modeling
• Strong skills in DBC and/or DBC PortOpt
• Willingness and ability to learn new financial modeling software and programing tools, including What’s Best! linear optimization software, MBRM derivative software, and VBA programming. While prior experience in these areas is not a prerequisite of this position, candidates should be eager to learn new tools that may be utilized as part of this position
• In-depth knowledge of public finance, the municipal bond market, and many forms of debt issuances
• Relevant graduate degree and/or CFA charter preferred
• Ability to manage multiple projects simultaneously
• Ability to manage client relationships with client staff, elected officials, and any other stakeholders
• Written and oral communication skills to explain complex financial issues to non-experts
• Ability to manage and delegate tasks to your team
• Ability to review and edit client deliverables with a high degree of attention to detail

FIRM OVERVIEW

PFM is a recognized national leader in providing financial and consulting advice to public sector, non-profit and other institutional entities. For more than forty years, PFM has advised many of the country’s largest municipal and institutional entities including states, counties, municipalities, townships, boroughs, authorities, school districts, not-for-profit organizations, and pension funds. The firm has more than 350 employees located in every region of the country.

PRACTICE OVERVIEW

PFM’s Quantitative Strategies Group (the “QSG”) comprises a group of dedicated professionals whose mission is to develop proactive strategies and tools for all of PFM’s business practices. Using advanced financial analysis and commercial and proprietary software, the QSG develops customized solutions to meet the individual quantitative needs of all our clients. Our extensive quantitative capabilities allow us to provide services which address the full scope of strategic and operational considerations, ranging from capital financing strategies to bond structuring solutions, to strategic planning and budgeting. Proprietary and in-house developed tools, such as our Structural Optimization, Refunding Efficiency, Forward Pricing, Other Post-Employee Benefits, and Budget Projection Models, to name a few, assist us in achieving these objectives.

PFM’s Structured Products Group (the “SPG”) is currently building out the capabilities to provide a comprehensive set of services related to bond proceeds investments including the competitive procurement of securities for escrows, construction accounts, capitalized interest funds, reserve funds, etc. We expect to be able to offer these services to our clients beginning on December 9, 2024. For each client, we will carefully consider their investment objectives, permitted investments, liquidity needs, and arbitrage rebate and yield restriction constraints (as applicable). We will draw on live market information from Bloomberg and utilize a combination of Excel models and portfolio optimization software to develop sample portfolios and breakeven analyses (as applicable) to evaluate with our clients. Based upon the feedback we receive, we will then develop a customized investment strategy that may utilize United States Treasury Securities, State and Local Government Series (“SLGS”), open-market securities such as Treasury Notes, or a combination of the two. Open-market securities would be procured on a competitive basis in an attempt to achieve the best possible pricing while also providing thorough documentation of the process conducted.

PFM Swap Advisors LLC serves as "Qualified Independent Representative" (QIR) or "Designated Evaluation Agent" under the Dodd-Frank Act in advising public sector and 501c3 clients on the use of derivatives and hedging products. We analyze the benefits, risks, and costs for each option, assist in the selection of an option, and implement the plan in the best interest of the client to meet their short- and long-term goals and objectives.

If you are ready to experience the challenge, satisfaction, and reward of an opportunity with PFM, please apply here, or refer a qualified candidate.

PFM is not offering visa sponsorship for this position.

PFM is an equal opportunity employer (EOE, M/F/D/V) and maintains a drug-free workplace.