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Chesapeake, VA - Debt Manager

GovHR USA is pleased to announce the recruitment of candidates and selection process for the next Debt Manager for the City of Chesapeake, Virginia.  Chesapeake, VA (population of 245,000) is an independent City established in 1963 by the merger of Norfolk County and the City of South Norfolk.  The area’s history goes back to the founding of America with the historic Battle of Great Bridge and construction of the Great Dismal Swamp Canal.  Located adjacent to the world’s largest naval base, Chesapeake is the second largest City in land area in Virginia (352 sq. miles) and is the second most populous city in Virginia.  Located just 20 minutes from the Atlantic Ocean, 15 minutes from downtown Norfolk and an hour from Colonial Williamsburg and the Outer Banks of North Caroline, Chesapeake is considered one of Virginia’s premier cities, with significant potential for future residential, commercial and industrial growth. 

The City has a FY 21 operating budget of $1.16 billion of which approximately one half is the school system budget.  The City has a total of 3500 employees not including the School Division.  Notably, the city has a AAA bond rating from each of the top three rating agencies, reflecting its commitment to financial planning and strong financial management.   Along with the AAA bond ratings, the City regularly receives the Government Finance Officers Association awards for its Budget Presentation and Comprehensive Annual Financial Report.

The City of Chesapeake Debt Manager plans, directs, manages and oversees the debt management activities of the City under the direction of the Director of Finance – including development and monitoring of debt policies for compliance.  The position provides central coordination of all City debt (with schools and certain component units) including general obligation, revenue and tax increment financing district improvement bonds, commercial paper, loans and other lines of credit facilities.  For Bond Sales the Debt Manager will be expected to prepare official statements, create timelines, review legal documents, create rating agency and investor presentations, accounting and closing documents.  The Debt Manager will maintain continuing disclosure and monitor post issuance compliance.

The position requires:

  • A bachelor’s degree in accounting, finance, economics or a closely related field and at least five years related financial experience, or an equivalent combination of education and experience that would demonstrate the skills and ability to perform the work.
  • The ideal candidate would possess knowledge of municipal capital financing, municipal bond markets, arbitrage and tax compliance regulations; the ability to prepare comprehensive financial and economic reports, develop and analyze alternative financial strategies, and present ideas clearly and concisely. 

The advertised salary range is $68,000 - $89,500 DOQ with excellent benefits. Residency is not required.   Send résumé, cover letter, and contact information for three professional references by September 11, 2020 to Sarah McKee, Senior Vice President, GovHRUSA. TEL: (224)282-8310. All applications must be electronic through our online application system at

The City of Chesapeake is committed to compliance with the American Disabilities Act and is an Equal Opportunity Employer.  Diversity and inclusion are critical to our success.  We seek to recruit the most talented people from a diverse candidate pool and strongly encourage women, people of color, LGBTQ individuals, people with disabilities and veterans to apply.

Click Here for Brochure!

Posted:Aug 13, 2020


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