SENIOR CAPITAL MARKETS FINANCE OFFICER

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Position Base
Oakland

Location
UCOP - Franklin Building

Department Overview
Capital Markets Finance (CMF) at UCOP is responsible for raising capital on behalf of all ten UC campuses and six medical centers and manages the University's $35 billion debt portfolio. CMF's support for capital programs for the campuses and medical centers is essential to the University's educational, research, and medical activities and to providing services to our faculty and student body.

Position Summary
The Senior Capital Markets Finance Officer will work closely with the Director of Capital Markets Finance to manage the University's debt portfolio and capital markets financing activities. This is a unique opportunity working to manage the largest debt portfolio in higher education and one of the largest portfolios for any municipal bond issuer in the country. Our portfolio includes $35 billion of fixed and variable rate bonds issued under a variety of credits, a $4 billion commercial paper program, over $1 billion of interest rate swaps, and bank lines of credit used for capital projects and backup liquidity. Additionally, the Office of Capital Markets Finance manages a rapidly expanding internal central bank that facilitates a significant portion of lending for capital projects throughout the system. The selected candidate will hold wide-ranging responsibilities related to all aspects of managing the debt portfolio. In addition to coordinating most day-to-day activities of the team in collaboration with the Director, the Senior Finance Officer will manage junior staff and provide direction and leadership to the full team. The selected candidate will play a central role in supporting transaction execution, including: developing transaction structure; working closely with underwriters, financial advisors, attorneys, rating agencies, and other participants; and coordinating key internal actions. The position will require close involvement in developing long-term financing strategies and frequent independent engagement with other departments within UCOP and stakeholders at all UC campuses and medical centers.

Key Responsibilities

• 25% Staff Management:

-Manages junior staff by providing day-to-day supervision, performance management, career development, and corrective action as needed.

-Supports recruitment activities as necessary.

-Provides leadership and direction to the full team, including staff who are not direct reports. -Trains staff on advanced analytical techniques and public finance concepts.

• 25% Operations:

-Under general direction of the Director, oversees the Central Bank and commercial paper programs, the month-end funding process, swap cash flows, payment of variable rate bond and vendor invoices, and other day-to-day operational matters.

-Plays an active role in facilitating the review process for financing approvals.

-Conducts long-term planning for bond transaction timing and sizing.

-Identifies and implements process improvements.

-Actively participates in meetings with underwriters, the University's bond trustee, and other vendors.

-In collaboration with the Director, prepares and updates business continuity plans.

• 25% Transaction Execution:

-Under general direction of the Director, oversees financing activities approved by the Regents or Chief Financial Officer.

-Participates in the development of long-term financing strategies and plans.

-Coordinates selection of underwriters and other financing participants. -Determines appropriate funding mechanisms in consultation with the Director, advisors, investment bankers, and campuses and medical centers.

-Reviews legal documents and coordinates with bond and disclosure counsel to make updates as needed.

-Coordinates rating agency reviews during and between transactions.

-Advances key internal processes with accounting teams and the CFO's immediate office.

-Provides other day-to-day transaction support activities as needed.

• 15% Analysis:

-Conducts complex financial analysis related to debt affordability based on the requirements of the University's Debt Policy.

-Works closely with campuses and medical centers to provide advice and develop optimal financing structures.

-Evaluates the performance of commercial paper dealers, variable rate bond remarketing agents, and other financing providers.

-Coordinates with the Director, Finance Officers, and outside advisors to annually evaluate long-term solvency of the Central Bank.

-Develops new analytical tools and processes as needed.

• 10% Other Responsibilities:

-Handles other responsibilities as needed, including but not limited to providing support for annual financial audits, negotiating amendments to agreements, conducting periodic reporting, responding to legislative inquiries, and participating in systems implementations that impact CMF.

Experience
Required Qualifications

• Min 10 years of relevant experience in a related area and/or equivalent experience and training

Skills and Abilities
Required Qualifications

• Extensive knowledge and experience with public finance concepts, products, tax laws, transaction execution processes, and other requirements
• Highly developed ability to manage junior staff and provide leadership to a team
• Extensive skills and experience in developing complex financial models and synthesizing output to guide recommendations for leadership
• Experience developing financing approaches, evaluating the financial and operational tradeoffs of different approaches, and making recommendations on an optimal approach
• Experience administering complex programs and identifying and implementing operational improvements
• Highly developed ability to independently prioritize workload quickly and efficiently to meet strict deadlines with multiple projects
• Extremely detail-oriented with expert ability to work with and manage large amounts of data
• Ability to effectively communicate complex information both verbally and in writing to a wide variety of audiences, including senior management
• Strong interpersonal skills and ability to work effectively with colleagues in person and remotely
• Highly skilled in use of common desktop and web applications

Education
Required Qualifications

• Bachelor's degree in finance, accounting, economics, business administration, public administration, or related field.

Travel Requirements
5% Occasional travel

SPECIAL CONDITIONS

This position has been approved for a hybrid work arrangement. The person hired must report to work on-site at UC's Office of the President (UCOP) located in Oakland, CA, on Tuesdays and Wednesdays, subject to change. The person hired will be required to reside in the state of California.

SALARY AND BENEFITS

Job Title
Capital Markets Finance Officer 5

Job Code
000438

Salary Grade
Grade 26

Payscale:
$166,000 - $190,000, commensurate with experience.

Benefits: For information on the comprehensive benefits package offered by the University visit: Benefits of Belonging

ADDITIONAL INFORMATION

HOW TO APPLY

Please be prepared to attach a cover letter and resume with your application.

APPLICATION REVIEW DATE

The first review date for this job is October 22, 2025. The position will be open until filled.

CONDITIONS OF EMPLOYMENT

Background Check Process: Successful completion of a background check is required for this critical position. Background check process at UCOP

Smoke Free Work Environment: The University of California, Office of the President, is smoke & tobacco-free as of January 1, 2014. UC Smoke & Tobacco Free Policy

As a condition of employment, you will be required to comply with the University of California Policy on Vaccination Programs, as may be amended or revised from time to time. Federal, state, or local public health directives may impose additional requirements.

As a condition of employment, the finalist will be required to disclose if they are subject to any final administrative or judicial decisions within the last seven years determining that they committed any misconduct, are currently being investigated for misconduct, left a position during an investigation for alleged misconduct, or have filed an appeal with a previous employer.

• "Misconduct" means any violation of the policies or laws governing conduct at the applicant's previous place of employment, including, but not limited to, violations of policies or laws prohibiting sexual harassment, sexual assault, or other forms of harassment, discrimination, dishonesty, or unethical conduct, as defined by the employer.
  • UC Sexual Violence and Sexual Harassment Policy
  • UC Anti-Discrimination Policy for Employees, Students and Third Parties
  • APM - 035: Affirmative Action and Nondiscrimination in Employment

EEO STATEMENT

The University of California is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, protected veteran status, or other protected status under state or federal law.

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