Associate - Bond Administration
Job Posting: Associate – Bond Administration (Spring 2025 Graduates)
Location: Cincinnati, Ohio (In-Person)
Job Type: Two Full-Time Positions
Salary: $50,000 – $65,000 per year
About Us:
The Incentive Review Group (IRG) provides management and oversight services for public incentive districts to local governments, developers and school districts. Our team of experienced professionals are committed to delivering reliable and high-quality work to our clients. We respond to challenges with creative solutions, and maintain a continuous learning mindset. IRG offers a collaborative work environment where each team members ideas and contributions are valued. We are seeking a highly motivated Spring 2025 graduate to join our team as an Associate. This role will focus on the post-issuance administration of municipal bonds and other public incentive programs.
Job Summary:
This entry-level role is an excellent opportunity for Spring 2025 college graduates interested in municipal finance. As an Associate at IRG, you will assist with the post issuance administration of municipal bonds, and will focus on tracking and managing tax increment revenues, payments in lieu of taxes (PILOTs), and new community authority revenues in accordance with the governing documents for each incentive district and transaction. This position will offer recent graduates with valuable hands-on experience in municipal finance and public sector financial management.
Key Responsibilities:
- Monitor Revenues: Track tax increment revenues, PILOTs, and new community authority revenues to ensure compliance with the legislative documents.
- Prepare Reports: Assist in preparing regular financial reports for internal teams, external stakeholders, and auditors related to bond payments, revenue collections, and compliance.
- Coordinate Payments: Help coordinate payment schedules to ensure all required payments to bondholders, school districts, developers, and other stakeholders are processed correctly and on time.
- Financial Analysis: Support the analysis of revenue flows and bond repayment schedules to ensure adequate funds are available for bond payments and other expenses.
- Maintain Records and Resolve Issues: Keep detailed records for bond administration activities to ensure all data is accurate and up to date. Assist in identifying and resolving discrepancies or issues related to these activities.
- Collaboration: Work closely with senior finance and legal professionals to ensure full compliance with transaction documents and regulations.
- Ad-Hoc Tasks: Perform other financial analyses as needed, and assist with preparing financial summaries for various stakeholders, including government entities and bondholders.
- Series 50 Exam: Must pass the Series 50 (Municipal Advisory) exam within 6 months of starting the position. IRG will reimburse the cost of the Series 50 exam and any study materials after it has been successfully passed.
Qualifications:
- Bachelor’s degree in Finance, Accounting, Economics, or a related field (graduating Spring 2025 or Alumni).
- Strong interest in municipal finance, public sector finance, or bond administration.
- Familiarity with financial concepts such as tax increment financing, PILOT agreements, and municipal bonds is a plus but not required.
- Proficiency in Microsoft Excel is required; experience with financial modeling, data analysis, or other financial software is helpful.
- Strong attention to detail, organizational skills, and the ability to manage multiple tasks effectively.
- Excellent written and verbal communication skills.
- Eagerness to learn and grow in a collaborative team environment.
- Must pass the Series 50 exam within 6 months of starting the position.
What We Offer:
- A compensation structure including a salary ($50,000 - $65,000 per year), benefits package, and a discretionary bonus.
- PTO starting out in the amount of four week per year.
- Hands-on experience in municipal finance and post-issuance bond administration.
- A supportive team environment that fosters professional growth.
- Opportunities for career advancement within the organization.
- In-person work based out of Cincinnati, Ohio.
Incentive Review Group is an equal-opportunity employer and encourages applicants from diverse backgrounds to apply.