JOB PURPOSE:
To support the Manager in conducting activities in relation to satisfying the financing of Government’s borrowing requirements having regard to the approved debt strategy. This involves the preparation for the issuance of debt securities in the Central Securities Depository (CSD) and the execution of loans from multi-lateral, bilateral and commercial institutions.
KEY RESPONSIBILITIES:
To evaluate debt strategies/policies
- Analyze projections of funding needs (in partnership with the middle office and Fiscal Policy Monitoring Unit (FPMU)) and provide input for funding strategies;
- Analyze proposed debt strategies and make recommendations as necessary; Design debt instruments;
- Assist in preparation of such publications as debt strategy papers and budget memorandum
- Contribute to government policy initiatives to foster the development of the domestic bond markets.
To assist in the conduct of loans negotiations
- Interface with the Loan Administration and Monitoring and Disbursement Unit (LAMDU), Planning Institute of Jamaica (PIOJ) and lenders/donors in the negotiating stage of projects;
- Advise and support LAMDU in loan negotiations;
- Review draft loan agreement related documents and comment as necessary;
- Prepare draft briefs for the Minster, Cabinet and Parliament;
- Ensure that Signed Loan Agreement are documented and copies submitted
- to Accountant General, lending agencies and executing agency.
To participate in the conduct of borrowing activities in the domestic and international capital markets
- Update debt data for inclusion in the prospectus on Jamaica that details a situation analysis of the socio-economic condition with particular reference to the performance of the economy;
- Conduct pricing of guarantees and other contingent liabilities and methodologies for evaluating expected cost (with middle office staff);
- Assist in administering formal/informal market surveys to determine the expectations of investors e.g. Interest rates and maturity rates etc;
- Assist in the preparation of documentation for the offering memorandum issued in the international capital markets;
- Prepare analytical reports based on research and analysis in all the markets in which government can source funding including an assessment of the instruments available in both domestic and international capital markets and make recommendations.
To analyze financing proposals
- Evaluate financing proposals and make recommendations;
- Develop financing matrix for both domestic and international markets;
- Prepare analytical reports and other relevant documentation for submission to Debt Financing Committee (DFC).
To prepare reports and provide inputs in the production of other reports and publications
- Monitor and report on market conditions including different financial markets and market participants in both domestic and international;
- Prepare report on market developments;
- Provide analysis of potential investor base both domestic and international;
- Contribute to the preparation of such publications as debt strategy papers and Budget Memorandum;
- Participate in the preparation of quarterly debt development report.
Authority (decision you have the power to make or recommend)
- Design and recommend debt instruments;
- Recommend the most cost effective financing options.
REQUIRED COMPETENCIES:
- Good knowledge of multi-lateral and bilateral loans/or of auctions, syndications and commercial loans.
- Good knowledge of public sector operations.
- Sound knowledge of capital markets.
- Sound knowledge of Government’s Securities Market.
- Sound knowledge of Investment Portfolio Management.
- Knowledge of legislation and legal procedures pertaining to investments.
- Proficient knowledge of Microsoft Suite including Word and Excel.
- Risk management
- Analytical ability
- Problem solving analysis
- Relevant job knowledge
- Interpersonal skills
- Use of technology
QUALIFICATION & EXPERIENCE:
- Bachelor’s Degree in Economics or equivalent qualification;
- Two – three (2-3) years’ experience in a related field.
We thank all applicants for the interest expressed; however, only shortlisted candidates will be contacted.
