The Municipal Finance Authority of British Columbia (MFABC) is a co-operative entity, independent from the Province of British Columbia, which operates under the governance of a Board of Members appointed from the various Regional Districts within the province.
MFABC's mission is to finance municipal infrastructure and provide other low-cost and reliable financial solutions exclusively for BC’s local governments. We help local governments by enhancing the capacity of their finance staff, enabling efficiency, reducing their financial risks, and lowering costs.
Current Opportunities
FINANCIAL ANALYST
Position Summary:
Under the direction of the Portfolio Manager (“PM”), the Financial Analyst (“FA”) is responsible for weekly commercial paper auctions and related protocols and supporting long-term debenture issuance. This role helps the PM execute the investing requirements of the long-term and short-term investment portfolios and confirms that transaction records are in place, accurate and according to established protocols and policies.
Other responsibilities include investor relations support, rating agency preparation, ad-hoc project work and backing up the PM when required. The full job description can be found here.
What we offer:
- Competitive wages
- Comprehensive benefits plan
- Pension plan
- Generous vacation allowance
- Professional development and educational opportunities
- Bus pass and parking availability
- Work-from-home Mondays/Fridays
What you will be doing:
- Executes the weekly short-term commercial paper program including the investment of surplus short-term funds
- Supports MFA primary bond issuance activity including managing the early order process and exempt list, bond pricing support, investor feedback and allocations, rating agency information and Bloomberg ESG
- The FA is responsible for analyzing, recommending, and implementing a fixed income portfolio strategy for the Debt Reserve Fund and Strategic Retention Fund
- Supports MFA investor relations through implementation of multiyear investor relations plan, and preparation of investor presentation materials
- Supports timely administration of the funding and lending programs through communication of information to key stakeholders including Stats Canada (borrowing / lending activity) and clients (indicative lending rates, status of loans, issue highlights etc.)
What you need to bring:
- An undergraduate degree in Finance, Commerce, Business Administration, Economics, Mathematics or other relevant area
- Chartered Professional Accountant (CPA) designation and/or Chartered Financial Analyst (CFA) designation would be beneficial but not necessary
- Knowledge and/or direct working experience in fixed income is considered valuable
- Exceptional attention to detail and drive for accuracy
- Excellent communication and interpersonal skills, with the desire to work collaboratively
- Intermediate proficiency in Excel, Bloomberg, spread sheet analytics and cash flow modelling is considered valuable but not a requirement
- Demonstrated resourcefulness and initiative, taking responsibility to learn independently and bring solutions forward when issues are identified
Additional Information:
- This will be a full-time, on-site position that operates on a Monday-Friday schedule. As mentioned above, MFA provides employees with the opportunity to work from home on Mondays and Fridays.
Application Instructions:
If the Financial Analyst role sounds like a position you are interested in, we want to hear from you! Please email a cover letter and resume to HR@mfa.bc.ca
This position will remain open until the end of day on Apr 28th, 2023.