Analyst; Structured Products Group

This position is based in our Philadelphia, PA office and may work a hybrid work arrangement; travel to client sites may be required on occasion.

The Analyst or Senior Analyst will support our Structured Products Group, assisting with research, analysis, and execution of investment strategies for municipal bond proceeds and marketing / RFP support. Successful candidates will be expected to be nimble in a fast-paced environment in which they are given significant responsibility working across a wide range of clients and projects.

RESPONSIBILITIES

Review bond documents for permitted investments, valuation methodologies, flows of funds, and other factors that drive investment analysis and recommendations.
Build the documentation necessary for complex financial transactions including bidding specifications and/or term sheets, bidding agent certificates, pricing analysis reports, and other work products required by our clients and their bond/tax counsel.
Assist with the development of contracts, invoices, and business analytics.
Proficiently use DBC PortOpt® software for a broad range of municipal bond structures and bond proceeds investment strategies.
Create and manage Excel spreadsheets and models for analyzing investment alternatives and presenting various scenarios.
Use Excel, visual basic & macros to optimize modeling and quantitative analysis in an efficient manner.
Support client marketing and proposal efforts through the development of analysis and corresponding presentation materials.
Organize, prioritize, and schedule work for each client project and/or financing transaction.
Work seamlessly with team members who travel frequently, have varying levels of in-office presence, and may be based in different offices.
Coordinate information flow between staff, clients, and PFM project managers throughout the country.
Complete assignments in a timely manner and communicate assignment progress with internal staff on a regular basis.

MINIMUM QUALIFICATIONS

Bachelor's degree from an accredited college/university (minimum GPA of 3.5 preferred).
Commitment to ethical conduct and serving client needs ahead of your own.
Ability to be productive both independently and in a team environment.
Intellectual curiosity and a flexible schedule to accommodate a demanding work environment.
Demonstrated interest in the capital markets with strong quantitative and analytical skills.
MSRB Series 50 certification or ability to obtain certification within approximately four months of hire with assistance from PFM.
Authorization to work in the U.S. for any employer without visa sponsorship now or in the future.
Expertise with MS Office applications including Outlook, Word, Excel, and PowerPoint.

Other Qualifications

Outstanding teamwork and project execution skills with ability to manage multiple tasks and adapt to a changing, fast-paced environment.
Detail oriented with strong work ethic and organization skills.
Excellent verbal and written communication skills for interaction with clients, prospects, external partners, managers, and colleagues.
Prior experience writing and developing macros in Excel to automate models preferred, but not required.
Ability to take ownership of assigned tasks, following up as necessary, and managing up as appropriate to ensure completion.
Willingness to learn a specialized financial field and continually increase knowledge and responsibilities.

FIRM OVERVIEW

PFM is a recognized national leader in providing financial and consulting advice to public sector, non-profit and other institutional entities. For more than fifty years, PFM has advised many of the country’s largest municipal and institutional entities including states, counties, municipalities, townships, boroughs, authorities, school districts, not-for-profit organizations, and pension funds. The firm has more than 350 employees located in every region of the country.

PRACTICE OVERVIEW

PFM’s Structured Products Group (the “SPG”) provides a comprehensive set of services related to bond proceeds investments including the competitive procurement of securities for escrows, construction accounts, capitalized interest funds, reserve funds, etc. For each client, we carefully consider their investment objectives, permitted investments, liquidity needs, and arbitrage rebate and yield restriction constraints (as applicable). We draw on live market information from Bloomberg and utilize a combination of Excel models and portfolio optimization software to develop sample portfolios and breakeven analyses (as applicable) to evaluate with our clients. Based upon the feedback we receive, we develop a customized investment strategy that may utilize United States Treasury Securities, State and Local Government Series (“SLGS”), open-market securities such as Treasury Notes, or a combination of the two. Open-market securities are procured on a competitive basis in an attempt to achieve the best possible pricing while also providing thorough documentation of the process conducted.

COMPENSATION | The Analyst or Senior Analyst is eligible to receive robust total rewards including generous flexible paid time off, tuition reimbursement, student loan repayment, relocation assistance, performance-based bonuses, 401k retirement plan with employer match and annual profit-sharing opportunity, medical/dental/vision insurance, health and wellness benefits, and disability and life insurance. PFM not only supports work/life balance but also a challenging, diverse, and collaborative workplace, a formal mentorship program, volunteer opportunities, and much more.

The anticipated base salary for the Analyst role is $72,000. For applicants with relevant experience, the anticipated base salary for the Senior Analyst role is between $80,000 - $90,000; this position is eligible for annual performance-based bonuses. Actual compensation is influenced by a variety of factors including but not limited to skills, experience, qualifications, and geographic location.

If you are ready to experience the challenge, satisfaction, and reward of an opportunity with PFM, please apply here, or refer a qualified candidate.

PFM is not offering visa sponsorship for this position.

PFM 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, protected veteran status, or any other characteristic protected by law. PFM maintains a drug-free workplace. If you need assistance or accommodation due to a disability at any time during the application or hiring process, contact hrteam@pfm.com or call (215) 567-6100. Please note, this contact information is for accommodation requests only and should not be used for application status updates or other inquiries.