This is an outstanding opportunity to be involved with an exceptional group of organizations and leadership/management team in the ongoing management of over $35 billion of debt for New York City. This is a significant financial management and accounting position that will stimulate the creative brainpower of the selected candidate.

For consideration, candidates should have substantial experience in accounting, auditing  and financial reporting, for one or more debt-issuing entity or entities. Comparable private sector experience may be substituted for governmental experience, but candidates must possess and demonstrate a comprehensive understanding of governmental accounting and reporting rules and practices. A Certified Public Accountant (CPA) is strongly preferred.

Appropriate background would be individuals who have successfully served as a comptroller or deputy/assistant comptroller of (or in a similar accounting and reporting management role in) a mid-sized general purpose government or in a large governmental authority/enterprise, both with substantial debt issuances and the preparation of financial statements.

Residency in New York City (i.e., one of the five boroughs) of the successful candidate within 90 days following date of appointment will be greatly preferred.

The New York City Municipal Water Finance Authority (the “Authority”) is seeking an experienced hands-on professional to manage the accounting and reporting and related functions of a group of seven separate financing entities (collectively referred to as the “New York City Bond Financing Entities” or the “Entities”) which issue or have issued bonds to benefit the City of New York (the “City”). The operations and management of the Entities are closely coordinated with the City’s financing operations.  They share office space with the City’s Office of Management & Budget (“OMB”), several officers of each Entity are employees of OMB, and the Director of Management and Budget serves as Chairman of each Entity’s Board of Directors.

Working with the Entities’ Comptroller and Deputy Comptroller, the Assistant Comptroller will have broad responsibilities for critical day-to-day operations including overseeing very large dollar value transactions.

New York City (the “City”) is the largest city in the State of New York and the largest city in the United States. The center of the New York metropolitan area ranks among the largest urban areas in the world. For more than a century, it has been one of the world’s major centers of commerce and finance. New York City is rated as an alpha world city for its global influences in media, politics, education, entertainment and fashion. The City’s cultural centers for arts are among the nation’s most influential. The City is a major center for foreign affairs, hosting the headquarters of the United Nations. 

New York City is comprised of five boroughs,  The Bronx, Brooklyn, Manhattan, Queens and Staten Island. With over 8.2 million residents within an area of 322 square miles, New York City is the second most densely populated city in the United States.

The New York City Municipal Water Finance Authority (“NYW”) is a public benefit corporation created in 1985 pursuant to the New York City Municipal Water Finance Authority Act (the “Act”). NYW is a financing entity whose purpose is to finance the capital needs of the water and sewer system of the City of New York (the “System”) which is operated by the New York City Department of Environmental Protection. NYW is governed by a seven member board of directors. The primary objective of NYW is to provide water and sewer financing in the most efficient and cost-effective manner possible.  The Authority occupies office space within the New York City Office of Management and Budget in lower Manhattan. 

A legally separate entity, The New York City Water Board (consisting of seven members appointed by the Mayor of the City) sets water and sewer rates sufficient to pay debt service and all other costs of operating and financing the System.

The starting salary for the new Assistant Comptroller position will be market competitive depending upon the experience and qualifications of the successful candidate. The expected starting salary range is $110,000 to $135,000 per annum plus pension and benefits package equivalent to those of City employees.

Confidential resumes should be sent by close of business February 8, 2008, to James L. Mercer, President, The Mercer Group, Inc., 5579B Chamblee Dunwoody Road, #511, Atlanta, GA 30338.  Voice: 770-551-0403; Fax: 770-399-9749. E-Mail: mercer@mindspring.com; Website: www.mercergroupinc.com.  The City of New York is an Equal Opportunity Employer.  Minority and Female Candidates are Encouraged to Apply.