ASST COMMISSIONER

JOB ANNOUNCEMENT

Assistant Commissioner

Department of Finance

(Financial Policy)

Number of Positions: 1

(Additional vacancies possible pending budget approval)

Salary Range: $125,316 - $141,660

Applications for this position will be accepted until 11:59 pm CDT on 11/27/2026

The Assistant Commissioner serves as the debt manager responsible for overseeing all aspects of the outstanding debt service portfolio across all City credits, including General Obligation, Water System, Wastewater Transmission System, O'Hare Airport, Midway Airport, and the Sales Tax Securitization Corporation.

The primary responsibility is the coordination of the successful and orderly issuance of City debt in close collaboration with other City departments as well as outside financial advisors, bond counsel, rating agencies, and investment banks.

The position's duties also encompass long-term financial planning, capital improvement plan projections, management of short-term borrowing facilities, and responsibility for continuing compliance, including material event disclosure, annual financial disclosure, IRS arbitrage rebate reporting, and occasional IRS audit examinations of outstanding bond series.

Essential duties

• Oversees the debt management program through coordinating debt issuance requirements, including disclosures and terms and conditions.
• Coordinates preparation of disclosure documentation with the project team consisting of staff throughout the City as well as external legal and municipal advisors, and financial institutions.
• Analyzes benefits and risks of financial products, including preparing and reviewing technical analyses; works with CFO staff and external financial advisors to assess suitability of proposed financial products.
• Reviews debt portfolio to address new and changing business requirements and market conditions.
• Prepares Requests for Proposals and Requests for Information for financial services and evaluates responses.
• Provides written reports and presentations.
• Performs other related duties as assigned.
• Prepares comprehensive reports, dashboards, and briefings for departmental leadership
• Serves as a liaison with operating departments, governmental agencies, and private consultants participating in collaborative projects
• Stays abreast of relevant laws and regulations pertinent to program division or program operations

Note: The list of essential duties is not intended to be inclusive; there may be other duties that are essential to particular positions within the class.

Location: 121 N LaSalle

Days: Monday - Friday

Hours: 8:30 - 4:30

THIS POSITION IS NOT IN CAREER SERVICE

Minimum qualifications

Education, Training, and Experience

• Nine (9) years of experience related to the responsibilities of the position, of which at least two (2) years must be in a supervisory or supervisory-equivalent role as defined below by any of the following:
  • direct supervision of staff (e.g., assigning and reviewing work, approving time off requests, preparing performance evaluations, hiring and discipline, etc.);
  • working as a project or program manager;
  • performing functional oversight (e.g., coordinating or directing the work of others, working as a senior or team lead), OR
• Graduation from an accredited college with an Associate's degree in a field related to the duties performed, including seven (7) years of work experience related to the position, of which at least two (2) years must be in a supervisory or supervisory-equivalent role as defined below by any of the following:
  • direct supervision of staff (e.g., assigning and reviewing work, approving time off requests, preparing performance evaluations, hiring and discipline, etc.);
  • working as a project or program manager;
  • performing functional oversight (e.g., coordinating or directing the work of others, working as a senior or team lead), OR
• Graduation from an accredited college or university with a Bachelor's degree in a field related to the duties performed, including five (5) years of work experience related to the position, of which at least two (2) years must be supervisory or supervisory-equivalent role as defined below by any of the following:
  • direct supervision of staff (e.g., assigning and reviewing work, approving time off requests, preparing performance evaluations, hiring and discipline, etc.);
  • working as a project or program manager;
  • performing functional oversight (e.g., coordinating or directing the work of others, working as a senior or team lead), OR
• Graduation from an accredited college or university with a Master's degree or higher in a field related to the duties performed, including four (4) years of work experience related to the position, of which at least two (2) years must be in a supervisory or supervisory-equivalent role as defined below by any of the following.
  • direct supervision of staff (e.g., assigning and reviewing work, approving time off requests, preparing performance evaluations, hiring and discipline, etc.);
  • working as a project or program manager;
  • performing functional oversight (e.g., coordinating or directing the work of others, working as a senior or team lead)

Educational & Employment Verification:

Please be advised that if you are selected to be hired, you must provide, upon request, adequate information regarding your education and employment history as it relates to the qualifications of the position for which you are applying. If you received your degree internationally, all international transcripts/diplomas must be accompanied by a Foreign Credential Evaluation. If the City of Chicago cannot verify this information, any offer extended to you will be withdrawn and you will not be hired.

SELECTION REQUIREMENTS

This position requires applicants to successfully complete an interview. The interviewed candidate(s) who possess the qualifications best suited to fulfill the responsibilities of the position will be selected.

For Information on our employees' benefits, please visit our benefits website at:

https://www.chicago.gov/city/en/depts/fin/benefits-office.html

For Information on our salary and title structure, visit our classifications website at:

City of Chicago :: Classification and Pay Plan

APPLICATION EVALUATION: Initial evaluation will be based on information provided on the application and the documents submitted. Department of Human Resources staff will review applications after the final posting date. Staff will follow any and all required Employment/Hiring Plan provisions, federal, state, and local laws, and Collective Bargaining Agreements when applicable. Staff will apply hiring preferences as required by the municipal code. Placement on an eligibility list is not an offer or guarantee of an interview or employment with the City of Chicago.

COMMITMENT TO DIVERSITY: To further our commitment to hiring applicants with diverse experience, the City of Chicago has adopted the following ordinances 2-74-020 and 2-74-075. The ordinances provide a preference to applicants who meet minimum qualifications and who are veterans of the Armed Forces, and/or residents of Socio-Economically Disadvantaged Areas (SEDA), and/or Chicago Public School (CPS) high school graduates, to be referred to departments for consideration. These hiring preferences do not apply to bidders, as Collective Bargaining Agreements define the hiring process for bidders. For positions covered by a collective bargaining agreement, bidders will be considered before external candidates. To learn more about our hiring practices, click here.

ALL REFERENCES TO POLITICAL SPONSORSHIP OR RECOMMENDATION MUST BE OMITTED FROM ALL APPLICATION MATERIALS SUBMITTED FOR CITY EMPLOYMENT.

The City of Chicago is an Equal Employment Opportunity, Military Friendly, and Fair Chance Employer.

City of Chicago

Brandon Johnson, Mayor