Municipal Advisor Trainee

BankTalent HQ
Commesurate with Experience
United States, Massachusetts, Whitinsville
Jan 12, 2025
We have a Unique opportunity to join our team as a Municipal Advisor Trainee with our UFASI subsidiary. We are group of talented, professional individuals passionate about supporting our customers and co-workers. We're looking for someone who thrives in a position where delivering exceptional customer service is expected, who gets excited about learning new things, and wants to work in an environment where no two days will ever be the same. If being part of a team that gets to make a difference in their community is what you have been looking for - then come join us! Position Overview A Municipal Advisor is a licensed financial professional who provides their knowledge and expertise to a municipal entity as it relates to the issuance of municipal bonds and notes. As a participant in the Municipal Advisor Development Program you will be exposed to and ultimately be responsible for deal and client support to the UFASI team of Municipal Fiscal Advisors. With built in knowledge checkpoints over a twelve-month period, the program is designed to allow for on-the-job experience while participants study for the requisite certifications needed for continued growth in the Municipal Fiscal Advisory field. Essential Duties As a Municipal Advisor Trainee under the direction of the Sr. FAA you will assist with work related to the Municipal Bond process. Examples include: POS updating & distribution: Prepare Preliminary Official Statements (POS) for electronic distribution to market through financial printer. Note with disclosure processing: Perform all tasks necessary for note with disclosure sale processing, including but not limited to sale results distribution, preparing distribution list, preparing the final official statement, coordinating settlement instructions with underwriter and issuer. Bond sale processing: Perform all tasks necessary for successful bond sale, including but not limited to CUSIP application, proofing of bids, preparing distribution list, preparing the final official statement, coordinating settlement instructions with underwriter and issuer. Coordinates preparation of legal documents and the settlements of bonds/notes through DTC, coordinating with underwriter, bond counsel, paying agent. Create Post Sale report - analyzes comparable sales, current market rates and yields. Compiles client bill with appropriate fee per compliance. Assist the FA with work related to "state house" notes. Finalize note bid sheet and distribute to list of bidders. Finalize results sheet and distribute to list of bidders. Prepare municipal note forms and other related documentation. Works with Department of revenue staff to ensure note documents are correct. Create and send invoice to client. Compiles client bill with appropriate fee per compliance. Operational Tasks Prepare audit confirmations. Responsible to share in any or all of the following tasks: comparison reoffering, weekly check deposits, various scheduled and on demand reports, billing management, cancelled note disposition, IRS document fillings, paying agent duties, and general e-mailbox management. Continuing Disclosures Creation of initial draft. Updating the document Filing on EMMA (MSRB website) to meet appropriate deadlines per regulations. Create and send invoice to client. Other FA Assistance Be able to participate in responding to RFPs and SOQs request. Become proficient in UFASI core database and other electronic systems critical to debt issuance. Introduction into Official Statements with request for review and eventually data table input. May be asked to take lead in planning UFASI attendance at seminars, association meetings, etc. Knowledge, Skills, Education and Work Experience Associate's degree required, Bachelor's degree preferred. Prior professional office and/or finance-related experience helpful. Experience working in municipal or public finance helpful. Ability to prioritize tasks within defined responsibilities. Strong and accurate word processing skills ability to perform detailed assignments accurately, communicate effectively both verbally and in writing, and manage tasks in a deadline driven environment. Strong interpersonal and teamwork skills are needed. Must be organized and able to multi-task. Demonstrated computer literacy in all Microsoft applications is necessary for success, with a particular emphasis on Word and Excel Some knowledge of financial concepts (principal, interest, present value, etc.) helpful. NOTE: This position overview is not intended to be all-inclusive. Employees may perform other related duties as negotiated to meet the ongoing needs of the organization. About UniBank We are UniBank, a team of civic-minded financial professionals and all-around great people working together to enrich people, businesses and municipalities across New England. We don't abide by the doctrine of big, national banks. What we believe is different. What we believe is unique. We believe in our community. And we believe in the people who live here. We believe in committing time and financial support to local nonprofits. We believe in finding innovative solutions for affordable housing, community development and independent business. And yet, we are bankers. We are a mutual bank, owned by its customers, dedicated to local service. We are technology leaders. Since launching our first online payment platform in 2003, we've never stopped delivering the most effective technology to our customers. We are a unique blend of consumer, civic and business banking with more than 150 years of history. We are an exception to the rule. We are unique. Unique to people. Unique to business. Unique to local government. We are UniBank. Bank Different. Bank Unique. This position is not subject to SAFE Act Registration Requirements. Pursuant to the SAFE Act requirements, all applicants for employment who will be engaged in residential loan mortgage originations (as defined by the SAFE Act) must register with the federal registry system and maintain a status in good standing under the SAFE Act requirements All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, status as a veteran or as an individual with a disability. Participant in e-verify