Director of Debt Management

Director of Debt Management

Date Posted: Oct 22, 2026

Requisition ID: 486052

Location:

Indianapolis, IN, US, 46204

Work for Indiana

Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.

About Indiana Finance Authority:

In order to provide economic efficiencies and management synergies and enable the State of Indiana ("State") to communicate as one voice with the various participants in the financial markets, the Indiana Development Finance Authority, the State Office Building Commission, the Indiana Transportation Finance Authority, the Recreational Development Commission, the State Revolving Fund Programs and the Indiana Brownfields Program were consolidated into a new and separate entity called the Indiana Finance Authority ("IFA") on May 15, 2005. The Indiana Health and Educational Facilities Finance Authority was also merged into the IFA, effective July 1, 2007.

Role Overview:

The Debt Manager position monitors and manages existing debt and new debt issuance at the IFA with the goal of minimizing debt service costs. The position is involved in all aspects of debt issued by the IFA including evaluation of structures, pricing and closing bond deals, ongoing monitoring, continuing disclosure, reviewing financial proposals, and managing banking relationships.

Salary:

The salary for this position may be commensurate with education and work experience. Use our Compensation Calculator (https://in.accessgov.com/spd/Forms/Page/spd/compensation-calculator/0) to view the total compensation package.

A Day in the Life:

Responsibilities Include:

• Minimize the IFA’s debt service costs and associated risks via efficient and effective debt management practices.

• Provide the Public Finance Director with comprehensive analysis and recommendations necessary to make financing decisions, given current market conditions and input from underwriters and financial advisors.

• Manage reporting related to the IFA’s debt portfolio, Public Private Partnerships (P3’s), including the State Indebtedness summary in Appendix A of the IFA’s offering documents, debt-related portions of the IFA’s annual audit, the State’s credit rating agency presentations, etc.

• Manage external relationships of the IFA, including bankers and financial advisors, to ensure proper support levels.

• Assist Public Finance Director with IFA investments

• Partner with CFO for financial statements, audit, etc.

This position is exempt from overtime compensation for additional work hours which may be required to complete essential functions or other assigned work. Exempt employees may work more than 75 hours in a pay period without additional compensation and must report a minimum of 75 hours per pay period of work hours and/or paid leave taken to receive their base biweekly salary.

What You'll Need for Success:

• Professional and or educational experience relating to financial markets, credit analysis, and/or investments

• Municipal finance experience preferred

• CFA and/or MBA helpful

• Strong written, presentation, and organizational skills

• Must be a self-starter and be able to work independently

• Proficient in Microsoft Excel, Word, and PowerPoint

• Experience with Bloomberg preferred

• Exercise good judgment and maturity as a visible representative of the State

Supervisory Responsibilities/Direct Reports:

This role may be utilized in a supervisory capacity based on agency needs.

Benefits of Employment with the State of Indiana:

The State of Indiana offers a comprehensive benefit package for full-time employees which includes:

• Three (3) medical plan options (including RX coverage) as well as vision and dental plans

• Wellness Rewards Program: Complete wellness activities to earn gift card rewards

• Health savings account, which includes bi-weekly state contribution

• Deferred compensation 457(b) account (similar to 401(k) plan) with employer match

• Two (2) fully-funded pension plan options

• A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:

• 150 hours of paid New Parent Leave and up to eight weeks of paid Childbirth Recovery Leave for eligible mothers

• Up to 15 hours of paid community service leave

• Combined 180 hours of paid vacation, personal, and sick leave time off

• 12 paid holidays, 14 on election years

• Education Reimbursement Program

• Group life insurance

• Referral Bonus program

• Employee assistance program that allows for covered behavioral health visits

• Qualified employer for the Public Service Loan Forgiveness Program

• Free Parking for most positions

• Free LinkedIn Learning access

Equal Employment Opportunity:

The State of Indiana is an Equal Opportunity Employer and is committed to recruiting, selecting, developing, and promoting employees based on individual ability and job performance. Reasonable accommodations may be available to enable individuals with disabilities to complete the application and interview process as well as perform the essential functions of a role. If you require reasonable accommodations to complete this application, you can request assistance by contacting the Indiana State Personnel Department at [email protected].

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