Federal Loan & Grant Manager

Salary range is $80k to $175k, with a midpoint of $125k.  New hires typically receive between minimum and midpoint, however, we may go slightly higher based on experience, internal equity and market.

Sound Transit also offers a competitive benefits package with a wide range of offerings, including:

• Health Benefits: We offer two choices of medical plans, a dental plan, and a vision plan all at no cost for employee coverage; comprehensive benefits for employees and eligible dependents, including a spouse or domestic partner.
• Long-Term Disability and Life Insurance.
• Employee Assistance Program.
• Retirement Plans: 401a – 10% of employee contribution with a 12% match by Sound Transit; 457b – up to IRS maximum (employee only contribution).
• Paid Time Off: Employees accrue 25 days of paid time off annually with increases at four, eight and twelve years of service. Employees at the director level and up accrue additional days. We also observe 12 paid holidays and provide up to 2 paid floating holidays and up to 2 paid volunteer days per year.
• Parental Leave: 12 weeks of parental leave for new parents.
• Pet Insurance.
• ORCA Card: All full-time employees will receive an ORCA card at no cost.
• Tuition Reimbursement: Sound Transit will pay up to $5,000 annually for approved tuition expenses.
• Inclusive Reproductive Health Support Services.
• Compensation Practices: We offer competitive salaries based on market rates and internal equity. In addition to compensation and benefits, you’ll find that we provide work-life balance, opportunities for professional development and recognition from your colleagues.

GENERAL PURPOSE: 

Under general direction, the Federal Loan & Grant Manager manages the Agency’s Federal loan program and elements of the Grants Division work plan. Works collaboratively with internal business partners, legal, financial planning & analysis (FP&A), and accounting teams to support the Agency’s financing initiatives. Manages relationships with external partners and stakeholders such as the US Department of Transportation (USDOT), Build America Bureau (BAB), and Federal Transit Administration (FTA). Manages all aspects of the Agency’s Federal loan program by serving as the main point of contact with internal and external parties related to Federal loans and is a key technical and financial resource needed to ensure success of the program. Leads and assists administering elements of the Agency’s grant program, including, but not limited to managing and developing grant revenue forecasts, annual grant revenue budget and targets, grant application development, agency compliance related to Federal loans and grants, and other post-award functions.

ESSENTIAL FUNCTIONS:

The following duties are a representative summary of the primary duties and responsibilities. Incumbent(s) may not be required to perform all duties listed and may be required to perform additional, position-specific duties.

• Manage the Agency’s Federal loan (TIFIA/RRIF) program including development of a strategic plan(s) and program of projects; develop Federal loan Letter of Interests (LOIs) and applications, manage loan closing processes and procedures, and development of Federal loan agreements.
• Advises leadership and makes recommendations on federal loan strategy.
• Manages, delegates, and prioritizes loan agreement compliance tasks, including completion of all internal and external reporting requirements as well as any pre-award functions and eligibility requirements.
• Manages partnerships with federal stakeholders such as the Build America Bureau and Federal Transit Administration as it relates to loan development and execution.
• Acts as single point of contact for the Agency’s Federal loan program for various Sound Transit departments that continuously provide reports, certificates, and other compliance documents for submittal to Build America Bureau and Federal Transit Administration.
• Manages development and maintenance of policies and procedures related to the Federal loan program ensuring they are current and accurate.
• Leads development of annual grant revenue budget, grant revenue and cash flow forecasting, including reporting status to leadership. Develops methodologies and processes for collecting transit service data applicable to grant funding.
• Leads development and management of a reporting system (da