Debt Compliance Specialist

University of Illinois System
University of Illinois System

Compliance / Regulatory

Urbana, IL, USA

Posted on Aug 8, 2026
Perform and monitor compliance activities related to debt financed facilities in accordance with University policies, IRS rules, and SEC regulations. Maintain compliance with various disclosure requirements as established by IRS, SEC and other regulatory agencies, including annual continuing disclosure filings and regular compliance monitoring and reporting for SEC rule 15c2-12, such as the Continuing Disclosure Agreements, SEC Rule 15(c)2-12, and other event-based disclosures. Manage the University's annual Private Business Use (PBU) compliance program by continually monitoring and calculating permissible private business use of facilities financed with tax-exempt debt. Prepare and review complex reports pertaining to bond issuances; including the preliminary official statements and official statements, DBC cash flow reports, bond resolutions, tax certificates, and continuing disclosure agreements. Review and comment on Public-Private Partnership (P3) financing documents, including ground leases, subleases, loan agreements, and other legal and financing documents Monitor and administer the University's Internal Loan Program, including compliance monitoring, reporting, and analysis to ensure adherence to University policies, loan agreements, and other contractual requirements. Provide critical fiscal year-end support for the external audit, preparing confirmation letters, documenting covenant compliance, and producing complex financial reports Ensure compliance requirements are met by updating and maintaining internal monitoring spreadsheet tools, such as bond covenant tickler and arbitrage rebate tickler. Provide analytical support on credit analysis and financial modeling projects. These initiatives include developing, maintaining, and documenting analytical tools and financial models using Excel spreadsheets, Access databases, and other software platforms. Prepare and conduct financial analyses for capital projects financed with either internal or external financing. Participate in bond structuring and issuance activities as part of the University's internal financing team, including interaction with members of the external financing team (i.e., attorneys, financial advisors, and investment bankers). Provide analysis and support for activities related to credit ratings, including the development of presentations to rating agencies. Review and monitor compliance with third party financing arrangements regarding continuous budget monitoring, reconciliation, and deadlines to ensure covenants and partnership commitments are being met. Other duties appropriate for a Debt Compliance Coordinator.