Job Description
Overview
Work Type: Ongoing - Full-time
Salary: $113,022 - $136,747
Grade: VPS 5
Occupation: Accounting, finance and procurement
Location: Melbourne - CBD and Inner Metro suburbs
Reference: 10277
About the role
The Senior Financial Analyst leads complex credit assessments and financial modelling for loan and guarantee proposals as part of AHIP.
The role is responsible for assessing structured project finance transactions, including detailed financial model interrogation, scenario and sensitivity analysis, covenant testing, and credit risk structuring. The position provides independent, technically rigorous advice to support Government lending decisions and safeguard the State’s financial interests.
The role also contributes to the ongoing monitoring of a maturing loan portfolio, including analysis of covenant compliance, refinancing risk, liquidity management and emerging credit exposures.
About Us
Department of Treasury and Finance (DTF) serves the government by providing leadership in economic, financial and resource management. We influence outcomes that can have a real impact on people’s lives. We strive for excellence in financial and economic management to improve the lives of all Victorians. We value our people and motivate them to lead, influence, collaborate and innovate.
DTF upholds and demonstrates the values of the VPS and is the embodiment of VPS leadership. DTF’s values are adopted from the Public Administration Act 2004:
Leadership
Integrity
Responsiveness
Impartiality
Accountability
Respect
Commitment to Human Rights
About the Branch/Group
The Financial Assets and Liabilities and Workplace Safety Group (FALWSG) sits within DTF’s Commercial Division. FALWSG provides advice and reports on the State’s financial assets and liabilities and associated financial risks and workplace safety related matters. FALWSG is made up of three teams, including Balance Sheet Management, Financial Policy and Workplace Safety Reform.
This role is in the Balance Sheet Management team to support the delivery of Affordable Housing Investment Partnerships (AHIP).
AHIP is a $2.1 billion Victorian Government initiative that makes low interest rate finance and government guarantees available for social and affordable housing projects. You can find out more about AHIP at https://www.vic.gov.au/ahip.
Balance Sheet Management
While the Balance Sheet Management team is responsible for implementing AHIP, it is also responsible for managing the State’s cash and banking system, funding requirements for State and Government businesses and providing advice to the Treasurer on borrowing and guarantee requests from Government businesses. The team also closely manages relationships with the credit rating agencies that rate the State, monitoring key metrics and advising on implications for the State’s fiscal and debt management strategies.
About the Role
The Senior Financial Analyst leads complex credit assessments and financial modelling for loan and guarantee proposals as part of AHIP.
The role is responsible for assessing structured project finance transactions, including detailed financial model interrogation, scenario and sensitivity analysis, covenant testing, and credit risk structuring. The position provides independent, technically rigorous advice to support Government lending decisions and safeguard the State’s financial interests.
The role also contributes to the ongoing monitoring of a maturing loan portfolio, including analysis of covenant compliance, refinancing risk, liquidity management and emerging credit exposures.
Key Accountabilities
Lead detailed credit risk assessments of structured lending transactions, including project finance-style developments, availability payment-backed facilities and corporate borrower facilities.
Critically review and interrogate complex financial models, including testing of key assumptions, debt sizing, covenant compliance (ICR, DSCR, LVR, SCR), refinancing risk and cash flow sustainability.
Develop and run independent sensitivity and downside scenario analysis including on key modelling assumptions such as interest rates, CPI, vacancy rates, refinancing risk and/or principal repayment profiles.
Produce high-quality written reports and briefs, including credit assessments, working papers and other documents as required.
Communicate complex concepts as part of the program administration and credit risk assessment process and develop constructive working relationships with stakeholders.
Contribute to credit assessment discussions with borrowers and commercial advisors, including in relation to interest rate strategies, amortisation profiles, security arrangements and mitigation strategies.
Contribute positively to team culture and foster a collaborative team environment.
Participate and contribute to planning and decision-making for the team to deliver outcomes.
About You
We are seeking applicants who have demonstrated experience from the following criteria: Conceptual, analytical and problem-solving skills. Demonstrated experience analysing complex financial models in a project finance, PPP, infrastructure, structured finance, corporate banking or advisory context. Strong understanding of debt structuring, availability payment-based lending, cash flow forecasting, covenant analysis and refinancing risk analysis. Ability to identify weaknesses in assumptions, stress-test financial models and form independent views in relation to credit risk.
Influence and responsiveness. Proven ability to translate complex financial analysis into clear, structured written advice for senior stakeholders. Experience presenting credit or investment recommendations in high-stakes environments is desirable.
Leadership and teamwork. Experience working within a team and supporting others to pursue common goals. Take responsibility for decisions and actions, employ empathy to lead others in high pressure situations and supports and mentors team members to achieve goals.
Attention to detail. Strong financial modelling literacy and ability to detect errors, inconsistencies or weaknesses in financial models under tight timeframes.
Innovation focus. Focus on understanding and supporting team and organisational practices, including identifying and implementing changes to strengthen organisational culture, improve efficiency and reduce workplace stress.
This role is an ongoing position. This position is only open to applicants with relevant rights to work in Australia.
You must be an Australian citizen, as this role requires a security clearance.
For more information, please see the Position Description
How to apply
Apply before the advertised closing date 11:59pm on 22 April 2026. All applications should include:
a resume; and
a cover letter which addresses the key selection criteria (within three pages).
Other relevant information
To be eligible for appointment to this role, applicants will possess corresponding work rights for the advertised employment period. Appointment to an ongoing role is only available to an Australian/New Zealand citizen or an Australian Permanent Resident. Preferred applicants will be required to undertake pre-employment screening. DTF actively promotes diversity, inclusion and an equal opportunity workplace. We welcome applicants from all diverse backgrounds, including people with disabilities and Aboriginal and Torres Strait Islander peoples. All roles at DTF can be worked flexibly, however it may differ
Applications close Wednesday 22 April 2026 at 11.59pm
Posted
8 April 2026
Work Type: Ongoing - Full-time
Salary: $113,022 - $136,747
Grade: VPS 5
Occupation: Accounting, finance and procurement
Location: Melbourne - CBD and Inner Metro suburbs
Reference: 10277
About the role
The Senior Financial Analyst leads complex credit assessments and financial modelling for loan and guarantee proposals as part of AHIP.
The role is responsible for assessing structured project finance transactions, including detailed financial model interrogation, scenario and sensitivity analysis, covenant testing, and credit risk structuring. The position provides independent, technically rigorous advice to support Government lending decisions and safeguard the State’s financial interests.
The role also contributes to the ongoing monitoring of a maturing loan portfolio, including analysis of covenant compliance, refinancing risk, liquidity management and emerging credit exposures.
About Us
Department of Treasury and Finance (DTF) serves the government by providing leadership in economic, financial and resource management. We influence outcomes that can have a real impact on people’s lives. We strive for excellence in financial and economic management to improve the lives of all Victorians. We value our people and motivate them to lead, influence, collaborate and innovate.
DTF upholds and demonstrates the values of the VPS and is the embodiment of VPS leadership. DTF’s values are adopted from the Public Administration Act 2004:
Leadership
Integrity
Responsiveness
Impartiality
Accountability
Respect
Commitment to Human Rights
About the Branch/Group
The Financial Assets and Liabilities and Workplace Safety Group (FALWSG) sits within DTF’s Commercial Division. FALWSG provides advice and reports on the State’s financial assets and liabilities and associated financial risks and workplace safety related matters. FALWSG is made up of three teams, including Balance Sheet Management, Financial Policy and Workplace Safety Reform.
This role is in the Balance Sheet Management team to support the delivery of Affordable Housing Investment Partnerships (AHIP).
AHIP is a $2.1 billion Victorian Government initiative that makes low interest rate finance and government guarantees available for social and affordable housing projects. You can find out more about AHIP at https://www.vic.gov.au/ahip.
Balance Sheet Management
While the Balance Sheet Management team is responsible for implementing AHIP, it is also responsible for managing the State’s cash and banking system, funding requirements for State and Government businesses and providing advice to the Treasurer on borrowing and guarantee requests from Government businesses. The team also closely manages relationships with the credit rating agencies that rate the State, monitoring key metrics and advising on implications for the State’s fiscal and debt management strategies.
About the Role
The Senior Financial Analyst leads complex credit assessments and financial modelling for loan and guarantee proposals as part of AHIP.
The role is responsible for assessing structured project finance transactions, including detailed financial model interrogation, scenario and sensitivity analysis, covenant testing, and credit risk structuring. The position provides independent, technically rigorous advice to support Government lending decisions and safeguard the State’s financial interests.
The role also contributes to the ongoing monitoring of a maturing loan portfolio, including analysis of covenant compliance, refinancing risk, liquidity management and emerging credit exposures.
Key Accountabilities
Lead detailed credit risk assessments of structured lending transactions, including project finance-style developments, availability payment-backed facilities and corporate borrower facilities.
Critically review and interrogate complex financial models, including testing of key assumptions, debt sizing, covenant compliance (ICR, DSCR, LVR, SCR), refinancing risk and cash flow sustainability.
Develop and run independent sensitivity and downside scenario analysis including on key modelling assumptions such as interest rates, CPI, vacancy rates, refinancing risk and/or principal repayment profiles.
Produce high-quality written reports and briefs, including credit assessments, working papers and other documents as required.
Communicate complex concepts as part of the program administration and credit risk assessment process and develop constructive working relationships with stakeholders.
Contribute to credit assessment discussions with borrowers and commercial advisors, including in relation to interest rate strategies, amortisation profiles, security arrangements and mitigation strategies.
Contribute positively to team culture and foster a collaborative team environment.
Participate and contribute to planning and decision-making for the team to deliver outcomes.
About You
We are seeking applicants who have demonstrated experience from the following criteria: Conceptual, analytical and problem-solving skills. Demonstrated experience analysing complex financial models in a project finance, PPP, infrastructure, structured finance, corporate banking or advisory context. Strong understanding of debt structuring, availability payment-based lending, cash flow forecasting, covenant analysis and refinancing risk analysis. Ability to identify weaknesses in assumptions, stress-test financial models and form independent views in relation to credit risk.
Influence and responsiveness. Proven ability to translate complex financial analysis into clear, structured written advice for senior stakeholders. Experience presenting credit or investment recommendations in high-stakes environments is desirable.
Leadership and teamwork. Experience working within a team and supporting others to pursue common goals. Take responsibility for decisions and actions, employ empathy to lead others in high pressure situations and supports and mentors team members to achieve goals.
Attention to detail. Strong financial modelling literacy and ability to detect errors, inconsistencies or weaknesses in financial models under tight timeframes.
Innovation focus. Focus on understanding and supporting team and organisational practices, including identifying and implementing changes to strengthen organisational culture, improve efficiency and reduce workplace stress.
This role is an ongoing position. This position is only open to applicants with relevant rights to work in Australia.
You must be an Australian citizen, as this role requires a security clearance.
For more information, please see the Position Description
How to apply
Apply before the advertised closing date 11:59pm on 22 April 2026. All applications should include:
a resume; and
a cover letter which addresses the key selection criteria (within three pages).
Other relevant information
To be eligible for appointment to this role, applicants will possess corresponding work rights for the advertised employment period. Appointment to an ongoing role is only available to an Australian/New Zealand citizen or an Australian Permanent Resident. Preferred applicants will be required to undertake pre-employment screening. DTF actively promotes diversity, inclusion and an equal opportunity workplace. We welcome applicants from all diverse backgrounds, including people with disabilities and Aboriginal and Torres Strait Islander peoples. All roles at DTF can be worked flexibly, however it may differ
Applications close Wednesday 22 April 2026 at 11.59pm
Posted
8 April 2026
💡 Quick Summary
Seeking a career-building opportunity? The Senior Financial Analyst position is now open for candidates interested in the Government Job Alert sector. This role in Melbourne offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Government Job Alert is a plus.
