Director, Treasury

Salary : $134,971.20 - $219,128.00 Annually
Location : 390 Robert St. N St. Paul, MN
Job Type: Full-Time
Job Number: 2026-00321
Division: Regional Administration
Department: Treasury Function
Opening Date: 09/14/2026
Closing Date: 9/26/2026 11:59 PM Central


WHO WE ARE
The Metropolitan Council's Regional Administration Division is accepting applications for a Director, Treasury .

The position leads a staff of three (two senior financial analysts, one accountant) and is the Council's primary liaison with financial institutions, investment brokers, merchant card processors, external legal counsel, municipal advisors, rating agencies, and Council bond investors.

We are the Metropolitan Council , the regional government for the seven-county Twin Cities metropolitan area. We plan 30 years ahead for the future of the metropolitan area and provide regional transportation, wastewater, and housing services.
The Director, Treasury provides strategic direction and management of the Council's treasury operations. Our treasury operations include general banking and merchant banking activities, investment portfolio management, capital financing and debt management. Daily banking and cash management activities ensure sufficient cash flow to meet operating and capital requirements. Investment portfolio management includes research, analysis and trading of short-term and long-term portfolios in excess of $2 billion, balancing investment risk-return opportunities in accordance with Statutes and Council policies. Debt Management includes arranging financing for Council capital projects, including issuance of Council bond and other loan structures, and overseeing management and compliance of ~$1.6B of outstanding debt.

What you would do in this job
1. Direct the investment activities for the Council's investment portfolio including short-term, long-term and other post-employment benefit trust funds.

• Provide strategic organizational planning for short-term and long-term investments for the Council.
• Manage diesel fuel hedging program to provide budget certainty for transit operations.
• Oversee the Other Post-Employment Benefit Trust fund.

2. Oversee the debt management of the Council.

• Provide strategic organizational capital finance planning and execution. Including debt analysis, structuring and issuance of bonds, GANs and MPFA loans.
• Coordinate capital financing needs of operating divisions and directs issuance of debt. Consults with municipal advisors, bond counsel, and rating agencies regarding size, structure, security and repayment of debt.
• Manages the initial and ongoing compliance with Internal Revenue Code and regulations for tax-exempt debt and arbitrage requirements. Manages initial and ongoing compliance with bond covenants and reporting requirements.

3. Direct Council's cash management and banking activities.

• Direct daily banking (oversee general banking activities to assure adequate controls and sufficient daily cash flows).
• Develops cash flow forecasts.
• Directs merchant banking activities (credit cards, fare media) facilitating and meeting PCI security standards and compliance.

4. Reporting financial data and customer service - internal and external.

• Develops relationships and promotes customer service with operating divisions.
• Maintain internal controls over the Council's cash and investments.
• Maintains contract relationships with banks and financial parties. Prepare RFPs for financial services.
• Plan, distribute, assign, counsel, coach and review staff work to assure responsibilities/priorities are addressed timely and accurately (including: 1:1 meeting, team meetings, and performance reviews).
• Lead staff to provide a workplace environment that supports diversity.
• Provides quarterly investment reports to the Council's Investment Review Committee and Management Committee.

What education and experience are required for this job (minimum qualifications)
Education & Experience:

Any combination of completed education (in public finance, finance, economics, accounting or math) and progressively responsible experience (in finance, investment management, treasury management, capital finance or debt management, including having primary responsibility over cash management and investments equivalent to size/scope of the Council with supervisory/management experience). This position requires a professional and practical level of understanding of accounting, financial reporting and financial management that is acquired through a degree program.

• Master's degree and seven (7) years of experience including three (3) years primary responsibility over cash management, debt management, and investments with five (5) years of supervisory/management experience.
• Bachelor's degree and nine (9) years of experience including three (3) years primary responsibility over cash management, debt management, and investments with five (5) years supervisory/management experience.
• Associate degree and eleven (11) years of experience including three (3) years primary responsibility over cash management, debt management, and investments with five (5) years supervisory/management experience.

What additional skills and experience would be helpful in this job (desired qualifications):

• Experience with investment/financial reporting software and Enterprise Resource Planning systems (e.g., PeopleSoft/Oracle/SAP/Workday).
• Public finance experience.
• Merchant banking experience.
• Debt management experience.
• Chartered Financial Analyst (CFA), or Certified Treasury Professional (CTP), preferred.
• Knowledge of finance processes and practices (cash management, financial analysis, investing, economics, risk management.
• Knowledge of fixed income securities and financial markets, including municipal bonds.
• Knowledge of accounting/investment best practices and ability to create and implement new business processes and internal controls.
• Knowledge of management/supervisory practices, performance management (coaching, counseling, staff development, performance improvement, discipline).
• Effectively report information to senior management and Council committees - with written and verbal communication and presentation skills.
• Negotiation, facilitation and interpersonal skills including ability to effectively work through complex issues.
• Project management and program development skills.
• Proficiency with Microsoft Office Suite.
• Ability to establish and maintain good working relationships - work effectively and provide excellent customer service to operating divisions.
• Ability to organize complex information and to effectively report information to senior management and Council committees.
• Ability to promote an equitable, positive, and respectful work environment that values culture and diversity among all employees.

What you can expect from us:

1. We offer the opportunity to make a difference and positively influence the Twin Cities metropolitan area.
2. We encourage our employees to develop their skills through on-site training and tuition reimbursement.
3. We provide a competitive salary, excellent benefits and a good work/life balance.
Additional information
Union/Salary Grade: NRC / Grade M
FLSA Status : Exempt
Safety Sensitive: No
Full Salary Range: $64.89 - $105.35 hourly / $134,971.20 - $219,128.00 annually

The responsibilities listed are typical of the positions included in the job classification; however, not all duties are necessarily performed by each specific position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties of the position. Regular attendance is an essential responsibility.


What steps the recruitment process involves:
1. We review your minimum qualifications.
2. We rate your education and experience.
3. We conduct a structured panel interview.
4. We conduct a selection interview.


Once you have successfully completed the steps above, then:


If you are new to the Metropolitan Council, you must pass a background check which verifies education, employment, and criminal history. A driving record check and/or physical may be conducted if applicable to the job. If you have a criminal conviction, you do not automatically fail. The Metropolitan Council considers felony, gross misdemeanor, and misdemeanor convictions on a case-by-case basis, based on whether they are related to the job and whether the candidate has demonstrated adequate rehabilitation.


If you are already an employee of the Metropolitan Council, you must pass a criminal background check if the job you're applying for is safety-sensitive, is a supervisory or management job, is in Finance, Information Services, Audit, or Human Resources departments, or has access to financial records, files/databases, cash vouchers or transit fare cards. A driving record check and/or physical may be conducted if applicable to the position.


IMPORTANT: If you make a false statement or withhold information, you may be barred from job consideration.


The Metropolitan Council is an Equal Opportunity, Affirmative Action, and veteran-friendly employer. The Council is committed to a workforce that reflects the diversity of the region and strongly encourages persons of color, members of the LGBTQ community, individuals with disabilities, women and veterans to apply.


If you have a disability that requires accommodation during the selection process, please email View email address on click.appcast.io.
We believe our employees are a key to our agency's success! In order to attract and retain high quality employees, the Council provides a highly competitive benefits package both in choice and coverage levels. Some highlights about our benefits are listed below:

• Guaranteed monthly retirement income through Minnesota State Retirement System pension fund
• Opportunity to save additional funds for retirement on a tax-deferred basis through a voluntary deferred compensation (457) plan
• Two or more medical plans from which to choose, with employer contribution towards premiums over 80%
• Dental insurance, life insurance and vision insurance

The following benefits are provided to all employees as part of working for the Council. You will have access to free:

• View email address on click.appcast.io clinic
• bus/rail pass valued at over $1200 per year
• parking at many job locations
• fitness centers at many job locations
• Employee Assistance Program
• extensive health and wellness programs and resources

01


Applicant Instructions: It is important that your application shows all relevant education and experience you possess. The supplemental questions listed below are to further evaluate your education and experience and to determine your eligibility for this position. Answer each question completely, and please do not type "see resume." Otherwise, your application will be considered incomplete, and you will not receive further consideration for this position. The experience you indicate in your responses should also be consistent with the Work History section of this application. If you attach a resume and/or cover letter to your application, it will be reviewed at the education and experience review step.I have read and understand the above instructions regarding my application and supplemental questions.

• Yes
• No

02


How did you first hear about this job opening?

• CareerForce Center
• Community Event/Organization
• Employee Referral
• Facebook
• Glassdoor
• Indeed
• Job Fair
• LinkedIn
• Metro Transit Bus Advertisement
• X (formerly known as Twitter)
• Website: governmentjobs.com
• Website: metrocouncil.org
• Website: metrotransit.org
• Website: minnesotajobnetwork.com
• Other

03


If you selected 'Other', please describe where you first heard about this job. If you selected 'Employee Referral' please enter the employee's first and last name, ID number (if known), and job title.Type N/A if not applicable.
04


Please select the option below that reflects your education and experience level.

• Master's degree (in public finance, finance, economics, accounting or math) AND seven (7) years of progressively responsible experience (in finance, investment management, treasury management, capital finance or debt management, including having primary responsibility over cash management and investments equivalent to size/scope of the Council including three (3) years primary responsibility over cash management, debt management, and investments AND five (5) years of supervisory/management experience.
• Bachelor's degree (in public finance, finance, economics, accounting or math) AND nine (9) years of progressively responsible experience (in finance, investment management, treasury management, capital finance or debt management, including having primary responsibility over cash management and investments equivalent to size/scope of the Council including three (3) years primary responsibility over cash management, debt management, and investments AND five (5) years of supervisory/management experience.
• Associate degree (in public finance, finance, economics, accounting or math) AND eleven (11) years of progressively responsible experience (in finance, investment management, treasury management, capital finance or debt management, including having primary responsibility over cash management and investments equivalent to size/scope of the Council including three (3) years primary responsibility over cash management, debt management, and investments AND five (5) years of supervisory/management experience.
• Some education (in public finance, finance, economics, accounting or math) AND some experience (in finance, investment management, treasury management, capital finance or debt management, including having primary responsibility over cash management and investments equivalent to size/scope of the Council AND some experience in a supervisory/management role.
• None of the above

05


Please select the areas below with which you have work experience (select all that apply).

• Experience with automated investment/financial reporting software.
• Experience with Enterprise Resource Planning systems (e.g., PeopleSoft/Oracle/SAP/Workday).
• Public finance experience.
• Debt management experience.
• Banking or Treasury Management products and services experience.
• Cash Management experience.
• Experience with fixed income investment management and financial markets.
• Merchant banking experience.
• Chartered Financial Analyst (CFA) certification.
• Certified Treasury Professional (CTP) certification.
• Experience with finance processes and practices (cash management, financial analysis, investing, economics, risk management).
• Experience with accounting/investment best practices.
• Experience creating and implementing new business processes and internal controls.
• Experience with management/supervisory practices, performance management (coaching, counseling, staff development, performance improvement, discipline).
• Experience effectively reporting information to senior management and Council committees (written and verbal communication and presentation skills).
• Experience negotiating, facilitating and interpersonal skills including ability to effectively work through complex issues.
• Experience managing projects and developing programs.
• Proficiency with Microsoft Office Suite.
• Experience establishing and maintaining good working relationships.
• Experience working effectively and providing excellent customer service to operating divisions.
• Experience organizing complex information and effectively reporting information to senior management and Council committees.
• Experience promoting an equitable, positive, and respectful work environment that values culture and diversity among all employees.
• None of the above.

06


If you indicated in Question #5 that you have experience in Banking or Treasury Management, please describe that experience including duties performed and where it took place. If this does not apply, please type 'N/A'. If you type 'see resume', you will not receive credit for your response.
07


If you indicated in Question #5 that you have experience in Public Finance or Debt Management, please describe that experience including duties performed and where it took place. If this does not apply, please type 'N/A'. If you type 'see resume', you will not receive credit for your response.
08


If you indicated in Question #5 that you have experience in fixed income investment management and financial markets, please describe that experience including duties performed and where it took place. If this does not apply, type 'N/A'. If you type 'see resume', you will not receive credit for your response.
09


Describe a specific example of how you integrated racial equity into your work processes. If you do not have this experience, type 'none' or 'N/A'.
10


The Metropolitan Council recognizes that Artificial Intelligence (AI) and generative tools are increasingly used in application processes. While the Council permits the use of AI to assist in the preparation of application materials, all applicants must certify the following statement:

• I affirm that all information provided in my application including any uploaded documentation is true and accurate. I further affirm that I have personally reviewed, verified, and approved all content, including any content generated with the assistance of AI. I will provide all interview responses directly and in real-time without unauthorized assistance. I will not use AI avatars, external assistance in answering including computer-generated suggestions, or any recording and transcription tools during the interview process unless I have received prior approval from Human Resources for a disability-related reasonable accommodation.

Required Question