Treasury Manager

Treasury Manager

The Treasury Manager is responsible for administering the City's treasury operations, including cash management, banking services, investments, liquidity management and related financial activities, as well as certain business licensing functions. The Treasury Manager ensures assigned operations are conducted efficiently, accurately and in accordance with applicable laws, policies and established internal controls.

Essential Job Functions:

• Monitors daily cash balances and cash flow requirements to ensure sufficient funds are available to meet the City's operating and financial obligations
• Prepares short-term and long-term cash flow forecasts and analyzes revenue collections, expenditures, debt service requirements, and other factors affecting the City's liquidity.
• Initiates and monitors electronic funds transfers, wire transfers, ACH transactions, and other banking activities in accordance with established policies and internal controls.
• Administers the City's banking relationships and serves as a primary liaison with financial institutions, investment providers, trustees, custodians, and other financial service providers.
• Performs and reviews bank reconciliations and researches and resolves discrepancies in a timely manner.
• Administers the City's investment portfolio in accordance with applicable state laws, the City's investment policy, and established investment objectives.
• Monitors investment maturities, liquidity needs, market conditions, and investment opportunities and assists with the purchase and management of authorized investments. Maintains accurate records of investment transactions, interest earnings, maturities, and portfolio activity and prepares monthly and quarterly investment reports.
• Maintains accurate treasury-related records within the City's financial management system and ensures transactions are properly recorded and reconciled with the general ledger.
• Develops, maintains, and documents treasury policies, procedures, internal controls, and standard operating procedures.
• Ensures appropriate segregation of duties, authorization requirements, and security controls are maintained over cash, banking, and investment activities.
• Assists with the preparation of the City's annual financial statements, audit schedules, budget documents, and other financial reports related to treasury operations.
• Evaluates banking services, treasury technology, payment processes, and financial service contracts and recommends opportunities to improve efficiency, security, internal controls, and cost effectiveness.
• Provides technical guidance and assistance to City departments regarding treasury procedures, banking transactions, cash handling, and related financial policies.
• Monitors changes in laws, regulations, accounting standards, financial markets, and industry practices affecting municipal treasury operations.
• Provide coverage during team absences and steps in and resolve escalated public concerns.

Required Knowledge, Skills and Abilities:

• Knowledge of financial management systems, enterprise resource planning systems, banking applications, electronic payment platforms.
• Microsoft Office Suite, with advanced proficiency in Excel.
• Handling public funds, financial and business information.
• Management principles and practices.
• Supervisory principles and practices.
• Bargaining unit agreements governing section employees.

• Skill in verbal and written communication.
• Handling cash checks and all forms of financial payments.
• Public interface and addressing concerns from the public.

• Ability to evaluate, select, and purchase securities and bonds in alignment with defined investment guidelines and risk parameters.
• Explain licensing requirements.
• Ability to keep and maintain confidential information

Required Education, Experience, and Certifications:

• Graduation from an accredited college or university with a Bachelor's Degree in Business Administration, with emphasis in Finance or Accounting.
• Three (3) years of responsible cash management experience in a municipality or corporate or banking institution which involved preparing financial statements, institutional investments, and analyzing cash flows.
• Must be bondable.

Preferred Education, Experience and Certifications:

• None

Physical Demands:

The physical demands described within this job description must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

In this position, the employee will frequently sit, stand or walk. This employee will occasionally walk, sit, stand, lift, push, pull, drag and/or carry up to 50 pounds. The employee will constantly be indoors. Occasional stooping and crouching may occur with this position. The employee will constantly work with computers, copiers and telephones. The use of personal automobile may be required if attending meetings outside of government center. Work hours may occasionally be extended. Speaking and listening are constant essential functions of this position.

Work Environment:

The work environment described within this job description will be encountered while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The employee is frequently indoors and outdoors. The noise level in the work environment is moderate to low. This employee will occasionally work in conditions where fumes, mists, dust, odors and gases are present.