Easter Seals Jobs

TITLE

Director of Treasury

OPEN DATE

7/8/2024

FULL-TIME/PART-TIME

Full-Time

EXEMPT/NON-EXEMPT

Exempt

BARGAINING / NON-BARGAINING

Non-Bargaining

DIVISION

Administration and Finance

LOCATION

Finance

REPORTS TO

City Controller

SCHEDULE

40 hours per week, Monday-Friday

PAY RATE

Salary Range is $90,000 to $95,000 annually

DESCRIPTION

Salary Range: $90,000 to $95,000 annually

POSITION SUMMARY:The Director of Treasury is responsible for management of the Citys cash and debt positions. Oversees the cash management strategy for the organization and manages liquidity and working capital. Analyzes opportunities for issuing new debt or restructuring existing debt and ensures compliance with all payment and disclosure requirements related to debt. Oversees the Accounts Payable and Payroll functions and ensures consistency and accuracy in the payment of employees and vendors. Oversees and coordinates the month-end close, monthly financial reports, and annual financial reports. Serves as a member of the Administration and Finance Leadership Team.

SUPERVISION EXERCISED:Supervision of Accounts Payable, Payroll, Staff Accountant, Financial Specialist IV, and any and all other matters of financial control as defined by the City Controller.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Cash Management

• Process
  • Compile and review bank reconciliations for each City bank account.
  • Investigate and resolve variances between the General Ledger and the bank statements.
  • Designs processes for revenue recognition and ensures compliance with established policies for recognizing revenue and cash receipt.
  • Ensure that all appropriate cash management internal controls are in place, including designing and standardizing cash deposit processes.
  • Serve as the single point of contact for all bank representatives.
  • Record interest and investment income, and work with Investment advisors to manage investment portfolio.
• Strategy
  • Design and implement cash management strategy and philosophy, including bank utilization strategy, cash reserve requirements, interest allocation rules, and strategies to maximize interest and investment earnings.
• Analysis
  • Define metrics and design a tracking mechanism to allow the City to monitor cash on a real-time basis.
  • Provide recommendations to City Controller on appropriate courses of action based on liquidity or working capital considerations.

Debt Management

• Process
  • Maintain debt master list and amortization schedules.
  • Ensure that all debt payments are made accurately and timely
  • Ensure principal and interest expense is accurately recorded and perform accrued interest calculations.
  • Organize and digitize all debt-related documentation
  • Ensure compliance with applicable continuing disclosure and arbitrage rebate requirements
  • Lead the process to issue of new debt, including bonds and capital leases.
• Strategy
  • Design debt strategy and philosophy, including defining manageable debt levels, designing analytical processes that must be followed before issuing debt, deciding strategies for working with municipal advisors for issuance, continuing disclosure, arbitrage rebate, and more.
  • Assist the Controller and Deputy Controller in evaluating and recommending project funding mechanisms.
• Analysis
  • Define metrics and design a tracking mechanism to allow the City to monitor debt position on a consistent basis.

Accounts Payable and Payroll

• Oversee Accounts Payable (AP) and Payroll functions, ensuring that employees, pensioners, and vendors are paid accurately and timely.
• Guide and participate in configuration and management of financial systems used by Accounts Payable and Payroll staff members.
• Ensure that all appropr ate AP/Payroll Internal Controls are in place and that all AP and Payroll processes are effective, efficient, and well-documented.
• Define metrics and design a tracking mechanism for AP and payroll processes.
• Initiate and record wire transfers as needed.
• Performs other duties and assume other responsibilities as delegated.

EDUCATION / QUALIFICATIONS:

Position requires a Bachelors Degree in business administration, accounting or finance from an accredited four year university educational program institution.

Masters Degree in a related field or proven private or public sector experience is preferred.

Demonstrat