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Title

Director of Treasury 

Open Date 9/4/2020  
Full-Time/Part-Time Full-Time  
Exempt/Non-Exempt Exempt  
Bargaining / Non-Bargaining Non-Bargaining  
Division Administration & Finance  
Location Finance  
Reports To City Controller  
Schedule Monday-Friday, 8:00am-5:00 pm. Hours may vary based on departmental needs.  
Pay Rate $74,000-$79,000/yr.  
Description

SUMMARY
The Director of Treasury is responsible for management of the City’s 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.

SUPERVISION EXERCISED
Supervision of Accounts Payable, Payroll, and other staff, and any and all other matters of financial control as defined by the City Controller.

ESSENTIAL DUTIES AND RESPONSIBILITIES
This list represents the types of duties required by the position. Other duties may be assigned as reasonably expected.
Cash Management
Process
o Compile and review bank reconciliations for each City bank account
o Investigate and resolve variances between the General Ledger and the bank statements
o Designs processes for revenue recognition and ensures compliance with established policies for recognizing revenue and cash receipt.
o Ensure that all appropriate cash management internal controls are in place, including designing and standardizing cash deposit processes
o Serve as the single point of contact for all bank representatives
o Record interest and investment income, and work with Investment advisors to manage investment portfolio.
Strategy
o 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
o Define metrics and design a tracking mechanism to allow the City to monitor cash on a real-time basis.
o Provide recommendations to City Controller on appropriate courses of action based on liquidity or working capital considerations.

Debt Management
Process
o Maintain debt master list and amortization schedules.
o Ensure that all debt payments are made accurately and timely
o Ensure principal and interest expense is accurately recorded and perform accrued interest calculations.
o Organize and digitize all debt-related documentation
o Ensure compliance with applicable continuing disclosure and arbitrage rebate requirements
o Lead the process to issue of new debt, including bonds and capital leases.
Strategy
o 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.
o Assist the Controller and Deputy Controller in evaluating and recommending project funding mechanisms.
Analysis
o Define metrics and design a tracking mechanism to allow the City to monitor debt position on a consistent basis.

Accounts Payable & Payroll
• Oversee Accounts Payable (AP) and Payroll functions, ensuring that employees, pensioners, and vendors are paid accurately and timely.
• Ensure that all appropriate AP/Payroll Internal Controls are in place and that all AP and Payroll processes are effective, efficient, and well-documented.
• Initiate and record wire transfers as needed.

NON-ESSENTIAL DUTIES AND RESPONSIBILITIES
• Performs other duties and assumes other responsibilities as delegated.

QUALIFICATIONS
To perform this position successfully, an individual must be able to perform each essential duty in a satisfactory manner. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 
Position Requirements

EDUCATION AND/OR EXPERIENCE
• Position requires a Bachelor’s Degree in business administration, accounting or finance from an accredited four year university educational program institution.
• Master’s Degree in a related field or proven private or public sector experience is preferred.
• Demonstrated successful experience in a governmental entity or private sector enterprise is preferred.

KNOWLEDGE, SKILLS AND ABILITIES PREFERRED
• Thorough knowledge of accounting principles and practices, including knowledge of GASB standards and GFOA best practices.
• Ability to initiate sound fiscal operation.
• Ability to deal with vendors and ability to supervise other personnel.
• Ability to assist with the formulation of department goals and objectives, prepare policy recommendations, and assist with the setting of departmental priorities
• Ability to perform various quantitative analyses in the areas of policy analysis, program evaluation, financial analyses, financial forecasting, and cost analysis
• Ability to utilize intermediate computer spreadsheet capabilities and various other computer based instruments for analysis.

CERTIFICATES, LICENSES, REGISTRATIONS
• Certified Public Accountant or Certified Public Accountant candidate preferred.

EQUIPMENT
Desktop and laptop computer, telephone, ten key calculator, and other general office equipment (including but not limited to fax machine, printers, copy machine, scanners, etc.).

PHYSICAL DEMANDS
The physical demands described here are representative of those that 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.

While performing the duties of this job, the employee is frequently required to sit and walk, and talk or hear. The employee is occasionally required to walk; use hands to fingers, handle or feel objects, tools or controls; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required in this job include vision and the ability to adjust focus.

WORK ENVIRONMENT
Work is performed in office settings, with moderate inside temperatures. The noise level in the work environment is usually quiet to moderate in the office. Entire office is smoke free.

 
Required Pre-employment drug screen required  
About the Organization South Bend is the economic, educational, media, and cultural hub of a multi-county region spanning the Michigan-Indiana border. It's the fourth-largest city in Indiana with over 100,000 residents. South Bend's flourishing collegiate community and burgeoning tech industry have built upon the foundation of the city's industrial past to create a vibrant present and a promising future. The city's 14 institutions of higher learning, including the internationally renowned University of Notre Dame, infuse South Bend with creative energy in the arts, business, and technology. Combined with recent economic growth, strong neighborhoods, an affordable cost of living, exciting recreational opportunities, and thriving arts venues make South Bend a fabulous place to live, work, and, play.


***AmeriCorps, Peace Corps, and other national service alumni who meet the required qualifications are encouraged to apply.***  
EOE Statement EOE/ADA Statement

The City of South Bend provides reasonable accommodations to applicants with disabilities. Applicants requiring a reasonable accommodation for any part of the application/hiring process should contact the Legal Department's ADA Compliance Officer, Michael Schmidt, at legaldept@southbendin.gov and Human Resources at humanresources@southbendin.gov to request a reasonable accommodation. Determinations as to granting reasonable accommodations for any applicant will be made on a case-by-case basis.

The City of South Bend seeks to attract, develop, and retain the highest quality public safety officers, staff and administration. The City of South Bend is an Equal Opportunity Employer, and is committed to building a culturally diverse workplace. We strongly encourage applications from underrepresented candidates and others that will enhance our community in compliance with EO No. 1-2016 Section 1. Moreover, the City of South Bend prohibits discrimination against veterans or disabled qualified individuals, and requires affirmative action by covered contractors to employ and advance veterans and qualified individuals with disabilities in compliance with 41 CFR 60-741.5(a) and 41 CFR 60-300.5(a).  

This position is currently not accepting applications.

To search for an open position, please go to http://CityofSouthBend.appone.com



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