Corporate Treasurer jobs in Plano, TX

This position manages and performs all treasury functions of the city. Major job responsibilities conducted include: banking, cash management, credit card and electronic payment interfaces; active investment program; debt program including planning, document preparation, issuance and management; revenue forecasting including; sales tax confidential reports; legal and contractual compliance areas including SEC Continuing Disclosure, Public Funds Investment Act (PFIA) and assisting IT with PCI; formulating financial policies and procedures; and other special financial projects as assigned.

ESSENTIAL JOB FUNCTIONS:

Banking and Cash Management

• Develops and manages all banking relationships; bids and manages city depository, safekeeping custodian, credit card processor and gateway service contracts; negotiates all related agreements.
• Monitors city short and long-term cash flow and liquidity to fund the city’s obligations and to determine short and long-term investments.
• Manages all banking operations; serves as liaison to the bank; ensures compliance with collateral and federal banking requirements; approves all wire transfer for the city.
• Manages all credit card processor and gateway operations; monitors and establishes new merchant and gateway accounts; ensures compliance with Payment Card Industry Data Security Standards (PCI DDS); acts as a liaison between departments, credit card processor and gateways resolving highly complex issues or discrepancies.
• Analyzes, initiates and supports actively the implementation of new banking and credit card processing technology.
• Develops, implements and enforces internal controls and policies for the city’s cash handling and collections processes; performs cash-handling training to other departments.

Investment Program

• Manages the investment of all city funds; reviews and analyzes investment offerings; executes trades and approves investment buys/sells and transfers.
• Monitors and analyzes market conditions and reformulates investment strategies, researches new investment instruments and programs.
• Revises and adopts the investment policy annually; establishes selection criteria and selects broker/dealers with which the city will purchase and sell securities; ensures investments and reporting comply with the Public Funds Investment Act.
• Reviews and approves the monthly portfolio reports, reconciliations and journal entries; prepares and reviews audit workpapers; provides other assistance with the annual audit.
• Reviews, approves and presents the Quarterly Investment and Annual Reports to the City Manager and the City Council for performance reporting and as part of legal requirements.

Debt Issuance, Management and Compliance

• Formulates financing strategies and financial modeling; performs debt capacity projections and tax impact analysis to determine future financing; aids with bond elections; revises and adopts the debt management policy and procedures annually.
• Coordinates the activities of the city debt issuances; prepares and reviews the official statement and disclosure documents and credit rating agency presentation; reviews and approves debt services payments and ensures timely disbursement.
• Serves as liaison to the financial advisor and bond counsel including bidding and negotiating all aspects for the service agreement.
• Ensures issuance disclosures and continuing disclosures are performed to comply with debt covenants and state and federal laws by preparing required disclosure documents and posting them in the Electronic Municipal market Access (EMMA) and the city’s website.
• Ensures compliance with federal tax reporting requirements to maintain the City’s tax-exempt ; monitors bond proceeds timely allocation and financed asset usage; monitors timely completion of arbitrage calculations and rebates payments.
• Prepares the debt service budget during the annual budget and the multi-year financial plan.

Other Duties

• Manages the city’s sales tax recovery program; serves as liaison to the sales tax recovery consultant including bidding and negotiating all aspects of the service agreement; reviews and approves invoices; monitors sales tax payments through analysis of the confidential reports from State Comptroller.
• Manages all aspects of the Treasury’s Division including supervision and training of the Financial Services Specialist-Treasury; reviews and monitors the operating budget; ensures records retention compliance.
• Management of all Treasury Division’s vendor or consultants’ contract to ensure compliance with city’s policies and state and federal laws.
• Prepares, revises and makes proposals to the Chief Financial Officer, City Management and the City Council on financial policies and procedures; ensures adequate internal controls are in place and functioning.
• Provides technical analysis, research, and presentation materials for city management on special projects.
• Performs other duties as assigned.

WORKING CONDITIONS:

• Drives to seminars; sits for extended periods at desk; lifts, carries, files and types of documents; stand and walks while working with employees.
• Operates computer, calculator, printer and other standard office equipment.

KNOWLEDGE, SKILLS, AND ABIITIES:

• Ability to plan, organize, coordinate and supervise multiple complex projects through completion.
• Skill in preparation and presentation of technical material; excellent oral and written communication skills.
• Ability to evaluate economic and market information, determine the impacts on the city, and formulate investment and debt strategies accordingly.
• Knowledge of laws and contractual requirements applicable to areas of responsibility; federal and state.
• Knowledge of banking and cash management procedures, products, and services.
• Knowledge of financing alternatives and the debt issuance process.
• Knowledge of financial markets, investment vehicles, trade procedures, delivery and settlement procedures; ability to converse with broker/dealers (technical terminology, etc.)
• Knowledge of general accounting; familiarity with proposing journal entries and how cash flows within a general ledger system and rolls to the financial statements.
• Ability to evaluate and communicate relative benefits of various investment transactions and select appropriately considering all alternatives and circumstances; quick and knowledgeable investment decision making.
• Strong technology skills including the ability to understand and work with multiple computer systems and multiple automated interfaces and the ability to download information from databases to spreadsheets for Programs include Tracker, online banking, MSRB’s EMMA system, and credit card processing interfaces.
• Ability to evaluate cash handling procedures and recommend internal controls.
• Ability to write financial policies and procedures.
• Ability to prepare cash flow forecast.
• Ability to perform budgetary functions.
• Ability to read and understand highly technical investment research.

MINIMUM QUALIFICATIONS:

• Bachelor’s Degree in Finance, Business Administration, or related field.
• Four years’ experience in a treasury capacity (banking, investments, debt, budgeting).
• 1year supervisory experience.
• Possess a valid Class C Texas Driver’s License.

PREFERENCES:

• Bachelor’s Degree in Business with an emphasis in Finance.
• Treasury experience in the municipal environment.
• Microsoft Office Products, Tracker.

CONDITIONS OF EMPLOYMENT:

• Pass pre-employment drug screening test.
• Pass motor vehicle record check.
• Pass Criminal History check.
• Credit record check.
• Must be bondable.

PAY RATE: $99,525.73/yr