Company: City of Tacoma WA
Posted on: November 26, 2022
$120,494.40 - $154,440.00 Annually
The City Treasurer has three main areas of responsibility :
- Providing treasury services for all C ity Departments
- M anag ing the City's debt portfolio of approximately $ 870
million in utility debt and $590 million in general government
- Managing the City's short-term cash investment portfolio of
approximately $ 1 Billion
In addition, the City Treasurer provides other critical functions
for the City including :
- Leading and providing guidance on maintaining and improving the
City's credit rating
- Being a key leader on the team working on the City's Payment
Card Industry (PCI) compliance
- Assisting all City departments with their cash handling
- Managing the City's disclosure and post-issuance compliance
- Maintaining collaborative relationships with internal and
The City Treasurer is part of the Finance Department's leadership
team and works closely with all other divisions within the Finance
Department . The City Treasurer also interacts with other city
departments in numerous capacities as described above. This
position work s directly with external partners including bankers,
b o nd c ounsel, u nderwriters, investment advisors , financial
advisors, and community members. This position reviews financial
and economic data and provides debt and cash investment
Key responsibilities related to Treasury Services include:
- Manag ing the City's banking services, banking accounts , cash
handling processes , merchant/credit card services, armored car
services, and lockbox processing,
- Maintain ing good relationships with the City's banks
- Work ing closely with other City Departments on cash handling
procedures and internal controls for cash handling
- Is a key leader on the City's PCI Compliance efforts
Key responsibilities related to Debt Management include:
- Manag ing the City's debt portfolio including a nalyz ing
financing structures for financial soundness, covenant compliance,
compliance with laws, policies and regulations, a nalyzing
opportunities to optimize the City's debt profi le
- Deter mining and recommend ing optimum bond issue size,
maturity, call schedules to maximize financial flexibility ,
development of the City's debt official statements , including
disclosure decisions , oversee ing development of materials and
presentations to bond rating agencies
- Manag ing the administration of all debt service activities
including determination of payments, investor relati ons, rating
agency relations, cash available for bond calls, and post-issuance
Key responsibilities related to short-term Cash Investment
Management include :
- Manag ing the City's short-term Cash Investment P ortfolio
pursuant to state law, the City's Charter, the City's Investment
Policy and best practices
- Model ing cash flow requirements to ensure appropriate
liquidity to meet City cash flow need s
- Manag ing the administration of all cash investment activities
, risk and duration assessments , and relations with the City's
cash investment advisor
THE IDEAL CANDIDATE :
The ideal candidate needs to be a critical thinker who can identify
challenges , opportunities and move the organization forward. The
individual must possess strong management skills to ensure programs
and services are delivered effectively and efficiently, that
problems get resolved, and details are appropriately covered. T he
ideal candidate will be an effective leader of people with the
demonstrated capacity to energize and develop staff , a passion for
encouraging professional growth, and building organizational
capacity . The following are the key competencies of the ideal
- Collaboration ?- Building partnerships to bring people together
to leverage their skills, talents and knowledge to achieve a common
purpose. Has the ability to maintain effective working
relationships with both internal and external stakeholders such as
with management of the various City departments, elected officials,
employees, bankers, advisors, bond counsel, underwriters and
- Problem -Solving and Strategic Mindset - Looks and plans ahead
for future possibilities then works to translate them into
actionable strategies. Demonstrates the ability to manage financial
operations; perform in-depth analyses and research; possesses the
skill to identify the root-cause of problems then develop
innovative solutions to solve those problems.
- Financial Acumen - Interpreting and applying understanding of
key financial indicators to make better business decisions. Finance
is at the core of all functions of the City and it is critical to
keep a laser focus on financial matters as a steward of the City's
- Drives Results - Consistently achieves results, even under
tough circumstances. Possesses a growth mindset and has a bias
toward action. Improves and sustains superior business performance;
ability to manage competing priorities effectively; makes
- A Bachelor's degree in Business Administration, Accounting,
Finance, Economics, or directly related field. A Master's degree is
a nice addition. An equivalent combination of education, training
and experience that demonstrates knowledge, skills, abilities, and
the critical thinking necessary to perform the job at the highest
level may be considered.
- Candidates must have at least 8 years of high level treasury or
finance management related positions, preferably in government
finance and have mana ged s taff .
- Candidates must have direct experience managing treasury
services for a complex organization, issuing a variety of types of
debt, analyzing and structuring debt refunding , and managing cash
investments in a portfolio over $ 100 million .
- Technical knowledge in government finance, experience issuing a
variety of complex debt instruments, and experience with various
short-term cash investment strategies is strongly preferred .
Selection Process & Supplemental Information
City of Tacoma Commitment to Diversity and Inclusion
Tacoma's diversity is its greatest asset. Tacoma embraces its
multi-cultural and multi-ethnic character. Communities of color and
immigrant communities are fundamental to Tacoma's entrepreneurial
spirit, workforce, and long-term success. In Tacoma, equity and
empowerment are top priorities, meaning that all Tacoma residents
must have equitable opportunities to reach their full potential and
share in the benefits of community progress. One of our goals is
for the City of Tacoma workforce to reflect the community it
serves. We actively work to eliminate racial and other disparities
and welcome candidates with diverse backgrounds and/or
multicultural skill sets and experiences. Our goal is for Tacoma to
be an inclusive and equitable place to live, work, and play.
The City of Tacoma is an Equal Opportunity Employer and values
diversity in its workplace. Applicants are considered for positions
without regard to race, color, religion, sex, national origin,
ancestry, age, marital or veteran status, disability, sexual
orientation, gender identity, or any other basis prohibited by
federal, state, and local laws.
Why work for the City?
The City of Tacoma is nestled along the shores of Commencement Bay
in Washington State and offers many community parks, miles of
beautiful waterfront, hiking & biking trails, golf courses,
museums, and a world-class zoo with an aquarium. Tacoma also serves
as a gateway to some of the most magnificent natural wonders in the
world, such as Puget Sound, Mount Rainier National Park and the
The City of Tacoma provides excellent medical, dental and vision
benefits for the whole family; paid holidays and personal time off;
participation in Tacoma's Public Employees' Retirement System and a
growing variety of City-sponsored health and wellness
For more information on the City of Tacoma's benefit package feel
free to explore City of Tacoma Benefits. (
To be considered for this career opportunity:
Interested individuals should apply online and attach a detailed
resume and cover letter describing your experience, training, and
expertise as it relates to the responsibilities of this position.
Please answer all supplemental questions fully. Applications
received without all the requested materials may not progress in
the selection process.
Applicants who have the strongest background related to the
responsibilities of this position may be invited to participate in
an interview and work assessment.
Appointment is subject to successful completion of a background
Communication from the City of Tacoma:
We primarily communicate via e-mail during the application process.
E-mails from Cityoftacoma.org and/or neogov.com must be placed on
your safe domain list to ensure that you receive notifications in a
timely manner. As a precaution, you may also want to check your
junk e-mail folders.
The online application system requires you to enter a substantial
amount of information. Be prepared to spend an hour or more
entering the required information. In order for your application
materials to be considered, all information must be submitted by
the closing date and time listed on this job announcement.
For assistance with the application process or questions regarding
this job announcement please contact Human Resources at (253)
591-5400 by 4:00 pm on the closing date. This will allow us to
assist you before the job announcement closes.
The City of Tacoma provides excellent medical, dental and vision
plans for the whole family; paid holidays and paid leave;
participation in the Tacoma Public Employees' Retirement System
(alternate plan for Police/Fire); continuing education and
advancement opportunities and a growing variety of City-sponsored
health and wellness opportunities and incentives.
Medical Coverage: For eligible employees and their families,
including domestic partners and dependent children age 26 or
Dental Coverage: For eligible employees and their families,
including domestic partners and dependent children age 26 or
Vision Coverage: For eligible employees and their eligible
Paid Leave: City employees are entitled to received paid holidays,
sick/vacation leave or personal time off (PTO), depending upon
union affiliation and appointment type.
Insurance Plans: Employees are covered by a long-term disability
plan. Short-term and expanded long-term disability insurance plans
are also available to employees. The State Industrial Insurance Act
also covers employees.
Deferred Compensation: Income can be set aside on a pretax basis
and invested for supplementation of normal retirement income.
Retirement: All employees of the City, except members of the Police
and Fire services, Tacoma Rail and certain project employees, are
included in the Tacoma Employees' Retirement System. Information on
the Tacoma Employees' Retirement System can be found at or by
calling (253) 502-8200.
Other Employment Information
Direct Deposit: Employees are paid on a bi-weekly schedule by
Salary Increases: Based on satisfactory job performance, the City
provides for a regular progression of salary increases for most
classifications according to the salary schedule.
Union Affiliation: Many job classifications are covered by union
security provisions which require union membership, dues, or
payment of equivalent service fees.
Note: The provisions of this job announcement do not constitute an
expressed or implied contract. Any provision contained herein may
be modified and/or revoked without notice.
Do you have a Bachelor's Degree in business administration,
finance, economics, or a related field?
Do you have 8 years of high-level treasury or finance management
Do you have direct experience managing treasury services for a
complex organization issuing a variety of types of debt, analyzing
and structuring debt refunding, and managing cash investments in a
portfolio over $100 million?
Do you have technical knowledge in government finance, experience
issuing a variety of complex debt instruments, and experience with
various short-term cash investment strategies?
Please tell us how you learned about this job opening.
- Job Interest Card notification
- Internet search
- Professional organization
- Military organization
- Union job posting
- City of Tacoma employee
- Online job board posting
- Word of mouth
- TTEP (Tacoma Training and Education Program)
- Careers in Government
- Government Jobs
+ Outreach Event
Please provide specific information regarding how you learned about
this job opening. Thank you, your feedback will be used to evaluate
our success reaching the public and refine our methods for future
City of Tacoma
Human Resources Department 747 Market Street Tacoma, Washington,
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Keywords: City of Tacoma WA, Tacoma , City Treasurer, Accounting, Auditing , Tacoma, Washington
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