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City Treasurer

Company: City of Tacoma WA
Location: Tacoma
Posted on: November 26, 2022

Job Description:

City Treasurer

Salary

$120,494.40 - $154,440.00 Annually

Location

Tacoma, WA

Job Type

Non-Classified

Department

Finance

Job Number

0710-22

Closing

Continuous

  • Description
  • Benefits
  • Questions
    Position Description

    THE POSITION

    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 debt
  • 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 needs
  • Managing the City's disclosure and post-issuance compliance policy
  • Maintaining collaborative relationships with internal and external stakeholders
    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 strategies.

    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 compliance
    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 candidate:

  • 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 citizens.
  • 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 financial health.
  • 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 financially-sound decisions.
    Qualifications

  • 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 Olympic Peninsula.

    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 opportunities.

    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 check.

    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 younger.

    Dental Coverage: For eligible employees and their families, including domestic partners and dependent children age 26 or younger.

    Vision Coverage: For eligible employees and their eligible dependents.

    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 direct deposit.

    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.

    01

    Do you have a Bachelor's Degree in business administration, finance, economics, or a related field?

  • Yes
  • No
    02

    Do you have 8 years of high-level treasury or finance management experience?

  • Yes
  • No
    03

    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?

  • Yes
  • No
    04

    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?

  • Yes
  • No
    05

    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
  • LinkedIn
    + SEED

  • TTEP (Tacoma Training and Education Program)
  • Indeed
  • Facebook
  • Instagram
  • Careers in Government
  • Government Jobs
    + NWPPA

    + Outreach Event

    06

    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 job postings.

    Required Question

    Agency

    City of Tacoma

    Address

    Human Resources Department 747 Market Street Tacoma, Washington, 98402-3764

    Phone

    253-591-5400

    Website



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Keywords: City of Tacoma WA, Tacoma , City Treasurer, Accounting, Auditing , Tacoma, Washington

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