Manages programs and activities of City treasury operations and investment portfolio. Participates in day-to-day management of treasury operations and ensures maintenance of sound internal controls over the City's cash and securities assets. Performs cash management analysis and prepares cash flow projections, advises the City's investment advisor(s) on funds available for investment. Works with substantial independent authority, coordinating programs and functions that have a City-wide financial impact, and are subject to review by periodic internal and external audits.
Applicants must provide a Resume and Cover Letter.
Detailed Job Posting - NEOGOV Insight
Develops investment strategies in consultation with the City's investment advisor(s). Evaluates various investment recommendations, takes into account length of time, return on dollars, and flexibility of terms to maximize return on idle funds consistent with the fiduciary nature of the position and such investment policies. Confers with personnel in City departments to incorporate cash flow needs, investment expectations, and risk tolerance. Analyzes investment transactions designed to improve overall returns within the context of a prudent, safe and appropriately liquid investment portfolio. Administers the City's investment management software. Prepares reports for the City Council and Mayor, and Health Trust Board describing investment performance and market events providing a forecast of interest rates based on current events. (25%)
Monitors available funds in bank accounts to assure that optimal cash balances are maintained while minimizing bank fees. Identifies amount of cash available for investment purposes. Develops and maintains detailed cash flow projections for the City's tax supported funds and other funds as necessary. (15%)
Provides City-wide management and oversight of electronic and cash payment processes including online payments, cashiering credit cards and cash payments, debit cards, automated clearing house and lock boxes. Works with department staff to establish electronic payment methods, processes, procedures, PCI compliance cash handling and internal controls. Negotiates and manages city-wide credit card processor contracts. Liaisons with the City's bank on credit card merchant accounts and related equipment. (15%)
Functions as the Harris Ranch Community Infrastructure District Manager who is responsible for the administrative duties as defined in the developers' agreement of the District including, reviews and approves of projects, manages project status and reimbursement requests, budget development, taxes assessments and levies, debt financing decisions, and strategic planning. Creates modeling and financial forecasts of projects expenditures, property value, and debt service requirements to mitigate risks to property owners of Harris Ranch and the City. (15%)
Performs complex cash management analysis to forecast funds available for investment. Anticipates large cash disbursement needs for the City and department programs. Calculates and understands financial market-debt ratios, for the present, future, and discounting calculations. Manages and oversees debt and financing-related programs. Manages multiple projects, meets critical deadlines and makes decisions under pressure. Analyzes complex financial issues, and develops/recommends/implements solutions; analyzes and interprets complex financial and legal documents. Assists personnel and professional staff, in performing complex financing and other treasury-related duties. Communicates effectively using the English Language, both verbally and in writing; display an attitude of cooperation and work harmoniously with all levels of City employees, the general public and other organizations.(10%)
Prepares City-wide interest income and interest expense projections and budgets. Confers with Department staff regarding assumptions for projecting major General Fund revenues. Prepares year-end investment and debt audit work papers. (10%)
Participates in evaluating alternative debt instruments, prepares proposals and evaluates responses. Participates in presentation to credit rating agencies, bond insurers, lenders, investors and other participates in the bond market. Prepares or reviews final documents to accommodate the transaction and complete the closing. Oversees annual bond disclosures, reporting requirements, arbitrage compliance certifications and bond payments. (10%)
Detailed Job Posting - NEOGOV Insight
Must have a Bachelors degree in Financial Management, Business Administration, Public Administration, Accounting or a related field.
Requires education and/or experience to attain the following:
Seven years of progressively responsible finance and accounting experience, including three years in treasury operations, or an equivalent combination of experience and/or education.
Advanced knowledge of principles, methods, strategies, and techniques of debt analysis and bond financing; financial market trends and economics; principles and practices of municipal bond issuance and management; investment regulations for municipal bond proceeds; federal, state, and municipal market regulations; principles of governmental accounting, budgeting operations, capital, and financial management; generally accepted accounting principles; federal tax, state and local government financial management principles; electronic banking and e-government operations; research methods and report writing techniques; statistical and financial analysis techniques.
Intermediate knowledge of contemporary office practices and procedures and office software products; and principles and practices of effective management.
Ability to perform complex cash management analysis to forecast funds available for investment, while anticipating large cash disbursement needs for City and department programs and functions; calculate and understand financial market-debt ratios, present, future, and discounting calculations; manage and oversee debt and financing-related programs within the City treasury; manage multiple projects; meet critical deadlines and make decisions under pressure; analyze complex financial issues, and develop/recommend/implement solutions; analyze and interpret complex financial and legal documents, legislation, tax law, municipal rulemaking, and City Council guidelines; supervise subordinate personnel and professional staff, in performing complex financing and other treasury-related duties; communicate effectively, both verbally and in writing; display an attitude of cooperation and work harmoniously with all levels of City employees, the general public and other organizations; communicate effectively in the English language at a level necessary for efficient job performance; complete assignments in a timely fashion; understand and comply with all rules, policies and regulations; maintain prompt and regular attendance; and perform all essential and marginal functions as assigned by an authorized employee, supervisor and/or manager with or without a reasonable accommodation.
Individuals must be capable of operating vehicles safely and have an acceptable driving record.
About The City of Boise
About Boise: We are dedicated to making Boise the most livable City in the country, our team is 1600 people strong and is one of the largest employers in the area. Guided by a mission that keeps us focused on outcomes that are Lasting, Innovative, and Vibrant, we are passionate professionals who dream big and work hard. Our shared values are simple and we believe in them: One City, One Team – for the Greatest Good, Citizen Experience with “WOW”, and lastly, There’s Nothing We Can’t Do Better. From maintaining parks, to protecting the public, to designing waste water renewal systems, our entire organization is driven by the knowledge that every day when we go to work, we help to enhance what is loved most about Boise for generations to come. To learn more visit www.cityofboise.org.