City Treasurer

About the role

This is an appointed, at-will position without tenure and exempt from the career service system. This Position Is Eligible For Full City Benefits, Including Health Insurance, Dental, Vision and Life Insurance, Paid vacation and personal leave, 6-12 weeks of paid parental leave available, Retirement contributions toward a pension plan and/or 401(k), A robust Employee Assistance Plan (EAP), Up to $4,000 tuition reimbursement annually, Discounted supplemental benefits like pet insurance and legal services.

Responsibilities

• Initiates methods and procedures for collecting, recording, investing and disbursing City funds.
• Coincides with Revenue Planner to finalize projections for budget purposes.
• Directs and evaluates division performance including work of Special Assessment Areas, Cashiering and Cashier Training, Debt Management and Cash Management.
• Prepares Division budget and debt portfolio budgets.
• Develops, revises and administers City's investment program.
• Maintains investment portfolio in compliance with Utah Money Management Act and Rules of the Money Management Council as currently amended.
• Cultivates and maintains relationships with banks and other financial institutions.
• Daily invests and reinvests portfolio funds; analyzes cash flow patterns in light of disbursement and investment requirements.
• Recommends financial strategy where cash flow excesses or shortages appear likely.
• Releases and signs off on all investment actions as required by ordinance.
• Prepares all debt related City Council Transmittals for Council briefings and formal actions by the City Council.
• Works closely with City's financial advisor, bond counsel, underwriters, and trustee to set up new and refunding bond issues and review debt instruments, official statements, and legal documents.
• Evaluates flow-of-funds requirements to assure mechanisms are in place for timely payments of debt and other bond related fees.
• Participates in steering committee, training and other activities for development of software support for Treasurer's office.
• Troubleshoots problems.
• Arranges for arbitrage calculations following the issuance of debt by the City.
• Complies continuing disclosure information for dissemination to various national repositories on an annual basis.
• Oversees Special Assessment Areas (SAA’s), cash management accounting, debt management accounting, and cashiering and cashier training functions.
• Consults with staff on design of financial presentations and other procedures, mediates on difficult situations involving disgruntled SAA property owners, and attends departmental meetings and training sessions.
• Coaches and instructs staff.
• Handles discipline and other issues within the division.
• Prepares schedules, gathers information and answers questions on year-end audit.

Qualifications

• Graduation from an accredited university with a Bachelor's of Accounting, Economics or Business Administration and six (6) years responsible experience in cash or debt management functions dealing with investments, debt issuance and other financial strategies.
• Knowledge and experience in tax-exempt bond financing, knowledge of laws and ordinances governing the operations of City Treasury, municipal taxation, financial methods and procedures.
• Ability to analyze, plan, and install systems for money management, and investment portfolio and debt portfolio management.
• Experience in municipal financial and banking operations, government fund accounting, budgeting methods, and tax and grant collection.