Sr Analyst, Treasury

About the role

This position performs professional and analytical work in support of the City’s treasury operations, including cash management, investments, banking services, debt administration, retirement plan support and related financial activities. The position monitors and analyzes the City’s cash and investment activity, prepares financial forecasts and analyses, supports debt issuances, administers treasury related programs and contracts and helps ensure compliance with applicable laws, regulations, City policies and internal controls.

Responsibilities

• Administers and supports the City’s treasury operations, including cash management, banking services, investments and the protection and custody of City funds and financial assets.
• Administers and monitors the City’s investment portfolio, including analyzing investment opportunities, executing transactions within established authority, monitoring portfolio performance and compliance and developing recommendations related to investment strategy, liquidity, diversification and portfolio structure.
• Manages cash flow and liquidity analysis, including monitoring cash balances, preparing short and long range cash flow projections, evaluating funding requirements and identifying funds available for investment.
• Analyzes financial records to forecast future financial position and budget requirements.
• Evaluates need for procurement of funds and investment of surplus.
• Prepares financial reports for management, for example quarterly investment performance, and reporting for pension investments.
• Develops policies and procedures for account collections and extension of credit to customers.
• Coordinates activities of investment program; analyzes, purchases and sells investments; provides analytical support for cash management and investment program.
• Administers the City's public depository agreement and credit card program.
• Prepares budget and justification for cash management and banking contracts on an ad hoc basis.
• Develops and proposes to the Chief Financial Officer or designee investment strategies, policies, portfolio structure, performance measurement criteria and goals for the Investment Division.
• Supports issuance of debt including drafting exhibits for official statements, project planning, evaluating term sheets, selecting lenders, communicating with bond advisors, legal counsel, escrow agents and/or underwriters.
• Administers City’s defined benefit retirement plan, including calculating retiree benefits, recommending investment strategies to the oversight committee and executing on its behalf.
• Assists with identifying potential funding sources and negotiates acceptable award terms.
• Maintains compliance with approved policies, regulations, and provide audit support as requested.
• Manages the armored courier schedule for secure transportation of funds across the City.

Requirements

• College degree or equivalent work experience.
• 5 or more years experience managing larger investment portfolios; or equivalent combination of education and experience.

Qualifications

• Bachelor's degree in finance, accounting, economics or related field.
• Comprehensive knowledge of investment securities, fixed income markets and portfolio management principles.
• Thorough knowledge of municipal debt issuance and administration, financing alternatives, debt service requirements, continuing disclosure and post-issuance compliance.
• General knowledge of governmental accounting, budgeting, and financial reporting principles.
• Thorough knowledge of banking laws, procedures, and services.
• General knowledge of defined benefit retirement plan administration, including benefit calculation methodology and investment considerations.
• Working knowledge of credit and collections practices.

Skills

• Applies advanced statistical and quantitative analysis to evaluate investment performance, forecast cash flow and liquidity needs and support portfolio decision-making.
• Evaluates complex fixed income instruments using advanced portfolio management.
• Communicates complex financial and investment information clearly, both orally and in writing, to City leadership, the retirement plan oversight committee and external parties such as bond advisors and underwriters.
• Proficiency with financial, database, spreadsheet and investment-specific software (e.g., Bloomberg Financial System).

Benefits

• Medical, dental, vision (for self, spouse, domestic partner, children) – eligible on the 1st of the month following date of hire.
• Paid vacation, paid holidays, sick leave, and additional one-time bank of 40 PTO hours for new, full-time, Classified and Unclassified Management hires.
• Retirement + company contributions – after 6 month probation period and immediate vesting.
• Flexible spending: Medical expenses FSA, dependent FSA or both.
• Employee Assistance Program: counseling, legal, financial assistance.
• Life insurance, short-term and long-term disability.
• Wellness program, workout facilities.
• Employee/family onsite health clinic.
• Learning and development opportunities at all levels in the organization with opportunities for career mobility.
• Collaborative work environment.

Pay

Annual salary range: $72,013.00 – $120,015.00 (Salaries are paid biweekly). Anticipated hiring range: $87,000.00 – $105,000.00 (Salaries are paid biweekly).