Supervisor, Treasury Operations

Treasury Operations

Oversight of daily cash positioning and liquidity management activities across all Authority funds.
Supervise the processing of incoming and outgoing cash transactions, including wires, ACH transfers, trustee activity, and interfund transfers.
Ensure timely funding of bond debt service, program disbursements, and operational obligations.
Maintain and enforce internal controls, segregation of duties, and authorization protocols related to cash management.
Identify and mitigate operational and counterparty risk exposure through analysis.

Debt & Trustee Administration

Oversee daily coordination with bond trustees and paying agents.
Ensure accurate funding of bond debt service accounts and compliance with indenture requirements.
Review and supervise reconciliations of trustee statements and related accounts.
Support implementation of new bond programs from an operational readiness perspective.

Reconciliation & Financial Controls

Oversee daily, monthly, and periodic reconciliations of bank accounts, trustee accounts, and treasury systems.
Ensure reconciliation discrepancies are identified, investigated, and resolved promptly.
Maintain documented procedures for treasury operations and system workflows.
Support internal and external audit requests related to treasury activity.

Reporting & Operational Analytics

Supervise preparation of internal treasury activity reports for management.
Support development and ongoing refinement of liquidity forecasts in coordination with FP&A and Capital Markets, including monitoring short- and medium-term cash needs across funds.
Monitor daily and projected liquidity positions to ensure sufficient funding for debt service, program activity, and operational needs.
Provide operational reporting to senior leadership as requested, including key liquidity metrics and cash trends.
Identify trends, liquidity pressures, or operational risks requiring escalation.

Team Leadership & Process Improvement

Provide direct supervision, coaching, and performance management for Treasury staff.
Establish clear expectations and accountability standards for transactional accuracy and timeliness.
Lead process improvement initiatives to enhance automation, system integration, and operational efficiency.
Collaborate cross-functionally with Accounting, FP&A, and other departments as needed.
Foster a culture of operational excellence, compliance, and continuous improvement.

Special Projects

Participate in treasury system upgrades or implementation projects.
Support development and documentation of treasury policies and procedures.

Education and Experience Requirements

Bachelor’s degree in Finance, Accounting, Business Administration, or related field required.
Minimum 5–7 years of progressively responsible experience in treasury operations, cash management, public finance, banking operations, or related financial services.
Demonstrated experience managing cash positioning, liquidity, and banking relationships in a complex financial environment.
Strong understanding of internal controls, financial policies, and compliance requirements.
Supervisory or team leadership experience preferred, with the ability to manage workflows and develop staff.
Excellent organizational skills with the ability to manage multiple priorities and deadlines in a fast-paced environment.

Physical Requirements

Alternating between sitting, standing, and walking.
Ascending and descending stairs.
Crouching and stooping.
Pushing and pulling.
Repetitive tasks movements (filing, keyboarding, copying).
Lifting, carrying, and moving objects of up to 10 -15 pounds.

What We Offer

Paid time off, plus paid holidays
Currently in a hybrid work arrangement, but candidates must reside in Illinois at time of hire.
Medical/dental/vision/life insurance plans
Short/long term disability
Tuition reimbursement
Flex spending
401K plan – immediate vesting
IHDA employees may be eligible for federal loan forgiveness programs.

Salary

$94,997.50 - $118,746.88

Other Information

Must be a resident of Illinois or willing to relocate.
Flexible scheduling is available, upon completion of a six-month probationary period.
Equal Opportunity Employer.