LCD Treasury Manager: WMS2/Olympia-Hybrid

State of Washington•Thurston County – Olympia, WA

5d•Hybrid

About The Position

This position is mainly virtual, however the incumbent needs to have the flexibility to come into the office in Olympia when there is a business need. The ideal candidate for the LCD Treasury Manager role is an accomplished financial leader with deep expertise in cash management, trust fund oversight, and complex public-sector accounting. They bring a proven ability to ensure accuracy, integrity, and compliance in all financial transactions and reporting while managing high-volume cash flows and safeguarding public assets. With a strong command of Generally Accepted Accounting Principles (GAAP), state accounting policies, and treasury operations, this individual excels at navigating intricate financial environments where precision, timeliness, and risk mitigation are paramount. This leader thrives in a role that blends strategic vision with hands-on operational oversight. They have demonstrated success designing and implementing financial processes, optimizing internal controls, and leading teams through regulatory, technological, and programmatic change. The ideal candidate is comfortable serving as a subject matter expert for Enterprise Resource Planning (ERP) financial modules, collaborating with partners such as the State Treasurer’s Office, State Auditor’s Office, Office of Financial Management, the Washington State Investment Board, and the State Actuary. They are adept at producing auditable financial statements, managing trust fund solvency, and ensuring that “proper funding is available and that sufficient funds are on hand to honor all warrants and other payment types. Equally important, this candidate is a people-centered leader who builds high-performing teams and fosters a culture of accountability, inclusiveness, and continuous improvement. They bring strong communication skills, sound judgment, and the ability to guide Treasury and Research & Analysis staff through complex customer service, reconciliation, and fraud-prevention activities. With a commitment to public service and operational excellence, the ideal candidate ensures that Paid Family and Medical Leave (PFML) and Long-Term Services and Supports (LTSS) benefits are delivered accurately, securely, and on time.

Requirements

7 years’ experience leading financial, accounting, treasury, or cash-management operations in a complex organization, including 3 years’ experience supervising entry level and para-professional fiscal staff OR Associate’s degree in accounting, business administration or closely related field AND 5 years’ experience leading financial, accounting, treasury, or cash-management operations in a complex organization including 3 years’ experience supervising entry level and para-professional fiscal staff OR Bachelor’s degree in accounting, business administration or closely related field AND 3 years’ experience leading financial, accounting, treasury, or cash-management operations in a complex organization including 3 years’ experience supervising entry level and para-professional fiscal staff AND 30 Hours of Accredited Accounting Courses
The ability to take action to learn and grow
The ability to take action to meet the needs of others
Ensures accuracy, integrity, and compliance in all financial transactions and reporting
Applies strong judgment in managing high-volume cash flows, trust funds, and benefit payment systems
Maintains rigorous internal controls to safeguard public assets
Manages complex financial operations with precision, consistency, and timeliness
Optimizes processes to improve efficiency, reduce risk, and strengthen accountability
Anticipates operational needs and adjusts strategies to meet evolving program requirements.
Provides clear direction, coaching, and support to Treasury and Research & Analysis staff
Builds a collaborative, high-performance team environment
Uses financial systems and ERP platforms to ensure accurate recording, reporting, and reconciliation
Serves as a subject matter expert in system design, testing, and implementation for financial modules
Must be able to pass an Unemployment Insurance (UI) and Paid Family Medical and Leave (PFML) claim and fraud check

Nice To Haves

Deep expertise in cash management, trust fund oversight, and complex public-sector accounting.
Proven ability to ensure accuracy, integrity, and compliance in all financial transactions and reporting while managing high-volume cash flows and safeguarding public assets.
Strong command of Generally Accepted Accounting Principles (GAAP), state accounting policies, and treasury operations.
Excels at navigating intricate financial environments where precision, timeliness, and risk mitigation are paramount.
Demonstrated success designing and implementing financial processes, optimizing internal controls, and leading teams through regulatory, technological, and programmatic change.
Comfortable serving as a subject matter expert for Enterprise Resource Planning (ERP) financial modules.
Adept at producing auditable financial statements, managing trust fund solvency, and ensuring that “proper funding is available and that sufficient funds are on hand to honor all warrants and other payment types.
People-centered leader who builds high-performing teams and fosters a culture of accountability, inclusiveness, and continuous improvement.
Strong communication skills, sound judgment, and the ability to guide Treasury and Research & Analysis staff through complex customer service, reconciliation, and fraud-prevention activities.
Commitment to public service and operational excellence.
Ensures that Paid Family and Medical Leave (PFML) and Long-Term Services and Supports (LTSS) benefits are delivered accurately, securely, and on time.

Responsibilities

Manage the flow of cash for state programs and the Department's operations.
Coordinate, project, and manage cash to meet daily requirements for both administrative and benefit outlays.
Manage banking activities including electronic fund transfers.
Oversee the receipt and disbursement activities of local checking accounts.
Maintain accounting system records to meet state reporting requirements.
Establish and maintain general ledger accounts.
Track/monitor revenues, expenditures, accounts receivables and payables.
Reconcile warrants/checks issued, redeemed, and cancelled.
Compute/maintain balance requirements that comply with desired levels of achievement for both the PFML and LTSS trust funds.
Develop procedures to improve internal controls and processes.
Ensure that PFML benefits are issued and that proper funding is available and that sufficient funds are on hand to honor all warrants and other payment types so that they can be properly redeemed for PFML and LTSS programs.
Ensure all PFML and LTSS assessment collections are processed and deposited in a timely manner.
Maximize earnings of the PFML and LTSS funds and the benefit banking account by coordinating the prompt movement of cash between accounts.
Monitor State Treasurer Fund Balances and maintain positive month end closing balances in ESD funds.
Negotiate banking contracts and processes with the Office of the State Treasurer so that the required accounts and proper features are in place to successfully handle the high dollar and large transaction volumes ESD generates.
Manage, design and implement strategies for addressing new business requirements, financial programs and technology applications.
Plan and implement high-level approaches within the LCD Treasury office and when applicable, within the Department, to major changes that arise from new programs, regulations, rules and statutes that substantially impact ESD.
Manage, mentor and lead Treasury staff work activities.
Act as the primary contact for PFML and LTSS with the State Treasurer's Office (STO), State Auditor's Office (SAO) and OFM.
Work with State Actuary, the SIB, Department of Social and Health Services and the Health Care Authority.