Treasurer

City of Durham•Durham, NC

About The Position

The Treasurer serves as a second-level supervisor and middle manager in the City of Durham Finance Department, providing fiscal analysis and management for treasury and general billing and collections operations. The role makes interpretive decisions about how to execute goals established by executives and the governing body, taking available technology and resources into account, and provides direction and context for subordinate staff. The Treasurer oversees Treasury and General Billing and Collections divisions, supervises professional staff, manages programs and budgets, develops financial controls and procedures, and ensures compliance with applicable requirements. The role oversees revenue billing and collections, investment and cash management, the City’s long-term debt portfolio, debt-related reporting and financing activities, procurement, audits, and financial analyses. It also advises City leadership and departments on investment and debt matters and manages relationships with financial institutions.

Requirements

Bachelor’s degree in accounting, finance, business administration, or a related field.
Six years of professional accounting or financial experience related to the assignment.
Two years of supervisory experience.

Nice To Haves

A degree in accounting or finance.
A master’s degree, accounting degree, MBA, or MPA.
CPA, Certified Management Accountant, or Certified Local Government Financial Officer designation.

Responsibilities

Oversee daily operations and workflow for the Treasury and General Billing and Collections divisions.
Supervise professional, paraprofessional, and support staff, including assigning and evaluating work, coaching and training employees, conducting performance evaluations, and implementing hiring, discipline, and termination procedures.
Plan, prioritize, and manage programs, projects, and operations; develop and implement financial controls, policies, and procedures; and ensure compliance with applicable regulations, policies, procedures, and contracts.
Prepare, maintain, review, and submit financial, operational, analytical, economic, legal, annual, and related reports and documents; manage research, compilation, and reconciliation of information; oversee correspondence and maintain databases and online systems.
Direct and review complex financial analyses and develop recommendations.
Prepare and manage budgets, monitor and approve expenditures, evaluate work-unit needs, prepare or review cost estimates and forecasts, and allocate resources.
Oversee divisional procurement, evaluate needs, participate in or conduct negotiations, develop purchasing guidelines, and approve purchasing recommendations.
Coordinate with City leadership, vendors, management, auditors, departments, and external agencies; represent the department on policy and regulatory matters; resolve complex issues; and facilitate audit operations while providing financial expertise and consultation.
Oversee general billing and collections, utility and lien-related account collection proceedings, cashier deposit collections, and receivable-related service contracts.
Oversee the City’s investment portfolio and cash management, including daily liquidity, cash-flow monitoring, investment strategies, market and instrument evaluation, regulatory compliance, financial reporting, and long-term planning.
Manage the City’s long-term debt portfolio in compliance with applicable federal, state, and local requirements; maintain debt models and projections; and oversee bond sales, bond arbitrage, and lease-purchase financing.
Advise City leadership and departments on debt issuances, timing, and financing structures; manage cash-flow schedules for debt-funded capital projects; and ensure timely and accurate debt-service payments and preparation of the annual debt-service budget.
Review and approve eligible bond reimbursements while maintaining internal controls; ensure timely SEC disclosures and other regulatory reporting; maintain debt-service software; and prepare debt schedules for the City’s Annual Financial Report.
Perform ad hoc financial and debt analyses to support decision-making and the City’s AAA credit rating.
Monitor municipal bond markets and work with industry partners to identify refunding opportunities that may reduce debt-service costs.
Participate in or lead City financing meetings, review legal financing documents, and coordinate or complete required City actions.
Manage financial institution contracts and relationships.