Treasury Manager

County of Orange•Orange County, CA

6d•Onsite

About The Position

The Treasury Manager, under the direction of the Director of Treasury, assists with all treasury management operations in the Treasury Division of TTC and supports the secure, accurate, and timely deposit and disbursement of over $10 billion in annual public funds. The position identifies and implements treasury transformation technology projects to reduce risks, minimize fraud and reduce costs for all Departments and Educational Districts. They will also be responsible for identifying and implementing new approved taxpayer payment options with digital wallets and direct pay for tax refunds using bank account and debit cards. This position is responsible for overseeing and assisting with the development of TTC’s Treasury Information Technology (IT) strategy, including managing the Treasury Management software, bank connectivity, cash and liquidity management, transaction management, AI, Early Warning System, other fraud screening integration, and financial risk management. Moreover, they will oversee the cash flow forecast of public funds in the County Treasury, manage all County and Educational District bank and merchant processing accounts and other bank related services, identify cost-saving opportunities, streamline operations and ensure compliance with banking regulations, TTC banking policies, segregation of duties and auditing standards to maximize the protection of the County Treasury’s cash assets. The position will also provide assistance with Educational District debt bond financing including official statement disclosures and debt service payments. Additionally, the incumbent will participate in the development of treasury management goals, objectives, policies, and procedures. The Treasury Manager will oversee and analyze the Division’s treasury management data and operational requirements and direct the development and implementation of applicable treasury management systems and procedures to meet those requirements. The Treasury Manager is currently supported by a Cash Manager and three cash management staff positions. Further responsibilities may include assisting with any of the following: Drafting, recommending, analyzing, and implementing approved programs, policies, and procedures and treasury transformations to promote efficient and secure cash management, treasury, banking and investment operations and ensuring strong internal controls, segregation of duties, business continuity, and security of data, systems, and operations related to cash Performing complex treasury duties and providing oversight of daily operations, banking relationships, cash management, bank account administration, debt administration, County banking infrastructure, bank deposits, reconciliation between bank accounts and treasury accounting records, and interest apportionment Calculating and reviewing overall treasury operational costs, reviewing billing costs to appropriate departments and Educational Districts, and monitoring depository and custodial banking fees Administering and overseeing merchant services programs, managing and maintaining bank accounts and online banking platforms, armored car services, and electronic payment systems; and developing and maintaining documentation for new and existing treasury processes in compliance with applicable security and regulatory requirements, including Payment Card Industry Data Security Standard (PCI DSS) and other applicable standards for both County and Educational District operations Monitoring and investigating bank account activity and unusual transactions; analyzing and resolving payment processes issues; overseeing fraud prevention and mitigation efforts; coordinating training of fraud and protection of public funds for County and Educational Districts, and ensuring compliance with applicable laws, regulations, investment policies, and audit requirements Maintaining banking and custodial relationships; evaluating banking services and fees; assisting with negotiating contracts with depository and custodial banks, armored carriers, and merchant service providers; and coordinating with financial institutions to facilitate fund transfers, resolve payment exceptions, and address fraud-related matters Overseeing the calculations and management of daily liquidity to meet the County and Educational expenditure requirements; performing six-month to five-year liquidity forecasts, overseeing the receipt, safekeeping, custody, and disbursement of County funds via checks, automated clearing house (ACH) and wire transfers; and ensuring sufficient liquidity by overseeing cash forecasts

Requirements

A valid California Class C Driver's License or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions is required.
Minimum of seven (7) years of progressive experience in a Treasury, accounting, finance, or banking role in the public sector or for a large public or private corporate treasury position.
At least three (3) years of lead, supervisory, or management level experience with responsibilities for finance, cash management, or treasury-related operations.
Experience with banking systems, cash flow forecasting, wire transfers, ACH payment templates, early warning fraud system, bank reconciliations, and other related banking tools.
Proficiency in treasury management services, including bank reconciliations for complex organizations, merchant card services program administration and management, armored car services, remote deposit, bank account set-up, collateralization of public funds, direct payment options and electronic payment methods including ACH and Wire transfers.
Experience in managing, setting up and maintaining bank accounts and online banking platforms and working knowledge of bank statement formats including Bank Administration Institute (BAI2) and host-to-host connectivity.
Experience in fixed short-term cash flow analysis and forecasting and investment principles and debt principles including fixed income securities and duration management.
Experience of risk management strategies including interest rate risk management.
Proficient in financial data reconciliation and accounting processes relating to cash.
Experience in bank account set-up, administration and management for a large organization.
Proficient in banking/audit/Investment policy compliance regulations and procedures.
Demonstrate relationship management and networking expertise with financial institutions.
Strong negotiation and contract management skills.
Work collaboratively with internal and external stakeholders to achieve common goals.
Coordinate with internal departments and external organizations to meet competing demands and ensure the timely completion of tasks.
Experience as a liaison between the organization and individual to achieve shared objectives.
Experience with handling personnel issues with a wide range of personalities and levels of employees.
Demonstrate a diligent work ethic while working independently and collaboratively.
Tailoring personal development (e.g. training, learning opportunities, key experiences) to fit individual, team, and organizational needs.
Manage all aspects of performance management systems within established time frames.
Ensure the provision of a high-performing treasury operation to serve the needs of the department, the County and Educational Districts.
Exhibiting strong initiative, integrity, sound judgment and a positive attitude, inspiring the trust, respect and confidence of others.
Troubleshoot and solve payment processing issues and fund transfers and resolve any denials and/or fraud situations.
Evaluate and recommend banking products, other banking services, and platforms as appropriate.
Oversee and monitor daily cash operations, including position reporting, troubleshooting transaction issues, and cost review of bank, armored carrier, and other banking related fees.
Identify opportunities to implement transformational Treasury-related business process improvements.
Research, organize, interpret, and apply relevant data.
Meticulous attention to detail, demonstrating a high level of accuracy and timely completion of tasks.
Entrepreneurial spirit, resourcefulness, flexibility, creativity, energy and versatility.
Ability to manage and prioritize multiple tasks in a fast-paced, deadline-driven, dynamic environment.
Direct and improve treasury processes to meet Division and Department policies and procedures for efficient and cost-effective operations.
Supervise personnel, evaluate, and improve operational procedures, and oversee the month-end and year-end close and reconciliation processes.
Support and develop Treasury and risk management policies, procedures, controls, and assist with internal and external audits.
Develop, monitor, analyze and track the Treasury budget for review by executive management and support special projects, as needed.
Demonstrate superior verbal and written communications skills that concisely articulate coherent ideas in an effective manner.
Communicate effectively with various levels of the organization, including staff, supervisors, and upper-level management.
Produce and present reports on treasury information for presentation to a committee and boards.

Nice To Haves

Proficiency in financial modeling tools.
Advanced experience with a sophisticated treasury management system, such as Fidelity National Information Services (FIS) Quantum or similar stand-alone treasury management systems.
Experience in treasury transformation projects.
Experience in investment principles and techniques.
Experience in financial investment accounting using Generally Accepted Accounting Principles (GAAP).
Experience in using AI and blockchain in treasury processes.
Experience in treasury and investment accounting for Financial Statements and related disclosures.
Stay up to date on trends in standards of practice for treasury accounting and banking.
Certified Treasury Professional, Certified Public Accountant, and/or Chartered Financial Analyst certification.

Responsibilities

Assists with all treasury management operations in the Treasury Division of TTC.
Supports the secure, accurate, and timely deposit and disbursement of over $10 billion in annual public funds.
Identifies and implements treasury transformation technology projects to reduce risks, minimize fraud and reduce costs for all Departments and Educational Districts.
Identifies and implements new approved taxpayer payment options with digital wallets and direct pay for tax refunds using bank account and debit cards.
Oversees and assists with the development of TTC’s Treasury Information Technology (IT) strategy, including managing the Treasury Management software, bank connectivity, cash and liquidity management, transaction management, AI, Early Warning System, other fraud screening integration, and financial risk management.
Oversees the cash flow forecast of public funds in the County Treasury.
Manages all County and Educational District bank and merchant processing accounts and other bank related services.
Identifies cost-saving opportunities and streamlines operations.
Ensures compliance with banking regulations, TTC banking policies, segregation of duties and auditing standards to maximize the protection of the County Treasury’s cash assets.
Provides assistance with Educational District debt bond financing including official statement disclosures and debt service payments.
Participates in the development of treasury management goals, objectives, policies, and procedures.
Oversees and analyzes the Division’s treasury management data and operational requirements and directs the development and implementation of applicable treasury management systems and procedures to meet those requirements.
Drafts, recommends, analyzes, and implements approved programs, policies, and procedures and treasury transformations to promote efficient and secure cash management, treasury, banking and investment operations and ensuring strong internal controls, segregation of duties, business continuity, and security of data, systems, and operations related to cash.
Performs complex treasury duties and provides oversight of daily operations, banking relationships, cash management, bank account administration, debt administration, County banking infrastructure, bank deposits, reconciliation between bank accounts and treasury accounting records, and interest apportionment.
Calculates and reviews overall treasury operational costs, reviews billing costs to appropriate departments and Educational Districts, and monitors depository and custodial banking fees.
Administers and oversees merchant services programs, manages and maintains bank accounts and online banking platforms, armored car services, and electronic payment systems; and develops and maintains documentation for new and existing treasury processes in compliance with applicable security and regulatory requirements, including Payment Card Industry Data Security Standard (PCI DSS) and other applicable standards for both County and Educational District operations.
Monitors and investigates bank account activity and unusual transactions; analyzes and resolves payment processes issues; oversees fraud prevention and mitigation efforts; coordinates training of fraud and protection of public funds for County and Educational Districts, and ensures compliance with applicable laws, regulations, investment policies, and audit requirements.
Maintains banking and custodial relationships; evaluates banking services and fees; assists with negotiating contracts with depository and custodial banks, armored carriers, and merchant service providers; and coordinates with financial institutions to facilitate fund transfers, resolve payment exceptions, and address fraud-related matters.
Oversees the calculations and management of daily liquidity to meet the County and Educational expenditure requirements; performs six-month to five-year liquidity forecasts, oversees the receipt, safekeeping, custody, and disbursement of County funds via checks, automated clearing house (ACH) and wire transfers; and ensures sufficient liquidity by overseeing cash forecasts.