Assistant Director of Finance for Treasury

The City of Alexandria is located in northern Virginia and is bordered by the District of Columbia (Potomac River), Arlington and Fairfax counties. With a population of approximately 150,000 and a land area of 15.75 square miles, Alexandria is the seventh largest city in the Commonwealth of Virginia. Alexandria has a vibrant waterfront and is a unique and historic place to live and work. About one-quarter of the City’s square miles have been designated as a national or local historic district. We proudly embrace our rich history and seize the endless opportunities that lie ahead. If you are interested in working for the vibrant City of Alexandria, we invite qualified candidates to apply for the Assistant Director of Finance for Treasury position.

AN OVERVIEW

The Assistant Director of Finance for Treasury supervises the day-to-day operations of the Treasury Division. The incumbent in this class is responsible for the collection of and accountability for payments of the City’s various taxes, bills for City-provided services, and a variety of State taxes. The incumbent in this class maintains records of all deposits to and disbursements from City bank accounts and prepares daily and periodic reports to the Finance Director regarding status of the General, Bond, and Revenue Sharing Funds. The incumbent monitors funds available for investment and disbursement. Tasks are performed under the general supervision of the Finance Director.

WHAT YOU SHOULD BRING

Thorough knowledge of accounting theory, principles and practices; thorough knowledge of administrative systems management; thorough knowledge of municipal accounting principles and practices; thorough knowledge, or the ability to acquire thorough knowledge of City ordinances, Charter provisions, and State laws as they pertain to the operations of the Treasury Division; ability to analyze and interpret fiscal and accounting records, and to prepare accurate and complete financial statements from such records; ability to prepare difficult and complex financial and administrative reports; ability to plan, organize, assign and supervise the work of technical and clerical personnel; and the ability to communicate clearly and effectively, both orally and in writing.

THE OPPORTUNITY – EXAMPLES OF WORK

• Supervises and oversees the daily operation of the Treasury Division of Finance and provides supervision and guidance to staff members in completing their assigned tasks and duties. Organizes and directs Division activities, communicates division policies and priorities to treasury staff.
• Develops and implements a comprehensive program for investing City funds, including forecasting cash needs and timing investments.
• Develops and upholds the City’s investment policy and procedures, ensuring compliance with the Commonwealth’s Security for Public Funds Investment Act.
• Ensures investment managers comply with the Code of Virginia and the City’s investment policy.
• Performs daily cash position analysis to determine amount of daily transfer to/from investment accounts.
• Maintains a thorough knowledge of State/City requirements for the investment of public funds.
• Maintains adequate liquidity for all cash disbursements by developing cash flow projections and generating daily check and electronic fund transfer reports.
• Responds to requests from various City staff by preparing reports, analyses, estimates, projections and historical information related to investment activity and interest revenue.
• Manages the City's comprehensive banking services program, which includes depository services, credit card services, zero balance services, returned check services, branch/night deposit services, cash vault services, controlled disbursement services, account reconciliation services, image services, ACH services, wire transfer services, fraud prevention services, lockbox services and online treasury management services.
• Works with independent auditors to ensure that the City's cash management practices receive a clean audit opinion.
• Plans, directs and coordinates all activities required to collect City taxes and fees.
• Supervises staff to ensure that each payment source and manual adjustment are reconciled daily.
• Oversees and provides guidance/training to staff as required in order to ensure accuracy and integrity of the Finance Department's financial records.
• Plans, organizes and directs work of professional, technical and clerical staff in mass billing of real estate taxes, personal property taxes and business property taxes.
• Develops billing schedules and billing specifications, designs and orders tax bill forms, reconciles and reviews test and production billing results.
• Monitors actual revenues and analyzes differences to determine impact on future cash flows.
• Develops specifications, issues Requests for Proposal, analyzes proposals, recommends successful bidder and negotiates contract terms and pricing for Treasury related contracts.
• Prepares annual budget for contracts, reconciles and pays monthly invoices and monitors year to date expenditures.
• Develops complex and innovative solutions to ensure efficient tax payment options, enhance customer service, improve department/City operations or comply with required legislative changes.
• Resolves complex tax issues and supervises staff as they respond to written and oral communications from the public.
• Plans, develops, supervises and evaluates the programs within the Division, including fiscal and reimbursement functions, human resources, budget development, etc.
• Directs, manages and supervises the Division's employees and ensures that program objectives and outcomes are achieved.
• Ensures that administrative services are in compliance with local, State and Federal requirements.
• Provides direct supervision and consultation to team leaders, oversees team leader management of subordinates to include decisions on hiring, time management, discipline and content of performance evaluations.
• Performs related work as required.

ABOUT THE DEPARTMENT

The City of Alexandria's Finance Department is a fast-paced, diverse, and customer service focused operation that is responsible for: the assessment, collection, and enforcement of all City taxes; the management of cash flow and investments; accounting for and reporting the City’s financial position; processing payroll; executing a fair and competitive procurement environment; assessing all real and personal property in the City; managing the City’s risk and safety programs; and managing the City’s pension plans. The Finance Department has seven divisions and in fiscal year 2026 is operating with a total budget of $16.2 million and 109 FTE positions. The goal of the Finance Department is to treat all employees, citizens, and business owners professionally, with fairness and compassion.

MINIMUM & ADDITIONAL REQUIREMENTS

Four Year College Degree in finance, public administration, business administration or a related field with coursework in accounting and computer science, plus five years of increasingly professional financial or local/state tax administration experience, including three years of experience supervising professional and support staff.

PREFERRED

Master's degree; thorough knowledge of Virginia state and local tax laws, and familiarity of federal tax laws; thorough knowledge of Virginia state and local public fund investment laws; thorough knowledge of United States’ financial systems and money markets; thorough knowledge of public or business administration; thorough knowledge of accounting theory, principles and practices; ability to design and install automated accounts receivable and revenue collection procedures and systems; ability to analyze and interpret complex financial and tax data; ability to prepare accurate and complete revenue and financial statements; ability to plan, organize, assign and supervise the work of others; ability to communicate clearly, courteously and effectively, both orally and in writing; 7+ years of treasury experience and 5+ years of supervisory experience in financial operations; professional certifications such as the Certified Government Financial Manager (CGFM) and/or Certified Public Accountant (CPA).

NOTES

This position requires successful completion of pre-employment background checks including but not limited to a criminal background check. The selection process for this position may include a phone or virtual interview and an in-person interview.

The starting salary range for this position is $115,562.20 to $161,307.77, based on qualifications and experience. The incumbent can eventually be awarded up to $207,053.34 with tenure and job performance.