Director, Treasury

General

The Director, Treasury reports to the Chief Financial Officer and is responsible for directing investment activities, cash flow, debt, revenue, and fare program administration for the San Mateo County Transit District (SamTrans), the Peninsula Corridor Joint Powers Board (Caltrain), the San Mateo County Transportation Authority (TA), and the San Mateo County 101 Express Lanes JPA (EL).

APPLICATION DEADLINE: Sunday, September 15, 2024 (1st Cutoff Sunday, September 1, 2024)

ESSENTIAL FUNCTIONS AND DUTIES:

Examples of Essential Functions:

• Responsible for directing short-term cash flow activities, treasury services and operations, debt & investment strategy, and revenue programs ensuring reporting requirements.
• Liaison to cash and compliance management service providers; maintain banking relationships, SMA Portfolio managers, Finance and Municipal Advisors and other vendor relations as necessary.
• Manage investments, debt design, and debt/investment strategy.
• Direct revenue management including Fare Revenue and Fare Media; participate in various internal and external policy settings boards, including Title VI compliance and reporting.
• Oversee revenue collection programs including accounting, auditing and financial reporting for all fare types for Caltrain, SamTrans, TA, and EL.
• Work cross-functionally with internal departments to ensure successful execution of key projects for the Treasury Department.
• Supervise staff. Hire, mentor, train, coach, and take appropriate corrective and/or disciplinary action. Ensure EEO policies and procedures are followed. Participate in selection of staff. Coordinate staff training and professional development. Establish performance objectives. Monitor and evaluate employee performance.

Examples of Essential Duties:

• Oversee Debt reporting to the Municipal Securities Rulemaking Board (MSRB), the California State Debt and Investment Commission (CDIAC), and arbitrage reporting to the Internal Revenue Service.
• Direct development of procedures and processes including an internal control system, audit review, accounting and reporting of all revenue streams and treasury functions.
• Oversee activities necessary in direct long-term and short-term financing activities. These include but are not limited to: entering into and maintaining leveraged lease transactions, revenue bonds, letters of credit, liquidity facilities throughout the life of any financing.
• Responsible for directing all financial reporting and compliance for all investment and revenue activities to local, state, and federal agencies, funding sources, and other financial institutions.
• Maintain relationships with various law firms, underwriters and municipal and financial advisors to keep abreast of changes in the market and potential refinancing opportunities, and to have adequate interest and responses to RFP’s in the forming of debt teams.
• Direct banking relationships and operations and handling of credit card merchant accounts.
• Review documents to ensure compliance with bonds and note covenants and other debt instruments.
• Work with Investment portfolio managers, maintain adequate liquidity, while maximizing safe effective yields over the long–term, while in compliance with all state and federal laws and guidelines.
• Review financial reports to all agency boards, including Annual Comprehensive Financial Report.
• Evaluate job performance of staff which also includes the professional development through the identification of on-the-job and other opportunities.
• Perform all job duties and responsibilities in a safe manner to protect oneself, fellow employees, and the public from injury or harm. Promote safety awareness and follow safety procedures in an effort to reduce or eliminate accidents.
• Perform other duties as assigned.

SUPERVISION:

• Work under the supervision of the Chief Financial Officer, who establishes goals and objectives and evaluates performance.

MINIMUM QUALIFICATIONS:

• Sufficient education, training, and experience to demonstrate the knowledge and ability to successfully perform the essential functions of the position. Development of the required knowledge and abilities is typically obtained through but not limited to:
• Demonstrated experience forming and working with financing teams to bring Public Debt, State and Federal Loans to market.
• Bachelor’s degree in Accounting, Finance, Economics, or related field.
• At least seven (7) years full-time progressively responsible experience in finance, corporate finance, or treasury; including five (5) years of governmental accounting, enterprise accounting, and/or bond compliance.
• Three (3) years of management experience.

PREFERRED QUALIFICATIONS:

• Professional certification such as a CTP, CPFO preferred.
• Master’s degree (MPA or MBA) preferred.
• Experience closing at least five Public Debt offerings totaling over $100 million.
• Experience utilizing Generally Accepted Accounting Principles (GAAP).
• Proficient in Microsoft Office suite.
• Must have experience with ERP databases; PeopleSoft experience is desirable
• Strong communication skills and experience in synthesizing complex financial data into succinct and comprehendible communications to executives and boards.
• Proven experience in process improvement, including assessing current processes, optimizing workflows, and leading documentation efforts is preferable.

The selection process may include a panel interview, written and skills test assessments, or supplemental questions. Only those candidates who are the most qualified will continue in the selection process. Meeting the minimum qualifications does not guarantee an invitation to continue in the process.

HOW TO APPLY:

Complete an online employment application by 11:59 p.m. of the listed closing date. A resume will not be accepted in lieu of the application. Incomplete applications will not be considered.

The Human Resources Department will make reasonable efforts in the recruitment/examination process to accommodate applicants with disabilities upon request. If you have a need for an accommodation, please contact the Human Resources Department.

We celebrate diversity and are committed to creating an inclusive and welcoming workplace environment. We are an Affirmative Action/Equal Opportunity Employer. Minorities, Women, Persons with Disabilities and Veterans are encouraged to apply.