At the City of Plano, our values make us who we are and guide us as we SERVE our city. As members of Team Plano, our organizational Values (what is most important to us) make up the acronym, SERVE (Stewardship Engaged Respectful Visionary Excellence).
The Treasurer is responsible for administering the City’s cash, investment and debt programs. City funds including debt issuance, post issuance compliance and managing the City’s cash and investment funds.
Summary of Duties:
Under general supervision, the Treasurer is responsible for administering the City's cash and debt programs; monitors and protects City funds including but not limited to debt issuance, post issuance compliance, and managing the City’s cash and investment funds.
This classification is not included in a job series. Incumbent works independently on broad assignments with specific objectives. Responsibilities include planning and performing with little or no guidance/assistance from a supervisor during the developmental process. Work is reviewed up on completion of projects.
EXAMPLES OF ESSENTIAL JOB FUNCTIONS
- Management reserves the rights to add, modify, change, or rescind the work assignments of different positions and to make reasonable accommodations so that qualified employees can perform the essential functions of the job.
- Coordinates the activities of all City debt issuances; serves as liaison to the financial advisor and bond counsel; prepares the official statement which includes obtaining, calculating, and verifying all information; reviews the debt services payments for accuracy.
- Manages the cash flow and investments of City funds; revises and adopts the investment policy annually; establishes selection criteria, selects, and maintains list of brokers/dealers with which the City will purchase and sell securities; invests excess funds in compliance with the Public Funds Investment Act; reviews and analyzes investment offerings.
- Enters all investment transactions into portfolio software systems; prepares month end reporting and related journal entries; develops policies and procedures for cash management program.
- Prepares Requests for Proposal for credit card processor; evaluates proposals and acts as liaison between departments and credit card processor when there are issues or discrepancies; actively pursues established Payment Card Industry Data Security Standards; reviews and evaluates the cost and benefit of new products as the industry changes; monitors and establishes new merchant and gateway accounts.
- Develops and manages City's depository banking relationship, prepares Requests for Proposal for depository bank; evaluates proposals and serves as liaison to bank; monitors banking services agreement between City and depository bank.
- Develops and maintains federal tax reporting information to ensure compliance with 1986 Tax Reform Act regulations, including all bond proceed investment and expenditure information needed to determine arbitrage calculations and rebates to federal government.
- Administers the compilation and publication the Comprehensive Monthly Financial Report (CMFR); prepares the investment section of the CMFR; prepares the quarterly investment report and presents it quarterly to the Investment Committee and annually to City Council.
- Supervises and participates in training Treasury Analyst I, Treasury Analyst II, and other assigned administrative personnel.
- Obtains a list of delinquent tax payers from the County; flags names as appropriate to hold payments until taxes are paid; removes flags.
- Participates in various committees, professional groups, and meetings as required.
- Regular and consistent attendance for the assigned work schedule is essential.
- Performs other duties as assigned.
Typical Decisions: The incumbent must analyze available investment instruments, interpret financial data and numerous internal cash flow variables, and utilize this information to select appropriate investments.
- Knowledge of: Financial analysis techniques; municipal finance principles; budgetary and accounting procedures, policies, and practices; investment instruments, techniques and analysis methods; laws and regulations applicable to municipal finance and investments; principles and practices of money handling, banking, cash management, and debt issuance.
- Skill in: Communicating effectively both verbally and in writing; operating standard office equipment; utilizing standard computer software and some specialized accounting software.
- Education: Bachelor's Degree in Finance, Business Administration, or related field. Master's Degree/CFA preferred.
- Experience: Four (4) years of experience in an investment program analysis and management, and six (6) months of supervisory experience.
- Any work related experience resulting in acceptable proficiency levels in the above Minimum Qualifications is an acceptable substitute for the above specified education and experience requirements
Licenses and Certifications:
Conditions of Employment:
- Must pass a drug test, criminal history background check, periodic CJIS background check (for positions requiring access into Police buildings) and social security number verification check.
Physical Demands and Working Conditions:
- This is primarily a sedentary office classification although standing in work areas and walking between work areas may be required. Finger dexterity is needed to access, enter, and retrieve data using a computer keyboard or calculator and to operate standard office equipment; vision to read printed materials and a computer screen; hearing and speech to communicate in person and over the telephone.
- Positions in this classification occasionally bend, stoop, kneel, reach, push, and pull drawers open and closed to retrieve and file information. Employees must possess the ability to lift, carry, push, and pull materials and objects weighing up to 25 pounds.
- Employees work in an office environment with moderate noise levels, controlled temperature conditions, and no direct exposure to hazardous physical substances. Employees may interact with upset staff and/or public and private representatives in interpreting and enforcing departmental policies and procedures.
The above statements are intended to describe the general nature and level of work being performed and are not intended to be an exhaustive list of all responsibilities, duties and skills which may be required. The position also requires meeting the essential requirements of the Physical Demands and Working Conditions, with or without reasonable accommodation.