Under limited direction, this is a professional position responsible for managing cash requirements and the utility investment portfolio, and providing complex technical support to the Treasury & Accounting Support Services Manager in all operational areas of the finance division.
Establishes and oversees accounting procedures and internal controls for cash receipts and disbursement, fund balances, and investment policies. Oversees all treasury/cash and corporate credit cards functions and reviews bank account analysis to ensure charged monthly fees are correct. Recommends and implements new banking products, services and cost saving initiatives. Monitors, tracks, and funds bank accounts to ensure they are properly collateralized to meet state statutes. Manages daily cash positioning and cash flow forecasting to maximize cash for investing and minimize borrowing costs. Actively monitors and assesses the cash forecast, and coordinating with Accounting and Finance Departments as required to support cash flow-related management and Board of Director reporting. Monitors current market conditions; reviews and analyzes investment offerings, including contact with brokers/dealers for quotes; assists in investing utility’s funds as required. Assists the manager in a variety of administrative matters such as preparing Requests for Proposals (RFP) for banking/treasury related services; preparing information for a variety of on-demand reports. Participates in the evaluation of the utility’s financing activities and bank services. Coordinates the activities of all utility debt related bank and Federal Reserve transactions for proceeds and debt service amount. Works with internal and external resources to ensure that all cash-related needs of existing and/or new business interest are addressed timely and accurately. This includes coordinating efforts associated with merchant credit card services, lockbox, and other related third parties. Responsible for all special reports on a monthly basis and presents to management. Administers bank and wire requirements for grant funds and ensures that the utility complies with financial and legal requirements. Completes other duties as assigned.