Director, Treasury

Metropolitan Council; Saint Paul (MN); On-site; USD 135,000 - 219,000; Full time

Job summary

The Metropolitan Council in Minnesota seeks a Director, Treasury to lead a small finance team and serve as the Council's primary liaison with financial institutions, advisors, and investors.

You will direct investment activities, debt management, and cash management, deliver quarterly reports, and develop strategies to ensure liquidity, compliance, and strong financial controls across the portfolio.

Qualifications

• Master's degree and seven (7) years of experience including three (3) years primary responsibility over cash management, debt management, and investments with five (5) years of supervisory/management experience.
• Bachelor's degree and nine (9) years of experience including three (3) years primary responsibility over cash management, debt management, and investments with five (5) years supervisory/management experience.
• Associate degree and eleven (11) years of experience including three (3) years primary responsibility over cash management, debt management, and investments with five (5) years supervisory/management experience.

Responsibilities

• Direct the investment activities for the Council's investment portfolio including short-term, long-term and other post-employment benefit trust funds.
• Oversee the debt management of the Council.
• Direct Council's cash management and banking activities.
• Reporting financial data and customer service - internal and external.

Skills

Debt management

Cash management

Investments

Supervisory/management experience

Public finance experience

Financial reporting

Education

Master's degree

Bachelor's degree

Associate degree

Tools

PeopleSoft/Oracle/SAP/Workday

Job description

WHO WE ARE

The Metropolitan Council's Regional Administration Division is accepting applications for a Director, Treasury.

The position leads a staff of three (two senior financial analysts, one accountant) and is the Council's primary liaison with financial institutions, investment brokers, merchant card processors, external legal counsel, municipal advisors, rating agencies, and Council bond investors.

We are the Metropolitan Council, the regional government for the seven-county Twin Cities metropolitan area. We plan 30 years ahead for the future of the metropolitan area and provide regional transportation, wastewater, and housing services.

More information about us is on our website.

What you would do in this job

1. Direct the investment activities for the Council's investment portfolio including short-term, long-term and other post-employment benefit trust funds.

• Provide strategic organizational planning for short-term and long-term investments for the Council.
• Manage diesel fuel hedging program to provide budget certainty for transit operations.
• Oversee the Other Post-Employment Benefit Trust fund.

2. Oversee the debt management of the Council.

• Provide strategic organizational capital finance planning and execution. Including debt analysis, structuring and issuance of bonds, GANs and MPFA loans.
• Coordinate capital financing needs of operating divisions and directs issuance of debt. Consults with municipal advisors, bond counsel, and rating agencies regarding size, structure, security and repayment of debt.
• Manages the initial and ongoing compliance with Internal Revenue Code and regulations for tax-exempt debt and arbitrage requirements. Manages initial and ongoing compliance with bond covenants and reporting requirements.

3. Direct Council's cash management and banking activities.

• Direct daily banking (oversee general banking activities to assure adequate controls and sufficient daily cash flows).
• Develops cash flow forecasts.
• Directs merchant banking activities (credit cards, fare media) facilitating and meeting PCI security standards and compliance.

4. Reporting financial data and customer service - internal and external.

• Develops relationships and promotes customer service with operating divisions.
• Maintain internal controls over the Council's cash and investments.
• Maintains contract relationships with banks and financial parties. Prepare RFPs for financial services.
• Plan, distribute, assign, counsel, coach and review staff work to assure responsibilities/priorities are addressed timely and accurately (including: 1:1 meeting, team meetings, and performance reviews).
• Lead staff to provide a workplace environment that supports diversity.
• Provides quarterly investment reports to the Council's Investment Review Committee and Management Committee.

What education and experience are required for this job (minimum qualifications)

Education & Experience:

Any combination of completed education (in public finance, finance, economics, accounting or math) and progressively responsible experience (in finance, investment management, treasury management, capital finance or debt management, including having primary responsibility over cash management and investments equivalent to size/scope of the Council with supervisory/management experience). This position requires a professional and practical level of understanding of accounting, financial reporting and financial management that is acquired through a degree program.

• Master's degree and seven (7) years of experience including three (3) years primary responsibility over cash management, debt management, and investments with five (5) years of supervisory/management experience.
• Bachelor's degree and nine (9) years of experience including three (3) years primary responsibility over cash management, debt management, and investments with five (5) years supervisory/management experience.
• Associate degree and eleven (11) years of experience including three (3) years primary responsibility over cash management, debt management, and investments with five (5) years supervisory/management experience.

What additional skills and experience would be helpful in this job (desired qualifications)

• Experience with investment/financial reporting software and Enterprise Resource Planning systems (e.g., PeopleSoft/Oracle/SAP/Workday).
• Public finance experience.
• Merchant banking experience.
• Debt management experience.
• Chartered Financial Analyst (CFA), or Certified Treasury Professional (CTP), preferred.
• Knowledge of finance processes and practices (cash management, financial analysis, investing, economics, risk management.
• Knowledge of fixed income securities and financial markets, including municipal bonds.
• Knowledge of accounting/investment best practices and ability to create and implement new business processes and internal controls.
• Knowledge of management/supervisory practices, performance management (coaching, counseling, staff development, performance improvement, discipline).
• Effectively report information to senior management and Council committees - with written and verbal communication and presentation skills.
• Negotiation, facilitation and interpersonal skills including ability to effectively work through complex issues.
• Project management and program development skills.
• Proficiency with Microsoft Office Suite.
• Ability to establish and maintain good working relationships - work effectively and provide excellent customer service to operating divisions.
• Ability to organize complex information and to effectively report information to senior management and Council committees.
• Ability to promote an equitable, positive, and respectful work environment that values culture and diversity among all employees.

What you can expect from us:

1. We offer the opportunity to make a difference and positively influence the Twin Cities metropolitan area.
2. We encourage our employees to develop their skills through on-site training and tuition reimbursement.
3. We provide a competitive salary, excellent benefits and a good work/life balance.
More about why you should join us!

Additional information

Union/Salary Grade: NRC / Grade M

FLSA Status: Exempt

Safety Sensitive: No

Full Salary Range: $64.89 - $105.35 hourly / $134,971.20 - $219,128.00 annually

The responsibilities listed are typical of the positions included in the job classification; however, not all duties are necessarily performed by each specific position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties of the position. Regular attendance is an essential responsibility.

The Metropolitan Council is an Equal Opportunity, affirmative action, and veteran-friendly employer. The Council is committed to a workforce that reflects the diversity of the region and strongly encourages persons of color, members of the LGBTQ community, individuals with disabilities, women and veterans to apply.

If you have a disability that requires accommodation during the selection process, please email [e-mail].