TREASURY OFFICER*

City of Riverside; Riverside (CA); On-site; USD 90,000 - 130,000; Full time

Job summary

The City of Riverside's Finance Department is seeking a Treasury Officer to lead the Debt & Treasury Division. This role ensures liquidity, manages cash, oversees banking relationships, and maintains internal controls in accordance with City policies and applicable law.

Typical duties include directing funds collection and disbursement, supervising Treasury staff, developing cash forecasting, and coordinating with the Investment Advisor to implement investment strategies aligned with policy.

Qualifications

• Five years of professional experience performing revenue management duties, including cash management, investment, finance, accounting, banking and cash control.

Responsibilities

• Direct and oversee the collection, custody and disbursement of City funds, including monitoring bank, custodial and liquidity accounts to ensure security of assets and regulatory compliance.
• Manage and evaluate banking and financial service providers; coordinate with banking partners to ensure regulatory compliance, resolve issues and optimize service delivery.
• Plan, assign and supervise Treasury staff; provide training, performance evaluation and professional development.
• Develop and maintain Treasury policies and procedures related to cash handling, revenue collection and reconciliation, fraud prevention, cybersecurity, and handling of sensitive financial information.
• Oversee treasury processes, including automation and system enhancements to increase efficiency and internal controls.
• Maintain centralized cashiering and revenue systems, including user access controls and vendor coordination.
• Prepare budget for the Treasury Division and coordinate with City departments on initiatives; monitor market conditions with Investment Advisor to align with Investment Policy.

Education

Bachelor’s degree in finance, accounting, business administration, public administration or closely related field

Job description

The City of Riverside, Finance Department is accepting applications for the position of Treasury Officer* to fill one (1) vacancy in the Debt & Treasury Division. The eligibility list established may be used to fill the current and/or upcoming vacancies within this classification for up to six (6) months.

Under Senior management direction, plans, organizes, and reviews the City’s Treasury operations, including cash management, banking relationships, investments, revenue collection systems, disbursement of City funds, and internal controls. Ensures compliance with applicable laws, regulations and City policies while safeguarding public funds and maintaining adequate liquidity to support City Operations.

*Treasury Officer is a working title intended to more accurately reflect the current vacancy. To view the approved job classification, click HERE.

Typical duties may include, but are not limited to, the following:

• Direct and oversee the collection, custody and disbursement of City funds, including monitoring bank, custodial and liquidity accounts to ensure security of assets and compliance with contractual service level agreements and regulatory requirements.
• Manage and evaluate banking and financial service providers; maintain ongoing coordination with banking partners to ensure regulatory compliance, resolve issues and optimize service delivery.
• Manage and evaluate the vault and armored car service providers.
• Plan, assign and supervise the work of Treasury staff; provide training, performance evaluation and professional development to ensure high-quality service and adherence to best practices.
• Lead the development, implementation and maintenance, and training of Treasury policies and procedures related to cash handling, revenue collection and reconciliation, customer service, fraud prevention, cybersecurity, and handling of sensitive financial information.
• Oversee and continuously improve Treasury business processes, including identifying and implementing automation and system enhancements to increase efficiency, accuracy and internal controls.
• Administer and maintain the City’s centralized cashiering and revenue collection systems, including user access controls, merchant account setup, coordination with IT and deployment of system/software enhancements and training.
• Establish and maintain robust short- and long-term cash forecasting and reporting processes in alignment with GFOA and CSMFO guidelines; analyze cash flow trends and recommend strategies to optimize liquidity and investment of surplus funds.
• Collaborate with the City’s Investment Advisor, CFO/Treasurer, or other high level Senior Management to monitor market conditions and develop investment strategies consistent with the City’s Investment Policy. Assist the CFO/Treasurer or other high level Senior Management with annual review and update of the City’s Investment Policy.
• Ensure all Treasury activities, financial records and supporting documentation are accurate properly controlled and audit-ready; oversee compliance with internal and external audit requirements.
• Maintain and strengthen internal controls over cash handling and revenue collection processes citywide, conducting regular trainings for best practices and fraud prevention measures.
• Coordinate with City departments to support new initiatives, provide Treasury-related guidance and implement efficient financial processes.
• Prepare the Treasury Division’s budget for all required contracts and external vendors.
• Stay current on industry trends, fraud prevention and risk management practices and regulatory changes, and participate in relevant professional associations (such as California Municipal Treasury Association, Government Finance Officers Association, California Society of Municipal Financial Officers), providing regular updates to CFO/Treasurer, or other high level Senior Management.

Education

Equivalent to a Bachelor’s degree from an accredited college or university with major coursework in finance, accounting, business administration, public administration or a closely related field.

Experience

Five years of professional experience performing revenue management duties, including cash management, investment, finance, accounting, banking and cash control.

DOCUMENTS REQUIRED AT THE TIME OF APPLICATION

• Completed Employment Application
• Completed Supplemental Questionnaire

FOR GENERAL INFORMATION ON COMPLETING YOUR ON-LINE APPLICATION, CLICK HERE: (Application Guide)

The selection process will begin with an employment application package screening, with the best qualified candidates being invited to participate further in the assessment process. This process may include any combination of written, performance, and oral assessments to evaluate job-related education, experience, knowledge, skills, and abilities. Those who successfully complete the selection process will be placed on the eligibility list for this classification.

The City of Riverside does not provide sponsorship for employment-based work visas. Candidates must be legally authorized to work permanently in the United States without the need for visa sponsorship now or in the future.

An exception may be made if the selected candidate is eligible to work in the United States as a USMCA professional in the TN nonimmigrant classification.

IMPORTANT INFORMATION ON SCHEDULING ASSESSMENTS

If you are selected to move forward in the assessment process, you may be required to self-schedule your appointment. You will be notified via email of your status and provided with self-scheduling instructions. Please check your email regularly following the closing date of this recruitment.

Positions that require, or may require, a California Commercial Driver’s License are considered Safety Sensitive and are monitored by the U.S. Department of Transportation. Any candidate being considered for a Safety Sensitive position must submit authorization forms to the City immediately upon request to begin the pre-employment process.

It is the responsibility of candidates with a disability requiring accommodation in the assessment process to contact the Human Resources Department in writing to request such accommodation prior to the closing date of this recruitment.

Appointment may be subject to the successful completion of a pre-employment background investigation, drug screen, and/or medical/physical examination.

NOTE

The City reserves the right to modify selection devices and test instruments in accordance with accepted legal, ethical, and professional standards. Candidates may reapply when there is a posting to establish an eligibility list.

EDUCATIONAL REQUIREMENTS

Proof of education listed in your application will be requested at the time of conditional offer. Acceptable documentation consists of transcripts or degree, if applicable, by the accredited U.S. college or university.

Education obtained outside the United States (US) require one of the following options:

1. An equivalency statement from an evaluation company certified by the National Association of Credential Evaluation Services (NACES) at Members – NACES or the Association of International Credential Evaluators Inc. (AICE) at http://aice-eval.org/members/.
2. An advanced-level degree from an accredited US college or university.

All applicants will be notified via e-mail or telephone of their application status and the assessment dates/times/locations after the closing date of this announcement.

THE PROVISIONS OF THIS JOB ANNOUNCEMENT DO NOT CONSTITUTE AN EXPRESSED OR IMPLIED CONTRACT.