Whatsapp
Posted : Tuesday, April 30, 2024 02:35 AM
Description/Duties
First review of applications will be Monday, March 11, 2024, and weekly thereafter until filled.
This classification has been designated as a non-classified, non-merit system, at-will position.
The Treasurer within the Financial Services Department is responsible for a variety of highly complex professional-level duties involving the City’s Investments, Debt, Community Facility Districts (CFD), and Deferred Compensation.
An employee in this class provides input to policy development/revision activities and is expected to explain/interpret policy to other employees in the Accounting Division and to employees in various City departments.
Specific duties include: the issuance of long-term debt vehicles to meet capital demands, the implementation of refinancing and/or refunding options to reduce costs or maximize savings, the use of investment vehicles that optimize the City’s financial portfolio, and dissemination of financial information to the public and credit rating agencies for disclosure purposes.
This position works with the Finance Director and Chief Financial Officer (CFO) to manage the following programs and performs related administrative and management duties as required.
Cash & Investment Management Program: This position manages the use of the City’s fiscal portfolio and executes all cash and investment functions within the City which includes: - Developing and coordinating anticipated cash flows of the City’s accounts to ensure accurate revenue forecasts and optimal investments; - Analyzing current market trends and making appropriate decisions on asset allocation, portfolio duration, and best yield available to meet the City’s investment objective; - Securing and investing City Funds; - Developing and managing relationships with brokers, money managers, and consultants; - Placing investments through brokers and other financial service providers; - Reviewing existing City investments to ensure they comply with the City’s investment policy; and - Preparing investment analysis and financial reports and statements for the Finance Director and CFO.
Debt Management Program: This position oversees the issuance, management, and ongoing reporting of the City’s debt program which includes: - Coordinating the structuring and issuance of long-term debt for both the City and CFDs at appropriate intervals and in reasonable amounts that support approved capital expenditures; - Determining City’s and CFD’s overall bond capacity and provide assistance on new financing programs; - Working with a contracted financial advisor to develop and optimize debt service costs and ensure maximum value is realized for the City; - Working with a contracted financial advisor, Finance Director, and CFO on planned refinancing and/or refunding options to reduce costs or maximize savings for both the City and CFDs; - Assisting in the preparation of bond documents including preliminary and final official statements for both the City and CFDs; - Serving as the liaison to bond rating agencies and institutional investors for both the City and CFDs; - Ensuring compliance with all terms, conditions, and disclosure required by the legal documents governing the debt issuances and refunding of debt as appropriate, including Internal Revenue Service (IRS) and Municipal Securities Rulemaking Board (MSRB) rules and regulations; - Overseeing arbitrage compliance of City bond issues; - Working with the City’s Bonding Agent to assure timely payments of all debt obligations (principal and interest for both the City and CFDs); and - Calculating annual Property Tax Rate for City and CFDs and preparing related City Council and CFD Board documents for their consideration.
Community Facilities Districts Program: Represents the City to other agencies, developers, consultants, and the public in the development, formation, and maintenance of various districts such as CFD's and Improvement Districts, ensuring compliance with state and municipal ordinances.
The Treasurer’s work assignments are broad in scope and are performed with considerable independence.
This class is supervised by the Finance Director through reports, meetings, and conferences regarding overall results achieved.
This class is FLSA exempt-administrative.
Please refer to the link below for the full job description and additional information regarding assignments, preferred qualifications, and essential functions.
Qualifications & Requirements Employee Values: All employees of the City of Mesa are expected to uphold and exhibit the City's shared employee values of Knowledge, Respect, and Integrity.
Minimum Qualifications Required.
Graduation from an accredited college or university with a Bachelor’s Degree in Finance, Economics, or related field.
Extensive (5+ years) full-time, professional level employment in accounting, budgeting, finance, or closely related financial position.
Preferred/Desirable Qualification.
Considerable (3 - 5 years) prior governmental experience in investment management and debt management.
This classification has been designated as a non-classified, non-merit system, at-will position.
The Treasurer within the Financial Services Department is responsible for a variety of highly complex professional-level duties involving the City’s Investments, Debt, Community Facility Districts (CFD), and Deferred Compensation.
An employee in this class provides input to policy development/revision activities and is expected to explain/interpret policy to other employees in the Accounting Division and to employees in various City departments.
Specific duties include: the issuance of long-term debt vehicles to meet capital demands, the implementation of refinancing and/or refunding options to reduce costs or maximize savings, the use of investment vehicles that optimize the City’s financial portfolio, and dissemination of financial information to the public and credit rating agencies for disclosure purposes.
This position works with the Finance Director and Chief Financial Officer (CFO) to manage the following programs and performs related administrative and management duties as required.
Cash & Investment Management Program: This position manages the use of the City’s fiscal portfolio and executes all cash and investment functions within the City which includes: - Developing and coordinating anticipated cash flows of the City’s accounts to ensure accurate revenue forecasts and optimal investments; - Analyzing current market trends and making appropriate decisions on asset allocation, portfolio duration, and best yield available to meet the City’s investment objective; - Securing and investing City Funds; - Developing and managing relationships with brokers, money managers, and consultants; - Placing investments through brokers and other financial service providers; - Reviewing existing City investments to ensure they comply with the City’s investment policy; and - Preparing investment analysis and financial reports and statements for the Finance Director and CFO.
Debt Management Program: This position oversees the issuance, management, and ongoing reporting of the City’s debt program which includes: - Coordinating the structuring and issuance of long-term debt for both the City and CFDs at appropriate intervals and in reasonable amounts that support approved capital expenditures; - Determining City’s and CFD’s overall bond capacity and provide assistance on new financing programs; - Working with a contracted financial advisor to develop and optimize debt service costs and ensure maximum value is realized for the City; - Working with a contracted financial advisor, Finance Director, and CFO on planned refinancing and/or refunding options to reduce costs or maximize savings for both the City and CFDs; - Assisting in the preparation of bond documents including preliminary and final official statements for both the City and CFDs; - Serving as the liaison to bond rating agencies and institutional investors for both the City and CFDs; - Ensuring compliance with all terms, conditions, and disclosure required by the legal documents governing the debt issuances and refunding of debt as appropriate, including Internal Revenue Service (IRS) and Municipal Securities Rulemaking Board (MSRB) rules and regulations; - Overseeing arbitrage compliance of City bond issues; - Working with the City’s Bonding Agent to assure timely payments of all debt obligations (principal and interest for both the City and CFDs); and - Calculating annual Property Tax Rate for City and CFDs and preparing related City Council and CFD Board documents for their consideration.
Community Facilities Districts Program: Represents the City to other agencies, developers, consultants, and the public in the development, formation, and maintenance of various districts such as CFD's and Improvement Districts, ensuring compliance with state and municipal ordinances.
The Treasurer’s work assignments are broad in scope and are performed with considerable independence.
This class is supervised by the Finance Director through reports, meetings, and conferences regarding overall results achieved.
This class is FLSA exempt-administrative.
Please refer to the link below for the full job description and additional information regarding assignments, preferred qualifications, and essential functions.
Qualifications & Requirements Employee Values: All employees of the City of Mesa are expected to uphold and exhibit the City's shared employee values of Knowledge, Respect, and Integrity.
Minimum Qualifications Required.
Graduation from an accredited college or university with a Bachelor’s Degree in Finance, Economics, or related field.
Extensive (5+ years) full-time, professional level employment in accounting, budgeting, finance, or closely related financial position.
Preferred/Desirable Qualification.
Considerable (3 - 5 years) prior governmental experience in investment management and debt management.
• Phone : NA
• Location : Mesa, AZ
• Post ID: 9097693081
