City Jobs in Salt Lake City, UT

City Treasurer

Under the general administrative direction of the Director of Finance, structures and services City debt; analyzes, monitors and controls cash flow; designs and implements investment portfolio; and prepares division budget and debt portfolio budgets. Has custodial responsibility for all money, bonds and securities belonging to the City. This is an appointed, at-will position without tenure and exempt from the career service system.

This position is eligible for full city benefits, including:

• Health Insurance
• Dental, Vision and Life Insurance
• Paid vacation and personal leave
• 6-12 weeks of paid parental leave available
• Retirement contributions toward a pension plan and/or 401(k)
• A robust Employee Assistance Plan (EAP)
• Up to $4,000 tuition reimbursement annually
• Discounted supplemental benefits like pet insurance and legal services

Typical duties include:

• Initiates methods and procedures for collecting, recording, investing and disbursing City funds. Coordinates with Revenue Planner to finalize projections for budget purposes. Directs and evaluates division performance including work of Special Assessment Areas, Cashiering and Cashier Training, Debt Management and Cash Management. Prepares Division budget and debt portfolio budgets.
• Develops, revises and administers City's investment program. Monitors performance and investment maturities, and moves money among accounts to maximize investment consistent with City's risk and diversification strategy, working cash needs and legal requirements. Considers alternative investment options; accounts for transactions. Assures investment portfolio is in compliance with Utah Money Management Act and Rules of the Money Management Council as currently amended. Keeps abreast of financial markets and investment climate. Stays current on public finance matters.
• Cultivates and maintains relationships with banks and other financial institutions.
• Daily invests and reinvests portfolio funds; analyzes cash flow patterns in light of disbursement and investment requirements. Recommends financial strategy where cash flow excesses or shortages appear likely. Releases and signs off on all investment actions as required by ordinance.
• Prepares all debt related City Council Transmittals for Council briefings and formal actions by the City Council. Works closely with City's financial advisor, bond counsel, underwriters, and trustee to set up new and refunding bond issues and review debt instruments, official statements, and legal documents. Evaluates flow-of-funds requirements to assure mechanisms are in place for timely payments of debt and other bond related fees.
• Participates in steering committee, training and other activities for development of software support for Treasurer's office. Troubleshoots problems.
• Arranges for arbitrage calculations following the issuance of debt by the City. Coordination of calculations for each bond issue occurs annually in most cases.
• Complies continuing disclosure information for dissemination to various national repositories on an annual basis.
• Oversees Special Assessment Areas (SAA's), cash management accounting, debt management accounting, and cashiering and cashier training functions. Consults with staff on design of financial presentations and other procedures, mediates on difficult situations involving disgruntled SAA property owners, and attends departmental meetings and training sessions.
• Coaches and instructs staff. Handles discipline and other issues within the division.
• Prepares schedules, gathers information and answers questions on year-end audit.
• Performs other related duties as required.

Minimum qualifications include:

• Graduation from an accredited university with a Bachelor's of Accounting, Economics or Business Administration and six (6) years responsible experience in cash or debt management functions dealing with investments, debt issuance and other financial strategies.
• Knowledge and experience in tax-exempt bond financing, knowledge of laws and ordinances governing the operations of City Treasury, municipal taxation, financial methods and procedures.
• Ability to analyze, plan, and install systems for money management, and investment portfolio and debt portfolio management.

Desired qualifications include:

• Experience in municipal financial and banking operations, government fund accounting, budgeting methods, and tax and grant collection.

Working conditions include:

• Mostly comfortable working conditions; light physical effort. Intermittent sitting standing and walking.
• Substantial exposure to stressful situations due to heavy accountabilities for controlling and handling large sums of money on a regular basis, including making revenue projections and investment decisions which may have negative consequences.

Position type: Full-Time

Position salary range: $110,000 annually - $165,000 annually

Department: Finance

Full Time/Part Time: Full time

Scheduled hours: 40