Treasurer

Job Description

Job Description

Job Title :                      Treasurer

Department :              Finance

Reports To :                  Chief Financial Officer

FLSA :                           Exempt

Grade :                       14

Position Summary

Reporting to the Chief Financial Officer (CFO), the Treasurer is a senior member of the Finance Department. This role involves a high degree of responsibility and the opportunity to make a meaningful impact, with accuracy being essential due to the role’s financial significance.

The Treasurer is responsible for all MSBA funds and investments, managing cash and investment activities, banking relationships, and cash flows in a fiscally prudent manner and in accordance with applicable state laws and MSBA policies. The Treasurer reports on MSBA cash and investment balances, debt, receipts and disbursement of funds and manages the MSBA’s debt portfolio including overseeing the issuance of new debt and realizing debt savings by optimizing refunding opportunities.

Essential Responsibilities

• Financial Management and Analysis
• Manage and administer the weekly processing of all MSBA financial obligations, which includes approximately $1 billion in grant payments to districts, annually.
• Receive, record and report on monthly sales tax revenues.
• Report on cash activities to ensure timely processing and recording in the accounting system.
• Prepare, monitor, update, and report on grant payments and funding for the capital pipeline to assist with budgeting, borrowing schedules, and investments.
• Prepare wire instructions for payroll and OPEB funding and other transfers as directed.
• Implement, review, and update related internal control policies and procedures.
• Perform periodic review of the MSBA’s general ledger accounts for accuracy and completeness and work with other finance staff to review and remedy variances.

Debt Management

Banking and Investment Management

Other duties

Supervisory Responsibilities

Required Education, Experience, and Skills

Preferred Education, Experience, and Skills

This job description is intended to be general and will evolve over time. The description is subject to periodic updating. At management’s discretion, the employee may be assigned different or additional duties from time to time.