Treasurer

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.

Financial Management & Analysis

Manage and oversee weekly processing of all MSBA financial obligations, including approximately $1B in annual grant payments to districts.

Receive, record, and report monthly sales tax revenues.

Monitor cash activity to ensure timely processing and accurate recording in the accounting system.

Prepare, update, and report on grant payments and capital pipeline funding to support budgeting, borrowing schedules, and investment planning.

Prepare wire instructions for payroll, OPEB funding, and other transfers as directed.

Implement, review, and update internal control policies and procedures.

Conduct periodic review of general ledger accounts, ensuring accuracy and completeness; collaborate with Finance to resolve variances.

Debt Management

Manage and report all debt activities, including negotiating borrowings, preparing documentation and notes, and reporting results to the Board; ensure compliance with disclosure requirements.

Manage the MSBA debt portfolio and ensure adequate debt service coverage pursuant to bond indentures.

Monitor primary and secondary market activity for MSBA-issued securities.

Maintain and update debt portfolio; analyze and recommend refunding or defeasance opportunities for cost savings.

Review and update the MSBA Debt Management Policy.

Manage monthly revenue set-asides, transfers, and payments with the bond trustee in accordance with the trust agreement.

In partnership with the CFO, support development of annual and long-term financing plans, collaborating with bond counsel, investment banks, advisors, investors, and rating agencies.

Develop and maintain financial models to support recommendations on short- and long-term financing needs.

Banking & Investment Management

Serve as primary point of contact for MSBA commercial banking relationships; manage account activity and reporting requirements.

Invest funds to protect principal, maximize income, and maintain liquidity.

Ensure proper protection and custody of funds, securities, and financial instruments in accordance with state finance laws and MSBA Investment Management Policy.

Review and update the MSBA Investment Management Policy.

Maintain custody of MSBA OPEB trust funds, invest in accordance with trust agreement, and prepare quarterly investment performance reports for the OPEB Trust Committee.

Other Duties

Maintain and manage MSBA financial contracts (investment advisors, financial advisors, disclosure counsel); prepare bid documents or renewal agreements as needed.

Attend and present at MSBA Board meetings, investor meetings, credit agency presentations, and other meetings as required.

Perform other duties as assigned.

Supervisory Responsibilities

Supervise the Assistant Financial Analyst, including recruitment, onboarding, and training.

Lead and manage employee performance : set expectations, monitor progress, coach, and ensure compliance with MSBA policies and standards.

Required Education, Experience & Skills

Bachelor’s degree in finance, accounting, economics, or a related field.

Minimum 10 years of progressively responsible experience in treasury, public finance, or financial management (government or public sector preferred).

5+ years supervisory experience.

Strong knowledge of government finance, public fund investment, and debt issuance.

Demonstrated experience issuing municipal debt, including preparation of required documents and presentations.

Experience with debt management software and accounting systems.

Proficiency in Microsoft Office (Excel, Word, Access, PowerPoint, Outlook); advanced Excel skills required.

Strong verbal and written communication skills.

Proven success training and managing employees.

Ability to work independently and in a team environment.

Ability and willingness to travel occasionally and maintain strict confidentiality.

Preferred Qualifications

Master’s degree or professional certification (CPA, CTP, CFA).

Experience working with Massachusetts quasi-public agencies or authorities.

Knowledge of Massachusetts state and municipal finance laws.

#J-18808-Ljbffr