Washington Metropolitan Area Transit Authority Treasury Manager in District Of Columbia

Job Description

Posting/Position Details:

All WMATA posted job openings are available through 11:59 pm the night before the noted Close Date. To ensure successful submission of application applicants are encouraged to apply well before this cut-off. The noted Close Date is the date on which the posting is automatically removed from the website as of 12:00am at which time submission of an application is no longer possible. (WMATA reserves the right to remove postings at any time without notice as business needs demand.)

Marketing Statement:

Seeking technology-oriented treasury professional who thrives ini a collaborative environment to implement treasury workflow process changes leveraging existing ERP technology. Must have demonstrated proficiency with Excel.

MINIMUM QUALIFICATIONS

*Education *

Bachelor’s Degree in Business Administration, Finance, Accounting or a related field from an accredited college or university

Experience

Seven (7) years of progressively responsible experience in cash management with focus on receipts, disbursements, investments and process improvement.

PREFERRED

Master’s Degree in Business Administration, Finance, Accounting, or a related field from an accredited college or university. CPA certification will be considered in lieu of advanced degree.

*Certification/Licensure *

Certified Treasury Professional

Medical Group:

Satisfactorily complete the medical examination for this position, if required. The incumbent must be able to perform the essential functions of this position either with or without reasonable accommodations.

SUMMARY

This position is responsible for managing the Authority's cash management functions, which include oversight and approval of the daily cash position, developing daily and monthly cash forecasts, monitoring and reporting of all cash flows, and ensuring excess and deficit cash positions are supported by short-term investments or borrowing. Incumbent serves as the subject matter expert on cash management technology enhancements and initiatives and leads cash management implementations. The incumbent creates and maintains policies, procedures, and internal controls supporting the Authority's cash management functions and oversees the development and training of cash management staff. The incumbent has latitude for independent judgment and action within established guidelines. This position reports to the Director of Treasury Operations through periodic reviews and conferences. This is a professional financial assignment of a difficult and complex nature.

ESSENTIAL FUNCTIONS

Reviews and approves daily cash activities performed by treasury staff by approval of wires through Automated Clearing Houses (ACH), account sweeps, and other funding activities.

Maximizes investment income of portfolio within the guidelines of the Authority’s investment policy. Provides timely and accurate cash and investment reports for review by supervisor and distribution to senior management.

Evaluates and approves processes to maintain segregation of capital-related funds from operating cash by providing ongoing review of key treasury controls and departmental processes, controls, job aids, and policy documents. Recommends and implements process efficiencies and improvements.

Ensures all bank account documentation, including authorized employee list for each bank account, is maintained and updated regularly. Maintains bank account structure and strategy, including opening new /closing old accounts as needed to facilitate business requirements.

Forecasts daily cash positions; identifies and tracks sources and uses of cash activity – both operating and capital while setting investment time horizons to optimize investment income.

Conducts benchmark studies of bank services and create interdepartmental partnerships to identify cash management needs and ensures the Authority optimizes banking technology.

Ensures compliance with tax-exempt bond compliance policies and annual reporting.

Cultivates and maintains strong working relationships with staff members, business contacts, banking partners, and other service providers and vendors.

OTHER FUNCTIONS

The essential duties listed are not intended to limit specific duties and responsibilities of any particular position. Nor is it intended to limit in any way the right of managers and supervisors to assign, direct and control the work of employees under their supervision.

Evaluation Criteria:

Consideration will be given to applicants whose resumes demonstrate the required education and experience. Applicants should include all relevant education and work experience. Evaluation criteria may include one or more of the following:

  • Personal Interview
  • Skills Assessments
  • Verification of education and experience
  • Criminal Background Check
  • Successful completion of a medical examination including a drug and alcohol screening
  • Review of a current Motor Vehicle Report

Closing:

Washington Metropolitan Area Transit Authority, a Federal contractor, is an Equal Opportunity / Affirmative Action employer. All qualified applicants receive consideration for employment without regard to race, color, creed, religion, national origin, sex, gender, gender identity, age, sexual orientation, genetic information, physical or mental disability, or status as a protected veteran, or any other status protected by applicable federal law, except where a bona fide occupational qualification exists. Our hiring process is designed to be accessible and free from discrimination.

This posting is an announcement of a vacant position under recruitment. It is not intended to replace the official job description. Job descriptions are available upon confirmation of an interview.

Job Title: Treasury Manager

Job ID: 170610

Full/Part Time: Full-Time

Regular/Temporary: Regular

Union: NRP

Location: DC-Jackson Graham Bldg-5th Fl