Treasurer

Work, Serve, Thrive. With the City of Durham
Advance in your career while making a real difference in the community you serve.

Hiring Range: $99,547.00 - $130,000.00 Annually
Hours: 8:00 am to 5:00 pm Monday-Friday

Join one of the highest fiscally rated entities in the country. The City of Durham’s Finance Department promotes sound management and stewardship of taxpayer dollars by helping the City Council, City Manager and City departments manage their financial resources. If sound fiscal management is what you’re about, join our team!

Devoted to providing paraprofessional fiscal support and professional fiscal analysis and management for the City's accounting, treasury, payroll, and accounts receivable/payable support. Serves as a second level supervisor and has middle management level responsibilities.

Responsible for making interpretive decisions on behalf of the organization regarding the means for executing the goals established by the relevant executives and governing body subject to constraints imposed by available technology and resources. Such interpretive decisions provide context for the work to be accomplished by subordinates supervised within the units managed.

• Oversees daily operations and directs work flow for the Treasury and General Billing and Collections divisions; supervises professional staff, including planning, assigning, and evaluating work; training and coaching staff; plans, prioritizes, and manages programs, projects, and operations; develops and implements financial controls and policies and procedures; convenes and facilitates meetings; and ensures compliance with applicable regulations, policies, procedures and contracts.
• Plans and coordinates the preparation of, and prepares, maintains, reviews, and/or submits policy, operational, financial, analytical, economic, legal, annual, and related reports, records, contracts, bid documents, plans, agenda items, and other documents; oversees the preparation of correspondence; maintains databases and online systems; manages the research, compilation, and/or reconciliation of information; manages, directs and reviews the preparation of complex financial analyses; and develops and makes recommendations.
• Prepares and manages budgets; monitors and approves expenditures; evaluates work unit needs; researches and analyzes data; prepares and/or reviews cost estimates, financial forecasts and projections; and allocates resources to applicable programs and projects.
• Oversees the division’s procurement process; researches and evaluates program, project, and department needs; participates in, and/or conducts negotiations; and develops and implements purchasing guidelines and approves purchasing recommendations.
• Coordinates with, and/or serves as a liaison to, City leadership, vendors, City management, auditors, and City departments, and/or external agencies; attends meetings and serves on committees, representing the department on policy and regulatory matters; resolves complex and high-impact project and department issues; facilitates audit operations and provides professional subject matter expertise and consultation regarding financial information.
• Supervises professional, paraprofessional and support staff including conducting performance evaluations, coordinating training, and implementing hiring, discipline, and termination procedures.
• Oversees comprehensive revenue billing and collections activities related to the City's general billing segments; collection proceedings for utility and for lien-related customer accounts; revenue collections activities for cashier deposit operations and the execution and program management for receivable-related service contracts.
• Oversees the City’s investment portfolio and ensuring effective cash management to support operational and strategic financial needs. Manages daily liquidity, monitors cash flow trends, and implements investment strategies that prioritize safety, liquidity, and yield in accordance with City policies and regulatory requirements; continually evaluates market conditions, selects appropriate investment instruments, and maintains compliance with all applicable laws and internal controls; provides timely financial reporting, supports long term financial planning, and safeguards public funds through prudent and transparent fiscal stewardship.
• Manages the City’s long term debt portfolio in compliance with Federal, State, and Local regulations, ensuring adherence to required accounting and financial procedures. Responsibilities include developing and maintaining debt models to support long range capital planning; conducting debt projections; and overseeing activities related to bond sales, bond arbitrage, and lease purchase financing; advises City leadership and departments on future debt issuances, including optimal timing and financing structures, and manages project level cash flow schedules tied to debt funded capital projects. Ensures timely and accurate payment of debt service; preparation of the annual debt service expenditure budget; reviewing and approving eligible bond reimbursements while maintaining appropriate internal controls. Ensures accurate and timely SEC mandated disclosures and other regulatory reporting; updates and maintains debt service software platforms; and prepares debt related schedules for inclusion in the City’s Annual Financial Report. Completes ad hoc financial and debt analyses as needed to support informed decision making and to help maintain the City’s AAA credit rating.
• Monitors municipal bond market and collaborates with industry partners to identify potential refunding opportunities which could save money for the City/taxpayers due to reduced debt service costs.
• Participates/leads meetings for City financings and reviews legal financing documents and coordinates and/or completes required City actions.
• Manages financial institution contracts and relationships.
• Bachelor’s degree in accounting, finance, business administration or a related field,
• Six years of professional accounting/financial experience in work related to assignment
• Two years of supervisory experience.
• Degree in Accounting or Finance
• Masters, Accounting, MBA or MPA preferred,
• A CPA designation, Certified Management Accountant, or Certified Local Government Financial Officer designation is preferred.