Required Qualifications and Skills:
- Bachelor’s degree from an accredited college or university with major course work in finance, accounting, business administration, or a related field
- Four (4) years of relevant experience
- Must possess strong interpersonal skills
- Must possess a Notary Public certification or must be obtained within 120 days of employment
Under direction, performs a variety of duties involved in coordinating the City’s Cash and Bonded Debt Management function; coordinates banking and credit cards services; and participates in the preparation of the City’s annual financial and budget documents.
Scope of Responsibility:
Incumbent is familiar with department operations and is able to work with minimal assistance. Working under general management guidance, incumbent sets precedent within limits and administers operating rules and procedures. Incumbent solves complex problems by applying business approaches in new ways and recommends new alternatives to resolve problems. Incumbent must frequently interact with other City employees and outside vendors to provide detailed procedural explanations and technical information.
Essential Duties and Responsibilites
Cash Management Services
- Provides cash management services for all City funds; invests all City funds through pooled and separate investments; enters investment information into financial and investment systems; balances investments; calculates actual and accrued interest including market adjustments.
Bond Program
- Manages City bonded debt, coordinates the timing of bonds sales, and the responsibilities and assignments related to bond sales with bidders, attorneys and City staff, including council memos, review of resolutions and offering statements, assists with the signing, delivery and closing of bond issues, disbursement of interest and principal payments, and calculations of cash for bond calls. Coordinates reporting for post issuance compliance including arbitrage and continuing disclosure requirements.
- Prepares call notices, submits interest and principal payments to bondholders and paying agents; enters and balances principal payments into financial system; prepares 1099s for principal and interest payments on bonds.
Banking Services
- Coordinates the City’s banking services; prepares entries for electronic bank transactions, wire transfers, and other miscellaneous transfers through bank; coordinates and resolves questions between bank and City departments and cashier on all aspects of cash management.
- Administrator for Converge credit card transactions.
- Transmits payroll, Accounts Payable, positive pay, and other electronic banking files to the bank.
- Coordinates collection of bad checks.
- Updates daily entries to City financial system and checks cash balances; prepares corrections to bank accounts after accounts have been reconciled.
Departmental Duties
- Prepares debt and cash audit work papers.
- Assists City accounting staff with the preparation of audit and financial statements.
Performs other duties as assigned.