GeneralThe Director, Treasury reports to the Chief Financial Officer and is responsible for directing investment activities, cash flow, debt, revenue, and fare program administration for the San Mateo County Transit District (SamTrans), the Peninsula Corridor Joint Powers Board (Caltrain), the San Mateo County Transportation Authority (TA), and the San Mateo County 101 Express Lanes JPA (EL).
APPLICATION DEADLINE: Sunday, September 15, 2024 (1st Cutoff Sunday, September 1, 2024) Essential Functions & DutiesExamples of Essential Functions:
- Responsible for directing short-term cash flow activities, treasury services and operations, debt & investment strategy, and revenue programs ensuring reporting requirements.
- Liaison to cash and compliance management service providers; maintain banking relationships, SMA Portfolio managers, Finance and Municipal Advisors and other vendor relations as necessary.
- Manage investments, debt design, and debt/investment strategy.
- Direct revenue management including Fare Revenue and Fare Media; participate in various internal and external policy settings boards, including Title VI compliance and reporting.
- Oversee revenue collection programs including accounting, auditing and financial reporting for all fare types for Caltrain, SamTrans, TA, and EL.
- Work cross-functionally with internal departments to ensure successful execution of key projects for the Treasury Department.
- Supervise staff. Hire, mentor, train, coach, and take appropriate corrective and/or disciplinary action. Ensure EEO policies and procedures are followed. Participate in selection of staff. Coordinate staff training and professional development. Establish performance objectives. Monitor and evaluate employee performance.
Examples of Essential Duties:
- Oversee Debt reporting to the Municipal Securities Rulemaking Board (MSRB), the California State Debt and Investment Commission (CDIAC), and arbitrage reporting to the Internal Revenue Service.
- Direct development of procedures and processes including an internal control system, audit review, accounting and reporting of all revenue streams and treasury functions.
- Oversee activities necessary in direct long-term and short-term financing activities. These include but are not limited to: entering into and maintaining leveraged lease transactions, revenue bonds, letters of credit, liquidity facilities throughout the life of any financing.
- Responsible for directing all financial reporting and compliance for all investment and revenue activities to local, state, and federal agencies, funding sources, and other financial institutions.
- Maintain relationships with various law firms, underwriters and municipal and financial advisors to keep abreast of changes in the market and potential refinancing opportunities, and to have adequate interest and responses to RFP’s in the forming of debt teams.
- Direct banking relationships and operations and handling of credit card merchant accounts.
- Review documents to ensure compliance with bonds and note covenants and other debt instruments.
- Work with Investment portfolio managers, maintain adequate liquidity, while maximizing safe effective yields over the long-term, while in compliance with all state and federal laws and guidelines.
- Review financial reports to all agency boards, including Annual Comprehensive Financial Report.
- Evaluate job performance of staff which also includes the professional development through the identification of on-the-job and other opportunities.
- Perform all job duties and responsibilities in a safe manner to protect oneself, fellow employees, and the public from injury or harm. Promote safety awareness and follow safety procedures in an effort to reduce or eliminate accidents.
- Perform other duties as assigned.
Supervision: Work under the supervision of the Chief Financial Officer, who establishes goals and objectives and evaluates performance.
Minimum QualificationsSufficient education, training, and experience to demonstrate the knowledge and ability to successfully perform the essential functions of the position. Development of the required knowledge and abilities is typically obtained through but not limited to:
- Demonstrated experience forming and working with financing teams to bring Public Debt, State and Federal Loans to market.
- Bachelor’s degree in Accounting, Finance, Economics, or related field.
- At least seven (7) years full-time progressively responsible experience in finance, corporate finance, or treasury; including five (5) years of governmental accounting, enterprise accounting, and/or bond compliance.
- Three (3) years of management experience.
Preferred Qualifications:
- Professional certification such as a CTP, CPFO preferred.
- Master’s degree (MPA or MBA) preferred.
- Experience closing at least five Public Debt offerings totaling over $100 million.
- Experience utilizing Generally Accepted Accounting Principles (GAAP).
- Proficient in Microsoft Office suite.
- Must have experience with ERP databases; PeopleSoft experience is desirable
- Strong communication skills and experience in synthesizing complex financial data into succinct and comprehendible communications to executives and boards.
- Proven experience in process improvement, including assessing current processes, optimizing workflows, and leading documentation efforts is preferable.
Below is a summary of the comprehensive benefits provided to District full-time employees:
Health and Welfare Benefits:
- Healthcare Benefits -District employees are offered a choice of healthcare providers under the CalPERS Health Benefits Program.The District will contribute ninety (90) percent towards monthly premiums for full-time employees. Fifty (50) percent for part-time employees.
- Free Dental and Vision Benefits provided - Employer Covers Premiums
- Free Employee Assistance Benefit - Employees are entitled to 5 face-to-face sessions or telephonic or web-video consultations for problem-solving support per incident, per calendar year.
- Flexible Spending Accounts - Pre-tax dollars to pay for qualified Health or Dependent Care expenses.
Retirement Medical Benefits:
- Long Term Disability Insurance - After 90 days of total disability, Administrative full-time employees are eligible for 60% of monthly income covered by the District.
- Health and Wellness - Gyms located at most work locations and discounted Weight Watcher Membership Option.
Holidays and Paid Time Off:
- Paid Time Off - Newly hired employees accrue 6.5 hours bi-weekly when hired (if Exempt 8.5 hours).As you move up in years of service credit, the rate of the amount of PTO accrued will also increase.
- Paid Holidays - The District provides seven paid holidays throughout the year - New Years Day, Martin Luther King Jr. Day, Memorial Day, Independence Day (July 4th), Labor Day, Thanksgiving Day and Christmas Day
- Floating Holidays - District employees can earn up to five (5) floating holidays.
Financial Planning Benefits:
- Pension Benefits through CalPERS -You must have a minimum of 5 years of service to be eligible for this pension.
- CalPERS PEPRA vs. Classic - All employees hired on, or after January 1, 2013, are considered PEPRA members and will contribute 8% of their salary up to the maximum IRS cut-off. All Classic members will contribute 6%
- Deferred Compensation Options - Select to contribute to one or both of our Tax Deferred Compensation Options
- Reliance Standard Life Insurance with 100% premium paid by the District - 1 times annual salary of employee - max $200,000
- Optional Life Insurance - Employees may purchase additional life insurance for themselves and their eligible family members.
Growth and Education Benefits:
- Professional Development - Access to LinkedIn Learning and San Mateo County’s professional training. District Tuition Reimbursement Program - A maximum of $5,250 per year for courses related to your job or career goals with the District.
- Computer Loan Program - Interest-free two-year loan with a maximum amount of $4,000.
Other Amazing Benefits:
- Credit Union - Employees and family members are eligible to join the San Mateo Credit Union and Patelco Credit Union.
- Employee Clean Commute (ECC) - Car/Van poolers and Public Transit riders receive a monthly reimbursement.
- Commuter Benefits - Free Employee Parking; Free Bus Pass for employee as well as children/spouse; Clipper Card/Go Pass Program for Central employees.
For union employees, all of the above benefits are subject to the employee’s Collective Bargaining Agreement. Benefits listed are also subject to change with or without notice and are subject to contract/provider terms and conditions.
Closing Date/Time: 9/15/2024 11:59 PM Pacific
