Salary: $47,957.70/annual minimum - $71,936.54/annual max (Depending on qualifications)
GENERAL SUMMARY
To provide highly responsible support to the Cash and Debt Administrator by implementing investment strategies, investment trading, banking, and activities of cash and debt management. This includes investment portfolio management, cash forecasting, financial institution relations, coordinating and developing financial reports required for issuance and continuing disclosure of debt instruments and post-issuance compliance.
SUPERVISION
General supervision is provided by the Cash and Debt Administrator.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- All behaviors comply with the Code of Conduct and Rules of Behavior outlined in Chapter 8 of the General Government Policies and Procedures Manual.
- Adheres to assigned work schedule as outlined in City and department attendance policies and procedures.
- Assists in managing the City’s investment portfolio.
- Assists with annual updates of the City’s investment policy and investment strategies in accordance with the Texas Public Funds Investment Act (PFIA).
- Inputs investment transactions, selects and executes bids, authorizes funding transfers; prepares monthly journal entries for investments, interest allocation, and other financial activities; reconciles portfolio values with general ledger and prepares portfolio reports.
- Maintains a cash flow and liquidity spreadsheet for the investment portfolio and analyzes expected revenues and expenditures to ensure liquidity and funding capacity; monitors daily settlement of City’s bank accounts and ensures adequate collateralization of deposits.
- Performs complex analysis of financial and investment data; prepares quarterly investment reports; analyzes financial reports and records to determine trends or irregularities.
- Ensures debt service payments are accurate and timely; monitors new and outstanding debt for compliance with securities disclosure laws; maintains and updates debt service schedules.
- Review preliminary official statements and other debt-related documents to ensure completeness and accuracy.
- Coordinates financial institution relations including bank accounts, collateralization, safekeeping, and wire agreements. Reviews proposals for completeness, accuracy, and conformance with established procedures; assists with review of bank depository agreement bid proposals and selection recommendations.
- Coordinates annual bond continuing disclosure reports with outside consultants and required dissemination to the Electronic Municipal Market Access (EMMA) system; provides assistance to the public, bondholders, financial advisors, and bond rating agencies.
- Assists with bond retention program; monitors and reviews bond expenditures over life of bonds and maintains all supporting documentation for arbitrage rebate analysis and computations by outside consultants; prepares any arbitrage rebate and yield reduction payments to U.S. Treasury.
- Ensures investment reporting is in compliance with applicable laws, regulations and policies for cash and investments in the State of Texas, including financial transparency standards and City policies.
- Assists with year-end schedules for work in progress, investment footnote disclosures, audit confirmations and client-prepared schedules in preparation for the City's Annual Comprehensive Financial Report (ACFR) and independent audit.
- Performs special projects at the request of management, to include research, analysis, and recommendations.
- Establishes and maintains credibility by providing timely and accurate analysis, reports, and visual presentations.
MINIMUM JOB REQUIREMENTS:
EDUCATION
Bachelor's degree from an accredited college or university with major coursework in accounting, finance, public administration, or closely related field.
EXPERIENCE
Two years of experience in investment, treasury, financial or accounting administration.
Any work-related experience resulting in acceptable proficiency levels in the above Minimum Job Requirements may be an acceptable substitute for the above-specified education and experience requirements.
LICENSES AND CERTIFICATES
Complete required training in compliance with the Texas Public Funds Investment Act (PFIA) within 12 months of assuming duties and thereafter every two years.
Possession of a valid driver’s license.
WORK SCHEDULE
8am-5pm, Monday- Friday
Apply online at: www.cityofmesquite.com
