TREASURY AND DEBT COORDINATOR
GBRA
FLSA STATUS: Non-Exempt
PAY RANGE: $54,414.00 - $90,689.00
REPORTS TO: Deputy Executive Manager of Finance
DIVISION: General
WORK LOCATION: New Braunfels
SUMMARY
This position is primarily responsible for the planning and administration of GBRA’s cash and investment positions to ensure preservation of principal, sufficient liquidity to meet ongoing business needs, and maximization of investment yields. In addition, the position will manage the debt portfolio, participate in debt planning discussions, and ensure timely payment of debt obligations. This position works closely with GBRA Finance leadership.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Administer cash, investment, and debt management programs to meet cash flow needs and investment objectives as well as compliance with all federal and state laws, GBRA policies, and debt covenant requirements.
- Monitor the cash and investment position to meet investment policy and developed strategies. Implement plans to maximize investment returns while ensuring the safety of principal and sufficient liquidity.
- Follow and stay abreast of the economic climate including financial market updates, economic data, investment reports, and other information.
- Design, develop, maintain, and update cash flow forecast models and other analyses to best position cash and investments within the investment markets.
- Obtain quotes for purchases of investments, perform calculations and analysis of quoted yields, and transfer funds as necessary to finalize transactions.
- Routinely monitor check exceptions that don’t match positive pay file and provide processing directions to bank, apply stop payment and void directions as necessary, and maintain stock of bank supplies at all GBRA locations.
- Monitor, and adjust as necessary, collateral levels for the coverage and protection of assets on deposit with financial institutions.
- Prepare wire transfer or ACH payments for payment to vendors for certain contracts. Independently confirm payment instructions.
- Perform reconciliations of investment software, investment statements and advices, and the general ledger. Prepare journal entries to record cash and investment activity.
- Review bank analysis fee reports monthly for accuracy. Evaluate opportunities for efficiencies and fee reductions and/or renegotiation.
- Maintain and update investment software for compliance and reporting.
- Prepare cash and investment report for the monthly financial report and at other intervals as determined necessary.
- Serve as designated Investment Officer of GBRA and complete required continuing education.
- Manage the debt portfolio including timely payment of debt obligations and compliance with bond covenants. Maintain and update debt service schedules.
- Validate the collection and filing of continuing disclosure reports to ensure filings are completed in compliance with bond covenants.
- Participate in debt planning discussions for upcoming capital projects and assist with updates to bond offering documents and other debt related materials.
- Coordinate with arbitrage consultant for the completion of annual arbitrage calculations and reporting.
- Ensure compliance with various laws, regulations, internal policies & practices, and GBRA’s Investment Policy as well as the Texas Public Funds Investment Act (PFIA) and Texas Public Funds Collateral Act (PFCA).
- Make recommendations for changes and updates to the Investment Policy, Financial Practices & Strategies, and other financial guidance.
- Prepare investment and debt related schedules for the Annual Comprehensive Financial Report and Budget Binder.
- Establish and maintain positive relationships with internal departments, financial institutions, brokerage firms, and other consultants. Serves as primary contact for day-to-day activities with financial institutions.
- Serve as the primary contact for investment management software, debt management software, and other related programs. Lead system transitions and implementation when necessary.
- Ensure that sufficient internal controls are in place to adequately maintain separation of duties.
- Perform other duties as assigned.
KNOWLEDGE/SKILLS/ABILITIES
- Knowledge and proficiency in cash and investment practices and strategies.
- Knowledge of debt management practices including government tax-exempt obligations.
- Knowledge of acceptable accounting standards, practices, and principles.
- Leadership skills including the ability to coordinate with other members of the Finance team as well as other divisions.
- Interpersonal and people skills with the ability to work independently, within a team environment, and with a diverse group from at all levels of the organization.
- Time management and organizational skills including the ability to manage competing priorities and meet deadlines.
- Ability to exercise initiative and responsibility.
- Ability to maintain high level of confidentiality.
- Ability to perform routine and non-routine work assignments accurately and on time with limited supervision.
- Skill in using business systems, treasury and investment management software, debt management software, and Microsoft Office programs.
- Effective communication skills both orally and in written form.
EDUCATION/CERTIFICATIONS
Minimum qualifications:
- Bachelor’s degree in Finance, Economics, Accounting, or business related field or equivalent years of related treasury, financial, or accounting experience.
- Certification, or seeking certification, such as Certified Public Funds Investment Manager, Certified Treasury Manager, Certified Treasury Professional, or similar program is preferred.
EXPERIENCE
Minimum of five years’ experience in finance, economics, and/or accounting activities with increasing levels of responsibility.
MANAGERIAL RESPONSIBILITIES
No.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Standard physical activity such as periodic standing, walking, sitting, and basic motor skills to operate necessary computer programs.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.