Senior Director of Treasury

Deadline: 
Thursday, November 15, 2018
District/Organization: 
Detroit Public School Community District
Position Details: 

Position Summary

The Senior Director of Treasury is responsible for overseeing the Districts cash/banking activity, investment portfolio of short and long-term assets, borrowing, and bond repayments. The position is a senior leadership position that will complete administrative and supervisory work in the general area of cash management. The position is responsible for planning, directing, and monitoring all aspects of cash at the district and school level, including but not limited to investment portfolio management, supervising daily cash activity, forecasting, cash collection procedures, and financial reporting.

Qualifications

Education:

Graduation from a four (4) year college or university with a degree in Business Administration, Finance, Accounting or related field; plus five (5) years' professional accounting experience, including forecasting or cash flow management in a large school system, municipality, or comparable environment, and to include three (3) years administrative or supervisory experience.

Experience:

Two (2) years experience in Michigan school finance with specific experience in accounting, budget, and/or payroll functions.

DUTIES AND RESPONSIBILITIES:

Under the direction of the ED Business Office, the Senior Director of Treasury shall:

  • Establish administrative guidelines, procedures, handbooks related to cash collection at schools and district offices.
  • Manage banking and financial institution relationships. Negotiate bank and service fees.
  • Implement new bank technologies, products and services to improve cash cycle and simplify district operations.
  • Projects long-term cash flow requirements; determines if borrowing is necessary prior to tax collections and disbursements; provides actual and forecasted cash requirements for loan documentation.
  • Works with City of Detroit and Wayne County tax collection agencies to ensure prompt notification of tax distributions enabling the procedure of same day credit/investment.
  • Oversees the day-to-day management of cash collections and disbursement processes for student activity accounts for the district.
  • Supervises the scheduling, preparation, and delivery of tax withholdings, retirement, bond and other payments in accordance to District agreements, statutory guidelines and timelines.
  • Manages the daily, weekly, and monthly operating fund cash flow requirements and maintains it on a daily basis; monitors all daily bank balances for all funds.
  • Develops investment guidelines and strategy for cash activity for the district.
  • Manages rapport with the tax collection agencies to ensure prompt notification of tax distributions enabling the procedure of same day credit/investment.
Email: 
lena.pernell@detroitk12.org