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CLASS DESCRIPTION
General Responsibilities:
This is responsible managerial and professional work in planning, organizing, and directing the programs and services of the City Treasurer's Office (both general operations and the development and implementation of a strategic cash management and investment program). Under the general direction of the City Clerk/Treasurer, this position exercises considerable judgment and professional expertise in meeting program objectives, within policy parameters. This position serves as the City Clerk/Treasurer's Deputy and will assume the statutory responsibilities of the City Treasurer as required.
Examples of Duties and Responsibilities:
Develop and direct all cash management activities for the City of Madison, Madison Board of Education, Madison Water Utility, Madison Parking Utility and the Madison Metropolitan Sewerage District. Prepare the cash flow budget for the City and Madison Board of Education; continuously update the cash flow budget to reflect changes in income and expenditures. Monitor cash flow and transfer of funds between investment accounts to maximize investment earnings; determine daily cash needs of the City; adjust investment pool balances and other investment accounts to meet cash needs of the City; allocate daily idle funds to either short-term (money market accounts or daily repurchase agreements with the bank) or longer-term investments. Research and execute all investment transactions with brokerage firms; monitor investment maturities and insure these funds are promptly wired to the City's account; calculate interest income of all investments. Act as liaison with banking and brokerage officials. Verify and authorize paym ...