Deputy Treasurer

About the Role

The Port Authority is seeking a dynamic and strategic Deputy Treasurer to be a thought leader and innovator in the areas of treasury, insurance, and risk finance transfer strategies. Together with the Treasurer, the Deputy Treasurer will execute the Treasury Department’s vision to assist the Agency in making smart decisions for long‑term financial stability and growth through critical thinking, analytical rigor, technical capabilities and developing strategic partnerships.

The Deputy Treasurer role is a newly established position seeking a strategic, critical‑thinking leader. This individual will need to excel in team and people management, demonstrate strong financial expertise, possess outstanding problem‑solving abilities, and have experience in change management. The ideal candidate will be driven to foster continuous improvement, enhance efficiency, and drive innovation within the finance strategy and operations.

The mission of the Treasury Department is to carry out essential financial and risk management functions which enable the Port Authority to fulfill its business objectives. Specifically, Treasury contributes to the long‑term financial stability of the Agency by accessing the capital markets as needed to fund and finance capital projects, ensuring the Port Authority’s credit quality, managing liquid assets to achieve returns consistent with target indexes, overseeing investing and financing programs consistent with the interests of all stakeholders, meeting financial obligations with the highest level of financial integrity, ensuring collections of accounts receivables, and developing and managing programs that provide financial protection in the event of damage to or loss of facilities or from injury to others.

• Effective cash management operations, ensuring liquidity and accurate cash flow forecasting.
• Banking relationships and payment processing, ensuring compliance with treasury policies and best practices.
• Merchant banking and credit card compliance functions, ensuring secure and efficient transactions.
• Accounts receivable and collections processes, with focus on maintaining strong financial controls and optimizing revenue recovery.

• Structure and manage the agency’s debt portfolio, ensuring timely debt service payments and efficient capital market transactions.
• Manage issuance of bonds, notes, and short‑term borrowing, ensuring continued access to funding at competitive rates.
• Maintain relationships with credit rating agencies and investment banks, providing financial disclosures and market updates.
• Supervise the investment of the agency’s liquid assets, ensuring capital preservation, liquidity, and yield optimization in accordance with Board policies and bondholder agreements.

• Identify, manage, and mitigate risks through commercial insurance, self‑insurance, and alternative risk financing mechanisms.
• Placement of the Port Authority’s insurance programs, including property, liability, terrorism, and owner‑controlled construction insurance.
• Administration of the Port Authority’s captive insurance company, ensuring financial stability and regulatory compliance.
• Development and management of risk assessment processes and strategies to optimize risk tolerance across financial and operational areas.

• Execute treasury policies, ensuring financial integrity and alignment with strategic priorities.
• Develop and implement financial analytics to support data‑driven decision‑making and treasury optimization.
• Lead process improvements and technology initiatives to enhance efficiency, reporting, and compliance.
• Support budget development and financial planning efforts, ensuring alignment with agency‑wide fiscal objectives.
• Collaborate with internal departments, financial partners, and external stakeholders to advance key treasury initiatives.
• The Deputy Treasurer position reports to and acts on behalf of the Treasurer and is responsible for the day‑to‑day management and oversight of the Treasury Department and each of its business…