Treasurer

Treasurer – (Treasury)

Reports To:

Executive Office
FLSA Status:
Exempt

Protect the Seminole Nation’s interests in all financial matters by directing the planning, procurement, investment, safekeeping, receipt, and accounting of all monies due to or received by the Seminole Nation. This position ensures compliance with the Code of Laws of the Seminole Nation, oversees all Treasury Office operations, and safeguards tribal assets through diligent management of funds, trust assets, and financial reporting.

• Receive, receipt, and account for all funds that come into the custody of the Seminole Nation of Oklahoma.
• Unless otherwise provided under Title 8 regarding economic development agencies, deposit all funds into Treasurer-selected commercial bank accounts no later than the first banking day after receipt.
• Ensure all deposits are placed only in authorized accounts, including interest-bearing checking/savings accounts, money market accounts, sweep accounts, CDs, public debt obligations of the United States, and other approved demand time deposits.
• Ensure any bank custodial or trust agreement is valid only when:
  • Authorized by Finance Committee or General Council resolution,
  • Signed by at least two of the following:
    Principal Chief, Assistant Chief, Treasurer.
• Exercise prudent judgment consistent with fiduciary standards when approving financial agreements, prioritizing protection of capital and expected income.

• Pay out funds only upon authorization by the General Council and approval of the Executive Office.
• Sign all checks as Treasurer; all checks must be countersigned by the Chief or Assistant Chief.
• If the Treasurer is unable, unwilling, or incapacitated, checks will be signed by the Chief and countersigned by the Assistant Chief.
• Oversee and regulate the use of electronic signatures for authorized officials, ensuring written consent and compliance with Title 8, the Nation’s budget, and its laws.
• Disburse funds by establishing financial policies and procedures and authorizing payments.

• Maintain accurate, adequate, and up-to-date records of all funds received and disbursed.
• Reconcile bank statements monthly with Treasury cash records.
• Provide a written quarterly report to the General Council detailing:
  • Receipts and disbursements for the previous quarter
  • Cumulative fiscal year receipts/disbursements
  • Cash balances in all bank accounts
• Provide a monthly written financial report to the General Council and Band Chiefs/Chairs, including:
  • All funds received and expended
  • All ARPA fund receipts and disbursements
  • Cumulative fiscal year financial activity
  • Cash balances for all accounts holding ARPA funds
• Forecast financial requirements by analyzing data, trends, goals, budget needs, and financial reports.
• Review budgets, make recommendations, and present proposed budgets or modifications to the Tribal Council.

• Serve as an ex officio member of the Trust Fund Management Board.
• Provide all information necessary for the Board to carry out its duties.
• Monitor BIA reports regarding all funds held in trust for the Nation.
• Maintain familiarity with BIA regulations and proposed regulations affecting tribal trust funds; make recommendations to the Board and General Council regarding fiduciary obligations and accountability.
• Prepare quarterly reports for the Trust Fund Management Board and General Council covering:
  • Trust funds appropriated for operating expenses
  • Program benefit distributions
  • Judgement funds held in trust or otherwise unavailable for program use
• Assist in developing an investment plan pursuant to Title 18A §109, and support implementation by:
  • Monitoring performance of hired investment firms
  • Serving as point of contact for investment firms
  • Providing all firm-prepared reports to the Trust Fund Management Board
• Develop investment strategies and invest surplus funds to maximize return and maintain appropriate security.
• Ensure adequate funds are available to meet the Nation’s financial obligations.
• Prepare assumptions, analyses, and reports related to investments, loans, and…