Director, Treasury - REPOST

The Metropolitan Council's Regional Administration Division is accepting applications for a Director, Treasury
.

The position leads a staff of three (two senior financial analysts, one accountant) and is the Council’s primary liaison with financial institutions, investment brokers, merchant card processors, external legal counsel, municipal advisors, rating agencies, and Council bond investors.

We are the Metropolitan Council, the regional government for the seven-county Twin Cities metropolitan area. We plan 30 years ahead for the future of the metropolitan area and provide regional transportation, wastewater, and housing services.

More information about us is on our website.

The Director, Treasury provides strategic direction and management of the Council's treasury operations. Our treasury operations include general banking and merchant banking activities, investment portfolio management, capital financing and debt management. Daily banking and cash management activities ensure sufficient cash flow to meet operating and capital requirements. Investment portfolio management includes research, analysis and trading of short-term and long-term portfolios in excess of $2 billion, balancing investment risk-return opportunities in accordance with Statutes and Council policies.

Debt Management includes arranging financing for Council capital projects, including issuance of Council bond and other loan structures, and overseeing management and compliance of ~$1.6B of outstanding debt.

• Provide strategic organizational planning for short-term and long-term investments for the Council.
• Manage diesel fuel hedging program to provide budget certainty for transit operations.
• Oversee the Other Post-Employment Benefit Trust fund.

• Provide strategic organizational capital finance planning and execution. Including debt analysis, structuring and issuance of bonds, GANs and MPFA loans.
• Coordinate capital financing needs of operating divisions and directs issuance of debt. Consults with municipal advisors, bond counsel, and rating agencies regarding size, structure, security and repayment of debt.
• Manages the initial and ongoing compliance with Internal Revenue Code and regulations for tax-exempt debt and arbitrage requirements. Manages initial and ongoing compliance with bond covenants and reporting requirements.

• Direct daily banking (oversee general banking activities to assure adequate controls and sufficient daily cash flows).
• Develops cash flow forecasts.
• Directs merchant banking activities (credit cards, fare media) facilitating and meeting PCI security standards and compliance.

• Develops relationships and promotes customer service with operating divisions.
• Maintain internal controls over the Council’s cash and investments.
• Maintains contract relationships with banks and financial parties. Prepare RFPs for financial services.
• Plan, distribute, assign, counsel, coach and review staff work to assure responsibilities/priorities are addressed timely and accurately (including: 1:1 meeting, team meetings, and performance reviews).
• Lead staff to provide a workplace environment that supports diversity.
• Provides quarterly investment reports to the Council’s Investment Review Committee and Management Committee.

Any combination of completed education (in public finance, finance, economics, accounting or math) and progressively responsible experience (in finance, investment management, treasury…