Job Description
Job Title
Position Title: Senior Director of Treasury
Salary: $96,588 - $130,678
Reports to: Deputy Executive Director of the Business Office
Location: Finance
Bargaining Unit: N/A
Benefits Eligible: Yes
Telecommuting Eligibility: Eligible for telecommuting up to 60% (three days per week)
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.
Minimum Qualifications:
- Graduate degree in Business Administration, Finance, Accounting or related field; plus five (5-10) years' professional accounting experience, including forecasting or cash flow management in a large school system, municipality, or comparable environment, and to include five (5) years administrative or supervisory experience.
- Preferred - Five (5) years’ experience in Michigan school finance with specific experience in finance, accounting, budget, and/or cash management.
Essential Functions:
- Manage banking and financial institution relationships. Negotiate bank and service fees.
- Implement new bank technologies, products and services to improve cash cycles and simplify district operations.
- Manages the daily, weekly, and monthly cash flow requirements and maintains it on a daily basis; monitors all daily bank balances for all funds.
- 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 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.
- Develops investment guidelines and strategy for cash activity for the district.
- Other duties as assigned.
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities and duties required of those in this classification.
Security Clearance:
Internal Applicants
If you are a current Detroit Public Schools Community District employee, you do not have to submit to a new security clearance, unless your new role requires a different type of criminal background check.
External Applicants
In alignment with Michigan law, if you are hired to fill a position, you will be required to submit to a Detroit Public Schools Community District criminal background check. Information regarding required background checks will be shared at point of hire.
Method of Application
Method of application
Applicants must apply through the online application system. Only applications submitted through the online application system will be considered for any posted position and all applications require a resume to be considered.
Successful candidates are required to submit official transcript(s) at point of offer to hire. It is the applicant's responsibility to provide all documentation (including copies) as requested.
Applicants requesting assistance during the application process should contact the Office of Human Resources via email at [email protected] or phone at (313) 873-6897.
DPSCD does not discriminate based on race, color, national origin, sex, disability and/or religion. Contact the Civil Rights Coordinator for more information at (313) 240-4377 or detroitk12.org/compliance.
