- Project Management
- Microsoft Office
- Cash Handling
This job contributes to Sound Transit by playing a key role in administering Treasury related duties on a day to day basis, supporting/lead role in managing and executing cross divisional projects, by developing, analyzing and implementing process improvements, by being a technical and financial resource to help ensure the success of and to provide guidance on, new or existing products and services, and by assisting Treasury management on various operating issues in support of Sound Transit's goals.
Additionally, the candidate will be responsible for managing the monthly, quarterly, and annual financial reporting requirements for the Treasury group and assist the Asset Liability Management function in the oversight of interest rate risk management, financial analysis and related strategy development. The position will develop relationships with key stakeholders and possess the ability to communicate outputs to internal and external personnel including accounting, finance, internal and external audit, and senior management. Strong candidates will take on additional responsibilities supporting other Treasury functions including debt administration and forecasting and planning. Models and acts in accordance with Sound Transit's guiding values and mission.
**THIS JOB POSTING MAY BE USED TO FILL MULTIPLE POSITIONS
The following duties are a representative summary of the primary duties and responsibilities. Incumbent(s) may not be required to perform all duties listed and may be required to perform additional, position-specific duties.
In accordance with generally accepted accounting principles, performs a variety of professional level accounting duties in support of assigned functional area and sub ledger reconciliations
Prepares the daily cash position, advises the Treasury Management on short-term cash management and coordinates the daily cash flow & funding needs.
Ensures the accurate and timely settlement of all wire and ACH transactions for tax & vendor related payments.
Ensure all banking, investment and debt transactions are timely and accurately recorded in the sub-ledger/general ledger systems, and maintain the check reconciliation process.
Actively monitor banking accounts to detect and timely resolve fraudulent activities.
Analyzes monthly bank charges to ensure billing accuracy, maximization of bank earning credits, and works with bank representatives to resolve errors; recommend new bank banking services that increases efficiency and/or reduce fees.
Prepares and maintains Treasury Checks.
Maintains and enhances cash, investment and other Treasury-related analytics.
Develops and maintains policy, procedures, internal controls and best practices to support the business
As subject matter expert, stays current on Treasury-related topics, communicates significant changes to relevant parties and cross-trains other employees on treasury processes, products and services; maintains awareness of federal, state and local regulations and impact of changes on the Agency.
Supports Treasury leadership with management of banking & investment relationships.
Supports the identification, evaluation, selection & implementation of Treasury products and services related contracts with our service providers.
Develops, maintains & interprets critical analytics related to cash flow, investments, bank fees and other Treasury-related data. Supports preparation of materials for reporting to senior leadership.
Supports/leads departmental projects and resources appropriately to ensure that projects are successfully implemented while working collaboratively across the organization to ensure previously agreed upon project deliverables are met.
Acts as an internal consultant for Treasury related matters to analyze and develop sound technical and financial information to assist in the evaluation, including cost-benefit analysis, of projects of processes.
Supports finance committee(s) meeting preparation and its governance process to prudently manage the interest rate, liquidity, funding, and capital risks of the Company.
Reporting and analysis that support a variety of Treasury functions including capital markets, asset-liability management, investment and funding.
Ability to manipulate large volumes of data to create reporting to identify and interpret business trends. Analyze detailed datasets, transforming it into meaningful financial information to address complex inquiries and present findings.
Assists in validation of financial models and cash flows against actual experience and relevant external benchmarks.
Acts as a change agent by identifying and developing innovative ideas to drive revenue and reduce expense.
Appropriately escalates issues to management so issues are resolved in a timely manner.
Assists Treasury Management on other operating & departmental functions as needed.
Brings to the attention of management when accounting data indicates trends or situations requiring action to be taken beyond scope of responsibilities and may make recommendations.
It is the responsibility of all employees to follow the Agency safety rules, regulations, and procedures pertaining to their assigned duties and responsibilities, which could include systems, operations, and/or other employees.
It is the responsibility of all employees to integrate sustainability into everyday business practices.
Other duties as assigned.
Education and Experience:
Bachelor in Accounting, Finance, Economics, Business, or other related filed required, including 5 years of financial institution experience preferred, including 3 years of experience with cash management, treasury, bank reconciliation, accounting and/or finance experience. Experience with large financial and accounting systems preferred.
Required Licenses or Certifications:
Required Knowledge of:
Generally accepted accounting principles and practices including GAAP, GAS, FASB, and GASB.
Accounting and finance processes, procedures, financial systems and internal control design.
Industry principles and practices of assigned area.
Report preparation and presentation, working with report parameters, queries and data extraction.
Principles and procedures of financial record keeping, storage and document management.
Analytical review techniques over transactions, account balances, reconciliations and reports.
Advanced use of Microsoft Office Products – Outlook, Word & Excel.
Pertinent local, state and federal laws, regulations and ordinances.
Office procedures, methods, and equipment including computers and applicable software applications such as word processing, spreadsheets, and databases.
Customer service methods and techniques.
Required Skill in:
Operating automated financial management systems as well as word processing, spreadsheet, and database applications.
Establishing and maintaining effective working relationships with other department staff, management, vendors, outside agencies, community groups and the general public.
Working with complex chart of account structures and subsidiary ledgers and preparing a variety of financial and administrative reports.
Performing data analysis with proven ability to manage large datasets and to work effectively at detail and big-picture levels. Ability to interpret data and information, read, write and organize information in an orderly manner.
Identifying and researching moderately complex accounting and financial system issues/problems and make recommendations to resolve them.
Applying critical thinking, analytical and problem solving skills.
Written and oral communication, including ability to summarize and document analysis, conclusions, policies and procedures in a concise and readable manner by others.
Performing complicated mathematical calculations and analyses.
Performing project management skills.
Planning and organizing work to meet changing priorities and deadlines.
Identifying and resolving general problems in a timely manner using sound judgment.
Physical Demands/Work Environment
Work is performed in a standard office environment.
Subject to standing, walking, bending, reaching, stooping, and lifting of objects up to 25 pounds.
The Agency promotes a safe and healthy work environment and provides appropriate safety and equipment training for all personnel as required.
Sound Transit is an equal employment opportunity employer. No person is unlawfully excluded from employment action based on race, color, religion, national origin, sex (including gender identity, sexual orientation and pregnancy), age, genetic information, disability, veteran status or other protected class.