Overview of City of Philadelphia

With a workforce of over 30,000 people, and opportunities in more than 1,000 different job categories, the City of Philadelphia is the fifth largest city in the United States and one of the largest employers in Southeastern Pennsylvania. As an employer, the City of Philadelphia operates through the guiding principles of service, integrity, respect, accountability, collaboration, diversity and inclusion. Through these principles, we strive to effectively deliver services, to resolve the challenges facing our city, and to make Philadelphia a place where all of our residents have the opportunity to reach their potential.

What We Offer:

  Impact - The work you do here matters to millions. 

  Growth - Philadelphia is growing, why not grow with it? 

  Diversity & Inclusion - Find a career in a place where everyone belongs.

  Opportunities in Tech - Don’t wait for the future, shape it.

  Benefits - We care about your well being.

Agency Description

The mission of the City Treasurer’s Office (CTO) is to safeguard City funds, serve as the disbursement agent for all City-related payments, and invest those funds that are in excess of the amount needed to meet daily cash requirements in accordance with the City’s investment policy. The CTO works to improve and maintain the City’s credit ratings and manages new and outstanding debt.

The Assistant City Treasurer for Cash Management reports to the Deputy City Treasurer for Banking and Investments. The Assistant City Treasurer will assist the Deputy Treasurer with daily cash management needs and the on-going management of the City’s more than $3 billion portfolio of short-term investments for the General Fund, Aviation Division, Water Department and Philadelphia Gas Works.

The core functions include maintenance of the daily cash position, development and maintenance of cash forecasts and short-term investing for various City Funds and Departments. Work includes interpreting assignments, rules, regulations, policies and procedures in order to carry out the daily business objectives of the City’s treasury operations function and effectively communicating within and outside the department. The position requires working in close cooperation with other internal Treasurer’s Office staff; other City Finance Divisions, including Accounting and Budget; and other City departments to successfully accomplish job responsibilities. Daily work is performed with independence. Additional responsibilities will include, but are not limited to, various analytical projects as defined by the department’s management.

Essential Functions

• Manages daily cash position worksheets and reporting for all applicable City Trusts and Funds utilizing multiple banking and finance reporting systems
• Develop and maintain daily and long-term cash flow projections
• Makes recommendations for cash movements based on forecasted needs
• Prepare and execute on daily short-term investment figures and funding activities with external investment managers
• Initiate or approve fund transfers related to various City Trusts and Funds to provide for funding where and when needed
• Regularly track investment manager performance against assigned benchmarks, review manager fees for accuracy and efficiency
• Participate on Investment Committee to determine investment manager allocations, review the City’s investment policy, and make recommendations to safeguard City funds, ensure sufficient liquidity, and maximize investment returns within the guiderails of City and fund polices
• Ensure investment manager compliance with collateral requirements and City’s investment policy
• Develops and reviews cash and investment reports for management and other stakeholders
• Demonstrates continuous efforts to improve operations and streamline work processes to provide high level of customer service for City departments
• Understands and manages appropriate procedures and processes around month-end and quarter-close activity.
• Represents the City Treasurer's office in designated forums and meetings.
• Communicates clearly and authoritatively, orally and in writing; able to exercise discretion and independent judgment
• Provides backup and support to Treasury Bank Administrator or Treasury Accounting Manager as needed
• Maintains an overall perspective and thinks analytically
• Operates a personal computer utilizing programs included in Microsoft Office and various City specific operating systems functions and systems software, including treasury management software
• Other duties as assigned

Education and Experience

• Bachelor's degree in Accounting, Finance, Business Administration, or related field; or equivalent combination of experience, education, and training.

OR

• Seven (7) years of experience in treasury operations or related financial field.

Competencies, Knowledge, Skills and Abilities

• Knowledge of bank products and services.
• Proven knowledge of accounting principles, practices, standards and regulations. 
• Experience with accounting software, on-line bank systems and treasury workstations. Must have mastery of financial spreadsheet applications and the ability to manipulate large amounts of data.
• Must be able to use professional judgment to ensure financial position and results of financial transactions meet Treasury Operations objectives.

·       Strong written and verbal communication skills

·       Ability to organize and handle multiple projects through to completion.

·       Ability to identify work priorities and manage workload independently.

·       Strong working knowledge of Microsoft Office Suite Programs including but not limited to Outlook, Word, Excel, and PowerPoint

·       Excellent customer service, problem solving, decision making, planning, and organizational skills

·       Strong collaboration, teamwork, and conflict management capabilities

·       Ability to establish and maintain effective working relationships with leadership staff, peers, and representatives of the City of Philadelphia and external agencies.

Did you know?

• We are a Public Service Loan Forgiveness Program qualified employer
• Employees are eligible for a 25% tuition discount program (and sometimes spouses and dependents as well) in partnership with area colleges and universities
• We offer comprehensive health coverage for employees and their eligible dependents
• Our wellness program offers eligibility into the discounted medical plan
• Employees receive paid vacation, sick leave, and holidays
• Generous retirement savings options are available 

As a condition of employment with the City of Philadelphia, employees starting employment on or after September 1, 2021 must be vaccinated. 

*Successful candidate must be a city of Philadelphia resident within six months of hire.

The City of Philadelphia is an Equal Opportunity employer and does not permit discrimination based on race, ethnicity, color, sex, sexual orientation, gender identity, religion, national origin, ancestry, age, disability, marital status, source of income, familial status, genetic information or domestic or sexual violence victim status. If you believe you were discriminated against, call the Philadelphia Commission on Human Relations at 215-686-4670 or send an email to [email protected]. For more information, go to: Human Relations Website: http://www.phila.gov/humanrelations/Pages/default.aspx