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Director of Treasury

MBTA
Boston, MA Full Time
POSTED ON 3/8/2025
AVAILABLE BEFORE 4/8/2025

The Director of Treasury assists in the central function of managing the MBTA’s debt portfolio, cash position, and investment accounts. The Director has responsibility for maintaining the bond book, bond accruals, tracking commercial paper, reviewing and approving fuel hedge invoices, maintaining and updating financial disclosure, and the production and monitoring of the department’s debt service and operating annual budget. The Director of Treasury will also assist in the production and evaluation of RFPs and interface with Financial Advisors, the MBTA’s underwriting syndicate, and bond counsel. The Director will also be part of the team that works with the Build America Bureau on RRIF and TIFIA loan development execution and ongoing reporting. The Director will also coordinate with the Finance Department and help prepare presentations to the MBTA Board of Directors and the MBTA’s executive leadership.

Key Responsibilities

  • Maintains tracking of Authority’s funding sources, including revenue bonds, commercial paper, bank loans, leases, and federal loans.
  • Create and maintain reports of tax-exempt bond proceed spending on qualified capital projects.
  • Conduct invoice review and facilitate payments with Accounts Payable and Cash Bank.
  • Develop the Sustainability Bond report.
  • Coordinate Treasury’s activities with Capital Planning and Oversight and Accounting.
  • Manage daily banking needs of the Authority, which includes reviewing and releasing wires and coding transactions for the general ledger.
  • Issues Requests for Proposals (RFPs) and negotiates contracts for banking services, debt transactions, renewals, and amendments between enterprise, financial institutions, merchant providers, and other vendors.
  • Interface with commercial and investment banks, trustees, financial advisors, credit card processors, consultants, and rating agencies, among others.
  • Prepare and monitor Treasury Department’s annual and quarterly budgets and expenditures.
  • Assist in production and delivery of quarterly debt disclosure.
  • Manage fuel hedge invoice review and reporting.
  • Contribute to operational improvements of treasury financial systems, implementation of updates, and optimization.
  • Evaluates and recommends initiatives to enhance risk mitigation and fraud protections.
  • Evaluates requests for department and enterprise-wide banking services.
  • Perform all other duties and projects that may be assigned.

Minimum Requirements

  • Bachelor's degree from an accredited institution in Finance, Accounting, or related field.
  • Seven (7) years of experience in treasury services and / or a related financial markets role.
  • Five (5) years of supervisory, managerial, and / or leadership experience.
  • Knowledge of financial markets, investment management, and financing techniques.
  • Knowledge of banking, treasury management products, and services.
  • Demonstrated experience coordinating, tracking, and reporting project financials across multiple teams including establishing, maintaining, and tracking project budgets and overall cost control.
  • Demonstrated experience managing multiple project financials, priorities, and tasks across multiple projects and teams.
  • Demonstrated experience in overall project execution process.
  • Working knowledge of Microsoft Office and financial management software (SAP, Oracle, etc.).
  • Superior communication skills and the ability to communicate confidently at all levels.
  • Effective organizational, analytical, confidentiality, quantitative, multi-tasking, and time-management skills.
  • Have the ability to supervise and work effectively with a diverse workforce.

    • Substitutions for Degree Requirements

  • A High School Diploma or GED with an additional seven (7) years of directly related experience substitutes for the bachelor’s degree requirement.
  • An associate degree from an accredited institution with an additional three (3) years of directly related experience substitutes for the bachelor’s degree requirement.
  • A master’s degree in a related subject substitutes for two (2) years of general experience.
  • A nationally recognized certification, or statewide / professional certification in a related field substitutes for one year of experience.

    • Preferred Experience and Skills

  • A master’s degree from an accredited institution in Business Administration, Finance, Accounting, Public Policy, Public Administration, or related field.
  • Experience in project finance, design / build contracts, technology contracts, and transit fare revenue.
  • Thorough knowledge of financial legislation, regulation, and practices.
  • Experience with project management systems and software.
  • Demonstrated ability to understand, interpret, and apply laws, rules, regulations, policies, procedures, contracts, budgets, and labor / management agreements.

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