Transit Systems 2017-10-11 2017-10-28

Treasury Manager

Company: Washington Metropolitan Area Transit Authority View more listings
Location: Washington, District of Columbia
Job Status: Full-time
Job ID: 97171

Location: Jackson Graham Headquarters Building

WMATA Reference: 170610

The Washington Metropolitan Area Transit Authority (WMATA) Treasury Department is seeking a technological-oriented treasury professional who thrives in a collaborative environment to implement treasury workflow process changes leveraging existing ERP technology. The successful candidate will be able to demonstrate strong and proficient Excel skills.

This position is responsible for managing the Authority's cash management functions, which include oversight and approval of the daily cash position, developing daily and monthly cash forecasts, monitoring and reporting of all cash flows, and ensuring excess and deficit cash positions are supported by short-term investments or borrowing. Incumbent serves as the subject matter expert on cash management technology enhancements and initiatives and leads cash management implementations. The incumbent creates and maintains policies, procedures, and internal controls supporting the Authority's cash management functions and oversees the development and training of cash management staff. The incumbent has latitude for independent judgment and action within established guidelines. This position reports to the Director of Treasury Operations through periodic reviews and conferences. This is a professional financial assignment of a difficult and complex nature.


  • Reviews and approves daily cash activities performed by treasury staff by approval of wires through Automated Clearing Houses (ACH), account sweeps, and other funding activities.

  • Maximizes investment income of portfolio within the guidelines of the Authority’s investment policy. Provides timely and accurate cash and investment reports for review by supervisor and distribution to senior management.

  • Evaluates and approves processes to maintain segregation of capital-related funds from operating cash by providing ongoing review of key treasury controls and departmental processes, controls, job aids, and policy documents. Recommends and implements process efficiencies and improvements.

  • Ensures all bank account documentation, including authorized employee list for each bank account, is maintained and updated regularly. Maintains bank account structure and strategy, including opening new /closing old accounts as needed to facilitate business requirements.

  • Forecasts daily cash positions; identifies and tracks sources and uses of cash activity – both operating and capital while setting investment time horizons to optimize investment income.

  • Conducts benchmark studies of bank services and create interdepartmental partnerships to identify cash management needs and ensures the Authority optimizes banking technology.

  • Ensures compliance with tax-exempt bond compliance policies and annual reporting.

  • Cultivates and maintains strong working relationships with staff members, business contacts, banking partners, and other service providers and vendors.

The essential duties listed are not intended to limit specific duties and responsibilities of any particular position. Nor is it intended to limit in any way the right of managers and supervisors to assign, direct and control the work of employees under their supervision.


Bachelor’s Degree in Business Administration, Finance, Accounting or a related field from an accredited college or university

Seven (7) years of progressively responsible experience in cash management with focus on receipts, disbursements, investments and process improvement.

Master’s Degree in Business Administration, Finance, Accounting, or a related field from an accredited college or university. CPA certification will be considered in lieu of advanced degree.

Certified Treasury Professional

Medical Group:
Satisfactorily complete the medical examination for this position, if required. The incumbent must be able to perform the essential functions of this position either with or without reasonable accommodations.

Evaluation Criteria:
Consideration will be given to applicants whose resumes demonstrate the required education and experience. Applicants should include all relevant education and work experience.

Evaluation criteria may include one or more of the following:
  • Personal Interview
  • Skills Assessments
  • Verification of education and experience
  • Criminal Background Check
  • Credit history report for positions with fiduciary responsibilities
  • Successful completion of a medical examination including a drug and alcohol screening
  • Review of a current Motor Vehicle Report

Washington Metropolitan Area Transit Authority, a Federal contractor, is an Equal Opportunity / Affirmative Action employer. All qualified applicants receive consideration for employment without regard to race, color, creed, religion, national origin, sex, gender, gender identity, age, sexual orientation, genetic information, physical or mental disability, or status as a protected veteran, or any other status protected by applicable federal law, except where a bona fide occupational qualification exists. Our hiring process is designed to be accessible and free from discrimination.

This posting is an announcement of a vacant position under recruitment. It is not intended to replace the official job description. Job Descriptions are available upon confirmation of an interview.

Please apply before 10/28/2017

To apply for this position, visit WMATA's Career Center

Transit Job Listing - Treasury Manager