Manager, Treasury & Debt - (25-FAB-300006-052)

The intent of this job description is to provide a representative summary of the major duties, locations, and responsibilities performed by incumbent(s) in this job. Incumbent(s) may not be required to perform all duties in this description, and incumbent(s) may be required to perform work-related tasks other than those specifically listed in this description. This job description is not a "contract" between the employee and the Authority. The job duties and essential functions may be changed at the discretion of the General Manager.

At DC Water, we provide more than 700,000 District of Columbia residents and 24.6 million annual visitors with essential water, wastewater, and stormwater services. DC Water also provides wholesale wastewater treatment services for 1.8 million people in Montgomery and Prince George's counties in Maryland, and Fairfax and Loudoun counties in Virginia. We aspire to be known for superior service, ingenuity, and stewardship to advance the health and well-being of our diverse workforce and communities. To achieve this vision, we commit to our shared mission every day-exceeding expectations by providing high quality water services in a safe, environmentally friendly, and efficient manner.

The Manager, Debt & Treasury is responsible for cash management, investments, banking relations, accounts receivable operations, debt management including the outstanding debt portfolio and the issuance of new debt to ensure strong financial performance and adherence to Board of Director policies.

• Establishes service levels and partnerships with internal and external customers.
• Performs strategic planning for cash and debt management.
• Oversees treasury and debt services to ensure all regulatory requirements are met.
• Manages the accounts receivable operations ensuring that all customer payments are processed accurately and timely.
• Reviews daily bank account balances and publishes daily cash position report for senior management.
• Manages the investment of excess operating cash in accordance with Board policy.
• Ensures accuracy and timely processing of wire funds transfers.
• Manages the outstanding debt portfolio, including debt service payments. Manages debt management function to ensure compliance with Board adopted financial plan.
• Monitors DC Water's adherence to bond indenture requirements and debt-related Board policies.
• Develops and recommends capital finance plan and implements as required. Manages the short-term financing program including the issuance of commercial paper.
• Manages relationships with bond underwriters and rating agencies.
• Manages contracted activities of consultants who provide debt-related services, including bond counsel, financial advisor, arbitrage rebate consultant, etc.
• Reports to senior management regarding treasury/debt performance and recommends changes in treasury/debt policies and procedures.
• Manages the production of various ad hoc financial reports, as required.
• Develops and implements operating policies and procedures.
• Performs other duties and projects as assigned at the discretion of the Vice President, Finance

Supervisory Responsibilities: Directly supervises assigned staff and directs the selection, supervision, promotion, discipline, and training of personnel within the Section including development of performance goals and evaluations.

Key Working Relationships: Interfaces with respective Departments responsible for cash transactions and manages relations with depository banks, investment banks, and vendors with debt-related services.

The qualifications listed below are representative of the knowledge, skill, and ability necessary for an individual to perform each essential responsibility satisfactorily. Reasonable amounts of training are provided specific to DC Water's processes and procedures.

Required Skills & Qualifications

Preferred Skills & Qualifications

*The work environment characteristics described in the physical requirements section of the required skills & qualifications table are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential responsibilities.

At DC Water, our people make us an industry leader. Join a group of thinkers, innovators, and problem solvers focused on protecting life's most precious resource in the nation's capital.

• Take pride in your work. We provide an essential service and do work that matters. A career at DC Water is an exciting opportunity to help improve the environment and make a lasting difference for the community.
• Connect to a strong culture. Everything we do is grounded in our shared values-accountability, trust, teamwork, customer focus, safety, and wellbeing.
• Be your true self. We are an inclusive organization that embraces diversity, and we recognize and celebrate employees' individuality and unique contributions.
• Build your skills and career path. We are committed to developing a future-ready workforce by helping our employees develop skills for the jobs of tomorrow.

We are proud to be an EEO/AA employer M/F/D/V.

We maintain a drug-free workplace and perform pre-employment substance abuse testing

The Americans with Disabilities Act prohibits discrimination against "qualified individuals with disabilities". If a reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please email complianceada@dcwater.com.