County Cash Manager (Department Manager II)

A career with Johnson County Government is more than just a job, it is an opportunity to serve a diverse and expanding community in meaningful ways. We challenge ourselves to be a different kind of government because we care deeply about our community and each other. Committed to our shared values, we provide excellent public service, seeking always to improve ourselves and our organization. We offer wonderful benefits, retirement plans, wellness incentives, a great organizational culture, and much more! If you're searching for something more than just a job, something akin to a calling, then consider the challenge and opportunity of being a member of Johnson County Government!

The County Cash Manager is responsible for overseeing the day-to-day cash management operations of Johnson County Kansas. This position ensures the County maintains adequate liquidity to meet financial obligations, while effectively managing idle funds/investment portfolios in accordance with county policies, state laws, and public fund investment guidelines. The Cash Manager plays a key role in optimizing cash flow, safeguarding public funds, and supporting fiscal transparency and accountability.

Job Duties include:

Manage short-term and long-term investment portfolios in accordance with Kansas statues, the County's Investment Policy, industry best practices, and "expanded powers" investment requirement.
• Continually review, evaluate and enhance systems and procedures for making investment decisions and tracking and managing cash and investments
• Act independently within established investment policy, procedures, and guidelines to develop, recommend, or execute investment programs and strategies.
• Develop and monitor short- and long-term cash forecasts for all funds.
• Develop, monitor and review investment strategies, techniques, and instruments through regular contact with other industry professionals and through internal and external research.
• Maintain knowledge of and ensure compliance with current legislation and County policies regarding cash management and investing.
• Examine and monitor legislative, regulatory and economic developments relating to the asset management industry for cash and fixed income market
• Provide complete accrual, amortization and accretion of investments on a quarterly and annual basis and prepare the necessary work papers and journal entries.
• Maintain effective dialogue with brokers, banks, and industry professionals to discuss the markets, the portfolio, portfolio objectives, portfolio performance, and portfolio goals.
• Maintain various historical records on cash flows, cash balances, investment performance, and similar information relative to the cash and investment function.
• Ensure that content relative to the cash management and investment functions remains current on County websites and other literature.
• Maintain current procedures documenting all daily, weekly, monthly, quarterly, and annual cash and investment functions and ensure the Cash Manager's backup has a current copy and is briefed and trained on all changes.

Performance reporting and interfacing with strategic partners:

• Prepare and present quarterly portfolio performance updates to the Investment Review Group, a committee consisting of community volunteers, a County Commissioner liaison and County staff.
• Provide budget and cash management information to BFP, CMO, BOC, TFM senior management, the Revenue Estimating committee and other stakeholders as needed.
• Prepare audit work papers and financial schedules necessary for internal and external audits and the preparation of County financial reports and work with the auditors as needed.
• Annually apply for and maintain expanded powers investment authority form the Pooled Money Investment Board. This authority adds in excess of $2M investment income annually to the County.

Minimum Requirements:

Bachelor's degree in the following field(s) of study: Finance, Accounting, Economics, Business or related field is required. Seven (7) years' increasingly responsible government or corporate cash management experience managing large (>$100M) portfolios and seven (7) years of fixed income investment management experience are required.

Preferred:

Master's degree in the following field(s) of study: Finance, Accounting, Economics, Business or related field and Certified Treasury Professional (CTP) and/or Certified Cash Manager (CCM) are preferred. Also, experience with fund accounting and government finance practice is preferred.