SPECIAL NOTE:
CANDIDATES WITH A PERMANENT STAFF ANALYST OR COMPARABLE CIVIL SERVICE TITLE WITH SIMILAR DUTIES/RESPONSIBILITES ARE ENCOURAGED TO APPLY. PLEASE INCLUDE YOUR EMPLOYEE IDENTIFICATION NUMBER (EIN) WHEN APPLYING AND INDICATE IN YOUR COVER LETTER YOUR PERMANENT CIVIL SERVICE TITLE.

NYC Department of Finance (DOF) is responsible for administering the tax revenue laws of the city fairly, efficiently, and transparently to instill public confidence and encourage compliance while providing exceptional customer service.

The Treasury and Payment Services Division is responsible for overseeing all City payment websites, the payment processing of tax returns, property recording forms, parking violation programs, and the collection of delinquent accounts, and oversees the agency’s management of the City’s cash balances and its relationships with banking institutions. Treasury and Payment Services is also responsible for collecting outstanding violations issued by City agencies and adjudicated by the Environmental Control Board.

The Treasury Division is responsible for managing City cash flows of over $135 billion annually, funding approximately $35 billion of City payrolls and over $77 billion of annual vendor payments, securing and managing collateral for over 4,450 City bank account balances, maintaining relationships with 29 City of New York-designated banks, serving as the fiduciary of approximately $195 million in court funds, and providing administrative support to the New York City Banking Commission.

The selected candidate will be responsible for, but not limited to,

- Managing the day-to-day functions of the Treasury division. Provide assistance and support for the three units within the treasury division.
- Maintain a log for the zero balance accounts. Daily control of the zero balance accounts linked to the pool accounts. Contact the Agencies as needed to assure they provide any required funding and prevent overdrafts. Monthly provide Agencies with their account balance reports.
- J6 Accounting Entries - Monitor daily and record the daily transfers made between the City's main accounts. Record all FMS journal entries for cash transfers made between the City's account and Central Treasury. At least twice a week, submit to the Comptroller's office all the journal entries processed for approval.
- Retrieve daily Investment Reports (QED). Ensure investments placed by the Comptroller's Asset Management unit that relate to Central Treasury funds, and certain restricted funds, are tracked and recorded.
- Pool Accounts - Monitor and maintain the trial balances of 3 major concentration accounts. Maintain daily balances for deposits, wires and ACH transactions made and allocate the respective deposits to each zero-balance account. After the total disbursements are debited from the pool account, ensure minimum balances for daily liquidity. In addition, deposit Agency checks via remote check deposit into the pool account as required.
- Process the monthly sales tax collected by various City Agencies and execute the monthly and quarterly payments to NY State. This consists of gathering and reviewing data submitted by the Agencies and validating the data, then calculating the necessary payment to NYS and vouchering the amount in FMS.
- Assist with payroll taxes to the IRS and NY State. Payroll obligations total hundreds of millions of dollars on a bi-weekly basis. Timeliness and accuracy are of utmost importance when processing to avoid penalties.
- OPA funding wire entry. Various payrolls are paid through the Office of Payroll Administration's sub-account. That account must be funded from Central Treasury for the payroll payments to be processed. Payrolls exceed one and a half billion dollars per month.
- Assist with various Fed wires, chips, and book transfers. In addition to the payroll funding, exception payments must be processed in a timely manner by the Cash Management Unit. When needed, the unit processes same day payments, and international payments via Fed, Chips, or book transfers.
- Assist with Banking Commission assessment of Banking Candidate Designation information; analyze applying banks for compliance with requirements and financial soundness.
- Liaison between the Office of the Comptroller and audit-related bank requests for DOF.
- Research and provide all agencies with solutions for any banking issues (solutions may include disbursement and collection products such as ACH, positive pay, prepaid cards, stop payments/ fraudulent claims and vault services).
- Bank Account Service Proposal/Contract Analysis: Assist in review of contract documents and contract pricing, review service issues, earnings credits, amendment structures; develop itemized cost comparison analyses to project account service costs between banks; review pricing for newly requested account services and issue cost-based recommendations. Work closely with the ACCO, MOCS, OMB, and Comptroller on existing/new contracts.
- Backup functions and special projects as needed.

1. A master’s degree from an accredited college or university, accredited by regional, national, professional or specialized agencies recognized as accrediting bodies by the U.S. Secretary of Education and the Council for Higher Education Accreditation (CHEA) in economics, finance, accounting, business or public administration, human resources management, management science, operations research, organizational behavior, industrial psychology, statistics, personnel administration, labor relations, psychology, sociology, human resources development, political science, urban studies or a closely related field; or
2. A baccalaureate degree from an accredited college or university, accredited by regional, national, professional or specialized agencies recognized as accrediting bodies by the U.S. Secretary of Education and the Council for Higher Education Accreditation (CHEA) and two years of satisfactory full-time professional experience working in one or a combination of the following areas: working with the budget of a large public or private concern in budget administration, accounting, economic or financial administration, or fiscal or economic research; or in management or methods analysis, operations research, organizational research or program evaluation; or in personnel or public administration, recruitment, position classification, personnel relations, labor relations, employee benefits, staff development, employment program planning/administration, labor market research, economic planning, social services program planning/evaluation or fiscal management; or in a related area.
Special Note:
To be eligible for placement in Assignment Level II, individuals must have, after meeting the minimum requirements, one additional year of professional experience as described in "2" above.

- Cash Management experience. - Strong analytical skills. - Strong computer and technical skills, including spreadsheet with macros, Word, Access, and PowerPoint. - Experience working with treasury functions or at a commercial bank.

This position is also open to qualified persons with a disability who are eligible for the 55-a Program. Please indicate at the top of your resume and cover letter that you would like to be considered for the position through the 55-a Program.

As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.

New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.