New York Power Authority Treasury Specialist in White Plains, New York

Treasury Specialist

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Job Description

Forecast cash position and investment level required daily in each Authority account. Execute short-term investments (one to five days up to $50 million) to ensure surplus cash is minimized and maximum funds are invested to achieve departmental and company financial goals.

Determine and execute daily financial transactions to fund payables. Ensure documentation for cash and investment activity complies with investment guidelines and departmental policy.

Prepare reports and graphs on financial position on a monthly basis for inclusion in the company’s monthly financial reports.

Review account analysis statement, prepare bank reconciliation spreadsheets, investigate discrepancies and take appropriate corrective action. Based on aforementioned account analysis statements and spreadsheets, prepare a semi-annual report for the Deputy Treasurer to ensure that NYPA is maintaining compensating balances within the +/- 5% range of the bank’s required balances.

Process and track payments requested by the Treasury department for goods and services, conferences, subscriptions, etc. when use of the Corporate Procurement Card is an option.

Investigate check exception items on the Positive Pay program to determine if checks are valid and should be paid. Submit decisions to JPMorgan Chase via the internet.

Track the variable interest rates on NYPA’s Adjustable Rate Tender Notes and Variable Rate Investments to ensure correct weekly/ monthly interest payments.

Price NYPA’s investment and debt portfolios through Interactive Data Corporation and prepare monthly market value reports for inclusion n NYPA’s financials.

Shared responsibility with the Sr. Treasury Analyst for overseeing NYPA’s Commercial Paper Notes Program.

Track payments made in relation to the Niagara Relicensing project to ensure proper funding from tax-exempt, taxable and/or capital funding.

Maintain wire transfer and line code instructions in JPMorgan Access to ensure daily transfer of funds are appropriately deposited in recipient’s bank account. Transmit trade information into internet based custody systems.

Required Skills

Proficient in Microsoft Office Suite (Excel, Word, PowerPoint), Investment Management System (PORTIA), internet banking systems, strong communication skills, ability to multitask, effective problem-solving skills

Strong math ability, analytical skills and prioritization skills

General knowledge of banking industry and cash management

Ability to determine and resolve cash/investment/bank discrepancies with minimal supervision.

Ability to conceptualize the effect of action taken in one fund on other Authority funds.

Initiative to recommend improvements to daily processes and procedures vital.

High degree of flexibility to adjust analysis of accounts quickly and recommend immediate action when last minute/emergency cash requirements present

Required Experience

Bachelor degree, or an Associate degree combined with relevant business experience

CCM Credential (Certified Cash Manager) desirable

Job Location

White Plains, New York, United States

Position Type