PROPOSED SALARY RANGE: $ 81,203.00 – $ 88,539.00 (Annual)
SPECIAL NOTE: CANDIDATES WITH A PERMANENT ASSOCIATE 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 has over 500 staff and oversees the agency’s management of the City’s cash balances and its relationships with banking institutions. The division is responsible for the oversight of all City payment websites, the payment processing of tax returns, property recording forms, parking violation programs, and the collection of delinquent accounts. Treasury and Payment Services is also responsible for collecting outstanding violations issued by City agencies and adjudicated by the Environmental Control Board.
Treasury manages the City’s general and tax obligations and is responsible for the City’s cash flows under the fiscal budget of over $90 billion. In addition, Treasury provides funding of over $20 billion to various City’s payroll accounts and the payroll taxes of over $12 billion. Maintain relationships and worked closely the City’s designated banks. Secures and manages the daily collateral for numerous Agencies bank account balances. Manages over $300 million of Court fiduciary funds and provide administrative support to the NYC Banking Commission.
The Treasury Division is seeking a candidate that will assist with managing the day-to-day function for the Banking Relations and Services Unit. The selected candidate will be responsible for, but not limited to, the following:
• Budget and Bank Account Service Charge Analysis: Monitor Treasury’s budget; analyze bank account and credit card expenses; analyze monthly and fiscal year aggregate expenses; prepare and update budget schedules; reconcile monthly service changes for all bank accounts under contract; send monthly account service charge information to external agencies for review and approval; communicate with banks regarding service charge discrepancies and request reimbursement credit for confirmed overcharges as needed; develop and update Treasury supplemental analytical databases such as Account Descriptions, Service Descriptions, and Account Fund Sources.
• 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.
• Assist with Banking Commission (every odd year) with assessment of Banking Candidate Designation information; analyze applying banks for compliance with requirements and financial soundness.
• DOF Bank Account Structure Chart: Assist with developing and updating bank account charts; assist with creating various smaller bank account charts for proposed new bank accounts and/or significant cash transfers, such as the fiscal year-end prepayments.
• Manage and maintain two bank account databases; track accounts across DOF and other Agencies: one database is a roster of accounts citywide, and the other is a document repository for backup information on the history of accounts (i.e.: applications and signatory changes).
• 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, and vault services).
• Approve all invoices from merchant processors and forward to Budget for payment.
• Support CPSS on all bank account and Desktop deposit implementations; handle the implementation process for the scanners.
• Liaison between the Office of the Comptroller and audit-related bank requests for DOF.
• Attend Quarterly bank meetings to negotiate contract terms, pricing, services, and earnings credits, preparing and reviewing RFP’s/Bids.
• Coordinates opening and closing of bank accounts Citywide. Oversees updates in banking services systems.
Minimum Qual Requirements
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, and one year of satisfactory full-time professional experience in one or a combination of the following: 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; 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 three years of satisfactory full-time professional experience in the areas described in 1″ above.
Preferred Skills
• 5 years of professional experience in bank account processing.
• Solid analytical skills.
• knowledge of bank products and services.
• Possess a strong technical background including expert knowledge of Microsoft PowerPoint, Excel and Word.
• Excellent presentational skills.
• Bank account representatives a plus.
Additional Information
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.
In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire.
To Apply
Click the “Apply Now” button.
While we appreciate every applicant’s interest, only those under consideration will be contacted.
55-a Program
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.
Public Svc Loan Forgiveness
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 StudentAid.gov/PSLF .
Hours/Shift
Unless otherwise indicated, all positions require a five-day workweek.
Work Location
66 John Street, New York, Ny
(Current location but could be subject to change)
Residency Requirement
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.
POSTING DATE
07/11/2023
POST UNTIL
08/10/2023
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.