Treasurer/Assistant Tax Collector
Summary
The Treasurer serves as the chief cash management and treasury officer for the municipality and is responsible for the administration, custody, investment, disbursement, and reconciliation of all municipal funds in accordance with Massachusetts General Laws and accepted governmental finance practices. The Treasurer oversees municipal banking relationships, debt management, payroll disbursement, cash forecasting, trust funds, and investment activities while ensuring strong internal controls, financial integrity, and regulatory compliance.
Responsibilities
Cash Management:
- Maintains custody and control of all municipal funds and ensures the accurate receipt, deposit, investment, and disbursement of public monies.
- Manages the municipality’s cash flow, liquidity, and short- and long-term investment strategies in accordance with Massachusetts General Laws and town financial investment policies.
- Monitors daily cash balances and prepares cash flow projections and financial analyses.
- Oversees municipal banking relationships and coordinates banking services, wire transfers, electronic payments, and merchant services.
- Administers trust funds, stabilization funds, special revenue funds, and other municipal financial assets.
Debt:
- Coordinates with the Finance Director the issuance and administration of municipal debt, including bonds, notes, and temporary borrowing in collaboration with financial advisors, bond counsel, auditors, and state agencies.
- Ensures compliance with all federal, state, and local reporting requirements related to debt and treasury operations.
- Development of financial policies, procedures, and long-range financial planning initiatives.
- Participates in budget development and financial forecasting activities.
- Maintains accurate financial records and prepares reports for municipal leadership, auditors, and regulatory agencies.
Payroll & Disbursement Oversight
- Ensures timely and accurate processing of payroll and vendor payments.
- Reviews and authorizes checks, ACH transactions, and electronic disbursements.
- Ensures compliance with applicable payroll and tax reporting requirements, and internal controls. Responsible for 941 tax forms and payments.
Internal Controls & Compliance
- Develops, implements, and monitors strong internal control systems to safeguard municipal assets and ensure financial accountability.
- Reconciliation of bank accounts, investments, and cash balances with the accounting system.
Qualifications
- Bachelor’s degree in finance, accounting, business administration, public administration, or related field required; Minimum of five to seven years of progressively responsible experience in municipal finance, treasury management, governmental accounting, or state financial administration. Massachusetts municipal finance experience strongly preferred.
- Equivalent combinations of education and experience demonstrating the required knowledge, skills, and abilities may be considered.
Certifications
- Certification as a Massachusetts Municipal Treasurer or ability to obtain certification within three years
Knowledge, Skills, and Abilities
- Thorough knowledge of Massachusetts municipal finance laws, including M.G.L. Chapters 35, 44, 59, 60, and related statutes.
Salary: Up to $112,263.04