City of Tacoma, Washington – City Treasurer

City of Tacoma, Washington

Apply by Sunday December 6, 2020 by clicking here or by visiting www.prothman.com!

 

The Community:

Tacoma is centrally located just 32 miles south of the City of Seattle and 31 miles north of the state capital, Olympia. The City is also home to the Port of Tacoma, the seventh-largest container port in the United States. Like most cities in the northwest, Tacoma is surrounded by beautiful nature, giving residents many opportunities for outdoor adventures. Tacoma is recognized as a vibrant and progressive international city. Incorporated in 1884, Tacoma has grown from its historical roots as a port town of sawmills into an international port city with a vibrant art community with abundant outdoor and community activities. With its affordable housing and distinctive neighborhoods, the city has been named one of the nation’s Most Livable Communities. Tacoma is a thriving city with a revitalized downtown that caters to residents and visitors alike with its waterfront activities, shopping, fine dining, theaters, award-winning architecture, world-class museums, and art galleries. Downtown’s Cultural District is the site of the Washington State History Museum, Museum of Glass, the Tacoma Art Museum, and America’s Car Museum. Largely suburban in nature with a small, but dense, urban core, Tacoma is home to a large number of institutes of higher learning that attract students from across the country. The University of Washington Tacoma, Pacific Lutheran University, University of Puget Sound, a satellite campus of the Evergreen State College, three community/technical colleges, and several trade and business schools are within Tacoma’s geographic area.

 

The Organization & Position:

The City of Tacoma operates under a Council-Manager form of government. The City Council consists of a Mayor, five district representatives and three at-large representatives. All serve staggered four-year terms. With a population of approximately 217,000 residents, Tacoma is the second-largest city in the Puget Sound area and the third largest municipality in the state. Tacoma currently has approximately 3,500 FTEs and a total 2021-2022 biennial budget of $3.6 billion. The Finance Department is responsible for the financial operations of the City. The Finance Department is composed of seven divisions/offices – Accounting Services, Utilities Accounting, Procurement & Payables, Office of Management & Budget, Office of Risk Management, Tax & License and the City Treasurer’s Office which includes Payroll. Each division/office is headed by a division manager who reports to the Finance Director and Assistant Finance Director/Controller. Collectively these team members form the Finance Department’s leadership team. The Finance Department has approximately 95 FTEs. The Treasury and Payroll division has 12 full time employees.

 

Under the direction of the Finance Director and Assistant Finance Director/Controller, the City Treasurer manages the City’s debt portfolio of approximately $870 million in utility debt and $590 million in general government debt, manages the City’s investment portfolio of approximately $1 Billion while ensuring adequate liquidity, provides treasury functions for all City departments, and oversees the City’s biweekly payroll to 3,500+ employees. Other critical functions include assisting in maintaining and improving the City’s credit rating, being a key leader on the team working on the City’s PCI compliance, assisting all City departments with their cash handling needs, and managing the City’s continuing disclosure and post-issuance compliance policy.

 

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