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.

DOF's 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.

Treasury is seeking a Director of Court Assets to oversee all operational activities within Court Assets. The ideal candidate must possess strong written and oral communication skills, sound judgment and the ability to manage sensitive matters with professionalism and discretion.

Reporting to the Assistant Commissioner and Treasurer, the selected candidate's responsibilities will include but not be limited to:

-Direct and oversee all operations related to the administration, accounting, safeguarding, investment, and disbursement of Court Assets, including Trust, Bail, and other court-controlled funds totaling approximately $250-$300 million annually.
-Manage daily financial operations, review and approve reconciliations, ensuring compliance with internal controls, oversee the annual Abandonment process where unclaimed funds are escheated, coordinate and respond to NYS audits as well as certifying NYC Comptroller's reports.
-Manage and supervise professional and support staff responsible for Court Asset operations, establishing performance standards, internal controls, and operational procedures.
-Responsible for records retention and maintenance for Court Assets, including the secure management of archived Court Asset records and coordination of retrieval requests related to legal proceedings, audit and Freedom of Information Law (FOIL) request.
-Ensure the accurate receipt, deposit, reconciliation, investment, and release of funds, are in accordance with court orders, applicable laws, regulations, and DOF policies.
-Provide fiduciary oversight for all Court Asset accounts and maintain accountability for the integrity, security, and proper stewardship of public funds.
-Review, approve, and certify complex financial reconciliations, accounting records, disbursements, and reports to ensure accuracy and regulatory compliance.
-Direct the annual abandoned property and escheatment process, ensuring unclaimed funds are transferred in accordance with New York State requirements.
-Develop, implement, and monitor internal controls, risk mitigation strategies, and operational procedures to protect assets and maintain compliance with auditing standards.
-Serve as the agency's primary point of contact for Court Asset matters involving the New York State Unified Court System, Department of Corrections, Comptroller's Office, Law Department, external auditors, and regulatory agencies.
-Serve as the primary liaison with the Courts, Department of Corrections, external Legal Firms, Law Department, Community organizations, the plaintiffs and the defendants and their families.
-Coordinate and respond to audits, investigations, legal inquiries, and compliance reviews conducted by federal, state, and city oversight entities.
-Monitor changes in legislation, court procedures, and financial regulations and recommend policy, procedural, or operational enhancements to maintain compliance and improve efficiency.
-Ensure compliance with all applicable accounting principles, court mandates, fiduciary standards, records management requirements, and Department of Finance policies.
-Fiduciary responsibility for checks disbursed from the DOF customer service windows.

Additional Information:

This position may be eligible for remote work up to 2 days per week, pursuant to the Remote Work Pilot Program agreed between the City and the Collective Bargaining Unit representing employees serving in the civil service title.

EXAMINER OF ACCOUNTS - 95312