Manager, Treasury Debt & Investments

Salary : $157,814.00 - $220,939.00 Annually
Location : Millbrae, CA
Job Type: Full-Time
Job Number:
Division: Finance
Department: Treasury
Opening Date: 10/30/2026
Closing Date: 12/13/2026 11:59 PM Pacific

General

The Manager, Treasury Debt and Investments manages investments, debt issuances, cash flow, activities related to managing the debt portfolio and compliance in accordance with Generally Accepted Accounting Principles (GAAP) and Government Accounting Standards Board (GASB) for the San Mateo County Transit District (SamTrans), Peninsula Corridor Joint Powers Board (Caltrain), the San Mateo County Transportation Authority (TA), and the San Mateo County Express Lanes Joint Powers Authority (Express Lanes).

APPLICATION DEADLINE: Sunday, December 13, 2026 (1st cutoff Sunday, November 29, 2026)
Essential Functions & Duties

• Manages the timing, issuance, and compliance of all debt instruments for the treasury department.
• Creates financing plans as needed for all four agencies' cash flow and debt transactions. Prepare and maintain long-term cash flow forecasts to adequately manage and anticipate debt and investment portfolios.
• Oversees the investment and management of the agencies' long-term investment portfolios, including the development of investment strategies for each, managing external portfolio managers, and following agency investment policies.
• Works with Municipal Advisors to oversee the production of official statements for bond offerings and prepares portions of the official statements and closing of bond issues.
• Develops, documents, and maintains necessary agency policies, including but not limited to debt, investment, and reserves for all agencies.
• Maintain compliance on all bond issuances, including annual repository, certificate filings, and arbitrage calculations.
• Supervise staff. Hire, mentor, and take appropriate corrective and/or disciplinary action. Ensure EEO policies and procedures are followed. Participate in selection of staff. Coordinate staff training and professional development. Establish performance objectives. Monitor and evaluate employee performance.

Examples of Essential Duties:

• Oversees updates to credit ratings and reporting to credit rating agencies, as well as preparation of all required EMMA postings for all debt.
• Gathers, maintains, and provides data required by the credit rating agencies for their on-going rating monitoring and make presentations as needed. Takes part in new debt issuance credit review and other credit surveillance calls for existing debt issues.
• Work with finance partners to provide required debt and investments financial disclosures and compliance reports including ACFRs, year end compliance, arbitrage and others as needed.
• Prepare and present required Staff Reports, Board Authorizations and Resolutions for debt and investments, and others as assigned.
• Develop special reports on investment information as requested by senior management. Produce monthly, quarterly, and annual investment reports and analysis for leadership, the Board of Directors, and other stakeholders upon request.
• Review and prepare monthly and quarterly Staff Reports and various financial statements, notes, tables, and exhibits for the Annual Comprehensive Financial Reports for all Agencies.
• Compile fiscal year-end narratives and statistical sections related to debt and long-term investments for the Annual Comprehensive Financial Statements (ACFR) for all agencies.
• Work with Treasury Operations Manager to identify areas of potential internal control exposure and areas for improving operational efficiency and take corrective action.
• Maintain debt, investment, and compliance records and reports for audits. Implement recommended changes in policies and procedures as required.
• Provides accounting, financial, and analytical expertise regarding debt, investment, and hedging as needed.
• Interprets and implements new and existing debt management and investment standards as revised from time to time by the State of California.
• Review monthly financial statements and related Treasury reports. Ensure the accuracy of Treasury journal entries and reporting.
• Work with accounting/GL group on the reconciliation of various general ledger accounts.
• Evaluate job performance of staff, which also includes the professional development of staff through the identification of on-the-job and other professional development opportunities.
• Perform all job duties and responsibilities in a safe manner to protect oneself, fellow employees, and the public from injury or harm. Promote safety awareness and follow safety procedures in an effort to reduce or eliminate accidents.
• Perform other duties as assigned.

Minimum Qualifications
Sufficient experience, training and/or education to demonstrate the knowledge and ability to successfully perform the essential functions of the position. In lieu of a degree, work-related experience that demonstrates the skills and experience necessary to perform this role will be accepted. Development of the required knowledge and abilities is typically obtained through but not limited to:

• Bachelor's degree in accounting, finance, or closely related field.
• Five (5) years of full-time, progressive experience in the fields of accounting, finance, or treasury.
• Three (3) years of full-time experience in government capital financing, debt management, and investment securities including issuance of three or more municipal bond offerings.
• Three (3) years of project lead or supervisory experience.

Preferred Qualifications:

• Professional certification such as Certified Treasury Professional (CTP), Chartered Financial Analyst (CFA) or Certified Public Finance Officer (CPFO) is desirable.
• Proficient with Microsoft Excel and financial modeling and analysis.
• Experience with automated financial management systems (e.g., PeopleSoft, Clearwater).
• Possesses effective written and oral communication skills.
• Working knowledge of GAAP.
• Working knowledge of governmental accounting, and/or enterprise accounting, and/or bond compliance.

The selection process may include a panel interview, written and skills test assessments, or supplemental questions. Only those candidates who are the most qualified will continue in the selection process. Meeting the minimum qualifications does not guarantee an invitation to continue in the process.
How to Apply

• Complete an online employment application by 11:59 p.m. of the listed closing date. Resumes and cover letters will not be accepted in lieu of fully completed applications. It is the applicant's responsibility to ensure that applications are completed with all relevant information (experience, education, certifications, licenses, references and/or other information).
• The Human Resources Department will make reasonable efforts in the recruitment/examination process to accommodate applicants with disabilities upon request. If you have a need for an accommodation, please contact the Human Resources Department.

Below is a summary of the comprehensive benefits provided to District full-time employees:

Health and Welfare Benefits:

• Healthcare Benefits -District employees are offered a choice of healthcare providers under the CalPERS Health Benefits Program. The District will contribute ninety (90) percent towards monthly premiums for full-time employees. Fifty (50) percent for part-time employees.
  
• Free Dental and Vision Benefits provided - Employer Covers Premiums
  
• Free Employee Assistance Benefit - Employees are entitled to 5 face-to-face sessions or telephonic or web-video consultations for problem-solving support per incident, per calendar year.

• Flexible Spending Accounts - Pre-tax dollars to pay for qualified Health or Dependent Care expenses.

Retirement Medical Benefits:

• Long Term Disability Insurance - After 90 days of total disability, Administrative full-time employees are eligible for 60% of monthly income covered by the District.
  
• Health and Wellness - Gyms located at most work locations and discounted Weight Watcher Membership Option.

Holidays and Paid Time Off:

• Paid Time Off - Newly hired employees accrue 6.5 hours bi-weekly when hired (if Exempt 8.25 hours). As you move up in years of service credit, the rate of the amount of PTO accrued will also increase.
  
• Paid Holidays - The District provides seven paid holidays throughout the year - New Years Day, Martin Luther King Jr. Day, Memorial Day, Independence Day (July 4th), Labor Day, Thanksgiving Day and Christmas Day
  
• Floating Holidays - District employees can earn up to five (5) floating holidays.

Financial Planning Benefits:

• Pension Benefits through CalPERS -You must have a minimum of 5 years of service to be eligible for this pension.

• CalPERS PEPRA vs. Classic - All employees hired on, or after January 1, 2013, are considered PEPRA members and will contribute 8% of their salary up to the maximum IRS cut-off. All Classic members will contribute 6%
  
• Deferred Compensation Options - Select to contribute to one or both of our Tax Deferred Compensation Options
  
• Reliance Standard Life Insurance with 100% premium paid by the District - 1 times annual salary of employee - max $200,000
  
• Optional Life Insurance - Employees may purchase additional life insurance for themselves and their eligible family members.

Growth and Education Benefits:

• Professional Development - Access to LinkedIn Learning and San Mateo County's professional training. District Tuition Reimbursement Program - A maximum of $5,250 per year for courses related to your job or career goals with the District.
  
• Computer Loan Program - Interest-free two-year loan with a maximum amount of $2,000.

Other Amazing Benefits:

• Credit Union - Employees and family members are eligible to join the San Mateo Credit Union and Patelco Credit Union.
  
• Employee Clean Commute (ECC) - Car/Van poolers and Public Transit riders receive a monthly reimbursement.
  
• Commuter Benefits - Free Employee Parking; Free Bus Pass for employee as well as children/spouse; Clipper Card/Go Pass Program for Central employees.

For union employees, all of the above benefits are subject to the employee's Collective Bargaining Agreement. Benefits listed are also subject to change with or without notice and are subject to contract/provider terms and conditions.
01

How many years of full-time, professional accounting, finance, or treasury experience do you have?

• No experience
• 1 year of experience
• 2 years of experience
• 3 years of experience
• 4 years of experience
• 5 years of experience
• 6 years of experience
• 7 years of experience
• 8 years of experience
• 9 years of experience
• 10 years of experience
• 11 years of experience
• 12 years of experience
• 13 years of experience
• 14 years of experience
• 15 or more years of experience

02

How many years of full-time supervisory experience do you have (including being responsible for hiring, performance management and training/development)?

• None
• 1 year of experience
• 2 years of experience
• 3 years of experience
• 4 years of experience
• 5 years of experience
• 6 years of experience
• 7 years of experience
• 8 years of experience
• 9 years of experience
• 10 or more years of experience

03

How many years of professional government capital financing, debt management, or investment securities experience do you have?

• No experience
• 1 year of experience
• 2 years of experience
• 3 years of experience
• 4 years of experience
• 5 years of experience
• 6 years of experience

04

Do you have experience with the issuance of municipal bond offerings? If so, how many have you done?

• No experience
• Yes, 1 issuance
• Yes, multiple issuances

05

Which statement below best describes the highest level of education you have completed?

• High school graduate, diploma or the equivalent (GED)
• Associate degree
• Bachelor's degree
• Master's degree
• Doctorate degree

06

Is your degree in accounting, finance, or a closely related field?

• Yes
• No
• Not Applicable

07

Do you have a professional certification such as Certified Treasury Professional (CTP), Chartered Financial Analyst (CFA) or Certified Public Finance Officer (CPFO) is desirable (check all that apply).

• Certified Treasury Professional (CTP)
• Chartered Financial Analyst (CFA)
• Certified Public Finance Officer (CPFO)
• Not Applicable

Required Question