Department of Administrative Services

In the Office of the Treasurer Cash Management Division this class is accountable for direction of staff and the operations of a major sub-division.

Works under the administrative direction of the Assistant Treasurer - Cash Management or other employee of higher grade.

Recommends, implements and evaluates division policies, goals and objectives; designs and develops division programs and activities; implements new procedures and makes procedural revisions; directs management and coordination of unit staff; participates in preparing the division budget.

BANK CONTROL AND RECEIPT UNIT: Directs staff in operation of recording receipts, disbursements, account adjustments of all State of Connecticut Funds; directs the recording of all civil list deposits for State of Connecticut as well as all payroll, lottery and vendor disbursements for State of Connecticut; recommends new legislation; monitors pending legislation and implements new legislation; performs related duties as required.

CASH CONTROL AND FORECASTING UNIT: Directs staff in maintenance of sufficient cash balance in State bank of deposit to cover items presented for collection; monitors daily cash receipts and disbursements from depository banks and directs reserves to a bank of concentration for immediate investment; prepares and monitors detailed cash projections in time frames appropriate to realize maximum investment return on State common cash; performs related duties as required.

CASH REPORTING, ACCOUNTING AND RECONCILIATION UNIT: Directs staff in reconciliation on bank accounts maintained by State Treasurer; develops, recommends, evaluates and implements reconciliation policies and procedures; directs preparation of monthly and annual financial reports; provides assistance to other state agencies on Federal Reserve Regulations; performs related duites as required.

Considerable knowledge of and ability to apply management principles and techniques; considerable knowledge of accounting principles and practices; considerable knowledge of cash management practices and procedures; interpersonal skills; oral and written communication skills; considerable ability to interpret and apply complex statutes and accounting procedures; considerable ability in preparation and analysis of financial statements and statistical reports.

Two (2) years of the General experience must have been in cash management at the professional level in a supervisory capacity.

Notes:

1. Professional level accounting work is interpreted as work performed as a professional accountant, auditor, examiner or financial officer with responsibility for the exercise of independent analysis and judgement in the application of accounting principles and practices.
2. For state employees this is the level of a Supervising Accountant.

1. College training may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor's degree.
2. A Master's degree in business administration or a closely related field may be substituted for one (1) additional year of the General Experience.

This replaces the existing specification for the class of Cash Management Director in Salary Group MP 66 approved effective January 3, 1989. (Revised to modify Organizational Level)