Manager III (Cash Manager), Grade M3

Job Description
Manager III (Cash Manager), Grade M3
Montgomery County Government Department of Finance
Rockville, MD
$63,411  – $115,901
This position is responsible for the overall management and supervision of certain components of the County’s Cash management program within the Department of Finance. Specifically, the supervision and administration of the working capital investment management program, the County’s banking relationships and services, the development and maintenance of the County’s cash budget and cash forecasting process, and the active management of the County’s commercial paper program.

The successful candidate will have demonstrated experience managing a short-term working capital portfolio, understand the portfolio objectives, and make recommendations to ensure the proper balance between capital preservation, liquidity needs, and yield. The successful candidate will also have demonstrated experience with short-term debt markets, including how it interacts with long-term debt. The successful candidate will have demonstrated experience with banking rules and regulations, preparing an RFP, as well as the various banking and cash management services and products provided by commercial banks. The successful candidate will have experience preparing and monitoring an annual cash budget, monthly cash flow statements, monthly cash flow variance reports, and investment management and accounting reports. The successful candidate will have experience evaluating the performance of investment managers and commercial paper dealers, and be able to report the results of those findings to senior management. This position manages the work of two professionals: investment manager and banking analyst.


  • Work with the Debt Manager and others to monitor spend-down of the County’s commercial paper program and general obligation bond funded capital expenditures.
  • Attend Quarterly Investment Committee meetings and provide advice and recommendations relative to the active management of the working capital portfolio.
  • Manage banking relationships, consult with other county agencies regarding new payment options (including check and credit card), and overseeing new RFP for the County’s primary bank.
As a manager/supervisor of unionized employees, this position has a responsibility for fostering a positive labor relations environment based on mutual trust, respect, and cooperation.
A complete job summary is available in the full advertisement.

Experience:  Five (5) years of progressively responsible professional experience in managing a working capital investment portfolio to include managing a commercial paper program.
Education: Graduation from an accredited college or university with a Bachelor’s Degree.
Equivalency: An equivalent combination of education and experience may be substituted.

All resume submissions must address the preferred criteria for the position which are located in the full advertisement.

Recruitment is scheduled to close on September 10, 2013

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“Managerial Executive” job category, IRC12016

Company Information
Name :
Montgomery County Government
Description :
We are committed to workforce diversity and fostering a culture of mutual trust, respect and cooperation.  Montgomery County is a great place to work!
Type :
Direct Employer
Address :
101 Monroe Street, 2nd Floor Rockville, MD 20850
Application Information
Online :
Job Posting Entered On :
Job Posting Expires On :




Manager III (Cash Manager), Grade M3