What's Happening?
The Philadelphia Housing Authority (PHA) is recruiting a Treasury Specialist to support its daily cash management, banking operations, treasury reporting, and financial compliance. Under the general supervision of the Treasury Director, this role is crucial
for ensuring strong internal controls, accurate treasury processing, and adherence to HUD, federal, and state requirements. The position offers an annual salary range of $53,659 to $67,073 and is open to early-career finance professionals interested in treasury, government finance, accounting, and public-sector operations. Key responsibilities include monitoring daily ACH activity and bank transactions, assisting with investment activities, processing and scanning checks, preparing HUD LOCCS drawdowns, and reconciling treasury activity with accounting system records. The specialist will also maintain treasury records, policies, and procedures, and identify process improvement opportunities.
Why It's Important?
This role is vital for the Philadelphia Housing Authority's mission to provide public housing services to over 76,000 residents in Philadelphia. Effective treasury management directly impacts the PHA's ability to manage its financial resources, which are primarily derived from rent payments and subsidies from the U.S. Department of Housing and Urban Development (HUD). The Treasury Specialist's work ensures the accurate and compliant handling of these funds, which are essential for maintaining housing facilities, supporting resident programs, and meeting operational needs. Given PHA's 'Moving to Work' (MTW) status, which grants flexibility in developing innovative housing strategies, robust financial oversight is paramount to maximizing the impact of these initiatives. The position's focus on compliance with HUD and other regulations helps safeguard public funds and maintain the PHA's financial integrity.
What's Next?
The PHA will be reviewing applications for the Treasury Specialist position, seeking candidates with a Bachelor's degree in Accounting, Finance, Business, or a related field, and at least one year of experience in finance, treasury, or public sector financial operations. Preferred qualifications include Certified Treasury Professional (CTP) certification and familiarity with HUD programs and banking regulations. The selected candidate will be expected to quickly integrate into the treasury team, taking on responsibilities that directly contribute to the PHA's financial health and operational efficiency. Their immediate tasks will involve supporting daily financial operations, ensuring compliance, and contributing to process improvements. The ongoing success of this role will be critical for the PHA's ability to effectively manage its resources and continue providing essential housing services to the community.
Beyond the Headlines
The recruitment of a Treasury Specialist by the Philadelphia Housing Authority underscores the intricate financial ecosystem within public housing agencies. Beyond the technical aspects of cash management and reporting, this role touches upon the broader societal impact of public finance. The efficient and transparent management of funds directly translates into improved living conditions and support services for vulnerable populations. The emphasis on compliance with HUD requirements highlights the stringent regulatory environment governing public housing, where financial decisions have direct consequences for federal funding and public trust. This position is not merely about numbers; it's about ensuring the financial backbone of an organization dedicated to social welfare, demonstrating how specialized financial roles are integral to achieving public service goals and maintaining accountability to both residents and taxpayers.
