The Treasurer Collector is appointed by the Mayor and serves under the administrative direction of the Chief Financial Officer as a member of the financial team in accordance with applicable statutes of Massachusetts General Laws (MGL) and local charter and bylaws.  The Treasurer Collector has charge of the Treasury and Collecting Department and the supervisory responsibilities over the department employees.  The Treasurer Collector is the custodian of all the City’s funds, responsible for the collection and processing of all City revenues, oversees borrowing and debt in accordance with applicable state and federal laws, investment and cash management of City funds, solicitation of bonds, and payment of debt obligations and tax foreclosure.

Essential Functions

(The essential functions or duties listed below are not all inclusive, but rather are illustrations of various types of work of the Treasurer Collector).

  • Develop and implement efficient cash management procedures, including forecasting short-term investing to maximize cash flow, monitoring cash receipts and maintaining internal control procedures. 
  • Monitor cash levels in the treasury; responsible for borrowing short- and long-term funds; signs notes, bonds, and other papers of short- and long-term credit, ensuring that all paperwork is in place; and pays interest and principal on maturing debt.  
  • Directs the issuance of all tax bills, account receivables, and betterments due the city and enforces payment, and assumes responsibility for the collection, receipt, accounting, and disbursement of all funds as a bonded custodian, including the management of lien procedures.
  • Monitors overall administration of the city’s payroll, ensuring compliance with city policies and federal and state regulations and the accuracy of the quarterly filings, and the overall compliance with record management. 
  • Initiates the process for the seizure and sale of properties, supervises tax and sales and foreclosures through the Land Court, and performs foreclosure on tax title.  
  • Initiates, negotiates, and arranges for long- and short -term loans, ensuring that all statutory requirements for bond issues are met, and approving and signing all bonds, releases, and other documents subject to the authorization of the Mayor and City Council. Maintains relationships with credit rating organizations, bank advisors, and other departments. 
  • Acts as a custodian for all City trust funds, investing and expending from investment as directed, prepares summary reports, and reconciles trust accounts. 
  • Acts as custodian of retirement funds, acting as the authorizing and remitting agent for deferred compensation plans, credit unions, and withholding federal and state tax withholdings.
  • Prepares financial and other reports reflecting the office activities as required.  Interfaces with city departments, federal and county agencies, courts, commercial banks, and other establishments to verify and reconcile accounts, prepare records and reports, investments, interest rates, etc.
  • Consults with the Chief Financial Offices on issues, including bonding, budget preparation, serious personnel problems, and major policy issues and expenditures.
  • Prepares the department budget, financial information for the annual report, quarterly cash reports for the Department of Revenue, W-2 information, and quarterly and annual reports to the Internal Revenue Services. 
  • Participates in establishing short- and long-term plans and objectives within the scope of city policy and strategic citywide goals.
  • Plan overall department activities and develop and recommend policies and procedures in areas of responsibility.   Interview, select, orient, train, schedule assigned staff, evaluate performance, and recommend personnel actions.    

Recommended Education, Experience, Abilities and Skills  

  • Bachelor’s degree in accounting, finance, accounting, or related field. Additional study in specialized areas, including investment analysis, collections, tax title, etc. a plus.
  • Five years of related accounting, finance, or business work experience (municipal preferred) in a supervisory and management capacity.
  • Working knowledge of state and local laws and regulations relating to municipal finance, financial reporting, treasury management, debt administration, investment and money management, internal controls, tax title, and payroll.
  • Knowledgeable in alternatives for capital improvement financing and the issuance of debt instruments. 
  • Detailed-oriented, while possessing the ability to keep an eye on the city’s bigger picture and strategic initiatives.
  • Commitment to keeping abreast of changes and emerging issues with respect to municipal finance. 
  • Provide comprehensive and understandable financial information to the Chief Financial Officer and other stakeholders ensuring that the very best, complete, and accurate information is made available to all on a timely basis.
  • Good public relations, customer services, and numerical skills.   
  • Ability to communicate effectively, work well with employees and officials at all levels, maintain and prepare complex records and reports, maintain effective accounting procedures, and carry out projects to their completion.  
  • An equivalent combination of education and experience is acceptable.  
  • Subject to mandatory CORI.
  • Must be bondable.
How to Apply
The recently updated starting salary range is $99,356 to $109,540 DOQ for non-residents, which is increased by 10% to $110,396 to $121,712 DOQ for employees choosing to reside in the city. The full 12 step salary range is up to $188,815.  The City of New Bedford offers an excellent benefit package and flexibility.  

Apply online with a resume, cover letter and contact information for five professional references.  This is a rolling recruitment which will be open until filled.  First review of resumes will occur July 24th.   Confidential inquiries are encouraged and should be directed to Michael Jaillet, Vice President, GovHR USA at 781-760-3658.

The City of New Bedford is an Equal Opportunity Employer which values diversity at all levels of its workforce and is actively seeking a diverse pool of candidates for its next Treasurer Collector.

Application Deadline: Open Until Filled

Posted: 2023-07-21

To apply for this job please visit

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