Chief Financial Officer CFO

Description

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Benefits

The Chief Financial Officer (CFO) plans and directs the full range of finance and accounting services for the District. The CFO oversees all areas of financial services including banking, bookkeeping, accounting, financial reporting, public funds investment, utility billing, customer records, customer service, risk management, budget development and cost control, and District Asset management.

The CFO develops budgets, oversees multi-year planning processes, and develops comprehensive fiscal policies. In addition, the CFO monitors and implements Government Accounting Standards Board (GASB) pronouncements, produces and reconciles the annual comprehensive financial report (ACFR), and assesses future fiscal impacts to the organization.

THE IDEAL CANDIDATE

The ideal candidate for this position will be excited about the opportunity to lead a Finance Department in a highly respected agency.

This person will be open, honest, direct and will exercise a high degree of common sense and sound judgement. The incumbent will be discreet and respectful when dealing with confidential and sensitive matters.

This person will have excellent interpersonal and communication skills (both written and oral); strong and proven management and leadership skills;

as well as skills in business and organizational management, financial management, program and project planning, strategic planning, and consensus building.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Acts as administrative manager for high-level District projects and performs high-level oversight of the District’s financial operations.
• Develops systems, controls processes, and evaluates programs within the District’s core operational functions to ensure compliance with applicable laws, regulations, policies, and procedures, and WRD’s mission, goals, and objectives are met.
• Assists in the preparation of the final draft budget to be presented to executive management and subsequently to the Board of Directors.
• Presents information to the Board of Directors and its Committee structure, to outside organizations (pumpers), and to the Budget Advisory Committee (BAC).

Acts as lead staff person for the BAC, maintains communication and working relationships with BAC members, and leads the biennial BAC election efforts for the District.

• Assists in preparing budget scenarios and the District's 5-Year Forecast.
• Provides problem solving and management decisions on Midyear Budget fluctuations and other budget issues.
• Serves as Finance's key point of contact for independent auditors, outside consultants, external elected officials, and city management, WRD executive management, and Board of Directors.
• Coordinates departmental goals with overall District objectives.
• Assists and participates in annual strategic planning.
• Ensures adequate controls are established and maintained and that substantiating documentation is approved, and purchases may pass independent and governmental audits (OMB A-133 Single Audit Compliance).
• Oversees the coordination and activities of independent auditors ensuring all OMB A-133 audit issues are resolved and annual financial statements are prepared in accordance with US Generally Accepted Accounting Principles (GAAP), Generally Accepted Auditing Standards (Yellow Book Standards), and Generally Accepted Government Auditing Standards (GAGAS).
• Evaluates and adjusts internal control structure as needed, specifically as it relates to separation of duties. Interfaces successfully with diverse external agencies.
• Leads communication of finance and accounting activities to the Finance / Audit Committee, Budget Advisory Committee, and the Board of Directors.
• Develops and manages the coordination of all fiscal reporting activities including reporting to outside entities and grant funding agencies.
• Leads production of and presents annual budget information both internally and externally, keeps updated on auditing and reporting requirements to County Board of Supervisors, State Controller’s Office, Bond Trustee, and Rating Agencies.

Responsible for timely and accurate reporting of financial data.

MINIMUM QUALIFICATIONS TO APPLY : A Bachelor’s degree from an accredited college or university with major coursework in accounting, finance, public administration or a related field;

and at least seven years of increasingly responsible financial management experience, including five years of management responsibility.

A master’s degree is highly desired, but not required.

LICENSES; CERTIFICATES; SPECIAL REQUIREMENTS : A Certified Public Accountant (CPA) license is highly desired, but not required.

Possession of a California Driver’s License and car insurance. Proof of COVID19 vaccination is required upon hire.

APPLICATION AND SELECTION PROCESS : The first review of applications is March 31, 2022. To be considered for this opportunity please submit a (1) District application, (2) cover letter highlighting your applicable experience, and (3) resume to by the first review date.

INCOMPLETE SUBMISSIONS MAY RESULT IN DISQUALIFICATION. The most qualified applicants will be invited to participate further in the screening process, which will include a panel interview and possible written exam.

Final candidates must be able to prove legal U.S. residency, pass a background check, a physical, and a drug test. The District is an Equal Opportunity Employer.

As part of its commitment to hire and retain highly qualified customer-service driven professionals, WRD provides employees with a very comprehensive and competitive benefits package including employer covered health care, retirement through the California Public Employee’s Retirement System (PERS) with Social Security, and up to 50% matching deferred compensation (with limits).

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