Chief Financial Officer

Chief Financial Officer

Salary Range: $120000 - $140000

Job Description – Chief Financial Officer

The Chief Financial Officer is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management

Under the general direction of the Chief Executive Officer (CEO):

• Monitor cash balances and cash forecasts.
• Arrange for debt and equity financing.
• Invest funds, including pension funds.
• Oversee the issuance of financial information.
• Maintain appropriate insurance coverage.
• Review and analyze monthly financial results and provide recommendations.
• Oversee the preparation and communication of weekly, monthly and annual financial statements.
• Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software.
• Ensure timeliness and accuracy of financial and management reporting data for federal funders, foundations, investors and company’s board of directors.
• Report financial results to the board of directors.
• Engage finance committee and/or board of directors to develop short term and long-term plans, projections and budgets.
• Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
• Review and ensure application of appropriate internal controls.
• Assess and evaluate financial performance of organization with regard to long-term operational goals, budgets and forecasts.
• Understand and mitigate key elements of the company's risk profile.
• Report risk issues to the audit committee of the board of directors.
• Ensure that record keeping meets the requirements of auditors and government agencies.
• Manage cash flow planning process and ensure funds availability.
• Oversee cash, investments and asset management area.
• Explore new investment opportunities and provide recommendations on potential returns and risks.
• Maintain outstanding banking relationships and strategic alliances with vendors and business partners.
• Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.
• Maintain relations with external auditors and investigate their findings and recommendations.
• Organizes, develops, and administers the fiscal services of the Authority including accounting, billing, collection, assessment, data processing and budgeting.
• Collects, organizes and analyzes data related to organizational, functional and fiscal activities, programs and services of the Authority.

Job Responsibilities – Chief Financial Officer

• Plans budget control procedures.
• Participates in the coordination, development and implementation of the annual budgets.
• Consults with and advises Authority officials in budget matters.
• Submits fiscals and budget reports to the CEO and COO.
• Controls the establishment and maintenance of all accounting methods and procedures of the fiscal services department.
• Directs the preparation of financial statements, related reports, and surveys.
• Performs special cost studies, evaluations, and other projects as directed by Executive staff.
• Responds to and resolves financial issues involving Member Agencies, the Authority, and other agencies.
• Evaluates and recommends actions for basic changes in the accounting procedures and system.
• Represents the Boards policies and programs with employees, Member Agencies and other government agencies.
• Administers data processing related activities.
• Advises as to business responsibilities and liabilities of the Authority for consideration by the COO.
• Prepares agenda items for consideration by the COO, and the Board of Directors (including committees).
• Attends Board of Directors and committee meetings.
• Interprets and applies legal requirements and Authority policies to all business activities.
• Interprets the business services program to the staff and the community.
• Assists in implementing and maintaining Authority safety practices and programs.
• Carries out special projects and other duties assigned by the COO.

Job Requirements – Chief Financial Officer

• Assume responsibility for the Authority's fiscal services department
• Anticipate problems concerning cash flow, budgets, and overall accounting practices (including development and implementation of solutions).
• Provide financial leadership to subordinates and other officials.
• Establish and maintain cooperative working relations with other personnel, the general public and governmental representatives.
• Effectively receive and disseminate information (including oral and written reports).
• Implement and monitor safety programs for all personnel and incorporate safe practices into performance of job duties.
• Work, generally, indoors in a controlled physical environment.
• Expend moderate physical energy while sitting, standing, walking (work is mostly sedentary).
• Effectively demonstrate the application of all skills, knowledge, and aptitudes required to carry out the duties cited above.

EMPLOYMENT STANDARDS:

Education and Experience: Any combination equivalent to graduation from college with a major in accounting and ten years of responsible experience in governmental accounting or business administration. Certified Public Accounting license is desirable.

Licensing: California driver's license (Class C).

Typical Responsibilities: Knowledge of irrigation business administration; district, state, and federal laws and policies affecting Authority operations; governmental budgeting, accounting, and auditing theory and practices, particularly as they relate to water districts and employment law.

JOB FUNCTIONS, DUTIES AND ABILITIES ARE SUBJECT TO CHANGE.