Chief Financial Officer
The Chief Financial Officer reports directly to the Board of Directors and is supervised in daily operations by the Executive Director of the Permian Basin Regional Planning Commission. Primary responsibilities include daily, monthly, and annual accounting for the financial operations of the Commission. In addition, responsibilities will include advisement, consultation, and implementation of financial policies as set out by the Executive Director and the Board of Directors of the PBRPC. Performs highly advanced and/or managerial (senior-level) financial work.
Work involves directing, planning, and coordinating financial activities; ensuring fiscal accountability to state and federal laws, regulations, and policies; developing funding forecasts; and preparing and monitoring budgets. Plans, assigns, and/or supervises the work of others. Works under minimal supervision with extensive latitude for the use of initiative and independent judgment. In coordination with the Executive Director, shall prepare an annual budget for the Commission.
Responsibilities
Essential Duties:
• Formulates and implements policies and procedures for budget and financial activities to ensure compliance with state and federal laws, rules and regulations concerning the fiscal management of government funds and resources.
• Directs and coordinates the formulation, presentation, and monitoring of the operating budget and recommends staffing and funding for budget and financial activities.
• Directs the preparation of financial summaries and forecasts reflecting income and expenditures.
• Directs the preparation of financial documents and maintenance of automated accounting system.
• Oversees activities to receive, disburse, deposit, and account for funds.
• Advises and recommends appropriate action to management on fiscal matters and institutes controls for sound fiscal management of state and federal funds to implement and maintain program goals and objectives.
• Develops long-range fiscal policies and adjusts budget projections.
• Confers with investment bankers, financial advisors, and other chief fiscal officers for techniques in leveraging funds.
• Maintains a fiduciary role, responsible for the protection and custody of funds and related financial documentation.
• Completes and presents a monthly financial report and statement to the Board of Directors.
• Represents the department at national, state, and local levels concerning budget and financial activities.
• Directs securities investment operations, recommends, and implements asset mix changes, and allocates cash flows for internally managed funds.
• Monitors the performance of investment portfolios, monitors, and evaluates overall fund performance.
• Develops and implements internal controls to safeguard the assets of funds.
• Monitors various markets to identify trends and the best opportunities for funds.
• Provides coordination, direction, guidance, and assistance in the service programs’ financial accountability activities.
• Establishes goals and objectives that support overall strategies; plans, develops, and approves schedules, priorities, and standards for achieving goals; and directs evaluation activities.
• Reviews budgets and participates in final approval.
• Develops and implements techniques for evaluating program activities.
• Develops goals and objectives consistent with the agency strategic plan.
• Plans, assigns, and/or supervises the work of others.
• Performs related work as assigned.
Qualifications
MINIMUM QUALIFICATIONS
Graduation from an accredited four-year college or university with major course work in management, finance, statistics, economics, accounting, or a related field is preferred. Experience in financial work required.
Experience and education may be substituted for one another.
KNOWLEDGE, SKILLS, AND ABILITIES
Knowledge of fiscal planning and management practices; of developing, implementing, and monitoring budgets; public funds investment laws and practices; fund accounting principles and procedures; debt issuance process; the legislative budget processes; various PBRPC funding programs; and of auditing and investigative methods, practices, and procedures. Skill in analyzing and organizing technical data. Ability to establish plans and set objectives and goals that support the overall strategic plan; to identify problems, evaluate alternatives, and implement effective solutions; to interpret and analyze legislation, rules, and regulations; to communicate effectively; and to plan, assign, and/or supervise the work of others. Must be familiar with OMB 2 CFR standards.
Training opportunity will be offered to qualified candidate.
REGISTRATION, CERTIFICATION, OR LICENSURE
May be required to be registered, certified, or licensed in a specialty area.
Must attend regular public funds investment training per agency investment policy.
Appropriate Texas driver’s license and proof of automobile liability insurance.
Permian Basin Regional Planning Commission
Midland, TEXAS 79706
United States