Assistant Director, General Accounting

SUMMARY

PURPOSE OF POSITION

The Assistant Director, General Accounting, will provide staff leadership, plan, direct, manage and oversee the activities and operations of the General Accounting team within the Finance Department. This team is responsible for general ledger, accounts payable, payroll, audit support, monthly balance sheet reconciliation and validation, fixed assets, and other financial reporting.

DISTINGUISHING CHARACTERISTICS

This job description is not part of a job series

SUPERVISION EXERCISED AND RECEIVED

• Receives general oversight from director or executive level management
• Responsible for supervising and monitoring the performance of a team or department

ESSENTIAL DUTIES AND RESPONSIBILITIES

The duties listed below are intended to describe the general nature and level of work being performed and are not to be interpreted as an exhaustive list of responsibilities.

• Direct, manage, monitor, and evaluate work and activities of assigned team.

• Plan, organize and direct maintenance of official Agency financial records.
• Develop policies and procedures to ensure adequate internal controls, segregation of duties, organizational efficiencies, adherence to best practices, and compliance with regulatory requirements, while maintaining alignment with existing policies and procedures.
• Assure the financial integrity of the organization by developing and implementing a system of internal controls to safeguard assets and continually review financial systems to assure achievement of the Agency’s goals and objectives.
• Ensure the timeliness and accuracy of payroll, revenue collection, accounts receivable, accounts payable and general ledger records.
• Lead the month-end and year-end accounting close.
• Lead preparation of the Annual Comprehensive Financial Report (ACFR), providing technical guidance and support to related tasks delegated to your team.
• Lead and manage internal and external financial audits.
• Lead the preparation of the indirect cost allocation plan
• Lead the preparation of reporting to the State Controller’s Office and the National Transit Database
• Oversee the Authority’s fuel hedging activities, including reporting to the Board on the results of the program.
• Develop a customer service oriented operating philosophy within the finance department that emphasizes providing accurate, timely and usable financial reports to meet the needs of others throughout the organization.
• Develop and implement fiscal plans and goals.
• Research or direct research and prepare reports on financial records and activities as required by law and ordinance, or as requested by Agency officials and appropriate staff.
• Participate in various cross-functional committees and task forces while representing the viewpoints of Finance and General Accounting.
• Assist in preparing the annual operating budget and develop special revenue fund budgets. Direct and recommend revenue and expenditure projections, and monitor expenditures, revenues, investments, and debt accumulation and payments.
• Provide fiscal information to executive Management, the Agency’s Board, state and federal authorities, news media representatives, independent auditors, and the public. Prepare and deliver concise, professional oral and written presentations.
• Maintain knowledge of current public finance administration, budgeting and auditing practices, office procedures and equipment, pending and existing legislation affecting government finance, applicable ordinances and laws, fiscal forecasting techniques, investment strategy, organization administration, and personnel management.
• Ability to communicate financial terms, policies, and limitations in a way that is solution-oriented and understandable to non-financial professionals.
• The responsibilities outlined above are representative of the role but not exhaustive. Additional duties may be assigned as needed, and reasonable accommodations will be provided to qualified individuals with disabilities in accordance with applicable laws.

MINIMUM REQUIREMENTS TO PERFORM ESSENTIAL JOB FUNCTIONS

Education and Experience

• Bachelor’s degree in Business Administration, Finance, Accounting, or a related field
• Current license as a Certified Public Accounting (CPA) issued by the California Board of Accountancy, or a similar licensing body from another state.
• A minimum of (8) years of progressive work experience in accounting…