National Association of State Retirement Administrators

Position Information

Chief Financial Officer
About the D.C. Retirement Board:  The District of Columbia Retirement Board (DCRB) is an independent agency of the District of Columbia Government.  Our mission is to manage and control the assets of the D.C. Police Officers' and Firefighters' Retirement Fund and the D.C. Teachers' Retirement Fund as well as to administer benefits for the members of the of the D.C. Police Officers' and Firefighters' Retirement Plan and the D.C. Teachers' Retirement Plan.

Position Summary:
Responsible for the supervision and oversight of the Agency's financial activities. Works closely with the Executive Director to set the tone for management and staff to foster ethical and responsible decision-making, professional and appropriate management, and best-in-class financial governance practices. Responsible for financial reporting, developing the financial plans, and identifying the Agency’s financial liability.
  • Provides operational oversight and direction with regard to financial management and procurement in accordance with the established goals, objectives and policies of the Agency. Manages all accounting transactions that can affect the assets of the plan including, but not limited to, the reconciliation between the U.S. Department of the Treasury and DCRB regarding benefit payments and liabilities.
  • Provides the financial leadership necessary to maintain the Agency’s accounting records and financial statements in accordance with accounting principles generally accepted in the United States of America. Stays current on FASB, GASB and regulatory issues and requirements to ensure that the DCRB adheres to all relevant accounting requirements. Coordinates with the Agency’s auditors to produce audited financial statements on a timely basis.
  • Serves as the Agency’s Budget Officer and coordinates the preparation and implementation of the DCRB’s annual budget.
  • Forecasts he Agency’s cash flows and coordinates with the Chief Investment Officer to manage the liquidity and availability of cash for operational needs.
  • Coordinates the financial systems with the technology requirements and infrastructure of the Agency. Interface with the U.S. Department of the Treasury and the District of Columbia government on Human Resource Information Systems (HRIS) system to ensure compatibility of software and compliance with security protocols. Provides process and systems support where needed.
  • Functions as the liaison with the DCRB’s actuary to determine the appropriate contributions to the plans are made by the District government; to identify emerging trends in Fund costs and to ensure the disclosures in the actuarial valuations are compliant with GASB requirements.
Functional Competencies:
  • Strong knowledge of GAAP (FASB and GASB) and the accounting regulatory environment.
  • Knowledge of computerized information systems used in financial operations and able to learn new systems rapidly.
  • Skilled in examining operations and procedures, formulating policy, and developing and implementing new strategies and procedures.
  • Ability to analyze and interpret financial data and prepare financial reports in accordance with DCRB, and industry standards.
  • Ability to evaluate and implement sound financial and operational internal controls.

DCRB is an Equal Opportunity Employer.  In compliance with the Americans with Disabilities Act, the employer will provide reasonable accommodations to qualified individuals with disabilities and encourage both prospective employees and incumbents to discuss potential accommodations with the employer.

The job description describes the general nature and level of work being performed by the individual(s) assigned to this position. It is not intended to be an exhaustive list of all tasks, duties, responsibilities, and skills required. Management reserves the right to modify, add, or remove duties and to assign other duties as necessary. In addition, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position

Position: Chief Financial Officer
Organization: DC Retirement Board
Location: Washington,  DC 
United States
Salary: Entire Range: $131,235 to $235,214
Posting Start Date: 4/23/2020
Date Posted: 1/15/2021
Requirements Required Education & Professional Certifications:
  • Bachelor's degree in Accounting, Business Administration or related field.
  •  CPA certification (or equivalent) or MBA required.
Job Experience (Years & Type):
  • Five years of public accounting experience.
  • Ten years of experience with the responsibility for accounting and budgeting with experience interacting with multiple governmental agencies.  Public pension plan experience preferred.
  • Experienced in the oversight of major systems development and implementation. 
NOTICE OF RESIDENCY:  If the position you are applying for is in the Career, Management Supervisory, or Educational Service, and you are selected for this position at an annual salary of one hundred fifty thousand dollars ($150,000) or more, you must establish residency in the District of Columbia within one hundred eighty (180) days of effective date of the appointment and continue to maintain residency within the District of Columbia throughout the duration of the appointment.  Failure to meet residency will result in forfeiture of position.
Status: This listing expires on: 3/16/2021
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Organization Information
DC Retirement Board
900 7th Street NW
2nd FLR
Washington,  DC 20001
United States
(202) 343-3200
(202) 343-3302
HR Director