Chief Financial Officer
ABOUT THE DISTRICT OF COLUMBIA RETIREMENT BOARD
The District of Columbia Retirement Board 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 Plan and the D.C. Teachers' Retirement Plans as well as to administer benefits for the members of the plans.
Responsible for the supervision and oversight of the Agency's financial activities, Finance department functions, procurement, and Finance staff. 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.
ESSENTIAL DUTIES AND RESPONSIBILITIES (Duties that occupy a major portion of time and importance in the job)
- Provides operational oversight and direction regarding financial management, 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 DCRB adheres to all relevant accounting requirements.
- Coordinates with the Agency’s auditors to produce audited financial statements on a timely basis.
- Leads budget team in preparing and reviewing DCRB’s Operating Budget for review and approval by Executive Director and the Board of Trustees.
- Forecasts the 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.
- Interfaces with the U.S. Department of the Treasury and the District of Columbia government on Human Resource Information Systems (HRIS), 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 that the appropriate contributions to the plans are made by the District government; identify emerging trends in Fund costs; and ensure that the disclosures in the actuarial valuations are compliant with GASB requirements.
- Oversees the preparation and delivery of the Agency’s Annual Comprehensive Financial Report.
- Serves as advisor to the Executive Director, senior management, and Audit Committee of the Board on financial matters, policies, and processes.
- Directs Finance department staff in all matters of finance and accounting including financial reporting, internal financial control, regulations, and administrative procedures.
- Oversees DCRB’s procurement function, and ensures adherence to procurement rules, policies, and procedures; works with department heads to ensure appropriate acquisition-planning pursuant to annual budget allocations.
- Ensures compliance with all applicable laws and recognized standards, as they pertain to all financial, accounting, budget, and procurement matters of DCRB.
- Works with the Director of Finance to formulate, prepare, and administer the DCRB Operating Budget.
- Reviews Finance staff’s recommendations on various projects, and participates with management in implementation of projects and processes.
- Develops the assumptions, procedures, and formats for preparing budget requests.
- Supports the Executive Director in the passage of the DCRB budget through the District Council.
- Maintains liaison with District central agencies and the U.S. Treasury on matters with substantial fiscal impact on DCRB.
- Maintains liaison with the District central agencies on budgetary and related fiscal policy matters.
- Supervises direct-reporting staff, including selecting or recommending training; providing assignments; providing coaching; and providing annual performance evaluations.
This 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.
- 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.
- Procurement Process and Policy implementation.
- Normal office environment
DCRB Grade 12
EQUAL EMPLOYMENT OPPORTUNITY
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.
Chief Financial Officer
||DC Retirement Board
||Washington, DC, DC
||ENTIRE RANGE: $160,995--$249,605 DOQ (Grade 12)
|Posting Start Date:
||REQUIRED EDUCATION & PROFESSIONAL CERTIFICATIONS
JOB EXPERIENCE (YEARS & TYPE)
- Bachelor’s degree in Accounting, Finance, Business Administration or related field.
- CPA certification (or equivalent) and/or MBA, MS or MA in Finance and Accounting/Management required.
- Ten (10) years or more of public accounting/controls/budget management experience.
- Ten (10) or more years of progressive experience in financial management or leadership, with the responsibility for accounting and budgeting, and with experience interacting with multiple governmental agencies.
- Public pension plan experience preferred.
- Experienced in the oversight of major systems-development and implementation.
If the position you are applying for is in the Career, Management Supervisory, or Educational Service 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 the effective date of the appointment and continue to maintain residency within the District of Columbia throughout the duration of the appointment.
||This listing expires on: 1/7/2024