Job Summary

Directs the organization's financial planning, accounting, and reporting policies as well as its relationship with lending institutions, shareholders, and the financial community by performing the following duties personally or through subordinate managers. Administratively responsible for management of the organization’s financial strategy to include analysis, budgeting, and treasury. Assumes leadership responsibility for fiscal services to include the administrative functions of accounts receivables, credit & collections, accounts payable, cash flow, grants, and asset management.

Essential Duties & Responsibilities

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

Directs the Comptroller in providing financial strategy to oversee entities, assess financial risks, and maximize efficiencies. Ensures development and implementation of procedures and systems necessary to maintain proper records and afford adequate accounting controls and services.
Participates with leaders in the development and ongoing review of the organization’s mission, strategic plans, budgets, resources allocation, operational plans, and ensures adequate accounting controls and services.
Develops and maintains accounting and financial management systems, approves and manages financial management systems design and enhancement.
Directs, manages, and provides policy guidance and oversight of financial management personnel, activities, and oversees implementation of financial controls and compliance.
Appraises the organization's financial position and issues periodic financial and operating reports.
Monitors the financial execution of the budget in relation to actual expenditure.
Monitors administration of grants management reimbursements and operating reports. Presents financial and budget reports to the Executive Director and Governing Board, as necessary.
Directs and analyzes studies of general economic, business, and financial conditions and their impact on the organization's policies and operations. Represents the Authority in transactions with the trustees, fiscal agents, and others in negotiating bond financing including preparation of supporting financial statements. Determines how much money the Authority should have in demand accounts and invests money to obtain the best return for the Authority.
Implements asset management systems, including systems for cash management, credit management, debt collection, and property and inventory management and control.
Serves as Acting Executive Director as designated.

Required Knowledge, Skills & Abilities

OTHER SKILLS AND ABILITIES: Thorough knowledge of financial management and economic principles, practices, and procedures and their application to the Authority’s financial and economic vulnerabilities.

Considerable knowledge of financial and accounting principles and practices especially as they relate to utility activities, including strategy and execution of the Financial Planning & Analysis & risk framework, knowledge of regulatory reporting and compliance at the federal, state, and local levels.

Knowledge of the principles of supervision and modern business administration.

Ability to apply research methods and techniques to complex problems of public finance.

Ability to plan, outline, and review the work of professional and administrative personnel engaged in financial and administrative activities.

Ability to present problems or results of studies and investigations effectively in written, oral, or graphic form.

Ability to supervise and evaluate the activities of professional and technical problems.

PHYSICAL DEMANDS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to stand; walk; sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; and talk or hear. The employee must occasionally lift and/or move up to 50 pounds.

Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

Education & Experience

EDUCATION AND EXPERIENCE: Graduation from an accredited college or university with a Master’s Degree in business administration, finance, or accounting preferred. Eight to ten years of progressively responsible experience in finance and accounting, five of which must have involved utility finance and accounting, of which three years must have been in a responsible administrative capacity. Ideally a Certified Public Accountant (CPA) or a Certified Internal Auditor (CIA); preferably a CPA.

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The Virgin Islands Water & Power Authority

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