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Position Summary: As the top financial professional in the organization, the Chief Financial Officer is responsible for managing all aspects of the Authority’s financial condition, including the management of a multi-million annual budget, while keeping the Administrator informed on all financial activity. This position ensures that the organization is financially sound and that its assets are being used effectively to serve the Authority’s needs and to provide high quality, cost-effective transportation services to the public. This position must have strong working knowledge of operational and capital budgets and be fully responsible for both.
Essential Duties and Responsibilities. Reasonable accommodation may be made to enable individuals with disabilities to perform these essential functions.
Manage all aspects of the Authority’s financial condition: Ensure the organization is financially sound and that assets are used in the most cost-effective manner; monitor cash flow, grants management, revenue sources, and contract to asset management, assure that all policies and practices are applied in a manner that provides protection to NRTA’s assets and liabilities and to ensure compliance with all federal, state, and other regulatory agencies; ensure that all consumers including staff, vendors and contractors have the necessary resources to carry out NRTA’s mission; keep all relevant parties informed as appropriate, including the Administrator, Advisory Board and management team.
Manage budget, financial control, and related reporting: Provide ongoing financial control and reporting; oversee all aspects of the financial wellbeing of the organization; direct the organizations financial goals, objectives and budgets; maintain and uphold fiduciary responsibility via overall fiscal management of the NRTA budget, including planning, modification, reporting and analysis; review and approve purchase or orders and invoices for all operating and capital expenditures; ensure compliance with federal and state regulations; coordinate all year-end reconciliation of the general ledger; prepare special reports required by regulatory authorities; prepare annual and five year operating and capital budgets and appropriate cash flow projections; oversee completion and submittal of grant applications; maintain all fiscal records in a manner compliant with all relevant regulations and established record retention policies and procedures.
Manage annual borrowing: Determine borrowing limits to ensure sufficient cash flow of the Authority between the end of the fiscal year and beginning of another. Compile 24-month cash flow statements and all other documents required by Bond Counsel and IRS to ensure sufficient cash to continue operations for all 12 months of the year, given funding fluctuations.
National Transit Database Reporting: Complete annual National Transit Database report for the Authority. Keep up to date with federal requirements associated with this report.
Municipal Assessment: Prepare Municipal Assessment by October 1st of each year, certify such assessment and submit to the Department of Revenue for invoicing to the Municipality. Be knowledgeable about any significant changes and prepare to meet with the community if questions arise.
Oversee Finance Operations: Manager General Ledger, Accounts Receivable and Accounts Payable functions; serve as plan Administrator for NRTA’s pension plan; oversee financial aspects of all benefit functions including but not limited to health/life/dental and workers compensation administration; oversee all insurance coverage for NRTA and serve as project manager for all insurance purchases, including monitoring insurance liability program and risk management; ensure that the department operates in the most cost efficient manner by monitoring activity and making continuous improvements as needed.
Serve as active member of the senior management team: Work collaboratively on strategic and tactical management planning and development of NRTA’s goals and objectives; and proactively participate in all major decisions affecting the business; provide financial and operational advice; recommendations, and guidance to the Administrator, departments and other relevant parties.
Supervise and coordinate internal and external audits: coordinate efforts with independent auditors and ensure the accurate preparation of audited financial statements; prepare work papers for year-end audit and any additional audits required by regulatory authorities (funding agencies) and outside of state review.
Build and maintain effective working relationships among multiple constituencies: Maintain excellent working relationships with independent auditors, the NRTA Advisory Board Finance Committee members; bank representatives, independent accountants and investment advisors, staff, vendors, consultants, brokers, and contract service providers, among others; act as a liaison to the Advisory Board and its Committees on all financial matters.
Provide general oversight of contracted service providers: Provide general oversight to NRTA’s service providers to ensure the most efficient and effective fiscal management; provide resources and guidance as needed; ensure compliance with NRTA’s internal policies and procedures as well as FTA and other regulatory requirements
Other duties may be assigned by the Administrator
Required Education and/or Experience: Bachelor’s degree in accounting or finance; minimum of 5-8 years related experience and/or training; minimum of five (5) years in high-level role within a finance profession; or equivalent combination of education and experience.
Qualification Requirements:
Demonstrated experience overseeing multi-million dollar budgets, both operational and capital; intimate knowledge of best practices pertaining to Generally Accepted Accounting Principles (GAAP), financial controls, auditing, and reporting; experience with financial reports that summarize and forecast the company’s financial position, including income statements, balance sheets, and analyses of future earnings and expenses; ability to interpret financial statements in multiple formats; working knowledge of Financial Management Software; ability to professionally develop budget narratives and financial statement analyses.
Strong written and verbal communication skills with the ability to clearly convey complicated financial information to a variety of constituencies; excellent presentation skills with the ability to make presentations in large or small groups using a variety of presentation tools. Must be able to articulate information in an accurate and consistent manner.
Computer skills: This position requires excellent computer skills and ability to adapt to department specific software, including web-based applications. Must have high level experience with Excel spreadsheets.
Preferred Qualifications: Master of Business Administration (MBA) degree. Accounting software experience, advanced spreadsheet design; ability to build customized reports from Financial Management software; prior experience in public transit; National Transit Database Reporting; sound knowledge of public transit regulations pertaining to accounting practices; and accounting/finance experience in public transit; demonstrated experience in similar role with public transit, municipal, non-profit or not for profit organizations strongly preferred.
Physical Demands: The physical demands described here are representative of those that must be met by an employee, with or without reasonable accommodation, to successfully perform the essential functions of this job. While performing the duties of this job, the employee is required to sit, talk, and/or hear. The employee is occasionally required to stand, walk, use hands to finger, handle, or feel and reach with arms. Extensive use of computer and keyboard and viewing of computer screen is required. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required of this job include vision, color vision, and ability to adjust focus.
Work environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of the job. Work is essentially performed indoors in an office environment. Frequent contact with the public and meeting deadlines required. The noise level in the work is usually quiet.
Ready to take the next step?
Call: 508-325-9571
Email: Gary Roberts at groberts@nantucket-ma.gov
NRTA: Where your skills are valued and your future is bright!