What are the responsibilities and job description for the Director of Finance, Accounting and Administration position at PUD No. 1 of Okanogan County?
JOB
This position is part of the senior management team and is jointly responsible for providing safe, reliable and cost-effective electric and broadband service to customers. Under the supervision of the General Manager, the Director of Finance, Accounting and Administration exercises independent judgement and discretion in the leadership of all aspects of the Finance and Accounting Department. This position is responsible for ensuring the financial stability of the District and oversees and directs the financial planning and accounting practices.
EXAMPLE OF DUTIES
Integral part of the district’s management staff that provides oversight and direction for the district as a whole.Perform general management and supervisory duties including directing activities of personnel, providing guidance, resolving conflicts/ grievances, conducting performance evaluations, employment decisions, training needs, etc.Ensure compliance with district policies and procedures as well as statutory RCW compliance. Work with compliance enforcement agencies such as the state auditor’s office and other external auditors to ensure accuracy and compliance with Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB).Obtain funding necessary to fund the district’s capital program by issuing debt such as revenue bonds. Ensure compliance with all debt financing obligations and work with rating agencies to maintain the district’s bond rating.Review monthly power transactions, including retail sales, wholesale sales and purchases. Request billings or payments through accounting department.Coordinate the annual review and updating of the General Transfer Agreement with Bonneville Power Administration.Oversee and approve payroll processing, as well as quarterly and annual payroll tax reports.Oversee and approve accounts payable processing, as well as quarterly and annual tax reports.Attend meetings of the board of commissioners and make regular financial presentations. Provide additional financial information or analysis that may be needed to assist the board and management in making sound business decisions.Ensure accuracy of all internal and external financial reporting that is prepared and distributed by the district.Develop, plan, implement, oversee, and monitor all aspects of the district’s budget system and reporting, including the processing of the monthly budget comparison. Preparation of the annual budget requires coordination with all departments of the district.Ensure rates are adequate to cover the costs of running the utility. This would include organizing and oversight of periodic cost of service studies.Continually monitor the financial health of the district. Recommend appropriate financial policies and parameters such as debt service coverage ratio, minimum working capital levels, and other target ratios.Maintain good working relationships with district employees, the district’s commercial and investment bankers, bondholders, bond counsel, bond rating agencies, insurance brokers, and peers in the PUD financial community.Advise management about insurance coverage for protection against losses and potential liabilities.Participate in management interactions with the union and act as Trustee for District deferred compensation plans.Attend/participate in community activities, industry activities and conferences, and training related to department activities.Position may serve as auditor or treasurer as appointed by the board of commissioners.Perform other duties as assigned.
SUPPLEMENTAL INFORMATION
Working Conditions: Work is performed in a general office environment.Physical Requirements: Most working time is sedentary in nature or standing/walking primarily in a controlled office environment. Occasional trips to other District work sites and other locations for project work, meetings, training, etc.Frequent use of a computer and exposure to terminal screens.Frequent repetitive hand/wrist motions and finger manipulation.Frequently handle material of moderate weight, up to 15 pounds and occasionally 25 pounds.There is occasional exposure to hazards or risk of injury that are primarily protected against or predictable.Typically requires use of one or more senses of medium intensity and long duration.Under regular pressure to meet deadlines, perform tasks with a high degree of accuracy, process a large volume of work and resolve issues related to business needs of the District.
This position is part of the senior management team and is jointly responsible for providing safe, reliable and cost-effective electric and broadband service to customers. Under the supervision of the General Manager, the Director of Finance, Accounting and Administration exercises independent judgement and discretion in the leadership of all aspects of the Finance and Accounting Department. This position is responsible for ensuring the financial stability of the District and oversees and directs the financial planning and accounting practices.
EXAMPLE OF DUTIES
Integral part of the district’s management staff that provides oversight and direction for the district as a whole.Perform general management and supervisory duties including directing activities of personnel, providing guidance, resolving conflicts/ grievances, conducting performance evaluations, employment decisions, training needs, etc.Ensure compliance with district policies and procedures as well as statutory RCW compliance. Work with compliance enforcement agencies such as the state auditor’s office and other external auditors to ensure accuracy and compliance with Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB).Obtain funding necessary to fund the district’s capital program by issuing debt such as revenue bonds. Ensure compliance with all debt financing obligations and work with rating agencies to maintain the district’s bond rating.Review monthly power transactions, including retail sales, wholesale sales and purchases. Request billings or payments through accounting department.Coordinate the annual review and updating of the General Transfer Agreement with Bonneville Power Administration.Oversee and approve payroll processing, as well as quarterly and annual payroll tax reports.Oversee and approve accounts payable processing, as well as quarterly and annual tax reports.Attend meetings of the board of commissioners and make regular financial presentations. Provide additional financial information or analysis that may be needed to assist the board and management in making sound business decisions.Ensure accuracy of all internal and external financial reporting that is prepared and distributed by the district.Develop, plan, implement, oversee, and monitor all aspects of the district’s budget system and reporting, including the processing of the monthly budget comparison. Preparation of the annual budget requires coordination with all departments of the district.Ensure rates are adequate to cover the costs of running the utility. This would include organizing and oversight of periodic cost of service studies.Continually monitor the financial health of the district. Recommend appropriate financial policies and parameters such as debt service coverage ratio, minimum working capital levels, and other target ratios.Maintain good working relationships with district employees, the district’s commercial and investment bankers, bondholders, bond counsel, bond rating agencies, insurance brokers, and peers in the PUD financial community.Advise management about insurance coverage for protection against losses and potential liabilities.Participate in management interactions with the union and act as Trustee for District deferred compensation plans.Attend/participate in community activities, industry activities and conferences, and training related to department activities.Position may serve as auditor or treasurer as appointed by the board of commissioners.Perform other duties as assigned.
SUPPLEMENTAL INFORMATION
Working Conditions: Work is performed in a general office environment.Physical Requirements: Most working time is sedentary in nature or standing/walking primarily in a controlled office environment. Occasional trips to other District work sites and other locations for project work, meetings, training, etc.Frequent use of a computer and exposure to terminal screens.Frequent repetitive hand/wrist motions and finger manipulation.Frequently handle material of moderate weight, up to 15 pounds and occasionally 25 pounds.There is occasional exposure to hazards or risk of injury that are primarily protected against or predictable.Typically requires use of one or more senses of medium intensity and long duration.Under regular pressure to meet deadlines, perform tasks with a high degree of accuracy, process a large volume of work and resolve issues related to business needs of the District.