Section Director, Financial Reporting and Operational Accounting

Section Director, Financial Reporting and Operational Accounting
Metropolitan Transportation Commission (MTC)
 San Francisco, California
Job Description

Metropolitan Transportation Commission (MTC)
San Francisco, CA

Section Director, Financial Reporting and Operational Accounting
Salary: $207,096.45 - $257,498.59 Annually
Remote Employment: Flexible/Hybrid

THIS POSTING WILL REMAIN OPEN UNTIL A QUALIFIED POOL OF APPLICANTS IS ESTABLISHED
IF YOU ARE INTERESTED, PLEASE APPLY IMMEDIATELY

First review of applications will be on Monday, September 26, 2022

A resume and cover letter are not required with your application, but highly encouraged

Be ready to rethink your assumptions about the public sector. Flexible hours? Flexible work location? A beautiful, well-located, high amenity building for on-site work? Yes, yes, and yes!

The Metropolitan Transportation Commission (MTC) is the federally designated Metropolitan Planning Organization (MPO) and the state designated Regional Transportation Planning Agency (RTPA) for the nine-county San Francisco Bay Area. For more information about MTC, visit www.mtc.ca.gov.

The Section Director, Financial Reporting and Operational Accounting position is under the general direction of the Chief Financial Officer. The incumbent in this position will oversee and manage two Assistant Director positions which are responsible for financial reporting functions and operational accounting. These two positions have management and oversight of financial reporting, capital asset management, internal and external audit/review oversight for MTC and all its affiliated agencies and programs and operational accounting which includes grant and other accounting, full cycle payroll functions, accounts payable, and accounts receivable. This is a senior leadership role within the Agency.

MTC maintains total operating budgets of over a billion dollars, several billions of dollars of capital budgets, and active grant management of over $500 million annually. The Finance staff of MTC has management oversight of the financial operations of MTC, the Bay Area Toll Authority (BATA), the Bay Area Housing Finance Authority (BAHFA), the Bay Area Infrastructure Financing Authority (BAIFA), the Service Authority for Freeways and Expressways (SAFE), 375 Beale Condominium Corporation, and the Bay Area Headquarters Authority (BAHA). The Finance staff also provides services to the Association of Bay Area Governments (ABAG), the ABAG Finance Authority for Nonprofits (FAN), the ABAG Advancing California Finance Authority (ACFA), ABAG Publicly Owned Energy Resources (POWER), and the San Francisco Bay Restoration Authority (SFBRA). MTC Finance staff also works collaboratively with the two vendors that provide FasTrak regional customer service and the Clipper smartcard program.

There are three Section Directors reporting directly to the Chief Financial Officer in connection with the overall management of operations within the Finance division, including (i) Treasury, (ii) Budgets and Financial Planning & Analysis and (iii) Financial Reporting and Operational Accounting. Section Directors work as members of MTC's senior management team to anticipate, identify, initiate, implement, and carry to completion results of planning and analytical processes necessary to the Section's and agency’s successful day-to-day and long-term operations.

The Section Director sets practices, designs programs and operational procedures, analyzes needs and results, evaluates, and implements risk mitigation, assigns duties and responsibilities, mentors and develops section staff by providing performance oversight and clarifying performance expectations, and promotes and develops timely succession planning. The Section Director works in a team environment with other MTC directors and staff; and helps reporting staff engage in MTC's short and long-term goals and objectives. The Section Director, Financial Reporting and Operational Accounting reports to the Chief Financial Officer and reports periodically to the Audit Committee, Commission and other Committees or Boards.

All employees at MTC are classified as Disaster Services Workers.

SKILLS AND ABILITIES

The ideal candidate will have the following knowledge, skills and abilities:

Knowledge of:

  • Generally Accepted Accounting Principles;
  • Governmental Accounting Standards Board (GASB) pronouncements;
  • Financial Accounting Standards Board codification;
  • Principles and best practices of auditing, financial systems, governmental budgeting, federal and state grant rules and regulations;
  • Office of Management and Budget (OMB) Super Circular 2 Code of Federal Regulations (CFR) Part 200;
  • California rules and regulations for Streets and Highways, Public Utilities Code (PUC), revenue and taxation code, and government code;
  • Electronic payment systems and revenue fare collection practices;
  • Payroll operations, employee benefit programs;
  • Public Employee Retirement Law (PERL) regulations; and
  • Best practices for finance team organizational design and employee management.

Skill and Ability to:

  • Lead and motivate staff;
  • Research and analyze financial issues;
  • Seek out new solutions to finance operational issues and develop strategies and policies for ongoing control setting and the implementation of best practices;
  • Stay current on all required rules and regulations and best practices for government agency financial management, reporting and compliance;
  • Implement programs and actions;
  • Prepare detailed and understandable reports for various audiences; make public presentations;
  • Work cooperatively with staff from other agencies, public officials, non-governmental organizations and the public;
  • Plan and manage section work within time and budget limitations including the mentoring and development of reporting staff.

MINIMUM QUALIFICATIONS

  • Education: Completion of a Master's degree from an accredited college or university. (Applicants with a degree issued from an institution outside the United States must have their transcripts evaluated by an academic accrediting service and provide proof of equivalency along with their application.)

Alternatively, a Bachelor's degree with an equivalent combination of education and experience is acceptable.

  • Experience: Minimum of six (6) years of increasingly responsible experience effectively leading and managing a division or department doing related work. Experience should include a minimum of four years senior management experience in agency administration, operations, management or similar position. Managing administrative support services; budget development, analysis and management; business or public administration; presenting to boards, commissions and/or committees, responding to public inquiries and requests, reporting to executive management.
  • License/Certificate: A CPA designation is highly desirable.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Specific duties and responsibilities include, but are not limited to, the following:

  • Lead and direct the operations of the financial reporting, operational accounting, accounts payable, accounts receivable, and payroll functions and teams;
  • Oversee and direct MTC Annual Comprehensive Financial Report, internal and external audits/reviews, GASB implementations, and multiple annual audit processes and requirements, including managing the contracts and relationships with outside audit firms;
  • Lead and implement effective response and reporting for audits and performance evaluations conducted or requested by outside regulatory or oversight bodies, including the Federal Transit Administration and any other State or Federal agencies that work with the Agency or are otherwise associated with the Agency’s operational and funding programs;
  • Oversee the preparation of financial reports for all boards and associated committees, attend governing meetings, develop analyses, and present reports and findings as required and requested; manage the Audit Committee with the Chief Financial Officer;
  • Review, design, maintain, and oversee all internal controls;
  • Review, update, and implement internal processes and procedures to ensure efficiencies and best practices in financial reporting across the organization, including the business operational teams;
  • In coordination with the business operational teams, develop the integration and lead the implementation of new operational programs, projects and revenue sources for any financial reporting and operational accounting requirements;
  • Ensure the effective and ongoing operational support throughout the Agency for financial reporting, payroll and operational accounting;
  • Along with the Section Director, Treasury, the Section Director, Budgets and Financial Planning and Analysis, and other staff as determined by the Chief Financial Officer, participate as a member of the Chief Financial Officer’s senior leadership team, working with the agency’s executives to ensure compliant and effective Finance Department operations.

Apply online: https://www.governmentjobs.com/careers/mtcca/jobs/3705954/section-director-financial-reporting-and-operational-accounting

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