OFFICER, BUDGET & FINANCIAL PERFORMANCE
Under general direction of the CFO/Manager, Finance Department, develops and implements the district’s strategic planning, budget, settlement, revenue adequacy, cost of service, rate design and economic analysis; develops and implements policies; provides legislative and regulatory impact analysis of district operations which impact the financial condition of the district; evaluates and develops department policy; and performs related work as assigned.
The incumbent provides advice and contacts are frequent and extensive, most frequently with top management personnel or their representatives and maintains liaison with district departments and other committees utilizing district funds. The incumbent is required to participate in Board of Directors or related meetings.
ESSENTIAL DUTIES AND RESPONSBILITIES
The examples of essential functions listed below are representative but not necessarily exhaustive or descriptive and incumbent may be assigned other related functions not listed herein if such functions are a logical assignment for the position.
1. Assists the CFO on district-wide budget and financial planning efforts to develop, recommend and implement strategic goals and objectives and necessary policies and programs for the CFO approval; directs the district’s department’s annual budget process; directs financial, operational and organizational performance statements; and recommends corrective actions.
2. Develops and administers department organization and operation goals and objectives; establishes measures of accountability to evaluate progress towards goals and objectives; and directs the development and administration of district financial performance goals and objectives.
3. Develops and establishes policies and procedures regarding managerial accounting, budgetary and financial operations including the review of rules, regulations, and standard operating procedures on a regular basis to provide the best feasible service.
4. Directs the administration, development and reporting of managerial accounting, budgetary operations and reporting requirements for the district; advises CFO and department managers on the development of sound budgetary policies and long-range budget planning; designs and implements budgetary system improvements to meet changing fiscal and management information reporting requirements.
5. Stays current with industry trends, technical advancements in the financial operations, regulatory changes, adherence to industry of company design, standards and changes to the utility or regulations; directs the training of departmental staff in budgetary methodology and techniques.
6. Develops, conducts, recommends and implements cost of service studies, rate strategies and designs that recover district revenue requirements and supports the objectives of customer programs; justifies and supports establishing customer rate strategies and relevant programs for achieving district revenue and competitiveness goals.
7. Represent the district in detailed analysis and negotiations of specialized contracts with key customer and facilitates a successful strategy by supporting the equitable recovery of all services and determines the level of flexibility within each specialized contract.
8. Assist the CFO to oversee the monitoring and review of revenues, expenses and fund balances to assure conformance with budget and department policy; recommend amendments to department budgets; evaluates budget proposals and legal parameters from all departments, estimate future demands, compare data and determine availability of funds.
9. Conducts and oversees the economic analysis, studies and setting of district activity and overhead rates and budget operations; prepares surveys pertaining to budget activities; and prepares complex budget and financial reports.
10. Represents the department in meetings and in budget related matters as wells as appears before the board of directors, executive management, rating agencies and committees as requested; serves as an information source and provides necessary and relevant input to the district's overall fiscal management program.
11. Manages the managerial accounting, and rate making processes for negotiations of major financial transactions; advises internal and external legal counsel regarding financial aspects of negotiations and directs counsel regarding requisite contract language.
12. Assists in developing long-term financial, capital plans and cost projections for budgetary and funding; responsible for monitoring monthly, quarterly and annual operating and capital budgets to assure section operating costs are within budget; implements cost control measures and reviews budget on a periodic basis.
13. Participates or assists in the selection of employees in conformance with district policy and procedure.
14. Evaluates employee job performance and recommends personnel actions such as promotions, merit increases and disciplinary actions.
MARGINAL DUTIES AND RESPONSIBILTIIES
1. Participates in a variety of special projects and compiles a variety of special reports.
2. Perform other duties or special assignments as required.
Directly supervises employees and carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include interviewing, hiring and training employees; planning, assigning and directing work; appraising performance; rewarding and disciplining employees; provide regular performance feedback; and develops subordinates’ skills and encourages growth; addressing complaints and resolving problems.
Bachelor’s degree in accounting, finance, business, public administration, or related field and;
Seven years of extensive and progressively responsible experience in the management of a public utility operational and capital budgets, information system and operational analysis including planning, organizing, directing, auditing and controlling budget and financial performance functions.
A valid California driver’s license, issued by the State of California, Department of Motor Vehicles is required.
Certified Public Accountant (CPA) desired.
KNOWLEDGE, SKILLS AND ABILITIES
Budgeting, accounting, and financial record keeping and reporting principles and procedures and their application to a wide variety of tasks and problems; operational characteristics, services, and activities of governmental budget, debt administration, and accounting programs; relevant federal, state, and local laws, codes, and regulations in the area of municipal finance; tax and accounting procedures; applications of accounting and financial analysis software for budget, debt administration, and accounting applications; principles and practices of organizations, administration and personnel management; management and research techniques and procedures and methods of report presentation; principles and practices of organization, personnel and financial management; modern accounting methods and procedures; accounting and auditing theory, principles and practices and their application to a variety of financial transactions and problems with in a power utility; computer operations; principles of supervision, training and performance evaluation; regulations concerning accounting and financial management information systems; financial management system analysis; organization and functions of federal, state and local governments as related to the operations.
Plan, organize, supervise and review administrative, financial, budgeting, debt administration, and accounting related activities; communicate clearly and concisely, orally and in writing; analyze a variety of administrative problems and develop effective solutions; prepare complex and/or review reports and documents including budgets and bond official statements; understand and interpret laws, rules, and regulations; select, supervise, train and evaluate subordinate professional, technical and clerical staff; develop and administer departmental goals, objectives and procedures; analyze and assess programs, policies and operational needs and make appropriate adjustments; identify and resolve problems in a timely manner and gather and analyze information skillfully; plan, organize, direct, and coordinate the work of staff; delegate authority and responsibility; speak clearly and persuasively in positive or negative situations; demonstrate group presentation skills and conduct meetings; improve and promote quality and accuracy and thoroughness; to make timely decisions, exhibit sound and accurate judgment; prioritize and plan work activities, use time efficiently and develop realistic action plans; prepare and administer large and complex budgets; interpret and apply applicable federal, state, and local policies, laws and regulations; actively promote and personally observes safety and security procedure and use equipment and materials properly; be prompt and regular in attendance.
Tools and Equipment Used
General office equipment, computer, fax machine, copy machine, telephone, calculator and vehicle.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee frequently works in a well-lighted office environment with climatically controlled temperatures; the employee is occasionally exposed to outside weather conditions.
The noise level in this work environment is usually quiet.
The physical demands described here are representative of those that be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is frequently required to sit, hear and talk; use hands to finger, grip, handle, or feel objects, tools, or controls; reach upward, downward and forward with hands and arms; the employee is occasionally required to walk and stand on carpeted surfaces; required to push/pull; twist/turn, climb, stoop and bend.
The employee must occasionally lift and/or move up to 25 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.
Degree of Physical Effort – 2)
An employee in this category will be exposed to physical demands requiring strength, coordinating and dexterity only on occasion.