The Department of Administration, Division of Retirement and Benefits is seeking a unique individual to fill the
CHIEF FINANCIAL OFFICER
position in Juneau, Alaska.
Under the direction of the Division Director, this position will independently manage and be responsible for the following key responsibilities related to fiscal and plan operations for the Statewide pension and health care systems.
- Supervise two Accountant V's, and lead a staff of accountants and accounting support staff;
- Implement and maintain policies and procedures governing the accounting for all pension systems and health care plans administered by the Division. Maintain such accounting in accordance with Generally Accepted Accounting Principles and the requirements of Alaska Statutes and Administrative Code, federal law including the Internal Revenue Code, Governmental Accounting Standards Board (GASB) statements, and various industry standards that apply to government retirement systems and health care plans;
- Confirm that financial data is collected, maintained and used in a manner ensuring accurate and complete financial reporting and benefit calculations;
- Ensure employer payroll data input and processed by the Division computer systems is accurate and complete;
- Ensure adequate communications are taking place between staff and participating plan employers concerning contribution rates, payroll data being processed, and general financial information related to the plans in which the employer participates;
- Produce annual financial statements for activities related to all the retirement and health care plans. Produce information related to each of these plans for inclusion in the State Comprehensive Annual Financial Report (State CAFR). Produce a CAFR for the two retirement systems consisting of both a defined benefit and a hybrid defined contribution plan. In addition, provide information related to a pay-as-you-go defined benefit plan for inclusion in the State CAFR;
- Manage a contract with external financial statement auditors to ensure annual financial statements are audited in a timely manner;
- Manage a contract with actuaries to ensure actuarial valuations for the retirement plans are prepared on schedule. Ensure information transmitted to the actuary from the Division's computer systems is accurate and complete. Ensure the actuary is using the data appropriately and review actuarial assumptions for reasonableness;
- Complete fiscal notes for proposed legislation and testify before legislative committees as needed;
- Be an active part of the Division leadership team to examine current practices for improvement, ensure compliance with legal requirements and communicate activities that may impact other sections of the Division;
- Prepare and present material to the Alaska Retirement Management Board (ARMB) as well as the ARMB Audit Committee related to pension and health care plans.
DESIRED KNOWLEDGE, SKILLS AND ABILITIES:
•Advanced knowledge of accounting and auditing techniques;
•Working knowledge of Generally Accepted Accounting Principles and the requirements of Alaska Statutes and Administrative Code, federal law including the Internal Revenue Code, Governmental Accounting Standards Board (GASB) statements, and various industry standards that apply to government retirement systems and health care plans;
•Experience working with actuaries and analyzing actuarial assumptions;
•Experience handling sensitive or confidential documents and information;
•Excellent written and oral communications skills, including public speaking;
•Excellent editing and proofreading skills;
•Strong management and organizational skills;
•Effective interpersonal and problem-solving skills;
•Ability to self-motivate, work independently and meet established deadlines;
•Ability to effectively oversee a staff of 28-30 professional and paraprofessional positions;
•Ability to effectively supervise and motivate two Accountant V positions who in turn supervise the Accounting and Payroll units within the DRB Finance Section.
This position directs the daily administration and financial management of the Division of Retirement and Benefits Finance Section's accounting, employer payroll processing and retiree payroll units, in addition to coordinating the annual audits of all funds, analysis of existing and proposed legislation and representing the division at the Alaska Retirement Management Board meetings. This position is responsible for ensuring compliance with Internal Revenue Code, state and federal laws as well as with professional accounting and financial reporting standards.
View Class Specifications for this job:
A bachelor's degree in accounting, finance, business administration, or public administration;
Eight years of progressively responsible professional accounting experience of which at least two years were at a senior leadership/management/program administration level.
Registration as a Certified Public Accountant is desired, but not required.