TWDB CFOtoGo Administrator Financial Examiner III

Job Description

Only applicants who apply with a State of Texas application via the CAPPS online application system will be considered for this position. First time applicants will need to create an account
in the CAPPS online application system at
and view our job opportunities page at  for more information.

Leading the state’s efforts in ensuring a secure water future for Texas.

Texas Water Development Board’s offers competitive compensation and benefits package including medical, dental, vision, 401(k), flexible spending, and flexible work alternatives so you can have a work/life balance! For more information about these benefits visit http://(Use the "Apply for this Job" box below)..asp
.

Texas Water Development Board does not discriminate on basis of race, color, national origin, sex, religion, sexual orientation, age, or disability in employment or provision of services, programs, or activities.

Must meet agency in-office requirements

Salary commensurate with experience and qualifications

Performs moderately complex (journey-level) financial examination and consultative services. Work involves overseeing the Chief Financial Officer (CFO) to Go program. The position includes reviewing and evaluating consultative services and technical assistance provided by certified public accounting firms engaged in the program. Work also involves financial examination, analysis and compliance monitoring work, including reviews of financial audits, single audits, and final accountings.

May train others. Works under general supervision, with limited latitude for the use of initiative and independent judgment. Reports to the Director of Financial Compliance Division.

• Oversees CPA firms' auditing records to verify assets, liabilities, trends, and transactions for solvency and compliance.
• Assists with soliciting and evaluating bids, selects vendors, prepares work orders, and manages program budget.
• Develops and maintains an inventory of entities that are potentially eligible to participate in CFO-to-Go program.
• Makes recommendations to agency leadership regarding candidates for the program.
• Communicates program objectives and benefits to potential participants.
• Oversees the development of action plans to complete program assessment.
• Coordinates the work of contracted certified public accounting firms to conduct financial examinations of organizations.
• Communicates observations, recommendations, and proposed remediation strategies to program participants and agency leadership.
• Identifies areas of progress, improvement, or concern, makes recommendations, and assists in resolving problems.
• Reviews reports of financial examinations by entities participating in the CFO-to-Go program.
• Speaks to TWDB groups, management, and professional groups to coordinate, improve, and stimulate interest in the program.
• Secures support for the CFO-to-Go program.
• Consults with borrowers in the TWDB portfolio involved in the CFO-to-Go program to resolve problems, identify training needs, and discuss program effectiveness.
• Develops CFO-to-Go program policies, procedures, standards, manuals, and planning program activities in accordance with program objective and goals.
• Conducts financial examinations, analysis, compliance monitoring, and related data research and reporting.
• Conducts financial compliance and stability reviews of TWDB bondholder municipalities to identify material noncompliance or default risk.
• Evaluates noncompliance and default risk, implementing corrective actions and strategies for intervention and monitoring.
• Examines borrowers’ records, transactions, assets, and liabilities.
• Analyzes financial trends to assess financial condition.
• Reviews borrowers' ordinances, bond covenants, loan agreements, and grant contracts to determine compliance with TWDB requirements.
• Plans and coordinates remediation efforts of troubled organizations and determines regulatory compliance relative to business operations.
• Prepares and submits reports of financial examinations that include evaluations, templates
• Co-ordinates with other divisions within the agency.
• Co-ordinates CPA firm…