Director of Finance

Job Description

Responsible for managing, directing, and supervising the accounting and budgeting activities of the Borough including budgeting, capital planning, accounts payable, accounts receivable; general accounting, payroll, taxation, revenue, and receipts. Also responsible for cash management and investment of the central treasury with assets exceeding $35 million. This position has direct supervisory and management responsibility for professional level subordinate supervisors, and administrative responsibilities which include long-range fiscal planning, establishing and directing Borough wide financial related policies and procedures, assuring compliance with federal and state regulatory and granting agencies.

Other significant responsibilities include preparing the Comprehensive Annual Report and implementing all new Governmental Accounting Standards Board (GASB) reporting requirements. Serve as advisor to the Borough Manager on all Borough financial matters.

The Director of Finance serves as an at-will employee at the pleasure of the Borough Manager. The Director of Finance shall have supervision and control over the Finance Department, subject to the paramount authority of the Borough Manager. This is an executive level, exempt position.

• Plan, organize, and direct all department activities. Supervise and evaluate Finance staff. Coordinate all audits performed by external auditors.
• Develop accounting policies, procedures, and control measures to ensure adequate protection of Borough assets. Establish and maintain a system of accounts (fund accounting). Supervise the preparation of monthly financial reports for more than 20 funds, including a statement of revenues and expenditures and a balance sheet statement for each fund. (Funds include governmental, enterprise, general fixed assets, general long-term debt, special revenue, and capital projects)
• Carries out Borough’s fiduciary obligations under AS 29.35.170 to collect property taxes and assess and collect sales and use taxes that are levied within the boundaries of the Borough, subject to AS 29.45. Oversee all tax and revenue collection activities for Borough, including penalties and interest, auditing enforcement, collecting, and receiving all other revenues accruing to the Borough, by virtue of contracts, leases, fees or otherwise.
  
  Act as first level in administrative tax appeal process and interpret tax code.
• Oversee the Borough's centralized treasury. Develop cash flow analysis and update regularly on central treasury to ensure maximum investment of idle monies, with direction from the Borough Investment Committee. Certify monies available for contracts and major purchases and provide tools for directors to ensure that payments do not exceed contracted amount.
• Manage Borough budget preparation. Provide department heads with information required to develop individual department budgets. Oversee preparation of debt payment information, other cost analyses oversee preparation of budget ordinances, amendments, and published documents. Monitor expenditures to ensure compliance with budget.
• Administer debt service accounting functions, including timely bond payments, and Alaska Department of Education and Early Development reimbursements. Work with the Alaska Municipal Bond Bank Authority to analyze bond issues for possible refunding savings. Coordinate and provide all necessary information for new bond issues; and invest and disburse proceeds.
• Oversee preparation of the Borough’s Comprehensive Annual Financial Report, including combining with School District financial information and preparation of approximately 50 financial schedules, 25 disclosure notes, and 30 statistical and supplemental schedules. Ensure compliance with applicable GASB pronouncements.
• Serve as the Borough Risk Manager. Oversee the completion of insurance applications for the Borough and School District; the placement of over $1 million in insurance premiums; and the allocation of premiums to the various departments and funds. Serve as the Administrator for the Borough and School District self-insured health program. Monitor…