Under general direction of the General Manager, plan, organize, direct and supervise the efficient operation of the Finance Department activities. These duties include, but not limited to, oversight of Finance and Accounting functions for the District, administer the fiduciary responsibilities for the District’s funds and assets; review and produce financial reports; investment analyses; capital financing; debt management; financial planning and budget development; water rate setting and analysis; fixed asset management; and oversight of contracts administration. Prepare financial guidelines and coordination with all of the District’s departments. The successful candidate will also provide ongoing direction and work with staff to ensure a high performing, customer service-oriented work environment that achieves the District's mission, strategic plan and objectives.
Examples of Essential Job Functions and Responsibilities
The duties listed below are not intended to be all inclusive but rather serves as illustrations.
Organize the structure and processes of the Finance Department, adjusting it in accordance with workloads and new and changing functions.
Prepare fair and equitable wholesale potable and replenishment water, and recycled water rates for Central Basin Municipal Water District to its diverse retail and wholesale agency customers.
Oversee and participate in the annual review and revision of the District’s structures of water charges; develop strategies and approaches for evaluating rate change alternatives; direct the development and recommend proposed rates; participate in public meetings and rate hearings; oversee the implementation of new rates following Board approval.
Review, analyze and comment on Metropolitan Water District rates and charges.
Provide short and long term financial planning and debt management.
Direct the planning and development of the District annual budget in a transparent process.
Assist in the proposals for grants. Provide financial guidelines for grant implementation and management. Monitor grant financial documentation and submission.
Oversee grants management and revenue reconciliation.
Oversee contracts administration, including but not limited to the preparation of contracts and amendments.
Ensure that monthly financial reports and disclosures are prepared accurately and timely for discussion at monthly Finance Committee and Board meetings.
Act as District Treasurer to the Board of Directors with respect to the financial affairs of the District.
Oversee all Treasury functions, including actively investing the District’s designated funds on a regular basis as directed by the General Manager; propose investment guidelines and alternatives based on market strategies; ensure compliance of investment activities with District policy; evaluate investment performance and strategies for strengthening and improving yield and reducing risk.
Monitor capital markets and work with rating agencies, financial advisor and outside bond counsel in the issuance of bonds; review all bond documents and prepare information required for bond covenants; monitor the interest rate market to remain alert for refunding opportunities; stay abreast of law and regulations governing municipal financing and capital financing strategies.
Present and interpret financial statements and other financial reports and make recommendations to the Board of Directors accordingly.
Oversee the Standby Charge Program and ensure all certifications, public notices and renewals are properly processed.
Oversee daily accounting functions for the District.
Develop direct reports; promote teamwork and high employee morale; prepare performance evaluations of department staff.
Recommend all salary adjustments, promotions and disciplinary action for the department staff.
Advise the General Manager of significant financial, operational and District problems and provide alternative solutions; provide financial information and analysis to management for policy and decision making.
Conduct and direct the activities of financial studies involving capital expenditure budgeting and forecasting, revenue budgeting, cash management and forecasting.
Obtain capital and investment financing as directed by the General Manager.
Ensure compliance with all applicable federal, state, local and contractual laws and statutes affecting accounting, finance and administration reporting.
Oversee and assist in the development, administration, and enforcement of District policies and procedures relating to Finance as approved by the General Manager and the Board of Directors.
Coordinate annual audit and act as primary contact for all independent auditors who report to the Finance and Administration Committee and the Board of Directors.
Prepare annual CAFR presentation.
Review all water and miscellaneous billings and disbursements for accuracy and completeness.
Oversee the fixed asset management functions.
Attend regularly scheduled Board of Directors and Committee meetings, providing input and expertise relative to finance and administration.
Be an effective member of the Senior Staff by seeking to understand and support the work of all District departments.
Provide monthly departmental budget to actual reports and periodic grant reports.
Represent the District at conventions and meetings with customers, other agencies and Metropolitan Water District as assigned.
Oversee the work of financial consultants.
Principles and processes of general, fund and governmental accounting including financial statement preparation and methods of financial control and reporting;
Cost and fixed asset accounting;
Internal control and audit principles, and GAAP, GASB and GFOA accounting standards and requirements;
Municipal government agency operations, public agency budgeting, public agency capital financing;
Research methods and statistical and financial analysis techniques;
Propositions 218 and 26 impact on water rates;
Organization and functions of a public board;
Organizational and management practices as applied to the evaluation of programs, policies and operational needs;
Microsoft products, including Word, Excel, and computerized and financial information systems;
Laws and regulations governing the investment and management of public funds; and
Federal, state and local laws, regulations and court decisions applicable to assigned areas of responsibility.
Develop expertise with regard to Metropolitan Water District of Southern California water rates, fees, charges and policies;
Communicate effectively orally and convey technical financial information to a diverse non-technical audience as well as in writing;
Expeditiously develop a range of options to address key District issues and opportunities;
Implement programs and actions as directed by the General Manager or Board action;
Serve the needs of other District departments while respecting the authority of those served;
Supervise the work of staff including coordinating, monitoring and evaluating work; hiring, training, counseling and disciplining staff; and processing grievances;
Analyze and interpret government accounting rules and regulations;
Develop, implement and administer goals, objectives and procedures for providing effective and efficient finance services;
Foster a team environment; develop and maintain effective working relationships with all levels of staff, the public, contractors, and elected officials;
Exercise sound judgment, professionalism and initiative;
Identify solutions, proposed actions and implement recommendations in support of goals; and
Proficient in MS Office including Word, Excel and PowerPoint.
Education and Experience:
Any combination of education and experience to satisfy the mentioned knowledge, skills and abilities.
A Bachelor’s degree in accounting, finance or a related field is required. CPA, MBA or MPA is preferred.
Minimum of eight years of experience in financial management/supervision with a public agency, overseeing departmental staff, is required preferably in government accounting or water district/utility.
Experience in annual departmental budgeting, annual CAFR preparation, accounting, finance, GASB standards including extensive audits and financial reporting, with at least two years of direct experience with investments and five years in a supervisory capacity is required.
Preferred experience with conversion in financial management software systems.
Licenses and Certificates:
License as a Certified Public Accountant, GFOA or Master’s degree in a related field is preferred.
Maintain a valid California Driver’s License, vehicle, vehicle insurance and an acceptable driving record.
Central Basin Municipal Water District is a public agency that purchases imported water from the Metropolitan Water District of Southern California (MWD). Central Basin wholesales the imported water to cities, mutual water companies, investor-owned utilities and private companies in southeast Los Angeles County. (Imported water is transported through the expansive Colorado River Aqueduct system an...d from Northern California.) Central Basin also supplies water used for groundwater replenishment and provides the region with recycled water for municipal, commercial and industrial use. There are 24 cities in Central Basin’s service area.