Fort Worth Employees' Retirement Fund (FWERF)
Chief Financial Officer
Fort Worth Employees' Retirement Fund (FWERF), Fort Worth, Texas, United States, 76102
The CFO plans, manages and directs all financial and accounting activities of the Fort Worth Employees’ Retirement Fund (“Fund”); establishes compliant and efficient processes to ensure timely and accurate accounting practices and internal controls; provides professional assistance and guidance in developing fiscal policies; directs and coordinates systems development; directs and coordinates the preparation of financial statements, accounting, tax and other financial reports, including the Annual Comprehensive Financial Report; facilitates annual financial statement audits; reviews investment manager and custodial reports; monitors cash position, asset allocation and departmental expenditures; is responsible for accounts payable, staff payroll, tax compliance, and GASB and GAAP compliance; develops long-term strategic planning to meet strategic objectives; and serves as a member of the Fund’s senior management team.
The CFO has primary responsibility for managing the Fund’s external information technology (IT) providers and ensuring that staff’s technology needs are properly met. The CFO also manages the Fund’s property manager to ensure that the facilities are well-maintained, leased and operational.
This is a supervisory position and, as such, is responsible for the leadership, guidance and development of the employees reporting to the incumbent.
ESSENTIAL DUTIES / RESPONSIBILITIES :
Accounting : Manage all aspects of the Fund’s financial activities, including preparation and maintenance of financial and accounting records and reports, and financial and accounting systems, including the Fund’s general ledger, chart of accounts, development of reports and annual financial calendar. Facilitate and coordinate annual financial audit(s) with external auditor, including the planning and coordination of field work and serving as internal liaison with Board and internal staff on audit compliance. Direct and provide guidance in the processing of general accounting transactions, monthly retiree payroll, accounts receivable/payable, revenue and expenditures, investment reconciliations and cash control. Ensure accurate and timely recording of retiree, disability, and survivor benefit expenses. Conduct internal review of the accounting operations to verify accuracy of records and data; compliance of operations with prescribed plans, policies and procedures; and accurate accountability for physical and financial assets. Reviews and creates effective internal financial controls over financial information. Develop and implement financial policies; develop short and long-term goals and objectives; ensure that established goals and objectives are achieved; adapt procedures as needed for efficiency and compliance. Communicate accounting data through monthly and annual financial statements to members, the city, auditors, and governing bodies by means of financial statements and reports. Prepare the Annual Comprehensive Financial Report (ACFR), Annual State Controller’s Report, Federal and State Tax Reports, and other financial reports as required. Also responsible for the annual issuance of 1099-R forms. Review IT-generated data to be used by the Fund’s actuary to prepare valuations and experience investigations. Provide additional analysis of data and communications through the use of the custodian’s electronic delivery systems. Prepare and monitor the Fund’s annual administrative budget; monitor and approve expenditures for services and supplies; propose budget adjustments as necessary; work with executives on budget tracking and accountability. Monitor and project internal cash flows to ensure that funds are available to meet all expenditure requirements and that the asset allocation plan is properly maintained; work with Chief Investment Officer (CIO) on liquidity issues. Ensure compliance with all approved investment-related policies and guidelines; collaborate with the CIO, investment consultants and investment managers. Monitor industry trends and legislative and tax changes and their impact on financial decisions and processes; modify organizational procedures, documents and reports in response, and educate Fund staff on new requirements. Ensures federal tax reporting compliance. Identify pension system requirements with respect to financial operations, working with IT staff to address and modify system-generated reports. Attend professional meetings as necessary to stay current on pension fund financial, accounting and investment issues; network with colleagues in other pension systems to share knowledge and apply best practices to the Fund. Supervise accounting personnel, coordinate project workflows, and train personnel in their respective positions. Operations : Manage the Fund’s technology resources and technology staff, including computers, printers, security, telephone system and other systems; serve as the primary contact for the Fund’s outside IT and website providers. Interface with the Fund’s property manager on building-related issues, including budget, leasing, maintenance and day-to-day problems encountered by the Fund or its tenants. Responsible for vendor contracts administration and vendor management. Prepare, review, negotiate and manage the setup, maintenance, renewal and approval of all contracts, including suppliers and services, while remaining compliant with state policies and legal requirements. Advise and interpret contract requirements, obligations and risks with the assistance of legal counsel. Manage all the procurement needs of the Fund. Maintain and schedule records retention and destruction. OTHER DUTIES / RESPONSIBILITIES :
Perform the duties of accounting staff in their absence, if necessary. Perform back-up duties for the Executive Director, if necessary. Coordinate with the Benefits Manager and Chief Investment Officer to complete projects, as assigned. Perform other duties and responsibilities, as assigned. JOB QUALIFICATIONS :
Knowledge, Skills, and Abilities : Knowledge of principles and practices of financial management and control mechanisms; organizational development; principles of Generally Accepted Accounting Principles (GAAP) and Government Accounting Standard Board (GASB) principles and changes; financial and operational auditing standards and techniques; preparation of financial statements, notes and supplementary schedules; preparation of bank and securities reconciliations; preparation of Federal and State tax reports; actuarial principles and concepts; investment products, services and guidelines; budget preparation and monitoring. Must have ability to effectively manage and supervise financial operations; manage, coordinate, supervise and evaluate budgets and other financial activities; prepare complex financial reports; analyze and interpret applicable Federal and State laws, codes and regulations; supervise and train assigned staff; express ideas effectively in oral and written form; present financial items to the Audit & Budget Committee and the Board of Trustees, responding to questions and direction in public meetings; develop and maintain positive working relationships with trustees, consultants, investment managers, plan participants and other stakeholders; and analyze and interpret private equity and private credit investment documents. Must be a team player and able to establish effective working relationships with other staff, management, the Board of Trustees and outside service providers, and must also have the ability to encourage similar behavior in subordinates. Must be able to make rational, thoughtful, and often difficult decisions on a timely basis. Education, Formal Training, or Experience : Extensive education and experience which has led to the acquisition of the required knowledge, skills and abilities. An example of qualifying education and experience includes: Education : Bachelor’s degree in accounting, finance, business administrator or closely related field, and certification as a Certified Public Accountant. Experience : At least seven (7), preferably ten (10) or more, years of full-time progressively responsible financial management experience. Supervisory experience is required. Other : Must be comfortable with detail and analysis work that requires a high degree of accuracy. Must be able to communicate both in written and verbal form with stakeholders on matters relating to contributions, retirement and actuarial matters. Familiarity with standard office machines and the ability to proficiently use a computer and calculator. Advanced proficiency with Excel. Intermediate proficiency with Microsoft Word, Microsoft PowerPoint and other related financial software. A high degree of independent judgment and discretion are required in the administration of accounting and operations for the Fund. TO APPLY :
Send your resume and cover letter to HR@fwretirement.org by December 20, 2024.
#J-18808-Ljbffr
Accounting : Manage all aspects of the Fund’s financial activities, including preparation and maintenance of financial and accounting records and reports, and financial and accounting systems, including the Fund’s general ledger, chart of accounts, development of reports and annual financial calendar. Facilitate and coordinate annual financial audit(s) with external auditor, including the planning and coordination of field work and serving as internal liaison with Board and internal staff on audit compliance. Direct and provide guidance in the processing of general accounting transactions, monthly retiree payroll, accounts receivable/payable, revenue and expenditures, investment reconciliations and cash control. Ensure accurate and timely recording of retiree, disability, and survivor benefit expenses. Conduct internal review of the accounting operations to verify accuracy of records and data; compliance of operations with prescribed plans, policies and procedures; and accurate accountability for physical and financial assets. Reviews and creates effective internal financial controls over financial information. Develop and implement financial policies; develop short and long-term goals and objectives; ensure that established goals and objectives are achieved; adapt procedures as needed for efficiency and compliance. Communicate accounting data through monthly and annual financial statements to members, the city, auditors, and governing bodies by means of financial statements and reports. Prepare the Annual Comprehensive Financial Report (ACFR), Annual State Controller’s Report, Federal and State Tax Reports, and other financial reports as required. Also responsible for the annual issuance of 1099-R forms. Review IT-generated data to be used by the Fund’s actuary to prepare valuations and experience investigations. Provide additional analysis of data and communications through the use of the custodian’s electronic delivery systems. Prepare and monitor the Fund’s annual administrative budget; monitor and approve expenditures for services and supplies; propose budget adjustments as necessary; work with executives on budget tracking and accountability. Monitor and project internal cash flows to ensure that funds are available to meet all expenditure requirements and that the asset allocation plan is properly maintained; work with Chief Investment Officer (CIO) on liquidity issues. Ensure compliance with all approved investment-related policies and guidelines; collaborate with the CIO, investment consultants and investment managers. Monitor industry trends and legislative and tax changes and their impact on financial decisions and processes; modify organizational procedures, documents and reports in response, and educate Fund staff on new requirements. Ensures federal tax reporting compliance. Identify pension system requirements with respect to financial operations, working with IT staff to address and modify system-generated reports. Attend professional meetings as necessary to stay current on pension fund financial, accounting and investment issues; network with colleagues in other pension systems to share knowledge and apply best practices to the Fund. Supervise accounting personnel, coordinate project workflows, and train personnel in their respective positions. Operations : Manage the Fund’s technology resources and technology staff, including computers, printers, security, telephone system and other systems; serve as the primary contact for the Fund’s outside IT and website providers. Interface with the Fund’s property manager on building-related issues, including budget, leasing, maintenance and day-to-day problems encountered by the Fund or its tenants. Responsible for vendor contracts administration and vendor management. Prepare, review, negotiate and manage the setup, maintenance, renewal and approval of all contracts, including suppliers and services, while remaining compliant with state policies and legal requirements. Advise and interpret contract requirements, obligations and risks with the assistance of legal counsel. Manage all the procurement needs of the Fund. Maintain and schedule records retention and destruction. OTHER DUTIES / RESPONSIBILITIES :
Perform the duties of accounting staff in their absence, if necessary. Perform back-up duties for the Executive Director, if necessary. Coordinate with the Benefits Manager and Chief Investment Officer to complete projects, as assigned. Perform other duties and responsibilities, as assigned. JOB QUALIFICATIONS :
Knowledge, Skills, and Abilities : Knowledge of principles and practices of financial management and control mechanisms; organizational development; principles of Generally Accepted Accounting Principles (GAAP) and Government Accounting Standard Board (GASB) principles and changes; financial and operational auditing standards and techniques; preparation of financial statements, notes and supplementary schedules; preparation of bank and securities reconciliations; preparation of Federal and State tax reports; actuarial principles and concepts; investment products, services and guidelines; budget preparation and monitoring. Must have ability to effectively manage and supervise financial operations; manage, coordinate, supervise and evaluate budgets and other financial activities; prepare complex financial reports; analyze and interpret applicable Federal and State laws, codes and regulations; supervise and train assigned staff; express ideas effectively in oral and written form; present financial items to the Audit & Budget Committee and the Board of Trustees, responding to questions and direction in public meetings; develop and maintain positive working relationships with trustees, consultants, investment managers, plan participants and other stakeholders; and analyze and interpret private equity and private credit investment documents. Must be a team player and able to establish effective working relationships with other staff, management, the Board of Trustees and outside service providers, and must also have the ability to encourage similar behavior in subordinates. Must be able to make rational, thoughtful, and often difficult decisions on a timely basis. Education, Formal Training, or Experience : Extensive education and experience which has led to the acquisition of the required knowledge, skills and abilities. An example of qualifying education and experience includes: Education : Bachelor’s degree in accounting, finance, business administrator or closely related field, and certification as a Certified Public Accountant. Experience : At least seven (7), preferably ten (10) or more, years of full-time progressively responsible financial management experience. Supervisory experience is required. Other : Must be comfortable with detail and analysis work that requires a high degree of accuracy. Must be able to communicate both in written and verbal form with stakeholders on matters relating to contributions, retirement and actuarial matters. Familiarity with standard office machines and the ability to proficiently use a computer and calculator. Advanced proficiency with Excel. Intermediate proficiency with Microsoft Word, Microsoft PowerPoint and other related financial software. A high degree of independent judgment and discretion are required in the administration of accounting and operations for the Fund. TO APPLY :
Send your resume and cover letter to HR@fwretirement.org by December 20, 2024.
#J-18808-Ljbffr