Chief Financial Officer - Brookings Municipal Utilities

Brookings Municipal Utilities

Swiftel Communications

Job Description

Job Title: Chief Financial Officer

Department: Administrative

Reports To: Executive Vice President & General Manager

FLSA Status: Exempt

Classification: Management

Wage Scale Designation: Management

General Statement of Duties

Performs administrative and supervisory work in planning, organizing and directing the activities of the accounting, billing and collection, and human resource departments. Serve as the principal officer in charge of the accounts, budgets and internal audits of the Utility.

Typical Duties and Responsibilities

1. Responsible for the overall supervision, direction, coordination and evaluation of the Accounting, Billing & Collections, and Human Resources departments.
2. Develops and implements administrative policies and guidelines; advises staff as to administrative procedures and policies. Interprets and directs implementation of Board policies.
3. Administers personnel policies, plans and procedures as outlined by the Board.
4. Designs and directs the implementation, operation and supervision of the accounting system. Maintains or causes to be maintained, adequate records of assets, liabilities and transactions. Causes adequate internal audits to be made. Establishes, advises and guides the accounting staff in the administration of accounting programs and procedures according to generally accepted accounting principles.
5. Maintains adequate systems to provide for the initiation of utility and communications services and issuance of customer bills and collection of receivables.
6. Works closely with department managers in establishing accounts and developing procedures to provide maximum coordination and uniformity of accounting practices.
7. Compares performance with operating plans and standards and reports and interprets the results of operations to all levels of management. Formulates accounting policy, oversees department cost control, coordinates systems and procedures and prepares operating data and special reports as required.
8. Reviews existing financial processes and designs new financial processes for efficiency and effective internal controls.
9. Compiles, analyzes and interprets significant data to enable management to make intelligent decisions and take responsible action.
10. Supervises or coordinates the preparation of reports for government agencies.
11. Directs the preparation, in conjunction with department managers of a capital budget, annual budget and annual report covering all activities of the Utility.
12. Functions as the Utilities' cost accountant, auditor and financial advisor.
13. Directs the preparation of telecommunication Universal Service Fund programs and filings with Federal and State regulators, telephone carrier access billing and toll settlements.
14. Administer financing transactions including bond issues and State Revolving Fund programs.
15. Administers insurance policies and programs i.e. liability, property, vehicle, health insurance and worker’s compensation.
16. Assist with BMU merger and acquisition activities including but not limited to valuation assessments, due diligence information requests and financial analysis.
17. Administer contracts for purchase of video content and assist with negotiated contract extensions and renewals.

Minimum Qualifications

To perform this position successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education and/or Experience

1. Bachelor’s degree in Finance, Accounting, Business Administration, or related field and at least seven (7) years of senior-level government or telecommunications experience in finance or accounting. Master’s degree in Business Administration (MBA) and Certified Public Account (CPA) designation is preferred.
2. Thorough knowledge of finance and accounting practices and procedures.
3. Knowledge of or the demonstrated ability to learn the laws and regulations governing the operation of the telephone, electric, water and wastewater utilities.
4. Ability to supervise and direct personnel in a manner conducive to full performance and high morale.
5. Ability to assemble, organize, and present in oral or written form, statistical, financial and factual information.
6. Ability to analyze and interpret significant data to formulate conclusions and recommend appropriate courses of action.

Language Skills

1. Ability to read and comprehend simple to complex instructions, short correspondence, and memos presented either written or orally.
2. Ability to effectively present information in one-on-one and small group situations.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position.

1. Frequently required to stand; walk; sit; speak; hear; use hands to handle or feel; and reach with hands and arms.
2. Required to actively listen and communicate with supervisor, peers and customers.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. While performing the duties of this position, the employee is frequently in indoor working conditions.
2. Position involves regular contact with other employees and members of the public.

Typical Performance Requirements

The performance standards described here are representative of those that must be met by an employee performing the essential functions of this position. These are largely based on industry standards for the position.

1. Employee is expected to meet performance standards communicated by the Executive Vice President / General Manager.
2. Employee is required to adhere to the guidelines presented in the Personnel Policy Manual.

This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee. Nothing in this job description restricts management’s right to assign or reassign the duties and responsibilities of this job at any time.

9/24/2024

Date Approved