Deputy Chief Financial Officer (WMS3)

State of Washington•Tumwater, WA

52d

About The Position

Department of Revenue (DOR) is looking for a trusted financial professional - someone who is dedicated to ensuring that DOR maintains financial accountability and oversight as well as assisting the Chief Financial Officer (CFO) advance the mission of the agency. We are looking for a thoughtful leader who is excited to take on the new role of Deputy Chief Financial Officer, a role that is responsible for the day-to-day operations of financial reporting, accounting, and distributions to over 60 different state fund accounts, as well as local and tribal governments. This position is required to employ advanced financial management principles and is intended to make a difference and impact by assisting the CFO in leading the agency in all matters relating to financial accountability. The Department of Revenue is a dynamic learning organization where you will experience a remarkable work-life balance, with amazing leadership and talented co-workers ready and focused to achieve the agency's goals. We value diverse perspectives and life experiences. We employ and serve people of all backgrounds including people of color, immigrants, refugees, LGBTQ+, people with disabilities, and veterans. This unique culture of respect promotes a professional family of cohesive groups maximizing potential through opportunity. We offer a generous benefits package that includes defined benefit retirement plans; health, dental and vision coverage, deferred compensation plans, and as a public service employee, you may also be eligible for

Requirements

Three years of management experience in financial operations or related management experience.
Expert knowledge of advanced financial principles, Generally Accepted Accounting Principles, Generally Accepted Auditing Standards, federal and state laws, and rules governing compensation and pay (e.g., Fair Labor Standards Act and the State Budget and Accounting Act).
Exceptional ability to present complex financial information to diverse audiences, including executives, legislators, and others.
Advanced level knowledge and ability to apply accounting theory.
Experience managing a workforce within a collective bargaining framework and the financial practices within unionized environments.
Demonstrated experience of decision making in financial disciplines.
Demonstrated experience implementing accounting standards and guidelines, policies and regulatory and statutory requirements.
Knowledge and ability to work within labor union collective bargaining agreements, civil service rules and other labor law requirements.
Management skills and experience with organizational management and management practices to include all aspects of process improvements, staff development, communication and team building.
Demonstrated experience and ability to plan, direct, implement, monitor, and evaluate the functional and technical components of financial services.
Ability to direct, inspire and motivate staff and manage the department's financial services.
Experience in consulting and advising executive management on financial decisions, solutions, and policies.
Knowledge of and ability to apply advanced principles and technologies of accounting, business and finance, financial data analytics, as well as state and federal laws, regulations, and policies.
Management skills to lead, support, motivate, mentor and train financial professional and technical staff.
Skills to successfully ensure compliance with agency financial policies and procedures.
Knowledge of risk management and risk finance.
Adaptability and flexibility: Solve problems, consider different perspectives, and find new, creative ways to accomplish work. Adapt easily to changing needs, conditions and work responsibilities. In dynamic situations, adapt approaches, goals, and methods to achieve successful solutions and results.
Trust and integrity: Remain objective at all times and ensure that professional judgment, rather than opinion, influences work. Earn the trust, respect and confidence of co-workers, customers and senior leadership through consistent honesty, forthrightness, and professionalism in all interactions.
Build and maintain cooperative relationships characterized by a high level of acceptance and collaboration.
Ability to apply critical thinking and judgment in decision-making having both short-and long-term impact on the agency.

Nice To Haves

WA Certified Public Accountant and or a Master of Business Management, Accounting or similar field.

Responsibilities

Leads the agency's financial accounting so that the agency has a roadmap and proper transparency of agency funds. This includes the processes that are required for financial risk management, financial data analytics, establishing and monitoring internal controls, and accurate financial reporting. The expected outcome of this responsibility is accurate, reliable financial data and transactions, including timely communication of financial results to support the agency's mission. Applying advanced management skills, government operational acumen, and experience that demonstrate responsibility for financial analysis of all revenues and receivables totaling more than $41 billion dollars.
Anticipates and identifies financial problems; create solutions; inform critical independent, strategic financial decisions; and develop financial contingency plans.
Analyzes problems, identifying solutions, project consequences of actions, and implement actions to support the agency and program goals.
Participates in inter-agency work groups that develop overall policy by evaluating and making recommendations regarding the fiscal aspects of program changes.
Presents financial presentations to staff, Executive Team, State Treasurer's Office, Office of Financial Management, and State Auditor's Office.
Evaluates and makes recommendations regarding the fiscal aspects of the program changes.
Accounts for and verifies the state fund distributions and send the correspondence along with the funds to the proper state fund entity.
Responsible for accurate analysis of trend revenue reports for the Economic Forecast Council that uses this data for forecasting Washington State quarterly forecasting report. The critical impact of the data provided affects all general fund dependent agencies and programs. This role must strategically approach the complex data process collection, review and analysis to ensure accuracy due to the high and vast dependency this data has for the general fund. This role may assist in presentations to external stakeholders including the Governor's Office, legislators, and the Office of Financial Management regarding the components of the data and must understand the flow of the funds that come from multiple revenue sources.
Administers and provides oversight for all agency financial analysis reporting and reconciliations. This requires strategic leadership of internal controls and validation. This position is a key point of contact for external annual audit reviews and responses.
Leads the financial process and team that has a direct impact on all (1464) employee financial reimbursements, payroll, leave and benefits.
Recommends and assists with setting and adhering compliance with financial policies and procedures that include State and Federal laws, regulations and accounting principles. Coordinates with and provides financial expertise and advice for agency management and divisions so that the agency follows correct accounting principles, accurately reports revenue, and manages risk.
Utilizes a wide collection of expert knowledge in multiple disciplines such as audit function requirements, cash handling methodologies, internal control processes, financial reporting, and data analytics with the ability to understand, articulate and implement solutions that ensure an overall strong financial position for the agency
Ensures compliance with the Payment Card Industry (PCI) and cash handling policies for the agency. Compliance for credit card handling and cash handling has stringent controls and accountability that require a thorough and broad understanding of these functions. These functions have audit reviews by separate entities external to the State Auditor's Office.
Conducts an annual financial risk assessment, ensuring internal controls are appropriate and testing the controls to ensure the accurate management of financial risks.
Supports the One Washington Project, the replacement of the State's core financial system. Ensures the agency's financial operational processes are evaluated and adjusted prior to implementation of the new statewide accounting system.
Supervises two WMS Band 2 level managers in Treasury Management and Accounting.