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Deputy Chief Financial Officer

Location

Salt Lake City, UT, United States

Posted

Jun 4, 2024

Type

Full-Time

Job ID

24-319

Job Description

Description

JOB SUMMARY

Are you an independent self-starter with a background in Finance and Treasury? Do you want to work in an exciting industry that continues to provide integral services to the community? Drive your career forward at the Utah Transit Authority (UTA) – a major transit agency in one of the fastest-growing regions in the United States!  
This position is an essential member of the financial team and assists the Chief Financial Officer (CFO) in performing the day-to-day activities for Utah Transit Authority (UTA). Determines organizational needs of Treasury and assists the CFO by providing guidance and oversight of treasury functions including Revenue Control, Business Planning & Data Analysis, agency investments, and bond program oversight.
 
Plans, manages, and directs all UTA treasury programs and activities including treasury operations, debt, and the investment portfolio. Oversees day-to-day management of treasury operations and ensures maintenance of sound internal controls over the Agency’s cash and securities assets. Ensures security of cash operations and compliance with internal control procedures and policies. Oversees and advises on cash handling, revenue control, and credit/debit fare programs. Experience in pension obligations and the ability to manage debt and bonds, equipment lease programs, and familiarity with re-financing and debt issuance are highly desirable. Manages certain aspects of UTA’s Treasury and related financial activities, including cash flow activities, investments, managing investor relations, and managing all banking relationships.
 
Supports the Chief Financial Officer in their committee duties on the pension committee for UTA by:
  • Monitoring journal entries performed by the pension accounting firm in the pension accounting system and trial balance.
  • Reviewing financial statements integrated into the yearly financials of the Authority for completeness and accurate actuarial information.
  • Serving as a repository for investment statements and audited financial statements.
  • Follow-up on monthly payments of taxes and annual tax reporting to the various states and the federal government with support from the Comptroller’s office.
  • Implementing regulatory and compliance changes with the various pension contracts to ensure ongoing compliance.
 
Implements UTA’s investment policy; makes investment decisions consistent with investment policy, all bond indentures, and the Utah Money Management Act in concert with the CFO.  Monitors investment and makes periodic reports to the Chief Financial Officer.  Manages and maintains UTA’s investor website.
 
Provides guidance, advice and support to the CFO. Ensures internal controls are in place and effective to safeguard financial resources. Provides management and oversight for claims & insurance, fares, and revenue tracking. Assists with financial policy reform and/or updates and supports the finance organization with financial planning and analysis tasks.
 
Develops and presents technical and administrative reports and studies; therefore, it will be necessary for the successful candidate to effectively communicate complex financial information to a wide variety of stakeholders in a transparent manner and at the appropriate.
 
Prepares advanced financial statements for operating and capital programs to inform short and long-range planning, analyzes data, monitors local and national trends, economic indicators, and best practices. Develops metrics and dashboard tools to monitor financial health of the Enterprise.

MINIMUM QUALIFICATIONS 
EDUCATION/TRAINING:   
Bachelor’s degree in finance or related business discipline. Or equivalent experience. Master’s degree or equivalent strongly preferred. Utah Transit Authority reserves the right to estimate equivalent experience.
 
EXPERIENCE:   
Eight (8) years in a treasury function, preferably in banking, plus five (5) years supervisory experience. Public pension experience highly desirable.
 
 
Knowledge:  
  • Extensive knowledge of treasury functions and operations and related cash handling, financial controls, debt and investment management services
Skills: 
  • Strong personnel management and organizational skills, solid verbal and written communication skills, and demonstrated successful time management to oversee and manage multiple priorities.
Abilities: 
  • Demonstrated ability to perform both analytical and administrative work including analyzing cash flow of various accounts and managing short-term and long-term business cash flow oversight
This job requires regular and predictable attendance.
 
- OR - 
An equivalent combination of relevant education and experience.
[UTA reserves the right to determine the equivalencies of education and experience.]
 
As a full-time Administrative Employee, your Total Rewards Benefits Package will include: 
  • Health, dental, vision, life/AD&D, short-term and long-term disability insurance (eligible after 30 days of employment), with Flexible Spending and Dependent Care accounts. Choice between Traditional Co-Pay or High Deductible Health Plans for medical coverage. HSA with company match available to employees enrolled in the HDHP. Benefit plans include coverage for domestic partners (eligibility affidavit required for coverage).  
  • Onsite Health and Wellness Clinics for medical care at no cost to employees, spouses, domestic partners, and dependent children. 
  • 22 days of accrued paid time off (13 vacation days and 9 sick days), which increases with tenure at UTA. 
  • 10 paid holidays and two paid (2) floating holidays per year. 
  • Retirement options - Pension Plan with 5-year vesting schedule and 457 Contribution Plan, available for immediate contributions and company matching. 
  • Generous tuition reimbursement for higher education, available for any higher education degree (bachelor, master, or PHD). Course of study must be approved prior to enrollment. 
  • Training, development, and career advancement opportunities. 
  • Paid parental leave for birth, adoption, and child placement (after 12 months of employment). 
  • Free transit passes for employees, their spouses, and their dependent children. 
  • Employee assistance program – includes counseling, legal services, financial planning, etc. 
  • UTA Well – a comprehensive wellness program designed to support employees and dependents in their health and wellness goals. 
  • Free on-site fitness facilities and discounted membership to VASA Fitness and EoS Fitness. 
  • Discounted cell phone plans with T-Mobile and AT&T. 
  • Pet insurance plan options (tailored plan coverage based on pet’s health and needs). 
  
For more information on UTA’s Total Rewards benefits package, please visit: https://jobs.jobvite.com/rideuta/#benefits  
  
Pay Range: $150,000.00 to $188,000.00 depending on experience. 
Open until filled. 
  
* Utah Transit Authority is an Equal Opportunity Employer of all persons regardless of race, color, religion, sex, national origin, age, disability, covered veterans, sexual orientation, and gender identity. Women, minorities, and people with disabilities are encouraged to apply. Applicants needing an accommodation under the Americans with Disabilities Act for any part of the application process should contact UTA Human Resources at 801-287-2324. A minimum of two workdays’ notice prior to the need for the accommodation is required. 
  
*Utah Transit Authority is a drug-free workplace, subject to federal drug and alcohol testing regulations under 49 CFR Part 40, 655, and 219. All offers for employment are contingent upon a successful pre-employment drug test. If a pre-employment test returns a non-negative result, an application for employment may be rejected. All employees are subject to reasonable suspicion and post-accident testing for drug and alcohol use. All safety sensitive employees are subject to random testing for drug and alcohol use. 
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