The mission is to encourage economic growth and diversification in Alaska. Our client is currently seeking a Project Controller to join the Anchorage, AK team. This is an immediate opening with competitive pay, benefits package, and a matching 401k.
Objective:
Scope of work: This position is the lead accounting professional for Client-owned assets. The self-directed individual exercises independent judgement, is highly knowledgeable of GAAP and GASB accounting and able to do related research. The position is responsible for these specific accounting areas: Fund accounting, cash management, fixed asset accounting, reporting, auditing, financing with bonds, financial planning and analysis. The position is responsible for daily accounting processes and continuous monitoring of existing and emerging financial issues related to the assets. The position is responsible for periodic financial and budget reporting subject to annual audit compliance and bond compliance requirements. The position supervises staff and works closely with key inter departmental and utility partners through effective communications and coordinated execution.
Budgets and Expenditures (65 %)
- Prepares Client-owned assets’ monthly and quarterly operating budget and amendments for approval by participating utilities. Presents budgets and financial information to the utility management committee and finance subcommittee, as needed. Directs communication of financial information to the utilities and bond trustee
- Monitors budgets, coordinates meetings with Client management and Utility management to prepare annual budgets and solve funding issues.
- Monitors debt and statutory compliance requirements and prepares submissions for trustee and legislators, as required.
- Prepares financials statements with detailed supporting documentation for Asset’s annual audit.
- Attends monthly management committee meetings as support for Client Management to answer budget and expenditure questions.
- Reviews owned asset related procurement requests to ensure funding is available and that the scope of the proposed procurement meets the general intent of the funding source. Posts the commitment of funds to the accounting system.
- Monitors project budgets and works with Client management and staff to resolve funding issues.
- Monitors cash balances of project related accounts to ensure correct receipts and payments are from correct source.
- Initiates cash payments and transfers among accounts.
Accounting and Audit Functions (20 %)
- Monitors, understands and provide interpretation of new and proposed accounting pronouncements in areas of focus to assist the team in assessing financial, operational, compliance, and reporting implications,
- Reviews the accuracy of daily accounting transactions and activities to include journal entries, billing and receiving revenues, invoice payments, cash transfers, payroll allocations and recording of the results of those activities in the general ledger and subsidiary systems.
- Updates accounting policies and accounting estimates as needed. Develops, designs and recommends policies, procedures and work processes for implementation to ensure transactions are recorded in the accounting system in conformance with applicable accounting standards and requirements of project agreements.
- Researches accounting implications or changes in the subject areas, prepares accounting memos, reaches conclusions with adequate level of rationale and documentation for review, communicates and presents the accounting conclusions.
- Coordinates annual external audit for benefit of the utilities.
- Reviews/prepares the financial statements, supporting schedules, and detailed documentation for the annual audit.
Other Duties as Assigned (15 %)
- Designs analytical reports for accounting, cash and financial assessment to arrive at accounting decisions. Leads ad hoc special accounting analysis projects.
- Provides financial data and/or analysis to project managers, procurement staff, upper management, federal grantors, grantees, lenders, bonding agents and others.
- Other duties as assigned.
Qualifications:
MINIMUM QUALIFICATIONS. Must have Bachelor’s degree in Accounting or Finance along with 10+ years of financial statement, auditing, financial accounting or similar experience. Certified Public Accountant certification required or have operated in a principal capacity
Critical Knowledge, Skills, and Abilities:
- Strong written and oral communication, analytical, and consultative skills to thrive in managing concurrent projects while working with inter departmental teams to drive outcomes.
- Experience in executing in a dynamic, high speed and demanding environment by demonstrating organizational, interpersonal, communication, problem-solving, multi-tasking and prioritization skills.
- Both technical and operational knowledge of accounting principles, internal controls, and standards under GASB and FASB; governmental budgeting principles and practices to include an understanding of fund and appropriation accounting.
- Knowledge of OMB Circulars and experience with the Code of Federal Regulations.
- Experience with government budget principles and practices, procurement, and project funding processes.
- Skills in financial planning and analysis, reporting, communication, problem solving and critical thinking.
- Experience and knowledge with high level accounting functions to preparing reports that summarize accounting information for internal and external users.
- Ability to understand the terms and conditions of grant agreements and contracts.
- Knowledge with preparing financial statements and understanding the audit process.
- Ability to work cooperatively and communicate effectively, both orally and in writing, with other personnel.