Job Information
Idaho Division of Human Resources FINANCIAL EXECUTIVE OFFICER in Boise, Idaho
FINANCIAL EXECUTIVE OFFICER
Posting Begin Date: 2024/04/19
Posting End Date: 2024/05/05
Category: Executive Management
Sub Category: Professional
Work Type: Full Time
Location: Boise, ID, United States
Minimum Salary: 57.69
Maximum Salary: 62.50
Pay Rate Type: Hourly
Description
PERSI Financial Executive Officer
Applications will be accepted through 4:59 PM MST on the posting end date and must include a cover letter and a detailed resume.
The Public Employee Retirement System of Idaho (PERSI) is seeking a Financial Executive Officer to lead our Fiscal Department. Headquartered in Boise, PERSI is a public pension fund with approximately $23 billion in assets and 170,000 members at over 800 public employers throughout Idaho. PERSI's mission is to provide a sound retirement system and high-quality service and education to help Idaho public employees build a secure retirement. Our vision is to be the premier public retirement system, respected by customers, peers, and the community, and known for professional service, technological advancement, and fund stability.
This position is eligible for the PERSI benefits package, including:
Excellent low-cost medical, dental, and vision insurance
Generous vacation and sick leave accrual beginning as soon as you start
Eligibility for the Public Service Loan Forgiveness Program (PSLF)
Paid parental leave
Eleven paid holidays per year
PERSI retirement (https://www.persi.idaho.gov/) , one of the nation's best state retirement systems
Multiple savings plans
Life insurance
A healthy work/life balance
Wellness programs; ongoing training opportunities; and more
Responsibilities:
Establish and manage internal financial controls and ensure the financial operation and reporting requirements are in compliance with applicable federal and state laws, rules, policies, and standards.
Oversight of global investing documentation, accounting and cash management including coordinating, risk review and problem solving with all investment managers, consultants, banks and portfolio staff. Approve all transfers and disbursements of portfolio funds. Ensure adequate monitoring of investment accounts to catch problems early and provide a review independent from the portfolio section.
Assure correct and on-time completion of all required financial statements, audits and reports for the Retirement Board, Legislative Services Office, Division of Financial Management, auditors, etc. Ensure compliance with all accepted accounting standards to include GAAP and GASB and all laws and regulations governing the financial functions of PERSI.
Contract administrator with BNY Mellon for custody and trust relations.
Oversee and administer private equity transactions as part of the portfolio management process.
Management and oversight of actuarial, auditing, and 401(k) record keeper third-party contracts.
Direct the development and implementation of, and continually monitor administrative and portfolio budgets, operating policies and management procedures.
Develop documents for use by executive decision makers to respond to or assist in decisions.
Manage accounts payable, travel claims, payroll for staff, insurance and risk management issues, purchasing, internal controls, and monitoring of purchases of all capital outlay items.
Review and react to state and federal legislation impacting public pension fund administration.
Ensure the effectiveness of financial programs and computer systems, oversee financial management issues, identify problems, and recommend and direct implementation of solutions.
Direct, develop and manage financial staff in all operational areas within the Fiscal Department.
Present financial status of all aspects of business to the Retirement Board.
Minimum Qualifications (must be reflected in your resume):
Bachelor’s degree in accounting or business with at least 20 semester credit hours in accounting.
Experience managing the staff and activities of a financial operation. This is typically gained by at least four years of management responsibilities of a professional staff in a financial operation.
Experience designing and implementing complex computerized accounting or auditing systems. This is typically gained by at least three years of experience designing and implementing complex computerized accounting or auditing systems.
Experience preparing financial management documents and statements. This is typically gained by at least two years of experience preparing annual reports, or similar types of actions for decision-making.
Experience identifying and resolving problems involving financial software systems. This is typically gained by at least two years of experience dealing with problems such as the payroll system, collection of revenues, maintaining fixed assets, etc.
Experience preparing and making oral presentations. This is typically gained by at least two years of experience as a manager/supervisor making presentations to the organizational director, top-level management, committees, etc.
Experience writing narrative reports setting forth conclusions and recommendations for consideration by top-level management. This is typically gained by at least two years of experience as a manager/supervisor writing reports to the organizational director, top-level management, committees, etc.
When applying, please submit a cover letter and a detailed resume by the closing date.
Candidates who reach the final hiring stage will be required to participate in a criminal background check. Having a criminal record will not automatically eliminate applicants from consideration, but may be considered as part of the hiring process.
If you have any questions, please email[email protected]
Benefits:
For additional information related to benefits and/or State programs, please visit https://dhr.idaho.gov/StateEmployees/Benefits.html.*
EEO/ADA/Veteran:
The State of Idaho is committed to providing equal employment opportunities and prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on their race, color, religion, political affiliation or belief, sex, national origin, genetics, or any other status protected under applicable federal, state, or local laws.
The State of Idaho is committed to access and reasonable accommodations for individuals with disabilities, auxiliary aids and services are available upon request. If you require an accommodation at any step in our recruitment process, you are encouraged to contact (208) 334-2263 (TTY/TTD: 711), or email[email protected].
Preference may be given to veterans who qualify under state and federal laws and regulations.