Manager, Financial Control Marketing Statement:

The Washington Metropolitan Area Transit Authority is looking for an energetic visionary Manager, Financial Control to lead the General Ledger accounting branch within the Office of Accounting. An ideal candidate will have comprehensive knowledge of the full cycle accounting process, GAAP, and financial reporting. Collaboration with all branches of Accounting and other cross departmental business leaders is an integral part of the position as is continuous process improvement and the ability to rally the team around a shared vision. Experience accurately interpreting and applying US GAAP, implementing new standards, preparing financial statements and note disclosures, and documenting policies and procedures is essential.

Minimum Qualifications :

Graduation from an accredited college or university with a Bachelor's Degree in Accounting, Business Administration, or a related field. Public Accounting Certification, a Master 's Degree in Accounting or other directly related field is desirable. A minimum of eight (8) years of considerable progressively responsible experience in accounting administration and reporting using manual and automated systems, with experience in both commercial and governmental practices; formulating and publishing accounting policies, procedures, regulations, and operating financial manuals; managing quality assurance plans/ef forts; and managing/supervising accounting staff .

Or, an equivalent combination of post high school education in Accounting, Business Administration or related fields and a minimum of eleven (11) years of considerable progressively responsible experience with accounting administration and reporting using manual and automated systems, with experience in both commercial and governmental practices; formulating and publishing accounting policies, procedures, regulations, and operating f inancial manuals; managing quality assurance plans/ef forts; and managing/supervising accounting staff.

Medical Group:

Ability to complete satisfactorily the medical examination for this job. The incumbent must be able to perform the essential functions of this position with or without reasonable accommodation(s}.

Job Summary/Duties:

This is senior-level managerial, supervisory, professional and administrative accounting work of a difficult and complex nature involving the financial control, analysis, fixed asset, automated financial management, and account receivable functions of the office. Manages a professional and clerical staff involved in classifying, compiling, and evaluating accounting data contained in the accounting records; provides data and analysis for financial reporting through the use of state-of-the-art personal computers and mainframe interface. The Manager is responsible for planning, organizing, coordinating, and accomplishing effective financial reporting in the areas of : capital assets, operating and capital inventories, capital construction program, capital improvement program and operations in a manner consistent with the minimum requirements mandated by regulatory agencies (e.g., Federal Transit Administration [FTA]) and governmental bodies of accountancy (e.g., GASB and FASB). Manages the accounts receivable and reporting functions and is responsible for the accuracy and completeness of revenue reporting. In conjunction with ITSV and ACCT s system analysts, maintains, when necessary, and modifies financial systems to satisfy the Branch s data and reporting requirements. The Manager is responsible fro the coordination of the external annual audit and provides professional expertise to external auditors and makes recommendation to resolve problems with the annual audit. The Position has considerable latitude for independent judgement and action within established guidelines. Position substitutes for the Comptroller during his/her absence.

Plans, directs and evaluates all Financial Control Branch activities. Manages supervisory professionals, accountants, technicians, and clerical personnel to achieve accurate and timely accounting data.

Plans supervises, and coordinates the year-end closing of the accounting records with the independent public accounting firm. Coordinates responses to internal and external audits of financial activities.

Monitors and establishes compliance standards and procedures for mandatory National Transit Database Accounting and Reporting System for reporting to federal, state and governmental and industry. Directs and coordinates necessary data for the timely filing of such reports to include the auditor's certification.

Plans, supervises, and coordinates the year-end closing of the accounting records with the independent public accounting firm. Coordinates responses to internal and external audits of financial activities.

Manages and directs the effort to coordinate, continuing development and updating of the fixed asset inventory system, the cost data system, the operating inventory system, and their interface with the general ledgers and replies to requests for financial information received from WMAT A staff, the Board of Directors, jurisdictions, state and Federal Government agencies and other outside activities.

Periodically executes tests to ensure that internal controls are adequate and observed in providing reasonable assurance that payments and subsequent results reflect correct funding sources.

Manages and assists in the ef fort for developing and maintaining mainframe and personal computer applications for quality control, and monitoring of the operational effectiveness of the Accounting Branch.

Serves as a resource for the Authority by instituting accounting modifications as required by new guidelines released by FASB and GASB. Responds to requests for financial information received for all sources.

Manages and directs the ef fort to establish, implement and monitor a program for measuring and evaluating the quality of financial information provided throughout the Authority and ensures that an adequate system of fund control exists and that continuing review is conducted regarding this segment of the accounting operation.

Develops, establishes and maintains standards and procedures for providing accounting data in accordance with the mandatory requirements of WMATA s departments, Federal agencies, state and jurisdictional agencies and external auditors.

Manages and assists in the efforts to coordinate, develop and/or provide, as necessary, professional and technical accounting system procedural training and personal computer application training for the Branch.

Plans, supervises, and coordinates the year-end closing of the accounting records with the independent public accounting firm. Coordinates responses to internal and external audits of financial activities.

Provides heavy participation in the annual external audit by assisting in preparing the schedule of the engagement, securing evidentiary documents and reports, preparing the financial statements and related footnotes, preparing confirmation letters and serving as the primary contact person for the Office.

Manages and directs the ef fort to coordinate, prepare and publish internal/external reports and replies to requests for financial information received from WMA TA staf f, the Board of Directors, FTA, state and other Federal Government agencies and other outside activities for the Financial Records Branch.

Oversees ef forts to develop and maintain mainframe and personal computer applications to achieve maximum system integration and reporting efficiency.

Manages development, evaluation and implementation of the Rehabilitation, Replacement and improvements Program for all Authority capital assets for the General Manager, the Board of Directors and jurisdictional staffs.

Through continuous revisions, enhancements and periodic redesign, keeps the Fixed Assets Management System (FAMS) fully functional by satisf ying all WMATA and FTA requirements.

Annually updates system tables to maintain accuracy of the rehabilitation and replacement forecasting feature for all existing assets.

Consistent with established requirements, administers data retention policy and aggressively pursues increased use of electronic storage devices.

Establishes and maintains standards and procedures for providing accounting data for mandatory FTA Accounting and Reporting System for reporting to the Secretary of Transportation, other federal, state and jurisdictional governmental agencies and industry. Provides necessary data for the timely filing of such reports and audit certification from Authority independent auditors.

Determines and schedules, as necessary, professional and technical accounting system procedural training and personal computer application training for the Branch.

In conjunction with ACCT's Systems Analysts, ITSV and other WMATA offices, reviews, develops and implements procedures to promote increased inter-system

integration and automation in the areas of extensive routine activity, such as inventory and Federal grant s cost and cash transactions.

Manages and participates in the ef fort to coordinate the stringent accounting period controls for required preparation and publishing of the quarterly Department of Finance (Comptroller) Report for the General Manager, the Board of Directors and jurisdictional staffs.

Manages the execution of financial plans and programs including the development of ad-hoc reports, analysis and modifications required for external and internal audit requirements.

Determines that funds generated by WMATA's scheduled bus and rail as well as other secondary revenue sources are recorded when earned, are properly shown by type, and that fluctuations amounts are thoroughly analyzed.

Verifies that billing and receipts items such as local jurisdictional matching amounts for federal grant authorizations, debt and repairable reserve requirements, operational and reimbursable projects are correctly treated/recorded.

Ensures that proceeds from the disposal of surplus real estate, capital assets and inventory items are recorded and, when applicable, that the information is supported by FAMS transactions.

Determines that all transactions resulting in cash receipts or credit memos are received and posted within the period of origin.

Manages the timely development and preparation of financial statements, complex schedules, monthly and annual reconciliations, journal entries, and account reclassifications based on a thorough understanding of accounting systems.

Ensures adequate internal controls are in place to provide reasonable assurance of accurate payments and accounting records and prudent cash management practices.

Manages and performs periodic surveys of the General Ledger supporting documentation to determine what historical data must be retained either through original document or microfiche process for Authority managers, internal auditors, external auditors, jurisdictions and other government organizations.

Stays current with generally accepted accounting principals, internal procurement regulations, budgeting process hardware and software components for mainframe and personal computers.

Oversees the maintenance of an aged listing of receivable accounts and within Authority guidelines, pursues their collection.

Ensures that all cash receipts or credit memos are received and posted in a timely manner.

Manages and supervises subordinate staff to include recommending applicant selection, disciplinary actions, resolution of grievances, assigning duties, directing work, conducting performance evaluations, approving leave requests and time sheets, and ensuring appropriate subordinate training is provided.

Serves as Comptroller in his/her absence.

Performs other special assignments related to areas of responsibility.

Performs other duties, as required.

• The essential duties listed are not intended to limit specific duties and responsibilities of any particular position. Nor is it intended to limit in any way the right of managers and supervisors to assign, direct and control the work of employees under their supervision.

Evaluation Criteria

Consideration will be given to applicants whose resumes demonstrate the required education and experience. Applicants should include all relevant education and work experience.

Evaluation criteria may include one or more of the following:

• Skills and/or behavioral assessment
• Personal interview
• Verification of education and experience (including certifications and licenses)
• Criminal Background Check (a criminal conviction is not an automatic bar to employment)
• Medical examination including a drug and alcohol screening (for safety sensitive positions)
• Review of a current motor vehicle report

Closing

WMATA is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other status protected by applicable federal law.

This posting is an announcement of a vacant position under recruitment. It is not intended to replace the official job description. Job descriptions are available upon confirmation of an interview.