2A50
UTILITY FINANCIAL SERVICES MANAGER

This is fiscal management work directing and coordinating the provision of financial services for the Water Department. The employee in this class serves as the across the board assistant to the Deputy Water Commissioner for Finance and has controlling responsibility for all accounting, budget preparation, contract auditing, financial planning, revenue and rate analysis, management and financial studies, and inventory control. Contact with departmental administrators, City and other governmental officials, regulatory agencies, and contractors to evaluate and implement departmental programs is of major significance to the work. Work is performed under the general direction of the Deputy Water Commissioner for Finance.

• Plans, assigns and directs the work of a staff of accounting, financial, technical and clerical personnel through a subordinate accounting manager; directs accounting activities related to maintaining operating and capital fund expenditures, preparing financial statements for water, sewer and combined funds, preparing the departmental payroll, processing of requisitions and payments to contractors, vendors and consultants, documenting capital expenditures to obtain reimbursement from the State and EPA, allocating expenditures to obtain reimbursement from the State and EPA, allocating expenditures to the appropriate responsibility center and/or project, identificating investment in capital assets, and monitoring and recording of all physical inventory for the department.
• Serves as a member of each bond working group and oversees the department's rule in the preparation of each bond prospectus; meets with bond rating agencies and explains the department's financial management goals.
• Oversees the compilation of financial and accounting data required on rate setting and bond issuance purposes; develops new or revises existing accounting systems, procedures and techniques; presents financial information and documentation to City Controller and EPA auditors.
• Directs through a subordinate supervisor the analysis and review of operational procedures and improving, developing and maintaining the system and methods of operation and control.
• Plans, assigns and directs the financial planning activities of the department through a Financial and Rate Analysis Manager; oversees this work as it relates to financial planning, financial and economic analysis, revenue and rate analysis and management, and financial studies and organizational analysis.
• Plans, assigns and directs through a subordinate accounting manager the activities of a staff performing contracts auditing and cost accounting, responding to dictates of Federal, State and City audits, preparing funding requests, preparing close-out packages for grant reimbursement, and maintaining departmental labor cost distributions; oversees staff activities related to the maintenance of records and reports of departmental personal property, fixed assets, and construction-in-process; directs staff in the preparation of operating and maintenance invoices for wholesale wastewater customers.
• Directs through a subordinate supervisor the planning, developing, analyzing and maintaining of the utility budget.
• Presents testimony during court cases and City Council hearings on proposed rate revision; presents evidence and background information in legal attempts to collect revenues.
• Assigns and reviews the analysis of staff structure and assignments; defines goals and objectives for the Finance Division.
• Ensures that staff maintains current data and receives training on federal, state and local regulations, statutes and laws applicable to contracts and accounting auditing.
• Coordinates the budgeting for new programs with the development of new fiscal policies and accounting procedures; explains procedures to be followed in developing budget requests.
• Reviews and approves all contracts, grants, and correspondence prior to Deputy Commissioner review and signature; acts in deputy's stead as needed.
• Performs related work as required.

KNOWLEDGE OF:

• the principles and procedures of accounting.
• administrative principles and practices applicable to the operations of a utility.
• the application of economic, financial, and statistical analysis principles and techniques used in the establishment of utility rates.
• the principles and techniques used in developing projections of revenues for a utility.
• financial planning procedures used in the development, revision, and administration of a comprehensive financial program for a utility.
• the principles and techniques of cost accounting as they apply to a large utility.
• the principles and practices of preparing and administering operating and capital budgets in a utility.
• the application of electronic data processing equipment and techniques to the maintenance of accounting records.
• capital and operating budgeting principles and practices.
• the sources and methods used in funding capital expenditures for a large utility, including rates, bond financing, and government grants.
• supervisory methods and techniques.
• the principles of managerial finance and the techniques of financial analysis.
• financial institutions and instruments used in debt financing of municipal capital projects.
• the principles of economics and the techniques of economic analysis.

ABILITY TO:

• direct and coordinate the rate analysis, cost and revenue forecasting, budget preparation and monitoring, bond series preparation, and administrative analysis functions of a large water utility.
• analyze and evaluate a wide variety of fiscal statements and statistical reports and to provide analyses concerning the fiscal condition of a large utility.
• direct and coordinate the rate analysis, cost and revenue forecasting, budget preparation and monitoring, bond series preparation, and administrative analysis functions of a large water utility.
• analyze and evaluate a wide variety of fiscal statements and statistical reports and to provide analyses concerning the fiscal condition of a large utility.
• exercise sound judgement in administering, reviewing, and critically evaluating fiscal operations and in making recommendations relating to major operational procedural problems.
• supervise the work a group of employees engaged in maintaining fiscal records.
• plan, organize, direct, and coordinate the activities of a large, multi-discipline staff providing a variety of administrative services.
• establish and maintain effective working relationships with departmental officials and representatives of private financial institutions.

• Completion of a bachelor's degree program at an accredited college or university with major course work in business or public administration, economics, finance, or accounting.
• Eight years of financial or accounting experience, four years of which has been utility administrative experience, two years of which has been directing an administrative and/or technical staff engaged in: the preparation of utility budgets, or utility administrative analysis, or utility financial rate analysis, or auditing utility fiscal operations and records, or cost or financial statement accounting.

NOTE:
Completion of a Master's of Business or Public Administration Program at an accredited college or university, with major course work in business administration, public administration, economics, finance, or accounting may be substituted for two years of the required general experience.

PHYSICAL AND MEDICAL REQUIREMENTS

• Ability to physically perform the duties and to work in the environmental conditions required of a position in this class.

PAY RANGE: EP28
Class Established: 9/1982

Latest Spec. Revision: 2/1990


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