Kansas City Area Transportation Authority - Kansas City, MO
posted about 2 months ago
The Chief Financial Officer (CFO) of the Kansas City Area Transportation Authority (KCATA) is a pivotal role responsible for overseeing all financial matters of the organization. This includes general finance, procurement, grants, inventory control, self-insurance, audits, and the management of both salaried and union pension plans. The CFO is also tasked with the preparation and oversight of operating and capital budgets, ensuring compliance with all federal financial requirements pertinent to the Authority. As a member of the executive management team, the CFO serves as a key advisor to the CEO, Deputy CEO, and Chief of Staff, providing insights and recommendations on financial strategies and policies. The role requires presenting financial reports and updates to the Board of Commissioners, engaging with stakeholders, and ensuring transparency in all financial dealings. In this capacity, the CFO will supervise and mentor the finance staff, ensuring that work is prioritized and assigned effectively. The CFO is responsible for maintaining high levels of customer service and professionalism within the finance team. The position involves planning, organizing, directing, and controlling the agency's financial accounting activities, ensuring that revenues, expenditures, and debt issuance are balanced. The CFO will also develop and analyze financial policies and procedures, making recommendations to the CEO and Board to ensure long-term fiscal viability and accountability. The CFO will ensure that accounting processes comply with the Governmental Accounting Standards Board (GASB) and Generally Accepted Accounting Principles (GAAP). This includes assisting the CEO in establishing financial goals for KCATA and directing the administration of complex employee pension and benefit plans. The CFO will oversee the preparation of the Annual Financial Report and audits, coordinate external audits, and ensure compliance with state and federal laws. Additionally, the CFO will lead the preparation of the annual Operating and Capital Budgets, pursue grants, and maintain knowledge of funding opportunities relevant to the agency's financial operations. The role requires the ability to prepare clear and concise financial reports for decision-making purposes, develop effective internal controls, and maintain a strong working relationship with the Board of Commissioners. The CFO must stay informed about industry trends and best practices in financial management, attend various meetings, and represent the agency at conferences and events. Overall, the CFO plays a critical role in ensuring the financial health and accountability of the Kansas City Area Transportation Authority.