TESRS is looking for a service-minded and motivated CPA to serve as Chief Financial Officer (CFO). TESRS seeks an experienced accounting professional with pension system experience, who may also have state agency accounting experience, and who can effectively perform the duties and responsibilities required of the CFO. If you are an experienced certified public accountant licensed in Texas and are interested in serving the state’s volunteer first responders, please apply to join our agency.
The Chief Financial Officer reports directly to and under the direction of the executive director and is responsible for managing the pension system’s financial and investment accounting, cash management, financial analysis, and budgeting functions; providing coordination and review for investment valuation, benchmarking, and liquidity analysis functions; responsible for coordination and development of the agency’s Legislative Appropriations Requests and operating budgets; development of components of the agency's financial strategic plan; development and implementation of financial policy development; performance monitoring; executive level reporting; and direct supervision of financial management staff.
The Texas Emergency Services Retirement System is an Equal Opportunity Employer and does not discriminate on the basis of race, color, national origin, sex, religion, age or disability in employment or in the provision of services.
The CFO is responsible for the overall financial accounting and external reporting functions for the agency and the pension fund, including preparation of annual financial statements and legislative appropriations request and the development and implementation of accounting policies/procedures and internal controls.
The CFO is also responsible for:
-TESRS pension system cash management, including, monitoring, reviewing, reconciling, and forecasting cash inflow/outflow; providing timely recommendations of actions needed to ensure sufficient liquidity to meet benefit, vendor, and other payment demands, while maximizing the amount of funds available for investment;
-providing assistance to the system actuary in the development of general investment valuation guidelines and policies based on accepted industry standards; ensuring processes are in place to consistently and accurately value the investment portfolio;
-providing assistance in the identification, assessment, mitigation, and reporting of financial, compliance, legal, security, operational, and other risks to the agency, pension fund investments, and the pension system’s benefit program;
-coordinate activities with the Legislative Budget Board, Governor’s Office of Budget and Planning on behalf of the agency when required.
-initiating and providing strategic direction and review for the preparation of financial forecasts, analyses, and reports that provide guidance and support for executive review, planning, and decision-making;
-development and administration of the financial systems strategies for the pension fund and the agency, including State Treasury account cash reconciliation, general ledgers, payables, receivables, management reporting and utilization of budgeting systems;
-oversees the planning, implementation, coordination and evaluation of the budget and financial operations of the agency;
-leads financial process redesign and system implementation efforts;
-management of the development and administration of the TESRS state agency’s and pension fund’s annual budgets;
-ensuring financial accounting and reporting are in compliance with state and federal tax laws through oversight of tax-related accounting, payments, and compliance functions and;
-acting as the primary point of contact for agency investment consultants and money managers.
-knowledge of systems, processes, and internal control standards used in production of external financial statements and internal management reports for a complex pension fund or investment organization;
-knowledge of State of Texas legislative processes;
-knowledge of principles, practices, and financial reporting standards involved in the management of a pension fund;
-knowledge of resources and methods for establishing benchmarks for measuring investment performance;
-knowledge of generally accepted accounting principles and standards (GASB), procedures, systems, and reports applicable to pension funds, asset management firms, and investment companies;
-knowledge of methods and technologies used to develop and present financial and cash flow analyses, reports, and forecasts;
-knowledge of principles and practices of supervision, management, and employee relations;
-skill in the use of Microsoft Office applications; highly advanced skills in Excel;
-skill in using Centralized Accounting and Payroll/Personnel System (CAPPS) and Uniform Statewide Accounting System (USAS) is highly desirable.
-skill to provide effective leadership on matters within assigned areas of responsibility;
-ability to effectively communicate financial information to the executive director, internal and external stakeholders, and the TESRS Board;
-ability to lead, implement and balance change and continuity to continually strive to improve customer service and program performance within the basic state government framework;
-ability to build, establish, and maintain effective working relationships and coalitions
-ability to make timely and effective decisions and produce results through strategic planning and the implementation and evaluation of policies and programs;
-ability to review and evaluate investment, actuarial, and financial information and reach sound conclusions on the pension system’s current and future liquidity, financial soundness, and investment performance;
-ability to analyze financial data and develop financial forecasts and recommendations to support executive-level decision making;
-ability to represent TESRS with a variety of contacts, including TESRS participating departments and their governing bodies, the Governor’s Office, the Texas Legislature, other state agencies, and external auditors and compliance agencies.
-ability to plan, direct, review, and support the work of a staff engaged in accounting, benefits administration, and information technology and;
-ability to work effectively under minimal supervision.
Graduation from an accredited four-year college or university with a bachelor’s degree in accounting, finance, or a related field.
Must be licensed and in good standing as a Certified Public Accountant in Texas.
At least 5 years’ experience in budgeting, accounting and financial operations, including preparing and reviewing complex reconciliations;
At least 3 years’ experience of demonstrated and progressively responsible financial management experience is preferred;
Public pension system accounting experience or investment banking, cash management, treasury and/or trust accounting is preferred;
State of Texas online accounting systems experience (CAPPS and USAS) is preferred;
State agency accounting and financial operations experience, including experience in preparing the Annual Financial Report (AFR) is preferred.
The Texas Emergency Services Retirement System (TESRS) is the defined benefit public pension plan for Texas volunteer firefighters other volunteer emergency services personnel. The Plan is administered by the TESRS state agency.