This District of Columbia Retirement Board (“DCRB”) is seeking a Controller to collaborate with the Chief Financial Officer (CFO) in administering the financial affairs and accounting operations of DCRB. This position manages the day-to-day accounting operations, manages the activities of a small accounting staff, and reports directly to the CFO.
Manage the activities of the accounting staff to ensure the accurate and timely dissemination of information. This includes, but is not limited to, internal and external monthly financial statements, annual audits, and annual budgets. This also includes the production of accurate and timely financial statements, billing, and account statements.
Ensure accurate, complete and timely recording of all transactions, in compliance with applicable standards and regulations.
Identify and implement opportunities to improve accounting department efficiency and maintains internal controls.
Confer with external auditor, investment managers, custodian, and actuary on complex financial and accounting issues.
Perform portfolio accounting and analysis for diverse asset classes, complete partnership accounting for a variety of investment management accounts, analyze fee agreements, and recalculate the fees and costs calculated quarterly (primarily in arrears) associated with certain DCRB investments.
In conjunction with the Investment department, track and record cash distributions, wire transfers, and manager fee payments.
Maintain systems and controls that verify the integrity of all systems, processes, and data, and that enhance the agency’s value. Work with the CFO to implement new controls and procedures, where necessary.
Develop automated processes and reconciliations for various Investment Accounting functions. Identify opportunities and make recommendations to gain efficiencies and integrate processes where applicable. Manage Investment Accounting requirements for monthly close and the year-end closing process.
Respond to the CFO with accurate and timely work to facilitate the agency’s financial needs and fiscal soundness.
Direct the preparation of the Comprehensive Annual Financial Report and the Popular Annual Financial Report (PAFR).
Become ultimately responsible for directly managing the Finance staff.
KNOWLEDGE, SKILLS AND ABILITIES
Thorough knowledge of and ability to apply general accepted accounting principles; working knowledge of GASB pension standards.
Experience with accurate and timely processing of investment activity and analysis of investment fees.
Familiar with actuarial principles and practices regarding public pension plans.
Ability to make decisions and operate independently with respect to complex issues and business requirements with a high degree of exposure.
Operational leadership and management skills, strong work ethic and commitment, integrity and honesty.
Strong interpersonal and communication skills, including the ability to write clearly, succinctly, and effectively with a wide range of constituencies in a diverse community.
Competence in managing multiple projects simultaneously with a strong results/goal orientation.
Skill in organizing resources, managing projects, and establishing priorities.
Ability to work closely with others as part of a team while being able to take full responsibility for outcomes.
Analytical; ability to use rigorous logic and methods to solve difficult problems with effective solutions.
Problem solving—identifies and resolve problems in a timely manner; has creative problem-solving skills, initiative, and follow-through to continually assess processes.
Oral communication—speaks clearly and persuasively, delivers group presentations and conducts meetings effectively.
Delegation—delegates work assignments, gives authority to work independently, sets expectations, and monitors delegated activities.
Management skills—includes staff in planning, decision-making, facilitating and process improvement; makes self available to staff; provides regular performance feedback; and develops subordinates’ skills and encourages growth.
Quality management—looks for ways to improve and promote quality, and demonstrates accuracy and thoroughness.
Judgment—displays willingness to make decisions, exhibits sound and accurate judgment, and makes timely decisions.
Bachelor’s degree in Finance or Accounting.
10 years of progressive, related experience, preferably in the pension industry, public sector accounting, or relevant areas.
Must be a licensed CPA, and must maintain its certification through continuing professional education.
Extensive knowledge of the Microsoft Office suite of products, especially Excel and PowerPoint, is required.
Knowledge of general ledger systems, accounting applications and software; experience in, or knowledge of, Microsoft Dynamics GP and Paramount Technologies Workplace is preferred. Knowledge of procure-to-pay systems a plus.
Experience in accounting for diversified institutional investment portfolios.
Proven supervisory experience.
About DC Retirement Board
The District of Columbia Retirement Board (DCRB) is an independent agency of the District of Columbia Government. Our mission is to manage and control the assets (totaling approximately $8.2 billion) of the District of Columbia Police Officers' and Firefighters' Retirement Fund and the District of Columbia Teachers' Retirement Fund (collectively referred to as the Fund), as well as to administer retirement benefits for the members of the District of Columbia Police Officers’ and Firefighters’ Retirement Plan and the District of Columbia Teachers’ Retirement Plan.
Beyond pension asset management, DCRB also is responsible for administering the retirement benefits for the more than 26,000 members and retirees of the plans. The agency is governed by a Board of Trustees, with representation from the District’s police, teacher, and firefighter constituencies.
Located in downtown, Washington, D.C., the agency is easily accessible via the city’s Metro system, which covers the city, as well as the nearby suburbs of Maryland and Northern Virginia. DCRB currently employs a professional staff of fewer than 100, offers market-competitive pay, and provides a wide range of employee health, insurance, retirement, and fringe benefits.