SUMMARY: Oversees all aspects of fiscal management of the MCCA, including policies, controls, accounting, treasury activities, and financial reporting, planning, and forecasting. Provides strategic leadership, financial perspective, and active contribution to management decisions. Actively works with all departments to drive the mission of the Authority. The CFO is a key member of the senior management team and staff resource to the Board of Directors and its AF&P Subcommittee.
ESSENTIAL DUTIES & RESPONSIBILITIES: The Authority's Executive Director may designate various other activities. The following statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time for any reason, including reasonable accommodation.
Corporate Governance
- Works closely with the Executive Director and other members of the senior management team to ensure achievement of Board-stated goals & priorities.
- Maintains accountability, integrity, and openness in the conduct of the MCCA's business.
- Effective links and communication between MCCA stakeholders.
Finance Policy, Control & Compliance
- Defines and communicates MCCA finance policy in accordance with sound business practice and Board/senior management directives.
- Institutes internal control systems designed to ensure protection of assets, accurate accounting of business activities, and effective adherence to operational plans.
- Responsible for compliance with internal policies and procedures, fiscal statutory obligations, and contractual commitments.
Management of Finance Department Staff
- Fosters a collaborative and inclusive work environment.
- Directs the activities and evaluates the performance of the Finance Department staff.
- Ensures a fair and appropriate assignment of responsibilities within the department.
- In support of the Director of Finance, responsible for keeping the Finance staff at the highest level of skill necessary to meet MCCA needs and objectives.
- Ensures staff are able to meet tight deadlines particularly during the fiscal year-end close, fiscal year opening, and annual audit.
Accounting & Financial Reporting
- Responsible for the proper maintenance of MCCA's fiscal accounts and preparation of its financial statements in accordance with US generally accepted accounting principles (GAAP).
- Manages the relationship and oversees high-level planning with outside auditors.
- Ensures timely submission of financial reports to external constituents, including the Board of Directors, State Comptroller's Office and the Executive Office for Administration & Finance.
- Serves as the primary point of contact for various State Offices and Departments.
- Works with the CFO of the Executive Office for Administration and Finance and the Office of the State Treasurer and Receiver General to prepare annual certifications required by bond covenants.
- Serves as the Authority's representative in updating the Commonwealth's information statements and bond disclosure documents, including signing required 10b-5 letters.
Strategic Planning
- Works closely with senior management to envision MCCA's future and develop a roadmap of strategies, goals, objectives, and action plans to achieve that future.
- Helps to understand the strategic fit between MCCA's goals and capabilities and its changing market opportunities.
- Participates in the development of MCCA's mid – long-range business plans.
- Develops financial plans that link the MCCA's strategic mission to measurable financial goals.
- Drives innovative thinking regarding alternative future revenue streams and explores new business opportunities, as they arise.
- Champions business performance management strategies, including leading and lagging measures to be used by senior management to support business decisions.
Operational Planning & Analysis
- Responsible for preparation of the MCCA's annual operations and capital budgets.
- Directs the study and on-going measurement of local economic impact derived from MCCA properties and operations. Provides thought leadership, financial models, and frameworks to drive key functional decisions including but not limited to pricing and sales compensation.
- Review proposed changes to Event License Agreements to minimize risks to Authority while maximizing the opportunities for events at the Authority's venues.
Treasury & Capital Management
- Establishes and maintains banking relationships.
- Responsible for cash management and short-term and long-term investing.
- Responsible for fiscal management of all long-term capital projects, including oversight of budgeting and spending.
- Directs all long-range capital planning and investing activities.
- Works with fiscal agencies of the Commonwealth to develop long term financing strategies to meet future capital and operating needs of the MCCA.
- Ensures that operating and restricted funds are used in accordance with legislative, contractual, Board, and regulatory requirements.
- Manage all activities of the Authority's pension and OPEB trust funds and serve as the secretary of the pension and OPEB Board.
Contract Negotiations
- Participates actively in negotiations for all significant contracts including but not limited to revenue generating and union agreements.
Other duties as deemed necessary and/or as assigned.
SUPERVISORY RESPONSIBILITIES: Manages all employees in the Finance Department. Is responsible for the overall direction, coordination, and evaluation of this unit. Carries out supervisory responsibilities in accordance with the MCCA's policies and applicable laws.
KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION/EXPERIENCE: CPA and/or MBA with 7-10 years managerial experience, or equivalent combination of education and work experience.
- High moral and ethical standards along with strict adherence to confidentiality is of utmost importance considering the position's access to all financial information of the Authority, including payroll.
- Demonstrates track of increasing responsibilities in governmental or non-profit agencies.
- In depth knowledge of the geopolitical environment and the ability to relate that knowledge to organizational priorities and activities.
- Strong leader with a collaborative working style and the ability to motivate a diverse team.
- Creative self-starter and problem-solver with a keen sense of the big picture.
- Excellent verbal and written communication skills.
- Excellent planning, analytical, and organizational skills.
- Excellent time management skills.
- Extensive knowledge of Massachusetts State Finance Law.
- Demonstrated knowledge of Governmental Accounting Standards Board (GASB) Statements and experience implementing and/or auditing said standards.
- Ability to prepare, review and analyze governmental financial statements and present results to a wide range of stakeholders with varying backgrounds.
PHYSICAL DEMANDS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
WORK SCHEDULE: The work schedule for this position typically involves whatever hours are necessary to complete the job. The hours and days may fluctuate based upon the needs of a particular event or project, which would require the ability to work a flexible schedule including late nights, early mornings, long days, weekends and holidays.
DRESS CODE: In order to project dignity and decorum expected by the public, appropriate dress and good grooming are expected of all employees.
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