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Vice President, Finance

3 months ago

Warwick, United States Rhode Island Airport Corp Full time

Summary: Maintains the integrity of financial information and facilitates the utilization of key financial measures in the decision-making process. Ensures compliance with all applicable federal, state, and local rules and regulations, as well as, the financial provisions on RIAC’s Master Indenture of Trust and Supplemental Indentures. Practices sound fiscal management to ensure operational efficiency and maintain a competitive cost structure. Balance the cash flow needs of RIAC to achieve healthy returns on investment while maintaining financial flexibility and conservative stewardship of corporate assets. Supports the Capital Improvement Program (CIP) to meet current and future infrastructure and operational needs through the strategic use of RIAC’s financial resources.

Essential Duties and Responsibilities:

include the following. Other duties may be assigned. Ensures the proper treatment of financial transactions for Accounts Payable, Accounts Receivable, Fixed Assets, Project Accounting, Invoicing and other accounting transactions to maintain the integrity of the financial statements. Perform technical accounting work, design, test and maintain a strong internal control environment, and provide technical guidance to staff including the interpretation and application of authoritative accounting pronouncements from the Governmental Accounting Standards Board (GASB) to ensure their proper reflection in RIAC’s financial statements. Manage the annual external audit process which includes two year comparative financials, management discussion and analysis, Single Audit requirements and a separate Passenger Facility Charge (PFC) audit. Develop and maintain annual operating budgets which include forecasted debt service coverage ratios, the impact of the Capital Improvement Plan (CIP) projects and headcount justifications. This includes meeting with Department Heads and Functional Managers to rationalize budget requests and consolidate information for RIAC’s budget. Maintain general ledger system on Oracle Financials, ABM, and AIMS including performing system administrator duties. Work with Program Management Team on CIP Program, including reconciling actual costs, cash flow, unbudgeted cost, accounting procedures and treatment. Insure the proper and timely deployment of RIAC resources for support of business initiatives and the Capital Improvement Program (CIP). This includes the development and execution of investment strategies for restricted and unrestricted funds to insure optimal flexibility. Review accounting policy and analyzing the effect of changes in accounting policy with auditor. Prepare compliance reports including Continuing Disclosure, analyses and discussions with Rating Agencies and State officials, and ad hoc projects for senior staff. Prepare quarterly financial statements and other financial reports as needed. Work with senior staff on various funding mechanisms for projects such as bonding, commercial paper, grants, and other creative funding sources. Signatory on bank accounts. Work with bank personnel on opening or closing accounts, electronic transfers, signature cards, etc. Other related duties as required. Supervisory Responsibilities:

Supervises the Assistant Vice President of Accounting and the Administrative Assistant II. Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactory. The requirements listed below are representative of the knowledge, skills and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Technical accounting guidance concerning the accounting treatment of the defeasance of debt and implementation of new standards can prove challenging. The application of technical knowledge to actual business reality requires creative and original thinking to achieve business objectives without sacrificing good internal controls and sound fiscal stewardship. Ability to develop and analyze planning and construction schedules and cash flows. Demonstrate strong analytical skills. Proficient in Microsoft Office Suite, including Excel, as well as a working knowledge of databases. Proficient in financial accounting software and preparation of financial statements. Demonstrate effective verbal and written communication skills. Knowledge of the FAA funding programs, including AIP and PFC required. Possess the ability to work with consultants, the FAA, permitting agencies, and other planning, engineering, architectural and environmental professionals. Ability to pass the required TSA background investigation and maintain as a condition of employment. Education/Experience: Bachelor’s Degree in Accounting or related field required. CPA license required. Minimum of ten (10) years of technical and supervisory experience at a commercial airport in a finance role. Physical Requirements:

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. Prolonged sitting. Use of a computer and viewing a monitor. Fingering ability to enter information on a keyboard for spreadsheets. Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Climate Controlled Office environment. Schedule:

Monday - Friday 8:00 A.M. - 5:00 P.M. The Rhode Island Airport Corporation is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws. This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and apprenticeship. Rhode Island Airport Corporation makes hiring decisions based solely on qualifications, merit, and business needs at the time. This organization welcomes and encourages applications from minorities, veterans, and persons with physical and mental disabilities, and will reasonably accommodate the needs of those persons in the application process. The decision to grant a reasonable accommodation request will be made on a case-by-case basis.

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