Chief Financial Officer

Category: Jobs

The Chief Financial Officer (CFO) oversees accounting and administrative services which includes budget, financial services, general ledger, and employer reporting. The CFO is responsible for coordination and completion of the annual financial audit, the Annual Comprehensive Financial Report (ACFR), the Popular Annual Financial Report (PAFR), and the GASB 67 and 68 reporting for the New Mexico Educational Retirement Board (NMERB). This position supervises and serves as backup for three full time employees.

The CFO must ensure that NMERB follows the Model Accounting Practices (MAPs), established by the Department of Finance and Administration’s (DFA) Financial Control Division (FCD). Also, the assurance and compliance with Office of the State Auditor’s (OSA) Audit Rule, and Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB).

The CFO monitors and controls NMERB’s accounting functions. It is the CFO’s responsibility to ensure the following.
• An internal control structure exists at NMERB and is functioning properly.
• All transactions are recorded daily in the accounting records.
• All transactions are properly classified in the NMERB’s records.
• Cash account records are reconciled timely each month to DFA’s FCD reports and to the State Treasurer’s reports.
• All transactions comply with federal and state law.
• All expenditures have a public benefit or purpose, are necessary, and are consistent with the appropriation, the expenditure authority from the legislature and comply with Section 6-5-3 NMSA 1978, as amended.
• All accounting systems, including subsidiary systems, are recording transactions timely, completely, and accurately.
• All payments to vendors are accurate, timely and that NMERB has certified they are for services rendered or goods received in accordance with Section 13-1-158 NMSA 1978, as amended.
• All information requested by DFA’s FCD from the NMERB is provided timely and accurately.
• All reporting of financial information must be timely, complete and accurate, to the NMERB’s management and to oversight agencies and entities.
• NMERB’s annual financial statement audit is completed by the deadline established by the OSA and the audit report includes an unqualified opinion.
• A budgetary control system, approved by the DFA’s State Budget Division, is in place and functioning.

The position is assigned to NMERB’s Santa Fe office. Pre-employment background investigation is required and is conditional pending results. Occasional travel and attendance at our bi-monthly Board meetings is required.

The New Mexico Educational Retirement Board (NMERB), an independent statutory agency of the State of New Mexico. This position reports to the Deputy Director and is subject to applicable policies as they pertain to Governors exempt employees and conditions outlined by the Board.

Application Process: Interested candidates should submit a cover letter, transcripts and resume to Melinda Garcia, HR Director, at melinda.garcia@erb.nm.gov.

Salary Range is $140,000 to $170,000 annually. Salary will be based on education and experience.

Applications will be accepted on a continuous basis until the position is filled.

THE NEW MEXICO EDUCATIONAL RETIREMENT BOARD IS AN EQUAL OPPORTUNITY

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