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Chattanooga Area Regional Transportation Authority · 9 hours ago

Director of Finance

Chattanooga, TN

Full-time

Onsite

Lead/Staff, Director/Executive

$85K/yr - $95K/yr

5+ years exp

The Chattanooga Area Regional Transportation Authority (CARTA) is seeking a Director of Finance to manage the financial operations of the organization. This role involves overseeing accounting functions, financial reporting, budgeting, grants management, and ensuring compliance with regulations while providing leadership to the Finance Department.

Public TransportationTransportation

Hiring Manager

Jeanine M.

Responsibilities

Prepare and review financial statements, reports, and reconciliations in compliance with Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB) regulations

Lead the monthly close process including the review and preparation of journal entries, account reconciliations and supporting documentation

Prepare the balance sheet, income statement, statement of cash flows and perform budget versus actual comparisons

Ensure compliance with all federal, state, and local regulatory requirements, including FTA regulations

Assist in the development of the annual budget and long-term financial plans, including operating and capital budgets

Maintain and update cash flow projections

Analyze budget variances and provide actionable insights to management

Monitor and manage grant funding, ensuring accurate accounting and compliance with grant requirements

Prepare financial reports for grantors and participate in grant audits as needed

Oversee the accounts payable and receivable processes, ensuring timely and accurate processing of transactions

Reconcile accounts and resolve discrepancies in a timely manner

Oversee the payroll processes, ensuring timely and accurate transactions

Acts as backup to the Payroll Administrator

Develop, implement, and monitor internal controls to safeguard assets and ensure accurate financial reporting

Coordinate with external auditors during the annual audit and implement audit recommendations

Supervise and mentor junior accounting staff, providing guidance and fostering professional development

Collaborate with other departments to support overall financial management and reporting needs

Maintain and improve accounting systems and processes, ensuring they meet the organization’s evolving needs

Oversee the implementation of financial software upgrades and training for the finance team

Identify and pursue automation and process improvement initiatives to optimize the finance and accounting function of the organization, reduce costs, accelerate time to close, and reduce process errors

Qualification

GAAPGASBFinancial ReportingBudgetingCPACMANetSuiteData AnalysisMicrosoft OfficeLeadershipCommunicationProblem-SolvingOrganizational Skills

Required

Bachelor's degree in accounting, Finance, or a related field required

Minimum of 5 years of accounting experience, with at least 3 years in a supervisory or leadership role, preferably in a public transit agency or governmental organization

Demonstrated experience in financial reporting, budgeting, and internal controls

Strong understanding of GAAP, GASB, and other relevant accounting standards

Proficient in accounting software and Microsoft Office Suite, particularly Excel

Proficient in financial reporting, general ledger, and payroll systems

Excellent analytical, organizational, and problem-solving skills

Strong leadership and communication skills with the ability to work collaboratively across departments