Chief Financial Officer

Reports to: President/CEO

Status: Regular, Full-time, Exempt

Location: Anchorage, AK

JOB SUMMARY: The purpose of the CFO is to provide leadership to the accounting staff within the Corporation and its subsidiaries, as well as guidance and counsel to the President/CEO and Board of Directors on all financial matters.  The CFO is to direct the fiscal functions of the Corporation in accordance with generally accepted accounting principles issued by the Financial Accounting Standards Board and other regulatory and advisory organizations and in accordance with financial management techniques and practices appropriate within the industry.

The CFO must work closely and effectively with the President/CEO, the Board of Directors, COO, CAO, many different levels of executives at the Corporation and its subsidiaries, external stakeholders, and the community. The CFO will have a dotted line reporting relationship with the Board of Directors.  He or she must manage a number of critical external relationships including banking/creditors, co-investors, external auditors, government agencies, insurance, and other service providers.  He or she must exhibit well developed communication, leadership, and problem-solving skills by successfully working with a broad range of stakeholders outside of the CFO’s direct line of reporting, including subsidiary personnel, clients, regulatory authorities, and employees of other departments.

The CFO is an integral part of a company's financial future through participation in developing and implementing strategy; development and measurement of quantifiable strategy goals; and advocating growth and innovation.  The CFO must be able to identify and effectively communicate the strengths and weakness of the company and its subsidiaries and how the company can capitalize on this information.  He or she must also continuously assess the potential economic, systematic and execution risks of each activity of the company.  He or she must foster an environment of transparency, have an open-door policy, promote open communication and collaboration, provide mentoring, and support cross-training at all levels including his or her duties to minimize business disruption and ensure continuity. 

PRIMARY RESPONSIBILITIES

• Embrace the mission of TAC to promote economic, cultural, and social growth for its shareholders. 
• Plan, develop, organize, implement, direct, and evaluate the Corporation's fiscal function and performance.
• Ensure proper reporting of a number of very complex accounting issues in each of the following critical areas:

• Compliance with GAAP, FASB, some SEC reporting requirements
• Government contracting – compliance with FAR, CAS, DCAA and other government accounting requirements.
• Revenue recognition for construction and service contracts including capitalization of associated costs.
• Lessor/Lessee Accounting.
• Accounting for royalty interests.
• Accounting for 7(i) receipts, expenditures, and payments.
• Accounting for Deferred Taxes.
• Reporting and valuation of Intangible assets.
• Reporting depletion expenses for both financial and tax purposes.

• Ensure internal controls are in place which provide for reliable financial reporting, effective and efficient operations, and compliance throughout the Corporation and its subsidiaries.
• Monitor the internal control environment for weaknesses and implement changes to strengthen controls as needed.  
• Participate in the development of the Corporation's plans and programs as a strategic partner.
• Evaluate and advise on the impact of long-range planning, introduction of new programs/strategies/investments, and regulatory action.
• Assess organizational performance against both the annual budget and the long-term strategic plan.
• Provide appropriate measurements to track progress against the strategic plan goals and provide reports indicating performance and forecasting achievement the plan. 
• Develop credibility for the finance group by providing timely and accurate analysis of budgets, financial reports, and financial trends in order to assist the President/CEO, the Board, and other senior executives in performing their responsibilities.
• Provide direct supervision of the controller and indirect supervision of all employees in the accounting and finance department.
• Provide dotted-line supervision to subsidiary CFO’s including establishing annual goals and evaluating performance.  
• Enhance and/or develop, implement, and enforce policies and procedures of the organization by way of systems that will improve the overall operation and effectiveness of the Corporation.
• Establish credibility throughout the Corporation and with the Board as an effective developer of solutions to business challenges.
• Provide technical financial advice and knowledge to others within the financial discipline.
• Continual improvement of the budgeting and forecasting process through education of department managers on financial issues impacting department budgets.
• Provide strategic financial input and leadership on decision making issues affecting the organization, i.e., evaluation of potential alliances acquisitions and/or mergers and pension funds and investments.
• Analyze impact of establishing G&A allocations to subsidiaries that do not impair competitiveness.
• Optimize the handling of bank and deposit relationships and initiate appropriate strategies to enhance cash position.
• Develop a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs.
• Establish and supervise credit granting and collections policies, including special arrangements that require legal counsel.
• Responsible for reviewing and approving contract terms impacting the financial position of the Corporation or its subsidiaries that meet established criteria.
• Be an advisor from the financial perspective on any contracts into which the Corporation may enter.
• Evaluate the finance division structure and team plan throughout the Corporation, with a goal of continual improvement of the efficiency and effectiveness of the group as well as provide individuals with professional and personal growth with emphasis on opportunities (where possible).
• Establish and maintain relationships outside of TAC that are in the interest of the Corporation as well as represent TAC at official functions when appropriate.

KNOWLEDGE, SKILLS AND ABILITIES

• Superior communication skills, both oral and written.
  • Ability to communicate openly, accept input from and give constructive feedback to team members of all levels.
  • Ability to communicate effectively with listeners with varying degrees of technical expertise across many lines of business knowledge.
  • Ability to negotiate with stakeholders.
  • Ability to have difficult conversations without creating undue stress on the organization.
• Proven commitment to act ethically and with integrity.
• Ability to motivate, lead and manage talent, direct staff efforts, and resolve personnel issues.
• Considerable knowledge of and proven skills in financial accounting principles and practices, financial controls and audits, contracts and negotiation, general business management and administration, and property and investment principles and practices.
• Business Acumen: Strong analytical skills in order to review, evaluate, and make sound business decisions as to both conceptual and specific ideas and programs, including application of complex financial information.
• Willingness and ability to share skills and knowledge with others.
• Proven ability to lead in a culturally diverse organization, with awareness of and sensitivity to multicultural issues.
• Proven ability to exercise good judgment and function calmly, respectfully, and effectively in stressful and sometimes complex, ambiguous situations.
• Ability to solve problems effectively and diplomatically.
• Ability to think, plan, lead, and act strategically, adapt to change, and make difficult decisions with confidence.
• Ability to collaborate with management, staff, and board members.
• Willingness to trust, respect, support and build good relationships with fellow team members at all levels.
• Knowledge of the Alaska Native Claims Settlement Act; local, state, and federal laws and regulations affecting Alaska Native corporations; and familiarity with policies and practices of Alaska Native corporations.
• Approximately 20-30% travel time required.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

MINIMUM QUALIFICATIONS

1. Bachelor’s or graduate degree in finance, accounting, business administration, or related field.
2. Ten (10) years as a CFO and/or Controller; or equivalent positions.
3. CPA designation or significant audit experience.

PREFERRED QUALIFICATIONS

1. Prior experience in government/industrial professional services (including government contracting), oil and gas, or related industries.
2. Strong knowledge of complex accounting systems; Deltek Costpoint and Sage Intact.
3. Experience in directing and managing significant change initiatives from a corporate level.

The Aleut Corporation is an Equal Opportunity Employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.