The Chief Financial Officer Directs the organization's financial planning and accounting practices as well as its relationship with lending institutions, shareholders, and the financial community by performing the following duties personally or through subordinate managers.
Essential Duties and Responsibilities:
Directs the Comptroller in providing and directing procedures and systems necessary to maintain proper records and afford adequate accounting controls and services
Appraises the organization's financial position and issues periodic financial and operating reports.
Presents financial and budgetary reports to the Executive Director and Governing Board as necessary
Directs and coordinates the establishment of budget programs.
Analyzes, consolidates, and directs all cost accounting procedures together with other statistical and routine reports.
Directs and analyzes studies of general economic, business, and financial conditions and their impact on the organization's policies and operations.
Represents the Authority in transactions with the trustees, fiscal agents and others in negotiating bond financing including preparation of supporting financial statements
Determines how much money the Authority should have in demand accounts and invests money to obtain the best return for the Authority
Makes financial and budgetary reports to the Executive Director and Governing Board as necessary
Serves as Acting Executive Director as designated
Required Knowledge, Skills & Abilities:
Thorough knowledge of financial management and economic principles, practices and procedures and their application to the Authority’s financial and economic problems
Considerable knowledge of budgeting and accounting principles and practices especially as they relate to utility activities
Knowledge of the principles of supervision and modern business administration
Ability to apply research methods and techniques to complex problems of public finance
Ability to plan, outline and review the work of professional and administrative personnel engaged in financial and administrative activities
Ability to present problems or results of studies and investigations effectively in written, oral or graphic form
Ability to supervise and evaluate the activities of professional and technical problems
The Virgin Islands Water and Power Authority (WAPA) is an autonomous agency of the Virgin Islands Government which uniquely provides reliable, affordable, and diversified utility services through knowledgeable and committed personnel and environmentally friendly technologies. WAPA was created by the Fifth Legislature of the Virgin Islands in 1964 through Act No. 1248. The enabling legislation has been amended to add the responsibility of installing and maintaining street lights to the utility’s mission. In later years, the responsibility for the production and distribution of drinking water was also added. Today, WAPA produces electrical power at plants on St. Thomas and St. Croix and distributes electrical service through smart grids to customers on St. Thomas, St. Croix, St. John, Hassel Island, and Water Island.