Overview
Chief Financial and Operating Officer Jobs in Regina, SK at Government of Saskatchewan
Full job description
Chief Financial and Operating Officer-EXE001957
Employment Type:Permanent Full-time
Location(s):SK-Rgna-Regina
Ministry:003 Justice
Salary Range:$9,383-$12,198 Monthly
Grade:MCP.10.
The Public Guardian and Trustee (PGT) operates under provincial legislation to protect the financial and legal interests of minors; manage the financial, property and legal interests of adults who are incapable of managing their own affairs; investigate allegations of financial abuse of vulnerable people; and administer the estates of deceased persons. The PGT’s services extend to clients resident throughout the province.
The PGT is responsible for about $285 million of client assets held in trust and trust receipts and disbursements of $145 million annually. The PGT must observe prudent business practices and is bound by fiduciary principles.
Reporting to the PGT, the Chief Financial and Operating Officer works with considerable independence and exerts significant influence across the organization by providing strategic direction and advice to the PGT and Management Team on matters related to the following responsibilities:
Financial Accounting and Reporting.The preparation and fair presentation of annual financial statements for the estates and trusts administered by the PGT in accordance with Canadian public sector accounting standards, including the statement of financial position, statement of operations, statement of remeasurement gains and losses and statement of cash flows for the year then ended. Serves as the organization’s expert on accounting issues including the interpretation of accounting standards. Serves as the main contact for the Provincial Auditor’s Office and the Provincial Comptroller’s Office.
Client Financial Services.The day-to-day management of client financial services involving tens of thousands of financial transactions (receipts and disbursements) annually. Responsible for the design and maintenance of effective internal controls and standards to protect the security and integrity of client assets and minimize to the maximum extent possible any potential for fraud or error. Responsible for the integrity of computerized financial systems that process income and receipts, produce payments, distribute investment income, record asset sales and make cash distributions to clients.
Investment Services.Overseeing investment management processes for (i) client funds held in a balanced portfolio of fixed income, Canadian equity, US equity and international equity assets (the Common Fund) and (ii) separate investment portfolios held on behalf of individual clients. Responsible for monitoring the performance of the PGT’s external investment managers and investment consultant. Plays a key leadership role on the PGT’s Investment Advisory Committee.
Tax Services. The preparation of the tax return for the Common Fund, annual tax slips for investment income distributed to clients and tax withholdings for non-resident clients. Overall responsibility for client tax services, including staff and contract resources preparing approximately 1600 tax returns annually for adult clients, deceased estates and trusts.
Field Services. Managing client field services to identify, inventory and secure clients’ assets and deal with assets appropriately. This includes field services related to the sale or lease of real property and other assets. Maintenance of appropriate controls to ensure the security o…
Title: Chief Financial and Operating Officer
Company: Government of Saskatchewan
Location: Regina, SK
Category:
