Chief Financial Officer (DOT Executive VIII)
About The Position
The Chief Financial Officer (CFO) is responsible for ensuring the organization’s overall financial health and stability that allows for the delivery of major transportation infrastructure that are key to Maryland’s economy and its residents’ and visitors’ quality of life. This C-Suite position is the authority on financial matters and internal controls. This position mitigates risks and collaborates with MDTA Board Members, the Executive Director and other Chief Officers on the agency’s strategic goals, priorities, and mission. The CFO is a key executive who supports the MDTA’s tolling program and preservation of revenue. The CFO provides executive oversight of the MDTA’s Divisions of Finance, Partnerships and Finance Administration, and Procurement. Collectively, these Divisions are responsible for activities such as: Preparing Annual Comprehensive Financial Reports, financial forecasts and scenario analyses affecting toll revenue, capital and operating budgets, debt affordability, and toll rate proposals; Directing, managing and/or monitoring the inflow and outflow of funds, including its $1 billion investment portfolio; $2 billion debt portfolio, annual $440 million operating budget, and annual $800 million toll revenue attainment; Providing accountability for the Board Finance and Administration Committee agendas, materials, and presentations to the MDTA Board members, and all budgetary and financial-related materials presented to various legislative committees and fiscal notes for all proposed legislation affecting the MDTA; Procuring services, information technology, architectural and engineering, construction, commodities, and maintenance contracts valued at $300 million annually; Ensuring compliance with all financial and procurement statutes, regulations, control directives, best practices, and trust agreements with bondholders and the travel plaza public-private partnership (P3); Collaborating with the Division of Operations on tolling activity and toll revenue assurance; Coordinating the receipt of federal funds and development of future Public Private Partnerships (P3s); Securing third-party insurance and recovery of damage caused by drivers; and Safeguarding materials and supplies inventory and fixed assets.
Requirements
- Bachelor’s degree from an accredited college or university in Finance, Accounting, Business Administration, Economics, Public Administration, or a related field.
- Ten years of progressively responsible experience in financial management, accounting, budgeting, treasury, debt management, procurement, or related fields.
- Five years of executive or senior management experience overseeing multiple financial functions, such as budgeting, revenue management, procurement, and financial forecasting.
Nice To Haves
- Certified Public Accountant (CPA) with experience in a high-level management position
- Master’s Degree in Accounting, Business Administration, Finance, or Economics
- Experience in revenue bond issuance, refunding, debt management, and credit rating agencies interactions, including compliance with trust agreements and reporting requirements
- Experience evaluating and implementing revenue adjustments, forecasting revenue impacts, and working with stakeholders on policy decisions
- Strong understanding of and experience in enterprise risk management, including managing a strong internal control environment
- Proven executive-level experience in an organization leading the evolution of the finance function, building relationships, and cultivating strategic influence
Responsibilities
- Preparing Annual Comprehensive Financial Reports, financial forecasts and scenario analyses affecting toll revenue, capital and operating budgets, debt affordability, and toll rate proposals
- Directing, managing and/or monitoring the inflow and outflow of funds, including its $1 billion investment portfolio; $2 billion debt portfolio, annual $440 million operating budget, and annual $800 million toll revenue attainment
- Providing accountability for the Board Finance and Administration Committee agendas, materials, and presentations to the MDTA Board members, and all budgetary and financial-related materials presented to various legislative committees and fiscal notes for all proposed legislation affecting the MDTA
- Procuring services, information technology, architectural and engineering, construction, commodities, and maintenance contracts valued at $300 million annually
- Ensuring compliance with all financial and procurement statutes, regulations, control directives, best practices, and trust agreements with bondholders and the travel plaza public-private partnership (P3)
- Collaborating with the Division of Operations on tolling activity and toll revenue assurance
- Coordinating the receipt of federal funds and development of future Public Private Partnerships (P3s)
- Securing third-party insurance and recovery of damage caused by drivers
- Safeguarding materials and supplies inventory and fixed assets
Benefits
- minimum of 11 paid holidays
- minimum of 27 days of leave annually (personal, vacation, and sick)
- access to the State Pension System
- deferred compensation plans
- excellent health, dental, and vision plans
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What This Job Offers
Job Type
Full-time
Career Level
Executive
