Job & Business Opportunities

Job Summary

This classification is responsible for ensuring a unified financial picture for the District. The Chief Financial Officer provides direction and management over the accounting, revenue, grant accounting/fixed assets, budgeting and business analysis & reporting functions as well as other assigned areas of responsibility.

Supervision

Supervision Received: N/A

Supervision Exercised: N/A

Distinguishing Characteristics

N/A

Essential Functions

Under administrative direction, plans, organizes, directs and coordinates the District’s accounting, budgeting, revenue, grant accounting/fixed assets, budgeting and business analysis and reporting functions. The Chief Financial Officer represents the General Manager in a variety of capacities as assigned and serves as a member of various teams and committees. Provides overall direction for the District’s finances. In addition to the more traditional accounting and transaction-oriented activities, performs strategic analysis and financial projections. Develops an overall financial plan for the district and provides high-level financial analysis (including sensitivity and risk assessment) consistent with the District’s future vision and long-range plans. Develops a comprehensive multi-year capital program budget, including well-defined asset replacement projections and ensures connection between service planning and annual budgeting. Also formulates policies, procedures and practices for the assigned functional areas within the Finance Division and makes recommendations to the General Manager and the Board.

When assigned the accounting function, plans, organizes, directs and coordinates the full range of activities related to general ledger, accounts payable, cash management, payroll, and accounts receivable. For accounts payable, assures the timely payment of all invoices and claims, the tracking of the District’s liability on a daily basis and the forecasting of future payment amounts and due dates. For cash management, oversees cash flow analysis and the District’s investment account. When involved with accounts receivable, directs staff in the accounting and depositing of the District’s money. For payroll, assures the timely payment of RT staff.

When assigned the revenue functional area, the Chief Financial Officer plans, organizes, directs and coordinates the collection and recording of any cash revenue for RT including daily cash collection from fare boxes and fare vending machines. Also directs activities in revenue analysis and reconciliation with ridership counts.

When assigned the grant accounting/fixed assets function, plans, organizes, directs and coordinates the accounting for and reporting on all grant revenue and expenditures, and the physical tracking and accounting of fixed assets. When assigned the budgeting function, plans, organizes, directs and coordinates the full-range of budgeting activities including the development of both the operating and capital budgets (annual; multi-year) and (with Business Analysis and Reporting) financial forecasting scenarios. Responsibilities also include overseeing the development of a comprehensive capital improvement program, the identification of grant opportunities, writing federal, state and local grant applications, approving grant allocations for RT divisions/departments and tracking grant expenditures.

When assigned the business analysis and reporting function, plans, organizes, directs and coordinates the full-range of analysis and reporting activities including performing RT business analysis and overall financial performance monitoring. Also included is the development and analysis of fare policy, debt financing, leasing, and future year financial forecasting; and overseeing the development and administration of external and internal reporting, including but not limited to NTD Reports, federal and state triennial reviews, PUC reports, quarterly reporting, and monthly management reports. This function conducts special projects as required and chairs the Fare Policy Committee.

The Chief Financial Officer represents the District at national, state and local conferences. The CFO consults with other government agencies, the business community and private organizations to explore new ideas and resolve issues; establishes and maintains an effective system of communications throughout the organization; and performs related duties as assigned.

Job Demands

Physical and Mental Requirements:
Work is primarily performed in an indoor setting for eight hours per day. Physical effort is needed to lift and carry office materials and displays.

• Mobility is needed to attend various meetings.


• Basic communication skills such as talking, seeing, and hearing are needed for frequent telephone usage and oral presentations.


• Patience and persuasiveness are needed when interacting with others.


• Must have the ability to work in a fast-paced environment and meet deadlines.


• Must have excellent verbal aptitude and public speaking ability.


• Necessary aptitudes include understanding instructions, numerical ability, form and clerical perception, precision problem solving, initiative, analytical ability, memory, concentration, and judgment.


• May be required to travel and work beyond normal work hours.

Knowledge and Abilities

Required Knowledge of:

• District’s policies, procedures and functions, and the laws, ordinances, rules, regulations and codes applicable to the functional areas assigned.


• Principles of management, supervision and training are also required.


• Budget development and administration are required as are interviewing and negotiation techniques.

• Plan, organize direct, coordinate and supervise work and staff engaged in the assigned functional areas is required.


• This individual will serve as an advisor to the General Manager/CEO and Board of Directors.


• The Chief Financial Officer must be able to gather, assemble, analyze and evaluate financial information and make strategic analyses and financial projections.


• The individual in this position must be able to interpret and apply laws, rules and regulations impacting the District’s finances.


• Other requirements include the ability to analyze and resolve a variety of complex administrative issues, communicate effectively, both orally and in writing and establish and maintain cooperative working relationships.


• In addition, this position requires the maintenance of comprehensive records and reports.

Minimum Qualifications — Any combination of education and experience that would likely provide the required knowledge and abilities is qualifying. A typical way to obtain the knowledge and abilities would be:

Required Prior Experience:
Ten years of progressively responsible management experience in public sector finance and accounting, preferably in the transit industry.

Required Prior Education:
A Bachelor’s Degree from an accredited college or university in Finance and Accounting; CPA preferred. Six years of additional qualifying experience may substitute for the required education.