Executive Vice President, Chief Financial and Risk Officer

Company: Capital Metro
Location: Austin
Posted on: April 10, 2021

Job Description:

Executive Vice President, Chief Financial and Risk Officer Executive Vice President, Chief Financial and Risk Officer
(For consideration, please contact Gregg Moser at gmoser@kapartners.com) The Executive Vice President, Chief Financial and Risk Officer (CFO/CRO) is a highly responsible executive leadership position that reports directly to the President/CEO. This position will serve as the top financial executive for the organization and is accountable for Capital Metro's financial controls, systems and processes. The scope of responsibilities include direct, manage, supervise, coordinate, and strategic leadership of all facets of fiscal management, including long range financial planning, financial analysis, policy development, forecasting, budget preparation and monitoring, investment and cash management, grants administration, debt management, accounting, implementation and maintenance of financial control systems and risk management. This position will play a strategic role in positioning the organization and region to fund construction, operation, and maintenance of a world class regional transportation system. Additionally, this position will oversee the Information Technology Department which has a significant amount of enterprise responsibility for corporate systems as well as customer facing technology. This role will oversee and collaborate with the Chief Information Officer to develop and implement technology components of Capital Metro's strategic plan and capital investment plan. This position is responsible for implementing and overseeing an Enterprise Risk Management process and system so that risks related to Capital Metro's short- and long-range organizational management and development are structured in a holistic manner. This position will work in full collaboration with the Austin Transit Partnership (ATP) leadership team on the implementation of the Project Connect program. This includes partnership and coordination on financial agreements, strategic technology planning, grant applications and management, and budget planning. The CFO/CRO will provide strategic leadership with other members of the management team to plan for Capital Metro's organizational development as the agency prepares to significantly grow the size of staff, operations and responsibilities.--

PRIMARY RESPONSIBILITIES
---An integral member of the Senior Executive Team to ensure effective interfaces and integration of activities with other organizational units.
---Interact with management and Board of Directors to provide consultative support to planning initiatives thorough financial and management information analyses, reports, and recommendations, including communication of key financial information to senior management, the board of directors and the public at large.--
---Conduct (or identify external resources to conduct) comprehensive financial capacity analyses, including benchmarking and measuring debt capacity.
---Protect the Authority's financial assets through development and implementation of effective financial policies and procedures in accordance with standard accounting practices and applicable laws and regulations.
---Direct risk management staff and functions for Capital Metro, including insurance, loss control, and claims.
---Establish a holistic enterprise risk management system including ownership of an organizational risk register.
---Communicate financial information, such as key financial indicators and monthly financial reports, in a clear and concise manner for policy makers.
---Develop and implement recommendations for financial and investment strategies including formulation of short-, medium-, and long-range financial plans and debt strategies such as bonds and tax increment financing. Recommend revisions as needed to ensure availability of resources to achieve Authority's goals and timetables.
---Oversee the monitoring of complex financial analyses, research and develop innovative financing programs including public-private partnerships.
---Create, integrate, and evaluate the financial programs and supporting information systems of the Authority to include budgeting, accounting, payroll, grants administration, debt, investments, performance reporting, revenue and ridership reporting.
---Monitor capital financing transactions including the issuance, management and administration of revenue bonds, commercial paper, certificates of participation and derivative transactions.
---Seek alternative financing methods to maximize Authority assets such as grants, bonds, transportation toll credits, tax increment financing, and other available financing tools.
---Oversee the monitoring, maintenance and management of Authority investments to ensure maximum yields consistent with the Board approved Investment Policy.
---Develop and direct the implementation of effective organizational performance strategies designed to meet long- and short- range organizational goals and objectives.
---Provide oversight in the budget development process for the annual operating and capital budgets. Plans and directs the budget process to ensure correlation and coordination with the Authority's strategic plan. Monitors budget for variances and takes action to correct deficiencies. Maintain expenditures within budgetary constraints.
---Coordinate the preparation of financial statements, financial reports, special analyses and informational reports, and trend analysis. Present information to the Board and public. Provide oversight to the management of federal and state grant programs ensuring compliance with applicable rules and regulations. Develop strategies to maximize federal and state grant funding. Serves as principal liaison to grantor agencies.
---Manage the development of departmental business plans and budgets that support the organizational strategic goals.--
---Keep apprised of and ensures compliance with laws, regulations and financing methods that address the Authority's funding requirements and obligations.
---Serve as project champion, as needed on projects in support of the organizational strategic goals.
---Represent the authority at Boards and Commissions and with outside agencies, neighborhood associations, funding agencies, employees, other stakeholders and general public.
---Oversee and coordinate with the Chief Information Officer to ensure strategic planning, life cycle cost analysis and implementation of Information Technology programs.
---Partner to ensure the successful implementation of the Enterprise Resource Planning System, Datawarehouse, and other corporate systems as Capital Metro continues to digitalize its operations.--
---Provide strategic leadership and coordination with the CIO and COO on the deployment of customer facing technology systems with specific emphasizes on fare payment systems.--
---Review legislative proposals for potential financial impacts on the Authority.
---Responsible for ensuring departmental compliance with the agency's Emergency Response Plan.
---Support Capital Metropolitan Transportation Authority's Safety Management Systems (SMS) process by following safety and security policies, considering safety in every action and reporting safety and security concerns.
---Perform other duties as required and/or assigned.
RESPONSIBILITIES - SUPERVISOR AND/OR LEADERSHIP EXERCISED:--Manages department personnel by planning, scheduling, delegating and overseeing employee work assignments, authorizing, coordinating, and scheduling work with vendors and consultants, conducting personnel actions, develop goals, including, hiring and interviewing, and overseeing hiring, training, work assignments, and performance evaluations. This position will work closely with the Chief Financial Officer of the Austin Transit Partnership (ATP), the organization that is tasked with leading many of the Project Connect program projects. The CFO/CRO must collaborate and work in partnership with the ATP leadership in development of funding agreements, financial transactions, grant applications and management and other strategic program areas.--

EDUCATION AND EXPERIENCE:
---Master's degree from an accredited college or university in business or public administration, finance, accounting, or related field.
---Ten (10) years of progressively responsible experience in managing complex financial operations, including experience developing and maintaining internal financial controls, preparing budgets, analyzing organization-wide financial matters, writing financial reports, making formal presentations to governing boards, legislative entities, and community groups.
---Six (6) years' experience as either the principal or the deputy, in managing the financial affairs of a major public or private entity.
---Experience in alternative financing mechanisms.
---Certified Public Accountant (CPA) strongly preferred.

OR

An equivalent combination of education, experience, knowledge, skills, abilities, and other characteristics consistent with the required qualifications for 15 years total required education and experience.
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Preferred Experience:
Previous experience working for a large transit agency, Federal Transit Administration, financial consultant supporting transit agency leadership is preferred. Additionally, successful experience with USDOT and FTA grant programs, specifically Capital Investment Grant (CIG) program is desirable.--
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KNOWLEDGE, SKILLS AND ABILITIES:
---Comprehensive knowledge of finance, accounting, budgeting and cost control principles including Generally Accepted Accounting Principles (GAAP), Governmental Accounting Standards Board (GASB), and Financial Accounting Standards Board (FASB).
---Knowledge of Enterprise Resource Planning (ERP) Systems.
---Knowledge of federal financing regulations.
---Advanced interpersonal skills to effectively and sensitively communicate with all levels of management and non-management employees in a culturally diverse workforce when counseling and instructing staff, interpreting policies and procedures or interacting in meetings.
---Advanced interpersonal skills to effectively and sensitively communicate with politically, economically and culturally diverse stakeholders such as community groups, other governmental entities, vendors and contractors, when explaining technical and/or financial information.
---Knowledge of current best practices of leadership and management--
---Ability to manage and monitor work performance of a department including ability to:
o evaluate program and work objectives and effectiveness;
o establish broad organizational goals; and
o realign work and staffing assignments for the department.
---Ability to establish and maintain effective working relationships with Capital Metro staff, executive management, peers, community groups, outside agency partners, other governmental officials, the general public and media representatives.
---High level of analytical and creative skills and ability to find creative, imaginative or unique solutions to complex interpersonal, professional, technical, financial, and administrative problems.
---Highly developed oral and written communication and presentation skills. Demonstrated ability to evaluate different alternatives and select or recommend the one that best meets the business and professional need of the situation without regard for personal biases. CAPITAL METRO IS AN EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER (For consideration, please contact Gregg Moser at gmoser@kapartners.com)

Keywords: Capital Metro, Austin , Executive Vice President, Chief Financial and Risk Officer, Accounting, Auditing , Austin, Texas