You must submit an application through our system to be considered. To view the full announcement and submit an application, please go to: https://www.governmentjobs.com/careers/colorado/jobs/1765951/chief-financial-officer
DESCRIPTION OF JOB:
As Chief Financial Officer for CDOT, the position directs through subordinate managers the Division of Accounting and Finance (DAF). DAF, with nearly 100 full time positions, presently encompasses three branches; Business Services, Administration and the Office of Financial Management and Budget (OFMB). The Business Services Branch provides best business practices, innovative and reliable data and analysis, by leveraging efficient and analytic use of CDOT's technologies and systems (SAP, etc.) Administration encompasses procurement and contracting, as well as the HQ Business Office (including the Flood Recovery Office), providing business office functions for divisions within the headquarters building, as well as Regional assistance (as requested) for disasters or special projects. OFMB performs the traditional budgeting, accounting and financial management functions for CDOT, the High Performance Transportation Enterprise and Bridge Enterprise. This branch leads the financial operations, accounting operations, construction program funding/Cash Management groups, and other related support services. This group supports the Transportation Commission (TC), Executive Director and other Executive Management Team (EMT) members to help ensure that CDOT is in compliance with all accounting laws, audit compliance, and adheres to generally accepted accounting principles. This branch includes:
The Controller's Office (Accounts Payable, Accounts Receivable, Federal Aid Grant Management and Billing, Project Accounting, Capital Asset Management, Contract authorization, Audit support, and Payroll processing)
The Budget Office (Legislative Budget Analysis, Revenue Forecasting, and Budget Development, strategic financial needs and other decision items)
The Cash Management Office (Federal Funds Management, Construction Project Pool Funding, and Statewide STIP coordination.)
This position also serves as the principal strategist and steward of CDOT's financial resources and plays a key role in the leadership of CDOT as a member of the Executive Management Team.
To the extent that the department issues financial instruments (Revenue bonds for the enterprises for example) this position is responsible for the successful execution of those issuances.
Key Responsibilities Reporting to CDOT's Executive Director, the Chief Financial Officer's key responsibilities include, but are not limited to:
Maintain and defend the integrity of CDOT's fiscal policies and practices to ensure proper and prudent use of funds and budget allocations
Develop and implement business processes and controls (E.g. Inventory, project cost over runs, overtime) to achieve department goals while minimizing financial risk
Collaborate, with CDOT's executive management team, on the development and implementation of the Department's strategic plan and short and long range policy formulation. Integrates and coordinates financial and budgetary functions to meet the overall goals and mission of CDOT
Develop and recommend policies regarding revenue projections to the Executive Director and CDOT Transportation Commission
Develop and recommend CDOT's annual and supplemental budgets for approval to the Executive Director and CDOT Transportation Commission
Oversee and ensure the appropriate structures, pricing, costs, and legal terms are incorporated into any financial instruments issued on behalf of the department of the enterprises.
Collaborate with the Federal Highway Administration and execute the department's federal aid highway program effectively and efficiently
Information Management, Communication, and Stakeholder Relations
Achieve consistent and effective communications regarding financial, accounting, and budget related issues and topics
Produce financial reports that are timely, accurate, and understandable for the executive director, executive team and the Transportation Commission
Facilitate and communicate short and long term fiscal plans and forecasts to appropriate audiences including the Transportation Commission, Executive Management, the General Assembly, and the state's congressional delegation
Respond to and submit requested/required schedules and information to the Office of State Planning and Budgeting and all the Service Agencies of the Colorado General Assembly
Represents CDOT when dealing and building relationships with internal and external stakeholders
Leadership and Management
Coach, mentor, and be a visible, approachable sounding board/resource on CDOT's financial and accounting matters for executive management and senior staff
Set DAF's mission and goals, determine the organizational structure of the Division, and allocate appropriate resources to ensure success
Provide coaching, mentoring and overall supervision to both direct and indirect DAF staff
Participate, on behalf of CDOT and the State, in efforts addressing the long term viability of transportation funding at the state and federal level
Actively contribute as a member of CDOT's Executive Management Team to the development and implementation of department wide policies, practices and procedures
Near Term Priorities
In addition to the positions ongoing duties noted above, the CFO typically participates in a range of special projects for the department. At present key priorities include:
Improved cash management practices: The CFO is integral to the continued development and monitoring of this relatively new departmental initiative. A key element of this effort is improved cash management to better align the timing of cash receipts and cash expenditures within budgetary and other constraints.
Support the development of financial plans for large complex transportation projects in conjunction with the High Performance Transportation Enterprise and the U.S. Department of Transportation.
Continue to support and improve on the department's new work-plan budgeting process for the department, which was only instituted in the last two fiscal years.
Re-assess the overall DAF organizational structure (which has changed a few times over the last few years) and consider whether the existing structure can be improved and optimized for greater structural efficiency.
At least a bachelor's or graduate degree from an accredited college or university in financial management, accounting, business administration, public administration, or a management science;
AND at least a six (6) year track record in full-time positions in finance, budgeting, or accounting with increasing responsibility at levels which significantly impact the financial management and accounting requirements of a corporate or public entity
This experience must include successful experience at financial management or accounting administration, setting and executing program goals and objectives, developing and managing a program budget, and allocating resources to achieve program objectives and goals.
Career history must demonstrate at least two (2) years professional experience leading and fostering a high performance team and managing professional and support staff involved in a complex, diverse program area.
The Exceptional Applicant will be a senior level financial management/accounting professional with the highest professional ethics, strong leadership, passion for solving complex programmatic issues, and proven commitment and accomplishment in the following:
Comprehensive knowledge and experience strategically positioning multimillion dollar public and/or private organizations for long term financial stability;
State and federal transportation financing, including the federal transportation reauthorization process and the state legislative process;
Creative and strategic ability to address complex financial management and reporting issues and design and execute effective solutions;
Advancing financial management/accounting practices as a business partner with executive management;
Streamlining business processes, planning and implementing large complex programs, strategic planning, and aligning financial resources and operations with an organization's business requirements;
Leadership and vision across multidisciplinary groups;
Coaching, mentoring, and supervision of professional and support staff;
Holding self and others accountable for behaviors, performance results, and service delivery;
Negotiating mutually acceptable solutions; building consensus through give and take;
Interpersonal and relationship building skills;
Facilitation, presentation, and communication skills, both written and oral;
Ability to work effectively in both independent and team situations;
Highest work/personal ethics and integrity;
Fluency in Microsoft Office Suite, SAP, and ability to quickly learn other software systems.
Are you looking for a challenge? Do you have a passion for helping people? Do you want to be part of a diverse team that is committed to making the transportation system in Colorado safe and efficient? Then, the Colorado Department of Transportation (CDOT) is the place for you! CDOT is devoted to incorporating technology, providing equal employment opportunities, developing leaders..., and improving systems in order to provide outstanding customer service. By saving lives and making lives better by providing freedom, connection, and experience through travel, CDOT is committed to becoming the number #1 Department of Transportation in the country. In working towards this goal, we believe every one of our employees plays a critical role. CDOT's core values include safety, people, integrity, customer service, excellence and respect. Please visit https://www.codot.gov/ to learn about CDOT and how we are making Colorado a great place to live, work and play, now and for the future!
In addition to a fantastic place to work CDOT offers a variety of benefits which include:
Annual leave (accrued based on years of service, starting at 8 hours a month)
Sick leave accrued at 6.66 hours a month
10 paid holidays per year
Medical and dental plans
State paid life insurance policy of $50,000
Choice of 2 retirement plans
401K and 457 plans
State paid Short Term Disability coverage
Credit Union Membership
Work life programs
Free RTD EcoPass
Tuition reimbursement programs
To learn more about our benefits visit: https://www.colorado.gov/dhr/benefits