Position open until filled. First review of applications begin on June 4, 2021. Resume and Cover Letter required with application.
Valley Metro is seeking a highly qualified and dynamic Chief Financial Officer (CFO) to lead, manage and direct agency-wide fiscal functions, strategic financial planning and contribute to the overall operational plan of the agency. Reports to the Chief Executive Officer with functional reporting to the Boards of Directors for Valley Metro RPTA and Valley Metro Rail. Responsible for financial matters as they relate to accounting and reporting, budget management, cost-benefits analysis, forecasting, procurement and the application and allocation of regional financial resources through the Transit Life Cycle Program (TLCP). The CFO is an effective administrator, communicator and a key member of senior management providing sound fiscal leadership and fiduciary oversight to facilitate organizational accountability, transparency and efficiency; with special emphasis on ensuring that Valley Metro's finances are effectively and efficiently managed with sufficient internal controls through systems and procedures to safeguard financial assets. The FY2021 combined Operating and Capital Budgets are $835 million.
EXAMPLES OF DUTIES / KNOWLEDGE & SKILLS
The statements listed below describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this description amended at any time.
Provides leadership and direction to the Finance and Procurement Division staff comprised of 35 staff members including four (4) management staff performing professional work including general accounting, payroll, fare revenue, preparation of operating and capital budgets, revenue generation, grant accounting, cash and investment management, audit compliance and financial reporting, purchasing and procurement, solicitations and contract management;
Responsible for establishing and maintaining internal controls to achieve the objectives of effective and efficient operations; reliable financial reporting; and compliance with applicable laws and regulations; and assesses internal control effectiveness;
Oversees the development and administration of the annual operating budgets and capital improvement programs (CIP) for Valley Metro RPTA and Valley Metro Rail; and formulates budgetary strategies, procedures and guidelines to ensure that stakeholder expectations are met;
Reviews, analyzes and develops recommendations to support actions, policies, management decisions pertaining to complex budget issues; develops alternative methods to costing operational and capital investment strategies that benefit the Agency;
Works with the Chief Executive Officer and Boards of Directors to promote the financial mission, vision and values of the organization; establishes performance measurements, manages, monitors and report on Agency financials;
Administers and reviews the preparation of the audited financial statements, and the two comprehensive annual financial reports;
Ensures adequate controls are installed and that substantiating documentation is approved and available such that all financial activity may pass independent and governmental audits;
Plans, manages, reviews and evaluates the Contracts & Procurement Department staff and work activities; monitors procedures, and ensures purchasing and contracting activities are in compliance with state and federal regulations, and Agency policies & procedures;
Prepares and reviews narrative and statistical reports, correspondence, agenda items, policy papers, presentations and other written materials;
Oversees the supervision of staff, which includes work allocation, training, and problem resolution; evaluates performance and makes recommendations for personnel actions; motivates and trains employees to achieve peak productivity and performance;
Works with senior leadership team to implement financial plans, benchmarks, and budgetary performance metrics to help monitor progress toward financial goals agency-wide;
Contributes to the strategic and business planning process, including providing recommendations to senior management and the Boards of Directors on short-term and long-term financing, and operating strategy for the organization;
Manages the authority's banking and financial advisor relationships; and manages investments performance, financial accounting and reporting;
Oversees financial analysis, cash and treasury management, debt management, and the associated forecasting requirements; seeks funding opportunities for future studies and projects;
In collaboration with the City of Phoenix and Valley Metro Operations, directs the management of fare revenue system, including sale of fares, fare revenue reconciliation, system expansions or upgrades, equipment life-cycle management, and monitors fare collection industry to ensure system maintains minimum industry standards;
Trains the Finance and Procurement Division and other staff on raising awareness and knowledge of financial management policies and procedures and required internal control procedures;
Represents the Agency to other governmental agencies, funding agencies, stakeholders, general public and Valley Metro RPTA and Valley Metro Rail Boards of Directors.
Knowledge and Skills: Knowledge of: Operations, services, and activities of a comprehensive Finance and Procurement Division; Pertinent state, federal and local laws, codes, and regulations; Principles and practices of generally accepted accounting principles (GAAP), with an emphasis on governmental and fund accounting, including methods of financial reporting and financial statement preparation; Techniques of financial strategic planning; Financial analysis principles and practices; Internal Control principles and practices; Principles and practices of governmental budget development and administration; Knowledge of Federal Transit Administration (FTA) regulations; Principles and practices of public administration, public procurement systems and processes; Principles and practices of contract administration in the public sector; Supervisory principles, methods and techniques; Computer applications such as Microsoft Suites, Word, Excel, Power Point, Outlook and financial management systems.
Skill in: Utilizing personal computer software programs affecting assigned work and in compiling and preparing spreadsheets and reports; Preparing clear and concise reports, correspondence and other written materials; Establishing and maintaining effective working relationships with other department staff, management, vendors, member agencies, community groups and the general public; Developing and implementing goals, objectives, policies, procedures and work standards for the Finance and Procurement Division and staff; Analyzing and reviewing budgetary information to determine the impact on the Agency; Preparing and analyzing complex data and comprehensive reports; Developing, reviewing, and monitoring operating and capital budgets; Planning, organizing and administering a comprehensive financial management and reporting program; Interpreting, applying and explaining federal, state and local laws related to the areas of responsibility.
MINIMUM QUALIFICATIONS & REQUIREMENTS
Bachelor's Degree in Accounting, Business Administration, or related field required AND a minimum of ten (10) years of progressively responsible financial management experience that includes five (5) years in a senior level management role with significant responsibility for the financial affairs of a complex organization and staff. Master's Degree is desirable. An equivalent combination of education and relevant experience sufficient to successfully perform the essential duties of those listed is also acceptable. Experience in public agency and/or transit agency is also desirable.
The ideal candidate is a self-motivated individual who is a creative problem-solver with highly developed management, administrative and communication abilities and stakeholder engagement capabilities. The CFO will serve as a catalyst for action in translating agency financial goals and objectives into action plans and must have superior long-range planning skills and be able to continually achieve interim goals in pursuit of the long-term strategy. The CFO must possess exceptional written, oral, interpersonal, and presentation skills.
Certified Public Accountant (CPA)
Certified Management Accountant (CMA)
Certified Public Finance Officer (CPFO)
Positions may require: --Valid Arizona Driver's License
Background Investigation: Employment is contingent upon the results of a comprehensive education/experience background investigation and a criminal history record check. The background check will also consist of a personal credit history and review.
About Valley Metro
Valley Metro is the regional public transportation agency providing coordinated transit services to residents of metro Phoenix. From regional bus, light rail and paratransit service to alternative commuter solutions, Valley Metro’s core mission is to develop and operate a network of transit services.
Valley Metro exists to connect communities and enhance lives.
We plan, build, operate and maintain a safe, regional, multi-modal transportation system.