Chief Financial Officer (CFO)

WSSC Water seeks a Chief Financial Officer (CFO) who is highly experienced in all aspects of government finance. The CFO will direct and manage the corporate financial activities and functions within the Commission and exercise responsibility for the formulation and administration of the Commission’s annual operating and capital budgets, including preparation of long-range fiscal planning and development of financial policies.

Specifically, the CFO:

• Performs official duties of corporate Treasurer
• Serves as Chief Advisor to senior management on financial policies and legislation
• Advises Commission and executive staff in all financial matters including policy
• Directs financial and accounting staff in all matters of finance and accounting including bond issuance, investment management, financial reporting, grand recovery, internal financial control and administrative procedures
• Directs the selection of securities to be issued by WSSC Water and directs the issuance function for the sale of such WSSC Water securities
• Ensures compliance with all applicable laws and recognized standards as they pertain to all financial and accounting matters of WSSC Water
• Signs bonds and related documents on behalf of the commission attesting to the financial propriety of the transaction
• Participates in the establishment of revised rate structures and developing other sources of revenue
• Provides testimony before the Commission and state legislative bodies
• Conducts financial studies by staff, consultants and project teams
• Serves as Executive Director of the WSSC Water Employees’ Retirement Plan
• Formulates, prepares, justifies and administers the Commission’s Operating and Capital Budgets
• Advises and makes recommendations covering areas of financial management of the Commission’s programs and activities and areas of administrative research and management improvement techniques
• Appears before the Commission relative to financial management of Commission activities
• Analyzes the recommendations of the budget staff and conducts hearings with departments to resolve differences and facilitate decision making
• Reviews the staff’s recommendations on major research projects and participates with management in implementation of recommendations
• Develops the assumptions, procedures and formats for preparing budget requests
• Prepares long-range financial plans and develops financial policies in conjunction with other Commission departments
• Coordinates passage of WSSC Water’s fiscal legislation through the Maryland General Assembly
• Maintains liaison with Maryland Department of the Environment (MDE) on matters with substantial fiscal impact on the WSSC Water
• Maintains liaison with the counties on budgetary and related fiscal policy matters
• Analyzes operating programs and expenditure schedules
• Formulates, justifies and administers the Commission’s Six-Year Capital Improvements Program (CIP)
• Prepares and administers the Engineering Support Program (ESP), diverse projects that support WSSC Water’s water and sewer infrastructure
• Administers the Commission’s Federal and state construction and research grant activities

Qualifications:

• Bachelor’s degree in business administration, management, financial accounting, public administration or related disciplines
• 12+ years’ experience directing and managing corporate financial activities and functions and exercising responsibility for the formulation and administration of annual operating and capital budgets, including preparation of long-range fiscal planning and development of financial policies
• 5+ years senior financial management experience or senior governmental budgeting/research experience
• Comprehensive knowledge of contemporary principles and practices in the fields of public finance and accounting
• Knowledge of contemporary practices in fiscal forecasting and auditing of public accounts
• Comprehensive knowledge of capital (bond) market and investment of public funds
• Comprehensive knowledge of principles and practices of public administration
• Knowledge of research techniques, methods and procedures
• Knowledge of the principles, methods and practices of public finance and accounting and thorough knowledge of modern office management principles, practices and equipment
• Skilled in verbal and written communication and public speaking
• Ability to maintain effective professional relationships with staff, government officials and public
• Ability to analyze, interpret and report research findings and recommendations
• Ability to plan, organize and supervise the work of a financial staff