Chief Financial Officer

Chief Financial Officer
Des Moines Area Regional Transit Authority
 Des Moines, Iowa
Job Description

Under the leadership of the Chief Executive Officer, the Chief Financial Officer is a key leader who provides advice and support to the CEO, drives strategies, and provides leadership by committing to action the business goals of DART. In conjunction with the other members of the Executive Leadership Team, the CFO is charged with the development and execution of the organizational goals, objectives and daily functions to ensure attainment of DART’s mission and vision. The CFO role at DART is a unique opportunity for a visionary finance leader, who is curious, collaborative, and agile, to challenge the status quo to drive efficiency, transparency, and service delivery.

POSITION RESPONSIBILITIES INCLUDE, BUT ARE NOT LIMITED TO:

  • Provides leadership to the departments assigned to the Finance Division (Accounting/Finance, Grants, Risk Management, Procurement, Inventory, Information Technology and Business Analytics) and across the organization, applying strategic thinking and results orientation to ensure the business objectives are achieved.
  • Partners with executive leadership to guide, implement, and manage the necessary cost control, process redesign as well as financial management and technology strategies to support the economic growth and financial well-being of the organization in order to provide high quality public transit service. Works to identify financial trends, KPIs and other financial models to stay ahead of trends.
  • Develops and maintains the long-term financial plan for the organization; ensures alignment of agency resources and spending; provides guidance to the organization in pursuing opportunities for grant funding and other revenues. Ensures that DART's finances are effectively and efficiently managed with sufficient controls through systems and procedures to mitigate fraud, abuse, and/or waste.
  • Responsible for the preparation of all financial statements according to GAAP accounting principles; oversight for or assistance with response to federal, state, and local audits; development of annual capital and operating budgets; and presentation of financial results to the CEO, Commission, and DART management.
  • Manages capital assets; reviews appropriate categorization and funding of assets; monitors removal of assets and reconciliation of financial records to physical inventory.
  • Creates and promotes a positive work environment. Proactively lead, mentor and develop teams; assign work activities and coordinate schedules, projects, and programs; review and evaluate work and provide constructive feedback/appropriate action plan; coach, develop and motivate staff; participate in workforce planning and succession management.
  • Actively leads and manages change as the organization evolves; act as a change agent by communicating the need for change; model and enforce DART values
  • Works in collaboration with peer Executive Leadership Team members to advance DART initiatives, strategies and goals; positively and proactively participate in cross functional decisions that enable all team members to be successful; demonstrate joint ownership of decisions that ensures an exceptional rider and community experience.
  • Ensures processes, policies and practices are interpreted and applied consistently and effectively; ensures accountability and compliance with Federal Transit Administration, state, and other regulatory and grant conditions/requirements through the implementation of internal controls, policies, business processes, effective use of financial systems, and collaboration with other departments.
  • Provides communication and guidance to the CEO, other Executive Leadership Team members, and Commission on trends, issues and activities that impact DART’s financial position. At the request of the CEO, interact with the Commission to support policy setting and decision making on areas of responsibility.
  • Plans, directs, and manages the external relations functions with banks, advisors, auditors and other financial institutions as necessary. Negotiate, execute and monitor financial transactions, including lease agreements, lines of credit and debt issuance. Analyze and place significant financial investments for maximum return consistent with DART policies; works closely with investment firm to effectively invest and administer cash.
  • Oversees the identification, development, maintenance and monitoring of technology focused business strategies and solutions to support the delivery of service and the organization as a whole.
  • Oversees the procurement department that procures goods and services needed to support our operations and development functions.
  • Represents DART as the Disadvantaged Business Enterprise (DBE) liaison officer, to include overseeing annual goals, ensure contractor compliance/good faith efforts, advise the CEO on DBE matters, and acts as liaison to the Uniform Certification Process in Iowa.
  • Performs other related duties as assigned.

EDUCATION AND/OR EXPERIENCE:

  • Bachelor’s degree from an accredited college or university with major course work in Finance, Accounting, Business Administration, Public Administration
  • Master’s degree in any of the above-mentioned disciplines is preferred
  • 7 plus years of professional experience in finance, with progressively responsible executive experience in managing overall financial affairs of a major public or private entity
  • Certified Public Accountant license desirable
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