Chief Financial Officer (DOT Executive VIII)

About the role

The Maryland Transportation Authority (MDTA) is seeking a Chief Financial Officer (CFO) to oversee the organization's financial health and stability. The CFO will provide executive oversight of the MDTA's Divisions of Finance, Partnerships and Finance Administration, and Procurement.

Responsibilities

• Provides executive oversight of the MDTA’s Divisions of Finance, Partnerships and Finance Administration, and Procurement.
• Collectively, these Divisions are responsible for preparing Annual Comprehensive Financial Reports, financial forecasts and scenario analyses affecting toll revenue, capital and operating budgets, debt affordability, and toll rate proposals.
• Directs, manages and/or monitors the inflow and outflow of funds, including its $1 billion investment portfolio, $2 billion debt portfolio, annual $440 million operating budget, and annual $800 million toll revenue attainment.
• Provides accountability for the Board Finance and Administration Committee agendas, materials, and presentations to the MDTA Board members, and all budgetary and financial-related materials presented to various legislative committees and fiscal notes for all proposed legislation affecting the MDTA.
• Procures services, information technology, architectural and engineering, construction, commodities, and maintenance contracts valued at $300 million annually.
• Ensures compliance with all financial and procurement statutes, regulations, control directives, best practices, and trust agreements with bondholders and the travel plaza public-private partnership (P3).
• Collaborates with the Division of Operations on tolling activity and toll revenue assurance.
• Coordinates the receipt of federal funds and development of future Public Private Partnerships (P3s).
• Safeguards materials and supplies inventory and fixed assets.

Qualifications

• PREFERRED QUALIFICATIONS: Bachelor’s degree from an accredited college or university in Finance, Accounting, Business Administration, Economics, Public Administration, or a related field. Ten years of progressively responsible experience in financial management, accounting, budgeting, treasury, debt management, procurement, or related fields. Five years of executive or senior management experience overseeing multiple financial functions, such as budgeting, revenue management, procurement, and financial forecasting.
• The Ideal Candidate Will Possess The Following: Certified Public Accountant (CPA) with experience in a high-level management position, Master’s Degree in Accounting, Business Administration, Finance, or Economics, Experience in revenue bond issuance, refunding, debt management, and credit rating agencies interactions, including compliance with trust agreements and reporting requirements, Experience evaluating and implementing revenue adjustments, forecasting revenue impacts, and working with stakeholders on policy decisions, Strong understanding of and experience in enterprise risk management, including managing a strong internal control environment, Proven executive-level experience in an organization leading the evolution of the finance function, building relationships, and cultivating strategic influence.

Benefits

The MDTA offers a generous benefits package including a minimum of 11 paid holidays, a minimum of 27* days of leave annually (personal, vacation, and sick), access to the State Pension System, deferred compensation plans, excellent health, dental, and vision plans, and more!

*May be prorated based on start date.