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DC Water · 13 hours ago

Chief Financial Officer and Executive Vice-President, Finance, Procurement, and Compliance - (26-CFO-300000-104)

1385 Canal St, SE, Washington, DC, 20003, US

Full-time

Hybrid

Director/Executive

$192K/yr - $320K/yr

10+ years exp

DC Water is responsible for providing essential water, wastewater, and stormwater services to the District of Columbia and surrounding areas. The Chief Financial Officer and Executive Vice-President will lead financial sustainability efforts and oversee all finance, procurement, and contract compliance activities, ensuring alignment with organizational objectives and regulatory requirements.

Environmental ConsultingRecyclingWater

Comp. & Benefits

Responsibilities

Leads strategy, management, and control of all finance and procurement related activities at DC Water, ensuring alignment with organization objectives and compliance with industry standards and regulatory requirements

Oversees the organization's financial operations, including rates, revenue, payroll, and accounts payable, accounting, budgeting, treasury, investments, and strategic procurement activities

Oversees the development, implementation, and adoption of financial and procurement programs and policies in alignment with DC Water’s overall business objectives

Drives development and Board approval of DC Water’s Budget and Financial Plan, which determines the revenue requirements to operate and maintain the water and sewer infrastructure, upgrade facilities, and improve the environment

Collaborates with Operations and Engineering leaders to align financial strategies and objectives with capital improvement, infrastructure investments, and operational objectives, and to drive initiatives that will improve planning, efficiency, margins, controls, and customer experience

Collaborates with Engineering in the Capital Improvement program in alignment with DC Water’s strategic plan and Board of Directors’ (BOD) policies

Develops the 10-year financial plan

Partners with leaders across all functions to drive DC Water’s financial planning processes, to deliver and manage progress against DC Water’s 10-year financial plan, operating budget, and capital budget

Ensures that DC Water’s accounting policies adhere to Generally Accepted Accounting Principles (GAAP) and ensures legal and regulatory compliance in financial functions

Oversees the financial reporting activities related to accounting, annual closure process, financial audit process, federal and state bond financial reporting

Ensures annual reporting of financial statements, critical financial and operational information, annual operating budgets, and progress against the 10-year Capital Improvement Plan to the executive management, Board of Directors, and external stakeholders

Drives overall organizational financial performance against both the annual budget and long-term strategy goals

Participates in evaluating business cases for alternative revenue opportunities, including Blue Drop and other innovative programs

Oversees all financing activities at DC Water, including timing, structure, and marketing of financing instruments and banking relationships

Represents DC Water to financial partners, including financial institutions, investors, auditors, public officials, etc

Serves as the most senior point of escalation for finance and procurement-related issues, including Accounts Payable issues, and a key point of contact for external auditors

Provides the final approval for labor contract agreements

Mentors and develops staff within the Office of the Chief Financial Officer to cultivate a high-performing team, overseeing work allocation, training, problem resolution, performance evaluation, and fostering an effective team dynamic, while also leading Vice-Presidents, Directors, and coordinating with other departments as necessary to ensure the seamless operation of financial activities

Oversees DC Water’s insurance and risk management program

Performs other duties as required by the CEO/General Manager or Board of Directors

Qualification

Financial AcumenStrategic PlanningAccounting & Financial ReportingBudgetingRisk ManagementFinancing & Investment PlanningIntegrity & AccountabilityTeam DevelopmentData-Driven Decision MakingAdaptable & AgileRevenue Management & ForecastingCashflow & Debt PlanningProblem SolvingCommunication ExpertiseCross-Functional Collaboration

Required

10-15 years of progressive experience related to managing and controlling an agency's financial management system, inclusive of senior management experience

Bachelor's degree in Finance, Accounting, Business Management or related field from an accredited college or university

Financial Acumen

Strategic Planning

Business Process/Business Acumen

Financing & Investment Planning

Accounting & Financial Reporting

Budgeting

Cashflow & Debt Planning

Problem Solving

Integrity & Accountability

Team Development

English

General office conditions

Preferred

Experience in strategic financial planning, analysis, and fiscal management, with a proven track record of leading finance teams in complex organizations

Master's degree in Finance, Business Administration, Public Administration or related field from an accredited college or university

Revenue Management & Forecasting

Risk Management

Accounts Receivables Management

Communication Expertise

Technology Fluency

Cross-Functional Collaboration

Data-Driven Decision Making

Adaptable & Agile

Certified Public Accountant (CPA)