Chief Financial Officer

The Chief Financial Officer (CFO) will provide executive leadership and strategic oversight of the Agency’s financial operations. The CFO will plan, organize, and direct the financial management, budgeting and accounting functions of the Authority. The CFO will also oversee the reconciliation and accounting of all revenue generated through system operations and due to the Authority through contractual agreements. The CFO coordinates the development of fare collection controls and methods to strengthen financial oversight and maximize revenues.

The CFO will collaborate with external financial advisors, financial institutions, underwriters, auditors, boards, government agencies, labor unions and other key stakeholders. This position operates under the general direction of the Chief Administrative Officer.
The CFO will oversee a team of highly skilled professionals and provides counsel to MBTA Leadership as the Agency develops and implements long-term funding solutions while supporting and advancing system-wide transformation and improvement. This work encompasses financial planning including the development of budgets, financial plans, accounting, treasury operations, capital finance and accounting and risk management.
The CFO will conduct and lead clear communication of financial analysis to provide the Agency’s leadership and Board with information to make sound management and budgetary decisions. Working across departments, the CFO will ensure that departments and leaders have access to finance information that will assist the Agency to make fiscally responsible business decisions.

• Directs and oversees the financial management, treasury, risk management, capital finance and accounting, and controllership functions of the Authority through management, professional and administrative personnel, including revenue recognition, debt issuance, investment management, cash management, risk management, tax matters, inventory and property controls, payroll, general accounting, and internal and external audit functions.
• Serves as the Authority’s senior financial advisor and provides financial counsel to the Chief Administrative Officer, the General Manager and the Board of Directors. Provides governance and executive oversight of the Financial Management Information System (FMIS), including successful implementation of the capital cost accounting system
• Leads the development of a strategic, multi-year pro forma financial projection to guide long term financial planning and organizational decision making and consults with external financial advisors, consultants, and underwriters in the development of the most cost-effective financial plans and strategies for the Authority.
• Directs and oversees the planning, preparation, development, consolidation and monitoring of the operating and capital budget providing timely and accurate data necessary for the formulation of the Authority’s fiscal programs and plans
• Oversees the establishment of enterprise wide financial policies and procedures and ensures rigorous compliance across all departments and ensures adherence to those policies and procedures.
• Coordinates with senior leadership to safeguard and optimize the Authority’s financial resources; works through the Chief Administrative Officer to align financial strategy with the General Manager, Chief Operating Officer, and Chief of Capital Programs; and engages with Federal, State, and local agencies on all financial matters affecting the Authority.
• Collaborate with the Labor Relations team to align CBA negotiations with contract expiration dates and legal requirements. Analyzes and models the short- and long-term financial impacts of proposed CBA terms—including wages, benefits, pensions, and other…