Chief Financial Officer

SAFETY SENSITIVE—NO UNIFORM REQUIRED—NO POSITION OVERVIEW

The Chief Financial Officer (CFO) is a member of the Little Rock Water Reclamation Authority’s (LRWRA) Executive Leadership Team. The CFO reports directly to the Chief Executive Officer (CEO). LRWRA is governed by a seven-member Board of Commissioners. This position requires strong leadership skills with the ability to plan, direct, implement, and manage all financial-related activities and financial management support.

LRWRA’s CFO is an executive-level leader who must possess strong decision-making and critical thinking skills while executing strategies effectively. The individual must have the ability to draw on experiences, anticipate outcomes, have an intuitive sense of understanding situations, shape issues rather than issues shaping them, and exercise innate judgment on important initiatives. The CFO should have the capacity to cope with complexity, change, and uncertainty, and have the resiliency and ingenuity to adapt to new and different circumstances.

The position is responsible for all fiscal and fiduciary activities for LRWRA. The CFO plans, develops, forecasts, implements, and monitors all financial strategies. This includes oversight responsibilities regarding financial reports, accounting operations, contracts, and proper procurement efforts in compliance with federal, state, and local accounting agency guidelines. Also, acknowledge of public bond issuance, maintenance of a strong bond rating, and the interrelationship of debt service and retail rates is critical.

The CFO and their team are responsible for production of the Annual Comprehensive Financial Report.

The CFO is a responsible for implementing, monitoring and ongoing development of internal and external control systems to safeguard the organization’s assets. Additionally, the CFO recommends and implements reasonably accurate financial planning and modeling practices, monitors financial activities, provides accurate updates and reports to the CEO and senior leadership.

The CFO directly supervises, advises, develops, and leads a total of 20 professional team members including 12 in accounting, finance, and procurement, two in environmental security, risk management and safety, and six in information technology.

As part of the leadership /management team, the CFO is expected to interact effectively with all departments and external stakeholders.

• Maintain effective working relationships with all members of the executive and senior leadership team.
• Support employee career growth and assist in solving complex problems including conflict resolution.
• Challenge supervisory level staff to excel and continuously improve individual and/or team performance and productivity.
• Be assertive and demanding, expect excellence while nurturing creativity and innovation.
• Coordinate work activities and oversee all aspects of Finance, Accounting, Procurement, Payroll, Information Services, Environmental Health and Safety, Security and Risk Management.
• Recommend, engage, and implement directions from and for the CEO, Executive Staff and the Commission concerning issues, trends, and changes in financial reporting.
• Involved in the development of rate studies, capital improvement plan budgeting and forecasting, maintenance of a strong bond rating and improving the financial position of the Utility.
• Assess and report to CEO and Executive Staff financial performance against the annual budget and long-term strategy.
• Develop tools and systems to provide critical financial and operational information and make both operational and strategic recommendations as needed.
• Provide leadership in the development of and continuous evaluation of short,…