Chief Financial Officer Job Portland area,Oregon USA,Finance & Banking

Overview

The Chief Financial Officer (CFO) leads, manages, and directs Tri Met's financial functions and activities. This position is responsible for overseeing a system of internal controls to adequately safeguard District assets and manage District liabilities, to ensure a long-term financially sustainable organization. The CFO must be aware of all District financial requirements, and structure future obligations in a manner that is sustainable and allows the transit system to grow with regional needs and expectations.

Tri Met is currently going through an organizational transformation and is in the early phase of an Enterprise Resource Planning (ERP) replacement; this position may assume additional responsibilities and will serve as a member of the Steering Committee for the ERP replacement.

Responsibilities

Direct agency financial activities, assuring effective financial controls and planning for future financial requirements. Provide strategic direction of all financial functions including accounting, treasury, investment, cash flow, budget, grant administration, insurance, procurement and contracting, risk management, and revenue functions.

Serve as Tri Met’s Budget Officer (ORS 294.331). In the capacity as Budget Officer, oversee the preparation of the annual budget in accordance with Oregon Budget Law and serve as primary liaison with the Multnomah County Tax Supervising and Conservation Commission.

Provide the General Manager and Board of Directors with accurate and timely communication of financial issues. Advise Tri Met’s General Manager and Board of Directors on the strategic financial direction for the organization. Ensure Tri Met’s system of accounting is accurate, transparent, and reflects the true financial condition of the District.

Enforce appropriate financial controls to assure the safety of District assets, such as the collection of revenues from fares, payroll, and self-employment taxes; federal, state, and local grants; intergovernmental agreements, and other revenue sources.

Oversee development of the financial forecast which sets the parameters for spending in the short and long terms. Evaluate current and future fiscal conditions to guide policy, operating and capital decisions, providing analysis of alternative forecast scenarios and policy alternatives to assure future financial stability.

Oversee the annual budget function, providing alternatives to ensuring Tri Met is in compliance with Oregon Budget Law while maximizing the spending of appropriated funds in achieving results and desired outcomes.

Effectively manage all facets of Tri Met’s debt program including the issuance of various types bonds and other financing instruments, managing an investor relations program, reporting of specified events, and maintaining a competitive bond rating. Ensuring all legal and statutory contingencies and loan/bond covenants are met. Maintain relationships with Municipal Advisor, Underwriters, Rating Agencies. Negotiate debt and develop alternative ways financial requirements can be satisfied.

Oversee Tri Met’s cash management program, maintaining resources needed for Tri Met’s operating and capital needs. Manage Tri Met’s investment portfolio, appropriately balancing risk and reward. Control Tri Met’s cash flow position, understand all sources and uses, and maintain integrity of the funds. Oversee the receipt, custody and disbursement of resources of the organization. Maintain relationships with Investment Bankers to maximize earnings of funds in both short and long-term investments.

Establish investment policies and guidelines.

Oversee Tri Met’s procurement, revenue collection, and risk management functions.

Manage agency’s defined benefit pension, deferred compensation, and defined contribution plans. Serve as trustee and advisory committee member of the plans.

Coordinate Tri Met Board's Finance and Audit Committee and the appropriate Citizens Advisory Committees.

Develop, control, monitor, and approve budgets and operational forecasts for division, including capital expenditures, labor resources, and materials and supplies; accountable for monitoring own department. Identify…