JOB TITLE: Chief Financial Officer
AGENCY: County of San Bernardino Transportation Authority
LOCATION: San Bernardino, CA
FILING DEADLINE: September 27, 2024
SALARY RANGE: $164,100 – $246,150 Annually
THE POSITION
Under administrative direction, plans, organizes, manages, and provides leadership to the Finance Department; fosters cooperative working relationships among departments and with intergovernmental and regulatory agencies and various public and private groups; provides highly responsible and complex professional assistance to the Deputy Executive Director and Executive Director in areas of expertise; and performs related duties as assigned.
This is a department director classification that oversees, directs, and participates in all activities of the Finance Department, including short- and long-term planning as well as development and administration of department policies, procedures, and services. This class provides assistance to the Deputy Executive Director and Executive Director in a variety of administrative, coordinative, analytical, and liaison capacities. Successful performance of the work requires knowledge of public policy, SBCTA functions and activities, including the role of the Governing Board, and the ability to develop, oversee, and implement projects and programs in a variety of areas. Responsibilities include coordinating the activities of the department with those of other departments and outside agencies and managing and overseeing the complex and varied functions of the department. The incumbent is accountable for accomplishing departmental planning and operational goals and objectives, and for furthering SBCTA’s mission, goals, and objectives within general policy guidelines.
THE IDEAL CANDIDATE
The ideal candidate for the Chief Financial Officer position at SBCTA would be a highly motivated self-starter with a proven track record of success, capable of servant-leading one of the agency’s largest departments with unwavering confidence and authority.
The candidate should possess a solid sense of judgment and consistently display high integrity and honesty. They should be well-versed in developing and implementing policies and procedures, and have the ability to make sound financial decisions that align with our agencies goals and objectives.
Building and maintaining a cohesive team is crucial for the success of our department. The ideal candidate should have excellent interpersonal skills and the ability to bond with team members, fostering a collaborative and productive work environment. They should also place customer service as a high priority to the agency as this department is a support function to the whole organization. An accounting background is essential for this role, as the candidate will be responsible for overseeing all financial aspects of our agency. Additionally, familiarity with transportation funding in California would be highly advantageous, as it would enable the candidate to navigate the intricacies of managing multi-faceted funding for our large transportation projects.
The CFO will be responsible for steering the agency through fiscal challenges and opportunities, ensuring financial stability and sustainability, and partnering across departments to guarantee fiscal responsibility and transparency. The ideal candidate will bring a strategic mindset to financial planning, with a focus on long-term growth and efficiency.
ESSENTIAL DUTIES
- Assumes full management of the Finance Department, including fund, project, and grant accounting, grant administration, debt management, payroll, budgeting, financial reporting, financing activities, and procurement and contract administration.
- Develops and directs the implementation of department goals, objectives, policies, procedures, and work standards.
- Selects, trains, motivates, and directs department personnel; evaluates and reviews work for acceptability and conformance with department standards; works with employees on performance issues; implements discipline and termination procedures.
- Contributes to the overall quality of the department by developing, reviewing, and implementing policies and procedures to meet legal requirements and SBCTA needs; monitors and evaluates efficiency and effectiveness of service delivery methods and procedures; assesses and monitors distribution of work, support systems, and internal reporting relationships; identifies opportunities for improvement and implements changes.
- Manages the development and administration of assigned department budget; directs the forecast of additional funds needed for staffing, equipment, materials, and supplies; directs the monitoring of and approves expenditures; directs and implements adjustments as necessary.
- Develops and manages requests for proposals for professional and/or contracted services; prepares contract specifications, scopes of work, budget, and timeline; evaluates proposals and recommends award; negotiates contracts; manages contracts, supervises the work of consultants, and ensures compliance with specifications and SBCTA service quality and regulatory requirements; approves invoices within signature authority.
- Coordinates the development and administration of SBCTA’s annual budget; provides advice and counsel on financial forecasting and planning for major programs; tracks the adopted budget and prepares periodic budget reviews for submission to SBCTA departments; communicates financial goals and strategic objectives; evaluates proposed resource allocations in cooperation with the Deputy Executive Director and Executive Director.
- Establishes SBCTA’s budgeting, accounting, and financial reporting practices; evaluates accounting procedures and financial internal controls; establishes and implements security and controls for the financial system; ensures compliance with federal, state, and local government accounting and financial reporting standards and controls.
- Oversees SBCTA’s annual financial, compliance, and internal audits; reviews audit reports and responds to and implements corrective actions as needed; submits audit reports to federal, state, and other agencies.
- Directs and coordinates preparation of various financial reports, including the Annual Comprehensive Financial Report (ACFR) and administration of a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan.
- Coordinates development of ten-year revenue forecast for various funds, including strategic and expenditure plans; coordinates development of long-term cash flow management and bonded indebtedness to meet SBCTA’s capital improvement program.
- Manages SBCTA’s investment portfolio and adopts strategies to maximize earnings, demonstrate appropriate stewardship of tax dollars, and ensure compliance with investment policy; reviews monthly cash and investment reports; reviews and updates investment policy annually.
- Manages and supervises procurement and contract administration activities to ensure that SBCTA, as well as federal and state policies and regulations are followed.
- Provides highly complex staff assistance to the Deputy Executive Director; conducts a variety of organizational and operational studies and investigations; recommends modifications to programs, policies, and procedures as appropriate.
- Prepares, reviews, and presents reports, various management and information updates, and reports to the Board of Directors and various commissions, committees, and boards.
- Manages the organization and maintenance of accurate and detailed databases, spreadsheets, files, and records; verifies accuracy of information and ensures compliance with established records retention policies, procedures, and schedules.
- Attends, participates, and represents SBCTA at interdepartmental, interagency, and professional meetings; monitors legal, regulatory, technology, and societal changes, and court decisions and stays abreast of new trends and innovations in finance.
- Participates on the Executive Management Team providing input on implementation of Board of Directors’ goals, policies, and directives.
ABOUT SAN BERNARDINO COUNTY
San Bernardino County is a diverse county that encompasses approximately 20,000 square miles and is home to urban areas in the most populated communities of the southwest county, the growing Victor Valley comprised of four cities with expansive residential development, the resort communities of the San Bernardino Mountains and Colorado River, and the vast desert areas with scattered rural communities. Home to majestic mountains, Joshua Tree National Park and the Mojave National Preserve, ample recreation opportunities abide in San Bernardino County’s open space such as skiing, hiking, boating, camping, and mountain biking.
ABOUT THE ORGANIZATION
Serving more than 2.1 million residents of San Bernardino County, the San Bernardino County Transportation Authority (SBCTA) is responsible for cooperative regional planning and furthering an efficient multi-modal transportation system countywide. The SBCTA administers Measure I, the 30-year half-cent transportation sales tax approved by county voters in 1989, and supports freeway construction projects, regional and local road improvements, train and bus transportation, railroad crossings, call boxes, ridesharing, congestion management efforts, and long-term planning studies. SBCTA also serves as the San Bernardino Council of Governments (SBCOG).
For more details about this opportunity, please visit: https://koffassociates.com/wp-content/uploads/2024/08/Rev2-SB-County-TA-CFO.pdf.
To be considered, please submit a resume, cover letter, and five work-related references (who will not be contacted in the early stages of the recruitment) to: https://koffassociates.com/sbcta-chief-financial-officer/. Resumes should reflect years and months of positions held, as well as size of past organization(s).
For additional information please contact:
Chelsea Freeman
(510) 570-3844
Website: https://koffassociates.com/