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

The intent of this job description is to provide a representative summary of the major duties, locations, and responsibilities performed by incumbent(s) in this job. Incumbent(s) may not be required to perform all duties in this description, and incumbent(s) may be required to perform work-related tasks other than those specifically listed in this description. This job description is not a “contract” between the employee and the Authority. The job duties and essential functions may be changed at the discretion of the General Manager.

General

Job Title:

Chief Financial Officer and Executive Vice-President, Finance, Procurement , and Compliance

Job Code:

OA0294

Supervises Directly:

Yes

New or Revised:

Revised

Regular or At-Will:

At-Will

Date Last Revised:

2/28/2024

Exempt or Non-Exempt:

Exempt

Compensation Approval Signature:

Union/ Non-Union:

Non-Union

Division

Department

Finance-Central Administration, Finance, Procurement and Compliance

Salary Schedule:

Executive Grade

Cost Center Code:

300000

Grade:

ESSD

Essential Position:

Yes

Reports To:

CEO/General Manager

EEO Code:

Officials and Administrators

Work Format

Hybrid

Who We Are & What We Do:

At DC Water, we provide more than 700,000 District of Columbia residents and 24.6 million annual visitors with essential water, wastewater, and stormwater services. DC Water also provides wholesale wastewater treatment services for 1.8 million people in Montgomery and Prince George's counties in Maryland, and Fairfax and Loudoun counties in Virginia . We aspire to be known for superior service, ingenuity, and stewardship to advance the health and well-being of our diverse workforce and communities. To achieve this vision, we commit to our shared mission every day—exceeding expectations by providing high quality water services in a safe, environmentally friendly, and efficient manner.

Role Description:

The Chief Financial Officer and Executive Vice-President (EVP), Finance, Procurement, and Compliance is a member of the Senior Executive Team (SET) and is the organization’s key leader in ensuring the financial sustainability of DC Water and its overall strategic vision. The role is responsible for strategic planning, management, and control of all finance, procurement, and contract compliance-related activities at DC Water, ensuring alignment with organizational objectives and compliance with industry standards and regulatory requirements. This includes direct responsibility for accounting operations, financial governance, contract compliance, financial planning, payroll, and accounts payable, overall financial planning and forecasting, rate setting, budget alignment, risk management, asset management, treasury and debt management, and strategic procurement.

Essential Duties & 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.

Supervisory Responsibilities : Provides daily planning and administration in the selection, assignment, supervision, promotion, discipline, and training of personnel within the office. Manages and evaluates the progress of the office towards meeting goals and adjusts objectives, work plans, schedules, and commitment of resources.

Key Working Relationships: Interacts with high level officials, the Senior Executive Team (SET), the Board of Directors, leaders across Departments, government officials, private agencies and organizations, public constituents and representatives, community organizations and groups, and external vendors.

Skills & Qualifications:

The qualifications listed below are representative of the knowledge, skill, and ability necessary for an individual to perform each essential responsibility satisfactorily. Reasonable amounts of training are provided.

Required Skills & Qualifications

Required Experience:

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

Minimum Education Requirements:

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

Required Skills:

Financial Acumen

Strategic Planning

Business Process/Business Acumen

Financing & Investment Planning

Accounting & Financial Reporting

Budgeting

Cashflow & Debt Planning

Problem Solving

Integrity & Accountability

Team Development

Required Licenses & Certifications:

None

Required Languages:

English

Physical Requirements:

General office conditions

Preferred Skills & Qualifications

Preferred Experience:

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

Preferred Education Requirements:

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

Preferred Skills:

Revenue Management & Forecasting

Risk Management

Accounts Receivables Management

Communication Expertise

Technology Fluency

Cross-Functional Collaboration

Data-Driven Decision Making

Adaptable & Agile

Preferred Licenses & Certifications:

Certified Public Accountant (CPA)

The work environment characteristics described in the physical requirements section of the required skills & qualifications table are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential responsibilities.*

Your Experience at DC Water :

At DC Water, our people make us an industry leader. Join a group of thinkers, innovators, and problem solvers focused on protecting life’s most precious resource in the nation’s capital.

- Take pride in your work. We provide an essential service and do work that matters. A career at DC Water is an exciting opportunity to help improve the environment and make a lasting difference for the community.

- Connect to a strong culture. Everything we do is grounded in our shared values—accountability, trust, teamwork, customer focus, safety, and wellbeing.

- Be your true self. We are an inclusive organization that embraces diversity, and we recognize and celebrate employees’ individuality and unique contributions.

- Build your skills and career path. We are committed to developing a future-ready workforce by helping our employees develop skills for the jobs of tomorrow.

We are proud to be an EEO/AA employer M/F/D/V.

We maintain a drug-free workplace and perform pre-employment substance abuse testing

The Americans with Disabilities Act prohibits discrimination against “qualified individuals with disabilities”. If a reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please email complianceada@dcwater.com .