The Chief Financial Officer (CFO) is a key member of the senior leadership team responsible for overseeing the organization’s financial strategy, health, and performance. This role provides strategic guidance to ensure long-term financial sustainability, supports operational decision-making, and ensures the integrity of financial reporting. The CFO plays a critical role in driving growth, optimizing financial processes, and managing risk.

Financial Vendors/Relationships - Directs and is the main point of contact for all Financial and Investment advisors, legal counsel, bond counsel, disclosure counsel, bond underwriters, rating agencies and investor relations.
Debt and Swap Management – Oversees the Authority’s complex debt structure and related swap agreements to ensure compliance with covenants and leads new financing or refinancing efforts. Will be responsible to develop, maintain and execute the Authority’s long-term financial plan.
Financial Analysis - Direct analysis and financial planning for the Authority. Plan and strategize on tasks and responsibilities for Authority analyses and coordinate with other departments as needed; oversee key projects and ad hoc analysis requests. This includes analysis for new contracts or projects (ROI), leakage trends, traffic and revenue studies or analyses (including toll rates or evaluation of revenue streams), or other cost analysis needing to be performed.
Accounting and Internal Controls - Responsible for continuance of appropriate internal controls and segregation of duties related to the Authority’s accounting function. Ensure accounting standards are implemented and followed. Oversee the Controller and the overall function to ensure strong controls and processes are in place, are effective, and are reviewed and monitored.
Audit - Directs annual external financial statement audit including coordination of management, audit committee and board meetings and presentations and review of all key audit deliverables.
Cash Management - Directs the Authority’s cash management and treasury functions (several dozen operating and trust accounts) in accordance with bond resolution requirements and disclosures/policies and directs and reviews staff analysis and recommendations for movements with the various financial institutions to maintain operations and compliance and maximize investment returns with minimal risk in accordance with set policies.
Reporting and Compliance - Review all internal and external financial reporting information including financial statement audit report, budgets and monthly budget reports, quarterly financial statements, continuing disclosure compliance, certain financial information to the board, and traffic and revenue updates before they are sent outside of the finance department. Also, oversee the external submission of certain critical documents to ensure they are submitted in compliance with the various deadlines which includes the required annual report, audit report, and voluntary disclosure of website disclosures, dashboard report, interim financial statements, and filing of the approved budget and all continuing disclosure requirements from bond covenants.
Budget – Oversees and directs the annual budget process including review of budget proposals, cash flows, coverage ratios and other financial metrics, establishes goals or budget levels, attendance at budget meetings, and preparation for the board of directors. Presents to the board of directors the budget plan (workshop), budget adoption and appropriation before the start of the fiscal year, analyzes needs for budget amendments, and provides quarterly updates to the board of budget metrics and results.
Fiscal Planning and Strategies - Direct any modifications to financial strategies, objectives and policies and help provide recommendations to senior management including business process development, financial planning (future cash flow analysis) and debt management plans considering adopted financial goals. Function may include participation in board retreats and strategic planning, policies, managing the finance committee of the board and all communication and presentations, government affairs related to finance, business development and new revenue streams, master capital plan involvement, economic studies, or other studies related to financial planning of the Authority.
Team Leadership & Development – Lead and mentor the finance, accounting, and related operational teams, including procurement, budget and financial analysis. Promotes a culture of accountability, high performance and continuous improvement. Ensure the finance organization has the systems, processes, and talent necessary to support growth. The finance department currently has two (2) directors and nine (9) manager/staff positions.

10 years of experience in public finance including but not limited to, investment banking, debt management, project finance, budgeting and accounting and auditing, and recommended to have 5 years or more in the tolling industry.
A deep understanding and knowledge of accounting and internal controls, public finance, US GAAP with expertise in governmental accounting (GASB), internal and external audits, business and risk management specific to finance, cash and debt management, cash flow analysis, and budgeting. Also able to manage personnel and develop/mentor staff. Financial certification (e.g. CPA, CMA, etc.) is strongly encouraged.

Bachelor's degree (B.A.) in Accounting, finance or related field from an accredited College or University.

E-470 Public Highway Authority

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