Nature of Work: The Chief Financial Officer (CFO) is responsible for ensuring the organization’s overall financial health and stability that allows for the delivery of major transportation infrastructure that are key to Maryland’s economy and its residents’ and visitors’ quality of life. This C-Suite position is the authority on financial matters and internal controls. This position mitigates risks and collaborates with MDTA Board Members, the Executive Director and other Chief Officers on the agency’s strategic goals, priorities, and mission. The CFO is a key executive who supports the MDTA’s tolling program and preservation of revenue.

The CFO provides executive oversight of the MDTA’s Divisions of Finance, Partnerships and Finance Administration, and Procurement. Collectively, these Divisions are responsible for activities such as:

Preparing Annual Comprehensive Financial Reports, financial forecasts and scenario analyses affecting toll revenue, capital and operating budgets, debt affordability, and toll rate proposals;
Directing, managing and/or monitoring the inflow and outflow of funds, including its $1 billion investment portfolio; $2 billion debt portfolio, annual $440 million operating budget, and annual $800 million toll revenue attainment;
Providing accountability for the Board Finance and Administration Committee agendas, materials, and presentations to the MDTA Board members, and all budgetary and financial-related materials presented to various legislative committees and fiscal notes for all proposed legislation affecting the MDTA;
Procuring services, information technology, architectural and engineering, construction, commodities, and maintenance contracts valued at $300 million annually;
Ensuring compliance with all financial and procurement statutes, regulations, control directives, best practices, and trust agreements with bondholders and the travel plaza public-private partnership (P3);
Collaborating with the Division of Operations on tolling activity and toll revenue assurance;
Coordinating the receipt of federal funds and development of future Public Private Partnerships (P3s);
Securing third-party insurance and recovery of damage caused by drivers; and
Safeguarding materials and supplies inventory and fixed assets.

This position reports directly to the MDTA Executive Director. The current vacancy is located in Baltimore, MD. Hybrid telework schedules may be available for this position.

MDTA employees are offered a generous benefits package including a minimum of 11 paid holidays, a minimum of 27* days of leave annually (personal, vacation, and sick), access to the State Pension System, deferred compensation plans, excellent health, dental, and vision plans, and more! *May be prorated based on start date.

PREFERRED QUALIFICATIONS:

Education: Bachelor’s degree from an accredited college or university in Finance, Accounting, Business Administration, Economics, Public Administration, or a related field.

Experience: Ten years of progressively responsible experience in financial management, accounting, budgeting, treasury, debt management, procurement, or related fields. Five years of executive or senior management experience overseeing multiple financial functions, such as budgeting, revenue management, procurement, and financial forecasting.

The ideal candidate will possess the following:

Certified Public Accountant (CPA) with experience in a high-level management position,
Master’s Degree in Accounting, Business Administration, Finance, or Economics
Experience in revenue bond issuance, refunding, debt management, and credit rating agencies interactions, including compliance with trust agreements and reporting requirements
Experience evaluating and implementing revenue adjustments, forecasting revenue impacts, and working with stakeholders on policy decisions
Strong understanding of and experience in enterprise risk management, including managing a strong internal control environment
Proven executive-level experience in an organization leading the evolution of the finance function, building relationships, and cultivating strategic influence

Please include all relevant experience on your application. This includes but is not limited to full or part-time, volunteer, military, acting capacity, or any other experience that is relevant to the position you are applying for.

If you have held more than one (1) position at the same employer, please list each position that you held and the length of time that you held each position.

Note: U.S. Armed Forces military service experience as defined under the Minimum Qualifications may be substituted for the required education and experience on a year-for-year basis.

Licenses & Certifications

None.

Additional Information

APPLICATION PROCESS:

Please apply online at https://www.governmentjobs.com/careers/mdotmd RESUMES CANNOT BE SUBSTITUTED FOR THE ONLINE EMPLOYMENT APPLICATION. Paper applications (Form DTS-1) will not be accepted for this recruitment.

NOTES:

Please be advised that the State of Maryland is dedicated to a drug-free workplace, and as a result, employees are subject to the State's Substance Abuse Policy, including possible drug testing. Selected candidate(s) may be subject to background and reference checks.

The incumbent in this position will not be a member of a covered bargaining unit.

For education obtained outside the U.S., at the time of application, you are required to provide proof of the equivalent American education as determined by a foreign credential evaluation service, such as the National Association of Credential Evaluation Services (http://www.naces.org) or World Education Services: International Credential Evaluation (https://www.wes.org/). This must be submitted as an attachment with the application for the position in which you are applying.

The Maryland Transportation Authority is not sponsoring new employees in the application of the H-1B Visa or providing an extension of an existing H-1B Visa currently due to budgetary constraints. All applicants must be legally authorized to work in the United States under the Immigration Reform and Control Act of 1986. Federal regulations prohibit H-1B Visa candidates from paying sponsorship fees, all sponsorship fees must be assumed by the potential employer.

WE ARE AN EQUAL-OPPORTUNITY EMPLOYER. MDTA does not discriminate based on age, ancestry, color, creed, gender identity or expression, genetic information, marital status, mental or physical disability, national origin, race, religious affiliation, belief or opinion, sex, or sexual orientation.

MDOT has various careers for people of all experiences, backgrounds, and abilities who come together to contribute to one mission - connecting our customers to life’s opportunities. Join us in serving our Maryland residents, visitors, and businesses!

Reasonable Accommodations for persons with disabilities will be provided upon request.

Appropriate auxiliary aids and services for qualified individuals with disabilities will be provided upon request. Please notify in advance. MD Relay Service Number 1-800-735-2258 (TTY Number: 711).

Bilingual applicants are encouraged to apply.

Maryland Transportation Authority Jobs

Chief Financial Officer