Sr. Vice President, Management & Budget

General Hybrid Work Statement:

This opportunity is a hybrid opportunity allowing for flexibility between virtual and in-person work subject to the Authority's telework policy.

MINIMUM QUALIFICATIONS

Education

• Bachelor's Degree in Business Administration, Accounting, Public Administration, or a related field
• In lieu of a Bachelor's degree, a high school diploma or GED and 4 years of diversified, executive level, senior management and administrative experience in budget preparation and execution.

Experience

• A minimum of twelve (12) years of diversified executive level experience in financial management, budgeting, or public administration.
• Must have previous relevant supervisory and management experience.

Certification/Licensure

• N/A

Preferred

• Master's degree in Business Administration, Accounting, Public Administration, or a related management field

Medical Group

Satisfactorily complete the medical examination for this position, if required. The incumbent must be able to perform the essential functions of this position either with or without reasonable accommodations.

SUMMARY

The Senior Vice President, Management and Budget is responsible for budget strategy, fiscal policy oversight, leadership, and execution of Metro's operating, capital, and revenue budgets. The Senior Vice President provides strategic oversight and direction for Authority-wide financial management activities. Additionally, the incumbent is responsible for developing capital budget and six-year Capital Improvement Program (CIP) strategy and oversight for investments in Metro's infrastructure, including all reimbursable capital projects. The Senior Vice President assures that federal government programming and oversight, Capital Funding Agreement (CFA), Board of Directors (BOD), and other requirements governing the budget are met. The incumbent is further responsible for directing budget activities across the Finance organization (i.e., Management and Budget, Real Estate and Development, Treasury, Procurement, and Accounting) and the Authority to accomplish Metro's goals and objectives.

Essential Functions

Budget Preparation and Execution

• Leads creation, implementation, and management of strategic portfolio of Authority-wide financial planning, budgeting, reporting and management activities.
• Oversees development of authority operating and capital budget and WMATA wide management activities in support of those budgets.
• Develops, recommends, and implements metrics to monitor and track budgets, initiatives, ridership, and expenses to inform strategic business plans and processes.
• Ensures collaborative partnership and strategic oversight across the organization to ensure the successful issuance of the Authority's proposed and adopted annual operating and six-year CIP budgets, budget books, and related documents.
• Spokesperson for the office and the department on matters pertaining to financial management and capital programs and attends internal and external meetings to provide presentations and reports on the Authority's budgetary status; advises Chief Financial Officer, General Manager/Chief Executive Officer, and the Board on financial issues.
• Liaison to external stakeholders, e.g., local jurisdictions in the planning, evaluation, development, negotiation, and administration of various formulas used to assign subsidy and, where appropriate, revenues and costs to reach jurisdiction for operating and capital-programs and for subsidy billings to jurisdictions based on these formulas.
• Develops economically efficient and financially sound strategy and policy to ensure plans, budgets, and programs maintain financial integrity and uphold the public trust that Washington Metropolitan Area Transit Authority (WMATA)'s finances are well managed.
• Oversees Senior Directors of Operating Budget, Financial Reporting and Management Analysis and Planning; and the Directors, Capital Budget, Funds and Grants Management, Capital Project Financial Support in the developing, planning, coordination, and implementation of the operating and capital budget, financial reporting, jurisdictional subsidy allocations, Metrorail, Metrobus, and Metro Access ridership and revenue estimates and analyses, non-passenger revenue estimates, and capital program support and grants management.
• Oversight of budget management, performance, corrective actions, preparation, and submission of federal grant applications to the Federal Transit Administration (FTA).
• Oversees the planning, implementation, and management of budget for WMATA strategic initiatives.

Fiscal Compliance

• Oversight of monthly financial reports for internal and external use, including operating and capital expenditures and ridership and revenue information.
• Identifies issues and recommends corrective action to the EVP/CFO and GM/CEO, when necessary.
• Strategizes, develops, and implements financial policies and procedures ensuring consistency and adherence to regulations, policies and procedures FTA and Authority financial reporting requirements.
• Ensures implementation and management of approved federal grant programs.
• Responsible for the policy development and oversight of management and direction of Management and Budget.

OTHER FUNCTIONS

• Oversees and directs general office administrative activities, including but not limited to, the development and management of budgets, personnel, and contractor management as well as business plan development.
• Develops, implements, and monitors strategies to effect positive organizational changes.
• Develops, recommends, and implements metrics to monitor and track budgets, initiatives, ridership, and expenses to inform strategic business plans and processes.

The essential duties listed are not intended to limit specific duties and responsibilities of any particular position. Nor is it intended to limit in any way the right of managers and supervisors to assign, direct and control the work of employees under their supervision.

Evaluation Criteria

Consideration will be given to applicants whose resumes demonstrate the required education and experience. Applicants should include all relevant education and work experience.

Evaluation criteria may include one or more of the following:

• Skills and/or behavioral assessment
• Personal interview
• Verification of education and experience (including certifications and licenses)
• Criminal Background Check (a criminal conviction is not an automatic bar to employment)
• Medical examination including a drug and alcohol screening (for safety sensitive positions)
• Review of a current motor vehicle report

Closing

WMATA is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other status protected by applicable federal law.

This posting is an announcement of a vacant position under recruitment. It is not intended to replace the official job description. Job descriptions are available upon confirmation of an interview.