The CFO is the utility's lead financial representative and interacts regularly with Bond Rating Agencies, City Budget Office, City Council and the Mayor's Office. In addition, this position is also responsible for the accuracy, integrity, and quality of SPU's official annual financial statements for the Water, Drainage & Wastewater, and Solid Waste lines of business.
Ensure the effectiveness of financial and accounting
Oversee the development of the annual budget in accordance with city procedures and departmental operating requirements, including revenue, expense and capital spending budgets.
Provide oversight of the delivery of timely and relevant financial reporting to the CEO, CAO, Deputy Directors and leaders of the department.
Direct performance for all three Enterprise Funds and related bond issuances.
Maintain open and transparent relationships with rating agencies, representing SPU at presentations and other bond issuance and ratings related activities.
Ensure that SPU develops and maintains an optimal capital structure, minimizing its cost of capital while maintaining financial flexibility.
Coordinate SPU's financial responses to the City Budget Office (CBO), City Mayor, rating and other as required.
Provide executive oversight of SPU financial operations and other assigned functions, ensuring operational excellence.
Manage the development of rates, in alignment with utility SPU strategic business planning processes that include customer input, and city processes.
Participate as a member of SPU's executive collaborating on the utility's planning, policies, procedures, and culture building.
Work to build a culture of affordability and accountability in budget development and rate setting where every employee seeks to control costs and maximize investment value.
Work with SPU leadership to foster exploration of viable opportunities to leverage SPU financial capital through public private partnerships, grant funding and other alternative financing and project delivery approaches.
Manage and empower a team that includes: Accounting, Contracts & Procurement, Real Property, and Finance.
The ideal candidate is ethical, knowledgeable, nimble, financially creative, and shares our interest in advancing equity, inclusivity, transparency, accountability, affordability and sustainability in all we do. The ideal candidate cultivates a connected, coherent, empowered, capable and resilient staff and is focused upon the interests of the utility's customers and community.
Candidates background should show progressively responsible professional experience in financial management, financial analysis, accounting, auditing, budgeting, forecasting, treasury and investment management, debt issuance, rate making and management in a municipal, local, or other governmental entity and a track record of supervisory/management experience over a related division or organization
Education Bachelor's degree from an accredited college or university in accounting, finance, business administration, CPA or a closely related field.
Please note this job advertisement is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Additional Salary Information: Compensation and Benefits:
The City of Seattle provides a generous benefits package to its employees which includes:
• Health, dental, vision, long term disability and group term life insurance
• Defined benefit retirement plan
•10 paid City holidays and 2 personal holidays
•12 to 30 days of vacation per year, based on length of City of Seattle service
•4 days of executive leave per year
•12 days of sick leave per year
•Paid family leave care, up to 4 weeks
•Paid parental leave, up to 12 weeks
•Optional 457 deferred compensation plan
•Flexible benefit plan contributions by employee on a pre-tax basis
•Employee Assistance Program
About City of Seattle, Seattle Public Utilities
The mission of the Office of Housing (OH) is to invest in and promote the development and preservation of affordable housing that offers the opportunity for the City to thrive. In order to accomplish this mission, OH has established four budget control levels, including the Multi-Family Production and Preservation program, Home ownership and Sustainability program, Community Development program, and the Administration and Management program.
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