Chief Financial Officer (CFO)
Dept of Rail & Public Trans (505)
The Virginia Department of Rail and Public Transportation (DRPT) plans, establishes, maintains, improves, and promotes public transportation services, human service transportation services, commuter assistance, and rail transportation systems in the Commonwealth of Virginia. DRPT also strategically manages the demand to provide effective and efficient transportation choices for the people of the Commonwealth.
We are seeking an accomplished leader to serve as the Chief Financial Officer (CFO) to provide strategic direction for the financial operations of DRPT. This position is responsible for directing DRPT’s core financial functions for budget, financial programming, financial reporting, fiscal operations, and audit. The CFO:
- Develops the DRPT Six Year Improvement Program (SYIP) ($5.7 billion) each year
- Develops and presents Annual Agency Budget (approximately $1 billion)
- Develops and monitors the annual agency operating and biennial appropriated budgets
- Ensures successful implementation of financial review programs to support the management of over 2,000 grants/projects by performing:
- Cash flow modeling
- Financial information review during application process
- Operating expenditure and cost allocation review
- Contract administration
- Federal financial compliance
- Compliance oversight of performance requirements in DRPT contracts
- Review and processing of reimbursement requests
- Directs agency fiscal operations to ensure proper financial controls over DRPT assets and ensures compliance with all applicable requirements
- Ensures clear and transparent presentation of financial information to the CTB and General Assembly to include a quarterly financial report to the CTB
- Ensures compliance with APA and DOA standards
- Directs the internal and external financial compliance review and audit programs
- Oversees the audits of DRPT from State and Federal oversight entities
The CFO is a trusted member of the executive leadership team and will collaborate with other agency leaders, a broad constituency of high-level public and private executives, legislators, and the public, to develop and advance DRPT financial initiatives.
The CFO works collaboratively to advance the Commonwealth’s overall freight, rail, public transportation, and commuter assistance programs, and is a champion of the DRPT mission.
The Department of Rail and Public Transportation offers a generous total compensation package. Well qualified candidates will be eligible to negotiate Exceptional Recruitment Incentives. New external candidates of the Commonwealth will be eligible to negotiate cash and leave bonuses upon hire. Existing State employees will be eligible to negotiate leave bonuses upon hire.
The Department of Rail and Public Transportation offers a generous total compensation package. Well qualified candidates will be eligible to negotiate Exceptional Recruitment Incentives. New external candidates of the Commonwealth will be eligible to negotiate cash and leave bonuses upon hire. Existing State employees will be eligible to negotiate leave bonuses upon hire.