Financial Officer - Operating Budget

Posted on Jan 21, 2019 by Washington Metropolitan Area Transit Authority

Washington, WA
24 Dec 2018
Annual Salary
Job Description Department Marketing Statement:

The Washington Metropolitan Area Transit Authority (WMATA) Office of Management and Budget Services (OMBS) is seeking to hire a Financial Officer - Operating Budgets. This position will have responsibility for coordinating, reviewing and providing guidance related to assigned sections of WMATA's Operating Budget. Activities will include, but are not limited to, preparation of detailed projections with appropriate supporting documentation, financial and statistical analysis, big data analytics and troubleshooting, revenue and ridership projections, preparation of detailed business cases, etc. The successful candidate will leverage strong finance/economics and compliance backgrounds to explore historical financial data, predict future results and drive process and policy improvements. The ideal candidate will have excellent time management and organizational skills, ability to multitask and meet constant deadlines, expert knowledge of excel and access.

Minimum Qualifications:

Graduation from an accredited college or university with a bachelor's degree in Business Administration, Finance, Accounting, or a related field. A minimum of eight (8) years of progressively responsible experience in the development, administration, measurement, communication and execution of financial plans or budget programs applicable to transit operations and capital programs, including a minimum of four (4) years of experience in the management/high-level supervision of such work functions. Experience must also include presenting and justifying major organization-wide budgetary initiatives and programs and evaluating/costing complex and comprehensive budget initiatives. Expertise with PeopleSoft Financials, Oracle and Cognos is desirable.

Or, the successful completion of some post-secondary school in business administration, finance, accounting, or a related field plus a minimum of twelve (12) years of progressively responsible experience in the development, administration and execution of financial plans or budget programs applicable to transit operations and capital programs, including a minimum of four (4) years of experience in the management/high-level supervision of such work functions. Experience must also include presenting and justifying major organization-wide budgetary programs and evaluating/costing complex and comprehensive budget initiatives. Expertise with PeopleSoft Financials, Oracle and Cognos is desirable.


Training and certification as a Project Management Professional (PMP), continuous improvement training such as Six Sigma, Lean Six Sigma, ISO, and demonstrable project management experience is desirable.

Medical Group:

Ability to satisfactorily complete the medical examination for this position. Must be able to perform the essential functions of the job either with or without reasonable accommodations.

Job Summary/Duties:

This is professional financial and management analysis work of a difficult and complex nature. Incumbent works independently on projects and activities related to the planning, development, monitoring and reporting on performance and delivery of the operating and/or capital budgets/programs. Incumbent in this class is responsible for the planning, development, documentation, support, and implementation of Authority budgets affecting the delivery of Metro's programs on a monthly, quarterly annual and multi-year basis.

Incumbent supervises, coordinates, and provides oversight and direction for Authority short and long-range budgeting and financial planning activities. This position reviews, analyzes and develops recommendations to support actions, policies, and management decisions pertaining to complex budget issues; develops alternative methods to costing operational and capital investment strategies that benefit the Authority; and formulates budgetary strategies, procedures and guidelines.

Employee is self-motivated and prepares clear and meaningful analyses of WMATA's budgets including, but not limited to, assumptions, operating revenues and expenses, staffing, procurement, capital project and program management/delivery, risks, and other areas.

Coordinates, directs and provides guidance to professional staff in activities associated with the development and implementation of Authority budgets, including the operating budget, capital programs, and reimbursable budgets. These activities include preparation of summary and detailed budgets, appropriate supporting documentation, and financial analysis and presentation materials. Provides input and supports the development of oral, written and visual presentation materials for Board Committees. Presents and justify budgets and budget initiatives.

Supports the preparation of Business Plans and other multi-year planning documents linking the Strategic Plan with budgets and financial plans. Working with OMBS management to provide assistance quantifying actions and strategies contained in the business plans for incorporation in the Authority's annual operating and capital budgets. Monitors, evaluates and reports on the implementation of the Authority's Business Plan to ensure that the plan's objectives are being met.

Analyzes and maintains an overview of operating, capital and reimbursable programs to assure establishment and achievement of long and short term goals.

Works with program staff to develop meaningful performance metrics to measure program delivery and enable the Authority to report on program success and opportunities for improvement.

Participates and takes a leadership role in team or matrix management approaches on a departmental and Authority-wide basis.

Leads change initiatives and process improvement activities to help the Authority achieve its goal of sustainability and long term financial viability.

Prepares ridership and revenue estimates on a current and long term basis. Provides analysis of ridership and revenue trends on Metrobus, Metrorail and MetroAccess.

Manages, coordinates and evaluates the preparation of monthly financial statements which include operating expense and capital cost components and deliverables. Directs and provides support and guidance to professional staff responsible for financial analysis and narrative explanations of issues which impact the Authority's financial condition and program delivery.

Ensures coordination and consistent treatment of financial information that impacts the operating budget and capital programs. Develops practices and procedures to ensure that accounting activities for such budgets are made in a manner that is consistent with the overall financial objectives set forth for the Authority, such that financial reporting of actual activities can be measured against approved financial plans, forecasts, and budgets.

Establishes and maintains liaison with Authority officers and senior management, as well as senior staffs of Federal, state, and local jurisdictional agencies.

Develops statistical models for evaluating the financial impact of internal and external variables on budget initiatives, strategies, risks, and the financial health of the Authority. Develops and recommends alternatives and options for management consideration.

The above duties and responsibilities are not intended to limit specific duties and responsibilities of any particular position. It is not intended to limit in any way the right of 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:

    Personal InterviewSkills AssessmentsVerification of education and experienceCriminal Background CheckCredit history report for positions with fiduciary responsibilitiesSuccessful completion of a medical examination including a drug and alcohol screeningReview of a current Motor Vehicle Report

Washington Metropolitan Area Transit Authority, a Federal contractor, is an Equal Opportunity / Affirmative Action employer. All qualified applicants receive consideration for employment without regard to race, color, creed, religion, national origin, sex, gender, gender identity, age, sexual orientation, genetic information, physical or mental disability, or status as a protected veteran, or any other status protected by applicable federal law, except where a bona fide occupational qualification exists. Our hiring process is designed to be accessible and free from discrimination.

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.

Reference: 614635715

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