E - Public Highway Authority

E-470 Public Highway Authority is a dynamic 47 mile toll road on the eastern perimeter of the Denver Metro area that serves its customers as well as providing back office tolling services for all other toll facilities in the State of Colorado.. The Director of Finance is the chief financial officer (CFO) for the E-470 Public Highway Authority and oversees all financial aspects of the Authority operations and reporting.. Directs all accounting, finance, procurement, treasury, debt, swap and cash management, financial audits, budget, proper internal controls, tolling services (financial side), and overall fiscal responsibility and management of Authority finances and financial condition.. Finance Team Leadership -Oversee the entire finance department, which includes direct supervision of the Controller, Senior Financial Analyst Supervisor, Procurement Manager, and indirect supervision of the remaining eight department staff including 5 within the accounting wing of the department and three within the administrative wing of the department.. 10 years of experience in public finance including but not limited to, investment banking, debt management, project finance, budgeting and accounting and auditing, and recommended to have 5 years or more in the tolling industry.

director of finance

E-470 OVERVIEW: E-470 Public Highway Authority is a dynamic 47 mile toll road on the eastern perimeter of the Denver Metro area that serves its customers as well as providing back office tolling services for all other toll facilities in the State of Colorado. E-470 strives to provide top-notch customer service, improve safety and save time for our drivers while being Colorado’s one-stop-shop for tolling. JOB FUNCTION: The Director of Finance is the chief financial officer (CFO) for the E-470 Public Highway Authority and oversees all financial aspects of the Authority operations and reporting. Directs all accounting, finance, procurement, treasury, debt, swap and cash management, financial audits, budget, proper internal controls, tolling services (financial side), and overall fiscal responsibility and management of Authority finances and financial condition. Includes obtaining and maintaining relationships with finance vendors/consultants, oversee and conduct fiscal strategies and forecasting, planning, ensuring funds and budget are available for OPEX and CAPEX projects, and oversight of internal and external reporting and compliance with financial areas. JOB DUTIES: Financial Vendors/Relationships – Serves as the main point of contact and directs financing activities including coordination with traffic and revenue consultant, financial and investment advisors, bond and disclosure counsel, investment bankers, rating agencies and investor relations. Debt and Swap Management – Oversees the Authority’s complex debt structure and related swap agreements to ensure compliance with covenants and leads new financing or refinancing efforts. Ensure the Authority maintains and executes the plan of finance. Function includes: • Payments - Ensure bond payments are accurately funded throughout the year and timely paid. • Financial Advisors – Coordinate all activities with the financial and swap advisor for any Authority efforts on financial matters. Oversee the entire relationship and contract management. • Bond Program - Direct and manage any bond transactions including assembling the bond team, engaging contractually, conducting any solicitations for services, coordinating with the financial advisor, presenting to the board or committee and rating agencies, and ensure the outcome is aligned with the debt management policy and financial goals. • Investor Relations – Lead and be the main point of contact for investor inquiries and participate at specific events or conferences to discuss the E-470 credit. • Debt Management and Derivative Policy and Financial Goals – Oversee and ensure compliance with the board-adopted debt management and derivative policy including communication and analysis of financial goals (projected cash flows). • Bond Ratings – Lead and serve as the main point of contact for rating agency updates, presentations, and coordination including specific bond deals, current Authority activities, financial condition, and future financing plans. Financial Analysis - Direct analysis and financial planning for the Authority. Plan and strategize on tasks and responsibilities for Authority analyses and coordinate with other departments as needed; oversee key projects and ad hoc analysis requests. This includes analysis for new contracts or projects (ROI), leakage trends and analysis, traffic and revenue studies or analyses (including toll rates or evaluation of revenue streams), or other cost analysis needing to be performed. Accounting and Internal Controls - Responsible for ensuring continuance of appropriate internal controls and segregation of duties related to the Authority’s accounting function. Ensure accounting standards are implemented and followed. Oversee the Controller and the overall function to ensure strong controls and processes are in place and effective, and are continually reviewed and modified as necessary. Audit - Directs annual external financial statement audit including coordination of management, audit and finance committee and board meetings and presentations and review of all key audit deliverables. Cash Management - Directs the Authority’s cash management and treasury functions (several dozen operating and trust accounts) in accordance with bond resolution requirements and disclosures/policies and directs and reviews staff analysis and recommendations for movements with the various financial institutions to maintain operations and compliance and maximize investment returns with minimal risk in accordance with set policies. Reporting and Compliance - Review all internal and external financial reporting information including financial statement audit report, budgets and monthly budget reports, quarterly financial statements, continuing disclosure compliance, certain financial information to the board, and traffic and revenue updates before they are sent outside of the finance department. Also, oversee the external submission of certain critical documents to ensure they are submitted in compliance with the various deadlines which includes the required annual report, audit report, and voluntary disclosure of website disclosures, dashboard report, interim financial statements, and filing of the approved budget and all continuing disclosure requirements from bond covenants. Budget – Oversees and directs the annual budget process including review of budget proposals, cash flows, coverage ratios and other financial metrics, establishes goals or budget levels, attendance at budget meetings, and preparation for the board of directors. Presents to the board of directors the budget plan (workshop), budget adoption and appropriation before the start of the fiscal year, analyzes needs for budget amendments, and provides quarterly updates to the board of budget metrics and results. Function also includes: • Oversees the finance department’s budget; determines staffing, equipment, materials and supplies requirements; approves expenditures and implement budgetary adjustments as appropriate and necessary to hit budget targets. • Review of monthly budget reports for Authority-wide updates and review finance department results. • Ensures budgets are filed with the State and continuing disclosure requirements. Fiscal Planning and Strategies - Direct any modifications to fiscal financial strategies, objectives and policies and help provide recommendations to senior management including business process development, financial planning (future cash flow analysis) and debt management plans considering adopted financial goals. Function may include participation in board retreats and strategic planning, policies, managing the finance committee of the board and all communication and presentations, government affairs related to finance, business development and new revenue streams, master capital plan involvement, economic studies, or other studies related to financial planning of the Authority. Financial Matters of Tolling Services - Oversee the Authority’s efforts to accurately bill and timely collect costs incurred by the Authority on behalf of external agencies regarding the various tolling services performed and ensure those costs are recovered in accordance with the tolling services agreements. This will include oversight of the reimbursable billings, cost model (including true-ups), and related cost/transaction activities and reconciliations. Annual Report - Responsible for the required Annual Financial Report. Director Team Leadership – Provide leadership and organization to the recurring director-only collaboration meetings including scheduling, planning, and leading discussions on specific topics and strategies. Assist other directors with issues if requested. Finance Team Leadership -Oversee the entire finance department, which includes direct supervision of the Controller, Senior Financial Analyst Supervisor, Procurement Manager, and indirect supervision of the remaining eight department staff including 5 within the accounting wing of the department and three within the administrative wing of the department. Performs management and supervisory duties for assigned staff including but not limited to: • Provides continuous feedback to employees using specific terms regarding work performance; • Conducts annual performance appraisals according to established guidelines; • Helps employees identify areas of strength and areas for development; • Instructs and demonstrates ways that employees may improve performance and gain new skills. SKILLS AND REQUIREMENTS: • Bachelor's degree (B.A.) in Accounting, finance or related field from an accredited College or University. • 10 years of experience in public finance including but not limited to, investment banking, debt management, project finance, budgeting and accounting and auditing, and recommended to have 5 years or more in the tolling industry. • A deep understanding and knowledge of accounting and internal controls, public finance, US GAAP with expertise in governmental accounting (GASB), internal and external audits, business and risk management specific to finance, cash and debt management, cash flow analysis, and budgeting. Also able to manage personnel and develop/mentor staff. Financial certification (e.g. CPA, CMA, etc.) is strongly encouraged. Job Type: Full-time • Pay Range: $195,000-230,000 Benefits: • Group Medical, Dental, Vision, Life Insurance, Short- and Long-Term Disability • Retirement plan • Paid time off • Professional development/ Tuition reimbursement #J-18808-Ljbffr

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