Vice President of Finance
Direct Hire
Additionally, the VP of Finance will work closely with the Board of Directors, delivering actionable insights and shaping the long-term financial health of the District.
Key Responsibilities:
Financial Planning and Analysis
- Develop and execute the District’s financial strategy, encompassing short and long-term planning, budgeting, forecasting, and cash flow management.
- Develop and implement financial strategies that support the transit district's mission, goals, and operational sustainability.
- Oversee the preparation of the annual operating and capital budgets, including pro-forma financial statements and maintain 5-year financial plans, with semi-annual reviews of such plans with the finance committee.
- Conduct financial analysis and modeling to assess the financial implications of business decisions, revenue streams, and capital projects.
- Serve as a strategic partner to the General Manager and Board of Directors, providing actionable recommendations on financial planning, risk management, and resource allocation.
Financial Operations and Reporting
- Oversee day-to-day financial operations including accounting, financial systems, billing, revenue collection, and payroll
- Ensure timely monthly close and financial reporting that complies with relevant accounting standards and regulatory requirements.
- Monitor and analyze financial performance, and prepare detailed reports for internal and external stakeholders, including the Board of Directors, auditors, and funding agencies.
- Lead efforts to enhance financial reporting systems, tools, and processes for improved accuracy, transparency, and efficiency.
Compliance and Oversight
- Ensure compliance with municipal, state, and federal regulations governing public transit and quasi-municipal entities.
- Oversee annual audits, working collaboratively with external auditors and internal teams to address findings and implement improvements.
- Maintain and monitor internal controls to safeguard assets and ensure the integrity of financial systems.
- Advise leadership and Board of Directors on funding opportunities, grants, and public financing options to support long-term growth and sustainability of service.
- Manage grant revenue from FTA, DOT, State of Maine, MaineDOT, and MARAD, including tracking applications, awarded grants and compliance.
- Direct capital projects for the District, establishing criteria, budgets, and reporting obligations.
- Oversee a long-range capital plan, including grants, local match sources, and drawdown status.
- Build and lead a high-performing finance and accounting team, fostering a collaborative and high-performance culture.
- Provide training and development opportunities to ensure team members remain up-to-date on best practices and regulations.
- Drive transparency and collaboration across functions to achieve organizational objectives.
- Promote a workplace culture that reflects the transit district's commitment to accountability, transparency, and public service.
- Bachelor’s degree in business administration, finance, accounting or a related field, an advanced degree is preferred.
- Proven experience as a VP of Finance, Director of Finance or a similar senior finance role.
- Comprehensive knowledge of financial management principles, accounting practices, and regulatory compliance.
- Strong experience in financial planning, analysis, and modeling with the ability to interpret complex financial data and make strategic recommendations.
- Proficient in financial software and systems.
- Exceptional analytical and problem-solving skills with meticulous attention to detail.
- Excellent communication and interpersonal skills.
Ideal Candidate Attributes:
- Ability to translate financial concepts for stakeholders without a finance background.
- Commitment to continuous improvement in service delivery.
- A successful track record in grants management.
- Integrity, credibility, dedication, and a positive attitude.
- A proven ability to prioritize and manage multiple tasks in a fast-paced environment.
- Excellent written and oral communication skills, with the ability to negotiate and build relationships with various stakeholders.
Interested candidates should send a resume and cover letter to Mary Warren Libby, Director of Recruiting Services at ProSearch – mary@prosearchmaine.com.
ProSearch is proud to be an affirmative action / equal opportunity employer. All qualified applicants will receive consideration without regard to race, creed, gender/sex, marital status, sexual orientation, citizenship status, color, religion, national origin, age, disability, veteran status, or any other status protected under local, state, or federal laws.
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- federal, state, and local regulations, including grant requirements.
- Oversee day-to-day financial operations including accounting, financial systems, billing, revenue collection, and payroll.