Position Information

Functional TitleSr. Strategic Financial Management Advisor

Recruitment Category TypeStandard

Functional CategoryFinance/Accounting

GradeGS.15

FLSA StatusExempt

Requisition Number24-0268

Number of Vacancies1

Job LevelDivision Manager

Job CodeN/A

Job Description Summary

Organization NameDepartment Office

Reports toChief Financial Officer

Full or Part TimeFull Time

If Part Time how many hours per week

Regular or TemporaryRegular

Position End Date (if temporary)

Work Schedule

8:00 am – 5:00 pm, M-F

Position LocationLaurel

Position Summary Information

General Summary

TheSr. Strategic Financial Management Advisorprovides senior-level internal financial consulting services in support of key Commission-wide strategic priorities.The Advisor oversees three strategic enterprise-wide programs: 1) grants 2) insurance/finance risk management and 3) internal financial consulting.In addition, the Advisor will serve as a critical partner in advising leadership on the financial aspects of enterprise-wide strategic initiatives and high-level projects. This role supports the alignment and achievement of the enterprise’s annual and multi-year goals through financial research and analysis as well as through performance measurement and process reviews to enable cost savings/efficiencies and improved financial services and stronger internal controls.

Essential Functions

Grants Program–

• Researches and identifies grant opportunities; assures applications are correct and filled timely

• Coordinates with operating department managers on the submission of contracts for Board of Public Works or other grantor agencies’ approval

• Leads regular cross-departmental team to follow up on grant issues

• Monitors contracting progress, change orders and relevant communication with grantors to increase budget authority

• Coordinates discussions with cross-department managers to assure timely recording and reconciliation of grants receivable, timely filing and receipt of the reimbursement requests

• Serve as a point of contact with State and Federal agencies on grant and loan opportunities and administration of existing grant and loan programs

• Elevates concerns to CFO

Insurance/Finance Risk Management Program–

• Plans, develops and reviews the WSSC Water risk administration and loss control programs and policies

• Administers and ensures state compliance of WSSC Water’s insurance program with applicable laws and regulations

• Solicits bids from brokers for insurance coverage and respond to questions and provide input for evaluation of responses

• Develops solicitations for actuarial services and respond to questions from bidders and prospective bidders and develop criteria and process for evaluating proposals

• Gains knowledge about operational structure to enable contact with team members to complete insurance applications

• Advises on the filing of property and casualty claims with the General Counsel’s Office

• Coordinates policies, bids, renewals related to WSSC Water’s insurance programs

• Interacts with WSSC Water’s management, third party administrators, legal staff, employees and service providers

• Makes recommendations for insurance coverage, purchase and cost

• Provides advice as to requirements for certificates of insurance on contracts and agreements

• Evaluates appropriateness of alternative financing mechanisms such as partial or full self-funding and recommend retention levels and stop loss limits, etc.

• Monitors claims activity and review claims reserves for appropriateness

• Works with WSSC Water team to determine best way to generate reports of claims information from two systems to enable actuarial review to establish appropriate reserve levels

• Provides advice on other risk/insurance issues that arise

• Supervises employees including selecting or recommending selection, training,

assigning and evaluating work, counseling, disciplining, and/or termination or

recommending termination

Internal Financial Consulting–

• Provides financial management advisory services including research, analysis, and the development of options/recommendations to CFO on major technical financial matters of agency-wide significance

• Engages in financial strategic planning and tactical day to day actions with emphasis on strategic business management policy making changes to improve financial services provided to operating departments and other stakeholders

• Delivers work involving complex and sensitive policy, labor relations, and staff matters referred by the CFO

• Collaborates with senior leadership, division managers and section managers within the agency and other senior financial managers outside the agency related to the programs or high-level special projects

• Works closely with consultants on fee analyses and rate studies

• Advise the CFO on finance related issues involving new system implementations/enhancements

• Develops, monitors and analyzes performance metrics

• Performs cost saving/efficiency reviews to identify opportunities for improvements and lead teams in implementing recommendations

• Supervises internal control reviews, collaborates with teams on implementation plans and monitor progress

Other Functions

• Plans, coordinates and supervises the work of external consultants and staff engaged in special projects/strategic initiatives

• Performs other related duties as assigned

Work Environment And Physical Demands

Business casual office setting

Required Knowledge, Skills, And Abilities

• Comprehensive knowledge of research techniques, methods and procedures

• Comprehensive knowledge of the principles, methods and practices of public finance and public administration

• Thorough knowledge of modern management principles and practices

• Thorough knowledge of principles and practices of analytical review, including problem definition, setting evaluation criteria and analysis of alternatives

• Ability to analyze financial information and prepare complex financial and administrative reports

• Ability to analyze, interpret and report research findings and make recommendations

• Knowledge of current best practices in financial planning, research and analysis

• Strong organizational, problem solving and multi-tasking skills

• Strong financial skills including quantitative and qualitative analytical skills

• Effective problem-solving and decision-making skills

• Excellent relationship building and internal financial consulting skills

• Exceptional oral and written communication skills

• Exceptional skills in leadership

• Ability to make effective group presentations

• Ability to perform financial assessments and translate issues into appropriate recommendations

• Ability to manage external consultants and evaluate their performance against contract requirements

• Ability to communicate and work collaboratively with staff and internal and external stakeholders at all organizational levels in a fast-paced environment

• Ability to maintain a high degree of confidentiality, discretion and professionalism

Minimum Education, Experience Requirements

• Bachelor’s degree in Accounting, Finance, Business Administration or related discipline

• 7+ years experience in corporate or government budgeting, accounting, and/or financial analysis

Additional Requirements

Completion of the WSSC Water Financial Disclosure statement within 30 days of

employment and annually thereafter

Preferences

Additional experience is helpful.

Salary$110,822 - $188,397

Posting Detail Information

EEO Statement

AN EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER

It is the policy of the Commission to select new employees and to promote current employees without regard to race, sexual orientation, sex, religion, national origin, marital status, or handicap. The Commission does not discriminate against qualified individuals with a disability and will make reasonable accommodation for any disability that does not result in undue hardship for the Commission.

Close Date

Open Until FilledYes

Special Instructions to Applicants

Additional Information

All applicants selected will be subject to drug screening and a background check/verification.

Supplemental Questions

Required fields are indicated with an asterisk (*).

• • Will you, now or in the future, require sponsorship for employment visa status?

• Yes

• No

• Are you an eligible veteran of any branch of the armed forces who has received an honorable discharge or Certificate of Satisfactory Completion of Military Service, the spouse of an eligible veteran who has a service-connected disability or the surviving spouse of a deceased eligible veteran?

• Yes

• No

Applicant Documents Required Documents

• Resume

Optional Documents

• Cover Letter/Letter of Application