The Transbay Joint Powers Authority (TJPA) is actively seeking a motivated, team-oriented financial professional who is inspired by public service to serve as the Chief Financial Officer.
About the Organization
The TJPA is an historic collaboration between San Francisco Bay Area governments and transportation agencies delivering the Transbay Program, a visionary transportation and housing project that has transformed downtown San Francisco and the Bay Area’s regional transportation system by creating a world class transportation hub in the heart of a new neighborhood. The TJPA’s eight-member Board of Directors is composed of representatives of the City and County of San Francisco, the Alameda-Contra Costa Transit District, the Peninsula Corridor Joint Powers Board, the California High-Speed Rail Authority, and Caltrans.
The TJPA oversees the financing, design, development, and construction of the visionary, multimodal Transit Center (also known as “Grand Central of the West”) and manages its daily operation. The state-of-the-art Center enhances mobility for a growing city and region by ultimately connecting 11 transportation services, including Caltrain and California High-Speed Rail. The LEED-certified Center features a 5.4-acre rooftop park with 13 botanical gardens, programmed public space, more than 100,000 square feet of shopping and dining, pop-up retail, and world-class public art. TJPA is actively working to complete the Transbay Program by delivering the Downtown Rail Extension Project, which will extend Caltrain rail service into downtown San Francisco and connect California High Speed Rail’s statewide rail system to its northern terminus at the Salesforce Transit Center.
Funding for the Transbay Program comes from a variety of sources including the U.S. Department of Transportation, the State of California, the Metropolitan Transportation Commission, the San Francisco County Transportation Authority, the City and County of San Francisco, the San Mateo County Transportation Authority, and AC Transit. A Naming Rights Agreement with Salesforce.com provides partial funding for operation of the Center.
About the Position
The Chief Financial Officer (CFO) reports to the Executive Director and is appointed by the TJPA Board. The CFO is responsible for the financial activities of the TJPA including management of the finance team and consultants. In this capacity, the CFO is responsible for accounting and financial reporting, budget development and management, grants management, procurement, debt management, cash and investments, risk management, the SBE and DBE Programs, and capital project management.
The CFO plans, organizes, directs, and implements the financial activities of the TJPA, including policy and procedure development, financial statements, budget and fiscal reporting, auditing, capital assets, cash management, investments, and the financial aspects of risk management and real estate. The array of duties and responsibilities is summarized below.
Develops and implements various systems and procedures to meet fiscal goals, objectives, policies, and priorities of the TJPA including budgeting, forecasting and cash management
Oversees the preparation of financial reports and the annual independent financial audit; presents reports, analysis, and recommendations to the Executive Director and TJPA Board.
Oversees the TJPA’s investment portfolio and management of investments, including investment reporting; manages and develops broker/dealer relationships.
Maintains banking relationships, bank account set-up, maintenance, and integration.
Responsible for short- and long-term cash flow management to meet cash flow needs.
Develops annual operating and capital budgets; monitors annual budgets to ensure proper fiscal management.
Oversees development and management of long-range financial plans, including coordination with local, regional, state, and federal plans/programs. Develops and manages relationships with funding agencies and grantors; applies for and manages grants including grant reporting requirements and monitoring spending and expenditures according to grant requirements.
Develops funding strategies for consistent and continuous funding for capital projects.
Understands bond obligations and works with consultants to oversee bond issuance, management, and reporting. Issues municipal bonds for long- and short-term capital financing. Manages outstanding debt and ensures compliance with debt covenants.
Manages procurement and contracting activities in accordance with internal policies and state or federal rules and regulations.
Develops and administers TJPA's Disadvantaged Business Enterprise (DBE) and Small Business Enterprise (SBE) Programs.
Administers contracts with third-party vendors in accordance with current TJPA policy, Federal Transit Administration’s (FTA) Circular 4220.IF and its successors, FTA Best Practices Procurement Manual, and other federal rules and
Assists in maintaining TJPA website to provide current financial and contract/procurement-related information for the public.
Supports TJPA staff with additional special projects and duties as needed.
The Ideal Candidate
The Chief Financial Officer must have demonstrated fiscal and policy experience in a complex public sector environment. They must understand governmental accounting standards regulating the financial administration of an agency, and federal and state contract laws as well as public agency and/or transportation finances.
In addition, the ideal candidate will be a committed team-player with strong interpersonal skills who is willing and able to step in to help others and will demonstrate the following competencies:
Problem Solving. Identifies and resolves problems in a timely manner; gathers and skillfully analyzes information; develops alternative solutions; works well in group problem-solving
Technical Skills. Possesses strong financial skills; pursues training and development opportunities to remain abreast of financial requirements; strives to continuously build knowledge and skills; shares expertise with
Prioritization and Delegation. Prioritizes and delegates work assignments to meet multiple deadlines related to various responsibilities; matches the assignment to the person; gives authority to work independently; sets expectations and monitors delegated activities.
Internal/External Working Relationships. Develops and maintains courteous and effective working relationships with staff, board members, funders, partner agencies and other stakeholders.
Collaborative and Supportive Manager. Includes staff in planning, decision- making, facilitating and improving processes; takes responsibility for staff activities; is accessible to staff; provides regular performance feedback; develops staff skills and encourages growth; fosters quality focus in others; continually works to improve supervisory
Dedicated Public Sector Professional. Exhibits the value of public service by building and maintaining relationships with elected officials and the public.
Qualifying Experience and Education
Education: A bachelor’s degree from an accredited college or university with major coursework in accounting, finance, public policy, public or business administration, or a closely related field is required.
Experience: Minimum of six years of progressive levels of supervisory and management experience is required, and public sector experience is desirable.
Certification: A Certified Public Accountant (CPA) and/or a GFOA certified public finance officer is desirable.
Compensation and Benefits
The salary range is $162,000 to $222,560 and is dependent upon qualifications and experience. In addition to competitive salaries, the TJPA offers flexible benefit plans that include: