Seattle Public Utilities (SPU) provides essential utility services to a rapidly growing and increasingly complex city and region. With more people living in Seattle than ever before, we face a range of new challenges, requirements and responsibilities. This is an exciting time for us, as we embrace the challenge of balancing environmental enhancement, service excellence and compliance with affordability. We are exploring and sharing approaches to meeting new and future demands.
SPU strives to be a Community Centered Utility working to make Seattle the best place to live for everyone. We deliver high quality, vital services, across four major lines of business: providing water, solid waste, drainage and wastewater services for Seattle residents and businesses. We also provide drinking water for 1.4 million regional customers in Seattle and other municipalities. Our customers depend on us to deliver high quality, reliable utility services and to achieve the highest benefits possible for every investment we make. With those goals in mind, we focus on the following in all we do:
Achieve Excellence in Core Service Delivery
Increase Affordability and Accountability
Improve Investment Value
Enhance Public Health and Environment
Ensure Equity and Inclusion
Expand our Impact through Strong Partnerships
We have an exciting opportunity for a visionary financial executive to join our team as Chief Financial Officer (CFO). Reporting to the General Manager/Chief Executive Officer (GM/CEO), the CFO will enhance the utility's affordability and investment strategies.
The CFO is an essential business partner and counselor to the GM/CEO, Chief Administrative Officer (CAO) and executive team that contributes to and evaluates ideas and initiatives designed to advance SPU's mission and the interests of the utility's rate payers. The CFO is also a member of the utility's executive leadership team, collaborating on the development of departmental planning, policies, practices and initiatives. The position ensures that SPU secures and maintains cost-effective financing for capital projects, oversees the development and maintenance of strong, transparent financial reporting systems and controls, ensures the development and adherence to strong, balanced financial policies, provides financial data and analyses that allow for informed and responsible decision-making and oversight. Overseeing an annual operating budget of $1.2 billion dollars (with revenues of approximately $874 million) in operating across four funds: water, drainage & wastewater, solid waste, and general fund), the CFO will work with department leadership to leverage the impact of SPU's financial investments, control costs, and ensure sound fiduciary responsibility of financial resources.
The CFO is the utility's lead financial representative and interacts regularly with Bond Rating Agencies, City Budget Office, City Council and the Mayor's Office. In addition, this position is also responsible for the accuracy, integrity, and quality of SPU's official annual financial statements for the Water, Drainage & Wastewater, and Solid Waste lines of business.
The ideal candidate is ethical, knowledgeable, nimble, financially creative, and shares our interest in advancing equity, inclusivity, transparency, accountability, affordability and sustainability in all we do. The ideal candidate cultivates a connected, coherent, empowered, capable and resilient staff and is focused upon the interests of the utility's customers and community.
Experience: At least 10 years of progressively responsible professional experience in financial management, financial analysis, accounting, auditing, budgeting, forecasting, treasury and investment management, debt issuance, rate making and management in a municipal, local, or other governmental entity and eight (8) years of supervisory and management experience over a related major division or organization.
Internal Number: #2018-01381
About City of Seattle/Seattle Public Utilities
Seattle Public Utilities provides a reliable water supply to more than 1.3 million customers in King County, and provides essential sewer, drainage, and solid waste services to City of Seattle customers.