Chief Financial Officer - Deputy Director

The Chief Financial Officer serves as the principal financial executive and strategic financial advisor for Houston Public Works. Reporting directly to the Director, the CFO provides executive leadership over financial strategy, budgeting, accounting and financial reporting, treasury and debt management, capital financing, revenue planning, procurement, grants administration, enterprise risk management, and related financial support functions.The CFO position provides financial oversight for an approximately $3.8 billion FY2027 departmental budget, a $12 billion five-year capital improvement program for FY2027–2031, and an approximately $11 billion debt portfolio. Oversight spans the Combined Utility System, the Dedicated Drainage and Street Renewal Fund (DDSRF), the Storm Water Fund, and other funds supporting water, wastewater, streets, bridges, traffic systems, stormwater drainage, permitting, infrastructure delivery, solid waste, emergency response, and other essential public services.

The CFO works closely with the City of Houston Finance Department, Legal Department, other City departments, governmental and regulatory agencies, rating agencies, investors, financial institutions, auditors, consultants, contractors, regional partners, and the public.

Key Responsibilities:

Executive and Strategic Financial Leadership

• Serve as the principal financial advisor to the Director and a senior member of the Houston Public Works executive leadership team.
• Advise the Director on fiscal strategy, financial policy, infrastructure investment, organizational risk, revenue requirements, affordability, and long-term sustainability.
• Participate in the development and execution of departmental strategies, priorities, policies, performance expectations, and major business decisions.
• Evaluate complex financial, operational, regulatory, contractual, and organizational matters and communicate well-supported recommendations through executive presentations, reports, memoranda, and briefings for executive leaders, elected officials, employees, external stakeholders, and the public.
• Act on behalf of the Director on financial, administrative, or departmental matters as assigned.

Budgeting and Long-Range Financial Planning

• Direct the development, submission, administration, and monitoring of Houston Public Works’ annual operating and capital budgets.
  Establish financial planning processes that integrate operational requirements, staffing, capital investment, regulatory mandates, debt capacity, revenue projections, and departmental priorities.
• Lead short- and long-range financial forecasting, scenario analysis, cash-flow planning, financial modeling, and resource-allocation decisions, and monitor revenue expenditures, reserves, liquidity, debt-service requirements, and other key financial indicators
• Develop strategies to address revenue volatility, inflation, deferred maintenance, operational risks, infrastructure needs, and changes in federal, state, or local requirements.
• Maintain effective budget governance and performance-reporting processes that promote accountability, transparency, informed decision-making, and responsible prioritization of resources.

Utility Finance, Revenue Strategy, and Rate Planning

• Provide executive financial oversight of the Combined Utility System and other enterprise, special-revenue, capital, and restricted funds administered by Houston Public Works.
• Direct water and wastewater revenue planning, cost-of-service studies, rate analyses, revenue-sufficiency evaluations, affordability considerations, and related financial policies.

Transportation, Drainage, and Dedicated Infrastructure Funds

• Provide executive financial oversight of Transportation and Drainage Operations, the Dedicated Drainage and Street Renewal Fund, the Storm Water Fund, and related operating and capital funding.
• Direct financial planning and resource allocation for street, bridge, traffic, mobility, stormwater, and drainage maintenance, rehabilitation, and capital programs, balancing service levels, state-of-good-repair needs, flood-risk reduction, public safety, and long-term infrastructure investment.
• Monitor and forecast dedicated revenues, including drainage utility charges, ad valorem tax allocations, METRO mobility payments, intergovernmental revenues, grants, and reimbursements, and ensure their use complies with the City Charter, ordinances, legal commitments, fund restrictions, the adopted budget, and financial policies.

Capital Planning, Debt, and Infrastructure Financing

• Direct the development of financing strategies for Houston Public Works’ multibillion-dollar capital improvement program.
  Oversee the department’s debt portfolio, including revenue bonds, commercial paper, refundings, federal credit programs, state revolving-fund loans, and other financing instruments.
• Coordinate bond issuances, debt restructurings, investor disclosures, financial feasibility analyses, debt-service projections, and post-issuance compliance.
  Lead or support funding strategies for major drinking water, wastewater, street, bridge, traffic, stormwater, drainage, facility, and regulatory capital programs.
• Oversee applications, negotiations, closings, reimbursements, compliance, and reporting associated with federal and state financing programs, including programs administered by the Environmental Protection Agency and Texas Water Development Board.

Accounting, Financial Reporting, Audit, and Internal Controls

• Provide executive oversight of departmental accounting, fiscal operations, accounts payable, revenue accounting, capital accounting, fund accounting, reconciliations, and financial close processes.
• Ensure the accuracy, completeness, timeliness, and transparency of financial information maintained in the City’s enterprise systems and supporting applications.
• Oversee preparation of the Combined Utility System Annual Comprehensive Financial Report and other internal and external financial reports, including fund-level reporting supporting DDSRF, the Storm Water Fund, and departmental capital programs.
• Ensure compliance with generally accepted accounting principles, Governmental Accounting Standards Board requirements, City policies, grant requirements, bond covenants, contractual obligations, and applicable laws and regulations while coordinating external financial audits, the City’s annual audit, single audits, regulatory audits, internal reviews, Controller inquiries, and other oversight activities.
• Establish and maintain effective internal controls, financial policies, standard operating procedures, documentation requirements, and corrective-action processes.

Grants, Risk, and Financial Support Services

• Oversee grants strategy, grant accounting, reimbursement, compliance, reporting, audit support, and coordination with federal, state, and local funding partners.
• Direct financial support for disaster recovery, emergency response, insurance recovery, federal reimbursement, and continuity-of-operations activities.
• Oversee enterprise risk-management processes, including the identification, evaluation, communication, mitigation, and monitoring of major financial and organizational risks.

Organizational and People Leadership

• Lead and develop a large multidisciplinary organization of financial, accounting, procurement, grants, risk, administrative professionals, Assistant Directors, Deputy Assistant Directors, managers and other senior leaders
• Establish clear responsibilities, service expectations, performance measures, accountability structures, succession plans, and professional-development priorities.
• Recruit, retain, mentor, and develop a high-performing workforce while establishing accountability, succession planning, and performance expectations.
• Promote a collaborative and service-oriented culture characterized by integrity, accountability, transparency, respect, continuous improvement, and sound financial stewardship.
• Ensure appropriate segregation of duties, management oversight, spans of control, succession coverage, and organizational capacity.

Governance, Communication, and External Relations

• Prepare and present budget proposals, financial plans, rate recommendations, capital-funding strategies, policy recommendations, audit responses, and other matters to City Council, the Mayor’s Office, executive leadership, oversight bodies, and public audiences, as assigned.
• Represent Houston Public Works in discussions and negotiations involving governmental agencies, regulators, financial institutions, regional partners, contractors, consultants, community organizations, and other external parties, as assigned.
• As directed, respond to inquiries from elected officials, governmental agencies, auditors, investors, rating agencies, media representatives, and members of the public.
• Ensure financial communications are accurate, timely, understandable, transparent, and consistent with legal and disclosure requirements.
• Monitor legislative, regulatory, economic, accounting, financial-market, and industry developments that may affect Houston Public Works.

Supervisory Responsibilities

• The Deputy Director and CFO exercises executive-level supervision over multiple financial and administrative functions.
• The position establishes objectives and priorities for subordinate executives and managers and is accountable for the performance, internal controls, customer service, and professional standards of the Financial Management Services division of Houston Public Works.

Other Duties

This description identifies the primary responsibilities and qualifications of the position and is not intended to contain a comprehensive listing of all duties. The Director of Houston Public Works may assign other executive, financial, operational, or administrative responsibilities consistent with the position’s authority and organizational needs.

Preference will be given to candidates who possess:

• Certified Public Accountant license.
• Master’s degree in business administration, public administration, accounting, finance, or a related discipline.
• Executive financial leadership experience in a large municipal government, public utility, infrastructure organization, regulated enterprise, or similarly complex public-facing organization.
• Experience overseeing multibillion-dollar operating budgets, capital programs, debt portfolios, or enterprise funds.
• Experience with municipal revenue bonds, commercial paper, credit ratings, investor relations, debt restructuring, federal credit programs, state revolving funds, or other public-finance instruments.
• Experience with utility cost-of-service studies, rate design, revenue requirements, affordability programs, financial forecasting, and bond-covenant compliance.
• Experience managing dedicated or restricted infrastructure funds, drainage utility revenues, street and drainage financing, or transportation capital programs.
• Experience securing and administering federal or state grants and infrastructure financing.
• Experience leading procurement, grants, enterprise risk management, disaster recovery finance, or other multidisciplinary support functions.
• Experience presenting complex financial matters to elected officials, governing bodies, executive teams, rating agencies, investors, regulators, and the public.
• Experience leading organizational transformation, process improvement, financial-system modernization, or development of high-performing teams.

KNOWLEDGE, SKILLS AND ABILITIES

Knowledge

• Extensive knowledge of governmental accounting, enterprise-fund accounting, GASB standards, financial reporting, auditing, internal controls, and public-sector budgeting.
• Comprehensive knowledge of financial management, accounting, budgeting, forecasting, treasury, debt management, capital planning, dedicated and restricted infrastructure funds, audit, internal controls, risk management, and financial reporting.

Skills and Abilities

• Exceptional integrity, judgment, discretion, and commitment to public service.
• Ability to evaluate issues involving financial, legal, operational, engineering, political, regulatory, and community considerations.
• Ability to make sound decisions in situations involving incomplete information, significant financial exposure, competing priorities, and high public visibility.
• Strong executive communication, presentation, negotiation, analytical, and relationship-management skills.
• Ability to explain complex financial matters clearly to financial and nonfinancial audiences.
• Ability to establish credibility and productive working relationships with elected officials, executives, employees, regulators, investors, auditors, contractors, community stakeholders, and the public.
• Ability to lead through organizational change, emergencies, financial constraints, and operational challenges.
• Ability to develop leaders, build cohesive teams, delegate effectively, establish accountability, and foster an inclusive and collaborative work environment.
• Proficiency with enterprise financial systems, financial modeling, data analysis, and management-reporting tools.

EDUCATION REQUIREMENTS

Requires a thorough understanding of both theoretical and practical aspects of an analytical, technical or professional discipline or the basic knowledge of more than one professional discipline. Knowledge of the discipline would normally be obtained through a formal four-year degree from a college or university or an equivalent in-depth specialized training program that is directly related to the type of work being performed.

EXPERIENCE REQUIREMENTS

More than ten years of experience are required in progressively responsible professional work directly related to Public Works operations, with at least four years in a management capacity.

LICENSE REQUIREMENTS

Valid driver's license and compliance with the City of Houston driving policy (A.P. 2-2).

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