Title:   Chief Financial Officer  

Division:  Finance & Accountability  

Location:  Albany, New York

The New York State Environmental Facilities Corporation (EFC), a public benefit corporation, enables local governments, communities, and other eligible applicants throughout New York State to undertake critical water quality infrastructure projects by providing access to low-cost capital, grants, and expert technical assistance. EFC provides financial assistance from both the Federal and State levels in the form of loans, grants and guarantees as well as tax exempt and taxable bonds in pooled and stand-alone public bond sales.   

Minorities, people with disabilities, LGBTQ, veterans, and women are encouraged to apply. The Corporation’s commitment to building and nurturing an inclusive workplace that strives for respect and promotes and values diversity is EFC’s priority. We believe that organizations that are diverse in age, gender identity, race, sexual orientation, physical or mental ability, ethnicity, and perspective, or any other trait that makes an individual unique, are proven to be better organizations. Please consider joining our team as we work together to build a welcoming workplace where employees recognize that their unique characteristics, skills, and experiences are respected, valued and celebrated. 

Employees of the Corporation enjoy many benefits similar to those offered to New York State employees.  Our total compensation package includes, but is not limited to, leave benefits (12 holidays and paid vacation, sick and personal leave); a comprehensive health insurance program including health, prescription drug, dental and vision plans; and membership in either the NYS and Local Retirement System, which is a defined retirement plan, or the Voluntary Defined Contribution Program.  

Position Description 

The Chief Financial Officer (CFO) reports to the President and Chief Executive Officer (CEO), and, as a member of the executive staff, works with the other members of the leadership team and is responsible for leading and directing staff of the Division of Finance and Accountability, which includes the business units of Public Finance, Contracts and Budget, and Accounting and Billing. The CFO manages and controls all aspects of the financial and accounting requirements of Corporate programs.  

Essential Duties 

• Provide leadership, direction, and management of all financial activities, maintaining a culture, policies and procedures, which promote sound fiscal management and fiscal stewardship, transparency, and accountability.
• Provide strategic recommendations for fiscal and operational improvements. Establish finance operational strategies by evaluating trends, designing systems, allocating resources, resolving problems, and implementing change.
• Oversee preparation of annual audited financial statements, and preparation of quarterly Board financial statements and internal management reports ensuring that such reports provide timely, accurate and actionable financial and operational information, and ensuring compliance with relevant accounting standards.
• Manage the process for the preparation and approval of the annual operating and capital budget and financial plan.
• Manage Authority cash flow and permitted investments to address liquidity needs, preserve capital, and maximize returns.
• Oversee Finance team to ensure effectiveness in revenue processing, payment processing, payroll processing, and financial reporting functions.
• Oversee Contracts Management team for effective processing of contracting actions in compliance with Board-approved Contracting Guidelines and State and Federal policies.
• Monitor the portfolio, complete continuing disclosure, and rating agency reporting, and structure additional bond issues or other structures to maintain the program revolving loan fund liquidity. Manage a loan loss reserve fund and promote other financing structures to increase the scale of capital deployment to support policy goals.
• Manage relationships with underwriters, financial advisors, banks, government agencies, financing recipients, and other partner organizations.
• Act as a steward for financial data, including loan documentation, amortization schedules, recipient information and the accounting general ledger.
• Serve as the Board-appointed Internal Control Officer to assist in the design, implementation and assessment of internal controls and meeting requirements under the New York State Governmental Accountability Audit and Internal Control Act.
• Review and execution of certain Authority contracts.
• Perform other responsibilities as assigned.