OPEN: February 18, 2021
CLOSE: Open until filled
POSITION: District of Columbia Chief Financial Officer
SALARY: $218,126 to $254,000
Domicile Requirement: There is a legal requirement that each new appointee to the Excepted and Executive Service either: (1) be domiciled in the District of Columbia at the time of appointment; or (2) establish District domicile within one hundred eighty (180) days of appointment. The law also requires that Excepted and Executive Service employees maintain District domicile during the period of the appointment. Failure to maintain District domicile during the period of the appointment will result in forfeiture of employment.
The Office of the Chief Financial Officer provides enhanced fiscal and financial stability, accountability, and integrity for the Government of the District of Columbia. The OCFO ensures that District spending levels remain within approved budgets and available revenues for each fiscal year, so that spending deficits do not occur; maintains adequate cash balances; minimizes receivables balances; manages the District’s debt and finances in a manner that provides optimal opportunities to maximize bond ratings and minimize the cost of borrowed capital; ensures that the ratio of total debt service to General Fund expenditures remains within a maximum of 12 percent; improves tax payment compliance by increasing collections from the accounts receivable balance and the non-filer population, as measured by percentage change in delinquent collections; develops and supports financial management systems that provide accurate and timely information; and produces the District's Comprehensive Annual Financial Report (CAFR) on time with an unqualified (clean) opinion.
To learn more about OCFO, please visit here.
Chief Financial Officer of the District of Columbia.
The CFO is appointed by the Mayor and confirmed by the Council of the District of Columbia to a 5 year term. The CFO manages the District’s financial operations, which includes some 875 staff members in tax and revenue administration; the treasury, comptroller and budget offices; economic/fiscal analysis and revenue estimation functions; agency financial operations; and the DC Lottery. The incumbent also works closely with congressional committees that oversee District affairs, as well as U.S. Office of Management and Budget staff. The incumbent also interacts regularly with the Wall Street financial community, including rating agencies, regarding the District’s financial matters.
QUALIFICATIONS AND REQUIREMENTS: