Supervisor, Finance and Rates

Salary : $108,608.45 - $177,925.70 Annually
Location : Morin Building
Job Type: Full Time
Remote Employment: Flexible/Hybrid
Job Number: 201601167
Division: Finance
Opening Date: 10/07/2025
Closing Date: 1/8/2026 11:59 PM Eastern

Description
Under limited supervision of the Manager, Finance and Rates, supervises and functions as the lead person for financial planning, rate setting, debt management, wholesale customer contracts, cash management, investment portfolio management, and assists with the financial administration of the Fairfax Water Retirement Plan. Performs other financial functions and demonstrates continuous efforts to improve financial and related business processes.

Examples of Duties

• Provides leadership, technical guidance, and supervisors the Finance and Rates staff.
  1. Serves as section lead and coordinates the training and development of staff.
  2. Assists staff with the completion of day-to day tasks and duties of the department.
  3. Performs employment related duties to include interviewing to fill vacant positions and complete staff performance reviews.
  4. Writes and reviews departmental procedures and guidelines.
  5. Establishes and monitors staff performance goals.
• Prepares and updates the strategic financial model to ensure compliance with Fairfax Water's debt management policy and trust indenture requirements.
• Prepares financial analysis and projections to determine if any rate changes are needed.
• Coordinates and oversees the completion of external cost of service studies. Validates financial assumptions and calculations and maintains internal schedules for annual updates.
• Develops specific rates, fees, and charges for retail and wholesale water service in accordance with Fairfax Water's strategic financial planning model.
• Monitors and ensures compliance with all contracts and agreements established with the wholesale water service customers. Performs billing rate reconciliations and other analysis.
• Monitors, tracks, and performs analysis and bill review for purchased water and associated capital improvement expenditures.
• Assists with debt issuance and existing debt to ensure compliance with debt covenants and IRS compliance regulations.
• Prepares schedules for the annual surveillance process of credit rating agencies for transmittal to the financial advisor.
• Assists with cash and investment management activities to include forecasting, wire transfers, online banking administration, and banking system implementations and upgrades.
• Performs investment analysis, including monitoring of portfolio balances and diversification of investments within policy guidelines, for Fairfax Water and the Retirement Plan accounts.
• Prepares reports for actuary to complete the annual actuarial valuation for Fairfax Water's Retirement Plan and other post-employment benefit plans. Provides actuary support as needed.
• Reconciles and performs periodic data analysis for the Fairfax Water Retirement Plan administration system and performs testing for upgrades and other system changes.
• Provides financial support and analysis during the annual budget and capital improvement program processes, with an emphasis on impact to rates and debt service projections.
• Responsible for preparing weekly and monthly financial reports and memos.
• Prepares effective oral and written presentations and documents as requested.
• Assists in evaluating and improving operational efficiency within the department.
• Performs general ledger analysis and cash and accrual financial statement projections.
• Performs ad hoc financial analysis and other special financial studies.
• Performs other duties as assigned or required.

Typical Qualifications

• Graduation from an accredited four-year college or university with a bachelor's degree in finance, accounting, business, or other closely related field and a minimum of six years of progressively responsible experience in finance and rate analysis.
• Three years of supervisory or project lead experience with the ability to plan, direct, and supervise the activities of a financial staff.
• A master's degree or CPA or CPFO certification is preferred.
• Comprehensive knowledge of current governmental and generally accepted accounting principles (GAAP), methods, and practices.
• Strong experience with enterprise resource systems. SAP experience preferred.
• Strong Microsoft Office experience with advanced Excel skills.
• Strong organizational skills with the ability to multi-task and meet deadlines.
• Ability to analyze and interpret financial records and reports.
• Ability to communicate effectively, both verbally and in writing.
• Ability to establish and maintain effective working relationships with internal and external stakeholders.
• Ability to compile and evaluate data, draw sound conclusions, and recommend course of action.
• Ability to understand operational processes to interpret financial impacts.
• Must pass a controlled substance (drug) test for employment.

Fairfax Water is committed to providing comprehensive benefits to our employees and their eligible dependents, as well as opportunity for continued education and professional development. A summary of these benefits is listed below.
Equal Employment Opportunity
Fairfax Water is dedicated to providing equal employment without regard to race, gender, age, color, religion, disability status, marital status, sexual orientation or transgendered status, or ethnic, national origin, or on the basis of any other category protected under federal, state and local laws.
Holidays

January - New Year's Day; Inauguration Day; Martin Luther King Day

February - George Washington Day

May - Memorial Day
June- Juneteenth

July - Independence Day

September - Labor Day

October - Columbus Day

November - Veterans' Day; Thanksgiving Day; Day After Thanksgiving

December - Christmas Eve ½ Day; Christmas Day
Health Insurance - Employee Cost/Month

Employee Only - $100.88

Employee + 1 - $335.74

Family - $ 466.74
The Fairfax Water Health Plan is offered to all permanent full time employees and their eligible dependents. The medical, dental and vision plans are administered by UMR, United Healthcare..
Coverage is effective 1st day of month after hire if hired between the 1st and 15th of the month. If hired between the 16th and 31st of the month, coverage is effective the 1st day of the 2nd month after hire.

Paid Family & Medical Leave
Up to 240 hours of paid leave in a rolling 12-month period for qualifying continuous absences that are covered under the Family and Medical Leave Act.
Group Life Insurance - Employee Cost Month

Basic = 2 times annual salary

Paid by Fairfax Water

Supplemental 1 to 5 times annual salary

Age-banded rates
Additional supplemental life insurance request requires you to submit an evidence of insurability form (EOI).
Dependent spouse and/or child - $2.55

The Group Life Insurance Plan is offered to all permanent full time employees. Effective date follows same rule as health insurance.

Long-Term Disability

Effective after 36 months of employment with Fairfax Water. Benefit is equivalent to 66.7% of base pay at no cost to the employee.
Fairfax Water Retirement Plan - Is a defined benefit plan in which all regular full time employees are enrolled in at time of hire at no cost to employees. Employees are vested after five years of service.
ICMA 457 Plan - Is a deferred compensation plan which employees can voluntarily participate in with a maximum contribution as established by the IRS on a yearly basis.
Additional Benefits

Flexible Spending Accounts: Fairfax Water offers a Medical Flexible Spending Account where employees may contribute up to $3,300 per year on a pre-tax basis for eligible expenses. Fairfax Water offers a Dependent Care Flexible Spending Account where employees may contribute up to $5,000.00 per year on a pre-tax basis for eligible child-care expenses.

Child/Adult Care Reimbursement: Employees with household incomes under $60,000 my be eligible for an annual subsidy for licensed child/adult care ringing from $800.00 to $4,000.00 depending on eligibility.

Professional Development: Reimbursement of approved attendance at professional conferences and seminars

Direct Deposit of pay. Pay days are bi-weekly on Thursday.

This review is intended to be a brief summary of the major benefits provided by Fairfax Water. In all instances, plan documents and policies govern the eligibility and administration of each benefit plan.
01

What is the highest degree of education you completed?

• High School/GED
• Bachelor's
• Master's
• PHD

02

Do you have at least three years of supervisory or project lead experience where you had the ability to plan, direct, and supervise the activities of financial staff?

• Yes
• No

03

Do you have a CPA or CPFO certification

• Yes
• No

Required Question

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