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WSP in the U.S. · 18 hours ago

Fare Payments Financial Services Manager

Chicago, IL

Full-time

Hybrid

Senior Level, Lead/Staff

$85K/yr - $175K/yr

15+ years exp

WSP is a leading engineering and professional services firm in the U.S. seeking a Fare Payments Financial Services Manager to manage financial operations related to fare collection systems. The role involves overseeing financial reporting, compliance, and collaborating with engineering teams to ensure the technical functionality of payment infrastructure.

AssociationBankingE-Commerce

Responsibilities

Manage financial activities, including accounting, budgeting, fiscal management, and forecasting

Ensure compliance with financial regulations and the client’s policies

Design the client’s financial statements, reports, and business activity reports

Monitor accounts, manage cash flow, and approve transactions like payroll and accounts payable/receivable

Assist with financial decision-making, risk management, and identifying opportunities for cost reduction

Provide industry-specific expertise on Automated Fare Collection (AFC) systems and integrations

Oversee the management and deployment of fare collection systems and their components

Collaborate with engineering teams on system requirements, design, testing, and deployment

Ensure the smooth functionality and integration of AFC systems

Stay updated on industry trends and regulations affecting payments and finance

Project Leadership: Overseeing complex fare payment system projects from design to delivery, coordinating with engineering and software development teams

System Management: Managing the deployment, integrations, configurations, and maintenance of fare collection systems

Financial Reporting and Analysis: Preparing financial reports, budgets, forecasts, and performing economic analysis specific to fare collection activities

Vendor and Stakeholder Management: Acting as a liaison with external vendors, contractors, and internal stakeholders to ensure project success and contractual compliance

Qualification

Financial AcumenAnalysisAutomated Fare Collection (AFC)Regulatory ComplianceTechnical ProficiencyRisk ManagementLeadershipStrategic PlanningCommunicationProblem-Solving

Required

A bachelor's degree in finance, business, accounting, economics, or a related discipline is usually required

Fifteen years or more of experience, including prior experience as an accountant, financial analyst, and managing large-scale, complex fare payment projects

Professional certifications like Certified Public Accountant (CPA) or Certified Treasury Professional (CTP) are highly beneficial

Must have a deep understanding of financial principles, reporting, budgeting, forecasting, and cash flow management

Required to be skilled with financial software and enterprise resource planning (ERP) systems, as well as data analysis and economic modeling

Expertise in automated fare collection (AFC) systems, open-loop payment systems, and related technology is critical

Need a thorough understanding of financial regulations, particularly Payment Card Industry Data Security Standard (PCI-DSS), and the ability to identify and mitigate financial risks

Must be able to lead and supervise a team, delegate tasks, and drive strategy within the department

Strong verbal and written communication skills are essential for explaining complex financial data to non-experts, preparing reports, and managing stakeholder relationships

The ability to align financial initiatives with the client's long-term objectives is key

Critical thinking and analytical skills are needed to find practical solutions to financial challenges