In November 2019, Leroy Clay, III was appointed associate CFO for the Economic Development and Regulation Cluster within the Office of the Chief Financial Officer. In this role, he manages the development and execution of a combined $1.5-billion operating and capital budget for 20 District agencies within the cluster including the Office of the Deputy Mayor for Planning and Economic Development, the Department of Consumer and Regulatory Affairs, the Department of Housing and Community Development, and the Department of Insurance, Securities and Banking.
Prior to his current position, Clay served as the agency fiscal officer for the Metropolitan Police Department, where he managed the agency’s $500-million budget. Clay is a certified public accountant with more than 20 years of progressive experience in finance and accounting, including six years as a CFO.
Clay began his career at Arthur Andersen as an auditor where he primarily served clients in the real estate, hospitality, and financial services industries. His engagements included financial statement audits, audits of internal controls and compliance, due-diligence projects, IPOs, annual and quarterly SEC filings, and ad hoc consulting projects. Clay left Andersen as a senior auditor and began developing his career in the media and entertainment industry. He has held positions and provided consulting services to several leading media companies.
Over the course of his career, he has become an expert in the areas of financial modeling, financial planning and analysis, internal and external auditing, business process reengineering, internal control evaluation and development, and financial accounting in senior management positions with The Siegfried Group, CBS Radio, Radio One, BET, as well as Arthur Andersen.
Clay holds a bachelor's in accounting from Howard University, Washington, DC. He is also a member of the Government Finance Officers’ Association and serves on the board of the DC International School.