Chief Financial Officer
*Applicants interested in this position should submit an application at www.hyasearch.com. Only candidates with an application at www.hyasearch.com will be considered for the vacancy.*
The Chief Financial Officer (CFO) ensures the short and long term prudent fiscal operation of the school division, including management of all assets and liabilities; leads the division in implementing best practices in public sector financial management and planning; manages and provides oversight for all financial and related services; collaborates with the Superintendent to lead the budget process and communicate with all stakeholders; administers the distribution of financial resources in accordance with allocations determined by the School Board and administration.
This job reports to the Superintendent.
Education: A Master's degree in finance, business administration or a related field required.
Certificates & Licenses: Certified Public Accountant preferred but not required.
- A minimum of five years' experience in a supervisory or management position in finance and administration in the private or public sector.
- Experience with public sector budget processes required. Experience in a public school setting preferred. Successful experience in the oversight, financial control and supervision of budgeting, accounting, federal and state grants payroll, and procurement.
- Ability to communicate effectively (both orally and in writing) with school personnel, senior leadership, parents, government agencies, and members of the community.
- Skilled with data analysis to solve problems and recommend solutions which are consistent with organizational objectives.
- Knowledge to review and interpret highly technical information, write policies and procedures, and/or speak persuasively to implement desired actions; and analyze situations to define issues and draw conclusions.
- Thorough knowledge of the principles, procedures, and practices of public school operations, development of a public budget, and understanding of the interaction of the various departments within a school division.
- Experience applying federal, state, and local laws, rules, and regulations governing public school finance.
- Have a proven track record of demonstrating a high level of integrity, modelling excellence and ethical behavior, and possessing the ability to resist pressure to compromise organization's core values.
- Executes an annual budget process that communicates the needs identified by the Superintendent and School Board and results in approval of the required funding by the City Council.
- Supervises the major functions of a finance department: Budget Development and Monitoring, Financial Reporting, Accounts Payable, Accounts Receivable, Credit Cards and Employee Reimbursements, Audit Management, Payroll, Procurement, Financial Systems Management, Print Shop Management and Financial Advisory to Superintendent/Board/Leadership/Principals.
- Leads the division in fiscal planning and management in development and implementation of appropriate regulations, monitoring processes, and internal audit procedures.
- Provides useful, timely financial reports to convey information to the School Board and the Division program managers on a regular basis.
- Serves as investment officer for pension assets and participates on the investment advisory board as well as other committees and community groups.
- Is responsible for cultivating a positive relationship with Alexandria City senior budgetary staff, Finance Director, Budget Director and the Deputy City Manager. Additionally, the CFO supports the Superintendent's agenda when preparing materials for City - School Board joint meetings.
- Collaborates with other ACPS department heads to ensure that department practices and processes enhance and support ACPS and City of Alexandria goals.
- Directs the budgeting, accounting and reporting of all ACPS funds (e.g. assets, liabilities, revenue and expenses) in compliance with all applicable federal, state, and local regulations and requirements.
- Directs the funding development of a continuing Capital Improvement Program.
- Ensures the execution and implementation of sound financial management practices to guarantee purchase of good quality supplies, services and materials at competitive prices.
- Prepares and presents long range financial plans and forecasts, and communicates fiscal matters to the School Board, City Council, staff, and community.
- Establishes policies and procedures in accordance with federal, state, and local statute to ensure strong internal controls.
- Co-chairs committee focused on process improvements between financial services, technology services and human resources.
- Leads the strategic plan goal work regarding effective and efficient operations to ensure proper stewardship, equitable allocation of resources, and performance monitoring.
- Responsible for direct supervision of the administrative assistant to the CFO, Director of Accounting and Payroll, Director of Budget and Financial Systems and Director of Procurement and General Services and indirect supervision of their 19 reports.
- Provides financial guidance, support and protocols to assist schools and departments in developing and maintaining their site-based budgets.
- Collaborates with all ACPS schools and departments to ensure open communication and coordination of fiscal responsibilities.
- Assists other personnel and performs other duties as may be required to ensure an efficient and effective work environment.
- Serves as member of the Superintendent's leadership team and acts as Superintendent's designee in division wide financial matters.