Job Description
METROPOLITAN SCHOOL DISTRICT OF PIKE TOWNSHIP
Job Description Chief Financial Officer (CFO) Performance Responsibilities:
Financial Planning and Strategy:
o Lead the development and implementation of long-term financial strategies to support the district's goals and objectives. o Lead the preparation, review, and implementation of the annual district budget in accordance with IDOE guidelines, GASB standards, and IASBO recommendations. o Prepare and manage annual budgets, forecasting revenue, expenditures, and other financial variables. o Provide financial guidance and recommendations to the Superintendent, School Board, and other administrators. o Monitor the financial health of the district and ensure the proper allocation of resources for educational programs and services. o Lead efforts to optimize the use of district financial resources, balancing short-term and long-term needs. o Oversee and manage financial reporting processes, ensuring transparency and accountability to stakeholders. Financial Reporting and Compliance:
o Ensure timely and accurate financial reporting in compliance with state and federal guidelines, including financial statements, grants, and audits. o Oversee the district's financial record-keeping and accounting practices. o Serve as the primary point of contact for external auditors and ensure all audits are completed successfully. o Stay updated on Indiana Department of Education (IDOE) and Governmental Accounting Standards Board (GASB) regulations, ensuring district compliance. o Oversee the preparation of accurate and timely financial statements and reports for internal and external audiences, including the annual Comprehensive Annual Financial Report (CAFR). Budget and Resource Management:
o Develop and oversee the district's annual operating budget, ensuring effective allocation of resources across various departments and programs. o Monitor cash flow, track revenue, and expenditures, and recommend adjustments to stay within budget. o Manage the district's investments, debt, and funding sources, including state and federal funding, grants, and local revenue streams. Financial Risk Management:
o Identify financial risks and implement strategies to mitigate those risks while ensuring sustainability. o Develop and maintain a system of internal controls to safeguard district assets. o Monitor financial performance and provide regular budget updates to the Superintendent, School Board, and other stakeholders. o Analyze budget variances and propose corrective actions as needed. o Ensure that budgets reflect district priorities, maintain compliance with local and state regulations, and align with available funding sources. o Oversee the management of district cash flow, ensuring adequate liquidity for daily operations and proper investment of district funds. o Ensure compliance with applicable laws related to school district investments and collaborate with investment advisors to maximize returns within prudent risk parameters. o Maintain effective cash management policies and procedures to ensure optimal allocation of district funds. Collaboration and Leadership:
o Serve as a key advisor to the Superintendent and School Board on all financial matters. o Lead and mentor the finance team, fostering a culture of continuous improvement and professional development. o Collaborate with other departments to ensure financial policies and procedures align with district goals. o Represent the district in meetings with local, state, and federal agencies regarding financial matters. Grant Management:
o Oversee the administration of state and federal grants, ensuring compliance with all applicable regulations. o Identify opportunities for securing additional funding through grants and partnerships. Qualifications:
Education :
o Bachelor's degree in Accounting, Finance, Business Administration, or a related field (required). o Master's degree or CPA designation preferred. Experience :
o Minimum of 5 years of experience in financial management, with at least 3 years in a leadership role in a public sector or educational setting. o Experience managing budgets in excess of $50 million preferred. o Experience with school finance, Indiana Department of Education policies, and government accounting standards is a plus. o Strong knowledge of IDOE financial reporting standards, GASB principles, and IASBO best practices. Skills :
o Strong analytical, problem-solving, and financial modeling skills. o In-depth knowledge of accounting principles, financial regulations, and budgeting practices in a public-school environment. o Proficiency in financial software and Microsoft Excel. o Exceptional communication skills, both verbal and written, with the ability to present complex financial information clearly to non-financial stakeholders. o Strong leadership and team management skills. o Ability to prioritize tasks, work under pressure, and meet deadlines. Licenses/Certifications :
o Valid CPA (Certified Public Accountant) license or similar certification preferred. o Certified School Business Official (CSBO) certification or the ability to obtain certification within a reasonable time frame is highly desirable. o Valid Indiana driver's license. Interested candidates must apply online at the following district website: https://www.applitrack.com/msdpike/OnlineApp/default.aspx
