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Primary Accountabilities
Reporting to the President, the Chief Financial Officer (CFO) provides
leadership for the College in all financial functions. The position
works in close collaboration with senior administration and the Board of
Directors to provide oversight and guidance in the areas of financial
leadership and strategy, compliance and controls, active monitoring of
the operational budget and budget development, analysis of the
institutions fiscal trends, and development of appropriate options and
responses to support the Colleges mission, vision, and goals. The CFO
also supervises classified and professional staff within the Business
and Finance Office, including oversight of their functions, roles, and
responsibilities, as well as recruitment, training, evaluation, and
related duties.
Performance Responsibilities
- Financial Leadership & Strategy
- Provide leadership in the preparation, implementation, and
management of the college budget including payroll, accounts
payable, accounts receivable, financial reporting, and other
financial areas of the institution that meets and/or exceeds
appropriate requirements and best practices.
- Administer a budget control system, with appropriate daily
accounting processes, standards, and evaluation, for MATC, including
club/activity accounts (in coordination with their sponsors), to
ensure compliance with all appropriate laws and regulations, and to
reinforce effective stewardship of college fiscal resources.
- Supervise the preparation, publication and distribution of budgets
as approved by the President and Board, and preparation of all
financial statements and related reports as required and/or as
requested by college administration, legal/state/federal entities,
and/or accreditation agencies.
- Serve as Treasurer to the Board of Directors, providing strategic
financial oversight and developing customized financial monitoring
tools and resources to support informed decision-making and fiscal
accountability.
- Provide strategic oversight of the college foundations financial
operations, including budgeting, reporting, and compliance, to
ensure alignment with institutional goals and fiduciary
responsibilities.
**Financial Operations & Cash Management**
- Reconcile all bank accounts for both the college and its foundation
on a regular basis, ensuring accuracy, completeness, and timely
resolution of discrepancies in accordance with established financial
controls.
- Supervise the collection, safekeeping and distribution of all funds.
- Ensure pre-audit of purchases are within budgetary allowances and
are lawful expenditures of MATC.
- Develop and maintain the record keeping, safekeeping, and depository
security of all funds to maximize investment income while assuring
safety and liquidity of those funds; and the subsequent reporting on
those investments.
- Oversee the accurate tracking and reporting of fixed assets in
accordance withGASB standards, utilizing the colleges fixed asset
management module to ensure compliance with institutional policies
and regulatory requirements.
**Compliance, Reporting, & Controls**
- Develop and monitor a system of internal control ensuring compliance
with federal and state laws and Board policy, and generally accepted
accounting principles to include activities verifying account
records, evaluating the adequacy of the internal control system on a
continual basis, and evaluating the reliability of the accounting
and reporting systems, and compliance with policies and procedures.
- Coordinate and provide all necessary financial documentation and
support to ensure the timely nd accurate completion of annual
audits for both the college and its foundation, in compliance with
applicable accounting standards and audit requirements.
- Responsible for all special projects and grant financial accounting.
- Responsible for all federal/state/local tax reporting including
maintenance of source documents and records used in the preparation
of these reports.
**Student & Grant Financial Oversight**
- Coordination of student billing and financial aid distribution (with
financial aid staff).
- Coordinates draw down and disbursement of financial aid to students
including federal aid (Pell Grant, Direct Student Loans, SEOG grant.
- Coordinates with grants officers on all financials aspects of
institutional grants as per Education Department General
Administrative Regulations (EDGAR) and/or state regulations to
include spending activities, draw down, reporting, audits, etc.
- Other duties as assigned by the President.
**NOTICE OF SPECIAL POSITION OF EMPLOYMENT REQUIREMENTS**
- This position description is not designed to cover or contain a
comprehensive list of all duties and results to be performed in this
position. Duties and Performance standards may be added,**
