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
