Chief Financial Officer[Managerial Tier E]

Location
Boston, MA, US
Salary
Competitive
Posted
May 25, 2019
Ref
15649
REPORTS TO: Superintendent
ACADEMIC/NON-ACADEMIC: Non-Academic

POSITION OVERVIEW:
The position of the Chief Financial Officer (CFO) leads the Finance division of the Boston Public Schools, reporting to the Superintendent. Along with the Superintendent and District Leadership team, the CFO helps to set strategic direction and provide leadership of the financial services within Boston Public Schools to support that direction. Key deliverables include: maintaining a multi-year financial outlook, creation of an annual balanced budget, providing financial reporting in accordance state statutes, regularly detailing the financial status of the district, and ensuring appropriate service delivery and outcomes associated with operational functions including Budget, Grants, Business Services (Purchasing, Accounts Payable, and Revenue Claiming), Accounting, and Planning and Analysis.

RESPONSIBILITIES:
  • Oversees and supports the effective operation of the Finance department, including Budget, Grants, Accounting, Business Services (Purchasing, Accounts Payable, and Revenue Claiming) and Planning and Analysis (which includes enrollment projections). Represents the Finance Team at all internal and external forums, as necessary and appropriate.
  • Oversees the budget development process. With the support of the Deputy CFO, Budget Director, and Budget staff, facilitates the budget planning process resulting in a clear alignment of financial resources with educational priorities. This includes: estimating resources needed to implement initiatives and sustain ongoing efforts, projecting revenues from city and external sources, benchmarking present expenditure levels. Facilitates budget development discussions with the Superintendent and his or her Leadership team resulting in the Superintendent's annual budget recommendation to the School Committee.
  • Collaborates and communicates with the Superintendent, School Committee and the City on budget development. Presents justification and support for funding proposals made to School Committee and the City Council.
  • Serves as a member of the Superintendent's Leadership Team ("the Executive Cabinet").
  • Oversees the maintenance of accurate and complete financial records through sound accounting and auditing procedures. Responsible for meeting all financial reporting requirements of the Boston Public Schools. This includes, but is not limited to, insuring that the annual Commonwealth of Massachusetts End of Year Pupil and Financial Report is filed accurately and on time.
  • Provides fiscal accountability for the Boston Public Schools. This means that the Chief Financial Officer will present appropriate strategies and options to the Superintendent and School Committee that would result in the district spending within budget.
  • Ensures the coordination of budget/financial services to schools. Assures that budget information is presented in a timely, easily understandable, and accessible way for planning, management and reporting purposes. Assures responsiveness to school requests and facilitation/support for school-based decision making. Supports school-identified initiatives, while assuring compliance with federal and state mandates and collective bargaining provisions. Advises, assists, and enables team leaders, principals and headmasters to engage in school-level and team-level budget planning, budget control, expenditure monitoring and reporting.
  • Monitors expenditures of the Boston Public Schools and performs financial analyses on a periodic basis. Assures that system-wide spending aligns with planned spending. Assures that the system's financial practices are of the highest quality and that appropriate procedures are developed to ensure that all school department managers understand their legal and fiscal responsibilities.
  • Works with all Finance teams to insure a level of service to schools that is characterized by continuous improvement and responsiveness.
  • Advise negotiating teams on the financial impact of proposed collective bargaining agreements
QUALIFICATIONS - REQUIRED:
  • 8+ years progressively responsible, successful management experience in financial and/or operations management
  • Capacity to help lead strategic planning across the district, in particular with respect to strategic and equitable resource allocation.
  • Demonstrated aptitude and skills in financial/analytical matters
  • Demonstrated executive-level experience leading a large organization or department and interacting with multiple internal/external stakeholder groups.
  • Knowledge of theory, principles and practices of educational finance, including school budget administration, financial planning and risk management processes.
  • Experience in sustaining a service orientation in the delivery of operational services
  • Demonstrated collaborative management style that fosters teamwork
  • Excellent oral and written communication skills, including the ability to communicate complex ideas to audiences with varying levels of financial background or expertise.
  • Ability to work harmoniously and effectively with a wide range of constituencies in a diverse community
  • Proficiency with financial accounting software (Boston uses PeopleSoft) and personal computer Microsoft Office products (Excel, Word, Power Point).
  • Current authorization to work in the United States
  • An understanding of and commitment to gain greater understanding of what is necessary for an urban school system to enjoy continuous improvement in an increasingly complex and competitive environment.
  • A deeply held and unyielding belief in the overarching mission of public education.
QUALIFICATIONS - PREFERRED:
  • Experience in a public school district setting. Evidence of strategic thinking and capacity to bring strong, innovative financial and organizational leadership
  • Masters Degree in school or business administration, accounting or related area. Special study or experience in school finance preferred
  • Familiarity with Boston and Boston Public Schools
TERMS: Managerial, Tier E. City of Boston residency required.

The Boston Public Schools, in accordance with its nondiscrimination policies, does not discriminate in its programs, facilities, employment, or educational opportunities on the basis of race, color, age, criminal record (inquiries only), disability, homelessness, sex/gender, gender identity, religion, national origin, ancestry, sexual orientation, genetics or military status and does not tolerate any form of retaliation, or bias-based intimidation, threat or harassment that demeans individuals' dignity or interferes with their ability to learn or work.

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