chief fiscal officer

6 days ago

Little Rock, Arkansas, United States Arkansas Government Job Full time

CHIEF FISCAL OFFICER

Date: Jun 7, 2024

Req ID: 40610

Location:

Little Rock, AR, US, 72209

Category: DEPT OF WORKFORCE SERVICES

Anticipated Starting Salary: $96,959.82

Position Number:

County: Pulaski

Anticipated Starting Salary: $96,959.82

Office of Financial Management & Administrative Services (FMAS)

Position Summary

Position serves as the Chief Financial Officer for the DWS Agency with full responsibilities for all financial and audit activities. Supports the Divisions of Workforce Services, Adult Education, Division of Blind Services, Office of Skills Development, Adult Education, and WIOA.

Education and Professional Work Experience

Minimum Qualifications

The formal education equivalent of a bachelor's degree in accounting, finance, business administration or a related field; plus six years of progressively more responsible experience in accounting, financial management, fiscal operations, budgeting or a related field, including three years in a professional managerial capacity. Additional requirements determined by the agency for recruiting purposes require review and approval by the Office of Personnel Management.

Preferred Qualification

+ Knowledge of state fiscal processes, federal grant management, and supervisory experience.

Knowledge, Skills, and Abilities

+ Knowledge of Generally Accepted Accounting Principles and Practices.

+ Knowledge of principles and practices of fiscal management, including budget development, purchasing, and asset management.

+ Knowledge of state and federal laws, rules, and regulations governing financial, organizational, and human resource management.

+ Ability to prepare budgets and monitor expenditures.

+ Ability to interpret and apply laws, policies, and procedures.

+ Ability to perform cost-benefit analysis and cost accounting.

+ Ability to produce accurate financial reports and forecasts.

+ Ability to prepare and present oral and written information and reports.

+ Ability to plan, organize, and oversee the work of subordinates.

+ Skill in advanced analytical and financial management.

Job Responsibilities and Expected Results

+ Supervises a team of managers who have responsibility for accounting, budgeting, payroll, disbursements, grants & cash management, and procurement.

+ Serves on the Agencys Senior Management Team.

+ Provides advice and assistance to the Secretary, Director, Department CFO, Senior Staff, other state and federal agencies concerning financial, budget, audit, reporting and security issues.

+ Establishes goals and objectives and long and short-range; develops policies and procedures; reviews and implements and interprets federal and state laws and regulations.

+ Provides direction to staff by analyzing operations and activities and providing feedback regarding needs, improvements, and accomplishments, advising on projects and problems, reviewing and developing project plans, schedules and priorities.

+ Represents Agency at Legislative hearings.

+ Provides monthly, quarterly, annual, financial reports, upon request and as scheduled.

+ Completes analysis, projections, and identifies cost savings and best practices.

+ Instrumental in developing Cost Allocation acceptable, fair, and equitable method. Facilitates with federal grant partners and DFA in development of cost allocation model and in response to concerns and corrective action plans as applicable.

+ Maintains and ensures fiscal accountability for DWS umbrella of divisions.

The mission of the Department of Commerce is to champion economic opportunities through strategic initiatives and an equitable regulatory environment that attracts and grows businesses, safeguards consumers, enhances workforce quality, and energizes our infrastructure, creating a better quality of life for all Arkansans.

Position Information

Summary

The Chief Fiscal Officer (CFO) plans and directs the overall operations of administrative services for the agency and is directly responsible for the preparation and monitoring of the annual operations plan and biennium budgets for the agency, for adherence to appropriation and budgetary controls, and compliance with the Accounting and Budgetary Procedures Act and state purchasing laws and regulations. This position is governed by state and federal laws and agency policy.

Functions

Directs the activities of a professional and administrative support staff through lower level managers including interviewing applicants, approving hire recommendations, and evaluating and reviewing work performance of incumbents.

Develops internal financial regulations ensuring compliance with the Department of Finance and Administration (DFA) financial management guide and generally accepted accounting principles.

Develops the financial portion of biennial budget and annual operating plan and performs budgetary and financial accounting for the department.

Reviews and approves all agency contracts, purchase orders, and accounts payable transactions.

Performs strategic planning and financial forecasting in support of agency goals and objectives.

Audits agency financial records for accuracy and compliance and performs risk assessments.

Performs other duties as assigned.

Dimensions

Knowledge, Skills and Abilities

Knowledge of state and federal laws, rules, regulations, policies, and procedures related to accounting and fiscal management, budget development and maintenance, and procurement and asset management.

Knowledge of organizational management, human resources management, and public administration.

Knowledge of the executive and legislative processes.

Ability to analyze data, plan outcomes, and determine solutions.

Ability to interpret and apply laws, rules, regulations, policies and procedures, and develop legislation or recommend revisions.

Ability to prepare and provide information to agency management, the legislative and executive branches, vendors, the press, and the general public.

Ability to organize and present clear and concise oral and written reports of findings and recommendations.

Minimum Qualifications

The formal education equivalent of a bachelor's degree in business administration, accounting, finance, or a related area; plus nine years of progressively more responsible experience in business, accounting, financial operations or a related field, including four years in a professional management capacity.

Additional requirements determined by the agency for recruiting purposes require review and approval by the Office of Personnel Management.

OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE.

Licenses

The State of Arkansas is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, pregnancy, age, disability, citizenship, national origin, genetic information, military or veteran status, or any other status or characteristic protected by law.

Nearest Major Market:Little Rock

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