Chief Financial Officer

The new address of this position will be 1 Federal Street, Boston, MA 02110 in December 2024.

About the Organization:

The Office of Consumer Affairs and Business Regulation (OCABR) is a state agency within the Executive Office of Economic Development and is responsible for protecting consumers through advocacy and education. The Office of Consumer Affairs works to ensure that the businesses our agencies regulate treat all Massachusetts consumers fairly. The Division of Banks (DOB), Division of Insurance (DOI), Division of Occupational Licensure (DOL), Division of Standards (DOS), and Department of Telecommunications and Cable (DTC) all fall under the OCABR umbrella and help us to fulfill our critical mission of building better businesses and smarter consumers.

The Office of Consumer Affairs and Business Regulation is committed to creating and sustaining a work culture that is welcoming, inclusive, and mutually respectful to all its employees regardless of race, color, age, creed, religion, national origin, ethnicity, sex, gender identity or expression, sexual orientation, genetic information, veteran or disability status. We strive to reflect diversity in all facets and levels of our agency. The Office of Consumer Affairs and Business Regulation values inclusiveness and diversity within their employee and management teams. Within our community we strive to create and maintain working and learning environments that are inclusive, equitable, and welcoming.

The Office of Consumer Affairs and Business Regulation is committed to ensuring a diverse and inclusive workplace where all employees feel respected, valued, and empowered to maximize their skills and talents to serve our citizens.

About the Role:

The Chief Financial Officer (CFO) is a senior-level position within OCABR and works with OCABR senior staff and department leaders to develop annual budget requests and initiatives. The CFO is responsible for the overall financial management and oversight of all department resources totaling $84 million budget, $300 million revenue, and more than 600 employees. The CFO oversees a centralized administrative services unit which is responsible for managing all budget and accounting activities for each OCABR agency, ensuring compliance with all laws, rules and regulations and supporting the mission of each agency through the efficient delivery of administrative services within the state operational framework.

Duties and Responsibilities: (these duties are a general summary and not all inclusive):

• Budget Planning and Management: Responsible for the budget unit which manages the financial framework that supports all agency operations and initiatives. Key components of this framework include preparing the spending plans for the six OCABR agencies and working with the Secretariat and A&F in the development of the Governor’s annual fiscal year budget proposal.
• Accounting and Procurement: Oversee the accounting unit which is responsible for compliance with all financial rules, regulations and procedures for all accounts receivable, accounts payable and procurement activities.
• Liaison to HR: Work cooperatively with the OCABR HR Senior Business Partner to ensure staffing, reclassification, and promotion plans are accounted for and funded.
• Liaison to the Secretariat Information Technology Director: In conjunction with budget and accounting staff, the CFO and the SCIO must maintain close communications on all operating costs and project initiatives to assure adequate funding is in place and procurement of services is in compliance with financial rules and procedures.
• Communications: The CFO is responsible for all communications with external entities including the following: the Executive Office of Administration and Finance, Legislative Ways and Means Committees, the Office of the Comptroller, and the Office of the State Auditor.
• Other Duties: The CFO oversees various operational activities including all space leasing, landlord relations, internal controls, and audits.

Preferred Knowledge, Skills, and Abilities:

• Required skills include budgeting, management information systems, financial management, program evaluation, policy analysis, personnel management and strong written and verbal communication abilities.
• High level of management experience and skill in administration of a large and complex public agency.
• Knowledge of the state’s accounting system (MMARS), Labor Cost Management, the Commonwealth Information Warehouse and the Massachusetts Budget Application.
• Knowledge of financial reporting and/or financial analysis principles.
• Knowledge of state budgeting process.
• Requires the ability to work effectively with a wide range of people, organizations, and interests, often in conflicting situations and pressurized political environments.
• Personal and professional integrity, strong communication, analytical and decision-making skills.
• Ability to take the initiative and to solve complex administrative problems essential.
• Demonstrated ability to supervise large administrative staff.
• Demonstrated track record of organizing, implementing, and managing complex management systems.
• Eight to ten years of progressively complex and responsible experience in the area of government, management, policy and fiscal affairs.
• Extensive knowledge and experience in the following: public accounting and management techniques, quantitative analysis, computer theory and applications, budgeting and personnel management.
• Ability to exercise sound judgment in prioritizing competing demands and meeting deadlines.
• Ability of modernizing and reforming systems, making structural changes, professional training, common sense, personal integrity, and good judgment.

All applicants should attach a cover letter and resume to their online submission for this position.

MINIMUM ENTRANCE REQUIREMENTS:

Applicants must have at least (A) seven (7) years of full-time or, equivalent part-time, professional, administrative, supervisory, or managerial experience in business administration, business management, public administration, public management, clinical administration or clinical management of which (B) at least three (3) years must have been in a managerial capacity.

Comprehensive Benefits

When you embark on a career with the Commonwealth, you are offered an outstanding suite of employee benefits that add to the overall value of your compensation package. We take pride in providing a work experience that supports you, your loved ones, and your future.

Want the specifics? Explore our Employee Benefits and Rewards

An Equal Opportunity / Affirmative Action Employer. Females, minorities, veterans, and persons with disabilities are strongly encouraged to apply.

The Commonwealth is an Equal Opportunity Employer and does not discriminate on the basis of race, religion, color, sex, gender identity or expression, sexual orientation, age, disability, national origin, veteran status, or any other basis covered by appropriate law. Research suggests that qualified women, Black, Indigenous, and Persons of Color (BIPOC) may self-select out of opportunities if they don't meet 100% of the job requirements. We encourage individuals who believe they have the skills necessary to thrive to apply for this role.