Chief Financial and Business Operations Officer

1 week ago

Chicago, Illinois, United States Illinois Mathematics and Science Academy Full time

POSITION SUMMARY
This role is pivotal in steering the financial operations of the Academy in alignment with Generally Accepted Accounting Principles (GAAP). The individual will play a crucial role in delivering strategic financial insights and leadership.

Furthermore, this position is tasked with enhancing, developing, implementing, and enforcing policies and procedures through systems that elevate the overall efficiency, effectiveness, and financial health of the Academy.

The Illinois Mathematics and Science Academy (IMSA) is globally recognized for cultivating innovative and ethical leaders in the fields of science, technology, engineering, and mathematics.

As a state-created teaching and learning laboratory, IMSA enrolls academically gifted students from Illinois (grades 10–12) in its advanced, residential college preparatory program.

Additionally, it extends its reach to thousands of educators and students across Illinois and beyond through groundbreaking instructional programs that encourage creativity and inquiry.

This position will actively contribute to IMSA's commitment to diversity by ensuring the provision of high-quality, equitable, and inclusive support while fostering an inclusive workplace culture that values diverse perspectives and collaboration, aimed at inspiring and nurturing creative, ethical, and scientific minds that enhance the human experience.


ESSENTIAL DUTIES AND RESPONSIBILITIES
To excel in this role, the individual must effectively manage each essential duty. Reasonable accommodations may be made to enable qualified individuals with disabilities to fulfill the essential functions.

The responsibilities include, but are not limited to:


Overseeing the Academy's Business Office operations, which encompasses leading all accounting functions, institution-wide budget formulation, payroll, procurement, vouchering, purchase order processing, management of the P-Card system, contracting, and compliance with state-mandated financial reporting.

Providing counsel to the Academy's President and Board of Trustees on financial and business matters.
Assuming the role of treasurer for the IMSA Board of Trustees.

Leading the preparation of IMSA's annual external budget request and state reporting, which includes budget tables for the Board of Higher Education, the Governor's Office of Management and Budget, and the Illinois State Legislature.

Conducting annual reviews and reallocating appropriations to projects that address the Academy's priority outcomes and other underfunded needs.

Generating and interpreting reports on business operations, which includes formulating and maintaining accounting policies, preparing financial statements and operational data, coordinating systems and procedures, and producing required special reports.

Ensuring the financial integrity and compliance of IMSA's business and financial operations with statutory requirements while managing the Academy's financial system applications, policies, and procedures.

Leading IMSA's annual financial and compliance audit, which involves preparing annual GAAP packages and financial statements, reports, and schedules for the State of Illinois government-wide and governmental funds.

Contributing to the overall success of the Illinois Mathematics and Science Academy's strategic initiatives.
Ability to work flexible hours, including occasional evenings and weekends.
Other duties as assigned.

MINIMUM QUALIFICATIONS
The essential skills and experience required for this position include, but are not limited to:
A Master's degree in business administration, school business management, or equivalent training.
A minimum of eight years of relevant experience in educational, governmental, private sector, or other nonprofit organizations.
Certified CPA.
Exceptional communication and interpersonal skills.
Proven ability to collaborate effectively with a diverse range of individuals and populations.
Capacity to work independently, resolve issues, seek assistance when necessary, and manage multiple projects concurrently.
Proficiency in computerized accounting software, including configuration and utilization.
Experienced in using common computer hardware (e.g., laptops), office productivity software (e.g., Microsoft Office, budget software), mobile devices (e.g., phones), and common peripherals (e.g., printers, etc.).
A valid driver's license is required.
Willingness to travel as necessary.

PREFERRED QUALIFICATIONS:
Familiarity with State of Illinois procurement processes.
Chief School Business Operations certification.

WORKING CONDITIONS AND PHYSICAL REQUIREMENTS
Work is conducted in an office environment with minimal exposure to health or safety risks. A significant amount of time is spent on a computer.

This role typically requires mobility, effective written and verbal communication, auditory and visual capabilities, manual dexterity, repetitive motions, and the ability to load, unload, and move materials/boxes weighing up to 50 pounds.

However, reasonable accommodations, including assistive technology, may be made to enable qualified individuals with disabilities to meet these requirements.

COMPENSATION:
This position is a full-time, exempt, 12-month, employment-at-will role. The starting salary is no less than $114,605 and is regionally competitive based on training and experience in similar institutions.

As part of the State University Retirement System, the Illinois Mathematics and Science Academy offers a comprehensive benefits package that includes health and retirement benefits.

The State Universities Retirement System (SURS) is reciprocal with other Illinois public retirement systems such as the Teachers' Retirement System of Illinois (TRS) and the Illinois Municipal Retirement Fund (IMRF).

The Illinois Mathematics and Science Academy is an Equal Employment Opportunity Employer, providing equal employment opportunities without regard to race, color, sex, sexual orientation, age, religion, or national origin.

This policy also extends to individuals with disabilities and all disabled Vietnam era veterans. IMSA employs only job-related criteria in making decisions concerning applicants and employees.

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