Chief Financial Officer
4 weeks ago
The Chief Financial Officer is responsible for overseeing all fiscal affairs of Craven County Schools, including state, federal, and local funds, enterprise funds, and capital. This position requires comprehensive accounting knowledge, including the ability to interpret and implement new accounting standards, per GASB.
The Chief Financial Officer will install and maintain an integrated system to plan fiscal operations, ensuring sound decisions, accountability, and transparency. This position is the financial leader of the school district and requires the ability to interpret and follow fiscal regulations prescribed by the North Carolina General Statutes, the State Board of Education, federal agencies, the Local Government Commission, and other funding entities.
Key Responsibilities- Oversee the preparation and management of the Board of Education's annual budget.
- Plan, organize, direct, and supervise operations of the Financial Services Division.
- Direct and participate in the formulation and implementation of applicable finance policies, ensuring adherence to generally accepted accounting practices and principles of governmental accounting, the rules and regulations of the State Board of Education, and the rules and regulations of the Local Government Commission.
- Invest idle cash in the classes of securities as defined in NCGS 115C-443 (c) and ensure that such deposits are secured as provided in NCGS 115C-444 (b).
- Prepare and file a statement of the financial condition of the local school administrative unit as often as requested by the superintendent, and when requested in writing, with copy to the superintendent, by the board of education or the board of county commissioners.
- Provide information, advice, assistance, and recommendations to the Superintendent, Board of Education, and County Commissioners.
- Direct and monitor Financial Services Division operations to maintain, to control, and to analyze full adherence and implementation of HCPS fiscal policies and procedures.
- Assist members of the Superintendent's Cabinet with financial matters as necessary; answer inquiries and explain policies and procedures.
- Safeguard CCS physical assets through implementation of adequate internal controls and ensure adequate accounting records to document compliance with local, state, and federal laws and ordinances.
- Assist outside auditors in completion of the Board of Education's annual financial audit.
- Oversee preparation/publication of the Board of Education's comprehensive annual financial report (CAFR) in accordance with the Government Finance Officers Association of the United States and Canada (GFOA) Certificate of Achievement for Excellence in Financial Reporting Program requirements and the Association of School Business Officials International (ASBO) Certificate of Excellence in Financial Reporting Program requirements.
- Oversee the district's process management system.
- Oversee maintenance of accounting work on grants received by schools, processing adequate records, reimbursements, code reviews, etc., to comply with applicable laws and ordinances.
- Qualify for certification as a School Finance Officer according to policy of the State Board of Education.
- Five years of professional experience in finance operations (preferably school finance) combined with one of the following: 1. A baccalaureate degree from an accredited four-year college or university with a minimum of 15 semester hours in accounting or 2. A licensed Certified Public Accountant 3. Certified by the State Board of Education as an LEA school finance officer before July 1, 2024.
- Master's Degree in accounting, business administration, public administration, or a related field, with a CPA or advanced degree/doctorate in accounting, business administration, or a related field, and 9 to 12 years of governmental accounting preferably in a N.C. Public school setting, government setting, or any equivalent combination of training and experience that provides the required combination of knowledge, skills, and abilities.
- Maintain (24) hours of continuing education credits as required by the North Carolina Department of Public Instruction.
- Working knowledge of the LINQ payroll and employee management system is preferred.
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