Chief Financial Officer
6 days ago
Job Summary:
The Somerville Public Schools seek a skilled Chief Financial Officer to manage the financial and business affairs of the district, ensuring the integrity of district finances and maximizing financial resources to promote educational services for students.
Key Responsibilities:
- Oversee the business affairs of the district, adhering to municipal, state, and federal regulations and policies set by the Somerville School Committee.
- Direct financial accounting activities, including budgeting, accounts payable, payroll, and contract services, to ensure the accuracy and integrity of district financials.
- Develop and maintain financial systems and processes to facilitate accurate accounting, analysis, and projections.
- Prepare and administer the annual budget under the Superintendent’s supervision, working with district, municipal, and community stakeholders to create a budget consistent with district strategies and obligations.
- Analyze district financials regularly, advising the Superintendent and School Committee on district finances, and producing financial analysis, reports, and projections.
- Manage procurement, revenue streams, and expenditures associated with district programs funded by federal and state governments, private grants, and other sources.
- Act as the official purchasing agent, ensuring compliance with municipal regulations and developing standards for vendor contracts.
- Supervise inventory management, including supplies, equipment, and property inventory, with appropriate controls in place.
- Collaborate with the Technology Director to manage the Technology Attrition Plan.
- Monitor school department expenditures, ensuring fiscal integrity, and sign encumbrances and approve invoices for payment.
- Act as the district liaison to the municipal Finance Department for fiscal management.
- Assist the School Committee and Superintendent in long-range planning for building utilization and space management.
- Supervise and evaluate district supporting services, including school and nutritional services, transportation, and building rentals.
- Develop annual Capital Improvement and Capital Equipment Plans for the district.
- Supervise and evaluate district finance staff, including payroll, purchasing, accounts payable, and grants management.
- Collaborate with department directors and programmatic leads for grant oversight and implementation.
- Provide fiscal oversight to ancillary programs, including school food and nutritional services, community schools, and summer programs.
- Attend and participate in regular and special School Committee meetings, as directed.
Requirements:
- Massachusetts Department of Elementary and Secondary Education certification as a School Business Administrator required; commitment to securing licensure within one year.
- Bachelor’s degree required, Master’s degree preferred.
- Minimum of five years of experience as a School Business Administrator or similar position, with expertise in supervising financial functions, including accounts payable, payroll, procurement, and grant management.
- Experience in comprehensive budget planning, development, and management.
- Excellent analytical skills, with the ability to analyze and interpret complex financial data.
- Knowledge of and experience administering municipal and school finance laws and regulations.
- Excellent communication skills, including public speaking and writing.
- Able to work successfully in a team environment and develop stakeholder relationships.
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