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Chief Financial and Operations Officer
2 months ago
Position Overview:
ROLE 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 providing strategic financial insights and leadership. Furthermore, they will enhance, develop, implement, and enforce policies and procedures through systems that bolster the overall functionality, efficiency, and financial health of the Academy.
The Illinois Mathematics and Science Academy (IMSA) is renowned for cultivating innovative and ethical leaders in the fields of science, technology, engineering, and mathematics. As a unique educational institution established by the State of Illinois, IMSA caters to academically gifted students (grades 10-12) through its advanced, residential college preparatory program. Additionally, it supports numerous educators and students across Illinois and beyond with pioneering instructional programs that encourage creativity and inquiry.
IMSA is dedicated to fostering an equitable, diverse, and inclusive educational environment. The Academy is committed to promoting equity in STEM education and representation, creating a diverse and inclusive community of global citizens capable of realizing their full potential and fulfilling our mission to enhance the human condition.
This commitment to Equity and Excellence involves the intentional integration of Cultural Competence, Diversity, Equity, an Equity-Minded Frame, Excellence, and Inclusion into every aspect of the Academy. It recognizes that this is an active and ongoing process that encompasses structures, processes, and individuals, rather than a standalone initiative.
This position will support IMSA's diversity initiatives by ensuring the provision of quality, equitable, and inclusive support while fostering an inclusive workplace culture that values diverse perspectives and collaboration, ultimately nurturing creative, ethical, and scientific minds that contribute to the advancement of humanity.
Key Responsibilities:
ESSENTIAL FUNCTIONS
To excel in this role, the individual must competently execute each essential function. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform these essential duties. 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 management, procurement, vouchering, purchase order processing, management of the P-Card system, contracting, and ensuring compliance with state-mandated financial reporting.
- Providing strategic advice to the Academy's President and Board of Trustees on financial and operational matters.
- Serving as the treasurer for the IMSA Board of Trustees.
- Leading the preparation of IMSA's annual external budget request and state reporting, including budget tables for the Board of Higher Education, the Governor's Office of Management and Budget, and the Illinois State Legislature.
- Facilitating the annual review and reallocation of appropriations to projects that address the Academy's priority outcomes and other underfunded needs.
- Generating and interpreting reports on business operations, including the formulation and maintenance of accounting policies, preparation of financial statements, and coordination of systems and procedures.
- 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, including the preparation of annual GAAP packages and state government-wide financial statements.
- Contributing to the overall success of the Illinois Mathematics and Science Academy's strategic objectives.
- Flexibility to work irregular hours, including occasional evenings and weekends.
- Performing other duties as assigned.
Qualifications:
MINIMUM REQUIREMENTS
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 non-profit organizations.
- Certified Public Accountant (CPA) designation.
- Exceptional communication and interpersonal skills.
- Proven ability to collaborate effectively with diverse individuals and populations.
- Capacity to work independently, resolve issues, seek assistance when necessary, and manage multiple projects simultaneously.
- Proficiency in computerized accounting software, including configuration and utilization.
- Experienced in using common computer hardware, office productivity software, mobile devices, and peripherals.
- A valid driver's license.
- Willingness to travel as required.
Preferred Qualifications:
- Familiarity with State of Illinois procurement processes.
- Chief School Business Operations certification.
WORKING CONDITIONS AND PHYSICAL REQUIREMENTS
This position is primarily office-based with minimal exposure to health or safety hazards. Significant time will be spent working on a computer. The role typically requires mobility, effective written and verbal communication, auditory and visual capabilities, manual dexterity, repetitive motions, and the ability to lift and move materials/boxes weighing up to 50 pounds. Reasonable accommodations, including assistive technology, may be provided to enable qualified individuals with disabilities to meet these requirements.
COMPENSATION:
This is a full-time, exempt, 12-month employment-at-will position. The starting salary is no less than $114,605 and is regionally competitive based on training and experience in similar institutions. The Illinois Mathematics and Science Academy offers a comprehensive benefits package, including health and retirement benefits, as part of the State University Retirement System.
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 encompasses individuals with disabilities and all disabled Vietnam era veterans. IMSA utilizes only job-related criteria in making decisions concerning applicants and employees.
