MOORESVILLE GRADED SCHOOL DISTRICT

Job Description

 

Chief Finance Officer

 

Job Title: Chief Finance Officer

 

Reports to: Superintendent

 

Supervises:  Finance Department staff

 

Purpose of Position:  Under limited supervision, performs comprehensive supervisory and management responsibilities to carry out Board of Education (BOE) policies and procedures for Mooresville Graded School District (MGSD); financial operations and other delegated areas of responsibility. 

 

Essential Job Functions include but are not limited to the following:

• Provides district leadership, the Local Board of Education, building-level administrators and others with appropriate guidance, policies and procedures related to financial matters.
• Prepares and maintains the school district annual budget; analyzes the local board’s and local superintendent’s initiatives and ensures appropriate and allowable funding sources. Manages all activity for a balanced budget that is in compliance with the School Budget and Fiscal Control Act.
• Analyzes various financial, personnel and student data and records for leadership decision-making. These analyses are used in preparation of reports as required for submission to local, state, federal oversight agencies and/or superintendent and board.
• Maintains a payroll system in compliance with state and federal laws and regulations, including the Fair Labor Standards Act and the Internal Revenue Service Code, as well as procedures related to salary and absence data required by the State Board of Education.
• Oversight of the school system purchasing and contract procedures to ensure compliance with local, state, and federal policies.
• Ensures compliance with the Federal funding expenditures to ensure compliance of federal regulations including Uniform Grant Guidance and specific grant requirements.
• Maintains the general ledger system, including adjusting journal entries, budget adjustments, chart of account maintenance, and reconciliation of general ledger accounts to ensure accurate account balances and adherence to general accepted accounting principles (GAAP). Utilizes a complex chart of accounts and recognizes and researches appropriateness of accounts codes on payroll expenditures, payroll collections, and non-salary expenditures and determines required steps for resolution.
• Responsible for the year-end financial statements for the annual independent audit and the school system’s Annual Comprehensive Financial Report (ACFR). Provides auditors (independent, state and/or federal) all required reconciliations and other client prepared materials.
• Maintains all system-wide bank accounts and ensures timely and accurate reconciliation of all bank and balance sheet accounts.
• Safeguards physical assets through implementation of adequate internal controls and ensures adequate accounting records to document compliance with local, state, and federal laws and ordinances.
• Ensures the quality of fiscal operations at the individual schools, through periodic audit reviews of fiscal records and ensures corrective action is taken, as necessary.
• Directs a staff of professional, technical, and clerical personnel responsible for compiling data for various reports required from oversight agencies.
• Supervises and conducts evaluation duties for subordinates; including hiring and termination recommendations, observations, assigning special duties, monitoring attendance and travel reports, and approving leave. 
• Oversees the district’s risk management program.
• Prepares and delivers written and oral presentations on MGSD budget and fiscal matters as well as other financial concerns to the BOE, Superintendent, administrators and teachers, parents, and community groups.
• Attends seminars, conferences, workshops, classes, lectures, etc., as appropriate, to enhance and maintain knowledge of trends and developments in the field of accounting and auditing; reviews professional journals, attends association and professional meetings; and otherwise maintains contacts with professionals to facilitate exchange of information.
• Serve as a member of the district executive team and supports implementation of the district strategic plan.
• Other duties as assigned by the superintendent.

Required Qualifications:

• Five years of professional experience in finance operations combined with at least ONE of the following:
• Bachelor's Degree from an accredited four-year college or university with a minimum of 15 semester hours in accounting.
• A licensed Certified Public Accountant (CPA) 
• Certification by the State Board of Education as an LEA school finance officer prior to July 1, 2023.
• Must also maintain (24) hours of Continuing Educations Credits as required by the North Carolina Department of Public Instruction.

Terms of Employment:  12-month with salary commensurate with the NC State Salary Schedule as outlined by the North Carolina Department of Public Instruction.  Full benefits package offered with full-time employment.