What are the responsibilities and job description for the Executive Director of Finance position at Cabot School District?
Position Summary:The Executive Director of Finance is responsible for all operations in the District Business Office.
Essential Tasks and Responsibilities:
Serve as district Treasurer
Prepare the annual district budget for approval by the Superintendent and Board of Directors
Monitor the budget throughout the fiscal year
Manage cash flow/investments of the district
Oversee all deposits, in the manner prescribed by law, of all money received in district accounts
Prepare monthly financial statements and provide financial data as needed for planning and decision making
Provide periodic budget performance reports to district administrators, principals, and department heads to aid in budget management at the school and department levels
Keep the Superintendent informed on all business affairs of the school district and recommend changes and improvements which need to be made
Supervise the financial operation of the district including, but not limited to, salaries, operations, issuance of bonded debt, debt service, capital outlay, federal funds, food service funds, grant funds, and activity and athletic funds
Ensure full compliance at all times with state financial systems procedures and coding requirements in the operation of the district accounting systems and activities
Establish, modify, and coordinate implementation of accounting and accounting control procedures
Audit internal accounting controls to ensure that district procedures are being followed
Supervise and hire all business office personnel
Provide direction for payroll management including the development of salary schedules, preparation of payroll checks, and dissemination of reports required for income taxes, social security, unemployment, and retirement
Prepare annual employment contracts and contract addendums as required
Evaluate personnel as assigned by the Superintendent
Supervise employment records related to employee compensation rates, including years of experience, educational achievement, duty and stipend assignments, and special certifications or designations
Administratively oversee the posting of all employee leave
Approve and monitor all products offered to employees through payroll deduction
Oversee compliance with Section 125 Cafeteria plan
Administratively oversee compliance with all 403(b) & 457 employee contributions
Conduct fiscal year end processing and reporting
Serve as the district liaison for all external auditors
Ensure compliance with all legislation regarding school business administration
Responsible for recordkeeping of equipment inventory and real estate records
Responsible for evaluation and acquisition of property, liability, and other insurance for the district
Work closely with the district’s fiscal agent with regard to all debt service/bond issue matters
Administratively responsible for establishing, revising, and implementing purchasing procedures for the district
Monitor financial procedures and activity of outside support organizations affiliated with the district
Provide at least minimal levels of training in financial policies and practices for appropriate district personnel as needed
Serve as district financial coordinator for eFinance and maintain appropriate certifications as required
Attend and represent the district at community, state, and professional meetings as assigned
Performs other related tasks as designated by the Superintendent
Adhere to all policies of the district
Note: The above description is illustrative of tasks and responsibilities. It is not meant to be all inclusive of every task or responsibility.
Knowledge, Skills and Abilities:
Knowledge of modern office practices
Ability to communicate effectively in oral and written form
Proficient computer skills
Knowledge and use of a variety of software programs
Ability to maintain confidentiality
Clerical skills
Mathematical skills
Accuracy
Strong data entry skills