Director of Finance
Position Title: Director of Finance Exempt
Reports To: Chief Financial Officer
Location Kimball, Michigan
Employment Type: Full-time
FLSA Classification: Exempt
Job Description
Summary/Objective
The Director of Finance is responsible for directing and implementing the fiscal functions of the organization and the public school’s it manages, for developing and maintain personnel and position budget information for the annual budget and maintaining compliance for the Finance department based on established standards.
Essential Functions
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Plans, develops, organizes, implements, directs, and evaluates the organizations fiscal functions and performances.
- Understands Public School Fund Accounting strongly preferred.
- Prepares financial reports as required by state and federal agencies having jurisdiction over public school funds.
- Evaluates and advises on the impact of long-range planning, introduction of new programs/strategies and regulatory action. Will also provide feasibility studies as needed.
- Develop credibility for the finance group by providing timely and accurate analysis of budgets, financial reports and financial trends in order assist the CEO and the Boards of Directors in performing their responsibilities.
- Enhance and/or develop, implement, and enforce policies and procedures of the organization by way of systems that will improve the overall operation and effectiveness of the corporation.
- Monitors State and Federal legislation as it pertains to the company and the school districts it manages.
- Establish credibility throughout the organization and with the Boards as an effective developer of solutions to business challenges.
- Continual improvement of the budgeting process through education of department managers on financial issues impacting department budgets.
- Optimize the handling of bank and deposit relationships and initiate appropriate strategies to enhance cash position.
- Develop a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs.
- Will be responsible for executing the company’s financial strategy.
- Develops plans for growth to increase company profits while also looking at ways to reduce expenditures.
- Will assist the Chief Executive Officer (CEO) to develop financial plans, school budgets and find growth opportunities.
- Be an advisor from the financial perspective on any contracts into which the organization may enter.
- Process journal entries and other general ledger transactions. Will also process the journal entry allocation or all schools, and maintain accurate and up to date information for all payroll information.
- Ability to create, read, interpret, and analyze financial statements.
- Responsible for accuracy with payroll and maintaining knowledge of the payroll systems.
- Identify investment opportunities and manage mergers and acquisitions.
- Evaluate the finance division’s structure and team plan for continual improvement of the efficiency and effectiveness of the group as well as provide individuals with professional and personal growth with emphasis on opportunities (where possible) of individuals.
- Work with the auditors to make sure compliance is met.
- Oversees the purchase of all supplies, materials, and equipment, in keeping within the budget.
- Other duties as assigned.
Supervisory Responsibilities
- This position is responsible for the supervision of all employees in the accounting and finance department.
Competencies
- Financial Management
- Business Acumen
- Communication Proficiency
- Ethical Conduct
- Leadership
- Performance Management
- Personal Effectiveness/Credibility
- Problem Solving/Analysis
- Strategic Thinking
- Strong verbal and written communication skills
- Technical Capacity
- Ability to communicate effectively with individuals of all levels
- State and Federal Grant Management
- Public Fund Accounting
Required Education and Experience
Bachelor’s degree in accounting or finance required or 7+ years of related experience and/or training; or equivalent combination of education and experience, Master’s degree and CPA designation preferred. Public School Finance/Auditing experience preferred. The ideal candidate will also be proficient in Excel.
Physical Demands
This is a largely sedentary role; however, some filing is required. This would require the ability to lift files, open filing cabinets and bend or stand, as necessary.
Work Environment
This position operates in a accounting office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Equal Employment Opportunity
Summit Management Consulting, LLC is an equal opportunity employer. Employment decisions are made without regard to race, color, religion, national origin, sex, pregnancy, gender identity or sexual orientation, age, disability, genetic information, veteran status, or any other status protected by applicable federal, state, or local law. Summit Management Consulting, LLC is committed to providing equal employment opportunities to all qualified individuals and will provide reasonable accommodations for qualified individuals with disabilities as required by applicable law.