Chief Financial Officer
4 days ago
The
**Cleveland Metropolitan School District (CMSD**) is the third largest public school system in Ohio, serving more than 35,000 students in 99 schools/programs.
Through The Cleveland Plan, a groundbreaking reform plan created by the community and written into state law, CMSD strives to ensure that every child receives a high-quality education, regardless of the provider. To that end, CMSD lets families choose which District schools their children attend, with options that include STEM, the arts, single-gender education, International Baccalaureate, Montessori and early college. The Cleveland Plan defines CMSD’s approach to the reinvention of public education and holds our community accountable for the success of Cleveland’s school children. This plan was reaffirmed by the greater Cleveland community in 2021 when a refreshed Cleveland Plan was publicly released.
**Position Overview**
The
**Chief Financial Officer** (CFO) serves as a key member of the Chief Executive Officer’s ten member senior leadership team and works closely with the Chief Executive Officer and Chief of Staff to lead the development and implementation of the financial plan necessary for the District to provide the programming and supports their schools need in order to achieve it’s academic, organizational health, and public trust goals in alignment with the District’s vision for learning.
The Chief Financial Officer is responsible for translating CMSD’s vision for learning into concrete financial priorities as well as coordinating all short and long-range financial plans in support of overall district growth and student achievement. The new CFO will promote CMSD’s schools as centers of academic excellence and models of accountability fostering a success-oriented culture of accountability within the district to ensure that maximum funding is deployed to facilitate the instruction and programs driving student achievement.
The Chief Financial Officer serves as the District’s chief fiscal officer and custodian of all District funds. As such, the CFO will drive financial planning as well as development and implementation of practices that support optimum functioning of all internal financial systems within the District. The Chief Financial Officer also serves the role of Treasurer to the Cleveland Board of Education as prescribed in Ohio law. Supporting the CFO’s efforts will be a skilled team of 45 staff and a budget and portfolio of $20 million annually.
In pursuit of CMSD’s learning vision, the Chief Financial Officer is a deliberate, purposeful, action oriented, results-driven person who leads in both word and action with an entrepreneurial and innovative spirit and a “get to yes” attitude.
For more information on the District’s finance function, please visit: Finance Department / Finance (clevelandmetroschools.org)
**Key Responsibilities**
The Chief Financial Officer will be responsible for overseeing and leading efforts to:
- Provide vision and leadership for CMSD’s finances and treasury functions in order to advance CMSD’s mission and vision.
- Act as a key strategic advisor of all aspects of finance determining appropriate investment and resource allocation.
- Collaborate with a variety of internal and external stakeholders including CEO, Chief of Staff, staff, etc.
- Strategically align resources to meet CMSD’s mission and vision through effective financial stewardship, analysis, and forecasting.
- Develop and implement policies and procedures for the financial aspects of all school operations
- Prepare tax budgets, annual financial reports, statutory reports and monthly statements of the District's financial status
- Manage and monitor budgets, financial records, audits and accounting requirements with impeccable accuracy and timeliness
- Track major programs and initiatives to document expenditures and outlays, consistent with standard accounting practices
- Work with the CEO to prepare the tax budget and annual appropriations
- Supervise and oversee day-to-day financial reporting, including but not limited to budgetary accounts and monthly tax statements
- Direct, supervise and evaluate the Treasurer's Office staff, consistent with the highest standards of professional conduct and fiduciary responsibility
- Cultivate a diverse, equitable, accessible, and inclusive culture that is consistent with CMSD’s values.
- Develop and oversee standards, metrics and systems to ensure quality control, cost management, and timeliness for all financial functions within the schools, especially functions related to payroll, budgets and insurance matters
- Ensure that schools are in compliance with all government regulations, and that all records are maintained and reports submitted appropriately
- Research and implement best practices in customer service, financial administration and business management
- Shape processes to optimize operating efficiencies and productivity at every level
- Ensure that
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