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Deputy Chief Financial Officer

$170k - $180k

City Colleges of Chicago

Deputy Chief Financial Officer

Reporting to the Chief Financial Officer, the Deputy Chief Financial Officer (Deputy CFO) oversees and directs the day-to-day operations of the Controllers and Accounting functions of the Finance department. The Deputy CFO is responsible for ensuring the integrity of the District's financial accounting data; overseeing the District's financial reporting functions; maintaining custody of the District's cash and investments; completing cash flow projects; and investing the Districts funds. Performs related duties as required.

Essential Duties

  • Directs and oversees the day-to-day operations of the Controllers and Accounting functions of the Finance Department, including treasury, accounts payable, and grant accounting.
  • Leads the development and enhancement of financial forecasting models to improve Finances ability to accurately project monthly revenues and expenses against budget.
  • Supports the development, maintenance, and ongoing refinement of CCCs five-year financial pro forma projections.
  • Develops and reports on monthly cash flow statements and projections to support effective fiscal planning and decision-making.
  • Leads the development and implementation of routine monitoring and reporting tools to support the planning and utilization of bond funds.
  • Contributes financial analysis and recommendations to CCCs five-year capital planning process and related capital plan updates.
  • Provides oversight and leadership for CCCs annual audit process and ensures timely and accurate financial reporting.
  • Monitors and analyzes financial performance across the District by operating unit (including colleges and District Office) on a monthly basis by utilizing various reports and preparing monthly financial statements compared to operating budgets, as well as utilizing cash flow projections to assist with making fiscal decisions.
  • Assists in the financial analysis and costing of union contracts and collective bargaining proposals for budgeting and financial planning purposes.
  • Oversees the preparation of financial reports, forecasts, and projections, and provides analysis and interpretation for senior management and executive decision-making.
  • Communicates and collaborates with the Chancellor, the Chief Financial Officer, and all College Presidents/Vice Presidents regarding annual Higher Learning Commission reports.
  • Coordinates with the internal audit department on planned audits, findings, and management responses.
  • Assists the Chief Financial Officer and General Counsel with District financial and operational matters as needed.
  • Performs other duties as assigned by the Chancellor and the Chief Financial Officer.

Reporting Relationships

Reports To Chief Financial Officer

Direct Supervision Associate Vice Chancellor-Finance/Treasurer

Qualifications

  • Bachelor's degree in Finance, Accounting, Business Administration, or related field from an accredited college or university. Master's degree and CPA/CMA preferred.
  • A minimum of seven (7) years of progressively responsible experience in finance or accounting, preferably within a public sector, higher education, or similarly complex organization.
  • An equivalent combination of education and experience may be considered at the discretion of management.
  • Demonstrated experience across multiple areas of financial management, including treasury, accounts payable, general and grant accounting, and capital budgeting.
  • Experience working in a large, multi-site, multi-union higher education or public sector organization preferred.
  • Experience with enterprise financial systems (ERP).
  • Comprehensive knowledge of fiscal management principles and practices.
  • Knowledge of governmental and financial accounting standards, including Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB) requirements.
  • Knowledge of accounting and auditing rules and regulations, as well as established accounting best practices.
  • Knowledge of investment principles and cash management strategies applicable to public sector organizations.
  • Knowledge of financial analysis and financial reporting.
  • Knowledge of strategic planning, capital planning, and policy development.
  • Knowledge of team leadership, project management, and organizational operations.
  • Excellent leadership skills, including guiding teams, providing direction, and influencing organizational outcomes.
  • Strong analytical and problem-solving skills, with the ability to apply innovative and creative approaches to complex work-related challenges.
  • Excellent interpersonal, verbal, and written communication skills.
  • Ability to adapt to changing priorities and work effectively in a dynamic environment.
  • Demonstrated initiative and accountability, including the ability to take proactive action and execute responsibilities effectively.
  • Ability to build and maintain effective working relationships with diverse stakeholders.
  • Demonstrated ability to develop and lead a technologically integrated environment that enhances operational effectiveness and supports innovation.
  • Ability to work effectively within a culturally diverse environment.
  • Demonstrated ability to contribute to strategic visioning and implement new initiatives.
  • Proficient in the use of Microsoft Office 365 (Word, Excel, PowerPoint, Outlook, Teams)

$170,000 - $180,000

Offered salary will be determined by the applicant's education, knowledge, skills, and abilities, as well as other factors such as internal equity.

Benefits information is found at

We offer: Excellent health and welfare benefit package and long-term savings and investment programs including 403(b) & 457(b) Investment Plans and a pension plan with the State University Retirement System (SURS) Plan. Generous vacation, holiday, personal and sick days, and tuition reimbursement. For a more detailed overview of benefits, please visit the benefits page of our website.

Vacancy posted 2 days ago
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