Deputy Chief Financial Officer
$170k - $180kCity 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.
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