About the job
Position Summary
The Chief Financial Officer (CFO) serves as a key member of the senior leadership team within the Department of Behavioral Health and Intellectual disAbility Services. Reporting directly to the Commissioner, the CFO is tasked with directing all financial operations of the department. This includes managing cash flow planning, overseeing cash investments, and ensuring effective asset management. The incumbent will supervise the Accounting Department, ensuring precise financial reporting for both internal oversight and external auditors. This managerial role involves delegating many functions to subordinate staff and managers, including the Health Fiscal Director.
Essential Functions
- Formulate and execute a financial strategy that aligns with the department’s mission and the city’s long-term objectives. Establish clear financial priorities to facilitate efficient resource allocation, program funding, and sustainable growth, ensuring that financial planning meets the department’s strategic aims.
- Articulate departmental priorities and strategies to subordinate employees, including the Health Fiscal Director, to ensure alignment and consistency across the finance unit.
- Oversee the development and management of the department’s budget, collaborating with division leaders to allocate resources effectively within budgetary limits. Ensure that budget proposals are data-driven and consistent with departmental aims, presenting budget recommendations to departmental leadership and city officials.
- Conduct thorough financial analyses to support data-driven decision-making, encompassing forecasting, scenario planning, and cost-benefit evaluations.
- Manage cash flow planning, cash investments, and asset management to guarantee fiscal stability and fund availability.
- Provide oversight for grants and various funding sources.
- Lead the accounting department to ensure accuracy, integrity, and compliance with city policies and accounting standards while ensuring the effective operation, maintenance, security, and backup of all financial systems, databases, and software.
- Establish and monitor internal controls to protect the department’s financial resources, ensuring compliance with local, state, and federal regulations. Identify financial risks and formulate mitigation strategies to safeguard departmental assets and maintain financial stability.
- Oversee the preparation and communication of monthly, quarterly, and annual financial statements, serving as the primary liaison with external auditors, and managing the preparation and support for all external audits.
- Mentor and develop the finance team to cultivate a collaborative and high-performance work environment. Provide guidance and growth opportunities to team members, building a skilled finance workforce.