Director of Finance Job Beverly area,Massachusetts USA,Finance & Banking

Reports to: Superintendent of Schools
Supervises: Finance/Business Office staff, including five direct reports
Location: District Office
Work Year: Full-year/12-month administrative position
Schedule: Regular business hours, with occasional evening meetings or events as needed.
Compensation: $150,000–$160,000 annually, commensurate with experience and education

JOB SUMMARY

The Director of Finance serves as the chief financial leader for Beverly Public Schools and is a member of the District leadership team. Reporting directly to the Superintendent of Schools, the Director is responsible for the integrity, accuracy, transparency, and effective management of the District’s financial systems and resources.
The Director is in charge of preparing the annual budget. They are also responsible for accounting, payroll, accounts payable, accounts receivable, procurement, grants, special revenue and revolving funds, student activity funds, financial reporting, audit preparation, and all related reporting to state and federal agencies.
The Director works collaboratively with school and fellow district leaders and with City of Beverly officials to ensure that financial decisions are aligned with District priorities, applicable law, School Committee policy, established city and district accounting principles, and sound municipal finance practices.
This is a finance leadership position. The Director collaborates with Food Services, Transportation, Technology, Buildings & Grounds, Human Resources, Special Education, and other departments to ensure accurate budgeting, accounting, procurement, forecasting, reconciliation, and financial reporting.

PERFORMANCE RESPONSIBILITIES 1. Strategic Financial Leadership, Budgeting, and Forecasting

Lead the development, presentation, implementation, and monitoring of the District’s annual operating budget.
Align financial planning and resource allocation with District priorities, School Committee goals, contractual obligations, student needs, and applicable federal requirements.
Identify financial risks, budget pressures, revenue opportunities, and potential cost‑saving measures and provide recommendations to the Superintendent.
Monitor revenues and expenditures and maintain accurate projections and multi‑year financial forecasts to support short and long range financial planning for the Superintendent and School Committee.
Investigate projected overages, underages, negative balances, and reconciliation discrepancies and recommend timely corrective action and budget transfers when necessary.
Ensure that year‑end financial closeout is planned and managed in a timely manner and serve as the School District representative to the City of Beverly Financial Forecasting Committee.

2. Accounting, Internal Controls, Audit, and Compliance

Review, maintain, and continuously improve accounting procedures, internal controls, segregation of duties, approval workflows, financial documentation standards, and written Business Office procedures.
Ensure the integrity of the general ledger and subsidiary financial records and ensure transactions are recorded accurately, consistently, and in the proper fiscal period and account.
Maintain a regular process for reconciliation of School Department accounts with City financial records, including payroll, accounts payable, revenues, grants, revolving funds, and other material accounts.
Coordinate financial audits and fiscal reviews, including required documentation and responses to audit findings.
Prepare and submit required state and federal financial reports and maintain financial records in accordance with applicable laws, policies, and accounting practices.

3. Accounts Payable, Accounts Receivable, Payroll, and Position Control