Chief Financial Officer

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Job Description

Description

The Executive Office for Administration & Finance seeks to hire a Chief Financial Officer (CFO).

A&F oversees the financial and administrative aspects of state government. A&F plays a central role in the development of the administration’s budget proposals and advisory role in the process by which the Legislature and the Office of the Governor agree on the final budget. When budgets are enacted, A&F is responsible for oversight of spending and monitoring of revenues. A&F’s responsibility set includes both operating and capital budgets and monitoring long‑term obligations such as debt and retirement benefits.

In addition to state‑wide budgeting, A&F has direct oversight for a number of agencies and functions. These include: the Department of Revenue (DOR); the Division of Capital Asset Management & Maintenance (DCAMM); the Operating Services Division focused on procurement (OSD), and the Human Resources Division (HRD). In addition, A&F has an administrative and financial oversight relationship with a number of smaller agencies and organizations, such as the Appellate Tax Board, the Division of Administrative Law Appeals, the Group Insurance Commission and others.

The A&F CFO is the senior professional charged with financial oversight and execution for the Executive Office for Administration & Finance, which is an organization of over 180 people organized as the Office of the Secretary, Budgeting and Legal teams, and the A&F Information Technology team.

In addition, the A&F CFO plays a coordination and leadership role for the financial teams in related organizations. In larger organizations such as DOR, DCAMM, and HRD, the partnership is with financial teams and fellow CFOs. In smaller agencies, the A&F CFO function may play an active role in the financial function, where the agency is too small to support a dedicated finance staff.

The CFO oversees an internal finance team including a Business Manager, who executes a number of key functions under the supervision of the CFO. The CFO may also have management oversight for other members of the office team, as needed.

The CFO must possess strong financial acumen, with a demonstrated ability to synthesize and communicate complex financial information verbally and in writing. The CFO must have the ability to operate strategically and practically, to ensure that effective and appropriate policies, procedures, and business processes are established and implemented.

The position reports to the Assistant Secretary for Administration.

Oversees secretariat fiscal planning and:

• Provides leadership in the planning, development and implementation of policy guidance to A&F agency chief financial officers in all fiscal/administrative and personnel related matters. This includes oversight and coordination for all A&F secretariat –wide fiscal/administrative projects.
• Leads the annual budgeting process and ongoing financial oversight for A&F and its member agencies.
• Coordinates the A&F capital agency component of the state’s Capital Investment Plan.

Manages and executes contracting and accounts payable:

• Oversees all accounting activities, assures compliance with state finance law as well as all procurement regulations.
• Manages ongoing communications and compliance with rules and regulations pertaining to oversight departments including the Human Resource Division, Office of the State Comptroller, and the Operational Services Division.
• Oversight of Inter‑agency Service Agreements (ISAs) and standard contracts executed by A&F.
• Ensures that HR‑related transactions (including headcount tracking, job postings, FTE Lyme appointments, and compensation) are in accordance with budgets.

Other duties as needed, including:

• Forecasting costs of A&F’s day‑to‑day operations.
• Direct and ensure the smooth operation of an efficient system of control within areas of responsibility including budget/revenue management, accounts receivable and payable, and financial regulatory…