DISTRICT: Director of Business Operations

Work Location:
Glenn Loomis Administration Building

CLASSIFICATION:
Non-Affiliated Administrator (AN) Status:
Full-Year, Full-Time (Salary, Exempt)

Contract:
Non-Affiliated - Contract Addendum A

Reports to:
Assistant Superintendent of Finance and Operations

Longevity, degree, and technology stipend available consistent with Non-Affiliated Contract Addendum A

Non-Affiliated Administrator Health Insurance Benefits

The Director of Business Operations has primary responsibility for overseeing and managing the district’s entire financial infrastructure, ensuring accurate reporting, budgeting, and debt compliance. This position is responsible for financial technology & data management including reporting, budgeting, and compliance. The Director of Business Operations reports directly to the Assistant Superintendent of Finance and Operations.

This role focuses on the core tools of district finance:

• Maintain Systems: Develop and maintain all district finance and accounting software, applications, and databases.
• Analyze Data: Conduc t data mining and analysis t o support financial insights.

The Director is the primary source for financial reports and budget control:

• Financial Reporting: Create all required financial and accounting reports.
• Oversees a variety of district funds and accounts, including but not limited to capital projects, debt retirement, long-term debt, fixed assets, etc.
• Shared responsibility for cash flow and investment activities, including selection of appropriate investment instruments, maturities, banking and investment services, meeting liquidity needs, and borrowing activities.
• Supervises payroll operations, including compliance with Board policy and federal regulations.
• Budget Oversight: Prepare, analyze, and monitor the district’s budget.
• Budget preparation, documentation, implementation, and audits (internal and external).
• Audit Management: Prepare and analyze the district's audit reports.
• Supervises year-end closing and audit processes relating to fixed assets, capital projects, debt service and other areas of responsibility.
• Capital Planning: Responsible for bonding and refunding activities, including preparation of all documentation and communications to legal authorities, rating agencies, and investors.
• Assists in recommendations for millage elections, including amount, timing, and providing information to the public.
• Responsible for overseeing all capital project activities, including the selection of professional services, assisting in monitoring approved building projects, and accounting for all financial activity.
• Work closely with Capital Planning and Purchasing to monitor purchase orders and accounts payable related to construction and operations activities.
• Compliance:
  • Ensure all transactions are properly recorded according to Generally Accepted Accounting Principles (GAAP).
  • Continuing Disclosure Compliance:
    This is a critical, ongoing requirement for municipal bond issuers.
  • Debt Compliance Officer:
    The officer ensures reports are filed on time and through the proper regulatory channels (Municipal Securities Rule making Board's EMMA system).
  • Tax Compliance (Arbitrage):
    This relates to the ongoing use of tax-exempt bond proceeds.
  • Covenants Compliance:
    These are promises made to bondholders spelled out in the legal documents ( Trust Indenture or Bond Resolution).
  • Use of Proceeds Compliance:
    Bond proceeds must only be spent on the projects and purposes explicitly stated in the official bond documents (the Official Statement).
• Provides staff training related to the district’s employee and finance information system and other related databases and software.
• Performs other duties as assigned.

• Bachelor’s degree in accounting or equivalent required. Master's degree in business, finance, or related field or Certified Public Accountant designation preferred.
• Experience in accounting, budgeting, data processing, word processing, spreadsheets, microcomputers, and other office skills required.
• Working knowledge of the Michigan School Accounting Manual and school district policies.
• Analytical and organizational…