Chief Financial Officer

Company: State of Indiana
Location: Indianapolis
Posted on: October 20, 2024

Job Description:

Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a diverse range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.At the State of Indiana, we don't just talk about diversity and inclusion-we make it our goal to create a welcoming, accessible, and equitable workplace with a workforce that is representative of Indiana's population. As a proud equal opportunity employer, reasonable accommodations may be available to enable individuals with disabilities to complete the application and interview process as well as perform the essential functions of a role.About the Indiana State Board of Accounts (SBOA):The Indiana State Board of Accounts provides the citizens of the State of Indiana with complete confidence in the integrity and financial accountability of state and local government. We also provide the legislature and other interested parties with accurate and reliable information. For more than 100 years, we have been holding government officials accountable to their constituents for financial reporting by following the Indiana Code when making any types of decisions that relate to taxpayer dollars.Role Overview:The State Board of Accounts (SBOA) Chief Financial Officer will serve as part of its leadership team to drive, develop, and execute the SBOA's strategic financial and budget objectives. The Chief Financial Officer has direct responsibility for the agency's accounting, finance, forecasting, and strategic planning. Oversight program areas include, but are not limited to, procurement, accounts payables, accounts receivable, budget management/forecasting, and accounting. This position performs complex fiscal functions that require preparation, research, justification, analysis, review, accountability, and control.Salary Statement:The salary for this position traditionally starts at $93,002.00 but may be commensurate with education or work experience.A Day in the Life:The essential functions of this role are as follows:

• Provides leadership in the development and continuing evaluation and adjustment of short and long-term strategic financial objectives;
• Oversees the total fiscal management and operation of the agency;
• Serves as a strategic partner with executive management to initiate, analyze, recommend, and implement business solutions in the areas of finance and accounting;
• Ensures credibility of finance team by providing timely and accurate analysis of budgets, financial trends, and forecasts;
• Provides consultation with and direction to staff with regard to operational matters and business practices to ensure financial practices are in compliance with state/federal policies, procedures, and strategic plans;
• Ensures completion and compliance of budget submission, financial analysis, forecasting, and financial reporting;
• Implements and maintains internal financial controls to ensure compliance with Governmental Accounting Standards;
• Analyzes and improves the cost effectiveness of agency operations;
• Monitors and analyzes monthly operating budget and expenditures and develops reporting process for agency divisions.The job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee. Other duties, responsibilities, and activities may change or be assigned at any time.What You'll Need for Success:The ideal candidate in this role should minimally have either:
  • a Master's Degree and 7+ years of experience, or
  • a Bachelor's Degree and 9+ years of experience, or
  • an Associate's Degree and 11+ years of experience, or
  • at least 13+ years of experience applying the below, outlined knowledge, skills, and abilities in a similar role.Related certifications and coursework may be considered for education or experience.
    • Broad knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles;
    • Extensive knowledge of state and federal accounting, budgeting, and applicable laws, policies, and procedures;
    • Strong knowledge and ability to use automated financial and accounting reporting systems, such as PeopleSoft Financials;
    • Ability to formulate sound recommendations and make appropriate decisions with consideration of potential impact on operations;
    • Ability to establish and maintain effective working relationships with all levels of management;
    • Thorough knowledge of grant management and administration;
    • Thorough knowledge of procurement procedures, public administration, and business management;
    • Thorough knowledge of applicable federal and state laws/policies/procedures;
    • Specialized knowledge of state government administrative structures;
    • Specialized knowledge of policies and procedures;
    • Ability to prepare complex reports and graphs;
    • Ability to recognize process problems and to create or modify new procedures;
    • Ability to effectively communicate complex theories and principles to a broad audience both orally and in writing;
    • Ability to analyze expenditures and determine cost effectiveness;
    • Ability to lead, mentor, develop, and manage staff.Supervisory Responsibilities/Direct Reports:This role may provide direct supervision for one or more staff members.Benefits of Employment with the State of Indiana:The State of Indiana offers a comprehensive benefit package for full-time employees which includes:
      • Three (3) medical plan options (including RX coverage) as well as vision and dental plans;
      • Wellness Rewards Program: Complete wellness activities to earn gift card rewards;
      • Health savings account, which includes bi-weekly state contribution;
      • Flexible work scheduling options, including the potential for hybrid remote work for employees whose work may be performed outside state facilities;
      • Deferred compensation 457B account (similar to 401k plan) with employer match;
      • Two (2) fully-funded pension plan options;
      • A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:
        • 150 hours of paid new parent leave;
        • Up to 15 hours of paid community service leave;
        • Combined 180 hours of paid vacation, personal, and sick leave time off;
        • 12 paid holidays, 14 on election years;
        • Education Reimbursement Program;
        • Group life insurance;
        • Employee assistance program that allows for covered behavioral health visits;
        • Qualified employer for the Public Service Loan Forgiveness Program;
        • Free Parking for most positions;
        • Free LinkedIn Learning access.The State of Indiana is an Equal Opportunity Employer and is committed to recruiting, selecting, developing, and promoting employees based on individual ability and job performance. Our policy is to provide equal employment opportunity to all people in all aspects of employer-employee relations without discrimination because of race, color, creed, religion, sex, national origin, ancestry, age, sexual orientation, gender identity, physical or mental disability, or veteran status. We will comply with the spirit as well as the letter of all applicable state and federal laws.If you are a qualified individual with a disability and require reasonable accommodations to complete this application, you can request assistance by contacting the Indiana State Personnel Department at jobs@spd.IN.gov.The State of Indiana has established a culture that welcomes equity, inclusion, and opportunity for all employees and applicants. We encourage you to apply if you feel you have the transferable skills to be successful in this position and we look forward to reviewing your application.
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Keywords: State of Indiana, Lawrence , Chief Financial Officer, Accounting, Auditing , Indianapolis, Indiana