Los Angeles Community College District

Vice Chancellor/Chief Financial Officer (#1010)

$92.45-$114.52 hourly / $16,023.50-$19,850.31 monthly / $192,282.00-$238,203.72 annual


Special Note

This position is designated as a Senior Administrative Position (see Help Topics on Welcome Page for additional details).

Definition

Serves as the executive head over financial and business management operations of the District including directing the development and implementation of strategies, policies, programs, models, controls, and standards to insure the financial integrity and sound business performance of the colleges and support of the overall operational and strategic missions of the District.

Typical Duties

Develops an overall financial plan an business services plan for the District and provides high-level financial analysis consistent with the District’s vision and long-range plans.

Acts as the District’s top finance and business expert by recommending management decisions related to long and short-range financial and business management objectives, plans, policies, and actions.

Directs the analysis of financial, budget, accounting, risk management, and procurement reports and activities to measure current and forecast future performance levels, deficiencies and requirements which may affect the ability of the District to meet financial, regulatory and operational performance standards and goals.

Develops projections of revenue and expenditures, and constructing alternative financial models for use in financial planning.

Participates in the development of performance measures designed to provide timely communication to operating departments regarding their financial performance and achievement of financial and business management goals and objectives.

Provides technical advice and assistance to executives of the District on complex problems related to financial planning, general and special funds accounting, payroll, student financial aid management, investment activities and internal controls, procurement, and risk management.

Develops and/or reviews proposals for new or revised legislation, funding mechanisms, regulations, and controls affecting financial and business activities of the District.

Represents the District’s financial position and business interests before federal, state and local legislative and administrative bodies, with the financial community at large, and other educational institutions.

Plans, develops, directs, evaluates and controls the District’s treasury operations which include cash management, investment management, risk management and tax management.

Analyzes projects and implementing cash management strategies based upon projected income.

Conducts studies of cash on hand and cash flow requirements to determine investment schedules.

Manages the District’s investment portfolio.

Analyzes and monitors the market status of current and proposed investments.

Represents the District in securing investment bonds from underwriters.

Ensures availability of funds for debt service payments and proper accounting for bond funds.

Oversees maintenance of accounting records of investments, including forecasting and apportioning investment income.

Advises College Presidents on the appropriate investment of local funds.

Recommends internal control policies, guidelines, and procedures for business, financial and general operational activities of the District.

Represents the District with external auditors and representatives of financial and regulatory institutions and agencies.

Serves as a member of the Chancellor’s executive cabinet; advised the Chancellor and other District executives on a wide range of finance and business administration matters that impact District and college planning and operations.

Explores, assesses the feasibility, and implements information systems technology to support the business and financial management of the District.

Integrates operations and drives collaboration among District and college operational units engaged in business and financial management activities.

Directs the selection, training, and supervision of assigned unit personnel to ensure proficient performance and a productive environment.

Directs and/or prepares correspondence, reports, and presentations related to assigned areas.

Performs related duties as assigned.

Distinguishing Characteristics

A Vice Chancellor/Chief Financial Officer is the executive head over the District's financial and business management operations which include treasury, general and special funds accounting, budget, payroll, tax, risk management, procurement, and related activities. The Incumbent in this class is also responsible for directing the establishment of financial and accounting system controls and standards and ensuring timely financial and statistical information for management and/or Board use.

A Director of Budget and Management Analysis is responsible for planning, developing, implementing, managing and evaluating the District’s budget and financial resources.

A Director of Accounting plans, organizes, coordinates, evaluates, and directs the District’s general and special funds accounting, payroll, and related operations.

Supervision

General direction is received from the Chancellor. General supervision is exercised over management, professional, and supervisory staff assigned to the functional areas of responsibility.

Class Qualifications

Knowledge of:

Principles, theories and concepts of financial management

Principles, methods, and techniques of budgeting

Principles, methods, techniques of accounting and cost accounting with an emphasis on governmental accounting

Principles, theories and concepts of fund management, investment, and debt administration

Principles and practices of banking institutions and financial markets

Principles and practices of governmental procurement and contracting

Principles, concepts, and practices of risk management

Principles, concepts, and practices related to business insurance

Research, statistical, and forecasting methods used in financial analysis and management

Sources and bases of funding for post-secondary educational institutions and programs in the State of California

Federal, state and local laws, ordinances, codes, and regulations related to financial management of a community college

State legislative processes and procedures

Capabilities of computer systems and applications applicable to assigned areas of responsibilities

Organization, functions, and inter-relationships of operating units and programs of the District

Principles and practices of organization and management

Principles and practices of business and public administration

Principles of supervision and training

Ability to:

Formulate a clear organizational vision and appropriate operational goals and objectives for the management of fiscal programs and assigned business functions

Direct the financial planning, investment, and assigned business services activities of the District in a manner that is data and principle driven, manages risk and insurance compliance

Formulate long and short-range financial plans

Support business needs and innovation in a diverse array of financial and business programs and activities through the use of information technology systems

Successfully navigate and thrive in a multi-institution context through persuasion, consensus, and effective communication

Develop and implement operating policies and procedures for assigned functional areas to ensure institutional effectiveness and compliance with performance standards and goals

Recognize critical elements of problems, develop and evaluate data, determine solutions, and make logical recommendations

Interpret and apply laws, rules, regulations, and policies related to financial planning and internal audit operations

Anticipate conditions, plan ahead, establish priorities, and meet schedules

Act independently and promptly to situations and events

Integrate technology into business decisions and operations

Effectively utilize computer systems and software in the performance of duties

Prepare effective written communications, reports, and presentations

Maintain high levels of professional integrity, judgement, and commitment

Foster trust and confidence; earn support from internal and external constituencies

Effectively communicate highly technical information concisely and in understandable terms

Evaluate program operations and personnel

Stimulate teamwork and promote cohesiveness to achieve branch and District goals

Establish and maintain effective relationships with District personnel and representatives of government agencies and various private organizations

Travel to offsite meetings and events

Entrance Qualifications

Education and Experience:

A bachelor's degree from a recognized university preferably with a major in finance, accounting, business administration, economic, public administration, or a closely related field. An advanced degree in a related field is desirable.

AND

Ten years of recent, full-time, paid, professional-level experience in a senior management position with responsibility for corporate/entity-wide financial operations of an organization employing 500 or more employees. Qualifying experience must have also included experience with risk management and procurement as well as the supervision of professional-level staff. Experience with a public educational institution is highly desirable.

Special:

A valid Class "C" California driver's license must be obtained within 10 days of obtaining residency in the State of California.

Travel to locations throughout the District is required.

Must meet the requirements for bonding

Reasonable Accommodations

Our class specification generally describes the duties, responsibilities, and requirements characteristic of the position(s) within this job class. The duties, responsibilities, and requirements of a particular position within this class may vary from the duties of other positions within the class.

In accordance with the Americans with Disabilities Act (ADA), the Los Angeles Community College District provides reasonable accommodation to qualified individuals with covered disabilities on a case-by-case basis throughout the application, examination, and hiring processes and throughout employment. If an individual is in doubt about his or her ability to perform the duties and responsibilities of a position or possession of any other requirement noted in a class specification or job announcement, he or she should always apply for a position and request reasonable accommodation at the appropriate time.

 


CLASS: 1010; EST: ; REV: 8/25/2021;