Chief Financial Officer
PROGRAM MANAGER SENIOR IV
Recruitment #24-005485-0008
Department | Department of Human Services |
---|---|
Date Opened | 3/4/2024 2:00:00 PM |
Filing Deadline | 5/3/2024 11:59:00 PM |
Salary | $108,986.00 - $142,114.00/year with the potential growth $183,036.00/year |
Employment Type |
Full-Time
|
HR Analyst | Stacey Nelson |
Work Location |
Baltimore City
|
Introduction
When you join the Maryland Department of Human Services (DHS), you join a team of more than 5,000 employees across the state dedicated to positively changing the lives of more than 1 million Marylanders each year. We aim to deliver services so that we more quickly meet the needs of the people we serve. At DHS, we grapple with hard questions to find new ways to foster a culture of bold innovation. We do this to ensure that in Maryland, we leave no one behind.
DHS is seeking a fiscal leader with experience driving change and implementing a new vision for the management of Budget & Finance functions throughout the Department. This visionary leader will be responsible for recommending and applying best practices to ensure that the Department’s fiscal operations are efficient, effective and transparent.
The Chief Financial Officer (CFO) works with senior managers to efficiently develop budget proposals, provide access to project finance information, and ensure contract/grant compliance and reporting. This includes management and/or oversight of the Department of Human Services (DHS) financial budget for all 24 local departments of social services and program administration. Providing direction and strategic planning guidance for the preparation and monitoring of the Departments' budget of over $4 billion.
Join the Mission to Transform Lives! Chief Financial Officer Needed!
GRADE
LOCATION OF POSITION
Main Purpose of Job
The Chief Financial Officer (CFO) works closely with the DHS Secretary and other members of the executive leadership to establish fiscal policy, procedures and goals that are consistent with the mission and values of the Department, and generally accepted accounting principles. The CFO will have a day-to-day, ongoing impact on Departmental operations, helping to analyze, strategize, and grow our financial position. This seasoned strategist not only will understand current accounting practices and trends, but also will have experience adapting to and leading change. The CFO will be comfortable driving data based financial decision making and will be versed in fiscal risk assessment and regulatory compliance. As a member of senior management, the CFO will be comfortable in a leadership role that requires clear and effective communication skills.
The responsibilities of the CFO includes overseeing and coordinating all departmental functions related to the preparation, negotiation and defense of the Department's annual operating budget, of more than $4 billion, monitoring and execution of that budget, oversight of the payroll for nearly 6000 permanent and contractual employees, general accounting, procurement, the disbursement of $2.0 billion in federal funds and accurate annual fiscal close- outs.
Day-to- day responsibilities include management and oversight of the Office of Budget & Finance, including the Budget & Management Division, Accounting Operations, Cost Allocation Revenue Management, Financial Management Information Systems (FMIS), and fiscal operations for all 24 Local Departments of Social Services (inclusive of 4 large metro offices) and eight (8) headquarter Administrations.
This position is essential for the Department to succeed in fulfilling its mission of aggressively pursuing opportunities to assist people in economic need, increase prevention efforts and protect vulnerable children and adults. Sound fiscal leadership translates into structuring a budget to achieve our mission, satisfy the Governor's vision for this Department and gain legislative approval of the Governor's Annual Operating Budget Request. Equally important is managing our fiscal resources to achieve measurable outcomes.
This is a Management Service position that serves at the pleasure of the Appointing Authority.
POSITION DUTIES
Budget Management:
- Directs and manages the people and processes that provide strategic controls, management and direction for the Department's fiscal matters.
- issuance of budget instructions for the Department of Human Services (DHS).
- Supervises the development, presentation and execution of the Department's budget.
- Oversees the evaluation of budget requests, conducting formal reviews and providing recommendations to the Secretary of DHS.
- Works with the Secretary on budget negotiations with the Department of Budget and Management.
- Oversees the operation of a Departmental cost accounting system which merges all fiscal and accounting activities of the constituent agencies into a composite system which maintains the integrity of accounts, and state and federal reporting requirements.
- Manages the preparation and submission of requests for federal funds in a timely manner to ensure proper optimization of cash flow for the State of Maryland Approve Federal grant requests.
- Oversees all fiscal reporting activities for the Department including State and Federal expenditures, GAAP/GAAS financial year-end closing and cash management reports for all constituent agencies and 24 local departments.
- Oversees the various fiscal projects and studies assigned by the Office of the Secretary and the Deputy Secretaries for Operations and Programs.
- Reviews and provides feedback official responses to Legislative, Federal and privately conducted audit reports that involve fiscal issues or impacts.
- Provides policy recommendations regarding Federal and legislative audit findings and identifies and implements corrective actions to be taken.
- Ensures that resolution of federal audits are in compliance with State fiscal requirements.
- Integrates the organizational values developed during the Management Training. Program into the day-to-day operations and operating philosophy of the Office of Budget and Finance.
- Recruits, train and evaluate the performance of Budget and Finance Personnel.
- Optimize utilization and development of staff.
MINIMUM QUALIFICATIONS
DESIRED OR PREFERRED QUALIFICATIONS
- A Master’s or other Graduate Degree from an accredited college or university in finance, accounting or a related field.
- CPA designation preferred.
- Five year’s experience with establishing fiscal policy, procedures and goals.
- Experience with current financial and accounting computer applications.
- Excellent verbal, analytical, organizational and written skills.
- Five years experience in developing budgets and financial plans.
- Strong leadership skills with the ability to inspire and motivate teams.
- Knowledge of regulatory standards and compliance requirements.
- Five years experience with budget oversight.
- Five years experience managing financial operations, including accounts payable/receivable, budget, payroll and auditing.
SELECTION PROCESS
BENEFITS
As an employee of the State of Maryland, you will have access to outstanding benefits, including: health insurance, dental, and vision plans offered at a low cost. CLICK ON THIS LINK FOR MORE DETAILS: STATE OF MARYLAND BENEFITS
· Personal Leave - new State employees are awarded six (6) personnel days annually (prorated based on start date).
· Annual Leave - ten (10) days of accumulated annual leave per year.
· Sick Leave - fifteen (15) days of accumulated sick leave per year.
· Parental Leave - up to sixty (60) days of paid parental leave upon the birth or adoption of a child.
· Holidays - State employees also celebrate at least twelve (12) holidays per year.
· Pension - State employees earn credit towards a retirement pension.
· Positions may be eligible for telework.
FURTHER INSTRUCTIONS
Click on a link below to apply for this position:
Fill out the Application NOW using the Internet. | Apply Online |
Apply via Paper Application. | You may also download and complete the Paper Application here. |