Chief Financial Officer
Job Description
The Executive Office of Labor and Workforce Development (EOLWD) is seeking an experienced finance leader to join the senior leadership of the Secretariat as Chief Financial Officer (CFO). Primarily focused on maintaining the budgets and all external and internal financial reporting requirements for EOLWD and its nine reporting departments and divisions, a strong CFO candidate will have experience in finance and administrative management in government and ready to manage a growing team.
The CFO provides procedural, policy, and administrative direction for Budget and Federal Grants Management, Contracts and Procurement, Accounts Payable, Financial Reporting, Treasury Operations, Accounting, and Finance Systems. The CFO will work to ensure compliance with federal and state requirements while using accepted financial practices to remain within limits of projected expenditures that are involved in budget preparation and maintenance. The CFO will monitor the Secretariat trust funds. The CFO must direct, approve, and monitor contractual and procurement activities for EOLWD and its reporting departments and divisions, ensuring they work within pre-described policy and procedures in these areas. The CFO also works with Internal Control and Internal Audit to assess and recommend accounting controls, reconcile discrepancies, prepare reports, and resolve procedural problems.
The Finance Department operates in a hybrid work environment which allows employees to work from home and in the office as needed or required based on job duties. The CFO can work in a similar hybrid manner at their discretion and is expected to attend certain in person meetings when scheduled.
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Preferred Qualifications:
Eight to ten (8-10) years of full-time professional/managerial experience of which the major duties included financial oversight and fiscal management; experience in government is preferred.
Familiarity with the principles and practice of financial management, including financial analysis, budgeting, procurement, federal grants, and forecasting.
Experience with the Commonwealth's budget planning process, Office of the Comptroller regulations, and financial systems (i.e. Massachusetts Management Accounting and Reporting System).
Ability to accomplish finance and related department objectives where few precedents or guidelines are available.
Ability to work effectively with senior, federal, state, local managers.
Ability to manage a team of direct and/or indirect senior-level administrators; ability to motivate staff who must produce quality work in short time frames.
Skilled in exercising a high degree of initiative, judgement, discretion, and decision making to achieve objectives; critical thinking skills to identify alternative solutions.
Ability to work accurately with multiple priorities within defined time frames.
Ability to communicate effective in writing and in oral expression.
Proficient usage of Microsoft Office products including Word, Excel, and Outlook.
Strongly prefer candidates with a CPA or CFA credential.
Qualifications
MINIMUM ENTRANCE REQUIREMENTS:
Applicants must have at least (A) seven (7) years of full-time or, equivalent part-time, professional, administrative, supervisory, or managerial experience in financial management work (i.e. budgeting, accounting, auditing, management analysis, program evaluation, financial reporting of program results), of which (B) at least three (3) years must have been in a managerial capacity.
Comprehensive Benefits
When you embark on a career with the Commonwealth, you are offered an outstanding suite of employee benefits that add to the overall value of your compensation package. We take pride in providing a work experience that supports you, your loved ones, and your future.
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An Equal Opportunity / Affirmative Action Employer. Females, minorities, veterans, and persons with disabilities are strongly encouraged to apply.
The Commonwealth is an Equal Opportunity Employer and does not discriminate on the basis of race, religion, color, sex, gender identity or expression, sexual orientation, age, disability, national origin, veteran status, or any other basis covered by appropriate law. Research suggests that qualified women, Black, Indigenous, and Persons of Color (BIPOC) may self-select out of opportunities if they don't meet 100% of the job requirements. We encourage individuals who believe they have the skills necessary to thrive to apply for this role.
Perks and Benefits
Health and Wellness
- Health Insurance
- Health Reimbursement Account
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- FSA
- HSA
- Mental Health Benefits
Parental Benefits
- Adoption Assistance Program
- Family Support Resources
Work Flexibility
- Flexible Work Hours
- Hybrid Work Opportunities
Office Life and Perks
- Commuter Benefits Program
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Personal/Sick Days
- Volunteer Time Off
Financial and Retirement
- Pension
- Financial Counseling
Professional Development
- Promote From Within
- Mentor Program
- Access to Online Courses
- Lunch and Learns
- Internship Program
- Leadership Training Program
- Associate or Rotational Training Program
Diversity and Inclusion
- Diversity, Equity, and Inclusion Program