Chief Financial Officer ((Fiscal Services Administrator VI))

$102,426 - $165,372/Yr

State of Maryland - Baltimore, MD

Full-time - Senior

Baltimore, MD

Executive, Legislative, and Other General Government Support

About the position

The Maryland State Retirement Agency is seeking a Chief Financial Officer (CFO) to join its leadership team. This senior-level position is responsible for overseeing all accounting, budgeting, and procurement functions within the Agency. The CFO will report directly to the Executive Director and will play a crucial role in ensuring the financial integrity and operational efficiency of the Maryland State Retirement and Pension System, which serves approximately 245,000 active members and over 160,000 retirees and beneficiaries. The CFO will provide strategic leadership and guidance, ensuring that the Agency adheres to all relevant laws, rules, and regulations governing financial operations. In this role, the CFO will be tasked with implementing internal controls and procedures to maintain compliance and accountability for the Agency's assets. The position requires a proactive approach to financial management, including the timely and accurate collection and recordation of revenues and obligations. The CFO will also serve as an advisor to the Executive Director and senior management, contributing to policy development and strategic decision-making. This includes researching and recommending policies for review by the Executive Leadership Team and the Board of Trustees. The CFO will be responsible for reviewing and analyzing new accounting standards and their potential impact on the Agency. Additionally, the role involves performing special projects as directed by the Executive Director, which may include legislative analysis, actuarial funding alternatives, and participation in statewide policy committees. The ideal candidate will possess strong leadership skills, a deep understanding of financial services, and the ability to communicate effectively with various stakeholders.

Responsibilities

• Provide leadership, administration, direction, and guidance for all accounting, budgeting, and procurement functions of the Agency.
• Serve in an advisory capacity to the Executive Director and senior Agency management staff.
• Research, develop, and recommend policy for review by the Executive Leadership Team for subsequent approval by the Executive Director and the Board of Trustees.
• Implement procedures and internal controls to ensure compliance with laws, rules, and regulations as they relate to budget, finance, and human resources.
• Ensure proper internal controls over and accountability for Agency assets; timely, accurate collection and recordation of SRA revenues; and timely, accurate discharge and recordation of SRA obligations.
• Review, analyze, and submit recommendations for improvement of new accounting standards under review by national accounting standards setting organizations.
• Perform special projects and other duties as assigned by the Executive Director.

Requirements

• A bachelor's degree in business from an accredited college or university.
• Minimum of 10 years of experience in financial accounting.
• At least 6 years of leadership experience.
• Experience as a Chief Financial Officer with supervisory responsibilities is preferred.

Nice-to-haves

• Strong leadership skills;
• Exposure to pensions and/or financial services;
• General ledger accounting experience;
• Procurement experience;
• Proficiency in Microsoft Office programs, including Word, Excel, and PowerPoint.
• Excellent interpersonal, oral, and written communication skills;
• Strong listening skills.

Benefits

• State of Maryland benefits including health insurance, retirement plans, and paid leave.