Chief Financial Officer

$95,000 - $115,000/Yr

West Virginia Network For Educational Telecomputing - Morgantown, WV

Full-time - Executive

Morgantown, WV

About the position

The Chief Financial Officer (CFO) at WVNET is a strategic leadership role responsible for overseeing financial operations, driving growth, and optimizing efficiency within the organization. The CFO will manage fiscal budgets, financial planning, reporting, and internal controls while analyzing the financial position of the organization. This role is crucial for ensuring financial stability and growth through effective budget development and monitoring.

Responsibilities

• Oversee accounts payable, accounts receivable, contracts, cash management, and purchasing.
• Prepare, revise, review, and monitor the WVNET operating budget.
• Prepare and submit the fiscal budget and State Appropriation Request and Expenditure Schedule to the West Virginia Department of Revenue and the West Virginia State Budget Office.
• Oversee the preparation and submission of the annual WVNET audited financial statements and reports.
• Manage the operation of two separate financial systems: wvOASIS and Banner.
• Advise the Executive Director on critical budget and spending issues and prepare ad hoc reports as needed.
• Review financial progress and make necessary close outs and modifications, including adjustments in expenditure and revenue areas.
• Create, develop and maintain a chart of accounts to support current operations and future service expansions.
• Review and respond to auditors' annual financial statement audit in coordination with the WV Higher Education Policy Commission (WVHEPC).
• Supervise the submission of reports required by the Board of Risk and Insurance Management and other agencies.
• Direct grant financial management and reporting process according to state and federal requirements.
• Develop budget forecasts for various scenarios to assist in decision-making.
• Participate in high-level decision-making to emphasize budgetary impacts.
• Assist the Executive Director with questions posed by the WVHEPC financial working sessions.
• Develop the annual budget proposal for submission to the Higher Education Policy Commission, for the Executive Director's approval.
• Supervise payroll, purchasing, accounts payable, and accounts receivable functions.
• Participate in contract negotiations for major purchases as needed.
• Serve as the principal contact on financial issues with various state offices and agencies.
• Participate in creating, modifying, and reviewing policies, procedures, projects, proposals, and documents related to fiscal management and expenditures.
• Lead short- and long-range financial planning activities.
• Oversee and manage personnel within the Business Office department.

Requirements

• Bachelor's degree in Accounting, Finance, or Business Administration.
• Five (5) years of experience in Accounting, Business Administration, Higher Education Administration, or Management with a focus on organizational leadership and budget oversight.

Nice-to-haves

• Certified Public Accountant (CPA)
• Ellucian Banner experience
• wvOASIS experience

Benefits

• Health insurance
• Dental insurance
• Vision insurance
• Hearing insurance
• Health Savings Accounts / Flexible Spending Accounts
• Retirement investing
• Life insurance plans
• Short-term disability insurance
• Long-term disability insurance
• Generous amounts of vacation
• Sick leave
• State & federal holidays
• Professional development opportunities