Chief Financial Officer

Job DescriptionChief Financial Officer
Beta is a Title I School wide campus. I understand that part or all of this job could be funded with federal funds.

Location: Houston, TX

Reports To: Superintendent / CEO
Supervises: Finance Department Staff
Position Overview
The Chief Financial Officer (CFO) serves as the senior financial leader of the organization and is responsible for the strategic financial management, fiscal integrity, regulatory compliance, and long-term financial sustainability of the charter school organization.

The CFO works closely with the Superintendent, Board of Directors, Finance Committee, campus leadership, and external stakeholders to ensure sound financial stewardship of public and private funds.

The CFO oversees all financial operations including accounting, budgeting, financial reporting, grant management, regulatory compliance, debt management, capital project financing, and internal financial controls.

The CFO ensures adherence to all applicable federal, state, and local regulations including:

• Texas Education Agency (TEA) requirements
• Charter FIRST financial accountability standards
• Financial Accountability System Resource Guide (FASRG)
• Governmental Accounting Standards Board (GASB)
• Uniform Grant Guidance (2 CFR Part 200)
• IRS nonprofit reporting requirements

The CFO is responsible for maintaining a Charter FIRST rating of 98 or above and ensuring the organization operates with the highest level of financial transparency, accountability, and fiscal discipline.
Key ResponsibilitiesStrategic Financial Leadership

• Serve as the primary financial strategist for the organization.
• Partner with the Superintendent, Chief Business Officer (CBO) and Board of Directors to develop long-term financial sustainability strategies.
• Develop multi-year financial forecasts and long-range financial plans (3-5 years).
• Provide financial modeling and analysis for strategic initiatives, expansion, enrollment growth, and facilities development.
• Provide financial guidance to school leadership on resource allocation and financial decision making.
• Ensure financial decisions support the academic mission and operational priorities of the school.

Financial Management & Accounting

• Direct all accounting and financial operations of the organization.
• Ensure accurate financial recordkeeping in accordance with GAAP, GASB, and TEA financial accounting standards.
• Oversee general ledger, accounts payable, accounts receivable, payroll, purchasing, and financial reporting.
• Maintain strong internal financial controls to safeguard assets and ensure regulatory compliance.
• Manage organizational banking relationships and cash management practices.
• Oversee reconciliation of financial accounts and maintenance of accurate financial records.
• Ensure proper fund accounting practices for charter school operations.

FASRG Compliance & Financial Reporting Standards

• Ensure all financial operations comply with the Texas Education Agency Financial Accountability System Resource Guide (FASRG).
• Maintain compliance with TEA account codes, financial reporting standards, and fiscal procedures.
• Monitor updates and revisions issued by TEA related to FASRG and implement required updates to financial procedures and accounting practices.
• Ensure accurate financial coding and reporting across all departments and campuses.
• Provide guidance and training to finance staff and school leadership on FASRG requirements.
• Ensure financial systems and reporting structures remain aligned with current TEA financial accountability standards.

Budget Development & Fiscal Oversight

• Lead development of the annual organizational operating budget.
• Develop multi-year financial projections and sustainability models.
• Oversee preparation and monitoring of:
  • Campus budgets
  • Department budgets
  • Athletic program budgets
  • Extracurricular activity budgets
  • Capital improvement budgets
  • Construction project budgets
• Work closely with principals and department leaders to manage monthly budgets.
• Monitor budget performance and provide monthly variance analysis.
• Recommend corrective actions to ensure fiscal discipline and budget compliance.

Enrollment & ADA Revenue Forecasting

• Develop and maintain enrollment-based financial projections using Average Daily Attendance (ADA) revenue models.
• Collaborate with enrollment and academic leadership to forecast student enrollment trends.
• Provide financial projections based on enrollment scenarios and funding formulas.
• Monitor ADA reporting and ensure alignment between student data reporting and financial revenue projections.
• Provide leadership with regular updates on enrollment-driven revenue impacts.

Board Financial Reporting & Leadership Communication

• Prepare and present monthly financial reports to the Board of Directors and Finance Committee, including:
  • Financial statements
  • Budget vs. actual analysis
  • Cash flow reports
  • Debt service reporting
  • Financial forecasts
• Prepare monthly financial reports for campus principals and department leaders.
• Prepare quarterly financial performance reports and forecasts.
• Develop annual…