Executive Director. Financial Services

POSITION
:
Executive Director of Financial Services

Exempt Status
:
Exempt

No. of Days
: 226 According to district approved calendar

Department
:
Financial Services

Reports To
:
Chief Financial Officer

Supervises
:
As assigned

• Bachelor’s degree in accounting/finance or related field required - Master’s degree in business or education administration preferred.

• CPA license or Texas Association of School Business Officials (TASBO) certification preferred.

• Minimum of five years of management experience (public education or private sector).
• Demonstrated experience supervising finance or accounting teams and managing large-scale budgets.

• Advanced knowledge of school finance, budgeting, accounting systems, and economics.
• Demonstrated leadership skills and the ability to manage a large budget and diverse personnel.
• Expertise in data interpretation, specifically with complex formula calculations and financial applications.
• Strong communication and interpersonal skills to articulate the district’s mission to the community and board.

The Executive Director of Financial Services serves as a key strategic partner to the Chief Financial Officer in directing and managing the operation of all financial and business affairs of the district. This role provides managerial direction to ensure legally sound, cost-effective practices that align with board policy and support the district’s instructional goals. The Executive Director is responsible for maintaining the district's strong financial position through rigorous oversight of investments, cash flow, budgeting, audits and the complex financial structures of 1882 partnership campuses.

• Keep the CFO informed of all business affairs and serve as a technical advisor on the financial condition of the district.
• Work with district personnel to project student enrollment, staffing needs, and capital equipment requirements for long-range financial planning.
• Ensure the integrity of all district accounting records and financial reports in accordance with standards prescribed by the Texas Education Agency (TEA) and the Generally Accepted Accounting Principles (GAAP).
• Prepare and deliver professional written and oral presentations to the Board of Trustees, principals, and community groups as needed.

• Support the CFO as a designee to invest district funds to maximize return while ensuring they are protected and meet cash flow needs.
• Ensure PEIMS data is accurate prior to submission sent to TEA.
• Ensure the district is in compliance with spending requirements, federal drawndowns and spending requirements.
• Compile district, campus, and program budgets; monitor budget variances and oversee necessary adjustments.
• Create a monthly budget forecast based on actuals and projections of revenue and expenses, and keep the CFO updated on suggestions to ensure long-term financial solvency.
• Establish and maintain working procedures with auditors and the bank depository; oversee federal fund applications and audits.
• Ensure that all financial obligations of the school district (accounts payable, notes payable, bonded indebtedness, and payroll) are met on a timely basis.
• Maintain internal control procedures to safeguard assets, ensure reliability of accounting data, and promote operational efficiency.

• Serve as the primary district liaison with each 1882 partnership regarding financial matters.
• Calculate and forecast state and local revenue allocations for all In-District Charters every six-week attendance period and during TEA final settle-ups.
• Summarize and adjust budget allocations for partnerships after every attendance period and communicate these adjustments to partners.
• Provide financial analysis, forecasting, and planning for potential future partnerships through the Call for Quality Schools process.
• Review and analyze SB 1882 Partnership agreements for financial implications and ensure the Chart of Accounts for partners aligns with GAAP and TEA requirements.

• Def…