Let’s get started
By clicking ‘Next’, I agree to the Terms of Service
and Privacy Policy
Jobs / Job page
Chief Financial Officer - Agency Chief Financial Officer image - Rise Careers
Job details

Chief Financial Officer - Agency Chief Financial Officer

Working Title: Chief Financial OfficerJob Class: Agency Chief Financial OfficerAgency: Department of Employment and Economic Development• Job ID : 81270• Location : Statewide• Telework Eligible : Yes, may be eligible to telework up to five (5) days per week• Full/Part Time : Full-Time• Regular/Temporary : Unlimited• Who May Apply : Open to all qualified job seekers• Date Posted : 11/26/2024• Closing Date : 01/03/2025• Hiring Agency/Seniority Unit : Employment & Economic Development Department -Managerial• Division/Unit : CO Commissioners Office X• Work Shift/Work Hours : Day Shift• Days of Work : Monday - Friday• Travel Required : No• Salary Range: $51.96 - $74.54 / hourly; $108,492 - $155,639 / annually• Classified Status : Classified• Bargaining Unit/Union : 220 - Manager/Unrepresented• FLSA Status : Exempt - Executive• Designated in Connect 700 Program for Applicants with Disabilities (https://mn.gov/mmb/careers/diverse-workforce/people-with-disabilities/connect700/) : YesThe work you'll do is more than just a job.At the State of Minnesota, employees play a critical role in developing policies, providing essential services, and working to improve the well-being and quality of life for all Minnesotans. The State of Minnesota is committed to equity and inclusion, and invests in employees by providing benefits, support resources, and training and development opportunities.The Department of Employment and Economic Development (DEED) is seeking a highly motivated and strategic leader to serve as the Agency Chief Financial Officer and director of the Administrative and Financial Services Division. This position provides management direction and oversight of all aspects of agency financial, accounting, budget management, and planning activities including development of fiscal, monetary, and financial policies and procedures.The incumbent has oversight of the agency’s complex procurement, contract and grants management activities, Internal Audit and Analytics services, and associated evaluation, compliance, monitoring, and analysis. The incumbent also oversees DEED’s administrative services. The incumbent provides strategic leadership and guidance to the Commissioner, Deputy Commissioners, and Division Directors on fiscal and budgetary policies and issues.Responsibilities include:• Plan and direct the development and implementation of financial policies, procedures, and controls so that financial and accounting functions along with budget are consistent with state statutes and federal regulations, departmental and programmatic requirements, guidelines, goals and objectives, and accurately reflect the financial status and condition of the department.• Provide overall leadership to the Administrative and Financial Services (AFS) department to ensure DEED objectives are executed efficiently and effectively and consistent with state and federal laws and policies.• Analyze the impact of executive decisions on department financial policies and operations and provide direction for monitoring and evaluating department performance to ensure that resource allocation decisions are optimized and consistent with department goals and objectives.• Direct the preparation of special financial reports to analyze and evaluate program activities for fiscal compliance including the examination of key business processes and policies, facilitating timely decision-making, or in response to inquiries by state or federal agencies.This position is telework (https://mn.gov/mmb-stat/policies/1422-telework.pdf) eligible and is occasionally required to be on-site at the office in St. Paul. Staff are provided with the tools and equipment to be successful in a virtual work environment and may telework from anywhere in Minnesota or a neighboring state. Please note, the telework policy could change with notice based on business needs.Minimum QualificationsPlease ensure that your resume clearly describes your experience in the areas listed and indicates the beginning and ending month and year for each job held. Only applicants whose resumes clearly demonstrate fulfillment of each of these minimum qualifications will be considered for this position.Five (5) years of leadership/management experience in mid to large size accounting or financial management operations within the last ten (10) years that includes development of finance policy, complex budgets and funding strategies, and application of accounting, budgeting, contracts/grants, and procurement processes.• A bachelor’s degree in accounting, finance, business management, public administration or policy, economics or other closely related field as determined by the agency may substitute for one (1) year of experience; a master’s degree may substitute for eighteen (18) months; a PhD may substitute for twenty-four (24) months of experience.Applicants that meet the above minimum qualification will be further evaluated on the following:• Experience using large, complex Enterprise Resource Planning (ERP) systems such as Oracle, Peoplesoft, IBM, Hyperion, CGI in similar size and scope to the state that includes large scale accounting, procurement, payroll, and/or human resources systems.• Knowledge of Generally Accepted Accounting Principles (GAAP) and practices, Government Accounting Standards Board (GASB) and Generally Accepted Government Auditing Standards (GAGAS) pronouncements and practices for government, and/or interpreting and applying legislation, state statues, federal laws and regulations.• Knowledge of State and federal budgetary and legislative processes.• Skill in analysis of policies, procedures, and documentation of internal controls, division of duties, risk assessments and mitigating controls to ensure compliance with federal and state laws, statutes, administrative rules, or relevant statewide and department policies.• Communication skills sufficient to effectively interact, build partnerships and communicate complex information to a varied audience demonstrating command of engagement and effectively collaborating with diverse perspectives, cultures, identities, and professional approaches to business and leadership.• Human relation skills to foster and maintain trust, cooperation, transparency and integrity in the conduct and implementation of processes, projects, coaching, mentoring, and advising on performance management.Preferred Qualifications• Bachelor’s or advanced degree in accounting, finance, business management, public administration or policy, economics or other closely related field of study, as determined by the agency.• Experience in Statewide enterprise systems such as Statewide Integrated Financial Tools (SWIFT), Statewide Employee Management (SEMA4), Budget Planning and Analysis System (BPAS), Capital Budget System (CBS), Fiscal Note Tracking System (FNTS), Appropriation Management Application (AMA), Enterprise Learning Management (ELM), Information Access Warehouse (IA), and/or other reporting tools.• Experience in leading change and management skills to effectively lead including strategic planning, managing workload, performance management, team building, collaborative relationships, change management, process improvement, conflict management, negotiation, problem identification and resolution activities toward a positive outcome.• Knowledge of DEED’s organizational structure, mission, federal and state-funded programs, and Minnesota Management and Budget (MMB) and DEED policies and procedures.• Skill in advanced features of Excel such as pivot tables, formula/functions such as v-look-up, sum-if, or other conditional formatting.• Our employees are dedicated to ensuring cultural responsiveness. Preferred candidates will have a variety of experiences working effectively with others from different backgrounds and cultures.Additional RequirementsA job offer will be contingent upon successfully passing a background check. The background check may consist of the following components:• Criminal Background Check• Employment Record Review (current and former State employees only)• Employment Reference Check• Conflict of Interest Review• Driver’s Record CheckThe Minnesota Department of Employment and Economic Development will not sponsor applicants for work visas. All applicants must be legally authorized to work in the U.S.AN EQUAL OPPORTUNITY EMPLOYERMinnesota State Colleges and Universities is an Equal Opportunity employer/educator committed to the principles of diversity. We prohibit discrimination against qualified individuals based on their race, sex, color, creed, religion, age, national origin, disability, protected veteran status, marital status, status with regard to public assistance, sexual orientation, gender identity, gender expression, or membership in a local commission as defined by law. As an affirmative action employer, we actively seek and encourage applications from women, minorities, persons with disabilities, and individuals with protected veteran status.Reasonable accommodations will be made to all qualified applicants with disabilities. If you are an individual with a disability who needs assistance or cannot access the online job application system, please contact the job information line at 651-259-3637 or email careers@state.mn.us . Please indicate what assistance is needed.

Average salary estimate

Estimate provided by employer
$190000 / ANNUAL (est.)
min
max
$180K
$200K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Chief Financial Officer - Agency Chief Financial Officer, State of Minnesota

If you're looking for a pivotal leadership role in financial management, the State of Minnesota has an exciting opportunity for you as Chief Financial Officer at the Department of Employment and Economic Development. In this full-time position located in Hibbing, MN, you'll be at the helm of the Administrative and Financial Services Division, directly influencing the financial policies and direction of the agency. Your expertise will be crucial as you manage accounting, budget management, and strategic planning activities that reflect the unique needs and requirements of our state agency. Teleworking up to five days a week means you can enjoy a flexible schedule while still making a significant impact in your role. With oversight of complex procurement processes and internal auditing services, the role requires a seasoned professional who can guide the Commissioner and other leaders on financial policies. Your responsibilities will encompass developing fiscal strategies and ensuring compliance with state and federal regulations, all while fostering an inclusive workplace. The position offers a competitive salary range of $108,492 to $155,639 annually, plus ample benefits and professional development opportunities. If you thrive in a dynamic environment and are seeking to create meaningful change in public service, this Chief Financial Officer position is a chance to lead with purpose and passion. Join us in enhancing the well-being of all Minnesotans!

Frequently Asked Questions (FAQs) for Chief Financial Officer - Agency Chief Financial Officer Role at State of Minnesota
What are the responsibilities of a Chief Financial Officer at the Department of Employment and Economic Development?

As the Chief Financial Officer at the Department of Employment and Economic Development, your primary responsibilities include developing and implementing financial policies and controls, overseeing budget management and accounting functions while ensuring compliance with state statutes and federal regulations. You will provide strategic leadership and guidance to various agency leaders on fiscal and budgetary matters, and direct special financial reports for evaluating program activities.

Join Rise to see the full answer
What qualifications are essential for the Chief Financial Officer position at DEED?

To qualify for the Chief Financial Officer position at DEED, you need at least five years of leadership experience in accounting or financial management operations, along with a bachelor's degree in accounting, finance, business management, or a related field. Advanced degrees can substitute for certain years of experience, and familiarity with large ERP systems is also advantageous.

Join Rise to see the full answer
Is the Chief Financial Officer role at DEED eligible for telework?

Yes, the Chief Financial Officer role at the Department of Employment and Economic Development allows for teleworking up to five days per week. However, some on-site presence may be required occasionally to collaborate with team members and engage in key meetings.

Join Rise to see the full answer
What skills are necessary for the Chief Financial Officer at the Department of Employment and Economic Development?

Key skills for the Chief Financial Officer position at DEED include proficiency in financial analysis, excellent communication abilities, knowledge of GAAP, and a strong grasp of budgetary processes. Experience in leading change and managing teams effectively is also vital for promoting a successful work environment.

Join Rise to see the full answer
What salary can I expect as the Chief Financial Officer at DEED?

The salary for the Chief Financial Officer position at the Department of Employment and Economic Development ranges from $108,492 to $155,639 annually, depending on qualifications and experience. In addition to salary, the position also offers a wide array of benefits and opportunities for professional development.

Join Rise to see the full answer
Common Interview Questions for Chief Financial Officer - Agency Chief Financial Officer
What experience do you have with developing financial policies and procedures?

When answering this question, describe specific instances where you have successfully developed and implemented financial policies in your previous roles. Highlight your understanding of compliance with state and federal regulations and how those policies improved financial operations.

Join Rise to see the full answer
Can you provide an example of how you've led a financial team in the past?

Detail a leadership experience where you managed a financial team to achieve objectives. Discuss how you fostered collaboration, motivated your team, and the specific outcomes that resulted from your leadership.

Join Rise to see the full answer
How do you handle budget overruns in financial management?

Explain your approach to identifying, analyzing, and responding to budget overruns, detailing how you prioritize corrective actions and communicate with stakeholders to realign financial strategies.

Join Rise to see the full answer
What strategies do you use to ensure fiscal compliance in financial reporting?

Discuss the steps you take to monitor compliance with financial reporting standards, such as regularly reviewing reports, training your team, and developing checklists to help mitigate risks related to non-compliance.

Join Rise to see the full answer
How familiar are you with the Statewide Integrated Financial Tools (SWIFT)?

Share your specific experiences with SWIFT or similar ERP systems, emphasizing how you've used these tools for effective budget management, procurement, or reporting in previous roles.

Join Rise to see the full answer
What is your approach to fiscal planning and resource allocation?

Outline your methodologies for fiscal planning, including how you assess needs, allocate resources based on priorities, and adjust plans in response to changing financial landscapes.

Join Rise to see the full answer
How do you ensure effective communication around financial matters within the team?

Emphasize the importance of clear communication in financial management. Share examples of how you ensure team members understand their roles in financial processes and maintain transparency with stakeholders.

Join Rise to see the full answer
Describe a time when you had to analyze a complex financial problem?

Provide an example of a financial challenge you faced, what analysis you performed, and the steps you took to resolve it. Emphasize analytical skills and decision-making ability.

Join Rise to see the full answer
How do you stay current with changes in financial regulations?

Discuss methods you use to keep up-to-date with financial regulations, such as attending workshops, engaging with professional organizations, or subscribing to financial journals.

Join Rise to see the full answer
What leadership qualities do you believe are necessary for the Chief Financial Officer role?

Reflect on qualities such as strategic vision, integrity, and the ability to inspire and motivate a team. Provide examples from your past that illustrate these qualities in action.

Join Rise to see the full answer
Similar Jobs
Photo of the Rise User
Posted 5 days ago
Photo of the Rise User
BambooHR Remote Utah | Hybrid
Posted 11 days ago
Photo of the Rise User
Analytic Partners Remote Miami, Florida, United States
Posted 13 days ago
Photo of the Rise User
Hays Hybrid Durham, NC
Posted 11 days ago
Photo of the Rise User
Posted 12 days ago
Photo of the Rise User
Civica UK Ltd Remote No location specified
Posted 9 days ago
MATCH
Calculating your matching score...
FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
December 2, 2024

Subscribe to Rise newsletter

Risa star 🔮 Hi, I'm Risa! Your AI
Career Copilot
Want to see a list of jobs tailored to
you, just ask me below!