Deputy Chief Financial Officer, School District of Philadelphia

Posted by on April 07, 2014

The Deputy Chief Financial Officer (DCFO) is a key supporting role for the Chief Financial Officer and assists the CFO in managing the Financial Planning and Analysis function, and the Financial Reporting function. The DCFO develops comprehensive policies and programs to ensure that the operations of Debt Issuance, Budget and Management, and Accounting are consistent with the School District’s mission; prepares and updates priorities within the context of the mission of the School District and produces progress reports as required; and provides day-to-day leadership and ensures that the operations of each department are in compliance with District policies as well as local, state and federal mandates.

ESSENTIAL FUNCTIONS

• Provides leadership and coordinates all aspects of the issuance of long and short-term debt and derivatives, bond proposal development and analysis, treasury operations including investments, cash flow projections, preparation of debt service budgets, maintenance of all debt service payments, monitoring of swaps and assistance with annual financial reporting requirements.
• Researches, gathers and develops a variety of financial, statistical, educational and budgetary data for documents as official statements and resolutions to ensure for their accuracy in regard to bond issuance.
• Maintains relationships with the rating agencies and participates in presentations regarding specific bond or note issues.
• Coordinates with outside consultants for quarterly swap reporting and updating the School District’s Interest Rate Management Plan.
• Oversees the management and investment of three billion dollars to ensure that day-today operations meet all obligations, such as payroll, debt service and payments to all vendors.
• Monitors and coordinates with Accounting, Capital Budget and Facilities Management the proper spending of various bond funds for capital program eligibility.
• Communicates and reports to outside authorities such as the State Public School Building Authority on the use of bond funds financed through their authority.
• Oversee revenue specialists in the development of annual and on-going reports and projections of revenues and assists in receipt of special revenues.
• Leads staff in the proper accounting and reporting of students to meet State requirements.
• Directs staff on legislative analysis and recommendations of education funding issues; maintains information regarding all aspects of public debt issuance.
• Directs the creation of reports and presentations to update the Chief Financial Officer on all Finance related issues.
• Fosters and maintains cooperative working relationships with School District administrators, government officials and community organizations.
• Prepares and submits reports to the Chief Financial Officer for the School Reform Commission on Finance Division activities.
• Performs related duties as required.

Qualified applicants must have:

• A Master’s degree in accounting, finance, business administration, public administration or a related field from an accredited college or university
• Ten years of full-time, paid, professional experience in the preparation and/or analysis of financial and legal documents, including experience with the bond market in the sale, development and acquisition of bond financing, five of which have been in an administrative or supervisory capacity and have included responsibility for managing the daily operations of a large public agency or major financial institution.
• Any equivalent combination of training and experience determined to be acceptable by the office of Human Resources

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