Chief Financial Officer

Chief Financial OfficerBeta is a Title I Schoolwide campus. I understand that part or all of this job could be funded with federal funds.Location: Houston, TXReports To: Superintendent / CEO Supervises: Finance Department StaffPosition OverviewThe 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) requirementsCharter FIRST financial accountability standardsFinancial Accountability System Resource Guide (FASRG)Governmental Accounting Standards Board (GASB)Uniform Grant Guidance (2 CFR Part 200)IRS nonprofit reporting requirementsThe 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 LeadershipServe 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 & AccountingDirect 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 StandardsEnsure 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 OversightLead development of the annual organizational operating budget.Develop multi-year financial projections and sustainability models.Oversee preparation and monitoring of:Campus budgetsDepartment budgetsAthletic program budgetsExtracurricular activity budgetsCapital improvement budgetsConstruction project budgetsWork 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 ForecastingDevelop 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 CommunicationPrepare and present monthly financial reports to the Board of Directors and Finance Committee, including:Financial statementsBudget vs. actual analysisCash flow reportsDebt service reportingFinancial forecastsPrepare monthly financial reports for campus principals and department leaders.Prepare quarterly financial performance reports and forecasts.Develop annual financial reports summarizing fiscal performance and financial outlook.Provide financial guidance to the Board regarding fiscal policy and financial oversight responsibilities.Charter FIRST ComplianceEnsure compliance with all Texas Charter FIRST financial accountability indicators.Maintain Charter FIRST rating of 95 or higher.Prepare and submit all required financial accountability reports to TEA.Monitor organizational financial metrics to ensure alignment with Charter FIRST standards.Serve as the organization's primary liaison with TEA regarding financial accountability.Procurement & Purchasing ComplianceOversee all procurement and purchasing processes in compliance with FASRG procurement requirements and applicable state and federal regulations.Ensure purchasing procedures follow competitive procurement guidelines when required.Maintain purchasing policies that support transparency, fairness, and fiscal responsibility.Ensure proper documentation and approval processes for purchases.Train staff on procurement requirements and purchasing procedures.Grants Management (Federal, State, Local, and Private)Oversee financial management of all federal, state, local, and private grant funds.Ensure compliance with Uniform Grant Guidance (2 CFR Part 200).Monitor grant budgets and expenditures.Ensure accurate documentation for grant compliance and reimbursement.Coordinate financial reporting to granting agencies.Support program leaders in proper allocation and use of grant funding.Audit & Regulatory ComplianceLead preparation and coordination of the annual independent financial audit.Ensure compliance with:TEA financial accountability standardsSingle Audit requirements (if applicable)Federal grant compliance regulationsServe as the primary liaison with external auditors.Address audit findings and implement corrective actions when necessary.Maintain documentation and financial procedures to support audit readiness.IRS & Nonprofit Financial ComplianceEnsure compliance with nonprofit financial reporting requirements.Oversee preparation and filing of IRS Form 990 and other required filings.Maintain financial records necessary for nonprofit regulatory compliance.Debt Management & Financial InstrumentsManage organizational debt obligations including:Municipal bondsNew Market Tax Credit (NMTC) financing structuresOther financing agreementsMonitor compliance with bond covenants and reporting requirements.Coordinate with financial advisors, bond counsel, and underwriters.Provide analysis and recommendations regarding refinancing or debt restructuring when appropriate.Capital Projects & Construction Financial Management