West Virginia Higher Education Policy Commission Hiring for Vice Chancellor for Finance and Facilities at Charleston, WV Full Time

Under administrative direction from the Chancellor for Higher Education and/or the Executive Vice Chancellor for Administration,
performs significant complex professional and administrative work in directing the financial and fiscal management of the Higher Education
Policy Commission and the Council for Community and Technical College Education. 

The scope of responsibility includes planning
the operations and procedures of the Division of Finance and Facilities; development and operation of internal accounting and auditing
systems for administrative budgeting, revenue collection, and disbursements; management of agency assets; development of short- and
long-term strategies to insure fiscal solvency of the agencies; and liaison internally and externally regarding the management of the
agencies’ assets; and responsibility for financial policy development, 

Financial management of the West Virginia Higher
Education Policy Commission including grants management and compliance, procurement, facilities management and construction.

Coordination and support provided for Council and Commission institutions include: oversight of institutional annual financial audits,
facilities development, tuition and fee approval processes, budget and financial reporting to the Commission, Council and legislature,
Performs related work as required. 

Classification: Full-time, Non-Classified, Exempt,
Benefits-Eligible

Management and Financial
Operations:

• Oversees the financial operations of the Commission and Council
• Directs the planning and
  implementation of financial systems
• Establishes and ensures compliance with the Commission and Council internal control
  systems. 
• Oversees the procurement and payables operations.
• Directs the grants financial grants management and
  reporting processes. 
• Directs the establishment and negotiation of the indirect cost rate
• Directs the daily
  operations of the professional, technical, and clerical staff of the Division of Finance and Facilities. Directs the work of employees; and
  develops employees.
• Oversees the work of accountants and/or auditors in the preparation of financial documents such as journals,
  vouchers, warrants, expenses, revenues, reconciliations, disbursements, summaries, financial schedules, and transactions. 
• Determines the amount of revenues needed to guarantee solvency of the agencies’ funds.
• Acts as a liaison with the
  State’s actuaries; oversees the production of data for regular and special actuarial reports; serves as a liaison with the
  State’s Investment Management Board on the management of the agencies’ assets; working with the agencies’ General Counsel,
  oversees the preparation and execution of contracts for actuarial and other necessary specialized financial services, including the issuance
  and/or refunding of revenue bonds for capital project financing.
• Oversees the management of the agencies’ specialized
  financial services, including planning and administration of revenue bonds for capital project financing, compliance with bond covenants,
  and calculation of debt service requirements.
• Oversees agency financial reporting according to State and federal requirements.
• Interprets statutes, rules, regulations, and policies.
• Researches professional journals, rules, regulations, and other sources
  for improvements to the agencies’ and the division’s programs and procedures.
• Provides consultative guidance to public
  colleges and universities within the State’s higher education system.
• Performs related work as required.

Budgeting and Planning:

• Oversees the development of the agencies’ administrative budgets; assures
  compliance with budget guidelines in fiscal year budget execution.
• Oversees the preparation of the Commission’s budget,
  Division budgets and Expenditure Schedule 
• Prepares the HERA and Capital allocations
• Prepares fiscal notes for
  legislative sessions
• Oversees reporting of data to external entities
• Oversees the compilation of date for the higher
  education budget request
• Oversees Tuition and fee requests 
• Oversees the institutional operating and capital budgets
  submission and approval process.
• Advises the agencies’ senior leadership and the financial officers of the State’s
  public institutions of higher education on financial management issues, budget matters, capital project management, and fund solvency.
• Prepares reports reflecting the operational status of the agencies and its program offices.
• May provide information to or speak
  before legislative committees on the agencies’ fund operations or investment issues

Policy
Development:

• Works with the General Counsel to develop policies for capital planning, safety, tuition and fees, and
  other policies related to fiscal services and facilities management.
• Directs the establishment and operation of accounting and
  internal auditing systems for general accounting, revenue collection, administrative budgeting, and disbursements; evaluates unit
  operations. 

Institution Assistance:

• Works as a liaison for institutions in interactions
  with the Legislature, Department of Administration, Auditor, Treasurer and Budget office.
• Conducts monthly meetings with public
  higher education Chief Financial Officers (CFOS) to share information, address issues and coordinate upcoming statewide initiatives.
• With the Vice Chancellor for Human Resources, moderates monthly meetings with finance, payroll, and human resources users of the WV
  OASIS system.
• Works with institutions and state agencies to develop and/or implement financial reporting systems.
• Provides
  consultative guidance and technical support to the State’s public institutions of higher education about specialized financial
  services, including the institutions’ issuance and/or refunding of revenue bonds for capital project financing and may assist in the
  preparation of audited financial statements for institutions seeking such capital project financing and construction activities as well as
  their facilities management operations planning
• Provides energy management and savings guidance and assistance to institutions
• Reviews and recommends action on institutions’ applications for energy and facilities capital loans. 
• Works with
  institutions to acquire debt financing

Annual Audit:

• Oversees the annual audits of the Higher
  Education Fund, which includes all West Virginia public higher education entities. 
• Oversees the preparation of the annual
  audited financial statements of the Commission and the Council. This includes the consolidation of the Commission, WVNET and Tech Park
  financial statements.
• Oversees the Commission and Council’s annual single audits. 
• Prepares the annual
  communication of financial results and important ratios to the Commission and Council Oversees the preparation of the audited financial
  statements required for certain bond issues.

Facilities Planning for HEPC Institutions:

• Prepares
  the Commission and Council System Capital Development Oversight Policy
• Compiles institutional facilities data
• Reviews
  campus master plans and recommends approval by the Council or revision by the institution

Debt
Administration:

• Oversees the planning and administration of Commission Debt.
• Calculates the debt service
  requirements for each bond issue.
• Ensures compliance with Bond Covenants
• Submits reports to Municipal Securities
  Rulemaking Board as required
• Works with bond underwriters to determine feasibility of potential debt re-financings
• Provides data to and communicates with debt rating agencies

Education/Training: 

Master’s degree from an accredited college or university with a major in
accounting, business administration, finance, economics, or mathematics with significant coursework in accounting; a current Certified
Public Accountant credential; and eight (8) years of full-time paid experience in professional financial or performance accounting/auditing,
cost analysis, or governmental or statutory accounting, five of which must have been in a supervisory capacity.

Or

Master’s degree from an accredited college or university with a major in accounting, business administration, finance, economics,
or mathematics with significant coursework in accounting; and ten (10) years of full-time paid experience in professional financial or
performance accounting/auditing, cost analysis, or governmental or statutory accounting, five of which must have been in a supervisory
capacity.

Or

Bachelor’s degree from an accredited college or university with a major in accounting, business
administration, finance, economics, or mathematics with significant coursework in accounting; a current Certified Public Accountant
credential; and ten (10) years of full-time paid experience in professional financial or performance accounting/auditing, cost
analysis, or governmental or statutory accounting, five of which must have been in a supervisory capacity.

Experience: Experience using the State of West Virginia’s accounting/fiscal system is preferred. Experience
in large multi-location organization, systems office or large university strongly preferred. 

Knowledge, Skills,
and Abilities

• Knowledge of generally accepted professional accounting and auditing principles and practices.
• Knowledge of the principles, practices, methods, and techniques of government accounting and auditing.
• Knowledge of database
  principles and/or computerized accounting applications.
• Knowledge of actuarial concepts and practices.
• Knowledge of State
  government organization, programs, and functions.
• Knowledge of federal, state, and local government relationships as they relate to
  the mission and operation of the agencies.
• Skill in the use of computers in the area of accounting spreadsheet applications.
• Ability to oversee the establishment and operation of accounting and internal auditing systems for large and complex retirement
  programs.
• Ability to supervise and manage the work of others.
• Ability to evaluate operational situations and analyze data
  and facts in preparation for administrative and policy decisions.
• Ability to express complex and technical elements of accounting
  and financial management to public officials, professionals, Commission and Council members, staff, and the general public.
• Ability
  to maintain effective working relationships with agency management, public officials, actuaries, and staff.
• Ability to communicate
  and present ideas effectively, both orally and in writing.

Review of applications begins December
19, 2022. Applications will be accepted until position is filled. 

Application Process:

In addition to filling out the online application, qualified candidates must submit a letter of interest and a current resume. 

DETAILS OF RELEVANT WORK EXPERIENCE MUST BE SHOWN IN THE WORK DUTIES SECTION OF YOUR APPLICATION TO RECEIVE CREDIT FOR YOUR
EXPERIENCE. 

Final candidates are subject to employment and credential verification, as well as reference and
background checks.