ADMIN FINANCIAL MANAGEMENT

State of careers Rhode Island

About The Position

This position is responsible and accountable for the proper receipt and disbursement of departmental funds, ensuring they are used for their allotted purposes. The role operates under the administrative direction of a superior, allowing for significant initiative and independent judgment, with work periodically reviewed for compliance with federal and state laws, policies, and departmental objectives. The Administrator plans, coordinates, supervises, and reviews the work of a professional, technical, and clerical staff.

Requirements

A thorough knowledge and understanding of the principles and techniques of public administration
a thorough knowledge of accounting procedures practiced in state government
the ability to prepare, analyze and present departmental budgets and estimates of anticipated expenditures and receipts
the ability to identify problems and work interdependently with other staff in the Department, with members of the public and other state departments and federal agencies
the ability to supervise the work of a staff engaged in financial management and budget preparation
related capacities and abilities
possession of a Bachelor’s Degree in Business Administration with a major in Accounting and Finance
extensive employment in a responsible administrative position involving budgeting and financial control and federal reporting
Or, any combination of education and experience that shall be substantially equivalent to the above education and experience.

Responsibilities

To be responsible and accountable for the proper receipt and disbursement of departmental funds and to assist in the assurance that these funds are used for the purposes for which they are allotted.
To be responsible for planning, developing and formulating the departmental budget, including both state and federal resources; and to be responsible for the coordination and preparation of the Capital Development Plan.
To be responsible for the preparation of an annual fiscal plan, which enables the allocation of resources in accordance with the Department’s stated goals and objectives.
To provide, as appropriate, direction to programs relating to revenue and benefit collection such as parental support, medical benefits, third party payments, etc.
To be accountable and responsible for the proper receipt and disbursement of Bond Allocation Funds and to maintain necessary documentation for the use of such funds.
To interface with federal funding sources to insure that all eligible federal resources are made available to the Department; to prepare cash estimates and reports of expenditures in order to maintain a positive cash flow in all federal accounts; to be responsible for revisions of cost allocation plans to meet changing federal regulations; to oversee preparation of the Federal Indirect Cost Proposal and to negotiate with federal officials; to be responsible for responses to federal audits.
To provide direction in the creation of financial systems and procedures that are beneficial to the Department's administration of its programs.
To serve as a fiscal resource to departmental leadership in the decision-making process by providing analyses, data and fiscal judgment.
To do related work as required.

Benefits

For information regarding the benefits available to State of Rhode Island employees, please visit the Office of Employee Benefits' website at http://www.employeebenefits.ri.gov/.
a new provision in RI General Law 35-6-1 was enacted requiring direct deposit for all employees.
any employee hired after this date will be required to participate in the direct deposit system.
At the time the employee is hired, the employee shall identify a financial institution that will serve as a personal depository agency for the employee.

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