Chief Financial Officer
Indianapolis, IN, US, 46204
Work for Indiana
Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.
About Indiana Economic Development Corporation:
Bring your biggest and boldest ideas to life as an employee of the IEDC. We are a fast-paced and forward-thinking team charged with pursuing economic development opportunities for current and future Hoosiers in our state and around the world. Our culture embodies the spirit of being bold and working collaboratively to create the economy of the future.
The IEDC is organized as a public private partnership led by the Secretary of Commerce and governed by a board chaired by the Governor of Indiana.
The Indiana Economic Development Corporation has been recognzied as one of the 2023, 2024, and 2025 Top Workplaces by Indianapolis Star.
Role Overview:
The Chief Financial Officer (CFO) is a highly experienced executive leader with significant demonstrated financial leadership in a timebound turnaround. They will closely partner with the CEO and leadership team to develop and implement a strategy that will deftly guide the organization through a period of major financial and operational change, ultimately restoring confidence in the organization’s mission and goals.
The successful CFO will play a pivotal role in evaluating the viability of the organization’s operating units, forcing reality to protect the core business of the corporation. They will broadly inject financial discipline into every stage of policy development, process formation, and governed execution. Past experience must highlight a focus on identifying and addressing fiscal inefficiencies, restructuring revenue models, and implementing cost-cutting measures.
The CFO will pilot a team that will provide tight, disciplined controls for the organization. They will evaluate the organization’s operating units and organize financial activities that are critical to generating measurable and sustained growth. The CFO will possess strong communication and presentation skills and provide regular detailed reports to leadership. effectually stabilizing and restoring excellent financial and operational health.
Salary Statement:
The salary range for this position is $135,000 - $160,000 annually.
A Day in the Life:
- Financial Management: Ensure high financial performance of all operating units within the organization. Oversee budget, forecasting, accounting, reporting, procurement, and annual audit.
- Strategic Planning: Develop and implement balance sheet restructuring strategies, including identification and divestment of non-core assets, and potential liquidation of non-performing operations in severe cases. Develop financial models and analyses to support strategic initiatives that will improve liquidity and secure new funding.
- Efficiency and Cost Reduction: Quickly manage working capital more efficiently, gaining tight control over the cash flow pipeline. Aggressively pinpoint and weed out unprofitable businesses and activities. Streamline and align operations and negotiate with suppliers, partners and banks.
- Change Management: Analyze and restructure operational control systems. Drive managerial accounting development. Effectively communicate the rationale for changes. Develop, lead, and mentor a high-performing team. Maintain tight financial discipline throughout the organization at all times.
- Forecasting and Guidance: Direct monthly, quarterly and annual forecasting processes as well as monthly opportunity and risk guidance. Build a regular financial evaluation schedule and practice to track strategic growth decisions using simple financial models. This includes the impact of investment projects, not limited to capital outlays for land and infrastructure, debt service, and various revenues.
- Vertical Collaboration: Work with cross-functional teams to ensure financial alignment with business objectives. Assist in development and coaching of internal teams on finance-based strategies that promote a culture of accountability, collaboration, and performance excellence.
- Interagency Cooperation: Cooperate with members of the Executive and Leadership Teams on financial related interactions with Office of Management and Budget, State Budget Agency, and other agencies.
- Compliance: Ensure compliance with Federal, State, and Local financial regulations.
- Debt Restructuring: Manage debt obligations, negotiate with vendors, and restructure debt.
- Communication: Represent the organization and its individual units in financial discussions with stakeholders. Communicate with investors, creditors, and other stakeholders to build confidence in the turnaround plan.
- Best Practices: Ensure alignment with industry best practices and trends, especially with regards to reporting, valuations, contract structure and administration.
What You'll Need for Success:
Desired Qualifications
- Bachelor’s degree required; CPA, CFA, MAcc, MS, MA, and /or MBA highly desired.
- 15+ years of demonstrated Finance, Accounting and FP&A leadership, preferably in a multi-unit setting (including government entity preferable but not required).
- Deep understanding of financial analysis and reporting, forecasting, and annual budgeting.
- Understanding of State incentives and tax structures a plus.
- Understanding of Federal and State grant administration a plus.
Key Skills
- Expert understanding of financial statements and accounting principles.
- Expert financial modeling and analysis skills. Ability to identify trends and make confident, data-driven decisions based on strong core business process focus.
- Proven ability to develop and implement turnaround strategies that align with executive goals.
- Strong communication skills to effectively manage diverse teams, communicate with stakeholders, and build consensus.
- Ability to lead a team, manage change, and motivate employees.
- Exceptional interpersonal skills and a collaborative leadership style with a results-oriented drive.
- Possess intellectual agility to seek input, make connections, and recognize patterns that lead to effective decision-making and successful outcomes.
- Strategic ability to identify and capitalize on opportunities towards efficiency or growth.
- Maintain a high level of urgency, reliability and stability.
- Maintain the highest level of confidentiality.
- Demonstrate behaviors consistent with character, competency, passion, and humility.
Benefits of Employment with the State of Indiana:
The State of Indiana offers a comprehensive benefit package for full-time employees which includes:
- Three (3) medical plan options (including RX coverage) as well as vision and dental plans
- Wellness Rewards Program: Complete wellness activities to earn gift card rewards
- Health savings account, which includes bi-weekly state contribution
- Flexible work scheduling options, including the potential for hybrid remote work for employees whose work may be performed outside state facilities
- Deferred compensation 457(b) account (similar to 401(k) plan) with employer match
- Two (2) fully-funded pension plan options
- A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:
- 160 hours of paid New Parent Leave and up to eight weeks of paid Childbirth Recovery Leave for eligible mothers
- Up to 16 hours of paid community service leave
- Combined 192 hours of paid vacation, personal, and sick leave time off
- 12 paid holidays, 14 on election years
- Education Reimbursement Program
- Group life insurance
- Referral Bonus program
- Employee assistance program that allows for covered behavioral health visits
- Qualified employer for the Public Service Loan Forgiveness Program
- Free Parking for most positions
- Free LinkedIn Learning access
Equal Employment Opportunity:
The State of Indiana is an Equal Opportunity Employer and is committed to recruiting, selecting, developing, and promoting employees based on individual ability and job performance. Reasonable accommodations may be available to enable individuals with disabilities to complete the application and interview process as well as perform the essential functions of a role. If you require reasonable accommodations to complete this application, you can request assistance by contacting the Indiana State Personnel Department at jobs@spd.IN.gov.
Nearest Major Market: Indianapolis
