Overall, the Director of Finance is responsible for advancing the mission of the College and achieving annual and long-term strategic goals by establishing operating and capital budgets supported by enrollment and retention strategies that ensure the financial health of the organization. Reporting to the Executive Vice President, the Director of Finance also presents innovative solutions to financial issues affecting the College using knowledge and understanding of the higher education industry and the regional communities served by the College. The Director of Finance oversees the financial and business affairs of the College and maintains accounts in accordance with the pronouncements of the Financial Accounting Standards Board of the American Institute of Public Accountants related to nonprofit organizations.
- Lead the annual budget process, support departmental budget management, conduct financial forecasting and oversight of organizational cashflow
- Play a key role in financial planning, as well as the development of management policies, internal controls and operating procedures
- Prepare monthly progress reports for the President, trustees, senior staff, and department managers
- Prepare projections, analyses, financial statements and other reports
- Review of each month-end close of the general ledger accounts to ensure accuracy and compliance with accounting principles
- Oversee (or prepare?) quarterly bank reporting including internal financial statements and covenant calculation
- Complete various quarterly and annual regulatory filings in a timely fashion including what may be required from the College accreditors
- Ensure sound financial management and optimize finance and accounting policies, internal controls, and reporting
- Manage funds, both operating and capital, by controlling and monitoring their internal allocation and properly accounting for receipt and disbursement
- Prudently manage and track the performance of the College’s invested assets and work to ensure the security of College assets
- Oversee annual independent financial statement audit with the College’s board-appointed CPA firm and implement corrective action if necessary, ensuring any audit issues are resolved
- Attend Finance & Audit Committee and Board of Trustee’s meetings to present financial matters
- Represent the College in community activities assigned by the College President
- Other duties as assigned
- Minimum of Master’s Degree in management, finance, accounting, business or public administration or a related field.
- CPA certification or other professional accounting certification is desirable.
- Five or more years of leadership experience in financial management in a nonprofit setting and preferably higher education is desirable.
- Demonstrated ability to handle issues and concerns in a diplomatic and sensitive manner.
- High degree of computer literacy including proficiency in technology.
- Exceptional communication skills.
- Excel at developing, organizing, implementing, directing and evaluating the College’s fiscal function and performance, including budgeting, evaluating and advising on the impact of fiscal long-range planning, management of debt and currency exposure, asset growth, introduction of new programs and strategies, and monitoring regulatory action.
- Collaborate effectively with the College’s investment consultants and fund managers.
- Must be an effective, fair and open negotiator, committed to a transparent decision-making process emphasizing consultation and collaboration with faculty, staff and students while building trust and strong relationships across constituencies.
High degree of professional discretion, integrity, and judgement modeling exemplary standards of professional conduct for credibility across the College.