Chief Financial Officer

1 day ago

MD United States Loyola Blakefield Full time

Title: Chief Financial Officer

Status: 12-Month, Full-Time

Department: Business Office

Reporting to: President and Board of Trustees

Availability: July 2025

Compensation: $155 - $175K

Benefits: Medical, Dental, Vision, Paid Leave, Tuition Discount, and other benefits offered.

Organization Description:

Loyola Blakefield is a Catholic, Jesuit, independent school for boys in grades 6 – 12. Loyola is inspired by the life and instruction of St. Ignatius Loyola and the Society of Jesus. The ideal candidate must support Loyola Blakefield’s mission of forming young men who strive to embody our “Profile of a Graduate at Graduation.” We strive to form young men who are Religious, Loving, Academically Competent, Open to Growth, Committed to Diversity, and Committed to Working for a Just World.

Our students come from all walks of life and so do our teachers and staff. As such, we actively seek to recruit and retain faculty and staff reflective of the diverse backgrounds and experiences of our student body. Through inclusive hiring practices, we ensure a community of connection and belonging where everyone can thrive.

Profile:

The Chief Financial Officer (CFO) plays a key role in guiding the school’s financial strategy, overseeing a current annual operating budget of $25 million and managing an endowment of approximately $62 million. Working closely with the President and Board of Trustees, the CFO provides expert financial leadership to support strategic initiatives, guide resource allocation, and ensure operational efficiency, all while ensuring alignment with the values and mission of Catholic, Jesuit education. In accordance with its bylaws and governance structure, the CFO also serves as Treasurer of the Board of Trustees. Essential functions include:

  • Managing all funds, securities, receipts, and disbursements of the school.
  • Ensuring the deposit of all monies and valuable assets in authorized banks, trust companies, or depositories selected by the Board of Trustees.
  • Providing regular financial reports and updates to the President and Board on the organization’s financial condition.
  • Maintaining the financial integrity of the school, including compliance with policies and best practices.
  • Performing all duties customarily associated with the office of Treasurer of a corporation.
  • Undertaking additional responsibilities as assigned by the Board of Trustees or President.

Primary Duties and Responsibilities:

Jesuit Mission and Strategic Alignment

  • Ensure that financial decisions reflect Loyola Blakefield's Catholic, Jesuit identity, emphasizing ethical stewardship, access, and affordability.
  • Collaborate with leadership to promote the mission and values in financial planning, particularly in advancing the strategic plan’s goals for increased access and affordability as well as timely funding of key initiatives.
  • Educate the school community on financial priorities and their role in sustaining Loyola’s holistic educational mission.

Financial Management

  • Lead the development and execution of the school’s financial strategy, including budgeting, forecasting, and long-term planning.
  • Supervise the Business Office staff of three full-time employees, including the Accounting Manager, who reports directly to the CFO.
  • Oversee cash flow, investments, and financial planning to ensure the institution’s fiscal health and sustainability.
  • Provide strategic financial counsel to the President, Board of Trustees, and senior leadership, aligning resources with mission-critical goals.
  • Manage financial reporting, ensuring compliance with accounting standards, regulations, and best practices.

Enrollment Management

  • Serves as an active member of the Enrollment Management Team.
  • Provide regular reports and analysis on enrollment, tuition revenue, financial aid, and other data to inform strategic decisions.
  • Offer consultation on tuition and cost structures, leveraging insights from local, state, and national trends.
  • Provide detailed analysis and reporting of applicant/enrolled family financial aid data (via FACTS Grant & Aid) in support of a collaborative process to allocate need-based grants and merit scholarships in alignment with the school’s commitment to access and affordability and the intentions of benefactors and endowed fund criteria.

Financial Reporting and Compliance

  • Oversee the preparation of financial statements in compliance with GAAP and applicable standards.
  • Ensure timely, accurate financial audits and filings while maintaining strong relationships with auditors and regulatory agencies.

Risk Management and Operational Oversight

  • Identify financial risks and implement mitigation strategies, including managing insurance, investments, and endowment funds.
  • Ensure adherence to internal controls and financial policies.
  • Oversee payroll, accounts payable/receivable, purchasing, and other financial operations for efficiency and responsiveness.

Endowment, Scholarship, and Advancement Support

  • Monitor endowed fund performance and provide regular updates to the Board.
  • Support fundraising efforts by providing financial data and strategic advice to the Advancement team, in particular in support of capital fundraising campaigns.

Operational Excellence

  • Oversee the operational aspects of the school’s financial functions, including payroll, accounts payable/receivable, purchasing, and financial systems.
  • Ensure that financial processes are efficient, streamlined, and responsive to the needs of the school community.

Oversee the relationship with on-campus dining partner (SAGE Dining Services), ensuring alignment with school values and operational standards; coordinate with Business Office staff to manage dining accounts and track generated funds.

Minimum Qualifications:

  • Bachelor's degree in Business Administration, Finance, Accounting, or a related field (required), MBA or other applicable advanced degree (preferred).
  • CPA designation (required).
  • A minimum of 15 years of demonstrated experience in financial management and accounting, with a strong preference for experience in the nonprofit sector or within educational institutions.
  • Proven track record of successfully managing the financial health of an organization, including budgeting, financial reporting, strategic planning, risk management, and compliance.
  • Experience with endowment management, financial aid, fundraising support, and collaboration with Board of Trustees and senior leadership in a mission-driven environment.
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