Vice President of Business and Finance/ CFO

3 weeks ago

New Orleans, United States Dillard University Full time
Job DescriptionJob Description

Position Overview

The Vice President for Business and Finance serves as the Chief Financial Officer (CFO) and manages the areas of business, finance, investments, information technology, payroll, human resources, real estate, bursar, and financial aid. Reporting to the President, the CFO serves as a member of the President’s Senior Executive Cabinet participates in formulating broad strategic and managerial policies and decisions across all areas of the University, and leads a team of six direct reports. The CFO serves as the major fiscal steward of the University and ensures fiscal integrity and solvency of all University assets. Dedicated to increasing the efficiency and effectiveness of the university, the Vice President for Business and Finance and Chief Financial Officer is responsible for the financial planning and policies (including the capital plan), investments, budgeting, procurement, cash management, forecasting, revenue generation, debt management and risk.


Essential Duties and Responsibilities


  • Provide leadership, strategic planning, and management of the division of Business and Finance, including Auxiliary Services, Finance, Budget, Payroll Investments, Financial Aid, and Information Technology Services. Assure that those departments can comply with external regulations and provide the best possible service to the University community and the University's external stakeholders.


  • Support the President and the Trustees, formulate and implement Trustee policies in the above areas, and promote effective communication and cooperation between the various administrative offices. Specifically, support the Trustee Audit and Finance Committees and provide financial reports to the Board of Trustees.


  • Provide leadership across the University community in areas of finance, administration, physical resources, financial aid, and information technology through presentations and work with various faculty and staff groups and organizations.


  • Provide vision and leadership of the University’s financial and business operations, including accounting, budgeting, financial aid, grants and contract administration, auditing, tax, purchasing, real estate, fixed asset inventories, investment strategies, long range forecasting, and other fiscal imperatives.


  • Ensure adequate controls and substantiating documentation such that all purchases, financials, and accounts receivable pass independent and governmental audits and align with best ethical business practices.


  • Ensure appropriate reconciliation functions between the Offices of Business and Finance, Financial Aid, and Sponsored Programs on a monthly basis to ensure the best stewardship of stakeholder relationships, including donors, students, suppliers, government, and other partners.


  • Approve university expenditures, including contract and purchasing regulations (All contracts must be approved by the President and reviewed by Legal Counsel before initiating)


  • Oversee the coordination and activities of independent auditors, ensuring all audit issues are resolved, all compliance issues are met, and the preparation of the annual financial statements is in accordance with U.S. GAAP and federal, state, and other required supplementary schedules and information.


  • Other duties as assigned.


Education


Minimum qualifications include a Bachelor’s from a regionally accredited institution of higher learning in Business Administration or Accounting. Master’s Degree in Business Administration or related area and/or Certified Public Accountant (CPA) preferred.


Experience

Candidates must have:


  • Considerable experience in various financial and management areas.

  • Experience in higher education, preferably at a private institution

  • Experience setting up new systems that streamline fiscal operations.

  • A minimum of 8, preferably 10, years of experience in a senior role in higher education finance and/or accounting.

  • Experience supervising, mentoring, coaching, and training a finance/accounting team

  • Demonstrated success in financial planning and analysis.

  • Experience managing financial operations, including accounts payable/receivable, payroll, and auditing.

  • Worked with financial aid and

  • Be comfortable in a transformative, fast-paced environment

  • An understanding of the complexities of restricted, endowed, grants, and non-restricted accounts

  • Experience in building and supporting a team (change management)

  • Experience with SACSCOC or another regional accreditation organization



Preferably, the candidate has:


  • Experience with Jenzabar and ADP

  • An active membership in NACUBO

  • Experience in financing building and real estate projects

  • Outsourcing and shared services




Required Knowledge, Skills and Abilities


  • Not-for-profit accounting in accordance with U.S. Generally Accepted Accounting Principles, OMB Circulars A-133, A-110 and A-122,

  • Experience in the management of Finance and Accounting, Business Services, Investments, Financial Aid, Payroll, Information Technology Services and Human Resources.

  • General office software, particularly the Microsoft Office Suite and Jenzabar software (or other similar not-for-profit general ledger software) and use of databases

  • The ability to foster and cultivate business opportunities and partnerships.

  • Create and assess financial statements and budget documents.

  • Excellent written and verbal communication skills.

  • Up-to-date knowledge of current financial and accounting computer applications.

  • Excellent verbal, analytical, organizational, and written skills.

  • Ability to strategize, problem solve and make sound business decisions.

  • Experience in developing budgets and financial plans.

  • Strong leadership skills with the ability to inspire and motivate teams.

  • Knowledge of regulatory standards and compliance requirements.

  • Familiarity with investment management and funding sources.




Employee Signature ___________________________________



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