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Chief Financial Officer

1 month ago

Cohasset MA United States New England College of Optometry Full time
Job Title: Chief Financial Officer

The New England College of Optometry is seeking a highly experienced and skilled Chief Financial Officer to oversee all financial operations, including financial planning and budgeting, management of financial risks, record-keeping, financial planning and analysis, and financial reporting.

Key Responsibilities:
  • Financial Operations:
    • Direct accounting activities, including general ledger maintenance, analysis of computer-generated data and reports
    • Oversee reconciliation of external clinic revenue and expenses, revenue from professional services agreements
    • Oversee fixed asset inventory management
    • Review contracts and business agreements
    • Manage student billing and collections, impact of student withdrawals, leaves, graduation, etc.
    • Manage endowment draw and spending policy as it relates to restricted funds, including funds to provide scholarship support to new and continuing students
    • Manage PILOT and other requisite payment programs
  • Financial Reporting:
    • Prepare monthly internal financial reporting package, including comparative financial statements, external clinics productivity, optical shops profitability reporting
    • Manage the annual audit process
    • Institutional reporting to external entities, including federal and state regulators (IRS 990 and MA PCs, eZ-Audit, IPEDS, NECHE financial screen, MADHE FARM, etc.)
    • Serve as the liaison with the Finance, Audit & Business Affairs Committee (FABA), scheduling meetings, preparing minutes, etc.
  • Budgeting:
    • Manage the development of all budgets (operating and capital) and oversee the annual budget process
    • Manage operational and capital budgets
    • Oversee physical plant budgeting and capital projects
    • Periodic forecasts and variance analysis, including tuition forecasting
Requirements:
  • BS or MS in Finance or Accounting, or MBA. CPA, or equivalent advanced degree preferred.
  • Minimum of 10 years of progressive financial leadership experience, with at least 5 years in a senior financial management role within higher education or nonprofit healthcare.
  • Experience with financial systems and tools (NECO uses Jenzabar)
  • Experience working with Board of Trustees (presentations, reports, preparing minutes, etc.)

The ideal candidate will have a proven track record of financial strategy development, cost management, and operational improvement. Strong leadership and team management skills, with the ability to communicate effectively with diverse stakeholders, are essential. Financial acumen, strategic thinking, leadership and team management, technological prowess, and effective communication and interpersonal skills are also required.

The New England College of Optometry offers a robust benefits program, including medical, dental, and vision coverage, as well as a 403(b) retirement plan with a 9% employer contribution. The College is committed to creating a diverse environment and is proud to be an equal opportunity/affirmative action employer.