Chief Financial Officer

7 days ago

Boston, Massachusetts, United States New England College of Optometry Full time
Job Title: Chief Financial Officer

The New England College of Optometry is seeking a highly skilled and experienced 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, reconciliation of external clinic revenue and expenses, revenue from professional services agreements, fixed asset inventory management, review of contracts and business agreements, management of student billing and collections, impact of student withdrawals, leaves, graduation, etc., management of endowment draw and spending policy as it relates to restricted funds, including funds to provide scholarship support to new and continuing students, management of 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.
  • Team Management: Oversee Business Office (including A/p, A/r, Bursar, general ledger accounting), Financial Aid Office (disburses $14.2 million of federal loans and assistance and $1.5 million of institutional loans and assistance annually), Grants and Contracts Accounting and Administration.
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.).
Compensation:

$175,000 - $185,000 per year

Benefits:
  • 3 plan options for BCBS medical coverage.
  • Mental Health and Wellness benefits.
  • BCBS Dental.
  • Discounted vision services.
  • 13 paid holidays and generous paid time off for sick, vacation, and personal days.
  • Employer-paid life insurance, and short-term and long-term disability.
  • Voluntary Insurance: life, critical illness, hospital indemnity, accident.
  • Voluntary Benefits: employee discounts and pet insurance.
  • 9% employer contribution to a 403(b) retirement plan after 1 year of service with no vesting schedule or match requirement.
  • Qualified Public Service Loan Forgiveness Employer.

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