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Executive Vice President of Institutional Finance
3 weeks ago
About Colleges of Fenway - Wentworth Institute of Technology
">We value diversity, equity, and inclusion in all our university programs and activities.
>We are committed to creating a workplace culture that promotes inclusion, professional development, and performance excellence.
>Position Summary:
>The Executive Vice President of Institutional Finance will oversee budgeting and forecasting, financial planning and analysis, finances, accounting, treasury, and endowment. This role is a key partner in developing the Institution's financial strategy and working collaboratively with University leadership, as well as the Board of Trustees, ensuring that operational and capital resources are deployed responsibly and consistently with the strategic plan of the institution.
>Essential Responsibilities:
>Finance / Accounting
- Develop and execute financial strategies aligned with the University's growth objectives and long-term vision.
- Develop and implement recommendations concerning the strategic allocation of resources, business processes, and finance policies.
- Develop and model strategies to improve financial performance and efficiency; and identify trends and changes in resource management.
- Manage and oversee all treasury functions, including investments, bonds, capital funds, operating cash, credit cards and other negotiable instruments.
- Provide the President and leadership team with strategies and analysis on debt and cash management, including supporting new ways of funding capital projects through public and private partnerships.
- Work with accrediting agencies, government and rating agencies on metrics and reporting of the Institute's financial position.
- Deliver timely reports to the leadership team as needed.
Budget Forecasting
- Collaborate and partner with various divisions to secure and maximize revenues, contain costs, and plan for the resource needs across the institution.
- Work closely with the President and leadership team on budget development, long-term financial projections, pro forma planning, cost benefit analysis, program/unit performance.
- Oversee the annual operating and capital budget process.
- Collaborate on projects, programs and initiatives for which there is a financial component.
Team Leadership
The Executive Vice President of Institutional Finance will foster a collaborative work environment that promotes inclusion, professional development, and performance excellence. This role is responsible for hiring, managing and developing accounting and finance staff and providing cross-departmental collaboration to ensure that financial systems and solutions support the institution's ambitions.
Minimum Qualifications:
- A bachelor's degree is required.
- Minimum of 10-15 years of progressive leadership responsibilities with a combination of experience in finance, accounting, budgeting and operations as well as significant experience in strategy, business, and financial planning.
- Extensive executive level experience in the financial management of higher educational institutions with a deep understanding of the financial compliance and regulatory environment that higher education institutions operate within.
- Strong communication skills to convey complex financial information clearly to stakeholders at all levels.
