Chief Financial Officer

5 hours 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
    • 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.)

New England College of Optometry offers a robust benefits program, including medical, dental, and vision coverage, 13 paid holidays, and generous paid time off for sick, vacation, and personal days. The college is committed to creating a diverse environment and is proud to be an equal opportunity/affirmative action employer.

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