Chief Financial Officer

6 days ago


Meadville, Pennsylvania, United States InsideHigherEd Full time
About the Role

We are seeking a highly experienced and strategic Chief Financial Officer to join our team at Allegheny College. As a key member of our leadership team, you will be responsible for providing financial leadership and oversight to ensure the long-term financial health and sustainability of the institution.

Key Responsibilities
  1. Financial Planning and Analysis: Develop and maintain long-term financial forecasts for all college funds and funding streams, monitoring both short and long-term internal and external financial and operational developments to ensure accurate forecasts.
  2. Strategic Financial Leadership: Collaborate with the President, Board of Trustees, and other senior leaders to translate the College's mission and strategic goals into a sound financial plan, fostering a culture of collaborative financial stewardship across the College.
  3. Financial Evaluation and Analysis: Establish, coordinate, maintain, and systematically review the process for financial evaluation of the college's instructional and non-instructional programs and activities, serving as a resource for determining the cost-effectiveness of current and proposed initiatives.
  4. Annual Budget Preparation: Oversee the preparation of the annual budget by identifying organizational needs, gaining consensus on priorities, and translating this into a feasible and fiscally responsible financial plan.
  5. Endowment Fund Management: Collaborate with Institutional Advancement to strategically understand, track, and manage the use of the College Endowment Fund for stewardship purposes.
  6. Integrated Planning Procedures: Develop procedures that integrate business and strategic planning into the annual budget process.
  7. External Monitoring: Monitor external events and developments to ensure that budget preparation incorporates the most current information.
  8. Cash Flow and Investment Management: Strategically monitor cash flow and oversee investment activities to ensure an appropriate supply of cash at the highest possible yield while complying with statutory limitations on types of investments.
  9. Regulatory Compliance: Ensure that the college complies with financial regulatory, legal, administrative, contractual, procedural, and accounting standards, managing annual audit processes.
  10. Leadership and Mentoring: Provide overarching and executive coaching and mentoring through an inclusive leadership strategy to the facilities, technology, and sustainability departments, ensuring alignment with the campus master plan.
  11. Board Engagement: Serve as a Cabinet Member for the Audit, Finance, and Investment Committees of the Board of Trustees.
Requirements
  1. Minimum of twelve years of progressive and successful roles in finance, operations, and strategy.
  2. Minimum of five years of management or leadership experience, preferably in higher education, non-profit, or diverse and progressive cross-functional corporate verticals; prior experience in the top finance role within an organization preferred.
  3. Bachelor's degree in accounting, finance, business, or other related field required; master's or other advanced degree preferred.
  4. CPA or CMA preferred, but not required.
  5. Substantial experience in strategic planning, budget management, financial reviews, policy review, financial analysis, and capital project planning and oversight.
  6. Expert ability to interpret and appropriately apply general accounting principles and regulations.
  7. Expert ability to develop and administer fiscal plans, financial systems, policies and procedures.
  8. Expert ability to communicate financial information to all levels of staff and the public effectively, both verbally and in writing.
Compensation

The compensation range for this role is between $185,000-$210,000 annually, based on experience and alignment to the needs of Allegheny College.


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