The VP and CFO is responsible for the financial leadership of the college, which includes an operating budget of $141.3 million. St. Olaf's Moody's rating is A1 - stable. The VP and CFO has oversight of four direct reports and a staff of more than 100 FTE. The role directs budgeting, financial reporting and analysis, investments, cash management, debt management, environmental health and safety, and stewardship of all financial and physical assets of the college. In addition, the VP and CFO oversees facilities and guides the planning, financing, and implementation of all capital management activities including land acquisition and leases.
The VP and CFO advises the Board of Regents, President, and executive team in matters of strategic decision making, resource management, and fiscal sustainability, serves as the leadership liaison to the Board's Finance, Investment, Audit, and Buildings & Grounds Committees, and serves as the college's Compliance and Risk Officer.
The successful candidate will be an experienced financial executive with a successful record of managing diverse operations and demonstrated expertise in strategic asset/liability management, financial planning and management, strategic planning, accounting, and budgetary and regulatory compliance. In addition, the successful candidate will have exceptional communication skills; be solutions oriented; be an affirming team builder who will empower others and optimize the effectiveness of a talented and seasoned team; have a commitment to and track record of achievement in a range of initiatives related to diversity, equity, inclusion, and cultural competency; and bring an energetic, optimistic, authentic, and relational approach to the role.
A minimum of a bachelor's degree in finance, accounting, business administration or a liberal arts and sciences discipline is required, with an MBA or graduate degree in a relevant field preferred. The ideal candidate will bring senior financial and operations management experience in a national liberal arts college or relevant experience elsewhere at an organization of comparable scope, scale, and complexity.
Nominations and applications should be submitted electronically as soon as possible. The search committee will begin to evaluate applications in May 2023. Although applications will be welcomed until the time that a new VP and CFO is selected, candidates should submit materials no later than June 19, 2023, to ensure fullest consideration. The new CFO is expected to begin serving in August 2023. Applications should include a letter of candidacy that responds to the agenda for leadership and the desired attributes for the VP and CFO and a complete résumé or vita. All application materials will be considered in full confidence. Please send all nominations, inquiries, and applications, electronically to:
Julie E. Tea, Managing Director and Lindsay Allison, Senior Associate at [email protected]
