Vice President of Finance/Treasurer

Saint Joseph's College of Maine

• $125K — $150K *
Education, Government & Non-Profit
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Minimum of ten years in financial leadership and management roles.
  • Experience in treasury functions, financial reporting, and strategic budgeting.
  • Master's degree preferred; CPA designation is a plus.
  • Proven success in real estate development and risk management.
  • Experience with public/private partnerships is beneficial.

Responsibilities

  • Oversee annual operating plans with SMART goals for finance units.
  • Coordinate with Leadership Team to ensure high service levels.
  • Lead financial planning to achieve strong operating results.
  • Guide investments and ensure appropriate insurance coverage.
  • Monitor compliance and risk management controls.
  • Direct financial accounting and reporting with the Controller.
  • Develop systems to inform leadership on financial impacts.

Benefits

  • Collaborative work environment with a focus on shared governance.
  • Opportunity to influence strategic financial planning.
  • Engagement with Board of Trustees committees.
  • Potential for professional development in higher education finance.
Full Job Description
POSITION DESCRIPTION: The Vice President of Finance and Treasurer of the College serves as the principal advisor to the President on the business and financial operations of the College and prepares financial analysis and budgetary reports for the President and Board of Trustees. This role serves as a good steward of the resources of the institution by ensuring the financial health of the College through effective leadership, collaboration, direction and oversight to the College's financial and revenue generating operations; performing a key role for the ongoing development of the College's strategic plan; providing direction for the growth of non-tuition revenue; and providing supervision and direction to the position's direct reports.

The VP of Finance/Treasurer will serve as leadership team member who is the administrative liaison for the following committees of the Board of Trustees: Revenue and Resources Committee, Audit and Risk Management Committee.

MINIMUM QUALIFICATIONS:

The Chief Financial Officer will be a creative, strategic, collegial and entrepreneurial administrator who values transparency and shared governance and who possesses:
  • A minimum of ten years of progressively responsible financial leadership and management experience. Experience in higher education is not required although helpful.
  • Demonstrated experience and success in the areas overseeing treasury functions, financial reporting, annual and strategic budgeting, long-term and endowment investments, real estate development, long term debt management, risk management and new business development (including public/private partnerships).
  • A Master's degree (preferred).
  • Certified Public Accountant (CPA) designation a plus.

POSITION RESPONSIBILITIES:

Ensures the financial health of the College through effective leadership, collaboration, direction and oversight to the College's financial operations by:
  • Overseeing the development of the annual operating plans with SMART goals for the units in the finance area so that they provide high levels of service
  • Meeting regularly with the Leadership Team members to coordinate the delivery of high levels of service
  • Assisting the College to achieve the strategic goal of being financially sound and serving as a key partner in the strategic work of enhancing and diversifying the College's revenue streams
  • Leading the business and financial planning functions to achieve strong operating results and a stable capital financing plan
  • Guiding the College's investments, endowment and contracted insurance and ensuring that appropriate insurances are purchased
  • Monitoring controls are in place and overseeing compliance and risk management
  • Directing all financial accounting and financial reporting with the assistance of the Controller
  • Developing reporting systems and processes to inform College leadership about the financial impacts of decisions
  • Preparing financial forecasts and ensuring positive cash flows
  • Providing continuous analysis and improvement with the annual operating and capital budgets, and the operational systems
  • Managing long-term debt, including requests for new issues
  • Ensuring annual audits are conducted, all tax returns prepared and appropriate reports filed
  • Reviewing the status of student accounts receivable with the designated staff, as needed
  • Overseeing grant administration and reporting while proactively ensuring departments are adhering to grant funding requirements

Performs a key role for the ongoing development of the College's strategic plan by:
  • Facilitating the financial analysis, business planning and leadership of the College's resources to facilitate and support its mission and strategic plan
  • Ensuring that each major division has a sustainable business plan that supports the near, mid and long term goals of our learning community and that aligns with the College's business plan, for which the CFO is primarily responsible
  • Preparing the strategic financial model and multi-year budgets and ensuring integration with the strategic plan
  • Continuously monitoring the higher education landscape for financial risks and opportunities and interpreting their implications for the College
  • Strategically managing the resource constraints inherent in a nonprofit tuition driven institution
  • Demonstrating competence in transparent communication of strategic financial matters to key institutional stakeholders

In order to be considered for the position, submit an application, resume and cover letter electronically by clicking on "Apply." Be sure to also read and sign the Pre-Employment Statement. Offers are contingent upon successfully passing a background check. Specific questions may be emailed to: [redacted] or call [redacted].

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