The Chief Financial Officer (CFO) / VP of Finance provides leadership and oversight for the development and execution of a sustainable financial model for the University that anticipates and responds to the opportunities and challenges inherent in the contemporary higher education environment. Reporting to the President, the CFO is responsible for the management of operating budgets and financial reporting, development of forecasts for the University that accurately anticipate risks and opportunities including return on investment and opportunity cost analysis, promotes operational excellence through cross-departmental collaboration and possesses a demonstrated ability to analyze, interpret and effectively communicate statistical and financial information to internal and external stakeholders..
PRINCIPAL DUTIES AND RESPONSIBILITIES:
Responsible for the day-to-day planning and management of all financial functions including preparing financial statements; overseeing financial aid, student billing and accounts receivable; coordinating annual audit reports; managing cash and investments; preparing annual budgets, approving all expenditures, purchase orders, and checks, and preparing and approving contracts for services and grants.
Oversees the Business Office, Financial Aid, Maintenance & Grounds, Bookstore, and any consultants working in these areas.
Recommends staffing needs to support best practices in the Business Office and the directives of the President and Board of Trustees.
Coordinate financial planning which leads to a strong, sustainable institution, supporting the goals of the University’s mission and strategic plan.
Informs the President of any material deviations and provides trend information of organizational revenues and expenditures, as well as,a forward-looking multi-year outlook.
Work annually to assure an expeditious and positive audit.
Work closely with the Community College Treasurer, and other leaders on capital planning and management.
Provides leadership, expert insight, and direction to financial models for tuition models, residence halls, auxiliary services and related business operations.
Assures compliance with all state and federal regulations which govern the financial ratios of independent colleges and universities. Work closely with the compliance and risk management programs.
Provides leadership for the University’s continuous improvement of business solutions and operating strategies that enhance revenues, create efficiencies and strengthen the fiscal strength of the institution.
Works collaboratively with Rio’s partner institution, Rio Grande Community College. in leveraging opportunities for strong business operations in the nation’s only combined public community college and private University.
Work closely with key stakeholders including banks, investment groups, Board of Trustees – representing the University at local, state and national meetings.
Builds and oversees the annual operating budget with the Executive Staff and University administrators, providing monthly updates and reports to the President and Board of Trustees.
Serves as the staff liaison to relevant committees of the Board of Trustees, including Finance, Audit and Investment.
Reviews, updates, develops, and documents policies and procedures for all business operations.
Develops best practice policies and procedures for cash flow management.
Serves as a transformational and adaptive leader with an ability to actively listen to all stakeholders, building continuous improvement policies and procedures.
Reviews and advises the institution on the best software packages and administrative systems to manage the institution’s business operations.
Represents the President at local, state, and national meetings as requested.
Assume other duties and responsibilities as requested by the President.
Master’s degree or CPA and minimum of five (5) years’ directly related experience, with experience in higher education preferred.
Demonstrated skills in financial management, planning, and strategic analysis.
Demonstrated experience in strategic oversight and implementing financial systems.
Strong knowledge of and the ability to implement best practices for accounting and operations is essential.
Demonstrated experience in a complex organization with both proven leadership and willingness to “roll up his/her sleeves” to get the work done.
Knowledge and a proven track record in private higher education is desirable.
Ability to work closely with President and Trustees in building both administrative and governance oversight of finances.
Excellent written and verbal communication skills, demonstrating a track record in leading and training budget managers in all areas of responsible financial management.
Experience in housing oversight and auxiliary partnerships to maximize the financial income from those operations is preferred.
Commitment to students, and a deep understanding of the needs of a residential campus.
Knowledge of community colleges is a preferred qualification to strengthen the partnership with Rio Grande Community College.
Demonstrated involvement over time with national organizations and initiatives such as NACUBO, SCUP and others is preferred.
About University of Rio Grande/Rio Grande Community College
The University of Rio Grande/Rio Grande Community College (URG/RGCC) is a unique partnership between a public community college and a four-year private university. Deeply rooted in Appalachian history, both institutions are committed to encouraging lifelong learning, personal and professional growth, critical thinking and problem-solving skills
and effective written and oral communication skills to students from the southeastern Ohio area, the state, the
nation and the world. Located in rural southeastern Ohio. Rio Grande is a small and safe university town with great amenities and is small enough for students, faculty, and staff to feel a sense of belonging to the community. The campus is friendly, casual, and includes 160 acres of rolling lawns, expansive athletic fields and attractive facilities. The two nearest large cities are Chillicothe, Ohio (approximately 50 miles northwest) and Charleston, West Virginia (approximately 50 miles southeast).