Chief Finance & Operations Officer | Seven Hills School
Carney, Sandoe & Associates
Location: Cincinnati, Ohio
Type: Full Time
Required Education: 4 Year Degree
Seven Hills School
Chief Finance & Operations Officer Search
Start Date: July 2022
The Seven Hills School, an independent, college preparatory school of 1,038 students, two-years-old through grade 12, in Cincinnati, Ohio, seeks a Chief Finance and Operations Officer to help guide this strong, vital school community through the next phase of its evolution.
Seven Hills is a highly strategic institution committed to being “the best at getting better.” Over the last decade, an experienced Head of School, supported by a strong, committed Board of Trustees and a talented leadership team, have worked together to enact two compelling strategic plans. The school has invested nearly $40 million in state-of-the-art facilities, including the Taft Early Childhood Center, the Schiff Center for the Performing Arts, a new four-court Field House, and a new Middle School academic building. At the same time, the school has quadrupled its endowment (now $44 million) to sustain the excellence of the faculty and staff and to support an ambitious Affordability Initiative to make the school accessible to a much more diverse student population.
Recently named the Best College Preparatory School in Ohio, Seven Hills offers a rich, comprehensive curriculum, with a host of signature programs in Civic Engagement, Science, Technology, Engineering and Math, and Experiential Learning, but the defining characteristic of the school is its focus on Social and Emotional Learning and the warmth and inclusiveness of the school’s culture.
This is an opportunity to work with a strong, experienced leadership team to guide a strong, healthy institution to the next level of excellence. A new Strategic Plan, adopted in 2019, prioritizes building on the school’s enviably strong financial and market positions, sustaining the excellence of the faculty and staff, and evolving the school’s innovative approach to “future focused learning” with new initiatives in Diversity, Equity, and Inclusion, Health and Wellness, and Student Leadership and Entrepreneurship.
DESCRIPTION OF THE ROLE
The Chief Finance and Operations Officer is a key member of the Schools Council, the senior administration team who report directly to the Head of School. The incumbent is moving on to a new role after a very successful 25-year tenure at Seven Hills.
Historically, the position has been ambitiously defined, combining all the responsibilities typically assigned to a Chief Financial Officer with those of a Chief Operating Officer and a Director of Facilities. As CFO, he has managed the school’s budget, investments, and human resources. As COO, he has overseen transportation, security, maintenance and (outsourced) custodial services as well as food service and other auxiliary services. As Director of Facilities, he has planned and overseen the annual care and maintenance of the school’s facilities and, during this recent period of rapid growth in the school’s facilities, has also overseen master planning, land acquisition, engineering and architectural services, and construction management.
In short, this is a very comprehensive position requiring a talented, energetic, and committed professional with a wealth of experience in a number of areas. Fortunately, the CFO/COO has cultivated an able administrative team, with particularly strong expertise in the offices of the Director of Human Resources and the Controller.
While we expect that all of the areas outlined above will remain within the purview of the new leader, there may be a need to hire additional personnel to manage day-to-day operations in one or more of these areas. It will be the first responsibility of the new CFO/COO to assess the operation of the office and to recommend and oversee any restructuring of responsibilities.
Beyond these strategic priorities, CFO/COO’s manages a budget of $30M. He has eight direct reports, including four in the Business Office (Director of Human Resources, Controller, Account Payable Manager, Accounts Receivable Manager) and four in Operations (Directors of Maintenance, Food Service, Transportation, Resale Shop). The main responsibilities of role are as follows:
Serve as chief staff liaison to the Finance, Investment, and Facilities Committees of the Board of Trustees, working closely with Committee chairs to organize agendas and meeting materials and present at meetings.
Utilize INDEX data to benchmark the school’s performance in key budget areas to assist with data-driven decision-making.
Build and/or maintain the school’s short- and long-term strategic financial models.
Oversee all financial reporting, including the development and approval of the annual operating budget, and periodic variance reports.
Oversee the administration of the school’s endowment; execute endowment and investment policy; implement investment decisions of the Investment Committee; and coordinate with the endowment consultants, investment managers, and custodians, ensuring effective endowment allocations, performance, and reporting.
Oversee the management of accounts receivable and accounts payable to ensure smooth and predictable cash flows and effective internal controls.
Oversee the annual financial and 403b plan audits and filings of tax returns.
Report financial information to the Board of Trustees, the Finance Committee, the Head of School, other administrators and internal departments, lenders, and other authorities.
Provide transparent financial reporting and planning that builds trust among administrators, faculty, staff, students, alumni, parents, and trustees.
Interested and qualified candidates should submit electronically in one email and as separate documents (preferably PDFs) the following materials:
A cover letter expressing their interest in this particular position;
A current résumé;
A one-page statement of educational or leadership philosophy and practice;
A list of five professional references with name, phone number, and email address of each (references will not be contacted until a serious mutual interest is established, and not without the candidate’s permission) to: