The annual salary range for this 12-month position is $120,000-$150,000, depending on experience. A generous benefits package includes health and dental insurance, tuition remission, and an 8% employer retirement contribution. In addition, the school encourages and supports professional development through funding for conferences and other programs.
Commonwealth School, a small independent high school that occupies two brownstones in Boston’s Back Bay, is known for its rigorous academics, including a vibrant curriculum in the humanities, a wide array of exciting STEM courses, and strong program in the arts. A warm and varied community of engaged students and passionate teachers, Commonwealth School’s daily life is full of curiosity, laughter, and respect among students, faculty, and staff. We work closely and collaboratively with each other in our cozy space, and we make extensive use of the City of Boston’s many resources.
Our mission is to educate young people from diverse backgrounds to become knowledgeable, thoughtful, and creative adults, capable of careful analysis, fruitful cooperation, and responsible leadership. In keeping with our mission, our teachers challenge and support students as they develop the skills that will encourage their lifelong love of learning.
Faculty and staff value trust and respect, shared stewardship, autonomy, accountability, creativity, and enjoyment (see our fully articulated norms here). Detailed information about the school is available on our website.
Commonwealth School seeks a Director of Finance. The Director of Finance, a senior leader and strategic partner to the Head of School, is responsible for overseeing all aspects of the school’s business office. The Director oversees and tracks an annual budget of approximately $9,000,000 in a school with a healthy endowment, cash reserves, and no indebtedness. The Director reports to the Head of School, supervises a full-time staff accountant, and works collaboratively with the Board of Trustees’ Finance Committee, Audit Committee, and Investment Committee.
We are looking for candidates adept at efficient day-to-day management of Commonwealth’s business functions who are also interested in bigger-picture strategic planning and modeling. We value candidates who are committed to fostering an inclusive and equitable community. Ideal candidates are flexible, creative, attentive to detail, skilled with technology, and collaborative.
Essential responsibilities include:
Manage and oversee Commonwealth’s business functions, including accounts payable, payroll, tuition billing and collection, benefits administration, regulatory reporting and compliance, insurance, and other business administration activities.
Collaborate with the school’s auditor on annual preparation and completion of the audits and Form 990 submissions.
Maintain the general ledger, complete monthly reconciliations, and produce monthly income statements and balance sheets.
Assist in developing the annual budget to align with the school's goals and mission.
Oversee and refine financial policies, procedures, and internal controls to safeguard assets, protect confidential information, and ensure accurate financial reporting.
Manage the administrative functions related to onboarding and offboarding of faculty and staff, particularly with regard to health and retirement benefits and payroll. Ensure that human resources policies and practices are clearly articulated, consistently applied, and conform to legal requirements.
Continually assess and assist in negotiating major contracts (insurance, benefits, leases, etc.) to ensure quality service and cost-effective choices.
Collaborate with the Director of Advancement to ensure accurate recording and reporting of donated and restricted funds.
Collaborate with the Director of Admissions and Financial Aid to administer and support the school’s financial aid program.
Creatively engage with longer-term strategic issues such as tuition growth, fund development, endowment support, and compensation scales by providing research, recommendations, financial analysis, projections, and other data to inform the process.
Model and foster high ethical standards, integrity, and respect for colleagues, alumni/ae, parents, and students in the conduct of the school’s business.
Communicate clearly and responsively with all stakeholders.
Remain current with business management trends and independent school finance best practices by participating in local, regional, and national professional organizations.
Interested candidates should submit the following materials to Jennifer Borman, Head of School (JBorman@commschool.org) by May 15, 2022:
A cover letter and résumé or CV
The names of three references and their contact information
Commonwealth School is an equal opportunity employer. It does not discriminate against any individual based on race, color, religion, sex, pregnancy, sexual orientation, gender identity, age, physical or mental disability, national origin, ancestry, genetic information, veteran status, military service, application for military service, or any other characteristic protected by law.
Five years of experience in finance/accounting, ideally in a school or non-profit setting
Deep knowledge of accounting software and other technology tools including Quickbooks and Excel.
Demonstrated leadership qualities
Highly efficient, organized, able to meet deadlines
High ethical standards
Excellent oral and written communication skills
Keen analytical skills and a detail-oriented work style
The mission of Commonwealth School is to educate young people from diverse backgrounds to become
knowledgeable, thoughtful, and creative adults, capable of careful analysis, fruitful cooperation,
responsible leadership, and deep commitment.