Vice President for Finance and Administration and Chief Financial Officer

first_imgOpportunity OverviewThe College of St. Scholastica (CSS), a regional CatholicBenedictine comprehensive institution in Duluth, Minnesota, seeks ahighly experienced leader and manager to join its President’sCabinet as the Vice President for Finance and Administration/CFO.The Vice President for Finance and Administration/CFO has overallstrategic and operational responsibility for Finance andAdministration Departments and requires an academic leader whobrings a passion for inclusive excellence and relentless pursuit ofacademic quality that will shape CSS’s academic mission for thefuture.The PositionThe Vice President for Finance and Administration/CFO reports tothe President and serves as the strategic financial partner to CSSleadership. The Vice President for Finance and Administration/CFOis responsible for the finance and treasury functions, endowmentand investment management, financial and management reporting,financial and capital management, budgeting, informationtechnology, facilities management and services, human resources,and management of the CSS auxiliaries. The Vice President forFinance and Administration/CFO works closely with leadershipthroughout CSS to develop strategies to strengthen its business,financial and administrative plans and policies to achieve theCollege’s strategic goals.The Vice President for Finance and Administration/CFO providesleadership to the President and President’s Cabinet on financialand business matters. The Vice President for Finance andAdministration/CFO directs all financial operations includingbudgeting, accounting, federal grant financial support,procurement, cash, risks and asset management. The Vice Presidentfor Finance and Administration/CFO develops financial planningprocesses to ensure that financial plans are aligned with CSS’sstrategic goals, which includes preparing financial models andannual and long-term operating and capital budgets that provide forthe realization of the College’s growth. The Vice President forFinance and Administration/CFO also has responsibility for allreporting and compliance related to fiscal activity includinginvestment and debt management, to the President, the Board ofTrustees and various Board Committees and for promoting thedevelopment and growth of the College.In addition to the financial team, the Vice President forFinance and Administration/CFO provides the leadership for theCollege’s facilities, human resources, information technology, andFinancial Aid/OneStop Student Services (the student businessoffice) teams. The Vice President for Finance andAdministration/CFO is a member of the President’s Cabinet, andparticipates on the Board’s Audit and Finance Committee andInvestment Committee.About The College of St. ScholasticaThe College of St. Scholastica was founded as a Catholicinstitution in 1912 to educate women primarily in nursing,education, and social work. Today, St. Scholastica is aco-educational, independent, comprehensive institution of higherlearning offering undergraduate and graduate programs under thesponsorship of the Benedictine Sisters, who continue to have astrong presence on campus.The College of St. Scholastica aspires to be a diverse andinclusive academic community of excellence, grounded in the richCatholic Benedictine heritage, sending forth thoughtful leaderssharpened and sensitized by the liberal arts, who are prepared andcommitted to serve and transform the world. This is accomplishedthrough the mission of providing intellectual and moral preparationfor responsible living and meaningful work.The PositionReporting directly to the President and serving as a member ofthe President’s Cabinet, the Vice President for Finance andAdministration/CFO is a seasoned administrator who will oversee thefollowing areas:FinanceFacilitiesInformation TechnologyHuman ResourcesFinancial Aid/OneStop Student ServicesFinancial Planning, Budgeting andOversight:Oversees all financial operations including budgeting,accounting, procurement, cash management, and risk and assetmanagement;Ensures the provision of adequate, accurate and timely data forstrategic decision-making and operational leadership;Develops financial planning processes to prioritize and ensurethat the short- and long-term financial plans are in alignment withthe College’s long-term strategic vision. This includes amulti-year financial plan, preparing financial and enrollmentmodels and annual and long term operating and capital budgets thatprovide for the realization of CSS goals;Oversees investment strategy, endowment management and treasuryfunctions;Provides analysis and recommendations regarding CSS’s debtpolicy and access to financing. Oversees and monitors majorfinancing and financial agreements related to real estatedevelopment and other activities of the institution;Understands the various approaches to budgeting used by Collegesand Universities including Incremental Budgeting, Zero-BasedBudgeting, Responsibility Center Management and Performance BasedBudgeting. Applies this knowledge in developing a budgeting processthat achieves financial transparency, is supported by College staffand faculty, and is true to the values and mission of theCollege;Distills complex financial and non-financial data into easy tounderstand analysis; andUtilizes forecasting techniques and data analytics whenevaluating the financial implications of strategic alternatives,thereby increasing decision maker understanding of the risk andrewards of such alternatives; Has a firm understanding ofenterprise risk management and possesses the acumen to providesound strategic recommendations.Engagement and Inclusion:Promotes effective communications across the campus on financialand administrative matters;Offers opportunities for faculty, staff and students to provideinput to the CFO on the College’s finances;Provides financial and budget transparency for faculty, staffand student constituents; andCreates a culture of inclusion among staff to actualize theCollege’s fiscal priorities.Board and External Relations:Staffs and provides information and analysis to the Board ofTrustees and the Board’s Audit and Finance as well as InvestmentCommittees; andEnsures that the Board of Trustees is informed about andconfident in the financial management of the College and supportsboard members in fulfilling their fiduciary responsibilities.Facilities Management:Provides leadership to the Facilities Management Team,coordinating annual and capital budgets in relation to Collegestrategies; andWorks with the Facilities team to prioritize long term capitalrequirements, ensuring a prudent use of College resources whilemaintaining safe and effective plant and equipment.Human Resources:Oversees Human Resources functions to assure strategic alignmentwith College goals; andProvides leadership to the Human Resources team in the areasof  talent acquisition and management, compensation, benefits,payroll, professional development and training, employee engagementand satisfaction, labor relations, College policies, and compliancewith federal and state laws.Financial Aid/OneStop StudentServices:Ensures Financial Aid and OneStop Student Services delivers aseamless process to all students, allowing them to review financialassistance options and self-manage the business of being astudent.Information Technology:Provides support to the College’s Chief Information Officer(CIO), understanding the technological capital requirements of theCollege, and assisting the CIO in developing annual and multi-yearbudgets to ensure technology needs of the College are met; andIn concert with the CIO, leverages the data analyticscapabilities within IT, providing College leaders with newapproaches for tracking activities, trends and behaviors that mayimpact future College performance.Investment and Balance Sheet Management:Manages the College’s endowment, allocating endowment assets toprovide both capital appreciation and current income in line withthe College’s long-term capital needs, as well as ensuring donordesignated funds are managed appropriately;Periodically reviews the College’s Investment Policy foralignment with institutional objectives and prudent investmentpractices; andManages the College’s balance sheet and debt rating so as tooptimize future cash flow by utilizing capital markets, and othersources of capital. Monitors debt covenants for compliance.The CandidateEducation and Experience:A Bachelor’s degree in accounting finance, business or relatedfield and 10 to 15 years of progressively responsible financialleadership experience; or an equivalent combination of education,training and experience. An advanced degree is preferred;Essential Qualifications:Demonstrated technical competence in financial functional areasincluding financial reporting, internal controls development andimplementation, financial planning and budgeting, financial systemsimplementation and management, and treasury and debtmanagement;Demonstrated ability to think strategically and workproactively and collaboratively in the creation and management offinancial and administrative solutions resulting in organizationalgrowth and success;Demonstrated commitment to inclusive leadership and fiscalmanagement;Experience with IRS requirements; andExperience with finance and accounting software packages.Preferred Qualifications:An advanced degree in accounting, finance, business or arelated field;Certified Public Accountant (CPA) credentials and/or MBA withan emphasis on finance;Experience working with or managing facilities, humanresources, informational technology, financial aid/OneStop StudentServices;Experience as a member of an organization’s senior leadershipteam;Experience working effectively with a Board of Trustees as awhole and other applicable Board Committees;Demonstrated leadership in developing relationships with thebusiness community; andProfessional experience in higher education finance withbudgets exceeding $50 million.Personal / Professional Characteristics:Impeccable commitment to operating with high standards ofethics and integrity, professionally and personally;Strong interpersonal skills with the ability to dealeffectively with faculty, staff, administrators and students, aswell as the Board of Trustees and other members of the CSScommunity;Demonstrated ability to establish credibility and trust withbroad and diverse constituencies;Facilitates a work environment that encourages knowledge of,respect for, and development of skills to engage with those ofdiverse backgrounds;Commitment to excellence in achieving the division’s goals andsupporting strategic initiatives;Effective problem-solving skills and the ability to engageothers to address complex issues collaboratively;Strong leadership skills to establish vision and inspire andmotivate others to achieve extraordinary results;Able to provide strategic leadership in areas relating tofinance, employees, and students;Demonstrated strong understanding of and commitment to theBenedictine values, as well as the Catholic legacy of intellectualcuriosity;Ability to adjust to constant change;Strong leadership and effective management skills to leaddiverse departments, organize and direct the work of others, anddevelop team members;Poised under pressure and able to maintain a sense of balancein stressful situations;Ability to balance competing demands and multipleresponsibilities, making progress on long-term projects andaddressing urgent needs;Demonstrated ability to work collaboratively with peers andsubordinates and effectively with other internal and externalconstituents;Excellent verbal and written communication and interpersonalskills; andProven commitment to inclusive excellence.How to ApplyEqual Opportunity StatementThe College of St. Scholastica values diversity and is committedto equal opportunity for all persons regardless of age, color,disability, ethnicity, marital status, national origin, race,religion, sex, sexual orientation, veteran status or any otherstatus protected by law. AA/EOEInquiries, nominations, and applications are invited. Review ofapplications will begin in March 2021 and will continue until theposition is filled. For fullest consideration, applicant materialsshould be received by March 29, 2021. Candidates should completethe application and provide a resume, a letter of application thataddresses the responsibilities and requirements described in thePosition Brief, and the names and contact information of fivereferences. References will not be contacted without prior approvalof candidates.For more information, contact the Search CommitteeCo-Chairs:DianeVertin                          Brandon [email protected]                    [email protected](218)723-6012                      (218) 723-6199Apply here: full Position Profile at

Leave a Reply

Your email address will not be published. Required fields are marked *