For complete position description and submission requirements, go to: Vice President of Finance/CFO
POSITION'S ESSENTIAL DUTIES:
Financial Reporting, Auditing, and Compliance (40%): Oversees the accurate and timely reporting of the overall financial transactions of the university within the requirements of GAAP and other financial regulatory bodies, to communicate an accurate and complete understanding of the university's past, present, and future financial condition to university decision-makers and interested outside agencies (lenders, federal regulators, etc.).
Prepare timely and accurate analyses, summaries, and reports of financial data on the operating progress of the university.
Create a reliable cash flow projection process and reporting structure that includes a minimum cash threshold to meet operational needs.
Routinely review revenue cycle metrics to identify and address issues affecting overall performance proactively.
Conduct internal audits of accounts and processes; provide external auditors with the assistance required for a timely, accurate and successful audit of the university's financial records and processes.
Manage the university's financial compliance with local and federal regulatory matters.
Ensures the retention of financial reports for future reference in effective analysis.
2. Budget Planning (20%):
Supervise the department/office budget requests and with the Executive Vice-President, and President and CEO, approve and set the budget requirements.
Execute accurate and timely preparation and presentation of the university's financial statements, both for external and for internal management; including but not limited to Board of Trustees, KWU Foundation Board, auditors, bank managers, President's Council, and the Institutional Direction Committee.
Partner with senior leaders to ensure the university hits revenue targets.
As a President's Council representative, staff the Board's Committee on Finance and Operations; working closely with the Board's Treasurer to ensure financials and other related reports such as KPI's are current and submitted to the committee and full Board as determined by the Board's schedule.
Partner with Executive VP of Advancement and University Operations to establish and track revenue goals.
3. Business Operations (30% of time)
Develop annual goals for the Business Office operations, and an annual action plan to reach those goals in support of the university's mission and strategic plan.
Develop and implement effective and efficient business and finance policies and procedures.
Manage and maintain all insurance policies and programs for the university.
Oversee the development and maintenance of the financial accounting system, monthly and annual financial reports, and the annual audit.
Complete required local, state, and national reporting related to financials and debt obligations.
Complete required postings, filings, and reporting for the college's tax levy with all counties.
Actively oversee inventories, as well as purchasing contracts and leases, in order to increase purchasing value and minimize overstocks and obsolescence.
Manage borrowing in order to fund necessary shot and long-term projects and needs while minimizing borrowing costs and borrowing risk to the university.
Prepare annual IRS reporting and filing of 1098T, 1099 and 9900's.
Reconcile Department of Education funds to accounting system to determine appropriate cash on hand for student loans.
4. Other Duties (10%):
Serve as an ex-officio member of the KWU Foundation Board.
Serve on other university committees as appointed by the president of the university.
Represent the university at professional meetings and other special or public events as requested by the president of the university.
Maintain effective and efficient relationships with the President, Executive Vice-President, senior staff, and the university community as a whole.
Perform other appropriate and reasonably required duties as assigned by the job's supervisor.
EDUCATION:
Master's degree in accounting, finance, or related field
At least 10 years' experience in accounting, preferred in higher education finance leadership.
Preferred CPA or CMA
CERTIFICATIONS AND LICENSES:
Minimum Required: None
Preferred: CPA
WORK EXPERIENCE:
Minimum Required: Five or more years in financial administration with supervisory experience.
Preferred: Seven years of experience in private education in a financial administrative role.