Chief Financial Officer - HigherEdJobs

Institution:	Won Institute of Graduate Studies
Location:	Glenside, PA
Category:	Admin - Business and Financial Services
Posted:	06/21/2012
Application Due:	Open Until Filled
Type:	Full Time
Salary:	$50,000 to $60,000 USD Per Year

POSITION TYPE: Administration

JOB TITLE: Chief Financial Officer

REPORTS TO: President

DIRECT REPORTS: Finance Officer

Responsibilities

Reporting to the President, the Chief Financial Officer serves as the staff liaison to the Finance Committee of the Board of Trustees. The CFO is responsible for all financial transactions that affect the Won Institute across the operating and endowment accounts. The incumbent will partner with the senior leadership team and the Board of Trustees to develop and implement financial processes, programs, and strategies across the organization.

Responsibilities include the following:

• Oversee the accounting department to ensure proper maintenance of all accounting systems and functions, and supervising finance staff. Creates and maintains the appropriate segregation of duties regarding staff functions as they relate to account receivables, accounts payable, and credit card transaction. Ensures maintenance of appropriate internal controls and financial procedures. Ensures that all financial transactions are appropriately reported on the general ledger and reconciled to transactional documentation on a timely basis.
• Examines invoices and approves for processing
• Confirms the accuracy of payroll transmission
• Ensures proper processing of cash receipts and expenses related to petty cash, bookstore, and clinic transactions
• Oversees compliance with all Title IV regulations for reporting, accounting standards, and federal funds management.
• Oversees cash, investment, and asset management as well as all external financial services relationships. Manages and analyzes the cash flow ensuring the availability of cash to meet payroll and operating expense, including seasonal borrowing from bank line of credit.
• Prepares financial reports for review and analysis for the President and the Board of Trustees including quarterly financial, variance analysis, and budget projections of planning initiatives. Engage the President and Finance Committee of the Board of Trustees to develop short-, medium-, and long-term financial plans and projections.
• Prepares financial reports for accrediting and governmental agencies within prescribed due dates.
• Oversee the preparation and communication of monthly and annual financial statements, ensuring timeliness, accuracy, and usefulness of financial and management reporting for the President, senior management team and Board of Trustees.
• In coordination with the senior leadership team and staff, develops strategic plans and annual operating plans and budgets.
• Develops and utilizes forward-looking, predictive models and activity-based financial analyses to provide insight into the organization's operations and business plans. Serve on planning and policy-making committees.
• Develops and coordinates the budget development and approval process including budget templates and estimates of operating income and expenses for review by the President
• Coordinates internal and external audit reviews, regulatory reporting, and appropriate filing of tax schedules. Reviews and evaluates existing internal controls to ensure fiscal accountability and compliance with appropriate regulations.
• Ensure legal, regulatory, and GAAP compliance regarding all financial transactions and functions
• Coordinate the preparation of financial statements, financial reports, special analyses, and information reports
• Develops technology initiatives to ensure appropriate efficiencies and services. Creates, coordinates, and evaluates the financial programs and supporting information systems of the company to include bookkeeping, enrollment management, budgeting, tax planning, real estate, and conservation of assets.
• Clarifies, plans, and coordinates the transfer of financial roles and responsibilities to the finance function that were previously assumed by other members of the Institute's senior leadership team (in conjunction with the CAO).
• Coordinates with Chief Administrative Officer to ensure that student financial services which include financial aid, bursar, and registrar function (exclusive of academic policy consideration) comply with federal and state requirements. Works to ensure a student-focused and efficient process in the collection of fees and the servicing of student loan requests.
• With the president, chief academic officer, chief administrative officer and consistent with the priorities of the Board of Trustees, provides the necessary links between institutional planning and budgeting

Professional Development:

• Creates a Personal Development Plan which includes:
• Keeping current on legal, financial and other compliance matters specific to non-profit educational institutions.
• Professional conferences or webinars related to industry trends, strategic challenges and other developments affecting non-profit educational institutions
• Prepares an annual self-evaluation and review with the President
• Develops an understanding of "Best Practices" as they relate to financial administration.
• Recruit, train, supervise, and evaluate department staff (includes a detailed short- and long-term personal development program for the Director of Finance).

Qualifications

• B.S. in Finance or Accounting, a CPA and/or MBA preferred.
• Significant experience in, or, knowledge of nonprofit accounting, including student lending foundation, program, and grant accounting, compliance, Title IV funds, and reporting. Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles. Knowledge of monitoring and reporting of federal and state educational agencies.
• Knowledge of automated financial and accounting reporting systems; experience with Peachtree preferred, but not required. Experience with Populi enrollment management software a plus. Experience working with information technology specialists to manage finance and accounting software packages.
• Work requires professional written and verbal communication and interpersonal skills. Ability to produce quality materials within specified timeframes and simultaneously manage multiple projects.
• Demonstrated leadership ability, and interpersonal skills enabling the incumbent to work in complex inter-functional and diverse cultural environment.
• Ability to analyze financial data and prepare financial reports, statements, and projections. Analytical, abstract reasoning skills and excellent organization skills.
• Experience in strategic planning and execution.
• Comfortable with and respectful of the institution vision, mission and goals

The Won Institute of Graduate Studies admits students of any race, color,religion, national or ethnic origin, age, sex, sexual orientation, marital status,military status, veteran?s status, or disability to all the rights, privileges, programs,and activities generally accorded or made available to students. It shall not discriminate on the basis of race, color, religion, national or ethnic origin,age, sex, sexual orientation, marital status, military status, veterans status,or disability in administration of its educational policies, admission policies,employment policies, scholarship or loan programs, and other education related programs administered by the Institute. The Affirmative Action policy of the Won Institute is that all educational,admission and employment practices reflect the statements in the Policy of Non-Discrimination.

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