Chief Financial Officer

Job Description

Job Description

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As a member of the executive leadership team, the chief financial officer position is accountable for the financial and risk management operations of the University, including the development of a financial strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve University assets and report accurate financial results. The CFO provides assistance in formulating the University’s future direction and supporting University initiatives in corporate finance and information technology. This position provides leadership, administrative oversight and policy/protocol/process development for corporate finance and information technology.

Qualifications:

1.       Master’s degree in accounting or business administration required; a combination of education and a minimum of 10 years of progressive experience may be considered in place of a Master’s degree

2.       Ability to communicate effectively and professionally with all types of individuals

3.       CPA or CMA designation highly recommended

4.       Must properly use tact, diplomacy, discretion and sound judgment

5.       Extensive knowledge of US GAAP

6.       Prior experience in private higher education or nonprofit preferred

7.       Strong computer application and institutional databases management skills, including proficiency in MS Office applications (Word, Excel, Access, etc.); SQL knowledge a plus

8.       Excellent organizational, administrative and leadership abilities

9.       Ideally, candidates will maintain active membership in an evangelical denomination. Special consideration may be given to members of the Christian and Missionary Alliance

General Expectations:

1.       Personal relationship with Jesus, a vibrant Christian faith, and a commitment to Christian community; capable of sharing faith and engaging in conversations about Christ

2.       Demonstrate Simpson University Values in the performance of all duties

3.       Maintain lifestyle in accordance with Simpson University Lifestyle Policy in Staff Handbook

4.       Maintain the confidentiality of information, data and records

5.       Properly exercise tact, diplomacy, discretion, and professional judgment

6.       Demonstrate good organizational and communication skills in the performance of job duties

7.       Supervises employees in accordance with Simpson University policies and procedures (for supervisory positions)

8.       Support the overflow needs of other departments within the respective university area

9.       Perform other duties in accordance with this position as deemed necessary by the President

Essential Functions:

1.       Develop financial strategy, benchmarks and ongoing developing and monitoring of control systems of the University

2.       Ensure the integrity of the internal financial control structure of the University

3.       Issue timely and accurate statements and reports to leadership, board of trustees and external constituencies

4.       Develop and manage the University budget, consistently monitoring performance and adjusting accordingly

5.       Develop and monitor performance measures that support the University’s strategic direction

6.       Provide leadership, administrative oversight and policy/protocol/process development for corporate finance and information technology departments; includes participation in recruitment, selections, and supervision of both areas

7.       Oversee the University’s transaction processing systems

8.       Responsible for implementing institutional financial best practices

9.       Lead the development of long-term financial strategies aligned with the university’s mission

10.    Oversee annual budgeting, forecasting, and multi-year financial modeling

11.    Manage cash flow, endowment, debt service, and risk management

12.    Ensure compliance with federal/state financial regulations and accreditation requirements

13.    Collaborate on tuition pricing, enrollment planning, and financial aid strategy

14.    Interface with the Board of Trustees Business and Finance, and Audit Committee Chairs

15.    Supervise audits, insurance, capital projects, and bond financing

16.    Partner with academic and administrative leaders to align resources with priorities

17.    Monitor cash balances and cash forecasts

18.    Ensure record keeping meets requirements of auditors and government agencies

19.    Confirms appropriate insurance coverage is maintained at the University

Related Responsibilities:

1.         Maintain banking relationships

2.         Maintain relations with external auditors

3.         Maintain in-depth relations with all members of the management team

4.         Report risk issues to the audit committee of the board of directors

Physical Requirements:

Job Title :

Chief Financial Officer

Typical Working Conditions:
(Describe environment including exposure to heat, cold, fumes, chemicals, allergens, mold, etc.)

Indoors in controlled environment

Equipment Used:
(List all manual and automated equipment used in the course of performing essential functions.)

Computer, scanner, copier, mouse, keyboard, stapler, 3-hole punch, letter opener

Essential Physical Tasks:
(List all physical tasks encountered in performing essential functions - i.e. sitting for long periods of time using a computer, standing, climbing ladders, etc.)

Sitting for long periods of time using a computer

Analysis of Physical Demands to Perform Essential Functions:

Key (Based on typical week):

N=Never
R=Rarely (Less than 1 hour per week)
O=Occasional (1%-33% of time)

F=Frequent (34%-66% of time)
C=Constant (over 66% of time)

Activity

Frequency

Activity

Frequency

N

R

O

F

C

N

R

O

F

C

Lifting/Carrying

Twisting/Turning

Under 10 lbs

X

Reach over shoulder

X

11-20 lbs

X

Reach over head