Chief Financial Officer

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Base pay range

$190,000.00/yr - $220,000.00/yr

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Sandy Spring Friends School (SSFS) is a progressive, coeducational, college preparatory Quaker school serving students from preschool (age three) through 12th grade.

Founded in 1961, SSFS offers a deep and rigorous academic curriculum, character education rooted in universal Quaker principles, and a diverse and international student body that reflects today's global community. SSFS has 275+ students and approximately 170 faculty and staff members with 140-acre campus nestled between Washington D.C. and Baltimore, the serenity of Sandy Spring Friends School is amplified by the nearby bustle. Pastoral, light-filled, and functional, the forested SSFS campus includes academic and administrative buildings, the historic Meeting House, faculty residences, a state-of-the-art performing arts center, an athletics center (including a fitness center and climbing wall), sports fields, a swimming pond, and an aerial park.

The School’s financial position is strong, with an annual operating budget of approximately $19 million.

Equity, Justice, and Belonging at SSFS (statement)

Here at Sandy Spring Friends School, one of the things we’re most known for—and that we intentionally foster—is a sense of belonging for our students, faculty, and staff. We see diversity as a strength that enriches all that we do. We’re a diverse community, but more important than numbers or stats, we actively foster a culture of inclusivity that values multiple perspectives and is supported by transformational dialogue and civic engagement. Our approach is an important part of our Quaker values.

The Chief Financial Officer’s Direct Reports Include:

Controller

Director of Auxiliary Programs

Director of IT

Director of Facilities & Transportation

Supervisor of Security

Director of Human Resources

The next CFO will be expected to:

Ensure all aspects of the School’s financial management and accounting functions as a 501(c) (3) not-for-profit institution reflect sound and prudent stewardship and compliance with regulatory agencies.

With the Head of School and Board of Trustees, plan the operating and capital budgets and develop a long-term sustainable economic model to maintain and advance the financial stability of the school and implement the strategic plan

Lead the budgeting process and collaborate with all stakeholders in the creation of their departmental budgets and produce the final budget in a timely manner.

Establish and maintain a plan and calendar to prepare annual budgets, providing monthly reports, such as operating statements and reports of expenditures, for each budget center.

Review monthly financial statements to include general ledger account balances and activity detail, endowment, and cash summaries, and prepare and present the same to the Head of School, Treasurer, and Board of Trustees.

Review annual financial statements to include end of year general ledger account balances and activity detail, student accounts receivables, bookstore and prepaid inventory/assets, and accounts payables.

Support the Advancement office will capital and annual fund planning and parent council and alumnae inquiries and events.

Propose and maintain investment vehicles for liquid, secure, and optimum short-term management of the school’s cash balances; propose and maintain qualified, competitive banking relationships.

Prepare local and national historic comparative revenue and expense data and trends as reported to NSSFS for Finance Committee review and consideration.

Lead and oversee all Risk Management, minimize the School’s exposure to liability and make sure there is adequate and appropriate coverage.

Represent the School in its RFP's and contractual arrangements for all aspects of its outsourced professional services to include: financial, governmental, health and human resources, legal, architectural, engineering, construction, furnishings, insurance, cafeteria, and custodial services.

Serve in the capacity of owners’ representative to local municipal and regulatory agencies for purposes of securing land development and building approvals for all township departments, neighborhood associations etc.

Identify and initiate enhancements to the School’s physical plant that will preserve, replace, or increase asset value and institutional flexibility and functionality; maintain annual levels of PPRSM (Provision for Plant Replacement and Special Maintenance) funding to accomplish this objective; secure proposals, review and approve renovation/construction plans and products to facilitate enhancements.

Work with all Director(s) of Admissions & Enrollment on projecting enrollment and financial aid.

Collaborate with the Director of Human Resources on development and implementation of strategies to improve the School’s hiring processes and financial and operational performance.

Support the Director of Summer Camps with goal setting and in securing and approving physical and personnel resources required for successful implementation of auxiliary programs.

OPPORTUNITIES AND CHALLENGES

The next CFO will have the opportunity to lead in the following areas:

Enrollment and Costs: SSFS operates from a sound position within the highly competitive Washington DC - Baltimore area independent school market. Working with the Head of School, senior leadership, and the Board, the CFO will help identify ways to further distinguish SSFS and present options and implement strategies to identify additional sources of revenue, manage and control costs, and manage tuition rates. In addition, the CFO will partner closely with the enrollment team with focus on net tuition revenue and allocation of the tuition discount.

Philanthropic partnerships: SSFS is currently in a period of growth, including the execution of a fundraising campaign focused on endowment. The CFO will possess the ability to communicate effectively with donors and other external constituents, boosting confidence in the School’s ability to appropriately serve as a good steward of philanthropic investment. The CFO will also partner with colleagues in the Advancement office to ensure smooth internal processes around philanthropic donations.

Leading teams:

The CFO will lead as an essential part of the institution, creating a dynamic partnership between the business side and operational side of the School w/ a highly customer-service-focus.

Ensuring efficient operations:

Will lead the implementation of new technology, processes, and initiatives to improve the efficiency and impact of campus operations.

Will ensure that processes are well coordinated across the institution, align with priorities, safeguard its assets, and minimize institutional risks and costs.

Will also serve as the chief liaison with SSFS’s outside investment and legal counsel.

Advancing Equity, Justice, and Belonging within the SSFS community:

Will support the Director of IEJB will promote a culture and environment in which all members of the SSFS community, diverse in myriad aspects of background and worldview, are not only welcomed but viewed as essential in the pursuit of academic excellence.

Desired Qualifications and Characteristics

Accomplishments in complex, strategic financial planning and execution, a proven ability to affect and influence change through a collaborative and inclusive style, and excellent communication and presentation skills.

Outwardly facing, speak and communicate effectively with a wide range of constituencies (trustees, students, faculty, parents, alumnae, donors, community).

Willing and able to make difficult, timely, and financially responsible decisions with the ability to comprehend, articulate, and resolve risk, legal, and institutional considerations in all decision making.

Possess strong project management skills, from planning to execution.

An ability to work collaboratively within a diverse community with multiple constituencies and to build cooperation and consensus is essential.

Requirements:

Education

Bachelor’s Degree in Accounting, Business, or related field; CPA or MBA preferred.

Experience

A minimum of 15 years total professional experience within an independent school, higher education, or other values-driven environment is preferred.

Strong experience and expertise of Financial Planning and Analysis (FP & A)

Extensive experience with budgeting and monthly closings.

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing, Finance, and Management

• Industries

  Higher Education, Primary and Secondary Education, and Education

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Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

Tuition assistance

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