Description

The Chief Financial Officer provides strategic leadership and stewardship of the college’s financial resources to ensure longterm institutional sustainability and support the college’s mission.  The CFO oversees financial planning, budgeting, treasury and endowment management, and financial operations while partnering with executive officers to align resource allocation with strategic priorities.  Through transparent communication, datadriven analysis, and sound fiscal judgment, the CFO guides the institution in navigating demographic, regulatory, and market pressures, strengthens financial health, and supports responsible growth and innovation.

Job Functions:
Strategic Financial Stewardship (20%): Maintains financial controls to ensure the financial stability of the college, an operating budget, fixed asset base, and annual cash flow in the nine figures. Ensures that financial activities of the college are conducted within state and federal guidelines. Maintains a positive cash flow and plans and executes funding arrangements necessary for the college to achieve its mission. Provides strategic direction for the financial future of the college, determines contingency plans for reductions in funding streams and explores opportunities for other funding sources to maximize student success.

Financial Oversight (20%): Responsible for the development and control of the overall budget of the college and management of all cash balances. Develops, evaluates, and implements internal controls to protect the asses of the college and provides leadership for external auditing of the college. Directs the development and maintenance of financial and administrative policies and procedures and ensures compliance with state and federal regulations and policies. Directs all college finance and accounting functions to include payroll, AP/AR, and student financial accounts.

Forecasting & Scenario Planning (20%): Own the college’s rolling forecast process and develop scenario models for key drivers (enrollment, net tuition revenue, compensation, inflation, state appropriations, and auxiliary performance).Partner with Enrollment Services to build models for tuition pricing and revenue planning. Forecast net tuition revenue and assess the financial implications of retention, persistence, and completion initiatives. Analyzes institutional transformation system results and provides real time return-on-investment data to aid in decision making.

Capital Planning, Debt Strategy, and Financial Sustainability (20%): Integrate capital planning into the long-range financial plan. Evaluate financing options and affordability: debt capacity, credit impacts, and long-term cash implications. Ensure capital projects are sufficiently funded and meet the requirements of state authorizing entities.

Reporting (15%): Communicate financial plans appropriate for the audience to ensure decision-makers understand assumptions, risks, and financial options. Present financial outlooks, scenarios, and strategic recommendations to president, Area Commission, and executive officers. Build analytic capability within finance to report and monitor key performance indicators.

Other duties as assigned. (5%)

Requirements

Masters degree plus seven years (7) in related experience in financial management, including progression in positions of increasing responsibility.  CPA or CMA preferred.  Doctorate, ABD, or actively pursuing doctoral degree.