Vice President for Finance & Chief Financial Officer
April 3, 2018
Albany, New York
Commensurate with experience
Full Time - Experienced
4 Year Degree
Closing Date: April 30, 2018
Excelsior College seeks a dynamic and visionary leader to head our fiscal operations as the Vice President for Finance and Chief Financial Officer! The ideal candidate for this position will be an experienced financial leader with the appropriate combination of financial acumen, administrative leadership and entrepreneurial vision that will enable the College to succeed in an increasingly competitive higher education environment.
This is a full-time position with competitive benefits based in 7 Columbia Circle, Albany, NY.
The Vice President, Finance (CFO) reports to the President, serves as a member of the Executive Staff, and is responsible for leading the Fiscal Office and overseeing the attainment of the College’s overall financial objectives. The CFO’s key responsibilities include leading and communicating College financial strategy; policy and planning, including all financial, budgeting, treasury/cash management, financial reporting and tracking; and investment management for the College. The CFO is responsible for providing appropriate financial-related reports, recommendations and analysis, including those related to the strategy and financial condition of the College, to the Board of Trustees (BOT), including the Budget and Finance Committee, Audit Committee; as well as to College leadership to ensure alignment in achieving the College’s financial objectives.
Develops multi-year strategies to optimize the College’s financial position, striking a balance between strategic objectives, financial objectives, operating needs and regulatory compliance. Adjusts financial strategies as institution and other conditions change. Provides finance thought-leadership to the Executive Staff and Board of Trustees.
Accountable for accurate preparation of the College’s annual operational and capital budgets and appropriate multi-year financial plans. Responsible for preparation of the IRS 990 forms, Statement of Activities, Statement of Financial Position, and other monthly and annual financial reports and/or other key performance and regulatory reports as appropriate and required.
Presents to Excelsior College Executive Staff and Board of Trustees as required. Has frequent interaction with Board members and other key constituents discussing finance and related business matters.
Coordinates activities of the BOT’s Budget and Finance Committee and Audit Committee, including frequent interaction with the Committee Chairs and preparation of appropriate reports and other key documents including: the annual budget, financial forecasts and results, investment fund performance, key financial-related metrics and audit and internal control activities.
Responsible for reporting and forecasting in all finance areas in a manner that optimizes the College’s financial position, including the development of effective financial forecasting models. Provides appropriate business insights into drivers of results and forecasts, and transparency into potential risks and opportunities. Reports in a manner that leverages the most effective systems and tools, meets functional needs, while meeting institutional and regulatory standards for process and timing. Keeps President, Board Chair and Executive Staff appropriately apprised of key performance and other critical metrics in order to provide appropriate financial transparency.
Ensures transparency throughout the College relative to financial and other key institution performance tracking metrics so that all constituents have the appropriate information about the College’s performance.
Has overall responsibility for financial systems and technology to ensure that they enable the necessary level of performance metric tracking and reporting; including the ability to evaluate and implement the systems that transform the College to where it needs to be in this area.
Through process improvement and organizational design, improves the efficiency and effectiveness of the fiscal function.
Accountable for maintaining the appropriate environment of internal financial controls in all aspects of the fiscal function.
Oversees external audit relationship and the governance of the College financial matters to ensure their appropriate handling in accordance with accounting policies and procedures.
Oversees and manages, in consultation with Investment Managers and BOT Budget & Finance Committee, the College’s investment funds to ensure the appropriate balance of security with financial return.
Leads the various fiscal units, including Accounts Payable, Purchasing, Budget, Contracts management, Vendor management and Treasury/banking functions.
Determines adequate insurance protection and policies including liability, property and directors’ and officers’ liability protection.
Oversees Capital Expense and Budget management.
Works in partnership with the General Counsel to negotiate and review contracts for the College.
Works closely and communicates effectively with other Executive Staff members to ensure that information and support needs are consistently met and that College operations run smoothly and key strategic goals are met.
Has a clear mission and strategic plan for the function, and maintains a motivated, high-performing organization. Evaluates talent and effectively implements the College’s performance management practices. Actively develops finance talent and contributes to the development of future finance leaders.
Ensures team members clearly understand their roles and are motivated to achieve goals and objectives.
Other duties as needed and assigned.
Bachelor’s Degree from a regionally accredited institution required; Master’s degree, preferably an MBA, and CPA designation highly desirable AND
A minimum of ten to fifteen years of financial management experience, including demonstrated executive leadership experience in a fast changing, competitive, uncertain, complex and ambiguous environment OR comparable level of education and experience.
A strong entrepreneurial focus on developing more effective and efficient means of accomplishing a complex and sometimes ambiguous objective; change management, process improvement and financial systems and tools experience.
Experience working in an academic environment is highly desirable.
Strong competencies in transformational and authentic leadership that includes effectively working at all levels – from the Board of Trustees to the front-line Fiscal staff.
Experience with Enterprise Financial System implementation and usage.
Strong oral and written communication skills
Demonstrated ability to work with multiple, diverse stakeholders across complex departments and organizations.
Proven ability to work independently and with initiative.
Ability to manage multiple tasks and priorities effectively.
Strong organization and decision making skills.
Demonstrate creativity, enthusiasm, passion and openness to innovation.
Ability to master a wide body of knowledge and information.
Employer will assist with relocation costs.
About Excelsior College
About Excelsior College
Excelsior College is a regionally accredited, nonprofit distance learning institution founded in 1971 focused on providing educational opportunity to adult learners.
Excelsior College provides educational opportunity to adult learners with an emphasis on those historically underrepresented in higher education. The College meets students where they are — academically and geographically, offering quality instruction and the assessment of learning.
Accessibility and Completion - Excelsior provides programs and services that meet students where they are academically and geographically, and provide support services needed for completion.
Affordability - Excelsior prudently manages its resources to invest in people and offer high-quality education credentials at an affordable price.
Excellence - Excelsior expects a collaborative effort and full engagement from all to develop and provide programs of exceptional value to students and employers.
Trustworthiness - Excelsior values and practices integrity and honesty in our relationships with students, each other, and the communities we serve.
Equity and Inclusion - Excelsior practic...es inclusion by welcoming and valuing all students, staff members, and faculty members in our learning community, and providing them with educational opportunities.
Collaboration - Members of the Excelsior community work together to develop, deliver, and sustain high-quality academic products and services for students.
Excelsior College is a provider of choice for adults seeking access to higher education and academic success, and it is a model for addressing societal and workforce needs.
Excelsior offers more than 30 degree and certificate programs across five schools: Business, Health Sciences, Liberal Arts, Nursing, Public Service, and Technology. Each school has dedicated advisors to foster and promote your academic success and a renown faculty providing relevant programs for your career advancement and goals.
Excelsior College was founded in 1971 by the New York State Board of Regents, and was originally known as the Regents External Degree Program (REX). Initial development of the College was funded by major grants from the Ford Foundation and the Carnegie Corporation. From 1971 until 1998, Regents College (as it became known in 1986) operated as a program of the Board of Regents (which also served as its board of trustees) and under the authority of The University of the State of New York by which degrees and diplomas were awarded during that period.
In April 1998, the Board of Regents granted the College a charter to operate as a private, nonprofit, independent institution and on January 1, 2001, Regents College changed its name to Excelsior College. Today, an independent board of trustees governs Excelsior College and it is comprised of prominent individuals in the fields of education, business, and the professions from across the United States.