The Director of Finance and Administration is an integral part of the senior leadership team and is responsible for ensuring the fiscal and operational effectiveness of Bancroft School to support and enhance the educational mission of the School. The Director of Finance and Administration works with the Head of School and Board of Trustees to develop innovative solutions to challenges in the areas of financial strategies, financial analysis, reporting and information dissemination to management, use of appropriate systems and technology, and cost-effective use of resources.
A critical objective is to build a strong partnership with the Head of School and Board of Trustees to ensure that the educational goals of the School and the business/fiscal status of the School are aligned. The Director of Finance and Administration is responsible for the planning, control, accounting and reporting of income, expense, contributed and invested funds of the school. The School’s articles of incorporation provide signatory powers to the Director of Finance and Administration and require compliance with bylaws specifying fiscal management and reporting procedures.
The Director of Finance and Administration manages designated activities including physical plant and grounds, food service, risk management and insurance, transportation, employee compensation and personnel policies, auxiliary programs, facilities leasing, and city, state and federal government compliance. In addition to an office staff of three that includes a staff accountant, human resource manager, and junior accountant, there are six departments who report directly to this leader. Those departments are, operations, bookstore, technology, after care program, summer program, and dining hall.
The Director of Finance and Administration generally attends all regular business meetings of the Board of Trustees, providing full, accurate, and complete management and financial information to assist the Board in meeting its fiduciary responsibilities. S/he also attends all finance, campus development, and audit committee meetings and any ad hoc committees concerning finance, physical plant, or compensation. S/he maintains professional relationships with the School’s banks, lawyers, auditors, investment managers, insurance carriers, architects, contractors, vendors, and government regulators.