All inquires, expressions of interest and nominations should be forwarded to: email@example.com
Vice President of Finance
Berklee is the preeminent institute of contemporary music and the performing arts, offering undergraduate and graduate degree programs at its campuses in Boston, Massachusetts and Valencia, Spain, and through its award-winning distance learning program, Berklee Online. Dedicated to nurturing the creative and career potential of the world’s most inspired artists, Berklee’s commitment to arts education is reflected in the work of its students, faculty, and alumni—hundreds of whom have been recognized with Grammy, Tony, Oscar, and Emmy awards.
At Berklee, students explore interdisciplinary approaches to music, dance, theater, film, business, healthcare, education, technology, and more. With students and alumni from more than 100 nations and educational partners across the world, we are forging new connections among art forms, musical traditions, and technologies to build a dynamic, diverse, and collaborative global arts community.
Berklee was founded on the revolutionary principle that the best way to prepare students for careers in music is through the study and practice of contemporary music. For 70 years, the college has evolved to reflect the current state of the music industry, leading the way with baccalaureate studies in performance, music business/management, songwriting, music therapy, film scoring, and more.
With a focus on global learning, Berklee’s student body represents more than 100 countries. Berklee has campuses in Boston, Massachusetts, in Valencia, Spain and a new facility in New York City, while Berklee Online serves distance learners worldwide with extension classes and degree-granting programs. Berklee Online is the dominant player in online music education and continues to grow at a rapid pace - more than 1.5 million people worldwide have registered for Berklee massive open online courses.
Berklee’s alumni form an ever-widening network of industry professionals who use their openness, virtuosity, and versatility to take music in surprising new directions. Notable alumni include Quincy Jones, Diana Krall, Juan Luis Guerra, Branford Marsalis, Esperanza Spalding, Aimee Mann, Danilo Pérez, St. Vincent, Gillian Welch, Miguel Zenon, Susan Tedeschi, John Scofield, Imagine Dragons, Arif Mardin, BT, Alan Silvestri, John Mayer, Christian Scott, Howard Shore, and Gary Burton.
Berklee has experienced rapid growth, especially over the past 10 years. More than 6,280 undergraduate students and 480 graduate students are taught by 357 full-time faculty members and 572 part-time faculty members and are supported by a staff of 867. Berklee’s endowment is valued at over $360 million.
The Vice President of Finance (“VP”) will guide Berklee’s financial operations at an exciting time in the College’s history. On June 1, 2016, the Berklee College of Music merged with the Boston Conservatory, forming the new Berklee. With a new vision statement, a new mission statement, and a new strategic plan, the institution is focused on investing behind its new global platform, while ensuring financial sustainability on an ongoing basis.
The VP reports to the Chief Financial Officer and Senior Vice President for Administration and Finance (“SVP”). The VP will oversee a staff of 22 full-time employees and will manage Berklee’s $280 million operating budget.
In partnership with senior leaders across Berklee, the Vice President will be expected to particularly focus on the following areas:
Support the SVP in the continued implementation of zero-based budgeting to align the existing cost structure with the new vision, mission, and strategic plan; the VP will help the institution balance sometimes conflicting priorities (e.g., affordability, strategic investments, and financial sustainability) in the annual budget process;
Help to lead the conversion of core information systems to Workday, including developing critical financial metrics and deeper financial analyses to achieve institutional objectives and deploy resources to support institutional priorities; design and implementation of a robust cost allocation process will be critical in this effort;
Contribute to the creation and implementation of flexible pathways for students to achieve their academic objectives, including the increased use of online education, an area in which Berklee is considered to be a leader, with a well-established and expanding platform;
Strategically plan for and implement innovative and prudent practices, policies, and initiatives in alignment with Berklee’s strategic plan, including meeting financial objectives across programs;
Working in close partnership and collaboration with enrollment leadership, improve the college’s already robust financial planning and forecasting model through better enrollment and financial aid forecasting;
Oversee accounting, including working with auditors and the audit committee;
Oversee budgeting and financial planning, including the annual budgeting process and long-termfinancial forecasting;
Develop and maintain robust financial planning policies and procedures;
In close partnership with college counsel and risk management, oversee a robust compliance and risk management program and continue to develop financial reporting that aligns with the institution’s strategic objectives.
Key success factors
Strong candidates for the position would hold an MBA and/or CPA and would have served in increasingly responsible managerial positions in finance. Experience in education or another nonprofit organization would be a plus. Ideally, candidates would also demonstrate excellence in the following areas:
Increasingly responsible managerial positions, including experience building and scaling small- to medium-sized organizations;
Thorough understanding and broad experience with the full range of business functions and systems including business analysis, finance and budgeting, and financial information systems;
Strong understanding of and experience with strategic financial management, annual budgeting and planning process, financial forecasting, and internal controls;
Experience overseeing long-range financial planning and projections;
Outstanding ability to translate financial strategy into tactics and to be able to connect institutional strategic priorities into financial priorities
Ability to think strategically, anticipate future consequences and trends, and incorporate them into financial planning;
Proven track record of success facilitating progressive organizational change and staff development;
Strong judgment and problem-solving skills, including negotiation and conflict resolution; and
Comfort managing budgets, including the ability to prioritize and allocate resources.
Collaborative management style
High degree of comfort with a complex and fast-paced work environment, including a nimble,flexible, adaptable, working style;
Talent for building relationships across an institution to facilitate synergistic problem-solvingtoward achieving institutional and financial priorities
Ability to implement change with direct reports while collaborating with strategic partners in other areas toward a broad, strategic mandate;
High level of cultural competence and values, ethics, and principles that align with the Berklee community, in which every voice is valued and respected and where a diverse, inclusive, work and learning environment is essential;
Exceptional interpersonal and communication skills, including listening and presenting; and
Excellent leadership abilities and the judgment and confidence to successfully make and implement decisions.
Highest standard of ethics and integrity;
Focus on student service;
Commitment to Berklee’s vision to nurture the growth of the world’s most inspired artists so that they may fully realize their artistic, creative, and career potential
Enthusiasm for joining a strong leadership team to advance the strategic direction for Berklee at a time of extraordinary opportunity;and
An appreciation for music and the arts.
All inquiries, expressions of interest, and nominations should be forwarded to:
Internal Number: 1366
About Berklee College of Music
The mission of Berklee College of Music is to educate, train, and develop students to excel in music as a career. Developing the musicianship of all our students is the foundation of our curriculum. We believe that the lessons and qualities derived from that work?the self-discipline needed for excellence, the empathy required of music making and the openness and inquisitiveness essential to creativity?are critical to achievement in any pursuit, musical or otherwise; and that music is a powerful catalyst for personal growth, which is central to any collegiate experience. Founded on jazz and popular music rooted in the African cultural diaspora, our comprehensive curriculum is distinctly contemporary in its content and approach, and embraces the principal musical movements of our time. Through a course of scholarly and practical learning experiences integrating performance and writing, our curriculum covers the variety of influential styles, relevant technologies, and career opportunities open to today's music professional.