The Vice President for Finance and Administration (VPFA) advises the President on all matters pertaining to the management and operation of the financial future of the college, including: accounting, accounts receivable, accounts payable, budget management and control, payroll, student financial aid disbursement, budget preparation, budget modeling, financial information systems, credit management, collections, fiscal planning, and financial statement preparation. The VPFA exercises a major responsibility for the finances of the College and advises the Board of Trustees on the financial status, budget, predictive financial modeling, and overall financial stability and health of the College. The VPFA helps to promote a customer-oriented service attitude and serves as the executive officer directly responsible for providing leadership and general management of the following service units: Finance, Campus Technology, Facilities including construction management, Student Financial Planning, Food Service, insurance management, Campus Safety, Event Services, Payroll and the Campus Bookstore. The VPFA serves as chief business and financial officer, which includes, but is not limited to the following:
Promotes the financial well-being of the College by providing budget management, monitoring appropriate investments of temporary cash balances, exercising executive control over College budgets, and safeguarding all financial assets of the College.
Advises the President, senior College administration officers, and members of the Board of Trustees on issues relating to the financial status of the College by serving as a member of the President’s Director Reports, President’s Cabinet, reporting financial information at Board of Trustees meetings, including by advising the following committees of the Board of Trustees: Assets & Resources, Audit, Facilities, and Investment. The VPFA prepares reports, budget forecasts, makes recommendations on areas within the division, addresses any audit findings, and other issues that affect the financial, physical plant, or safety of the College.
Directs the development of the institutional operating budget in collaboration with the President, Provost, VP for Enrollment Management, Athletics, Human Resources, and others.
Oversees the development, implementation and maintenance of the financial accounting system and monthly financial reports.
Oversees procurement, including purchasing, solicitations, departmental procurement cards, property control, mailroom services, real estate acquisitions, risk management and insurance and ensures that proper financial controls are in place and followed.
Ensures compliance with the mission and strategic plan of the College by collaborating with others across the College to develop and review unit plans, goals, and objectives; ensure that those plans are aligned with the budgeting process; developing effective business processes incorporating automation with appropriate technologies; and designing systems of effective controls to guide work toward expected outcomes.
Leads an effective and transparent budgeting process to ensure that divisions have the funds necessary to meet needs and to fund prioritized strategic initiatives.
Participates in the institutional strategic planning efforts and coordinates the development of the budget to further those efforts.
Serves as an innovative and inspirational leader to focus the College on proper financial management and financial sustainability.
Provides general supervision of endowment administration.
Oversees the administrative operations of the College’s investment program, including communications with investment consultants, coordinates with the Board’s Investment Subcommittee to ensure compliance with investment guidelines, and financial reporting requirements.
Negotiates and supervise all outsourcing contracts.
Negotiates all insurance contracts.
Serves as primary legal liaison for College with counsel on legal issues and litigation.
Serves as compliance officer of College for various federal regulations.
Oversees the compliance of all federal grants and contracts and ensures proper reporting for all such grants.
Negotiates all contracts for construction and renovation of facilities.
Serves as Officer in Charge for all construction projects.
Assists Institutional Advancement with foundation and grant requests.
Manages off-campus real estate holdings.
Serves as post-award compliance officer to ensure accurate reporting as required by grants and federal contracts.
Serves as Advisor to the President in the capacity of Chief Business Officer, Chief Financial Officer and Chief Administrative Officer.
Uses data effectively and efficiently to make evidence-based decisions and recommendations to ensure the financial security of the College.
Hires, trains, develops, and retains staff within the division who operate with integrity, a customer-service focus, and who collaborate across the college to ensure that all processes are run as efficiently as possible and with a focus on the student’s welfare and experience.
Other related duties as assigned.
Oversees and manages any institutional debt, lines of credit, and institutional bonds to ensure compliance with debt covenants and sound operating practices.
Oversees the maintenance and construction of facilities and ensures a process to monitor and evaluate facilities on a regular basis to address deferred maintenance, renovation, and repair needs.
Oversees the development of a 5- or 10-year campus master plan for the expansion and renovation of the campus.
Adheres to General Accepted Accounting Principle (GAAP).
Coordinates with President, Provost, and others to ensure the College meets its financial and other compliance requirements to maintain its accreditation with SACSCOC and other accreditors.
We believe that a diverse faculty and staff are essential to achieving academic excellence; thus, we strongly encourage applications from candidates from all racial, ethnic and cultural backgrounds.
QUALIFICATIONS: Minimum of seven years progressive financial leadership experience in a complex institution, preferably a nonprofit and a strong preference for experience in higher education. BA in Accounting or Finance required, as is CPA. Master’s degree in related area is strongly preferred.
Personal qualifications and skills:
Strong leadership skills with a focus on creating a team that operates with the highest level of integrity and that operates in the best interest of the College and its students.
Excellent written and oral communication skills.
High level of knowledge and understanding of higher education.
Specific skills include:
innovation and resourcefulness.
ability to collaborate .
ability to lead by influence.
honest, direct communication style.
demonstrated leadership skills and abilities.
proven track record of quality and integrity.
expertise in current financial methodology and regulations.
significant experience in or knowledge of GAAP and FASB accounting, including sophisticated fund and grant accounting, compliance and reporting.
knowledge of and commitment to equal employment opportunity, diversity, and inclusion.
knowledge of establishing metrics including analysis of leading and lagging indicators.
ability and willingness to delegate effectively and to hold direct reports accountable.
strong interpersonal relations.
skilled decision-maker, with transparency in decision-making and management.
excellent oral, written and presentation skills; exceptional listening skills.
ability to multi-task.
ability to travel, as needed.
Behaviors: The VPFA will exhibit qualities of emotional maturity, genuineness, self-confidence, common sense, judgment, fairness, creativity, discretion, decisiveness, political savvy, diplomacy, tact, resiliency, adaptability, courage of convictions and tolerance for ambiguity. Demonstrated behavioral expectations include:
unquestioned integrity and trustworthiness.
commitment to return on investment/value-added activities. • commitment to the College’s mission and strategic plan.
ability to make good, consistent and fair decisions (based on fact and data).
ability to work with cross-functional teams and to foster teamwork.
Since 1889, Converse has been igniting the voices of students through education that prepares them “to see clearly, decide wisely and act justly.” Our women’s college and our graduate programs for men and women launch passionate global citizens whose energy, creativity and competence bring value to their professions and their communities.
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MFM 550 W. Frontage Road Ste. 3600 Northfield, IL 60093