Stephens College is seeking a Vice President for Finance. Reporting to the President and serving as a key advisor to the Board of Trustees and liaison to the Finance, Investment, and Audit Committees of the Board, Stephens College is searching for an experienced, professional and creative problem solver to partner with the President and members of the leadership team in developing new financial and operational strategies to address the challenges of private higher education today.
The Vice President for Finance and Administration (VPFA) is responsible and accountable for all financial planning, financial analysis, and financial strategy implementation across the College. S/he directs the financial vision of the College in alignment with its mission and objectives, and tracks the College’s financial performance with respect to long-term operational goals, budgets, and forecasts.
The VPFA is the primary financial advisor and risk manager for the institution. S/he is responsible for the implementation and effectiveness of financial information and control systems; and for managing the liquidity and investment of College funds to optimize cash flow and minimize financial risks. The VPFA manages the College’s endowment and investments, the employee retirement plan, its bond financing, and its external compliance obligations.
The VPFA is responsible for multiple functions and offices on campus, including budget and financial planning, accounting, human resources, and facilities operations. A leader grounded by professional experience executing a systems/operational efficiencies model who has the energy and enthusiasm to collaborate across campus to identify and support entrepreneurial/revenue stream enhancements would be successful in this role.
1. Strategy, Planning, and Management
Provide leadership in the College’s financial forecasting, cost-benefit analysis, budget management, resource allocation, and the securing of new funding as necessary to meet institutional goals and objectives.
Assess and evaluate financial performance through strategic financial modeling with regard to long-term operational goals, budgets and forecasts. Provide insight and recommendations regarding both the short-term and long-term plans of the College. Execute necessary strategies and monitor the outcomes to achieve stated goals.
Engage with the Senior leadership team and other colleagues to establish yearly financial objectives that align with the College’s plan for growth. Particular key areas of collaboration include: partnering with Vice President for Academic Affairs on all financial aspects of academic affairs; working with the VP of Enrollment Management to understand and account for all enrollment projections; and working with the VP of Advancement and staff on tracking and reporting of gifts.
2. Strategic Financial Analysis, Budgeting, and Forecasting
Develop forward-looking models based on analysis of investment needs, cost and revenue structures, and potential ROI. Help drive strategic decision-making for the College’s plans, current operations, and needs.
Develop multi-year budgets to promote financial stability and factor in changes in enrollment as new academic offerings are developed. Identify, develop and execute decision-making based on analysis of business initiatives, program launches and/or new course offerings. Collaborate in evaluating new program/projects, culminating in financial feasibility studies and offering analysis of potential for success and ROI.
Oversee cash, investments and asset management functions. Explore new investment opportunities and provide recommendations on potential returns and risks. Manage cash flow planning process and ensure funds availability.
3. Risk Management and External Compliance
Responsible for annual insurance renewals and risk assessment associated with the College’s coverage.
Oversee banking relationships and assess the investment performance of fund managers. Represent the College to banks, financial partners, other institutions, donors, and auditors.
Advanced degree in finance or related area.
5-years of experience as a CFO in a complex organization, preferably in higher education.
Experience in reallocating resources, reducing expenditures, and finding new sources of revenue.
Familiarity with national trends and best practices in higher education finance, including current strategies in enrollment, tuition discounting, and other drivers of cost and revenue.
Experience working with external auditors, internal controls, and compliance-related issues.
10 years of progressive experience in accounting, finance or budgeting providing strategic financial leadership in a complex organization.
Strong knowledge of strategic financial modeling, analysis, and scenario planning.
Ability to establish metrics tied to financial and institutional strategies, monitor progress towards them, and drive desired results.
Demonstrated strategic mindset, including excellent analytical, problem-solving, and interpersonal skills.
Outstanding leadership skills, including communication and presentation skills and the ability to manage and motivate staff.
An open, collaborative management style that builds strong relationships.
Stephens College offers excellent benefits, including vacation/holiday/sick pay, health/dental/life insurance, tuition waiver and College-paid retirement plan.
Qualified applicants must complete an online Stephens College application with a cover letter, resume and three professional references with contact information in PDF format only.
Confidential review of materials will begin immediately and continue until the position is filled. Employment will require a criminal background check.
Stephens College is an equal opportunity employer committed to diversity.
Internal Number: VP-Finance
About Stephens College
Stephens College (www.stephens.edu) is the second-oldest women's college in the country. Recognized for excellence in the creative arts and health sciences, the College’s 50-plus full-time faculty deliver more than 25 majors at the undergraduate level and three graduate programs (including a new Master of Physician Assistant program, and a low-residency M.F.A. in Television and Screenwriting, located at the Jim Henson Studios in Los Angeles). The College comprises three schools: the School of Creative and Performing Arts, the School of Design and the School of Health Sciences.
Stephens College is located at the center of downtown Columbia, Missouri, home to the University of Missouri, with a student enrollment of approximately 35,000. Columbia, with a population of about 115,000, is consistently rated as a top city in which to live because of its educational facilities, health care, cultural opportunities and cost of living.
Stephens College is a member of the American Midwest Conference of the National Association of Intercollegiate Athletics. Student–athletes compete in basketball, competitive dance, cross county, soccer, softball and volleyball. An esports team is also available.