As a key member of the President’s Leadership Team, the Vice President, Finance plays a significant strategic role in the overall management of the Prep. This executive will have primary day-to-day responsibility for planning, implementing, managing and controlling all finance-related activities of the school. This will include direct responsibility for accounting, finance, forecasting and budgeting, strategic planning, and debt placement and compliance. In addition, this executive is also responsible for human resources, facilities management, food service and information technology.
The Vice President, Finance is responsible for the overall financial operations for the Prep. This includes accounting and finance; budgeting; treasury and cash management; debt placement, negotiation and compliance; planning and analysis; management of legal matters; insurance and risk management and long-range planning. Specifically, this executive will be responsible for ensuring that all financial systems and controls reflect best practices, as well as implementing financial controls and programs that enable the ongoing strength of the school.
The Vice President, Finance oversees the preparation of the annual operating budget, including proposed tuition levels for the school, ensuring that the budget is balanced or in a slight surplus position. This executive drives the business model of the school and ensures that the budget is prepared based on sound financial assumptions and projections. The Vice President, Finance is also responsible for capital budgeting. The Vice President, Finance prepares agendas and discussion material for Finance Committee meetings, which are held four times annually, and for finance topics discussed at Board of Trustees meetings, which are also held four times each year.
Works with the Investment Committee to manage the Prep’s endowment and pension investments and also the school’s unrestricted investments.
Responsible for overseeing design and operation of overall financial control policies and procedures within the organization.
Reviews all contracts and other legal documents for financial implications, prior to execution.
Analyzes financial and economic trends and apprises the President and Finance Committee of their potential impacts on the school.
Assists the President with salary and benefits considerations and in particular works with the President in the faculty salary process.
Provides oversight to the Controller in the preparation of the monthly and annual financial statements for the school.
Oversees change management initiatives and takes intelligent risks in a complex environment.
Evaluates the efficiency of the accounting function and implements appropriate changes in programming and personnel when necessary.
Plays a key role liaising with the Principal on the crucial academic side helping to make strategic investments in learning and being a value-add partner to all departments in the budgeting process.
Works closely with admissions and marketing on the critical areas of attracting, recruiting and retaining students.
Serves as an effective collaborator with the development team to understand the important nuances of the office (e.g.: restricted/unrestricted gifts, repeat donors) and be a business partner in this vital relationship.
Reviews with the Director of Facilities all maintenance and construction projects and real estate acquisitions and disposals, assuring compliance with approved budgets and strategic plans.
Reviews with the Director of Human Resources the various benefits plans including retirement, medical and dental, and life and disability insurance.
Reviews property, liability workers compensation and casualty insurance policies.
Reviews with the Director of Information Technology the data processing functions, financial planning for the purchase of hardware, software, communications systems, and office equipment systems.
In carrying out these responsibilities, the Vice President, Finance will be expected to continuously evaluate short- and long-term strategic financial objectives; produce forecasts and model strategic choices and alternatives. He/She will be a bridge builder who brings an intentional and natural sense of unity and collaboration. The mission of the school permeates all things and the Vice President, Finance will serve all members of the Prep community – students, parents, colleagues, alumni and friends
The Prep seeks an experienced, strategic financial and business operations leader who can connect a high level of financial competence with the mission of the school and who will be a strategic partner to the President and the Board of Trustees. The Vice President, Finance will be committed to serving The Prep’s mission and promoting its vision and strategy.
Seasoned, mature leader and business partner with a strategic orientation and hands-on approach, having at least 15 years of financial management experience in diverse, complex corporate or not for-profit organizations.
Thorough knowledge of accounting principles, practices and practical applications of accounting systems balanced with proficiency in financial planning and analysis, forecasting, capital markets and investments.
Proven experience in the preparation of financial reports and analysis of operations.
Demonstrated experience overseeing administrative functions such as human resources, facilities management, food service and information technology.
Credible investment management experience. Endowment experience a plus. • Effective and clear communicator, both in written and oral communications, who can succinctly and directly explain finances in non-financial terms to diverse internal and external audiences.
Strong understanding of and commitment to the Prep’s mission.
Deep and abiding interest and commitment to social justice, diversity, inclusion and equity.
Hard-working, results-oriented leader who can work in a fast-paced, demanding environment coupled with patience to educate and assist faculty and staff with tasks like budgeting.
Creative, forward thinking and quick intellect coupled with strong business judgment.
Proven track record evaluating systems and streamlining processes to provide more useful information to all internal and external parties.
High energy level, flexible disposition and ability to work well with a wide range of styles and personalities, both internally and externally.
Board level executive presence and able to engage in open and thoughtful discussion and consultation with all constituents in the Prep community.
Able to make connections relationally and collaboratively and understand the why of the Prep.
Impeccable integrity, resourceful, cost conscious, responsive and committed to excellence.
Team-oriented, proactive and collaborative leader who can naturally flex to manage both professional and support staff.
An undergraduate degree in accounting, business administration, finance or economics is required; an advanced degree such as an MBA would be desirable. CPA preferred.
About St. Joseph's Preparatory School
The mission of St. Joseph's Prep as a Catholic, Jesuit, urban, college preparatory school is to develop the minds, hearts, souls and characters of young men in their pursuit of becoming men for and with others.