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CFO/VP of Administration

Friends University
Wichita, Kansas, United States
Closing date
May 16, 2024

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Job Role
Contract Type
Full Time
Friends University encourages a work-life balance. We offer up to 4 weeks of vacation, 96 hours of sick leave per year, up to 13 1/2 paid holidays, half day Fridays June through July, up to 5% retirement matching, comprehensive benefits package, and free undergraduate tuition for you, your spouse, and your dependents after one year of service.

Friends University is a Christian University of Quaker heritage. Its mission is to equip students to honor God and serve others. Persons serving at Friends are active in their Christian faith, good stewards of resources, and support furtherance of the university's mission, vision and values.

Responsible for the leadership and management of the university's financial operations, is a member of the executive leadership team and President's Cabinet. The CFO/VP of Administration provides executive-level direction for financial planning, budgeting /budget analysis, accounting operations, finance controls and reporting, bonds and reserves, oversight of investment and endowment assets, and management of university audits. The CFO/VP of Administration assumes an active and collaborative role in strategic planning, policy development, forecasting, and resource analysis for the university. Provides oversight to the areas of Finance, Student Account Services, IT and Physical Plant to ensure effective support of the university's needs.

Essential Functions & Responsibilities:
35% Oversees the day-to-day operation of the finance department. Ensure the development, maintenance and dissemination of forecasting, budgeting, and reporting systems that support the strategic objectives. Facilitate the budget development process, work collaboratively with colleagues to develop annual budget recommendations. Oversees and advises on investment activities. Supervises endowment and restricted fund activities, including appropriate use and monitoring. Oversees University debt and makes recommendations. Manage vendor contracts for the institution's global services, such as property and risk policy, utilities, housekeeping services, campus construction, food services, etc.

35% Maintains the integrity of university accounting functions through policy, procedure, and a relevant audit function. Provide tools for financial benchmarking; interpret, convey, and present key financial data and trends. Formulate, construct, and distribute comprehensive profit/cost models for purposes of analysis and evaluation. Primary liaison for legal and accounting/audit/tax services. Ensures compliance with all recognized accounting and financial standards. Ensures the short and long-term financial health of the university.

10% Serves as the senior staff liaison with the Board of Trustees, Audit & Finance, and Investment Committees to facilitate the management of investment and endowment assets. Deploy appropriate policies, identify successful investment managers, and comply with due diligence requirements. Provide ad-hoc analysis and reporting to assist with university decision-making.

10% As a member of the management team, assists in the formulation and execution of the university policies, objectives, and programs. Meet and consult regularly with University department heads, administrators, and faculty members regarding matters of finance and budget administration.

10% Supervises Finance, Student Account Services, Information Technology and Physical Plant Departments. Hires, trains, directs, and evaluates employee performance within each department.

Performance Measurements:
1. Supports and advances the university's Christ-centered mission, vision, and values.
2. Solid understanding of accounting and endowment management.
3. Ability to create and manage university budget.
4. Develop, manage and monitor key metrics that contribute to the financial health of the university.
5. Create, review, and revise polices and processes to support university strategic objectives.
6. Critical thinker and skilled analyst that can handle multiple priorities.
7. Submit weekly/monthly/ quarterly performance reports.
8. Ensures appropriate use and allocation of resources.

Experience: A minimum of 8 to 10 years of experience in finance and/or accounting management with supervision. Higher education and nonprofit experience, a plus.

Education: Master's degree in accounting and/or finance, business, higher education administration or related area. CPA preferred.

Interpersonal Skills: Demonstrated ability to work cooperatively and collaboratively with college faculty, staff, administrators, governing boards and students.

Other Skills: Excellent written, oral and interpersonal communication skills. Effectively communicate complex information to all audiences. Strong computer acumen with experience using Microsoft Office applications, Ellucian Banner, and/or other ERP systems that support higher education.

Physical Requirements: Prolonged periods sitting at a desk and working on a computer. Occasional walking to other buildings across campus and lifting up to 15 pounds.

Work Environment: People who thrive in this environment uphold the mission through the active demonstration of their Christian faith. Highly ethical. Cultivate trust-based relationships, empower staff, and maintain effective administrative support systems. Works cross-functionally and supports campus activities that can fall outside normal business hours. Flexible remote work opportunities.

This Position Description is not a complete statement of all duties and responsibilities comprising the position, many of which are accomplished through support staff. Does not include duties that are occasional in nature and may be assigned on an ad hoc basis.

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