Open Posting: Vice President of Business Affairs & Chief Financial Officer
Department: Business Office
Classification: Exempt, Full time
MacMurray College is an independent, four-year, residential, baccalaureate college with a strong liberal arts tradition located in the affordable, safe and stimulating city of Jacksonville, Illinois. For more than 170 years, MacMurray College has been committed to prepare graduates for satisfying and productive professional careers, providing the tools needed for effective leadership and encouraging individual growth throughout one’s education and future endeavors.
MacMurray College invites applications for Vice President of Business Affairs and Chief Financial Officer (CFO), pending approval. The Vice President of Business Affairs and Chief Financial Officer (CFO) reports directly to the President and serves as a key member of the Senior Administrative team. The Vice President of Business Affairs & CFO directs the overall financial and accounting practices of MacMurray College, oversees all accounting system controls and standards, ensures accurate and timely financial and statistical reports for management and Board use, and is responsible for safeguarding and upholding meticulous fiscal practices. This position has overall responsibility for administering the College’s annual operating budget and works closely with the President to formulate the institution's fiscal strategies by recommending and implementing policies and strategies to ensure the institution's continued financial strength. The Vice President of Business Affairs & CFO directs and coordinates treasury, accounting, budget, tax and audit, payroll, accounts payable/receivable, capital projects, administrative services, purchasing, human resources, and information technology.
Duties and Responsibilities
- Create, coordinate, and evaluate the financial programs and supporting information systems of the College to include budgeting, planning, investments, cash flow, and conservation of assets.
- Direct the preparation of all financial reports, including income statements, balance sheets, reports to the President and Board of Trustees, tax returns, and reports for government regulatory agencies.
- Oversee accounting departments, budget preparation, and audit functions and meet regularly with budget managers to keep them informed and offer direction.
- Review reports to analyze projections of income and expenses against actual figures, budgeted expenses against final totals, and suggest methods of improving the planning process as appropriate.
- Monitor the investment of funds in keeping with Board of Trustee directives and work with banks and/or investment bankers to obtain additional capital as required for operations and/or expansion.
- Ensure compliance with local, state, and federal reporting requirements.
- Oversee the approval and processing of revenue, expenditure, and position control documents, mass salary updates, general ledger structure, account maintenance, and data entry.
- Provide the President with recommendations based on the analysis of College operations to pinpoint opportunities and areas that need to be expanded, reorganized, down-sized, or eliminated.
- In consultation with the Director of Human Resources and aligned with approved budgets, design and implement competitive compensation plans that are administered in a fair, consistent, and sustainable manner across the entire College.
- Develop and implement finance, accounting, billing, and auditing procedures.
- Establish and maintain appropriate internal control safeguards and ensure records systems are maintained in accordance with generally-accepted auditing standards.
- Collaborate with other Vice Presidents, Deans, and/or Directors to provide consultative support for planning initiatives through financial and management information analyses, reports, and recommendations.
- Develop and direct the implementation of strategic business and/or operational plans, projects, programs, and systems, in consultation with the President.
- Provide institutional supervision to partnership managers in Facilities, Groundskeeping, Food Service, and the Bookstore.
- Supervise, promote the professional development of, and evaluate all direct reports.
- Other duties as assigned that are reasonably within the scope of this position.
Education and Experience
- Advanced degree required: MS, MBA, or PhD in Business, Economics, Finance, Accountancy, or appropriate field; CPA preferred.
- Minimum of five years of senior-level experience in higher education, not-for-profit or for-profit business operations at CFO, Assistant CFO, or equivalent level.
Knowledge, Skills and Abilities
- Collaborative style of leadership which encourages teamwork and interaction among varying constituencies.
- Demonstrated skills in computer technology in financial and management applications and the application of business and information systems.
- Evidence of successful experience in developing and managing budgets as well as superior analytical skills.
- Excellent interpersonal, oral, and written communication skills, including the ability to explain complex concepts such as budgets, the budgeting process, and other fiscal issues to diverse groups as well as communicate effectively with members of governing boards and legislators.
- Must have a positive, collaborative attitude; the ability to manage multiple priorities; proactive communication style; demonstrated problem solving skills; and the ability to work well with all levels of personnel in the organization.
MacMurray College is an equal opportunity employer. All qualified candidates are encouraged to apply and will receive equal consideration for employment without regard to race, color, national origin, religion, sex, pregnancy, marital status, sexual orientation, gender identity, age physical or mental disability or covered veteran status. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire. The College will not sponsor applicants for work visas. Interested applicants may send a brief cover letter describing your interest in this position, a résumé outlining your qualification for the position, and contact information including e-mail addresses for three professional references. Any finalist for the position must successfully pass a background screening. Applications will be reviewed immediately. All materials should be sent to: HR@mac.ed