Associate Vice President and Chief Financial Officer

Summary of Position

The Associate Vice President and Chief Financial Officer at Augsburg University serves a key leadership role leading financial forecasting planning monitoring and reporting to support the Universitys overall strategic and operational success. The position also provides strategic financial leadership for Luther Seminary as part of a shared services agreement between Luther Seminary and Augsburg. The CFO reports to Augsburgs Vice President and Chief Operating Officer serves on the University Presidents Leadership Team and is the primary staff liaison to the Board of Regents Finance Investment and Audit committees. The CFO provides oversight of the universitys $70 million endowment and $75 million annual operating budget leads a team of eight Augsburg staff responsible for accounting financial planning and student accounts and provides work direction for the Luther Seminary controller and business office personnel.

Primary Responsibilities

• Direct and oversee financial activities and controls protecting and facilitating the growth of the Universitys financial and capital assets.
• Collaborate with the President and executive leadership team to develop and monitor the Universitys strategic net tuition growth plans and annual budget.
• Maintain and update financial models that analyze and track enrollment and net tuition revenue nontuition revenue and expenses to update budgets and forecasts.
• Partner with academic and enrollment leadership to recommend annual tuition fees financial aid targets and pricing for residential contracts and meal plans.
• Collaborate with Institutional Advancement to help set fundraising priorities.
• Develop and monitor the Universitys multiyear financial model and benchmarking reports to measure financial position and support the Universitys ongoing financial health and sustainability.
• Foster a culture of budget management leadership guide investment strategy and oversee compliance with financial reporting requirements.
• Prepare and present financial updates and financial policy recommendations to the Board of Regents and the Boards Finance Committee; collaborate with committee chairs to lead and facilitate Finance Investment and Audit committee meetings including developing agendas preparing minutes and materials.
• Manage the Universitys debt portfolio and banking relationships; ensure timely debt service payments and compliance reporting. Prepare and present materials for annual surveillance and rating calls with rating agencies.
• Oversee and analyze monthly cash inflow and outflow results and project and manage future liquidity and lineofcredit borrowing needs.

Luther Seminary Services

• Provide regular financial reports for the Seminarys executive leadership team including risk and opportunity analyses related to initiatives or issued being addressed by the leadership team.
• Prepare and present financial updates to the Luther Seminary Finance Committee and to the Board of Regents/Board of Directors as a whole; lead Finance Committee meetings and distribute minutes and materials to committee members.
• Develop annual budget for review by leadership and formal approval from the board. Maintain a multiyear operational and financial projection that provides clarity about the financial outcomes of strategic decisions and initiatives.
• Manage the relationship with auditors tax service providers and banker representatives. Ensure appropriate compliance reporting.
• Serve as the primary point of contact for the Outsourced Chief Investment Officer to guide asset allocation endowment spending drawdown analyses and other strategic matters.

Team Leadership

• Provide strong leadership for the Augsburg finance and accounting team supporting professional growth and collaboration across the department. Ensure appropriate policies procedures and internal controls as well as timely and accurate month and yearend close processes.
• Provide leadership guidance and oversight of management reporting financial planning and credit card program management tasks performed by Financial Analyst.
• Oversee the Augsburg Student Account team responsible for student billing collections and student debt policies and practices.
• Provide work direction and mentoring for Luther Seminary controller and business office personnel.

Work Environment and Physical Demands

• Typical work environment is an office. Sedentary work for long periods of time.
• Regular computer and phone use.
• Long or irregular hours. Periodic night and weekend hours.

Qualifications :

Minimum Qualifications

• Bachelors degree in business accounting finance or related field.
• Ten 10 or more years of progressive financial management responsibility in higher education or similarly complex organization with at least five 5 of those years in a finance leadership role.

Preferred Qualifications

• Masters or Doctoral degree in business administration public administration or related field preferred.
• Certified Public Accountant licensure (active or inactive) strongly preferred.

Knowledge Skills Abilities

• Demonstrated competence in financial reporting and internal controls development of financial and budget planning models and benchmarking tools.
• Proficiency with financial database management systems reporting tools ERP systems and Microsoft Office suite.
• Strong written and oral communication skills. Demonstrated analytical skills and the ability to synthesize complex data for a variety of audiences.
• Excellent interpersonal organizational and networking skills with a proven track record of building effective relationships across functional areas and with external and community partners. 
• Record of integrity honesty and trustworthiness; demonstrated ability to lead highperformance teams and to prioritize in a fastpaced environment with superb attention to detail.
• Ability to work effectively in a diverse work environment.

Additional Information :

Application Requirements

Please submit a resume and cover letter to be considered for this position. 

Compensation and Benefits at Augsburg

• The compensation range is $180000 $230000 per year DOQ.

Augsburg University offers a competitive and comprehensive total rewards program including: 

• Medical dental and vision coverage
• A generous 403(b) matching program with an employer contributions of up to 8 upon eligibility
• Up to 100 tuition remission for employees spouses and dependents and participation in the Tuition Exchange program with colleges and universities throughout the US
• Generous paid timeoff including 14 paid holidays 12 sick days 2 community service days and vacation of up to 22 days per year immediately upon hire
• Employerpaid STD LTD and life insurance
• Employee Assistance Program (EAP) for all employees

Equal Opportunity and Affirmative Action Statement

Augsburg is an equal opportunity employer and does not discriminate on the basis of gender sexual orientation marital status gender identity race age disability religion national origin color or any other protected class.  

Augsburg University is committed to providing equal employment opportunity to all applicants and employees regardless of their race color creed religion gender age national origin familial status disability veteran status sexual orientation gender identity gender expression marital status or public assistance status or any other characteristic protected by federal state or local law. 

If you need a reasonable accommodation to complete our application process please contact our Human Resources Department at phone number:or email:

Remote Work :

No

Employment Type :

Fulltime