Director of Finance
Director of Finance
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1 Vacancy
Job Description
Position Overview:
The Director of Finance is responsible for setting the strategic fiscal direction of the school. Responsibilities include management of the business office to ensure that appropriate financial controls are effectively utilized and accurate reporting is assured. Staff areas of responsibility include finance budgeting planning purchasing collections legal compliance and risk management. Reporting directly to the Head of School the Director manages the Human Resources and Finance Offices. The position requires active interaction and teamwork with the Head of School administrators faculty students staff parents and Board of Directors. The Director of Finance works in close partnership with the Director of Operations and Strategic Priorities to ensure that financial objectives and operational objectives are in harmony.
Essential Functions and Responsibilities:
- The Director of Finance is a member of the leadership team that oversees the development and implementation of strategic goals that define the course of the school. The Director of Finance works closely with the Head of School to address the financial investment and business objectives of the school.
Work with the Head of School senior administrators the faculty staff and the Board of Directors to provide strategic direction and implementation of the schools educational mission that serves the students
Provide financial information and planning that builds understanding and trust among the faculty administration staff and Board of Directors.
Manage and direct the annual operating budget. With the Controller plan and prepare forecasts of financial condition of the school. Report to the Head of School Board of Directors and Finance Committee on the results of the present and future operations. This includes overseeing the ongoing maintenance and updating of the tenyear financial model.
In partnership with the Director of Operations oversee the PPRRSM/Capital Reserve Fund to ensure that it is deployed to meet the strategic needs of the institution.
Manage and direct the daytoday operation of the business office to include payroll accounts receivable accounts payable and accounting functions.
Supervise the work of the business office personnel and use standard accounting (FASB) and bookkeeping procedures to keep an accurate and continuous record of cash and the financial position of Near North. Manage the financial operation of the school so that the institution remains financially stable in a greater context of sustainability. Communicate risks opportunities and trends via the collection of comparative data by creating or participating in school surveys.
With the Controller prepare operating statements for the Head of School and the Board of Directors and provide monthly reports of expenditures for use of each individual budget center within the school.
In concert with the Finance Committee establish a plan and schedule for the preparation of the annual budget that will permit the setting of the succeeding years tuition and compensation at a Board of Directors meeting early in the calendar year.
With the Controller and Audit Committee provide for the securing of an annual audit of the schools financial records and financial positions.
Oversee all the school purchasing and contracts financial investments banking activities payroll and benefits program.
Oversee the schools financial investments including endowment. Implement the investment decisions of the Investment Committee of the Board of Directors.
Provide staff/liaison support in conjunction with the Head of School to the Audit Finance and Investment Committees of the Board of Directors. Document all committee meetings
Establish review revise and ensure legal compliance and risk mitigation with regard to the following practices procedures and publications of the school.
Pension documentation
Health Insurance Information
Employee Handbook
Parent and Student Handbook
Enrollment Agreements
Employment Agreements
Employment Policies
Exempt/NonExempt Employee Status
Nondiscrimination policies
Fingerprinting requirements
Truth in Lending Act (TILA) compliance
Policy regarding tuition collections
Data Security policies and procedures
990 policies
Document retention and destruction policies and procedures
Conflict of Interest policy
Donor agreements
Americans with Disabilities Act (ADA) issues related to personnel admissions enrollment and accommodations
Medical policies and procedures
Safe Harbor Act and rebuttable presumption
Report and collect data to and from the school associations (NAIS iSACS INDEX etc. and manage surveys of data from the benchmark groups.
Assist the Head of School with decisions regarding salaries and benefits for all personnel including the evaluation of support staff.
Complete annual evaluations of all members of the Finance office
Serve as a member of the Leadership Council & Senior Leadership Team
Represent the school at various regional state and national associations relative to the role of the CFO/Business Manager. Act as the schools liaison with appropriate local officials. Serve on committees task forces and study groups as needed.
Support faculty staff and school leadership.
Perform other duties as assigned by the Head of School.
Qualifications :
Education
- Bachelors Degree required; an advanced degree in a related field is preferred
- MBA or CPA preferred
Experience
Prior direct experience as a Director of School Finance/ Chief Financial Officer is highly desirable
Specific Skills Required
Ability to integrate effectively into the culture of notforprofit independent schools while implementing strategies and tactics necessary for successful operations of the business
Significant experience with increasing responsibility supervising other personnel and managing multiple projects and programs
Strong management negotiation and project management skills
Experience managing a budget
An open and collaborative work style
A positive outlook and a sense of humor
A high level of integrity and a strong work ethic
Discretion and the ability to handle confidential and sensitive matters appropriately
State of the art computer skills; facility with Google applications including Google Docs Google Calendar Gmail Google Presentation Google Spreadsheet; facility working with databases such as Blackbaud
Ability to travel if needed as well as attend events on evenings and weekends
Flexibility with working evenings weekends & holidays as assigned
Proficiency in Microsoft Office Word PowerPoint and Excel as well as Canva and Constant Contact or willingness to quickly learn and become intimately familiar with these platforms
Proficiency in Google Suite
Additional Information :
The starting salary for this role is $120000 annually based on skills and experience.
Near North Montessori believes that each individual is entitled to equal employment opportunity without regard to race color religion gender national origin age disability genetic information sexual orientation ancestry veteran status or any other characteristic protected under federal state or local antidiscrimination laws. The Schools equal employment opportunity practices extend to recruitment hiring selection compensation benefits transfer conditions and privileges of employment.
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
