Vice President for Financial Affairs - Marshall, United States - East Texas Baptist University

Description

Position:
Vice President for Financial Affairs & Chief Financial Officer

Location:
Marshall, TX

Job Id: 282

# of Openings: 1

Vice President for Financial Affairs and Chief Financial Officer
East Texas Baptist University
The Opportunity for Financial Affairs Leadership

The Vice President for Financial Affairs and Chief Financial Officer (CFO) of East Texas Baptist University provides stewardship and fiduciary leadership for all aspects of financial management for a growing Christ-centered university.

The CFO will serve as the senior officer of ETBU responsible for developing, improving, and maintaining the financial systems and business procedures of the University.

The CFO will be expected to create and maintain systems and processes for managing all sources and uses of funds for ETBU.

The CFO will serve as a primary financial advisor and leader at ETBU, creating an environment for revenue growth and expenditures.

The CFO will participate in managing organizational transformation and enhancing a high-demand, results-driven finance culture that positions leaders for institutional success.

The CFO will provide leadership, management, and supervision of approximately ten (10) employees across the Division of Financial Affairs, including accounting, accounts payable/receivable, purchasing, human resources, and risk management.

The CFO will advise senior management across the University in all matters pertaining to financial sustainability, strategy, and success.
Responsibilities for Leadership and Stewardship

Manage and develop Financial Affairs staff and provide cross-departmental collaboration to ensure that financial and human resources systems and solutions support the University's Christ-centered mission.

Serve with the President and Vice President for Advancement and Administrative Affairs as the University's investment management committee, overseeing the endowment, restricted and temporarily restricted accounts, donor funds, and their performance.

Establish and maintain sound financial policies, procedures, systems, and controls for the University to ensure that long term sustainability and multi-year financial planning central to the institutional fiscal strategy.

Manage and oversee all financial functions, including but not limited to, investments, bonds, capital funds, operating cash, credit cards, and other negotiable instruments.

Review, analyze, and attest to the accuracy of monthly income statements, balance sheet, cash flow projection, and variance reports.
Provide leadership and oversight of year-end audits and financial statementsto ensure clean financial audits with an unqualified opinion.

Provide leadership and oversight of the University's compliance programs assuring that the University has the support to remain compliant with all accrediting agencies, state, and federal requirements.

Work with the President and the University Vice Presidents on the financial planning and analysis on budget development, long-term financial projections, pro forma planning, cost benefit analysis, and school/department/program performance-ROI.

Provide the President and the Board of Trustees with strategies and analysis on debt and cash management including tactical and innovative ways of funding debt retirement, unfunded scholarship programs, regular and deferred maintenance, capital replacement and renewal, and capital building projects.

Work with the University auditing firm, accrediting agencies, government and rating agencies on metrics and reporting of the University's financial position.

Deliver timely reports, including dashboards, to the President, Vice Presidents, departmental budget officers, and the Board of Trustees as needed.

Serve on the President's Executive Cabinet and on other campus committees as needed.

This position description does not contain a comprehensive listing of activities, duties, or responsibilities required of the CFO employee and is subject to revision when necessary.

Candidate Profile
The CFO will have the following professional and personal qualifications, skills, qualities, and characteristics:
Qualifications
MBA or related master's degree in accounting, business, or related field is required; CPA, CMA, or other certifications preferred.

Five (5) years working knowledge of Generally Accepted Accounting Principles (GAAP) with understanding and successful practice of accounting rules, requirements, and practices of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).

Five (5) years' experience in financial strategic leadership and/or CFO capacity.
Proficient in Microsoft Windows, Word, and Excel. Experience with Poise/Jenzabar and Raiser's Edge preferred.
Strong typing and 10-key skills are necessary to successfully manage time pressures.
Financial Leadership and Expertise

Possess senior level experience in thefinancial management of higher education institutions with a deep understanding of the financial compliance and regulatory environment in which private colleges and universities operate.

Demonstrate anacute adherence to financial oversight while remaining results-focused, adept at translating ETBU's mission, vision, goals, and strategies into a concise financial plan with measurable benchmarks.

Possess a strong business acumen, with a sophisticated understanding of and ability to analyze and manage a complex and evolving fiscal institutional framework.

Maintain a strong commitment to enhancing financial systems at ETBU, with the ability to assess complex scenarios and present information in a compelling fashion to a variety of audiences, thereby facilitating the institutional success and advancement.

Demonstrate a strong understanding of, and the ability to develop financial systems, which can accurately capture transactions and data in a timely manner.

Apply a data-driven approach to decision making, while demonstrating a willingness to take calculated risks.

Employ a robust analytical skill set to offer guidance, coaching, and direction to the President and the Vice Presidents as to collaboratively seek solutions for budgetary needs.

Possess the ability to critically examine details while maintaining focus on the holistic financial health and sustainability of the University.

Coordinates and leads the month-end and year-end close processes and the annual audit including related reporting requirements.

Ensure accurate and timely processing of petty cash, weekly check and ACH disbursements, wire transfers, employee payroll, and all other payables.

Ensure sufficient property/casualty, general liability, other liability insurance and other risk management coverage at all times for all University buildings, properties, capital equipment, events, functions, and officers.

Approve and/or reviews all bank deposits and merchant account deposits.
Approve all necessary journal entries and inter-department transfers.

Develop and manage the University's annual operating budget process and leads the Vice Presidents and senior departmental budget officers toward a budget proposal for the President and Board of Trustees.

Prepare and present all necessary reports to the Board of Trustees and appropriate committees.

Work in association with the University Advancement and Financial Aid offices to certify proper awarding and accounting of endowed and non-endowed scholarships.

Collaborate with multiple third-party vendors to review group health plan, retirement plan, and other benefit offerings to ensure compliance with state and federal regulations.

Periodically reviews current benefits plan and advises the President on recommendations for adoption.

Exhibit strong communications skills with an effectual ability to convey, verbally and in writing, financial opportunities, processes, strategies, and risks to promote financial health of the University and institutional success.

Display strategic thinking abilities and focus on processes with demonstrated experience successfully using industry-leading, relevant, and innovative financial methods in turbulent, evolving, complex, or novel situations.

Review and redesign existing process flows to ensure adequacy of controls and accuracy of data in the financial database system.

Demonstrate problem solving skills using nuanced, informed, and lasting solutions.
Model and encourage Financial Affairs staff to effectively garner support and participation from necessary stakeholders.
Encourage trust and teamwork among team members while adeptly handling change with flexibility and composure.
Inspire, motivate, and hold accountable faculty and staff to wisely steward all institutional resources.
Demonstrate a collaborative, open, and inquiring style that emboldens institution-wide commitment, participation, innovation, and stewardship.

Build and nurture positive and trusting relationships with University employees, external partners, institutional stakeholders, and local/regional community members to facilitate proactive communication and collaboration across all financial functions.

Be an influential leader with the ability to encourage, elevate, and affirm the effective and efficient performance of the Financial Affairs staff.

Commitment

to the University's Christ-centered Mission and Baptist Faith Tradition

Be a professing Christian believer with a demonstrated personal relationship with Jesus Christ.
Be model of Christ-like character, servant leadership, integrity, ethics, and biblical/moral truths. Adhere to the standards of the University Community Code of Conduct.

Support ETBU's distinct Christ-centered educational mission and share the institutional commitment to the integration of biblical faith and academic learning.

Possess a commitment to Christ-centered, faith-integrated service and devotion to students' intellectual enlightenment, spiritual formation, servant leadership development, and career preparation.

Be cognizant and committed to the values, traditions, and history of Baptists. Serve as an active member of a Baptist church.

If not already an active church member in a local congregation in the East Texas region, following appointment, the candidate of choice will be required to join a Baptist church, which is aligned with and supports the Baptist General Convention of Texas/Texas Baptists.

The CFO may be required to work occasional irregular and extended hours during the workweek.

The CFO is expected to work some nights and weekends to fulfill responsibilities or to represent the University at special events, church and community activities, and outside organization meetings and conferences.

ETBU expects all faculty and staff to become a part of the University community by participating in activities and events that occur on the campus throughout the year, which may occur during evenings and weekends.

Salary and Benefits
Salary will be competitive and commensurate with qualifications, skills, and experience.
ETBU offers competitive compensation and benefits packages to all employees


Our benefit package includes:

excellent healthcare insurance, on-campus health services, generous paid time off, matching 403(b) retirement plan, employee and dependent tuition waiver program, and additional organizational paid benefits, and voluntary benefit offerings.

Salary and benefits will be discussed in more detail as candidates progress through the interview process.

Salary is determined by reviewing a combination of job-related factors that may include: internal/external pay equity, salary structure, and a candidate's qualifications, skills, and experience for the position.

ETBU reserves the right to make salary decisions based on economic and equity considerations.

Please direct Inquiries, Nominations, and Application Materials to:

A letter of interest that clearly states the applicant's qualifications for the position and description of the desire to serve at East Texas Baptist University.

Include in the letter of interest your statement of Christian faith and your personal commitment to Jesus Christ.

The name, title, organization, phone number, mailing address, and email address of five professional references, including a pastor or minister from your church of membership.

Mission Statement

As a Christ-centered institution, East Texas Baptist University educates students by integrating biblical faith and learning to develop mind, body, and soul through community engagement to prepare graduates to be Christian servant leaders in their calling to God and humanity.

University Theme Verse, Proverbs 3:5-6

"Trust in the Lord with all your heart
and lean not on your own understanding;
in all your ways submit to Him,
and He will make your paths straight."
Core Commitments
Embracing Faith
Ensure the integration of biblical faith in curricular and co-curricular experiences including opportunities while embracing our Baptist heritage.
Engaging Minds

Equip students through excellence in teaching, research, and scholarship to explore God's truth and provide the knowledge and skills for academic success, degree completion, employment opportunity, and lifelong learning.

Develop and deploy Christian Servant leaders for their callings to God and to humanity.

Create an environment conducive to the development of the whole person through relevant facilities, resources, and services which allows a diverse and growing community to utilize their God-given gifts both locally and globally.

Vision Statement
The vision of East Texas Baptist University is to stand boldly as a committed Christ-centered institution of higher learning.

In light of the distinct calling to Christian education, the University seeks to inspire and impact students through the renewing of minds and the transformation of hearts for the cause of Christ.

The primary focus of the ETBU educational experience is the development of the whole student–intellectually, spiritually, emotionally, socially, and physically–in an unwavering commitment to the transformation of mind, spirit, and body.

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