- Develop and implement financial strategies, goals, and policies in alignment with the university's mission, vision, and long-term objectives.
- Provide strategic financial guidance to the President, Board of Trustees, and other key stakeholders to support informed decision-making.
- Prepare and present accurate financial reports, forecasts, and analyses to senior leadership, ensuring transparency and accountability.
- Lead the annual budgeting process, working closely with department heads to develop comprehensive budgets that support academic and operational needs.
- Monitor budget performance, identify areas of concern or opportunity, and provide recommendations for adjustments or reallocation of resources.
- Collaborate with stakeholders to optimize the equitable allocation of financial resources, ensuring the efficient and effective use of funds across the university.
- Oversee financial operations, including accounting, accounts payable, accounts receivable, and procurement, ensuring accuracy, timeliness, and compliance with relevant laws, regulations, and policies.
- Establish and maintain effective internal controls to safeguard the university's financial assets and prevent fraud or misappropriation of funds.
- Collaborate with auditors and regulatory bodies to facilitate financial audits, reviews, and reporting, ensuring compliance and adherence to best practices.
- Develop and implement investment strategies to maximize returns on the university's endowment and other financial assets, while managing risks appropriately.
- Monitor investment performance and market trends, providing recommendations to the President and Board of Trustees for adjustments to investment portfolios.
- Identify and assess financial risks, including market volatility, liquidity risks, and compliance risks, and implement risk mitigation strategies to protect the university's financial health.
- Oversight for IT and Facilities departments
- Performs other duties as assigned.
- In-depth knowledge of financial management principles, practices, and regulations within the higher education industry.
- Strong understanding of budgeting, financial planning, and resource allocation processes.
- Proficiency in financial analysis, forecasting, and reporting techniques.
- Excellent leadership and managerial skills, with the ability to effectively lead and develop a diverse and inclusive team.
- Exceptional strategic thinking and problem-solving abilities to drive financial and operational improvements.
- Advanced knowledge of investment strategies, risk management, and compliance in the context of higher education finance.
- Strong communication and presentation skills, with the ability to effectively convey complex financial information to non-financial stakeholders.
- Proficiency in financial software systems and tools, as well as Microsoft Office Suite.
- A minimum of 10 years of progressive experience in financial management, preferably in higher education or a related field.
- Proven track record in strategic financial planning, budgeting, and resource allocation.
- Experience in managing complex financial operations and implementing internal controls.
- Demonstrated success in investment management and optimizing returns on endowment funds.
- Experience in leading financial audits, compliance reviews, and reporting processes.
- Bachelor's degree in finance, accounting, business administration, or a related field. A master's degree in a relevant discipline is highly desirable.
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VP&CFO-Finance & Administration - Kenmore, United States - Bastyr University
Description
Position Summary:
Reporting directly to the President, The Vice President of Finance and Administration/CFO is a key leadership role, responsible for overseeing all aspects of financial management, strategic planning, and administrative operations.
This position requires a seasoned finance professional with a strong track record in higher education or a related field, who can provide strategic financial guidance, optimize resource allocation, ensure compliance, and drive financial sustainability.
The successful candidate will play a pivotal role in shaping the university's financial future and contributing to its overall success.
Essential Job Duties:
Other Responsibilities:
Knowledge, Skills, and Abilities:
Experience:
Education:
Benefits:
All regular employees (faculty and staff) who work at least 20 hours a week in a permanent position are full benefits eligible.
These employees are eligible for health care benefits, retirement, flexible spending account plans, supplemental insurance, free tuition credits, and all paid leaves.
Eligibility for the tuition credit benefits starts after 12 months of continuous employment. To learn more details, visit our benefits page.Supplemental Information:
Bastyr University believes that inclusive diversity is essential for achieving academic excellence and creating a profoundly enriching university experience.
Our faculty and staff are committed to achieving our mission by educating students to be future leaders that bring the natural health arts and sciences to people from all backgrounds.
Promoting an educational environment that allows students, faculty and staff to develop their talents while experiencing a sense of community, we expect campus members to engage in respectful communication, behaviors and thoughtful self-reflection, increase their understanding of cultures and empower people who are disenfranchised, marginalized or oppressed.
In so doing, the University pledges to prepare our students (and support faculty and staff) to recognize and appropriately respond to health inequities that affect multiple communities.
This involves infusing DEI knowledge, skills, and practices in all academic programs, clinical training and patient services.In all, Bastyr University is dedicated to the welfare of our students and patients as well as to promoting equal opportunity and access in education and health care.
In alignment with Bastyr's DEI commitment, applications from members of underrepresented groups are encouraged.
Bastyr University does not discriminate against any person in matters of employment, application for employment, student or applicant for admission, or participation in our programs or benefits on the basis of the following protected classes: ancestry, gender, gender identity or expression, sexual orientation, race, creed, color, religion (includes religious dress and grooming practices), sex (includes pregnancy, childbirth, breastfeeding and/or related medical conditions), ethnic or national origin (includes language use and possession of a driver's license issued to persons unable to prove their presence in the United States is authorized under federal law), age (40 and above), disability (mental and physical, including HIV and AIDS), marital status, genetic information, medical condition (genetic characteristics, cancer or a record or history of cancer), veteran or military status or any other protected category under applicable local, state or federal law.
