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Higher Ed Administrative Careers - Provosts/Vice Presidents
Scope of Responsibilities
This senior administrator position is responsible for the financial condition and integrity of the institution by overseeing its operating and capital budgets, revenues and expenditures, debt, business plans, and forecasts, and by assuming a strategic role in the overall financial management and improvement initiatives of the institution. The vice president directs the institution’s financial policies, procedures, controls, and reporting systems; maintains viable relationships with lending and other financial institutions; provides for financing the institution’s strategic plan; and ensures legal and regulatory compliance for all accounting and reporting functions in accordance with the institution’s mission, vision, and values by performing the following duties personally or through subordinate managers.
General Duties and Responsibilities
Working closely with the president and other senior administrators on all financial matters related to the institution.
Analyzing the economic condition of the institution and advising on effective allocation of resources to fulfill the institution’s strategic goals and mission.
Leading the process for multi-year budget planning, formation, and allocation by prioritizing and supporting the achievement of goals for academic and administrative units at the institution and by directing and overseeing the development, implementation, and control of the institutional budget.
Recommending new and revised major institutional policies related to the finance and business of the institution.
Directing and overseeing all audits, accounting, purchasing, and financial forecasting.
Directing and overseeing the controller’s functions to assure compliance with generally accepted accounting principles.
Providing monthly written budget reports in a transparent way by translating data into usable information to the president and senior administrative team regarding institutional finance, cost-effectiveness, and benchmarking to assure ongoing quality and financial viability.
In consultation with the president, directing and overseeing the corporation’s annual report.
Directing analysis and preparation of studies and reports regarding both regional and national economic and business conditions that contribute to and/or threaten the institution’s viability and growth.
In consultation with the president and the investment committee and in compliance with board of trustee policies, directing and overseeing the management of the institution’s funds, securities, and assets.
Establishing and maintaining advantageous relationships with lending and other financial institutions.
Engaging in risk management and assessment related to the financial, physical, and environmental health of the institution.
Serving as a member of the institution’s senior administrative team.
Other duties may be assigned such as serving on institutional committees.
Supervise regular and student employees including interviewing, hiring, training, planning, assigning and directing work, coaching, appraising performance, rewarding and disciplining employees, addressing complaints, and resolving
Must have a mindset of mentoring employees under Should be able to lead in a way that sets a good example, promotes teamwork, and encourages a positive, efficient work environment.
A baccalaureate degree in an area related to business, accounting, and fi
Minimum of 8 years of progressive responsibility and successful administrative and financial management experience in a growing, complex organization.
Proven ability to define issues, develop alternatives, and build solutions in a complex environment.
Must have a working understanding of 501(c) (3) non-profit organizations and be committed to the mission of the institution.
Background in GAAP, internal accounting controls, and research/grant accounting.
Excellent budget management
Experience in the management and supervision of personnel, including effective team-building.
Experience with strategic planning, strategic finance, business practices, financial analysis and budgets.
Effective written and verbal communication.
Working knowledge of essential issues related to financing private higher
Collaborative, team-building management style that builds relationships, evokes trust, and leads to accomplishment of the institutional
MBA and/or CPA (or similar certification).
Ten or more years of significant experience as a leader/financial executive with a background in private higher education accounting and financial manageme
Clear and demonstrated record of outstanding leadership, strategic creativity, organizational efficiency, financial acumen and ethical financial management.
Three years of experience in non-profit financial and budgetary managemen