Chief Financial Officer

Central State University; United States; On-site; USD 140,000 - 210,000; Full time

Job summary

Central State University seeks a Chief Financial Officer to provide strategic direction for the Division of Finance and ensure financial health across the institution. The CFO will oversee budgeting, planning, and fiduciary operations, reporting to the COO with collaboration with the president and cabinet.

The role involves long-term budgeting, revenue planning (tuition, state funds, grants), and comprehensive financial management for the university and related entities.

Qualifications

• Bachelor’s degree from an accredited college or university.
• Minimum of 10 years of progressively responsible high-level public-sector finance and administration.
• Experience in managing fiscal, financial and capital budgets and projects.
• Extensive knowledge of public sector budget processes, accounting principles, and practices.

Responsibilities

• Develop and maintain yearly plans and forecasts; allocate resources and manage fiscal accountability.
• Lead development of the annual operating budget with deans, chairs, and units.
• Provide annual budget and periodic information to the president and Board of Trustees.
• Represent the university to state education and budget offices on budget matters.
• Manage financial audits for the university and affiliated entities.
• Oversee monthly, quarterly, and annual financial statements and cash flow.

Skills

Interpersonal skills

Communication skills

Priority management

Collaboration

Problem solving

Public finance knowledge

Education

Bachelor’s degree

Job description

Please see Special Instructions for more details.

Work Authorization: Applicants must be legally authorized to work in the United States at the time of hire and throughout their employment. The University is not able to sponsor employment visas for this position now or in the future.

Background Check: All offers of employment at Central State University are contingent upon the successful completion of a comprehensive background check. This may include, but is not limited to, verification of education and employment history, criminal history check, driving record (if applicable), drug screening, and tax compliance review.

Certain positions may require additional screenings based on job responsibilities, regulatory requirements, or funding sources.

Failure to successfully complete the required background check or provide accurate and complete information may result in withdrawal of an offer or termination of employment.

Department Administration & Finance

Department Contact Email [e-mail]

Job Summary

The Chief Financial Officer provides strategic direction of division responsibilities and ensures the financial health of the institution as well as oversight of the fiscal planning and fiduciary operation of the University through proper management, direction, control and coordination for all financial activities of the Division of Finance. The position reports to the Chief Operating Officer with substantial collaboration with the president and may be a member of the president’s cabinet.

The CFO will develop and execute short- and long-term strategic budgeting and financial planning efforts related to university revenue including tuition, fees, room and board, state appropriated grants, Land Grant funds and all other revenue for the University.

This is a full-time, exempt, senior leadership position.

Duties and Responsibilities

• Develop and maintain yearly plans and periodic forecasts; allocate fiscal resources and manage the elements of fiscal accountability.
• Lead development of the annual operating budget in collaboration with deans, department chairs, and administrative units.
• Provide annual budget and periodic information as necessary to the president and Board of Trustees regarding all financial matters.
• Represent the institution to the Ohio Department of Higher Education and Ohio Office of Budget and Management on budgetary matters and participates in statewide committees and initiatives.
• Assesses finance impact of policy, fiscal and operational issues; perform complex budgetary, management and financial analysis.
• Lead all financial audits for university and university affiliated organizations.
• Ensure timely preparation and accuracy of monthly, quarterly, and annual financial statements.
• Overall managerial oversight of all University financial operations, from daily payments and student accounts receipts, to working capital cash position, short-term and long-term investments, to debt issuance and capital structure.
• Report on financial results and key metrics against appropriate base comparison (prior year budget forecast, in-depth analysis to prepare and present projection and deviations from plan).
• Provide administrative management to the following offices: Budget, Controller, Management.
• Manage institutional cash flow, banking relationships, and short-term investments.
• Oversee endowment reporting in coordination with the investment committee and/or outside investment managers.
• Evaluate debt financing options, manage existing debt obligations, and maintain favorable credit ratings.
• Provide overall leadership and management responsibility for the centralized financial functions, including, but not limited to, monetary asset management (cash management), financial accounting, financial reporting, external audit, accounts payable, accounts receivable, fixed assets accounting, capital budgets, and financial statements.
• Participate and collaborate in the negotiation of major contracts for services, lease of property or facilities, major construction and renovation projects with diverse vendors, sale or purchase of real estate, and other key transactions relevant to the fiscal status of the University.
• Lead the evaluation and enhancement of the University’s risk management framework, identify and mitigate financial risks.
• Oversee and evaluate current insurance programs, ensure adequate coverage and compliance.
• Perform other duties assigned.

Minimum Qualifications

• Bachelor’s degree from an accredited college or university
• Minimum of 10 years of progressively responsible high-level public-sector finance and administration
• Experience in managing fiscal, financial and capital budgets and projects
• Extensive knowledge of public sector budget processes, accounting principles, and practices.
• Strong budgetary, financial, and statistical expertise

REQUIRED KNOWLEDGE , SKILLS AND ABILITIES

• Excellent interpersonal relationships with all internal and external stakeholders, staff, faculty, students, professional colleagues, and others within the community.
• Excellent communication skills both verbal and written
• Ability to manage several priorities and departments
• Ability to maintain an atmosphere of cooperation, sharing, and tolerance
• Ability to define problems and recommend alternative solutions
• Extensive knowledge of public finance policies and procedures related to the fiscal activities of a state university or other public sector institution with complex fiscal and financial responsibilities.

Preferred Qualifications

• Prior CFO or VP of Finance experience in a higher education institution, preferably at a small or mid-size college or university.
• Extensive knowledge of state of Ohio budget processes and state of Ohio accounting principles and practices
• Familiarity with Title IV federal financial aid regulations and related compliance requirements
• Familiarity with Higher Education Enterprise Resource management system especially Banner

Budgeted Annual Salary Commensurate with experience

Special Instructions to Applicants

Work Authorization: Applicants must be legally authorized to work in the United States at the time of hire and throughout their employment. The University is not able to sponsor employment visas for this position now or in the future.

Background Check: All offers of employment at Central State University are contingent upon the successful completion of a comprehensive background check. This may include, but is not limited to, verification of education and employment history, criminal history check, driving record (if applicable), drug screening, and tax compliance review.

Certain positions may require additional screenings based on job responsibilities, regulatory requirements, or funding sources.

Failure to successfully complete the required background check or provide accurate and complete information may result in withdrawal of an offer or termination of employment.

Supplemental Questions

Required fields are indicated with an asterisk (*).