Vice President of Finance and Administration
Position Summary
The Vice President of Finance and Administration is a senior leadership position responsible for overseeing financial operations and key administrative functions. This role leads financial planning, budgeting, accounting, financial reporting, cash management, risk management, human resources, payroll, and employee benefits. The Vice President works closely with executive leadership and board committees to support strategic planning, ensure financial accuracy, maintain strong internal controls, and promote long-term financial stability.
Key Responsibilities
- Financial Leadership: Provide financial guidance to executive leadership and board committees, identify financial risks, and recommend strategies to support long-term organizational goals.
- Budgeting and Forecasting: Lead annual budgeting, financial forecasting, variance analysis, and financial performance reviews in collaboration with department and campus leaders.
- Accounting and Reporting: Oversee accounting operations, financial statements, account reconciliations, financial records, and reporting accuracy.
- Audit and Compliance: Coordinate annual audits, maintain effective internal controls, and ensure compliance with applicable financial, tax, and reporting requirements.
- Cash and Risk Management: Oversee cash flow, banking relationships, reserves, insurance, financial risk, and the safeguarding of organizational assets.
- Human Resources and Payroll: Provide oversight of payroll, employee benefits, compensation analysis, and assigned human resources functions.
- Purchasing and Expense Management: Oversee accounts payable, purchasing, expense reimbursements, contracts, and financial approvals to ensure compliance with established budgets and policies.
- Team Leadership: Lead and develop finance and administrative staff, establish consistent procedures, and improve financial systems and processes across multiple locations.
- Executive and Board Support: Prepare financial reports, forecasts, and recommendations to support informed decision-making by executive leadership and board committees.
Qualifications
- Bachelor's degree in accounting, finance, business administration, or a related field.
- At least 10 years of progressively responsible financial or accounting leadership experience.
- Strong knowledge of financial reporting, budgeting, forecasting, accounting principles, audits, internal controls, and cash management.
- Experience overseeing professional staff, payroll, employee benefits, or related administrative functions.
- Proficiency with financial systems, spreadsheets, data analysis, and management reporting.
- Strong analytical, organizational, communication, leadership, and problem-solving skills.
- High level of integrity, discretion, and attention to detail.
Preferred Qualifications
- CPA certification or a master's degree in accounting, finance, business, or a related field.
- Experience in higher education, nonprofit organizations, or similar institutions.
- Experience with restricted funds, endowments, board reporting, and multi-location financial operations.
- Demonstrated success improving financial systems, strengthening internal controls, and developing effective teams.