CHIEF FINANCIAL OFFICER - UNH
- Employer
- University of New Hampshire
- Location
- New Hampshire, United States
- Salary
- Not specified
- Date posted
- Mar 15, 2019
View more
- Position Type
- Administrative, Business & Administrative Affairs, Financial Affairs
- Employment Level
- Executive
- Employment Type
- Full Time
CHIEF FINANCIAL OFFICER - UNH
Location: UNH, Durham, NH
Department: UNH President's Office [UGPRES]
Posting Number/Job Order #: PS1170FY19
Summary of Position:
The Chief Financial Officer (CFO) reports to the President and serves as a key advisor to the President's Executive team, Cabinet, critical campus stakeholders, and the University System of New Hampshire (USNH) financial team. The individual is responsible and accountable for all financial planning, financial analysis, and financial strategy implementation. The CFO directs the financial vision of the University in alignment with its mission and objectives, evaluating the University's financial performance with respect to long term operational goals, budgets, and forecasts. UNH works in a Responsibility Centered Management (RCM) model of budgeting, under which our revenue-generating units are responsible for managing their own revenues and expenditures and has a total operating budget of $640M.
The CFO is the primary financial risk manager and financial officer for the institution, leading implementation and effectiveness of financial information systems and other control systems; affirming compliance with contractual financial obligations; and managing the liquidity and investment of University funds to optimize cash flow and minimize financial risks. Provides financial oversight for the capital budget, including those that involve a variety of funding and debt strategies. Provides leadership and oversight for the development and implementation of policies, procedures, and standards ensuring adequate internal controls and compliance with state and federal statutes.
The CFO oversees several functional areas of service, including
budget and financial planning, accounting systems and
controllership functions, financial management and financial risk
management.
Additional Job Information:
Acceptable minimum level of education:
Master's
Acceptable minimum years of experience: 10+ years
Other minimum qualifications:
• Master’s degree
• 15 years in a senior‐level finance or accounting position with
deep experience in strategic planning and execution, budgeting and
cost control principles.
• Strong knowledge of strategic financial modeling, analysis, and
scenario planning.
• Ability to establish metrics tied to financial and institutional
strategies, monitor progress towards them, and drive desired
results.
• Proven track record for visionary leadership during
organizational growth.
• Demonstrated strategic mindset, including excellent analytical,
problem-solving, and interpersonal skills.
• Proven experience in evaluating to manage and/or upgrade
accounting and enterprise systems/processes
• Outstanding leadership ability, including communication and
presentation skills, confidence, and executive presence, including
the ability to manage and motivate staff.
• An open, collaborative and engaging management style that builds
strong relationships both across the campus and throughout the
surrounding communities, other campuses and system teams.
Additional Preferred Qualifications:
• Advanced degree in finance and professional certifications (MBA,
Masters in Accounting, Certified Public Accountant and/or Certified
Management Accountant)
• Systems implementation experience.
• Experience in reallocating resources, reducing expenditures, and
finding new sources of revenue.
• Familiarity with national trends and best practices in higher
education finance, including current strategies in enrollment,
tuition discounting, and other drivers of cost and revenue.
• The successful candidate will also have demonstrated a commitment
for promoting excellence to achieving ethnic, gender and cultural
diversity.
Duties / Responsibilities:
- Strategy, Planning, and Management
• Assess and evaluate financial performance through strategic financial modeling regarding long-term operational goals, budgets and forecasts. Provide insight and recommendations regarding both the short-term and long-term plans of the University. Execute necessary strategies and monitor the outcomes to achieve stated goals. - Engage with Senior Leadership Team and other colleagues to establish yearly financial objectives that align with the University’s plan for growth and expansion. Key areas of collaboration include: partnering with the Provost and Academic Leadership on all financial aspects of academic affairs; working with the VP of Enrollment Management to understand and account for overall University enrollment projections; and working with the VP of Advancement and staff on tracking and reporting of gifts. Working with all auxiliary functions and other critical stakeholders to ensure delivery of financial metrics.
- Establish strong relationship with USNH and the
Trustees.
- Strategic Financial Analysis, Budgeting, and Forecasting
• Develop forward-looking models based on analysis of investment needs, cost and revenue structures, and potential ROI. Apply preferred model to help drive strategic decision-making for the University’s plans, current operations, and needs based on evaluation of findings. - Develop multi-year budgets to promote financial stability and
factor in changes in enrollment as new academic offerings are
developed. Identify, develop and execute decision-making based on
analysis of business initiatives, program launches and/or new
course offerings. Collaborate in evaluating new program/projects,
culminating in financial feasibility studies and offering analysis
of potential for success and ROI.
- Internal Operations
• Facilitate cultural shift among all reporting units to ground operations in strategic financial analysis in addition to budgeting and accounting principles. - Oversee cash, investments and asset management functions. Explore new investment opportunities and provide recommendations on potential returns and risks. Manage cash flow planning process and ensure funds availability.
- Develop a financial and operational strategy, metrics tied to
that strategy and the ongoing development and monitoring of control
systems designed to preserve university assets, report accurate
financial results, monitor adherence to the budget and develop long
term financial and operational strategies.
- Risk Management and External Compliance
• Perform risk management by analyzing the university’s liabilities and investments and ensure compliance regarding all financial functions. - Design and implement an overall risk management process for the
university, which includes an analysis of the financial impact on
the university when risks occur.
Salary Information:
Salary is complemented by a comprehensive benefits package which includes medical, dental, retirement, tuition, and paid time off.
Percent Time Information (FTE): 1.0
Grade: E2
Institution Information:
Posting Date: 02/07/2019
Open Until Filled: Yes
Closing Date:
Posting Open to Internal Candidates Only?: No
Interested Internal Candidates Exist?: No
Job Category: Salaried Staff (Exempt)
Appointment Type: Regular
If TERM position provide projected end date:
Equipment/Instruments:
DOT Safety Information: None applicable
To apply, visit https://jobs.usnh.edu/postings/32277
The University System of New Hampshire is an Equal Opportunity/Equal Access/Affirmative Action employer. The University System is committed to creating an environment that values and supports diversity and inclusiveness across our campus communities and encourages applications from qualified individuals who will help us achieve this mission. The University System prohibits discrimination on the basis of race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, veteran status, or marital status. Application by members of all underrepresented groups is encouraged. Hiring is contingent upon eligibility to work in the U.S.
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