Pierce Mortuary Colleges (PMC)isa non-profit corporation offering post-secondary education to anyone interested in funeral service as a career. PMC is seeking an experienced Chief Financial Officer (CFO) that will work and be based Broadview, Illinois, and serve the three campuses of PMC’S mission and financial needs. The PMC seeks a strategic financial leader to serve as its next Chief Financial Officer (CFO). Reporting directly to the President and CEO and working in close partnership with other senior leadership and the Board of Trustees, the CFO will bring exceptional financial analysis, planning, and systems thinking expertise to a role with exceptional impact on the future of PMC. The CFO directs the financial affairs of the Colleges and plans, organizes, and directs all aspects of the finances of the Organization, including the development of policies and procedures on finance, accounting, insurance, internal controls, budgeting, auditing, and risk management. The incumbent will create and execute long-range strategies to ensure the healthy and balanced growth of the colleges.
The ideal candidate will be an accomplished financial leader, natural collaborator, and gifted manager of people, processes, projects, and systems - an inventive and experienced leader who is well versed in trends in higher education financial management and associated administrative areas. The CFO will possess knowledge of best practices in the areas of finance, accounting, IT, and facilities for Organization’s size and aspirations. An understanding of student financial services and advancement best practices as they relate to overall financial management and strategic planning are also sought. The CFO will have keen strategic planning skills, a thorough understanding of technological tools and processes, financial acumen, a natural bias for action and doing, and a communicative and collegial working style. An advanced degree is preferred. Experience in a higher education environment of similar size and complexity is desirable
JOB SPECIFIC RESULTS
Assumes responsibility for all processes related to the PMC accounting department, including accounting control, cash management, invoice processing, cash position, Federal funds transactions, general ledger, expense accounting, investments, and securities.
Oversee and direct Treasury, audits, tax, accounting, purchasing, real estate, and insurance activities.
Establish, monitor compliance with, and ensure that all policies related to finance, accounting, lending, and deposit operations are current and aligned with all applicable regulations and laws.
Work with all senior staff and College presidents to establish budgets, revenue, expense, and capital expenditure plans and monitor progress toward established goals. Ensure reconciliation of all assigned general ledger accounts.
Review contracts with vendors and service level agreements for favorable terms and ensure compliance with terms and conditions.
Oversee the creation and analysis of statistical and financial reporting that provides insight on expense trends, performance, risks, and opportunities for the colleges and may be used for effective decision making.
Monitor the profitability and utilization of college products and services to identify those with positive ROI. Make recommendations on the continuation or discontinuation of products and services that do or do not meet the needs of the colleges while enhancing the financial results of Pierce Mortuary Colleges.
Serve on the Investment Committee and oversee the investment portfolio of the Organization to achieve above-average earnings and the proper utilization and managing liquidity.
Remains current on accounting conditions that may affect the Organization.
Develop effective working relationships with regulatory agencies and auditors.
Lead all audits, including the financial and financial aid (Title IV) audits. Provide all College required audit records, attestation documentation, supporting documentation, or other documentation necessary to review by auditors.
Lead internal audits to ensure no quality deficiencies, corrective actions, unacceptable documentation exist that may affect the outcome of the annual regulatory audits. An internal audit includes examining, on a test basis, evidence about each College’s compliance with those requirements and performing such other procedures, as considered necessary in the circumstances.
The CFO is responsible for the preparation and fair presentation of the financial statements for the audits; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements.
Responsible for compliance with the requirements of laws, regulations, contracts, and grants applicable to its SFA programs, including compliance requirements regarding Institutional Eligibility and Participation, Reporting; Student Eligibility; Disbursements; Return of Title IV Funds; G5 and Cash Management; and Loan Programs.
GENERAL MANAGEMENT RESULTS
Maintains accounting staff by recruiting, selecting, orienting, and training employees, maintaining a safe and secure work environment, and developing personal growth opportunities.
Mentors staff by providing individual guidance and technical expertise.
Accomplishes staff job results and goals by coaching, counseling, and disciplining employees; communicating job expectations; effectively scheduling staff to meet the PMC needs; planning, monitoring, and appraising job results; conducting training; initiating, coordinating, implementing, and enforcing systems, policies, and procedures.
Develops schedules; assigning and monitoring work; implementing productivity standards; develops and maintains reference manuals; implementing new procedures; keeping COO informed of problems and solutions.
Develops and maintains policies and procedures by assessing practices, identifying strengths and weaknesses. Develops and maintains comprehensive procedures for each position in the accounting department, including at College.
Manages diversity in the workplace by understanding, supporting, and practicing equal employment opportunity regulations and participating in all mandatory training regarding this and related topics.
Minimum of 6 years of similar or related experience.
Experience should show a progression in responsibility and supervision.
Minimum of five years supervising high performing teams. Preferred within a higher education institution.
Advanced degree (Masters or above) with a focus in Finance, Accounting, Economics, or related field.
Worked for a government auditing organization preferred.
Experience and knowledge in Government Auditing Standards required.
Single Audit process experience is required.
Experience in State and Federal regulations, including those that have a direct impact on higher education institutions.
Ability to effectively use technology, including QuickBooks.
Excellent communication skills, including the ability to actively listen, collaborate, and foster trust and cooperation. Ability to create high quality correspondence, policies and procedures using proper sentence structure, punctuation, grammar, and spelling.
Ability to manage multiple projects and assignments simultaneously and meet required deadlines.
Ability to foster positive relations with College leaders, College accounting clerks and internal managers.
Ability to define problems, collect data, establish facts, and draw conclusions while dealing with a variety of abstract and concrete variables.
Ability to work independently.
Note: This job description is not intended to be all-inclusive. Employee may perform other related duties as negotiated to meet the ongoing needs of the Organization
Important:Management reserves the right to change or otherwise modify the functions of this job to meet the needs of the company. Additional duties may also be assigned. Consideration will be given to make reasonable accommodations for individuals with disabilities
To perform this job successfully, an individual must be able to perform each essential duty satisfactory. The requirements listed hereafter are representative of the knowledge, skills, and or abilities required to do this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions
Pierce Mortuary Colleges (PMC) is an Equal Opportunity Employer and Prohibits Discrimination and Harassment of Any Kind: PMC is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at PMC are based on business needs, job requirements, and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. PMC will not tolerate discrimination or harassment based on any of these characteristics. PMC encourages applicants of all ages.
About Pierce Colleges of Funeral Service
When excellence counts...choose Pierce Mortuary Colleges. For over 54 years Pierce Mortuary Colleges has provided outstanding education to students pursuing a career in funeral science.
Pierce Mortuary Colleges offers educational opportunities to those interested in funeral service as a career. Pierce Mortuary Colleges provide the theory portion and practical application of funeral service education preparing the student for entry into the profession and for a State and/or National Board examination enabling anyone to begin or continue apprenticeship or internship for licensure.