Vice President for Finance and Administration/ Chief Financial Officer
Location: Kansas City, Missouri
Type: Full Time
Preferred Education: Masters
Employer will assist with relocation costs.
Rockhurst University, a Catholic University in the Jesuit tradition in Kansas City, Missouri, founded in 1910, is ranked #24 among regional universities in the Midwest by U. S. News and World Report. The University, which has an enrollment of approximately 3,600 and a budget of about $65 million, is beginning a national search for its next Vice President for Finance and Administration/ Chief Financial Officer. The University seeks a respectful, collaborative and proactive vice president for finance and administration and chief financial officer who resonates with the University’s mission and will direct the University’s financial activities to fund operations, maximize investments, and increase efficiency. The University wants a strategic leader who has business acumen to help maximize existing revenue streams and to develop new sources of revenue. The new VP must communicate clearly and transparently to educate the University community about its financial situation and encourage an entrepreneurial spirit among faculty and staff. The VPFA must be a measured risk-taker who is willing to experiment while operating the University efficiently and in a fiscally responsible manner. The new VP should be competent with a humble confidence. The VPFA is a key member of the President’s Cabinet and is currently responsible for the business office, endowment management, facilities, human resources, and information technology. This officer additionally supports several board committees and is a key contributor to the university strategic plan and leads the University’s Planning and Budgeting committee.
ROLE OF VICE PRESIDENT FOR FINANCE AND ADMINISTRATION AND CHIEF FINANCIAL OFFICER
Essential Functions and Responsibilities
The VPFA reports directly to the president and serves on the President's Cabinet. This position provides executive level vision, leadership, planning and direction for the business affairs of the University.
Develop long-term cost-effective financing strategies to fund the University programs and services, facilities expansion, operations, and maintenance.
Analyze operations to evaluate performance of the University and its staff in meeting objectives and determine areas of revenue enhancement, cost reduction, program improvement, or policy change.
Direct, plan, and implement policies, objectives, and activities to ensure continuing operations, to maximize returns on investments, and to increase productivity.
Prepare budgets and forecasts for approval, including those for funding and implementation of programs.
Responsible for directing the financial planning, implementation and administration of comprehensive policies and procedures necessary to monitor and maintain the financial stability of the University. As such, the VPFA regularly reports to the president, the Finance Committee and the Board of Trustees on the soundness of financial planning activities, financial conditions affecting the University’s financial performance and plans for responding to indications of financial problems.
Assist in the administration of a comprehensive information technology plan necessary to determine and meet the University's diverse technology needs. The VPFA supervises all business office and related activities, including the controller/accounting functions, human resources, payroll, information technology/computer services, student accounts, investment/endowment management, security, legal, and contractual relationships with third party vendors providing services to the University.
CHALLENGES AND OPPORTUNITIES
Rockhurst, like many small private colleges, faces enrollment and financial challenges that must be addressed. The University has a forward-looking board and a new president who is high energy and strategic. This new VPFA will come to the University as it embarks on the development of a new strategic plan and will partner with the president and other Cabinet members to develop the plan and address the challenges facing the University.
Develop a Balanced Budget
Rockhurst, like many other small colleges, has been fiscally challenged during the last several years with COVID further exacerbating its situation. It currently operates with a structural deficit which it must overcome in the next few years. The new VPFA must work toward balancing the budget within three years or less.
Develop New Sources of Revenue and Increase Existing Revenue
The VPFA will have a business mindset with a goal to increase the margins of all existing sources of revenue as well as to develop new revenue sources. The VPFA must be an effective partner with the provost, VP for enrollment management and VP for advancement to support them in maximizing revenue in their areas
Maintain Efficient, Cost-Effective Operation of the University
The VPFA should review all operations and systems in his/her portfolio to ensure that they are efficient and effective and appropriately taking advantage of technological solutions. The new VP needs to ensure the University has the appropriate policies in place to operate efficiently and fairly.
Be a Key Player in the Development of the New Strategic Plan
The VPFA will be a key player in the development of the new strategic plan and will lead the development of the financial plan working closely with the President, her senior colleagues, and the board.
Provide Leadership to all Direct Reports and Create an Effective Team
The VPFA must have excellent management skills to lead all areas of the division. The VPFA needs to mentor and develop the staff, inspire them to do their best work and ensure that they continue as a high performing team. The VPFA will have a collegial style, effectively communicate with all members of the division and ensure that a high level of customer service is sustained.
Gain Trust and Communicate Effectively with the Campusabout the University’s Finances
The VPFA must be able to gain the trust of the campus and communicate clearly and effectively with all constituencies about finance and facility issues. In addition, the VPFA must have the ability to educate the campus about the implications of various alternative strategies in a clear and transparent manner that promotes understanding and support for the University’s direction and gains faculty support for new sources of revenue.
APPLICANT QUALITIES AND QUALIFICATIONS
Rockhurst seeks candidates for this position who have proven success with strategic financial planning and analysis, budgeting, contract management, investment/endowment management and development of new revenue streams that will strengthen the University. The successful candidate will have an interest in and commitment to the University’s Jesuit Catholic mission. An active approach to leadership by example and influence along with a collaborative, team-oriented, inclusive and highly communicative personal style will be essential skills for this trusted position on the President's Cabinet. For more information about the position, please review the position profile.
Minimum of ten years of relevant, increasing levels of experience and responsibility with financial management and leadership in a higher education or similarly complex, professional environment with a proven history of significant accomplishment.
Minimum of ten years supervisory experience leading teams representing multiple functional areas.
Excellent listening, writing, speaking and analytical skills are required for this position, as are integrity and candor.
Hands-on experience with high level, multi-year financial modeling and analysis that support strategic plans with multiple interdependencies and competing priorities.
Strong knowledge of business and management principles involving strategic financial planning, resource allocation, leadership technique, adept coordination of financial resources, as well as an entrepreneurial mindset.
A bachelor's degree in a relevant field is required. A master's degree and/or CPA is strongly preferred, or a combination of experience and education.
Experience in higher education or a nonprofit setting is preferred.
NOMINATIONS AND APPLICATION PROCESS
Nominations and applications are invited for this position. Review of applications will begin immediately, and candidate material received by September 20, 2022, will be assured full consideration although recruitment will continue until an appointment is announced. Applications (including a cover letter and resume) must be uploaded to: http://lapovsky.hiringthing.com. Lapovsky Consulting is assisting Rockhurst University in this search. For nominations, questions, or additional information, please contact:
Rockhurst University provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or other characteristic protected by federal, state or local laws.
Rockhurst University, a Catholic University in the Jesuit tradition in Kansas City, Missouri, founded in 1910, is ranked #24 among regional universities in the Midwest by U. S. News and World Report. Rockhurst offers a diverse array of bachelor's and graduate programs rooted in Jesuit philosophy and the liberal arts tradition.