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CFO

Position Type Administrator
School Name Stevens Cooperative School
City, State Hoboken, NJ 
Posted 10/23/2017

The Chief Financial Officer is responsible for all aspects of the school’s financial operations and for establishing a tone and culture of financial and operational excellence at the school. Working collaboratively with the Head of School, the Board of Trustees and the Leadership Team, the CFO works to ensure congruence between the financial and business operations of the school, its mission, core values and strategic initiatives. The CFO must understand and appreciate the balance between the business elements of the school and its educational purpose. The CFO provides school-wide leadership, analysis and management of the school’s finances, in addition to leadership of critical operational areas of the school, and establishes financial and operational strategies that enhance the value proposition of the institution. The CFO reports to the Head of School and is a member of the Leadership Team. In addition, the CFO:

  • Ensures that standard and accepted accounting and bookkeeping practices are in place to allow a continuous record of the financial position of the school, and to ensure the institution’s financial stability and tax exempt status.

  • Is responsible for the timely preparation and distribution of financial reports and for ensuring that the school is in compliance with all legal requirements.

  • Oversees the school’s banking activities; payroll and benefits programs; school purchasing; the acquisition of bids for outside services of a certain level.

  • Maintains the school’s relationships with relevant financial institutions, the school’s legal counsel and independent auditors; reviews these relationships periodically; and secures an annual audit of the school’s financial records and position.

  • Establishes and manages a plan and schedule for the preparation of the succeeding year’s annual budget, including the setting of tuitions and other variables, to allow for the approval of the Board at the January meeting.

  • Works with budget managers to develop proposed office and department budgets for finance committee approval.

  • Oversees the business office of two and facilities.

  • Collaborates on efforts in risk management at the school, establishing emergency protocols and plans to ensure, as possible, the safety of all staff, students and visitors in their use of the campus; ensures that appropriate levels of insurance are maintained to protect the school’s property and to cover the school’s liability.

  • Evaluate and adjust as needed the system used in the billing and collection of accounts and timely payment of invoices; ensure that dealings with parents and faculty are done in a positive manner

  • Evaluate, assess, and direct the negotiation of employee benefits and property and casualty insurance

  • Is responsible for timely upkeep and review of the Staff Handbook and for portions of the Faculty Handbook.

  • Stays abreast of policy developments, national, state and local labor law, and best practices in independent schools.

  • Ensures compliance with local, federal and state laws and regulations impacting compensation and benefit administration

  • Partners with the Advancement Team as a resource in the establishment and achievement of team objectives.

  • Partners with the Admissions Office in enrollment management and in the development of financial aid strategies.

  • Meets with each direct report and collectively as a department to establish and address key strategic and ground level issues and create action plans to fulfill them

  • Provides support and timely information to the Finance, Audit, Space and Investment Committees of the Board of Trustees.

  • Is responsible for the completion of annual surveys or other reports that are relevant to institutional bench-marking and data-driven decision making.

  • Participates in professional associations.

  • Seeks and participates in opportunities for professional growth and networking to be fully engaged in discovering, considering, pursuing and implementing, as appropriate, best practices in this role.

  • Attends board of trustee meetings.

The CFO position starts immediately and candidates should send a cover letter and resume to the head of school’s attention, Dr. Sergio Alati, at Sergio@stevenscoop.org.  


 


 

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