East Central College
CFO - Vice President Finance & Administration
Job Label:VP Finance FY25
East Central College has an opening for a Vice President of Finance & Administration (CFO). The Vice President is responsible for providing administrative leadership of the Business Office, Facilities & Grounds, Purchasing, and Auxiliary Enterprises (Food Service and Bookstore). The Vice President oversees the financial business of the college, including levy and bond finances, investment management, budget development and control, revenue and expenditure projections, and audit.
Minimum Qualifications: (A comparable amount of training, education or experience may be substituted for the minimum qualifications.)
Completion of master's degree in business, finance, accounting or related field
Five years budget management or related administrative experience and supervisory leadership experience
Essential Tasks: (Employee must be able to perform the following essential functions to the satisfaction of the employee’s supervisor.)
Advise the President and other administrators regarding the financial operations of the College.
Supervise all personnel assigned, recommending selection, retention, promotion and discharge as appropriate.
Directly administer the development and implementation of the annual budget, including appropriate analysis of issues affecting revenue and/or expenditures, preparation of long-range budget forecasts, administration of budget process, and recommend budget amendments as necessary through the course of each fiscal year.
Review and make recommendations for new and/or revised policies related to college finances and administrative services, including, but not limited to, Section 4.0 of the College Policy Manual, and related procedures.
Annually prepare Composite Financial Index (CFI) for the Higher Learning Commission, analyze and evaluate factors impacting the ratio, prepare and present to the President recommendations for increasing the CFI.
Provide direct administration and leadership for implementation of Strategic Plan initiatives related to institutional finances.
Maintain an internal control system to ensure that financial transactions are based upon established procedures as required by the United States government, the State of Missouri, the college auditors and Board of Trustees' policies and procedures
Oversee the development and preparation of all monthly and annual financial reports for the President of the College and the College Board of Trustees and other reports as required. Present and discuss monthly financial statements at board meetings, to cabinet, and other stakeholders as designated by the President.
Provide leadership/strategic direction regarding development of campus, facilities, and grounds, including the development and continued oversight of deferred maintenance list, with annual presentation to the President of projects recommended for funding and long-range strategies for addressing deferred capital needs.
Coordinate the annual audit, including supplying auditors with all necessary information. Prepare the Management Discussion and Analysis (MDA) component of the audit.
Distribute audited financial statements to banks, rating agencies, clearinghouses, governmental entities, and other stakeholders.
Lead the development of annual changes to the schedule of tuition and fees; develop and present annual recommendation to the President.
Oversee the preparation of Requests for Proposals (RFPs) and Requests for Qualifications (RFQ) in accordance with college policy.
Oversee college funds including daily monitoring, forecasting, investments of funds, and monitoring of pledged collateral. Administer purchasing and investment policies and recommend changes as necessary.
Review and recommend appropriate insurance coverage (casualty, liability, and other coverages, excluding employee benefits) on behalf of the college.
Prepare all fiscal notes/analyses of pending legislation, as requested by the Missouri Department of Higher Education, General Assembly, or other governmental entities.
Review, negotiate, and/or monitor execution of contracts for services.
Review, negotiation, and/or monitor all leases entered by the college; develop and present recommendations for annual renewal of leases.
Work with financial advisor and lending counsel on financing (general obligation bonds, lease purchases, revenue bonds, et al.).
Annually review interest and/or finance charges on credit cards and other credit accounts, renegotiate as applicable, and report table of rates to the President.
Represent the College as an active participant in organizations of chief financial officers of colleges and universities in Missouri.
Serve as liaison with architects, construction manager, contractors, et al. on campus construction projects. Respond to all state funding agency queries.
Perform assigned responsibilities, other related duties, and tasks according to established practices, procedures, techniques, and standards in a safe manner and with minimal supervision.
View full job description here.
East Central College is located about 60 minutes from St. Louis.For more information about visit, www.eastcentral.edu.
East Central College does not discriminate on the basis of race, color, religion, national origin, ancestry, gender, sexual orientation, age, disability, genetic information or veteran status. Inquiries related to employment practices may be directed to Human Resources Director at636-584-6710. East Central College is an equal opportunity employer and provider of employment and training services. Auxiliary aids and services are available upon request to individuals with disabilities.
Benefits:ECC offers a comprehensive benefits package which includes medical, dental, vision and life insurance with no premium cost to the employee for employee only coverage. Missouri Public School Retirement System (PSRS/PEERS) benefits, generous paid leave, ECC tuition waiver for self and immediate family and tuition reimbursement benefits for employee.
Salary will be commensurate with experience.
East Central College is an Equal Opportunity Employer.
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