The Emporia State University Foundation (ESUF) supports the University in its private fundraising and charitable efforts for the purpose of supplementing and enhancing University programs, activities and educational opportunities.
The Chief Financial Officer (CFO) is responsible for leading the ESUF financial team into the future while reinforcing the core values of the Emporia State University Foundation and assuring quality services to students, faculty, staff, and donors. This is a senior management position requiring extensive financial and operational knowledge. The CFO will directly report to the vice president of stewardship and administration to assist in the overall leadership and direction of the organization. The CFO will ensure the effective utilization of financial resources in a manner that is consistent with the mission and values of ESUF in support of the Foundation’s objectives of increasing revenue, controlling expenses, improving alumni giving and donor retention rates, and attracting new donors and new gifts.
The CFO reports directly to the vice president for stewardship and administration of the Emporia State University Foundation. S/he supervises two direct reports (controller, accounting assistant). The CFO will closely collaborate with the director of data analysis and reporting, the director of donor relations, and with university colleagues in fiscal affairs, alumni relations, academic affairs, athletics and other campus areas to build strong relationships with Emporia State’s donors.
PRIMARY JOB DUTIES
Assume responsibility for the administration and management of the finance/accounting department and the overall financial functions of the ESUF and the ESU Alumni Association (which includes, but is not limited to, payroll, accounts payable, cash management, financial reporting, budgeting, and investment management). Oversee compliance and recognition for all contracts. Adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace.
Provide financial and business information and support for the CEO, executive staff, and the Board of Directors. Inform an annual board vote to determine the spending rate in accordance with UPMIFA.
Provide staff leadership of the Finance Committee, Investment Committee, and Audit Committee. Prepare briefings and reports for these meetings and provide information and insight to the various members of the committees.
Through oversight and leadership of the financial operation, ensure accurate accounting records and compliance with generally accepted accounting principles.
Through continuing education and networking with peers, remain up-to-date on nonprofit fiscal management best practices and applicable state and federal laws.
Serve as the staff expert for non-cash gifts and stay in constant communication with development officers, attorneys, insurance agents and/or donors to successfully accept these gifts.
Provide the assistance and supervision necessary for all operational departments to have the tools necessary for them to manage the financial aspects of their departments.
Serve as the liaison for lending institutions and banks.
Lead our financial interactions with Emporia State University.
Lead the annual external audit.
Evaluate and mitigate financial risk. Establish, evaluate, update as necessary, and ensure compliance with adequate and effective internal controls.
Manage compliance with standards regarding substantiating documentation such that all financial activity passes the annual audit.
Perform all necessary period-end accounting and financial processes.
Oversee reconciliation of accounts monthly or as needed.
Provide management and oversight of the development of annual budgets. Oversee spending according to operational budgets.
Monitor and minimize risk/liability surrounding all banking activities of the organization.
Analyze cash balances and inflow/outflow trends to ensure adequate cash flow to meet the organizations' needs.
Monitor and control all purchasing; lead a request-for-proposal process when appropriate.
Review investments monthly. Implement investment decisions of the Investment Committee as approved or delegated by the Executive Committee.
Maintain a schedule of; evaluate and recommend for/against the annual renewal of; and monitor payment of premiums on insurance policies.
Maintain a schedule of charitable gift annuities.
Maintain a schedule of and monitor investment performance of split interest agreements, and recommend action to Investment Committee as appropriate.
Financial Statements & Reporting
Provide management and oversight of the completion of the 990 tax filing.
Prepare draft financial statements timely, accurately, and in accordance with generally accepted accounting principles.
Oversee preparation of all fiscal reports for the organizations including: revenue/expense statement, balance sheet, project activity reports and balance reports for university departments; and organizational budgets for both ESUF and ESUAA.
Provide data for industry group surveys such as NACUBO and CASE.
With Director of Donor Relations, co-lead annual Stewardship Reporting for approximately 1200 funds.
This position requires a high level of accuracy, productivity and initiative. Individual must possess excellent written and verbal communication skills, deductive logic, and a high degree of professionalism and integrity. Individual must demonstrate the ability to work independently, problem solve, maintain confidentiality, handle pressure and manage multiple tasks, and work well with all of the University’s diverse constituencies. Some night and weekend work and travel are required.
Bachelor's degree in accounting, finance, or a related field.
At least eight years of professional work experience with at least five in a managerial role in a finance setting.
Strong knowledge of non-profit organizations, GAAP standards and fund accounting.
Advanced computer knowledge and skills in needed areas of finance and accounting.
Master’s degree in business administration, business management, accounting, finance, or a related field. Certified Public Accountant
Certified Public Accountant
Demonstrated proficiency with Blackbaud’s Financial Edge software.
Experience within the nonprofit organization environment.
COMPENSATION: Competitive based upon prior experience and education. Includes excellent benefits package including medical, dental, vision, retirement package, generous vacation days and administrative/holiday closures.
HOW TO APPLY
Applicants must submit a cover letter addressing their interest and qualifications for the position; a resume; an unofficial transcript, and contact information for three professional references including names, addresses and phone numbers to Search Committee, c/o Carol Cooper, email@example.com; or mail to 1500 Highland St, Emporia, KS 66801. Background check and official transcripts will be required prior to hire. Review of application materials will begin immediately and will continue until the position is filled.
Emporia State University is an equal opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to age, race, color, national origin, ethnicity, religion, gender, sex, gender identity, gender expression, marital status, parental status, sexual orientation, genetic information, status as an individual with a disability, status as a protected veteran, or any other factors which cannot be considered by law.
About the Foundation: Founded in 1952 as a 501(c)(3) corporation, the Emporia State University Foundation exists solely to support Emporia State University. The Foundation raises, receives, manages, invests, distributes and stewards private resources in support of the University’s mission in the areas of teaching, research, public service, and scholarship. The Foundation works closely with individuals, corporations and foundations who support and advocate for the University‘s goals and initiatives through charitable gifts that improve, enhance, and expand the vitality of Emporia State University.
As of June 30, 2017, the Emporia State University Foundation held $106 million in net assets, of which $74.4 million were endowed. On average, the Foundation receives 9,500 gifts from 5,300 donors each year. In fiscal year 2017, the Foundation provided $6.65 million to support programming, faculty, scholarships, and other projects for the benefit of Emporia State University.
About the University:
“Emporia State University prepares students for lifelong learning, rewarding careers, and adaptive leadership.”
Emporia State University offers more than 200 academic programs in the School of Business, College of Liberal Arts and Sciences, School of Library and Information Management and The Teachers College. ESU is the only public university in Kansas to have earned national recognition as a College of Distinction, an honor for universities that demonstrate innovative application of high-impact education. In addition, in the Best Colleges 2018 guidebook by U.S. News and World Report, ESU is ranked No. 2 in lowest student debt of all Midwest regional universities. U.S. News also cited ESU’s School of Business as a best value for both in-state and out-of-state students and ranked the online graduate education and non-MBA online programs in the Top 100 programs in the nation. For more information, visit www.emporia.edu.
About the Community of Emporia, Kansas: Located at the doorstep of the beautiful Flint Hills between Kansas City and Wichita on Interstate 35, Emporia is a family-oriented and vibrant community of 25,000 residents. With the University as its anchor offering cultural and educational pursuits, the city provides a wide range of recreational, artistic and civic options. National Geographic Magazine highlighted the beautiful Flint Hills – the nation’s last great expanse of tall grass prairie – in its April, 2007, edition. The parks of Emporia are the flagship of recreation due to their variety and size. In all, Emporia’s 18 parks mass a little over 250 acres. The Jones Aquatic Center, the many city parks, and the David Traylor Zoo all provide opportunities for fun and entertainment. Emporia’s Recreational Center offers a gymnasium that hosts basketball and volleyball games as well as many other athletic and recreational options. The municipal golf course is host to many regional tournaments. The new Emporia Arts Center has been established as a center for the city's fine arts and artistic education. The historic Granada Theatre, constructed in 1929, offers a 1,400-seat capacity. In April, 1985, the theatre was placed on the National Register of Historic Places, and in 1994, a group of citizens formed the Emporia Granada Theatre Alliance to ensure the ongoing preservation of the Theatre.
Internal Number: 18/072
About Emporia State University
One of six public universities governed by the Kansas Board of Regents, Emporia State University was established in 1863 as the first public institution of higher learning in Kansas. Throughout its history Emporia State has won national acclaim for its teacher education programs. Today ESU is a comprehensive university serving more than 6,000 students with internationally recognized academic programs in the Liberal Arts and Sciences, Business, and Library and Information Management as well as Education. The student body comes from 100 Kansas counties, 45 states, and 55 countries; more than 61,000 alumni live in all 50 states and internationally. ESU’s student-centered learning community fosters student success through small classes and a caring but rigorous academic environment. Emporia State benefits from a legacy of passionate support from its alumni and the surrounding community. Situated at the front door of the beautiful Flint Hills of east central Kansas, this scenic tallgrass prairie region is the only one of its kind in the world. Emporia State is in close proximity to Wichita, Topeka and Kansas City. More information on the university may be found at its website: www.emporia.edu.