Reporting to the President, the Chief Financial Officer serves as an integral member of LHP’s leadership team in setting and executing the overall financial management strategy for the School. The CFO advises on matters related to strategic planning, long-range financial planning, risk management and represents the School to the external community for financial and related matters. The CFO is responsible for the provision of superior financial services, accurate and timely financial reporting, flawless financial audits, and compliance with applicable legal rules and regulations. Maintains a strong team with appropriate levels of accuracy, responsiveness, quality, efficiency, and professionalism.
As a strategic business partner, the CFO makes a significant impact by improving operational efficiencies to support the continued growth of LHP. The CFO will work with the President and Board of Trustees to develop and implement strategic, operational, and financial initiatives and goals that will support the school’s strategic plan and mission. This position requires unwavering honesty, integrity, and candor. The successful CFO at LHP will drive change within the President’s vision, and help develop clear objectives and timelines to achieve and enhance mission value in alignment with the strategic plan.
ESSENTIAL FUNCTIONS General: -Establishes proactive financial strategy, guidelines and policies to ensure alignment with, and achievement of, the School’s strategic plan, goals and objectives. -Prepares requests for proposals for major bid business services from outside groups, including business and liability insurance companies, auditors, and other business-related matters. -Coordinates with, and supports LHP’s Manager of Facilities, in preparing RFPs for architects, construction companies, and all construction-related matters. -Coordinates all legal and insurance requirements that impact the financial health and well-being of the School. -Serves as the School’s principal financial and insurance risk manager. -Handles business-side complaints from parents, in coordination with Division Heads. - In coordination with the LHP Manager of Facilities and Chief of Staff, helps coordinate all phases of large capital construction projects, liaising with outside professionals and internal academic and business personnel. -Serves as Secretary to Board of Trustees, responsible for Board minutes and bulletins.
Budgetary: -Responsible for developing and managing LHP’s annual budget, providing timely financial analysis, quarterly forecasts, and all reporting requirements. Similarly maintains a rolling, 5-year budget projection. -Develops and maintains a budgetary system to encourage proper communication among administrators. -Reviews financial and budgetary statements to ensure that funds are being properly accounted for and that the School’s resources are being properly allocated. -Reviews implications of fund-raising proposals and donor gift terms, and in concert with the VP of Advancement, ensures proper stewardship of donor funds. -Prepares and monitors the School’s financial projections. -Recommends tuition rates for Board approval.
Financial: -Directs the development of strategic long-range financial plans, projections, and policies and analyzes the financial impact of proposals for new activities. -Manages capital projects planning and financing process, working with the Manager of Facilities and Chief of Staff to determine priorities and monitor progress of major capital projects. -Oversees management of financial operations including payroll, accounting, quarterly reports to the Board, and quarterly and fiscal year-end closings. -Ensures all financial operations comply with federal, state, and local laws. -Prepares requested analyses from professional groups associated with debt financing, and other financial transactions. -Establishes and maintains all School banking relationships. -Establishes and maintains procedures to maximize cash flow and ensure year-round operational liquidity. -Oversees debt collection, including negotiations with parents and coordination of collections with the School’s Collections Manager and the School’s attorney. -Serves as Trustee of the School’s 403 (b) and profit-sharing plans. -Works with outside auditors including financial, workers’ compensation and retirement plans. -Responsible for preparing forms 5500 and 990.
Investments: -Develops and maintains sound investment portfolios, performance analyses, and reporting requirements for operational and retirement funds. -Maintains current knowledge of all authorized investment instruments. -Maintains sound investment policies to maximize earnings on investments within Board of Trustees authorized risk constraints.
Public Relations: -Addresses parent groups regarding business matters as needed in public meetings. -Attends specific functions as directed by the President or in support of the Board of Trustees. -Serve as member, advisor, and recording secretary for Board of Trustee’s Finance and Building Committees. Also serves as member and advisor for the Foundation Board.
SUPERVISORY RESPONSIBILITIES -Oversees the Business Office staff in the provision of financial services to all parts of LHP, including the Manager of The Source/Textbooks, and Cafeteria operations by an outsourced vendor. Indirectly oversees outsourced operations of the copy center and campus mail services. -Oversees development and implementation of professional training in administrative systems, financial policies, and operational procedures. -Supervises all direct reports including, hiring, professional development, training, work prioritization, and performance management.
ADDITIONAL RESPONSIBILITIES -Eagerly assumes other special activities and responsibilities when required as directed by the President.
QUALIFICATIONS -To perform this job successfully, an individual must be able to handily perform each essential duty. The requirements listed below are representative of the knowledge, skills, and/or abilities required. -Master’s Degree in Finance, Accounting or related field; plus a minimum of five years of experience managing accounting and finance functions at the Controller or Director level. -Enthusiastically supports the LHP mission and clearly understands the business and culture of the School. -Emphasizes transparency and clarity of motives and efforts to build trusting relationships. -Candidate needs to be strategic, motivated, creative, organized, trustworthy, positive, and comfortable working closely within a team. -Able to quickly build effective working relationships with the Board of Trustees, co-workers, faculty, parents, and students. Comfortable with and supportive of working with a widely diverse group of people.
-Communicates well in non-financial language; able to effectively translate and teach financial literacy, relates well to the Board of Trustees and multiple other stakeholders. -Proven ability to set key performance indicators, handily prioritize multiple projects/job requirements, meet deadlines, and solve complex, multi-dimensional problems. -Requires demonstrated poise under pressure, effective listening skills, tact and diplomacy. Must be an outstanding team player, and possess persuasive public speaking and writing skills. -Keeps current with technology trends to better understand the business of LHP. Proficient in computer systems and common office programs, including Word Processing, Spreadsheet, and Accounting software, preferably Veracross or Blackbaud. -Positive commitment to engagement with, and holistic development of students.
PREFERRED QUALIFICATIONS -A working knowledge of Generally Accepted Accounting Principles (GAAP) and practices commonly found in independent school and non-profit sectors. -Certified Public Accountant -Exceptional strategic thinking, interpersonal, communication, negotiation, and presentation skills. -Able to quickly earn trust and credibility with the larger internal and external stakeholder audience. -Possess solid analytical skills, the ability to design and implement financial control systems, policies, and procedures. -Demonstrated strong collaboration and communication skills, the ability to effectively communicate financial information to stakeholders with non-financial backgrounds, and a dynamic commitment to customer support. -A highly organized and self-directed approach to work. An active listener who is open to new concepts and ideas, able to synthesize complex issues, and provide clarity to others.