Chief Fiscal Officer
Chief Fiscal Officer
We have joined with our client, The Holderness School, to find an experienced, qualified Chief Fiscal Officer with an enthusiasm to support education and children. Serving as a member of the senior management team this position will provide leadership for all finance and accounting matters at the school, and work directly with the Head of School and the Board on reporting, budgeting, and other strategic matters involving the school’s finances and monetary assets. The Chief Fiscal Officer reports directly to the Chief Operating Officer and partners with the COO to provide information, sound analysis, and thoughtful counsel in support of the school’s long-term sustainability goals and major strategic initiatives.
Located near Plymouth, New Hampshire, the Holderness School is an independent boarding and day school for grades 9-12 offering a rigorous college preparatory education and curriculum in a vibrant and supportive community. The current student body of 275 is drawn from 22 U.S. States and 14 foreign countries. While Holderness operates primarily as a boarding school, it enrolls 50 day students. Today Holderness has a $45 million endowment, an outstanding faculty, and a program build around educating the whole student. In its history of over 130 years, Holderness School has upheld its core principles, even while embracing the opportunities afforded by change. We invite you to visit the website: www.holderness.org.
The Chief Fiscal Officer will:
- Lead and manage the School’s Business Office to ensure appropriate financial controls and procedures.
- Partner with the COO to manage school resources in a manner that is consistent with the budget.
- Review agreements concerning financial obligations and requiring a commitment of financial resources.
- Control the flow of cash through the organization and maintain the integrity of funds, securities, and other valuable documents and assets.
- Update, issue, and manage the annual contracts of exempt salaried employees and the letters of engagement for all non-exempt wage employees.
Essential Duties and Responsibilities
- Supervise all business office personnel and will ensure that timely, accurate monthly budget reports are available for all of the school’s budget managers.
- Partner with the Controller to manage cash flow to meet the needs of the school.
- Coordinate and administer a plan for the financial control of operations including the monthly review of budget to actual, forecasts, revenue, and expense budgets with the necessary controls and procedures to in place to effectuate the plan.
- Maintain banking and investment relationships with financial institutions according to the investment policies and strategies established by the trustee Finance, Investment, and Audit Committees, respectively.
- Coordinate the preparations of reports to government agencies, including tax filings, and administer financial policies and procedures to ensure compliance with any local, state, and/or government requirements.
- Oversee general ledger maintenance, bank reconciliations, and accounts payable and receivable.
- Work to ensure protection of the School’s assets through internal control, independent external audits, and adequate insurance coverage.
- Coordinate the development and delivery of a balanced budget based on the assumptions set forth by the Board of Trustees.
- Partner with the COO to develop long-range financial plans for the school that are consistent with the school’s strategic plan.
- Working with the Human Resources specialist in the management of the school’s employee benefit programs, payroll and maintaining an up-to-date Employee Handbook.
- Primary point of contact for the school’s auditors, bankers, some insurance brokers, and other professional service providers as is appropriate.
- Develop and deliver executive reporting on business affairs of the school to its leadership in a clear and concise manner.
- Administer, manage, and supervise tuition, fee receipts, and student billing and collection.
- Prepare for the annual audits of the school’s finances and the school’s retirement plan.
- Partner with the Director of Admissions to manage the annual budgeting and distribution of Financial Aid.
- Partner with the Director of Advancement on financial strategy and the management of appropriate allocations and disbursement of donations including recognition of and adherence to donor restrictions on contributions.
- Complete annual benchmarking surveys for ABOPS, ISANNE, and others as appropriate.
- Bachelor’s Degree in a relevant field. An advanced degree is preferred. A CPA certification and/or license is desirable.
- A minimum of 5 years of strong administrative level experience, preferably in a similar position.
- Significant experience in responsibly managing financial, administrative, and day-to-day business operations.
- Expert level spreadsheet and database skills.
- Demonstrated ability and patience to interpret and explain complex issues and their financial/operations implications to others.
- Strong, hands-on experience in financial management including analysis and reporting, budgeting, asset management, audit compliance, and federal and state tax regulations and reporting procedures.
- Demonstrated fluency in GAAP and in fund accounting.
- Demonstrated ability to strategize and develop mechanisms to manage expenses.
- Excellent interpersonal, written, and oral communications skills with a demonstrated ability to communicate effectively and relate well to students, parents, staff, faculty, trustees, and others in a collaborative administrative team.
Qualified applicants should submit a resume and cover letter indicating interest and salary requirements to firstname.lastname@example.org or fax: 207-541-2269.