The Chief Financial Officer provides strategic financial oversight and foresight, ensuring that the St Vladimir’s Orthodox Theological Seminary and Seminary Press financial operations run with excellence and have the clarity and resources necessary to take advantage of new opportunities as we rapidly scale, and develops and administers accounting policies and procedures to maintain the fiscal integrity of the seminary. This includes supervising the functions of accounting, legal/risk management, tax preparation, budgeting, financial modeling, financial goal tracking with real-time data analysis, and financial report creation/presentation, specifically reporting for the Association of Theological Schools (ATS).
The CFO provides leadership over the finance department staff and assumes the responsibility for all fiscal period close processes, addressing tight deadlines and a multitude of activities, including financial reporting, year-end closing, and audit activities.
The CFO is a member of the President’s Cabinet and reports directly to the President and is the staff liaison for the Audit Committee of the Board of Trustees.
Since the CFO has contact with senior-level administrators, the external auditors, and external agencies, strong interpersonal communication skills, both written and verbal, are required.
The mission of the Chief Financial Officer will be accomplished by producing clarity, driving innovation, and providing administrative oversight through the areas of responsibility below.
- Strategic Financial Oversight: Partner with the executive leadership team on all strategic and operational issues as they arise to provide financial recommendations based on analysis and projections. Participate in the ongoing strategic planning process as the seminary’s strategic priorities change throughout the year.
- Budget Creation and Management: Initiate and oversee the company-wide and departmental budget planning process. Track and maintain the budget performance throughout the year, both from top-line revenue and net profitability perspectives, and identify areas where the seminary’s financial performance is not in alignment with the budget.
- Risk Management: Evaluate the potential risks and rewards of any new opportunities by ensuring that all team members perform the necessary due diligence to make quality decisions. Maintain strong relationships with banking, insurance, legal, and other business support providers to minimize the seminary’s risk and liability exposure wherever possible.
- Reporting & Modeling: Oversee, and at times, prepare, accurate annual financial reporting, which includes the annual financial report and additional quarterly and monthly reports, and all monthly financial statements. Design and maintain a sophisticated internal KPI tracking system. Maintain a 16-week, week-by-week forecast of cash flow and an up-to-date year-end forecast for profitability, along with any other forecasting models needed in other seminary areas. As much as possible, provide real-time visibility into data, so that our leaders are empowered to make quick and accurate decisions. Additionally, collaborate with Institutional Research to prepare the IPEDS report and oversee preparation of the ATS annual institutional report.
- Supervision: Supervise all members of the finance department to ensure proper documentation of all key processes and regular review of the documentation for updates and monitoring to ensure that staff is performing the documented processes, proper completion of all accounting functions, including recording of all transactions, posting of debits/credits, invoicing, payroll, and maintaining and balancing all general ledgers and historical accounts. Ensure financial record systems are maintained in accordance with Generally Accepted Accounting Principles (GAAP). Additionally, supervise audit coordination and document preparation for the year-end financial audit, including review of the auditor checklist and preparation of all audit workpapers, confirmations, and schedules as requested by the external auditors.
- Coordination with Departments: Coordinate with the Director of Recruitment and Admissions on Student Financial Aid to ensure that financial aid is properly disbursed in accordance with Financial Aid Awards letters; coordinate with the Registrar to perform semester billing for all student programs.
- Tax Compliance: Ensure that all current and future federal and state reporting requirements are met.
- Audit Committee: Build trust and credibility with the Audit Committee of the Board of Trustees, as well as develop regular reports for the Audit Committee as per the agreed schedule and report all risks, including financial risk, as soon as these risks appear.
- Bachelor’s Degree or Master’s Degree in Accounting or Finance
- CPA license preferred
- Experience with Blackbaud Financial Edge preferred
- Experience in higher education setting preferred
- Minimum of 10 years of progressively responsible accounting experience, financial leadership as a CFO, preferably in a high-growth environment.
- Knowledge of automated accounting and reporting system and proficiency with Microsoft Excel, word processing software, query/report writing, and data maintenance
- Ability to maintain confidentiality
- Ability to work effectively in a team environment as well as independently with little supervision
- Excellent interpersonal, customer service, organizational, and oral and written communication skills
- Strong understanding of standard financial software such as Blackbaud Financial Edge, etc.
- High proficiency at taking complex financial data and distilling it down into easily understandable reports.
- Demonstrated experience with the financial side of inventory management, specifically with physical products
- A seasoned leader of teams with demonstrated expertise in setting vision, securing alignment, and driving consistent, high-performance execution.
- An expert decision-maker capable of taking complex financial information and risk considerations and making quick, high-quality decisions and recommendations with confidence.
- An understanding of and passion for the seminary’s core values and mission.
- Physical: Ability to bend, reach, and lift boxes and office supplies up to 30 lbs.
Job Type: Full Time, Salaried. On-site presence is required Mon-Fri, 8:30 AM - 5:00 PM.
Some travel will be required, as well as some weekend hours, from time to time.
Salary is commensurate with experience.
Please email resume and cover letter to email@example.com.