Chief Financial Officer / Senior Comptroller
Apply NowCompany: Essex County College
Location: Newark, NJ 07104
Description:
Position Details
Classification Information
Unit
Administrative Confidential
Job Status
Full Time
FLSA
Exempt
Position Information
Position Title
Chief Financial Officer / Senior Comptroller
Reports To
President
Faculty Discipline
N/A - Not Applicable
Faculty is eligible for Tenure Track?
No
Funding Source
Grant Funded
Grant Funding Contingency
Functions and Responsibilities
Job Summary
Under the supervision of the President or designee, the Chief Financial Officer (CFO) / Senior Comptroller is responsible for providing vision, leadership, oversight and sound fiscal management for the financial operations of the College.
Supervisory Role
Oral and written instructions are received from the President or designee. The Chief Financial Officer (CFO) / Senior Comptroller may supervise administrative, professional, support staff, and student workers.
Duties & Responsibilities
1. Provide oversight and direction for the planning, organization and leadership of the College's Accounting, Bursar, Fiscal Operations (includes Accounts Payable and Payroll), and purchasing financial units. Establish goals, strategies, objectives, policies, procedures and action plans that are consistent with the College's strategic plan.
2. Manage the day-to-day financial operations of the College. Provide oversight and supervision for the operating, capital and grants budgets and budget models; allocation, disbursement and control of fiscal resources; chart of accounts; account reconciliations; year-end closings; tax filings; audit preparations and completion; accounts receivables; accounts payables; student financial aid and accounting; grant accounting; preparation of financial statements and reports; cash receipts; preparation of revenue projections and risk assessments; and other related fiscal activities.
3. Devise rules and procedures to enhance operational efficiency of the College's Banner financial software. Develop guidelines for successful and timely completion of annual and periodic financial audits and ensure compliance with prescribed guidelines.
4. Accurate completion of all audits in accordance with college policy/procedure and applicable guidelines, while providing frequent status reports to the College President and cabinet members.
5. Collaboratively work with other units of the College to design a comprehensive procurement plan for the efficient and economic delivery and payment of goods and services, in compliance with college and statutory mandates.
6. Develop, implement and maintain internal control and financial reporting policies, standards and procedures that assure the fiscal, payroll, procurement practices comply with external rules, regulations, restrictions and generally accepted accounting principles.
7. Lead staff in development of annual operating and capital budgets. Maintain multi-year budget models, which are aligned with and support the College's strategic priorities.
8. Ensure compliance with Board of Trustees' policies; college, county, state and federal regulations; generally accepted accounting principles (GAAP); and other statutory requirements.
9. Serve as the College's finance liaison on the Affinity Council and other related groups.
10. Handle and/or manage sensitive information and adhere to strict confidentiality at all times.
11. Maintain strict confidentiality and security of staff, student, and client records.
12. Prepare routine, special, and ancillary reports as required.
13. Prepare for the President a detailed and suitable structure and process of the financial operations of the college and perform staff assessment for reorganization of the financial units.
14. Perform other related duties as required.
Physical Requirements
The physical demands described here are representative of those that must be
met by an employee to successfully perform the essential responsibilities and
functions of the job and are not meant to be all inclusive. Reasonable
accommodations may be made to enable individuals with disabilities to perform the essential responsibilities and functions of the job.
Unless reasonable accommodations can be made, while performing this job the staff member shall:
Use strength to lift items needed to perform the functions of the job.
Sit, stand and walk/move from place to place for required periods of
time.
Move between buildings.
Speak and hear, communicate using telephone and/or walkie talkie.
Use close vision, color vision, peripheral vision and depth perception
along with the ability to focus vision.
Communicate effectively in English, using proper grammar and
vocabulary.
Reach with hands and arms and use hands and fingers to handle
objects and operate tools, including but not limited to, computers,
keyboards, telephones, calculators, and controls.
Bend, twist, climb, push, pull, and lift.
Additional Requirements
Minimum Qualifications
Experience (number of years), Knowledge and/or Abilities
1. Master's degree in relevant field.
2. CPA licensed.
3. Five or more years of progressive leadership experience in financial planning or budget management at the senior management level, preferably in higher education.
4. Substantive evidence of success in overseeing an entity's budget planning processes with expertise in the preparation of complex, detailed financial and budgetary analyses.
5. Comprehensive knowledge of financial, investment, statutory and Internal Revenue Service mandates, plans and funding formulas, institutional Master Plans, preferably applicable to higher education at the community college level.
6. Demonstrated knowledge of budget and technology models that link resource allocation performance and strategic planning.
7. Demonstrated skills in the supervision of multiple complex units with the proven ability to effect and influence change through a collaborative and inclusive approach.
8. Proven ability to provide vision and leadership in matters pertaining to financial affairs and effectively represent an educational institution with external constituents.
9. Excellent analytical, problem solving, decision making, organizational, and interpersonal skills; and outstanding oral and written communication skills.
10. Ability to work in a multi-cultural environment.
Education Requirements
Master's Degree
Licenses and Certifications (including e.g., CPR, first aid, driver's license, etc.)
Preferred Qualifications
Experience (number of years), Knowledge and/or Abilities
Doctorate degree in Business Administration, or related area.
Education Requirements
Doctorate Degree
Licenses and Certifications (including e.g., CPR, first aid, driver's license, etc.)
Classification Information
Unit
Administrative Confidential
Job Status
Full Time
FLSA
Exempt
Position Information
Position Title
Chief Financial Officer / Senior Comptroller
Reports To
President
Faculty Discipline
N/A - Not Applicable
Faculty is eligible for Tenure Track?
No
Funding Source
Grant Funded
Grant Funding Contingency
Functions and Responsibilities
Job Summary
Under the supervision of the President or designee, the Chief Financial Officer (CFO) / Senior Comptroller is responsible for providing vision, leadership, oversight and sound fiscal management for the financial operations of the College.
Supervisory Role
Oral and written instructions are received from the President or designee. The Chief Financial Officer (CFO) / Senior Comptroller may supervise administrative, professional, support staff, and student workers.
Duties & Responsibilities
1. Provide oversight and direction for the planning, organization and leadership of the College's Accounting, Bursar, Fiscal Operations (includes Accounts Payable and Payroll), and purchasing financial units. Establish goals, strategies, objectives, policies, procedures and action plans that are consistent with the College's strategic plan.
2. Manage the day-to-day financial operations of the College. Provide oversight and supervision for the operating, capital and grants budgets and budget models; allocation, disbursement and control of fiscal resources; chart of accounts; account reconciliations; year-end closings; tax filings; audit preparations and completion; accounts receivables; accounts payables; student financial aid and accounting; grant accounting; preparation of financial statements and reports; cash receipts; preparation of revenue projections and risk assessments; and other related fiscal activities.
3. Devise rules and procedures to enhance operational efficiency of the College's Banner financial software. Develop guidelines for successful and timely completion of annual and periodic financial audits and ensure compliance with prescribed guidelines.
4. Accurate completion of all audits in accordance with college policy/procedure and applicable guidelines, while providing frequent status reports to the College President and cabinet members.
5. Collaboratively work with other units of the College to design a comprehensive procurement plan for the efficient and economic delivery and payment of goods and services, in compliance with college and statutory mandates.
6. Develop, implement and maintain internal control and financial reporting policies, standards and procedures that assure the fiscal, payroll, procurement practices comply with external rules, regulations, restrictions and generally accepted accounting principles.
7. Lead staff in development of annual operating and capital budgets. Maintain multi-year budget models, which are aligned with and support the College's strategic priorities.
8. Ensure compliance with Board of Trustees' policies; college, county, state and federal regulations; generally accepted accounting principles (GAAP); and other statutory requirements.
9. Serve as the College's finance liaison on the Affinity Council and other related groups.
10. Handle and/or manage sensitive information and adhere to strict confidentiality at all times.
11. Maintain strict confidentiality and security of staff, student, and client records.
12. Prepare routine, special, and ancillary reports as required.
13. Prepare for the President a detailed and suitable structure and process of the financial operations of the college and perform staff assessment for reorganization of the financial units.
14. Perform other related duties as required.
Physical Requirements
The physical demands described here are representative of those that must be
met by an employee to successfully perform the essential responsibilities and
functions of the job and are not meant to be all inclusive. Reasonable
accommodations may be made to enable individuals with disabilities to perform the essential responsibilities and functions of the job.
Unless reasonable accommodations can be made, while performing this job the staff member shall:
Use strength to lift items needed to perform the functions of the job.
Sit, stand and walk/move from place to place for required periods of
time.
Move between buildings.
Speak and hear, communicate using telephone and/or walkie talkie.
Use close vision, color vision, peripheral vision and depth perception
along with the ability to focus vision.
Communicate effectively in English, using proper grammar and
vocabulary.
Reach with hands and arms and use hands and fingers to handle
objects and operate tools, including but not limited to, computers,
keyboards, telephones, calculators, and controls.
Bend, twist, climb, push, pull, and lift.
Additional Requirements
Minimum Qualifications
Experience (number of years), Knowledge and/or Abilities
1. Master's degree in relevant field.
2. CPA licensed.
3. Five or more years of progressive leadership experience in financial planning or budget management at the senior management level, preferably in higher education.
4. Substantive evidence of success in overseeing an entity's budget planning processes with expertise in the preparation of complex, detailed financial and budgetary analyses.
5. Comprehensive knowledge of financial, investment, statutory and Internal Revenue Service mandates, plans and funding formulas, institutional Master Plans, preferably applicable to higher education at the community college level.
6. Demonstrated knowledge of budget and technology models that link resource allocation performance and strategic planning.
7. Demonstrated skills in the supervision of multiple complex units with the proven ability to effect and influence change through a collaborative and inclusive approach.
8. Proven ability to provide vision and leadership in matters pertaining to financial affairs and effectively represent an educational institution with external constituents.
9. Excellent analytical, problem solving, decision making, organizational, and interpersonal skills; and outstanding oral and written communication skills.
10. Ability to work in a multi-cultural environment.
Education Requirements
Master's Degree
Licenses and Certifications (including e.g., CPR, first aid, driver's license, etc.)
Preferred Qualifications
Experience (number of years), Knowledge and/or Abilities
Doctorate degree in Business Administration, or related area.
Education Requirements
Doctorate Degree
Licenses and Certifications (including e.g., CPR, first aid, driver's license, etc.)