Virginia Union University · 1 day ago
Chief Financial Officer
Richmond, VA, US
Full-time
Onsite
Director/Executive
$170K/yr - $210K/yr
6+ years expVirginia Union University is a Baptist affiliated private institution seeking a Chief Financial Officer (CFO) to provide leadership and comprehensive oversight of its Finance function. The CFO will manage financial operations, enhance internal processes, and support the organization's growth and expansion goals.
Higher Education
Responsibilities
Operational Support & Process Improvement
Enhance and/or develop, implement, and enforce policies and procedures through systems and processes that will improve overall infrastructure operations, efficiency, and effectiveness under his/her direction
Perform analysis of financial data to identify trends and opportunities for improvement
Evaluate the effectiveness of internal controls
Drive the improvement of budgeting systems, procurement, and payroll
Evaluate the finance organizational structure and team to identify opportunities and strengths
Design, establish, and maintain staffing and an organizational structure to effectively accomplish the department function; recruits, supervises, and evaluates departmental staff; directs the implementation of staff learning and development
Conduct projects, studies and analyses as assigned by the University’s CEO
Establish and implement short- and long-range organizational goals, objectives, policies, and operating procedures; monitors and evaluates process effectiveness; effects changes required for improvement
Develop and implement a system for evaluating all VUU’s outside vendor contracts
Analyze and evaluate the performance of outside vendors against contractual agreements; remediates issues, waste, and redundancies
Lead and manage contract renewal /RFP bid process
Maintain working of knowledge of insurance policies and manages relationship with insurance companies
Develop and execute document retention and destruction policy
In collaboration with the Executive Leadership Team, develop and deliver educational training to staff focused on fiscal accountability, budget management and vendor and risk management
Ensure timely receipt of the school’s audit performed by the external auditor
Coordinate completion of requests from the school’s internal auditor related to the areas under his/her direction
Lead the Executive Leadership Team in the development and management of the institution’s annual budget with timely kickoffs and completions
Perform cost and productivity analyses
Create and implement sound budget and finance policies that enable successful completion of VUU’s mission
Develop and implement expense management approaches and budget forecasting methodology
Report monthly and annual budget actuals
Provide guidance on budget allocations and planning
Ensures timely and accurate financial reporting in accordance with regulations and requirements imposed by general accepted accounting principles (i.e., GAAP), the Government Accounting Standards Board (i.e., GASB), Financial Accounting Standards Board (i.e., FASB)
Manages financial and compliance reporting in the area under the direction of the CEO
Provides timely and accurate analysis of federal financial reports
Ensures that all board reporting, accreditation reporting, surveys, and compliance reports are completed timely and accurately
Completes financial statement ratios and provides monthly dashboards on Finance function
Qualification
Required
An undergraduate degree in accounting, finance, or related field from an accredited college or university required; a master's degree and CPA preferred
Minimum six years of progressively more responsibility in leading Procurement, Financial Planning and Analysis, Payroll and Auxiliary Services, and oversight of institutional budgets in a Higher Education environment, preferred
Detailed knowledge of GASB regulations required
Record of leading innovation and change in a growth organization
Technology savvy with demonstrated success leveraging technology to support innovation
Ability to oversee multiple projects and recruit, train and develop a high-performing team of finance professionals
Strong analytical capabilities; excellent written, verbal, problem solving and communication skills; in-depth working knowledge of ERP systems (Jenzabar experience a plus); demonstrated history as a collaborator; proven experience with Microsoft office suite products
Personal qualities of integrity, credibility, and dedication to the mission of VUU
Company
Virginia Union University
A premier historically black university, with a rich heritage and outstanding legacy of producing world-renown leaders; Virginia Union University offers its students "The Promise of A Limitless Future." (c) Located on 84 acres in the heart of Richmond, Virginia Union University, the beautiful and scenic campus showcases historic architecture, while providing comprehensive undergraduate liberal arts programs and graduate education for Christian ministries.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Hakim J. Lucas
President & CEO
kofi Jack, MBA, CCNA
Chief Information Officer
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