Cincinnati State
  • Executive Team
  • Cincinnati, OH, USA
  • Salary
  • Full Time

Vice President of Finance & Treasurer

Overview

The Vice President of Finance and Treasurer to the Board of Trustees will fully support Cincinnati State's strategic priorities including academic and workforce priorities, student success, financial sustainability and accountability, educational partnerships, and the Cincinnati State Technical & Community College Foundation. As the chief financial officer of the College, the Vice President will work closely with the President, her Executive Team and the Board of Trustees to manage the fiscal health and sustainability of the College. The Vice President will demonstrate a commitment to high ethical and professional standards, and possess an innate understanding of the allocation models and accountability standards relevant to Ohio public institutions of higher education, particularly those impacting Ohio's Community Colleges.

 

Essential Duties & Responsibilities

Financial Reporting and Planning

  • Prepares and maintains long-term financial forecasts for all of the college's funds.  Monitors both short and long-term internal and external financial and operational developments to ensure that forecasts are current and accurate.
  • Contributes to the college meeting its strategic objectives by assisting administrators and department heads in conducting financial analysis of current and proposed activities.
  • Monitors the college's financial condition and provides budget information to the President, the Board of Trustees, the College Community, and other governmental agencies as required. Oversees preparation of monthly financial statements for the College.
  • Establishes, coordinates, maintains, and systematically reviews the process for financial evaluation of the college instructional and non-instructional programs and activities; serves as a resource to college personnel in determining the cost effectiveness of current and proposed initiatives.

Budget Preparation

  • Oversees preparation of the annual budget whereby organizational needs are identified, consensus on priorities is obtained, and translates the consensus into a financial plan.
  • Develops procedures that integrate business and strategic planning into the annual budget process.
  • Meets regularly with the Board of Trustees' Finance Committee and the College's Budget Advisory Team.
  • Monitors external events and developments to ensure that budget preparation incorporates the most current information.
  • Uses a forecasting model to predict financial impact of increased/decreased student enrollment.

Investment, Cash and Debt Management

  • Monitors cash flow and oversees investment activities to ensure appropriate supply of cash at highest possible yield on idle funds while complying with statutory limitations on types of investments.
  • Serves as an advocate for the College with rating agencies to ensure the highest possible rating for the college.
  • Coordinates and monitors debt issuance with external financial advisors, bond counsel, etc.
  • Ensures the timely collection of all accounts receivable.
  • Monitors and manages cash reserves to provide maximum practical protection, and consistent with Board of Trustees policy.

Business Services

  • Provides oversight and advice regarding college financial risk.
  • Coordinates the purchasing activities of the college, including contract management.
  • Participates in, and researches data for collective bargaining/negotiation activities.
  • Collaborates with Human Resources in oversight and funding of the College's health insurance plan.
  • Oversight and ensures effective payroll operations, benefit administration, reporting and responsiveness to employees.
  • Ensures that the college is in compliance with financial regulatory, legal, administrative, collectively bargained, contractual, procedural, and accounting standards.
  • Ensures the college is in compliance with federal and state financial aid and scholarship regulations, accounting and reporting requirements, and that the College maintains eligibility for securing optimal funding assistance in support of our students.
  • Maintains and negotiates property and casualty insurance programs of the College.
  • Reviews and signs contracts with approval of the President and/or Chairperson of the Board of Trustees that have financial implications to the College.
  • Maintains inventory and oversight of effective management of College equipment and facilities and assumes primary responsibility for asset management and deferred maintenance planning.
  • Arranges for and participates in the annual audit, including sourcing and engaging the audit firm.

 General Supervision and Management

  • Helps others be productive, grow professionally, and meet the needs of the College.
  • Practices continuous improvement; conducts and oversees work activity to increase efficiency of and improve the effectiveness and productivity of assigned areas.

Public and Intergovernmental Relations

  • Serves as an advocate for the College's interests.  Represents the College by speaking to and making presentations to external groups who have the capacity to influence/affect the College's successes.
  • Maintains positive and productive relationships with federal, state, and local officials who interface with the College.
  • Represents the College on the Ohio Association of Community Colleges Fiscal Officers Council.

Service Excellence

  • Works collaboratively with other administrators and department heads; serves as an internal consultant.
  • Provides leadership to assigned areas by focusing planning and execution to help College management and the organization succeed and improve productivity, particularly by providing stakeholders with effective information, support systems, resources and business solutions.
  • Creates and maintains a customer service culture, program, orientation and focus for assigned areas. Monitors departmental activities and customer satisfaction with service delivery; identifies and implements appropriate improvement measures.

Other

  • Supports college-wide management activities and contributes to their success.  Serves as an advocate for and representative of management's interests and position.
  • Represents, explains, and advocates management's position when interacting with others.
  • Provides support and advice to the Cincinnati State Technical & Community College Foundation in the areas of investments, financial management and fund raising.
  • Identifies the need for changes in policies, procedures, and processes and takes initiative to implement within assigned area of responsibility or make recommendations for change to responsible party.
  • Provides input into state and national legislative activities that impact higher education finance and the finances of the College.
  • Assists the President in developing and interpreting data relating to student services to ensure programs correlate with community needs.
  • Assumes other duties and responsibilities as required by law or as assigned by the President and/or the Board of Trustees.

 

Minimum Qualifications

  • Bachelor's degree in Accounting, Business Administration or a related field.
  • At least ten (10) years of relevant professional experience in financial management and fund accounting.
  • At least five (5) years of experience in managing and leading people.
  • Certified Public Accountant (CPA) certification.
  • Ability to work evenings and/or weekends as needed.
  • Ability to travel between campuses and/or for business needs.

 

Preferred Qualifications

  • Master's Degree, preferably in Business Administration or Public Administration, and/or Certified Public Accountant (CPA) certification and/or other relevant professional credential or degree.
  • Financial leadership experience within an Ohio Community College.
  • Experience leading within a collective bargaining environment.
  • Experience managing self-funded health insurance plans.
  • At least three (3) years of budgeting experience for long-term financial planning and forecasting (capital, reserves, operating, etc.).
  • At least three (3) years of relevant professional experience in financial management and fund accounting within higher education.

 

Desired Competencies

  • Strong interpersonal skills to be used with internal and external stakeholders.
  • Critical understanding of and recommended methods to improve/manage Ohio College composite scores, and subsidy funding allocation model.
  • Strong oral and written communication skills with the capability to provide cogent analytical public presentations, as well as personably engage individuals and engender trust and cooperation.
  • Ability to formulate and analyze financial statements. Strong knowledge of fund accounting and information technology systems.
  • Ability to establish realistic goals and objectives and bring about their implementation.
  • Experience in operational and strategic planning, policy development, and financial analysis.
  • Advanced competencies in use of technology and data to provide analysis and promote continuous quality improvement.

Details:

Reports To:                                         President & Board of Trustees

Position Level:                                    Executive

Minimum Annual Compensation:     $125,000.00/year

Contract Affiliation:                            Non-Bargaining

Classification:                                     Exempt

Status:                                                  Fulltime

 

Excellent Benefits ~ Candidates selected for full-time positions are eligible for our benefit package that includes excellent medical, dental, vision, life and disability insurance benefits with minimal out of pocket payments and contribution rates, sick and personal leave, and immediate accrual of vacation.

Equal Opportunity Employer ~ Committed to Creating a Diverse and Inclusive Work Environment

Cincinnati State Technical and Community College, as well as its individual academic divisions, is committed to a policy of equal opportunity in all its activities and programs, including employment and promotion. It does not discriminate on the basis of race, color, national or ethnic origin, citizenship status, religion, sex, sexual-orientation, age, physical disabilities, veteran or marital status. 

 

Cincinnati State
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