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Vice President - Finance & Administration (Cfo)

Shaw UniversityRaleigh, NC
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Job Description

Job Summary:

Reporting to the President, this role is to support other administrators and department heads, helping them

determine how to accomplish their objectives and thereby providing a supportive foundation for organizational

success. As the university's Vice President of Finance and Administration, this position provides collaborative

financial management leadership, ensures short and long-term fiscal health, oversees the business practices of

the university, and ensures that the budget is linked to and supportive of the universities' strategic plan.

Essential Job Functions:

  • Ensure that the structure of the finance division provides for adequate controls such that proper

documentation for purchases and expenditures are maintained and that separation of functions is

maintained.

  • Participate in decision making, policy formulation, and discussion of strategic directions as a member of

the President's Executive Council.

  • Ensure that the finance operation adheres to practices and policies that are required by regulatory bodies.
  • Implement the financial policies of the organization and make recommendations for changes as required.
  • Supervise finance office staff, including accounting functions, payroll, accounts receivable/payable,

physical plant services, and Human Resources.

  • Be able to provide coverage in the event of temporary absence of finance office staff.
  • Work with the President and designees to coordinate a participatory budget process.
  • Oversee preparation of detailed monthly financial reports to all university divisions.
  • Report the financial condition of the university to the board of trustees and to the university president on a

regular basis.

  • Provide financial projections for the university on an regular basis.
  • Identify, recommend, and implement appropriate and necessary training and professional development

for self and staff reporting to the position.

  • Ensure the timely collection of all accounts receivable and timely payment of accounts payable.
  • Contribute to the universities' ability to meet its strategic objectives by assisting administrators and

department heads in conducting financial analysis of current and proposed activities.

  • Interface with external financial audit firm to fulfill and complete all required audits in a timely manner and

per deadlines.

  • All other related duties as assigned.

Supervisory Responsibilities

Finance office staff, including accounting functions, payroll, accounts receivable/payable, physical plant services,

and Human Resources

Minimum Job Qualifications

Education and/or Experience

  • Master's degree in business administration or closely related field, or Bachelor's degree in accounting.
  • Certified Public Accountant (CPA) preferred, or equivalent combination of education and experience.
  • 4-6 years' experience with day-to-day financial operation with an organization of 50 persons or more.
  • 2 years minimum supervisory experience.
  • Demonstrated knowledge of the requirements for non-profit accounting including the rules and regulations

outlined in OMB Circulars A-133, A-110, and A-122.

  • Must be skilled in use of data base software including Excel and Access.
  • Must know how to use Jenzabar data management system or be willing and able to use it for accounting

functions so that timely and accurate budgets, expenditure reports and financial statements are available.

  • Have a clear and comprehensive understanding of budgeting, budget processes, and financial reporting.
  • Be knowledgeable about, and be able to oversee grants and contracts functions.

Certificates, Licenses or Registrations

CPA preferred

Other Competencies (skills, abilities, behavior)

Must have a philosophy that is consistent with the Mission, Vision and Core Values of the organization. Vision,

commitment, and experience in achieving goals and pursuing excellence is critical; ability to work both

independently and collaboratively in a dynamic and demanding environment. Must have strong verbal and written

communication and organizational skills; attention to detail; proven ability to manage multiple complex

assignments with sensitivity to deadlines, priorities, and changing circumstances; demonstrated professional work

ethic and positive, problem‐solving attitude. Must be able to read, write and speak fluently in English.

Physical Demands

Ability to sit or stand for up to 8 hours/day. Some lifting (up to 25 pounds occasionally), bending, and carrying.

Specific vision abilities include the ability to use close vision. The employee is regularly required to talk and hear,

and to use hands and fingers to handle or feel.