Job Description
The Vice President of Finance serves a key function with responsibility for the College’s financial, general accounting, accounts
payable/receivables, grants, investments, and funding operations. The Vice President of Finance reports to the Senior Vice President/COO and
ensures the financial integrity of the College. The Vice President of Finance works in close cooperation with the other college
administrators in budget development to help ensure compliance with the college’s policies and procedures, state and federal
regulations, grant requirements, accreditation standards, and standard accounting procedures related to the financial and administrative
areas.
DUTIES AND RESPONSIBILITIES:
The Vice President for Finance:
- Leads the
annual budget development process with input from all administrators, including 5-year budget projections of revenues and expenses; - Establishes financial accounting policies and procedures that ensures adequate internal controls are in place to safeguard the assets of
the college and ensure proper financial recording; - Monitors banking activities of the college and ensures adequate cash flow to
meet the college’s needs; immediately informs the Senior Vice President/COO of any budgetary challenges and/or financial
concerns; - Maintains the general ledger system of the college;
- Oversees the work of the Finance Manager in cash handling,
accounts payable and payroll areas; - Prepares the annual financial statements, lead schedules, supporting information and other
schedules requested by the external auditor for the annual audit; - Manages the accounts receivable function including billing and
collections; - Assists in the management of long and short term debt;
- Prepares and file all monthly, quarterly, and annual,
federal state and local payroll returns including the preparation of W-2 and 1099 forms at year end; - Ensures all cash transactions
are properly recorder through review of cash reports and the preparation of monthly bank reconciliations; - Prepares monthly
financial reports for review by the President, and the Senior Vice President/COO; - Actively participates in the strategic planning,
assessment, and the accreditation compliance of the college; - Attends monthly Board of Trustees meeting presenting them with
adequate information regarding the financial status of the college and other issues of concern; - Supervises the Director of Grants
Management and oversees the strategic direction of the grants department, grants management, and policy-related activities. Coordinates
preparation of grant budgets, assists in accounting for expenditures of grant funds; ensures completion and submission of required financial
reports in accordance with grant/contract guidelines;
- Manages investments per the direction of the Board of Trustees and
executive administration; - Serves on committees as requested;
- Performs all other assignments as directed by the President,
and/or Senior Vice President/COO.
QUALIFICATIONS:
- Bachelor’s degree in business,
accounting or related field from an accredited institution required; Master’s or terminal degree, Certified Public Accounting or other
certifications (CFA, CMA) preferred. - Minimum of (7) years related work experience, including management in a higher education or
related environment. - Demonstrated analytical and computational skills
- Experience with strategic planning, data-informed
decision making, and program evaluation - Experience fostering strong partnerships with a variety of internal and external
stakeholders - Demonstrate superior oral, written, and interpersonal communication skills
- Detail oriented and ability to
meet deadlines - Ability to work in and lead a team environment
- Ability to work effectively and prioritize in a fast-paced
environment - Ability to support and articulate the vision of the President
KNOWLEDGE, SKILLS, and
ABILITIES:
The incumbent must possess specific areas of knowledge, skill, and ability to be able to explain and/or
demonstrate an ability to perform the essential functions of the job, with or without reasonable accommodation, using some combination of
skills and abilities. Furthermore, he/she must conduct such activities in support of the mission and purpose of Simmons College of
Kentucky.
- Demonstrate essential knowledge of financial concepts applied in a higher education environment.
- Demonstrate
strong communication skills inclusive of proving original writing, editing and verbal communication with varying audiences. - Must
possess required knowledge and be able to explain and demonstrate, with or without reasonable accommodations, that the essential functions
of the job can be performed. - Demonstrate expertise in project planning, development and implementation.
- Presenting
information and summary reports internally and to the public. - Understanding of the community college philosophy mission.
- Handling the demands and requirements of senior-level management in higher education.
- Effective management and leadership
models and techniques, including Servant-Leadership Principles.
PHYSICAL REQUIREMENTS:
- Work is
normally performed in a typical interior and/or office work environment. - No or very limited physical effort required.
- No
or very limited exposure to physical risk.
HOW TO APPLY:
For consideration, interested candidates must
submit a cover letter and resume. Cover letters must address candidate experience and qualifications for the position.
Job Type:
Full-time
Pay: $90,000.00 – $105,000.00 per year
Benefits:
- Dental insurance
- Health
insurance - Paid time off
- Vision insurance
Schedule:
- 8 hour shift
- Monday to Friday
Work Location: In person
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