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Chief Financial Officer
Job Description
| Position Title | Chief Financial Officer |
|---|---|
| FLSA Classification | EX |
| Reports to | Executive Vice President /Chief Operating Officer |
| Salary Min | Salary Based on Experience |
| Salary Midpoint | Salary Based on Experience |
| Salary Max | Salary Based on Experience |
| Weeks Per Year | 52 |
| Work Week | 40 hours (minimum) |
| Position Summary |
Assumes responsibility providing strong leadership and coordination of University financial planning, debt financing, budget management and daily financial operational functions of the University. Directs all long-range financial matters for the University of Hartford and establishes university wide financial objectives, policies, programs and practices which are designed to ensure a sound financial structure. Remains accountable to the COO, President and Board of Regents for financial integrity and audit compliance. Performs all duties in full support of the University’s mission, understanding that the positive and effective execution of these duties are instrumental to the education of the University’s students. Ability to model financial scenarios.
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Job Duties
This job description of the job is for identification and administrative purposes only. It is not intended to be a complete statement of all duties, which may be assigned by the supervisor according to varying needs.
| Description of Key Responsibility |
Establishes and executes strategic programs for the long-range financial stability of the University of Hartford. Evaluates the effectiveness of programs and directs the adjustment of programs to meet standards of excellence. Advises the COO, President and Board of Regents on all financial matters regarding the fiscal health of the University. Conducts annual and interim audits and assessments, and produces final reports which inform decisions regarding revisions to current policy, procedure, and/or practice. Assists the COO, President and Board in the formulation of University-wide financial objects and implements appropriate financial controls to maintain University financial integrity. Assesses University financial requirements and evaluates University capital in an effort to strategically meet University established goals and priorities. Controls the cash flow through the University to maintain the integrity of funds, securities and other financial resources.
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| Description of Key Responsibility |
Designs and implements business strategies, plans, and procedures based on comprehensive goals for performance and growth which align with University culture, vision, strategy and policy. Establishes metrics and goals for University financial operations in an effort to strategically place the university as an educational institution and employer of choice. Creates financial communication strategies which foster employee alignment with university goals.
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| Description of Key Responsibility |
Establishes, cultivates and maintains effective relationships with financial institutions. Ensures compliance with local, state, and federal budgetary reporting requirements. Administers banking arrangements and loan agreements. Maintains custody of the University’s moneys and securities, and ensures adequate sources for borrowings from lenders. Provides oversight to the investments of the University’s funds. Approves all agreements concerning financial obligations including, but not limited to, contracts for products and services.
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| Description of Key Responsibility |
Directs all financial planning and budget management functions, and establishes benchmarks for measuring the financial and operating performance of the University. Manages the financial forecasting by reviewing performance at established intervals and recommends adjustments as appropriate. Prepares financial analyses for the Board of Regents and President that outline sound financial decisions and recommendations. Works closely with departments to develop business plans which adhere to established policy.
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| Description of Key Responsibility |
Serves on planning and policy-making committees and represents the University externally to government agencies, auditors and the general public. Serves on the University Resource Planning and Priority Committee. Creates both short and long-term operational efficiencies to further strengthen the University’s financial position by diversifying sources of revenues as well as by introducing and overseeing lean management concepts and technologies.
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| Description of Key Responsibility |
Performs other related duties as assigned.
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Posting Detail Information
| Posting Number | PS839P |
|---|---|
| Working Conditions |
Normal office situation. Requires travel, including overnights.
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| Education |
Bachelors in Business discipline. Master’s Degree Preferred. CPA preferred.
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| Physical Effort |
Typically sitting at a desk or table
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| Special Skills |
The ability to work effectively with diverse groups. Able to build collaborative teams and develop and foster deep relationships across staff functions, faculty and administration.
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| Desired Start Date | |
| Position End Date (if temporary) | |
| Close Date | |
| Open Until Filled | Yes |
| Special Instructions Summary | |
| Quick Link for Internal Postings | https://hartford.peopleadmin.com/postings/6036 |
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