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Executive Director of Finance

Job Description

Position Type:
Date Posted:
Main Campus

Position Title: Executive Director of Finance
Dept: Financial Services
Employee Status: Full-time
Type: Administration
Grade: E
Target Salary Range: $84,689 - $112,394
FLSA: Exempt
To save time applying, Rock Valley College does not offer sponsorship of job applicants for employment-based visas for this position at this time.
Reporting Relationships
Reports to: Vice President / Chief Financial Officer.
Supervision Exercised: Supervision is exercised over appropriate exempt and non-exempt staff to include but not limited to Accounting staff, accounts payable, accounts receivable manager, payroll.
Job Summary
Develop, manage, and administer all college financial services including accounting services, accounts receivable, accounts payable, payroll, and budgeting.? Develop and administer internal control procedures relating to cash receipt, cash disbursement, and accounting operations. Responsible for all college and Foundation financial accounting and reporting, federal and state tax compliance, and?fiscal reporting to federal and state agencies. Provide fiscal oversight for grant programs, sponsored programs, and the RVC Foundation. Provide administrative direction and leadership for college-wide compliance with generally accepted accounting principles, GASB, FASB, and established college policy. Achieve and maintain a thorough operating knowledge in areas of assigned responsibility as detailed below.
Essential Duties and Responsibilities include the following. Related duties may be assigned.
  • Provide management direction accounting services, accounts payable, accounts receivable, and payroll.
  • Supervise, train, and mentor staff in a team environment; determine deadlines and plan staffing requirements, recruit, evaluate performance of staff; ensure and / or conduct staff training to provide departmental cross-training.
  • Provide leadership for the college initiatives related to cash management, debt management, and other financial services.
  • Provide leadership for the college initiatives related to purchasing, procurement, contract management and other business services.
  • Provide leadership in the absence of the Vice President Finance / Chief Financial Officer.
  • Recommend initiatives related to the college financial services and provide evaluative reports with recommendations for college action.
  • Direct and participate in all internal and external financial reporting, including internal financial reports, annual financial reports, informational tax returns, tax filings, governmental compliance reports, and financial surveys.
  • Ensure that routine and timely financial reporting and account analyses are performed.
  • Assist in preparation of the College’s annual budget
  • Develop and maintain the annual budget for Financial and Business Services department.
  • Approve appropriate journal entries for posting.
  • Responsible for Ellucian employee access to the financial systems.
  • Prepare State and Federal regulatory reports.
  • Maintain College’s Fixed Assets.
  • Prepare an annual report for the Financial Services department that will include objectives and accomplishments for the year and objectives for the next fiscal year.
  • Coordinate, plan, and participate in annual audits for College and Foundation and issuance of corrections of findings and recommendations. Work with external auditors (including federal and state auditors).
  • Manage and participate in preparation of the Comprehensive Annual Financial Report and the GFOA Certificate of Achievement for Excellence in Financial Reporting.
  • Manage relationships with financial institutions and external auditors.
  • Develop a close working relationship with other administrative offices as to maintain communication on college financial services and to determine the most effective means of providing these services.
  • Provide consultation to administrators, personnel, outside agencies and others concerning fiscal operations and activities; respond to inquiries, resolve issues and conflicts, and provide detailed and technical information concerning related accounts, funds, budgets, transactions, records, regulations and policies and procedures.
  • Assist with training activities for department staff and college personnel.
  • Serve on appropriate college committees.
  • Attend College Board meeting and College Board Committee meetings.
  • Maintain current knowledge of State and federal laws.
  • Regular attendance is expected.
  • Using tact and courtesy, the ability to establish and maintain effective relationships with persons contacted in the course of work.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Minimum Qualifications
Bachelor’s degree in Accounting or closely related field.
  • Certified Public Accountant (CPA) or CPA candidate preferred.
  • Masters Business Administration (MBA) preferred.
  • 7-10 years of management experience.
  • Demonstrated experience working with complex automated accounting systems.
  • Experience in preparation of annual financial statements.
  • High level of communication and analytic skills for the advisement of college executive decision-making and support of service requests.
  • High level of computer literacy and experience in Microsoft office Suite (Excel, Word, PowerPoint, Outlook, and Access).
  • Must be able to manage multiple tasks and meet crucial deadlines with accurate results.
  • Must be detail oriented individual with a strong work ethic.
  • Have the ability to research, interpret, and apply various accounting regulations and pronouncements to assigned tasks.
  • Experience in college, university or public agency.
  • Knowledge and experience with Illinois Community College Board (ICCB) fiscal manual.
  • Preferred experience with Ellucian Colleague.
Work Environment
While performing the duties of this job, the employee regularly works in an office setting.
Physical Demands
Physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job:

While performing the duties of this job, the employee is regularly required to use hands and fingers to handle, feel, or operate objects, tools or controls, and reach with hands and arms. The employee is frequently required to stand, talk and hear.

Full-time Positions: (ADL, ADM, PSA, ESP)
The chosen candidate for this position will be offered an excellent benefit package including medical, dental, vision, and group life along with AD&D insurance. In addition, optional flexible spending accounts, LTD, supplemental life insurance and AD&D for you and your dependents. State Universities Retirement System (SURS) pension in place of Social Security and optional retirement savings programs. Complimentary use of the Fitness Center for employee and spouse or domestic partner, Educational Assistance, and Tuition Waivers for employee and dependents, paid holidays, 20 vacation days first year, 12 days paid sick leave each year, three personal days each year, which can accumulate up to 9 days. The College has an onsite clinic - RVCare.

Rock Valley College values diversity and is committed to fostering an inclusive, diverse and respectful environment, as we believe that diversity in our organization encourages a rich and creative environment. We are actively engaged in building a more diverse organization and encourage all qualified applicants to apply today. We are also committed to providing accommodation for persons with disabilities. If you require accommodations, please contact our Human Resources Department at (815) 921-4760. Check out Diversity, Equity, and Inclusion, Wellness, Benefits, job openings, and more at Rock Valley College!

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