Jobs

Newton Country Day School of the Sacred Heart

CHIEF FINANCIAL OFFICER

Job Description
SCOPE and SUMMARY
The Chief Financial Officer (CFO) is the Head of the School’s strategic business partner, providing fiscal and operational analysis and support. The CFO works closely with the Senior Leadership Team to ensure the School’s finance and operations functions support its mission, core values, and strategic plans. The CFO leads the finance function at Newton Country Day School. Reporting to the Head of School, the CFO collaborates with the Board of Trustees, Finance, Investment, and Facilities committees to allocate resources in alignment with strategic and financial goals. Ensuring compliance with federal, state, and local financial regulations, the CFO educates and manages staff to adhere to GAAP, internal controls, and best practices to maintain the integrity and accuracy of financial processes and records.

RESPONSIBILITIES AND AUTHORITY OF THE CFO
The CFO supervises and manages all aspects of the school’s financial operation, including budgeting, forecasting, and financial reporting. Serving the Head of the School and the Board of Trustees, the CFO helps meet fiduciary responsibilities to achieve the school’s goals and support its mission.
Responsibilities include:
Supervise employee payroll/benefits, accounts receivable, accounts payable, vendor selection, general ledger, annual budget, annual external audit processes, endowment administration, and rental properties.
Oversee the physical operation of the school, collaborating with Director-Facilities, including building and grounds maintenance, housekeeping, and capital expenditures.
Manage auxiliary programs, including food service.
Oversee the risk management program and ensuring compliance with all government regulations.
Serve as a member of the Senior Leadership Team (SLT) and as Treasurer of the Boston Academy of the Sacred Heart Corporation.
Collaborate with the Director of Enrollment Management in overseeing tuition assistance.

ESSENTIAL DUTIES
Accounting and Audit
Establishes overall accounting, budgeting, and financial reporting systems, policies, and procedures.
Analyzes reports and project trends, and interprets operational results to the Head of School, Board of Trustees, and committees.
Evaluate and develop appropriate accounting software programs to ensure clarity, accuracy of report,s and efficiency.
Oversees the accurate and consistent recording and reporting of financial and accounting data processed by the Controller and the AP/AR Manager.
Budget and Financial Reports
Oversees annual budgeting, including:
Preparing the yearly budget and meeting with the Executive & Senior Leadership Teams.
Assist instructional and administrative departments with forms, assumptions, projections, and consultations,
Generating projections for income and expense accounts;
Coordinating capital expenditures;
Developing recommendations for tuition and fee scales and salary and benefits ranges.
Presents the annual budget to the Head of School, Board of Trustees, and committees with observations and recommendations.
Direct the preparation of monthly, quarterly, and annual financial statements for departments, the Head of the School, the Board of Trustees, and committees.
Human Resources
Support the Head of School in the strategic development of an employee benefit package that attracts and retains employees while managing expenses.
Streamline and standardize human resource practices to negotiate benefits that provide a competitive benefits package for employees.
Ensure that human resource policies and practices are clearly articulated, consistently applied, and in compliance with legal requirements.
Manage and address employee matters as necessary.

Compliance and Risk Management
Ensure compliance with all financial regulations and standards.
Oversee internal controls and audit processes to safeguard school assets and minimize institutional risks.
Identify, assess, and prioritize risks, applying resources to minimize, monitor, and control the probability or impact of adverse events.
Building Relationships
Collaborate with the Executive & Senior Leadership Teams to set viable enrollment goals at the beginning of each fiscal year.
Implement sound financial practices to ensure the sustainability and growth of Catholic education in the community.
Serve as a member of our school’s leadership team, managing accounting functions, budget preparation, financial reporting, fiscal compliance, cash flow, and overseeing the Finance staff.
Maintain and secure banking vendor and credit relationships.

QUALIFICATIONS
Bachelor’s degree or greater in Finance, Accounting, or Business Administration.
10+ years in a senior financial leadership role within an educational institution or equivalent not-for-profit environment.
Organizational and managerial skills and the ability to ensure systems and procedures are effective, efficient, principled, and equitable.
High cultural competency and emotional intelligence, passionate about girls’ education and leadership.
Progressive, intrinsically motivated, planful yet action-oriented, knowledgeable about best practices as they relate to finance and operations, strategic, and highly relational.Compensation

COMPENSATION
The target salary range for this position is $250,000–$275,000, with the final salary determined on the candidate’s experience, skills, and qualifications.