Director of Finance & Operations
Bancroft School, Worcester, MA
Bancroft School is seeking an experienced and innovative financial leader for its next Director of Finance & Operations (DF&O). The DF&O is a key administrator reporting directly to the Head of School and works collaboratively with other members of the Administrative Cabinet. The DF&O provides strategic direction to ensure appropriate and maximum use of financial resources to support successful implementation of the school’s strategic plan, BLUEPRINT 125. The school would welcome a spring 2022 start date, with July 1, 2022 as a traditional appointment date. The position is currently held by a part-time, external professional.
About Bancroft School
Our Vision: Bancroft School works to be the first choice for students and families seeking to own their journey to mastery and independence in the greater Worcester region. We continue to strengthen our diverse and supportive community and invest in people to provide a robust education for all students in Pre-K through grade 12. Guided by outstanding teachers, curious learners engage with one another and celebrate the strengths and lived experiences of each individual.
Our Mission: Through active, inquiry-based learning and challenging experiences, Bancroft School empowers students with the skills, knowledge and confidence to make a difference in their community and the world.
Bancroft is a PreK – Grade 12 independent day school located in Worcester, Massachusetts — an energized city with a rich history and a bright future in which the school is deeply invested. Founded in 1900, the school’s 30-acre campus is in a residential neighborhood north of downtown. The school’s 400+ students come from 63 cities and towns across central Massachusetts and represent a wide variety of backgrounds and experiences that contribute to our distinctive and diverse learning environment. The school has a $15 million annual operating budget, raises over $500,000 in annual support, and maintains an endowment valued at $32 million.
The school is committed to cultivating a community that embraces diversity and an inclusive campus in which each individual is safe, known, and valued. Bancroft students develop deep connections in the community and form lasting relationships with faculty, coaches, and peers. Each child’s individual learning style and interests guide their explorations into core academic subjects, arts, sports, and co-curricular activities.
The Director of Finance & Operations (DF&O) is responsible for the overall financial and operational needs of the school. The DF&O oversees the long-term financial health of the school, implementing short and long-term goals in support of the school’s mission and vision. As a key member of the Administrative Cabinet, the DF&O serves as a strategic partner and key advisor to the Head of School, the Board of Trustees, and the administration. The DF&O is the lead liaison for the Finance, Audit, Investment and Physical Plant Committees and is an effective communicator to the full Board of Trustees on all financial matters. The Director of Finance & Operations oversees all required financial reporting, internal controls, cash, and investment and asset management in a compliant manner, maintaining accurate and timely continuous records on the financial position of the school so that the institution remains financially stable. The DF&O is instrumental in affirming compliance with all financial reporting requirements, both internally and externally. With the Audit Committee, the DF&O hires and manages the external audit firm to conduct the annual audit of the school’s financial records and financial position.
The DF&O builds the multi-year operational budget models and capital budgets using the school’s resources in the most efficient manner, realigning existing resources when necessary to adapt to the changing landscape of the independent school world.
The DF&O oversees the human resource function of the school, assisting the Head of School with salary and benefits for new and existing employees, negotiating benefit programs with appropriate vendors, administering benefits to employees, and overseeing the payroll process.
Besides oversight of the Business Office, the DF&O collaborates to administer other non-academic service centers of the school: Campus Enhancements, Facilities, Plant Operations, Safety and Security, Food Services, Technology, and Auxiliary operations. The DF&O takes the lead in risk-management initiatives, including the school’s insurance program.
Skills and Personal Characteristics:
- Leads by example, inspires others to lead, and works collaboratively at all times
- Is mission driven with a deep interest in education while fully embracing the importance and need for financial stability
- Demonstrates a high level of integrity in all matters
- Exhibits excellent strategic, creative, and analytical skills to assist a school with predictable, data-driven models
- Communicates effectively with all constituent groups, both in writing and orally, with ability to negotiate and influence others while articulating the school’s needs
- Establishes credible and long-lasting relationships necessary to represent the school in external outreach efforts, especially with banks, financial advisors, vendors, and public officials
- Strives for excellence, sees what needs to be done and assists whenever and wherever needed in a “roll-up your sleeves” fashion
- Manages competing needs, especially during peak workload periods, and changes direction quickly to respond to market demands or changes in the educational landscape
- Prepares detail-oriented budgets reflecting long-term strategic goals and short-term operating goals and examines the nuances of purchasing, contracts, and debt obligations
- Connects with people through compassion, empathy, and interpersonal skills and works well with parents, faculty, and staff at all levels within the school
- Understands the technology needed to operate successfully and embraces technological change to achieve efficiencies and cost-effective results across the organization
- Works enthusiastically and joyfully with a positive attitude and a good sense of humor
Education and/or Experience:
- Minimum of a bachelor’s degree in Business Administration or a related field, with an advanced degree or professional credential, preferred
- Demonstrated financial and operational acumen through work history in a complex working environment, with a record of increasing management responsibilities throughout career
- Experience in reallocating available resources to develop and implement new programs
- Knowledge of employee benefit plan administration, capital budgeting, and facilities management
- Work experience in a non-profit setting is preferred, but successful candidates from other sectors are encouraged to apply
Bancroft School has engaged Educational Directions to lead the Director of Finance & Operations search. Interested applicants should send a letter of interest, a current resume, and five professional references with contact information and the candidate’s relationship to each reference by January 23, 2022 to Jerry Larson, Managing Partner (firstname.lastname@example.org) and Sam Richards, Partner (email@example.com).
All applications and nominations will be held in strict confidence, and references will not be contacted without the candidate’s prior knowledge. Bancroft reserves the right to accelerate the search process for highly qualified candidates. Candidates are strongly encouraged to contact the consultants prior to writing a letter of interest and completing the application process.
Bancroft School is an equal opportunity employer. Bancroft and Educational Directions are committed to cultivating and sustaining a community that embraces difference and welcomes candidates who will add to the racial and cultural diversity of the Bancroft School community.