DEERFIELD ASSOCIATES is pleased to announce a high profile search on behalf of a long-term and most valued client in The Taft Schoolfor a Chief Financial Officer/Business Manager. The Taft School is seeking an experienced, energetic, collaborative professional for the position of CFO/Business Manager, reporting directly to the Headmaster. The successful candidate will manage a team of professionals and support staff (including facilities) of over one hundred and twenty (120) and join a dynamic, experienced and collegial team. The position requires interaction and teamwork with the Headmaster, senior administrators, faculty members, staff, vendors and the Board of Trustees. This opportunity is available in January 2019.
The Taft School is a private, coeducational grade 9-12 day and boarding school located in Watertown, Connecticut. Founded in Pelham Manor, NY in 1890 by Horace Dutton Taft, the brother of the president, the school was relocated from a single residential home to a former hotel in Watertown in 1893. Over the ensuing century, the school has grown in every way: from a handful of students and faculty in a one building campus to an internationally recognized school set on a beautiful 220-acre campus. Today, Taft is one of the nation's top middle-sized boarding schools. The admissions process is a highly selective one. In 2017 there were 1,677 applicants for 187 places, and the diverse student body is comprised of students from 32 states and 42 nations. Currently, the school has 492 boarders and 100-day students. The school has approximately 250 employees, of which 127 are faculty. The alumni number 9,500 and in 2017 42% supported the Annual Fund. In 2017, the Parents’ Fund had 92% participation and raised over $4.5 million, the highest among peer schools. The campus, valued at $190 million, is comprised of relatively older collegiate gothic style buildings built approximately ninety years ago as well as two dormitories, a hockey rink, and a state of the art science and math center, all of which were completed in the last twenty-five years. To learn more about The Taft School visit www.taftschool.org
As a result of disciplined fiscal management, prudent endowment oversight, and a successful capital campaign which concluded in 2017, today Taft is on sound financial footing. The endowment stands at approximately $255 million, and the school consistently balances its budget. Taft's major revenue source is tuition, and approximately 65% of the annual operating budget ($32 million) comes from that source. The school gives out financial aid to 35% of its students. Taft's cost per student and endowment per student (net of debt) are low relative to its peer schools. Taft's endowment spending rate in 2017 based on a trailing 13-quarter average was 4.1%. The school's annual fund for 2017 amounted to $4.5 million, and capital gifts of $7.0 million were received. Taft has earned an Aa3 rating from Moody’s Investor Services and has nearly $40 million of outstanding municipal bonds issued to various capital projects on campus.
This high visibility senior leadership position will be filled following a comprehensive national search. A full search description including the academic credentials, work experiences and skill sets required may be viewed at: https://deerfieldassociates.com/the-taft-school-cfo/.
The CFO/Business Manager position at Taft offers an exciting and supportive work environment, a competitive salary and benefit package which includes medical and dental plans, a pension plan, tuition remission, housing or a housing stipend and four weeks of paid vacation. Taft School is an Equal Opportunity Employer. To explore this superb career opportunity on a highly confidential basis, interested individuals should send a resume (including a postal mailing address), letter of interest (both as WORD documents) and a list of references (which will only be contacted if there is mutual interest) to: Doug Cooney, Executive Search Consultant, DEERFIELD ASSOCIATESExecutive Search, Inc. 572 Washington Street, Suite 15, Wellesley, MA 02482 Telephone: 781-237-2800. Email: firstname.lastname@example.org
About The Taft School
Deerfield Associates is a retained executive search firm based in Wellesley, Massachusetts. www.deerfieldassociates.com Our focus is national in scope and for senior level administrative searches in education. www.deerfieldassociates.com