Fork Union Military Academy seeks an experienced leader to serve as Chief Financial Officer and oversee financial operations beginning February 2020.
The CFO will work closely with the President of the School and Chief of Staff in support of the school’s mission and strategic plan. Reporting to the Chief of Staff, the CFO will manage a team of seven direct reports. The position requires communication with the President of the School and collaboration with the Chief of Staff, faculty and members of the school’s leadership team.
The CFO will work with staff in the area of finance, budgeting and planning, purchasing, risk management, human resources and other operational functions as the need arises.
The CFO will work closely with the Director of Development to track annual giving and reporting. They will also work closely with the Board of Trustee appointed Endowment and Investment Committee, the Fork Union Military Academy Foundation and participate in strategic planning.
Prepare monthly, quarterly and annual financial statements for the President, Chairperson/Board of Directors and appropriate external organizations.
Manage the operating and capital budgets in coordination with the President, Board of Trustees and leadership team.
Prepare, analyze and interpret financial results for use by the senior staff and President in the decision-making and financial tracking processes.
Provide guidance and assistance to the leadership team in the management of their areas of operation; provide periodic budget status reports
Oversee financial programs including the accounting functions for budgeting, payroll, employee benefits, risk management, accounts receivable, accounts payable and tuition management using Fund Accounting and the SAGE 100 system.
Serve as primary contact person in relationships with commercial and investment banks, financial service providers, and certain government and regulatory agencies.
Monitor and manage short- and long-term investments consistent with guidance from the Endowment and Investment Committee and President of the Academy
Manage the annual audit
Manage accounts receivable and payment plans with excellent customer service for parents, students, employees, and other customers
Ensure the positive financial reputation of the Academy with vendors, suppliers, and other business associates
Advise and inform the Board of Trustees on financial matters relating to the Academy, including management of the Fork Union Military Academy Foundation
Manage and oversee the Academy’s insurance and benefits programs
Provide oversight of external contracts
Serve as the risk management officer for the Academy
Prepare 5-Year Financial Plan consistent with the strategic plan
Oversee business functions of the Academy (Quartermaster, Dining Facility, Sabre Shop)
Education and Experience:
Bachelor’s degree or higher from an accredited institution in Business Administration, Accounting or related field.
Command of Fund accounting principles.
Minimum of 5 years of professional experience with multiple responsibilities in leadership positions in operations, accounting or finance.
Eight to ten years of progressive financial management and accounting experience including financial systems, nonprofit reporting standards, and practices and supervision of professional staff.
Knowledge and training in investments, insurance, business law, employee benefits, human resources and operating and capital budget procedures.
Advanced knowledge of budgeting principles and practices (including the use of spreadsheet software), accounting principles, financial reporting methodologies.
Proficiency in SAGE 100, Office 365, and other appropriate computer applications.
Position Requirements—Knowledge, Skills, and Abilities:
Ability to process and maintain complex financial accounting accurately, following accepted accounting principles.
Create a high degree of credibility and possess a reputation as a knowledgeable financial and administrative professional.
Strong leadership and management capabilities.
Impeccable trust and honesty and the ability to handle confidential information appropriately.
Collaborative team player who participates in identifying the strategic direction of the Academy and supports the goals and decisions of leadership.
Ability to communicate effectively and present clear financial reports and fiscal concepts to diverse groups of individuals both orally and in writing.
Ability to develop and implement effective fiscal policies, procedures, principles and practices
Must have a high degree of flexibility, the ability to work multiple projects simultaneously, and a high level of independent thought and initiative.
Excellent communications, decision-making and problem-solving skills.
Working Environment and Required Activities:
This position is in a general office setting
Days and hours of work are generally Monday through Friday, 0800-1600.
Ability to sit or stand for long periods if necessary.
Ability to walk, sit, stand, stoop, reach, talk, hear and carry objects weighing no more than 40 lbs.
Must pass a criminal background investigation and drug test
Must adhere to a strict confidentiality policy
Possess a high degree of multi-tasking and time management capabilities.
Excellent written and oral skills
Must maintain a friendly and positive attitude.
Must have a high degree of professionalism.
Must be able to work as a productive member of a team.
Internal Number: CFO2020
About Fork Union Military Academy
Fork Union Military Academy is one of the leading US college preparatory boarding military schools for boys in grades 7-12 and postgraduate located in Fork Union, Virginia, right in the heart of central Virginia. We offer high quality academics and athletics within a structure built around character development, self-discipline, responsibility, leadership development, and Christian values.