The Chief Financial Officer is accountable to the head of school and to the board of trustees for the administrative leadership of the non-instructional financial side of the school’s operation and for the efficient and effective management of the financial resources of the school.
Master’s degree in business administration, accounting, finance or general management; a minimum of five years leadership experience; demonstrated expertise in accounting, controlling, financial analysis, contract negotiations, project planning and management
Financial Planning and Control
Prepare and review financial and budget statements, investment and capital project reports for review and approval by the head of school, treasurer, finance committee and/or the board.
Provide reports to the finance committee and/or the board on significant financial matters as requested or appropriate.
Recommend any steps necessary to correct budgetary variances during the school year so that budgeted targets can be met.
Coordinate the planning, execution and financing of major construction projects at the direction of the head of school and/or board.
Manage key banking relationships and monitor all loans and indebtedness.
Maintain a system of internal controls and approvals for cost - control of resources to ensure integrity and effective processes for ordering, purchasing, delivery and expense reimbursement.
Prepare the preliminary annual budget after consulting with the head of school and submit proposed budget to the finance committee.
Recommend annual tuition rates, financial assistance budget, and salary scale/benefit plan increments.
Ensure expenditures are consistent with the approved budget and that deviations from the budget are explained and approved in advance.
Maintain appropriate procedures and controls for all financial systems, in accordance with IRS, AICPA and FASB standards, and for supervision of accounting and bookkeeping personnel.
Supervise business office activities including payroll, accounts payable, expense reimbursements, accounts receivable, cash, financial assistance, general ledger, purchasing, employee benefit administration, taxes and other accounting systems.
Manage the school’s relationship with its independent auditors and supervise the preparation of work papers for annual audit as well as report, respond to and/or implement the auditor’s administrative recommendations.
Prepare or oversee the preparation of all income, payroll, and exempt organizational tax returns, reports, and statements.
Supervise the administration of personnel programs and policies as they relate to hiring and termination procedures, time off, workers’ compensation, safety, security, professional development, performance, evaluation and compensation.
Provide appropriate benchmark data and information to the head of school and/or board, as appropriate, for compensation comparisons and the preparation of employment offers or arrangements.
Coordinate the recruitment and hiring of all staff within the business office.
Oversee the maintenance and security of personnel records.
Supervise the administration of benefit programs and ensure employees are appropriately informed about them.
Make sure personnel policies are communicated to employees and enforced and that the school’s actions regarding hiring, compensation, training, expense reimbursement, promotion and separation conform with local, state, and federal requirements.
Manage accounts receivable, financial assistance and parent contracts.
Oversee the collection of aged accounts receivable.
Work with parents on financial issues relevant to their children’s enrollment at the school.
Analyze, review, and approve financial assistance awards in collaboration with the head of school and enrollment management director
Administer the tuition refund insurance program, including filing claims and dispersing funds.
About Hutchison School
Founded in 1902, Hutchison is a vibrant leader in the Memphis community. While preserving timehonored traditions and respect for its founding on Christian principles and values, Hutchison welcomes faculty and students of all faiths and teaches appreciation for the differences among us. Within a structured and nurturing environment, Hutchison encourages each student to develop a lifelong joy of learning, to sharpen her intellectual curiosity, to cultivate artistic expression, and to strive for physical well?being. Students, administrators, parents, and teachers—the entire community—work together to develop each girl’s self?reliance and her commitment to our core values: integrity, respect, responsibility, honor, and excellence.
Interested and qualified candidates should submit the following electronically as separate documents to email@example.com
• Formal letter of application for the position;
• Current resume;
• Statement of educational philosophy and practice;
• List of at least five references with name, title, phone number and e?mail address of each.