Vice President for Finance and Facilities/Chief Financial Officer

Company: Commonwealth of Massachusetts
Location: Salem
Posted on: January 23, 2025

Job Description:

An Official website of the Commonwealth of MassachusettsALERTEffective January 25, 2024, Executive Order #627 cements the Commonwealth's well-established practice of skills-based hiring, paving the way to a more equitable hiring process. The Commonwealth is committed to ensuring a diverse and inclusive workplace where all employees feel respected, valued, and empowered to serve our citizens. Join us today!Job Description - Vice President for Finance and Facilities/Chief Financial Officer (24000AUD)Overview:Salem State University (SSU), a public regional comprehensive university, located on Massachusetts' North Shore region, seeks an innovative, collaborative, and strategic leader to serve as its next Vice President for Finance and Facilities/Chief Financial Officer (VPFF/CFO). Located just 15 miles north of Boston, Salem State is one of the largest and most diverse state universities in the Commonwealth of Massachusetts and is an important partner in the economic, cultural and intellectual vitality of the greater north-of-Boston region.Reporting directly to the President, the VPFF/CFO is responsible for a broad portfolio which includes the business office, facilities and capital planning, as well as auxiliary sites, services, and contracts. The VPFF/CFO is SSU's chief financial officer and oversees an annual operating budget of $183 million. They will also be a primary liaison to the University's Board of Trustees Finance and Facilities Committee and serves as co-liaison as staff to the Board's Risk Management and Audit Committee.The VPFF/CFO will be a collegial and collaborative campus partner, providing strategic leadership for all short- and long-term financial decision-making. They will be a motivating change agent with an investment mindset, working across the institution to move forward the University's enrollment plan, identify strategic investment and revenue generating opportunities, and implement sustainable business plans. They will implement best practices and innovative uses of technology to strengthen administrative functions and advance strategies for campus maintenance, improvement, and space utilization.Key Responsibilities:

• Develop and oversee the university's financial strategy, including budgeting, forecasting, and long-term financial planning.
• Ensure compliance with state and federal regulations, financial audits, and reporting requirements.
• Oversee accounting, treasury, procurement, and payroll operations.
• Optimize resource allocation to support institutional priorities.
• Facilities Management:
  • Oversee the planning, maintenance, and development of campus facilities to ensure a safe, functional, and sustainable environment.
  • Manage capital projects, including construction, renovation, and deferred maintenance initiatives.
  • Implement strategies to enhance campus sustainability and energy efficiency.
  • Strategic Collaboration:
    • Work closely with university leadership, including deans and department heads, to align financial and facilities strategies with academic goals.
    • Engage with external stakeholders, including state agencies, donors, and community partners, to secure funding and support for university initiatives.
    • Leadership and Team Development:
      • Provide direction and mentorship to staff across the Finance and Facilities departments.
      • Foster a culture of accountability, innovation, and continuous improvement.Minimum Qualifications:
        • Education:
          • Bachelor's degree in finance, accounting, business administration, or a related field.
          • A CPA, CFA, or advanced degree (e.g., MBA, MPA) is required.
          • Experience:
            • Minimum of 10 years of progressively responsible experience in financial management, preferably within higher education or a similarly complex organization.
            • Demonstrated experience overseeing finance and facilities functions.
            • Proven track record of managing multimillion-dollar budgets and leading large teams.
            • Skills and Knowledge:
              • Strong understanding of higher education financial models, state funding processes, and regulatory compliance.
              • Proficiency in financial planning systems, ERP software, and other enterprise-level tools.
              • Exceptional communication, negotiation, and interpersonal skills.APPLICATIONS, NOMINATIONS, ANTICIPATED SALARY RANGE AND INQUIRIES:Confidential inquiries, nominations/referrals, and applications (including resumes and letters of interest responding to the opportunities and challenges outlined above) should be sent electronically to Salem State University via this link. The anticipated salary range for this position is $190,000-$220,000 annually.Salem State University is an equal opportunity employer.Members of underrepresented or minoritized groups, women, veterans, persons with disabilities, and all persons committed to equity, diversity, and inclusive excellence are strongly encouraged to apply.
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Keywords: Commonwealth of Massachusetts, Newton , Vice President for Finance and Facilities/Chief Financial Officer, Executive , Salem, Massachusetts