Position Overview: The Vice President, Fiscal Affairs and Controller provides strategic leadership and oversight for Merrimack’s financial, audit, tax and regulatory compliance, and investment functions. The Vice President is a member of the President’s Executive Leadership team. In alignment with the EVP, the VP is an important liaison to the Board of Trustee for various committees, most notably Finance and Audit committees. Responsible for the development, preparation, forecasting and execution of institutional spending plans, the development and implementation of methodologies to link financial planning with strategic planning, institutional investments, all institutional audits and other required reporting efforts such as rating agencies, as well as Achievement of institutional effectiveness.

Under the direction of the EVP and CFO, the VP and Controller is responsible for developing, directing, coordinating, and controlling day to day accounting, financial reporting, and oversight of key areas such as Accounts Payable, Bursar, Payroll, and Controller, within the College. The position provides oversight by providing direction to subordinates, consultation with senior level financial management, and persons and/or departments performing related functions over the financial activities of the College.  

Responsibilities:  

  • Serve as a member of the College’s senior leadership team and, in this capacity, to assist the Executive Vice President and CFO and other senior leaders in the formulation of operational policies, strategic initiatives, and the day-to-day management of financial opportunities and challenges.  
  • Provide all consultation and support necessary to EVP and CFO and other senior management in the development and monitoring of College financial policies, procedures, systems, and processes. Attend of prepare information for pertinent meetings. Make presentations before institutional boards and committees as needed.   
  • Demonstrated expert knowledge of finance and accounting with emphasis on non-profit (fund) accounting, including: debt management and municipal bond markets, investments and portfolio management.  
  • Provide direct leadership / supervision over the general accounting/financial reporting. Bursar’s Office, Payroll, and Accounts Payable functions. Personnel related actions such as hiring, performance appraisal, development, promotion, counseling, and exit.   
  • Provide support to the EVP and CFO as the primary resource with respect to technical accounting (GAAP and regulatory) and tax guidelines. Budget: lead the college’s annual and capital budget preparation, implementations, monitoring and reporting. Provide long-term resource planning, costs analysis and review.  
  • Manage financial projections and resource allocations.  
  • Oversee banking and availability of funds.  
  • Investment Administration: Support board investment policies and administer investment strategies on behalf of the President and the Board.   
  • Student Accounts: Oversee the billing and collection of student tuition and fees.   
  • Investment Administration: Support board investment policies and administer investment strategies on behalf of the President and the Board.   
  • Physical Asset Management: Ensure a strong physical infrastructure for the College. Oversight of capital projects and property acquisition.   
  • Responsible for the financial accounting and reporting, including formal analytical review of all material balance sheet, income statement, and donor funds.  
  • Collaborate on the development of documentation for and provide training programs to non-finance departments with respect to financial policies and procedures.  
  • Provide day to day consultation and coordination of functions with the Director of Procurement to assure control over college expenditures.  
  • Provide consultation and technical assistance to the HR department to assure proper accounting and reporting of payroll and related expenses.  
  • Responsible for the preparation of all required reports to Federal, State, City, and other regulatory bodies and groups for taxes, licenses, and other purposes. Direct all audits conducted by regulatory agencies.  
  • Direct the completion of annual audits and outside regulatory reviews.  
  • Oversight of Procurement Departments.   

Qualifications:  

  • Bachelor’s degree in business administration or accounting.  
  • Master’s degree with concentration in finance or accounting.  
  • Certified Public Accountant  
  • At least 10 years of experience in positions of increasing fiscal responsibility in non-profit accounting or control, preferably in higher ed.  
  • Proficiency in non-profit accounting with a knowledge of GAAP. Familiarity with financial accounting standard and IRS rules and regulations, cash management skills, experience with complex integrated automated systems.   
  • At least 6 years of management of direct reports.  
  • Outstanding financial expertise; strong technical skills in a range of financial and administrative disciplines; understanding of financial operations, and proven talent for the development and execution of long-term financial strategy.   
  • Proven ability to bring about complex change in a thoughtful manner and to implement solutions and establish best practices tailored to the unique needs of the institution; experience building consensus among peers, subordinates, and others throughout the organization.  
  • A track record of success navigating environments that place a premium of financial transparency and accountability.  
  • The demonstrated disposition and commitment to collaborate, superb listening and influencing skills; the ability to cultivate trust and credibility with colleagues.  
  • Capacity to thrive in an educational environment with a dedication to student success, faculty importance and shared governance  
  • A demonstrated commitment to advancing inclusiveness and diversity.  
  • Excellent communication skills, oral and written; the ability to convey technically complex financial information and concepts in accessible terms; excellent negotiation skills.  
  • Experience as a fair, respectful department leader and skilled administrator; proven ability to manage resources, human, financial and physical, to maximize productivity and assure the highest quality work.   
  • Demonstrated capacity to develop the talents and expertise of staff so that they are able to assume expanded responsibilities; proven ability to recruit and retain well-qualified, high performing professionals and empower them to succeed.   
  • A background in tax-exempt bonds and contract negotiations is highly useful but not required.  
  • Excellent planning, organizational, and coordination skills commensurate with oversight and evaluation responsibilities for a complex set of business and fiscal functions.   
  • Ability to effectively communicate clearly both verbally and in writing, and to establish and maintain effective working relationships with administration, staff, faculty, students, and external contacts.  
  • Demonstrated ability to motivate teams to produce quality materials within tight time frames and simultaneously manage several projects. The individual in this role must be able to guide a team to complete milestones within, or advance of, stated deadlines.  
  • In-depth knowledge of principles, practices and theories related to budgeting and financial analysis in ever-changing environment.   

Preferred:   

  • Project management skills and the ability to design solutions for internal/external constituents.  
  • Financial experience in a major not-for-profit educational, research, scientific or engineering institution.  
  • Experience with Jenzabar (CARS), data querying tools (Cognos, Adaptive Insights, etc.), relational databases, and Microsoft Office applications.   

To Apply: Please apply online with cover letter and resume.

This position is subject to the successful completion of a financial and criminal background check. 

Merrimack College is an Equal Opportunity Employer.  

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