Chief Financial Officer (CFO)
The Chief Financial Officer is responsible for development, direction and administration of all financial affairs, financial planning, facilities and maintenance resources, human resources, services, and activities of the school both working with the school director and administration.
Essential Duties and Responsibilities
-Assists in formulating the school’s future direction as it relates to financial operations.
-Works with director in developing school budget.
-Monitors and directs the implementation of strategic business plans.
-Develops financial and tax strategies.
-Manages the capital request and budgeting processes that the NICS/Oasis organization requires.
-Develops performance measures that support the organization's strategic direction.
-Participates in key decisions as a member of the executive management team.
-Manages the accounting and operations departments within the school in the areas of accounts receivables, accounts payables, purchasing, inventory control, banking activities, and payroll and benefits programs.
-Manages any third parties to which functions have been outsourced, this would include the services of outside accounting and/or legal services.
-Oversees the school’s transactional processing systems.
-Implements operational best practices.
-Secures and manages audit process and investigates their findings and recommendations.
-Works with the accounting department in the preparation of the school’s financial statements.
-Reviews financial information and data to insure healthy indicators in the areas of: Liquidity, Debt Leveraging, Efficiency, Profitability
-Personally, reviews and approves all local government filings within host country.
-Maintains cash flow projection reporting.
-Reports financial results to the NICS/Oasis organization and any subsequent local boards, foundations, committees, etc…
-Arranges for debt and equity financing when needed.
-Understands and mitigates key elements of the school's risk profile.
-Monitors all open legal issues involving the school, and legal issues affecting the education industry.
-Constructs and monitors reliable control systems.
-Maintains appropriate insurance coverage.
-Ensures that the school complies with all legal and regulatory requirements.
-Ensures that record keeping meets the requirements of auditors and government agencies.
-Reports risk issues to the NICS/Oasis organization and any subsequent local boards, foundations, committees, etc…
-Maintains in-depth relations with all members of the management team.
-Oversees recruitment, supervision, and training of support staff, including accounting and payroll, maintenance staff and food services.
-Oversees the school’s transportation services and vehicles.
-Assists Director in monitoring short- and long-term construction, renovation, and maintenance projects.
To perform this job successfully, an individual must be able to perform each essential duty exceptionally. The requirements listed above are representative of the knowledge, skill and/or ability required.
Education and/or experience
Bachelor’s degree from four-year college or university required, Accounting or Business concentration preferred. Master’s degree preferred; three to five years related experience in the essential functions of the role as listed above.
Certificates, licenses, registrations
It is preferred that the Chief Financial Officer shall be a Certified Public Accountant, and/or have at least three to five years of proven experience in the vital elements of the position.
Professional demeanor and characteristics
Ability to demonstrate initiative, leadership, collaboration, and independent thinking. Must possess strong people management skills and emotional intelligence when dealing with colleagues, demonstrated understanding of and investment in the school, ability to craft and execute a financial vision for the school and to construct and execute an action plan to achieve short- and long-term financial goals.