Chief Financial Officer

Posted a month ago
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Start Date
01/04/2021

Description

Job Title: Chief Financial Officer
Reports To: President
Functional Span: Finance, Operations and Facilities, Technology, Risk Management, 

Human Resources, Legal CTK Website: www.ctkjesuit.org 

Christ the King Jesuit College Prep, a Catholic coeducational school located on the West Side of Chicago for grades 9-12, seeks a Chief Financial Officer. The Chief Financial Officer will be a thoughtful partner with the Leadership Team and President, working to ensure that Christ the King efficiently and effectively utilizes its resources in fulfillment of the mission of the school. 

Reporting to the President, the Chief Financial Officer has the primary day -to-day responsibility for planning, implementing, and managing the financial operations and related activities of the school. This includes direct responsibility for accounting, budgeting, finance, investments, financial reporting, forecasting, risk management, legal, and human resources. The Chief Financial Officer will manage a team who are responsible for accounting, accounts payable, accounts receivable, tuition collection, financial aid, benefits administration, technology, and facilities. The CFO will provide advice and counsel to the President on all major strategic and management decisions related to the sound financial and legal operations of the school. 

With an annual budget of $7MM and total assets of $21MM, the school serves approximately 380 students annually and has 70 employees. The school has an endowment of $420M and Board-designated reserve funds of $1,050M. 

Finance: 

• Oversee the financial operations of the school: general accounting, accounts receivable and payable, treasury and cash management, review and approve all disbursements 

• Debt management and covenant compliance; structure and negotiate new borrowing facilities; bank relationship management 

• Payroll and benefits administration, employee insurance and 401(k) plans 

• School finance: tuition billing and collection, financial aid administration (policies, awards, income verification, appeals, revisions; coordinate with Admissions team) 

• Financial reporting: monthly reporting to department heads, leadership team, Board Finance Committee, and bank lenders; various quarterly, annual, and ad hoc management reports and analyses 

• Operating and capital budgets: prepare annually and revise as needed 

• Multi-year financial and operating plan: revised annually 

• Annual audit: GAAP financials that consolidate three legal entities 

• Financial planning and analysis 

• Investment of $420M school endowment and $1,050M Board-designated reserve funds; performance analysis and reporting to Board Investment Committee; update and ensure compliance with Investment Policies and Procedures 

• Oversight of Family Assistance Fund and College Persistence Fund 

• Office management, reception, supplies ordering and stocking 

• Assistance to Development, CWSP, and Academic teams on a wide range of finance matters: proper receipt and recording of donations, accounting, restricted funds, securities sales, payment processing, financial data for grant proposals, vendor RFPs, sponsor billing and collection, job price model, admissions analyses, etc. 

• School-wide data collection and analysis: weekly data report, periodic updates of admissions scoring model and student retention analysis 

• Coordinate with CRJHS business office on shared benefits plans and common functions, including CWSP billing and collections, HR and compensation policies, benefits (he alth, dental, life, disability, and vision insurance), insurance brokers, 401(k) plan and vendors (provider/record keeper, advisor, and third-party administrator), payroll processors, accounting software, auditors, finance manual, accounting and controls, and CWSP legal entity issues 

• All tax-related matters 

• Maintain appropriate finance policies, risk controls, and accounting policies and procedures 

• Liaise with finance and other staffs of Cristo Rey Network and Jesuit Schools Network, as needed 

• Lead working groups for special projects as needed, e.g., three-flat purchase and rehab, discounted debt payoff, pledge-backed loan structuring and negotiation, New Markets Tax Credit financing exit, CARES Act Payroll Protection Program loan 

Board committees: Finance, Investment, and Audit Reports: Business Office Director; Director of Student Accounts/Office Manager 

Operations and facilities: 

• Long-range facilities plan; tie to capital budget 

• Preventive maintenance programs; regular repair and maintenance programs, with prompt and efficient resolution of all work orders 

• Daily and other periodic cleaning 

• Vendor selection and supervision 

• Building security system: alarms, locks and keys, and RFID cards 

• Utility expense control; negotiate supply contracts and hedging, whe n appropriate 

• Three-flat repairs and maintenance 

Board committee: Facilities Reports: Building Engineer, to whom five facilities staff members report in turn 

Technology 

• Ensure appropriate technology support of school operations (academics, school administration, admissions, CWSP, student services, facilities, development, and business office); network storage, backup and disaster recovery, appropriate hardware and software 

• Special attention to 1:1 program hardware, and technological ability to function in physical, a/synchronous, and fully distributed modes 

• eRate: full use and proper compliance 

• Annual update of long-range technology plan 

• Maintenance and improvement of visual/audio security system, phones, printer-copiers, and classroom projectors/camera technology 

• Assist CWSP with technology related to attendance and performance (Salesforce), technology training (MS Office 365), and reemployment skill development 

• Improve digital document retention and workflow processing 

• Regularly review software used by different departments for opportunities to improve performance or lower cost 

School committee: Technology and Instruction Reports: Director of Technology 

Risk management 

• All matters relating to key insurance coverages (property and casualty, workers’ compensation, student activities, vehicles, excess/umbrella, directors and officers, professional liability, sexual misconduct); annual facilities risk survey 

• Review all contracts for liability, indemnification, and insurance issues 

• Prepare facilities use agreements for all outside parties who wish to use the school’s facilities 

Human resources 

• Annual (and, when needed, ad hoc) updates to Staff Handbook 

• Revise and expand HR policies as needed, especially those involving employment law and regulations 

• Update onboarding material for new employees and volunteers: background check and compliance (Virtus registration, fingerprinting, PGCA, CANTS, Mandated Reporter Training, AOC Code of Conduct), I-9, federal and state W-4, direct deposit, insurance and 401(k) enrollment 

• With the assistance of advisors and vendors, provide employees with regular, useful information about insurance, 401(k) investments, retirement planning, and similar matters 

• Prepare annual faculty contracts 

• Annual performance and compensation review process for all employees 

• Hiring, management, and termination assistance to managers, when needed 

• Illinois Department of Employment Security interface, when needed 

School committee: Policy 

Legal • Serve as Corporate Treasurer 

• Keep four legal entities in good standing, file annual reports, update bylaws; help Corporate Secretary perform functions of office 

General 

• Leverage external advisors: legal, insurance, accounting, banking, and facilities 

• Advocate for evidence-based decisions; know how to execute; model being a high- performing individual and a member of a high-performing team 

• Commitment to managing with integrity, competence, high standards, diligence, teamwork, accountability, ingenuity, and Ignatian values 

Mission Statement: Christ the King Jesuit College Prep, a Catholic school on Chicago’s West Side and a member of the Cristo Rey Network, challenges and inspires its young women and men through the integration of academics, work experience, and extracurricular activities to lead lives of integrity, faith, and servant leadership for the greater glory of God. 

Jesuit Schools Network: Christ the King is sponsored by the Society of Jesus, the Jesuits. Well known throughout the United States, the Jesuits sponsor more than sixty high schools and twenty-seven colleges and universities. Christ the King is a member of the Jesuit Schools Network, the national association of Jesuit schools in the United States and Canada. 

Cristo Rey Network: Christ the King is a member of the Cristo Rey Network, the national association of schools operating under the Cristo Rey model of education that includes our unique Corporate Work Study Program. The network currently consists of thirty-seven schools across the United States. 

To Apply: All interested candidates and referrals can be directed to Larry Krema, Managing Director at Allegis Partners. Lkrema@allegis-partners.com 312-925-5027

Posted By

Archdiocese of Chicago

5088 W. Jackson Bvd, Chicago, IL 60644