Associate Vice President, Business Affairs - Scripps College

Another Source•Claremont, CA

8d•$225,000 - $287,500

About The Position

Another Source’s client, Scripps College, is recruiting an Associate Vice President for Business Affairs and Assistant Treasurer to join their team in Claremont, CA. Here’s a little about Scripps College and the position they are recruiting for: Scripps College is a nationally recognized liberal arts college for women, located in Claremont, California, and a founding member of The Claremont Colleges. Since 1926, Scripps has been known for its rigorous academics, close-knit campus community, and strong emphasis on leadership, civic engagement, and institutional values. The College is deeply committed to the safety, well-being, and resilience of its community and approaches risk management and preparedness as shared responsibilities that support its academic mission. The AVP for Business Affairs plays a critical role in supporting the College’s operational and financial strategy in partnership with senior leadership.

Requirements

Master’s degree in business, finance, or related field (or equivalent experience)
10+ years of progressive financial leadership experience in higher education preferred.
Deep understanding of higher education finance, particularly tuition-dependent liberal arts institutions preferred.
Strong financial modeling, scenario planning, and risk management expertise.
Proven experience with governance, compliance, internal controls, and audits.
Collaborative, solutions-oriented leadership style with sound judgment and initiative.
Ability to communicate complex financial issues clearly to diverse stakeholders.

Nice To Haves

CPA strongly preferred.

Responsibilities

Works collaboratively with colleagues across campus and actively participates in and manages the College’s financial operations, data, and partners, serving as a community of practice for finance and operations professionals throughout the College.
Serves as a key advisor to the Vice President for Business Affairs/Treasurer; participates on the Vice President’s Executive Leadership Team.
Represents Business Affairs on college-wide committees, task forces, student forums, and on external business and higher education settings.
Provides institutional leadership in financial strategy, resource allocation, and operational effectiveness aligned with the College’s strategic priorities.
Represents the College at Business and Finance Advisory Committee (BFAC) or other Business Affairs meetings when requested by the Vice President/Treasurer.
Attends, presents, and provides staff leadership support for Financial Stewardship, Investment, and Audit, Risk and Compliance Committees of the Board of Trustees, including preparation of materials and maintenance of meeting records as assigned.
Active support for the College’s Principles of Community and Institutional Values in the performance of job duties.
Attends the NACUBO, WACUBO, and PACCON annual meetings.
Provides vision, leadership, and oversight for the Budget and Procurement Office, including development, management, analysis, and reporting of the College’s financial resources.
Manages the College’s comprehensive budget process, including operating, capital, auxiliary, and cash flow budgets, position control, and long-range financial planning.
Develops near-term and multi-year financial forecasts; analyzes trends and variances; and presents clear, actionable financial reports to senior leadership.
Establishes and maintains budgeting policies, procedures, and timelines; coordinates annual budget development and review processes across divisions.
Provides staff support to the Presidential Budget Advisory Committee in partnership with committee chairs, including agenda preparation, meeting coordination, analysis, presentations, and documentation.
Oversees preparation and submission of required financial surveys and reports for external constituents, regulatory bodies, and benchmarking organizations.
Supports the Vice President in developing, documenting, and implementing financial and administrative policies; conducts financial analysis and benchmarking to inform policy decisions.
Oversees student account services, accounting operations, and financial reporting to ensure accuracy, timeliness, and compliance with internal policies and external regulations.
Directs and evaluates accounting programs, personnel, and operations to ensure compliance with College policies and applicable state and federal regulations.
Ensures strong internal controls across all financial operations; identifies and mitigates financial and operational risks.
Oversees daily budget and accounting operations, including review and approval of journal entries, financial reconciliations, and fiscal analyses.
Serves as liaison to the Controller’s Office at The Claremont Colleges Services Financial Services Office on accounting matters, audits, year-end close, and financial reporting.
Coordinates and supports internal and external audits, including implementation of audit recommendations in collaboration with the Vice President/Treasurer.
Oversees management of the College’s investment portfolio and maintains primary relationships with investment advisors, consultants, custodians, and fund managers.
Reviews, analyzes, and reports on investment performance, asset allocation, liquidity, and risk.
Reviews limited partnership and master limited partnership agreements; coordinates legal review and ensures compliance with all reporting and execution requirements.
Serves as staff liaison and primary support to the Investment Sub-Committee of the Board of Trustees.
Acts as the managing agent and principal contact for the College’s third-party investment advisory firm.
Advises and supports student-led financial initiatives, including the Student Investment Fund and student-run enterprises, on accounting, financial reporting, governance, and internal controls.
Provides leadership and coordination for financial planning related to facilities services and capital planning, including construction management, capital renewal, and lifecycle planning.
Assists the Vice President with capital projects from planning through construction closeout, including budget monitoring and oversight of contractor payments.
Partners with Facilities Services to align capital investments with institutional priorities and financial capacity.
Assists the Vice President in managing the College’s real estate portfolio, including faculty, staff, and student housing properties.
Coordinates with The Claremont Colleges Services real estate office on property management and tenant services; serves as the managing agent for the College’s services contract with The Claremont Colleges Services real estate office.
Advises on tenant relations and routes service requests appropriately.
Analyzes housing and real estate acquisition opportunities, including market analysis, financial forecasting, and return-on-investment modeling.
Provides support for real estate transactions, including broker coordination, financing, appraisals, escrow, and closings.
Acts as liaison for faculty loan programs, coordinating with faculty, and real estate office.
Supervises treasury functions including related responsibilities of the Senior Accountant and reviews the cash flow functions performed by the Associate Controller.
Ensures short-term cash investments are balanced for investment return and adequate cash flow for the College’s resourcing needs.
Maintains treasury dashboard that includes appropriate financial ratios.
Processes and manages real estate proceeds
Reviews the College’s long-range planning models maintained by the Budget Manager.
Assists the Treasurer with developing and maintaining capital plans tailored to Scripps’s strategic needs, short-, mid-, and long-term.
Conducts and reports on financial stress tests to assess institutional resilience under various scenarios.
Analyses and stress tests revenue streams, cash flows, and assessment of financial outcomes based on variable assumptions and economic sensitivities.
Reviews Treasurer’s capital structure plan quarterly.
Monitors debt and credit strategies.
Consults and collaborates with College’s financial advisory consultants on public financial markets including bonds, direct loans, sale leaseback, debt markets monitoring, bank industry tracking and reporting, tax-exempt and taxable strategies, bond/debt instrument pricing and credit rating strategy, provide debt covenant review, make compliance recommendations and forward guidance.
Coordinates with bond counsel on matters related to debt, financing, and compliance with legal requirements.
Ongoing monitoring and evaluation of sale leaseback transactions for compliance and performance.
Ensures compliance with all terms and obligations related to building leases.
Assesses and verifies of compliance with ground lease agreements.
Arbitrage calculations and reporting.