Director of Finance-Business Office

Ivy Tech Community College • Kokomo, IN

24d • $65,000 - $75,000 • Onsite

About The Position

Under the direction of the Vice Chancellor of Finance, the Director of Finance provides strategic leadership and oversight of all campus financial operations. This position is responsible for maintaining strong internal controls, ensuring compliance with college policies and the Financial Management Manual, safeguarding institutional assets, and supporting informed financial decision-making across the campus. The Director oversees business office operations, including budgeting, cash management, procurement, accounts payable, accounts receivable, fixed assets, and financial reporting. There is NO remote option for this position.

Requirements

• Bachelor’s degree in accounting, Management, Finance, Business Administration, or related field required.
• Three years of related experience and two years of supervisory experience are required.
• Must be able to handle sensitive and confidential information professionally.
• Must be responsive to the needs of all internal and external customer requirements and complaints efficiently and professionally.

Nice To Haves

• MBA is preferred.

Responsibilities

• Provides ongoing financial analysis, forecasting, and variance reporting to campus leadership to support strategic decision-making.
• Monitors departmental expenditures to ensure adherence to approved budgets and resource allocation plans.
• Prepares and/or supervises the preparation of financial reports for the Chancellor, Vice Chancellor, School Chairs, and System Office.
• Coordinates and assists with fiscal year-end closing processes.
• Designs, implements, and monitors internal control systems to safeguard college assets and ensure regulatory compliance.
• Provides direct oversight of campus financial transaction processing, including review and approval of requisitions, supplier invoices, expense reports, and purchasing card activity to ensure compliance with procurement, travel, tax, and payment policies.
• Ensures appropriate budget availability, documentation, and policy adherence prior to financial approvals.
• Conducts periodic internal reviews and compliance audits in areas including travel, fixed assets, and purchasing.
• Performs monitoring to detect duplicate payments, credit memos, segregation of duties concerns, and financial irregularities.
• Interprets and enforces college financial policies and procedures.
• Oversees all campus cash management functions, including daily review of cash activity and reconciliation processes.
• Reviews and monitors bank reconciliations, clearing accounts, and cash transfers in accordance with college policy.
• Oversee petty cash controls and attestations.
• Completes and submits required quarterly cash management reports.
• Serves as campus liaison with banking partners and monitors activity within financial institutions and third-party payment platforms.
• Oversees campus procurement processes in accordance with college purchasing policy.
• Serves as Purchase Card Administrator for the campus.
• Provides support and compliance with guidance to faculty and staff regarding purchasing procedures.
• Serves as campus administrator or liaison for financial systems, including Workday, Banner, procurement platforms, banking systems, and third-party financial vendors.
• Oversee financial system security roles and conduct periodic access reviews.
• Ensures the integrity, accuracy, and timeliness of campus financial data.
• Creates and implements campus training related to financial systems, policies, and procedures.
• Directs Business Office functions, including purchasing, budgeting, accounts receivable, fixed assets, and journal entry control.
• Coordinates communications and problem-solving related to student accounts and Business Office operations.
• Ensures accurate record retention for all areas of supervision.
• Supervises scheduling and compliance monitoring of campus vehicles and related logs.
• Leads Business Office meetings and manages special projects as assigned by the Vice Chancellor or Chancellor.
• Maintains knowledge of all Business Office operations and provides operational support as needed to ensure continuity of services.
• Directly supervises Business Office staff.
• Assigns financial responsibilities and ensures appropriate segregation of duties.
• Conducts timely and constructive performance evaluations.
• Provides leadership that promotes accountability, accuracy, customer service, and student advocacy.

Benefits

• Retirement Plan with 10% Employer contribution, no match necessary, with no waiting period.
• Excellent Comprehensive Health & Wellness Benefits, including voluntary benefits: medical, dental, vision, retirement, life insurance, spouse/child life insurance, and Short and Long-Term Disability Insurance.
• Paid time off: vacation, sick, volunteer, and bereavement.
• Paid holidays: 9 paid holidays, plus paid winter break between December 25th and January 1st.
• Free tuition at any Ivy Tech location for employee, spouse, and qualifying dependents.
• Tuition Assistance is available for those pursuing higher education, including undergraduate and graduate certificates, degrees, and doctoral programs, at any federally recognized regionally accredited institution.
• Professional Development opportunities.
• Eligible employer under the DOL Public Service loan forgiveness program.

What This Job Offers

• Job Type: Full-time
• Career Level: Director