Director of Finance

Catholic Schools in the Archdiocese of New York•Bronx, NY

About The Position

The Director of Finance is a member of the school's executive team reporting to the Principal. This position is also accountable to the Board of Trustees, and the various Preston stakeholder groups, including families of enrolled students. The broad responsibilities of the Director include supervising accounting staff, overseeing internal controls, setting financial targets, implementing fund-raising strategies with the Director of Development, implementing enrollment strategies with the Principal, Director of Admissions, and the Admissions Committee, developing financial strategy, conducting feasibility studies, monitoring expenditure, overseeing annual insurance, monitoring cash flow, evaluating investments, to assist and direct the School in maintaining effective financial strategies, managing debt, improving revenues, sustaining a healthy financial position, and enhancing stakeholder confidence.

Requirements

Supervising accounting staff
Overseeing internal controls
Setting financial targets
Implementing fund-raising strategies
Implementing enrollment strategies
Developing financial strategy
Conducting feasibility studies
Monitoring expenditure
Overseeing annual insurance
Monitoring cash flow
Evaluating investments
Managing debt
Improving revenues
Sustaining a healthy financial position
Enhancing stakeholder confidence
GAAP accounting methods and FASB reporting
Experience with Wells Fargo (implied by mention)

Nice To Haves

Experience with FACTS (implied by mention of processing fees)
Experience working with a Collection Agency

Responsibilities

Board of Trustees relations
Annual budget preparation and presentation to the Board of Directors, including proposed tuition rates, fees, personnel remuneration, plant maintenance, and bank financing.
Conduct of the annual external audit and published financial report.
Supervision/monitoring of capital project budgets, including payment of construction-related bills.
Maintenance and updates of the 5-Year Strategic Plan.
Tuition and incidental expense management, from invoicing to collections.
Payroll processing, including employee benefits deductions/earnings (medical, annuity, workmen's compensation, disability, 403(b) retirement plans, unemployment compensation).
Recommendations on investments.
Adherence to GAAP accounting methods and FASB reporting.
Regular banking procedures.
Review of disbursements (fuel, in particular) via accounts payable checks and ACH.
Maintenance and review of General Ledger accounts and reports.
Preparation of monthly and quarterly reports for workman's comp./PFL.
Review and payment of NYS DoL unemployment statements, when applicable.
SSP invoicing and reimbursements.
Management of revenues associated with all School programs and ancillary income.
Entry of Journal entries and adjusting entries.
Preparation of deposit journal entries for cash deposits.
Printing of G/L accounts for departments every September and February.
Providing Event Chairpersons with budget reports on a timely basis.
Cash Deposits to the bank.
Annual processing of student re-enrollment fees into FACTS after sending out notices to families.
Collection calls and working with Collection Agency to recover outstanding balances.
Serving as a key member on Admissions and Other Tuition Assistance Committees.
Overseeing and paying rent and other liability insurances to the RDC.
Providing guidance on and final approval of all key monetary decisions, including major initiatives, leases, capital investments, and all purchases of school assets and services.
Other duties/responsibilities as assigned by the Principal.