Associate/Assistant Vice President for Finance
Company: Mount Holyoke College
Location: South Hadley
Posted on: February 25, 2021
Associate or Assistant Vice President for Finance (#1007)
Reporting to the Vice President for Finance and Administration and
Treasurer, the Associate/Assistant Vice President for Finance will
provide senior leadership for a high performing finance and
treasury department. The position will have oversight of various
functions of campus financial reporting, planning, and fiscal
transactions. The College is seeking a strategic, accomplished
financial professional, dedicated to working in a mission-driven,
highly collaborative environment. The successful candidate will
join the management team of the Vice President and will support
other financial and operational matters to be determined and as
necessary. The successful candidate must be able to communicate
effectively with all constituencies of the College about the
financial affairs of the College. Externally, the position is
responsible for supporting relationships with financial
institutions, rating agencies and peer institutions. The ideal
candidate must be well versed and remain current with compliance
regulations impacting college finances, laws, accounting standards
and tax requirements. Mount Holyoke utilizes a number of software
programs to support the financial recording and reporting of
transactions. The College is currently considering whether to
embark on a major ERP transition within the next 2-5 years. The
successful candidate would have an integral role in any transition.
A more detailed listing of the responsibilities of this position
are as follows. CORPORATE GOVERNANCE
- Supports the Vice President for Finance in areas of
communications on financial topics across the community and serves
as a finance liaison on committees.
- Responsible for presenting and preparing materials for the
Board of Trustees' Finance Committee and the Audit and Risk
Committee, along with other members of the Finance Team.
- Serves as a Board member on the Collegiate Catalyst Fund, the
College's insurance captive.
- Serves on the College Fiduciary Committee of the 403(b)
retirement plans and other fiduciary committees.
- Collaborates closely with the College Relations Office on
various gift issues, including serving on the Gift Acceptance
Committee and is responsible for trust and bequest gifts to the
College. STRATEGIC FINANCIAL PLANNING
- Manages the College's financial projection model and helps to
determine strategic direction of the College.
- Collaborates with various departments on setting the
assumptions for enrollment, endowment, gifts, and financial aid.
Works with the Budget Director to provide reporting on the budget
to the Community.
- Works closely with the Budget Director around the annual
operating budget and aligning operating budget reporting with
audited financial statement reporting.
- Reviews and proposes financial policies to protect the
long-term health of the College.
- Along with Executive Director of Facilities and other
stakeholders, oversees the preparation of the College's capital
- Oversees the endowment spending calculations and the endowment
spending distributions; ensuring the College is in compliance with
its endowment spending guidelines and current with state law
- Responsible for restricted fund management and spending.
- Provides analysis in strategic planning projects, coordinating
financial analysis and developing financial scenarios and
projections as needed.
- Provides financial analysis for major capital projects and
financing strategies. FINANCIAL OPERATIONS, COMPLIANCE AND
- Manages the work and performance of the Finance Department
which is responsible for all accounting, receipts, expenditures,
and financial transactions being processed and accounted for in
accordance with accounting standards, internal policies, donor
instructions, and management directives.
- Oversees the Finance Department's management of the College's
general ledger, accounts payable, grants and endowment fund records
of the College. Ensures that financial policies and procedures are
appropriate and operating as intended.
- Manages the relationship with the College's independent
auditors and oversees the timely completion of the various required
- Oversees the preparation and timely filing of required
government reports and surveys-e.g., IPEDS report, Department of
Education EZ audit.
- Oversees the preparation of required grant reports for
government, foundations, and others.
- Oversees the required tax filings including but not limited to
the IRS Form 990, 990T, and 1099 forms as well as various state
- Collaborates with other departments that are responsible for
information feeding into the financial systems; including payroll,
student financial services and advancement. TREASURY OPERATIONS
- Oversees the College's banking relationships including the
review of products, for banking, PCard and credit card
- Working closely with the Assistant Treasurer, manages cash flow
projections and operating cash needs of the College for the purpose
of the liquidation of endowment investments to achieve desired
endowment spending for the budget. DEBT MANAGEMENT
- Oversees existing bond issues-i.e., manages construction fund
expenditures and fulfillment of legal requirements, annual
arbitrage calculations, obtain annual insurance
- Manages the relationship with the bond rating agencies in
conjunction with the Assistant Treasurer to obtain the most
favorable rating-provides annual information, manages periodic
rating reviews, monitors possible impact of financial actions on
- Coordinates new issues or refinancing of old issues. Supports
Vice President with Board subcommittee, debt planning, and
negotiation of terms. Manages selection of underwriters, law firms,
and trustee; preparation of legal documents; reviews with rating
agencies; and final approval and marketing of issue. Education,
skills and qualifications:
- 10+ years of progressively responsible and related experience
- The successful candidate will have a proven track record of
- In addition they will have supervisory experience, excellent
analytical and organizational--skills, advanced knowledge of Excel
and/or Google sheets and proficiency with--accounting
- As the College is considering a major ERP transition, the
experience of having held a--leadership role in a system transition
will be strongly preferred.
- Higher education or not for profit experience is encouraged but
not required. Mount Holyoke College is an Equal Opportunity
Employer. Mount Holyoke College is committed to enriching the
educational experience it offers through the diversity of its
faculty, administration, and staff members. Mount Holyoke seeks to
recruit and support a broadly diverse team who will contribute to
the college's excellence, diversity of viewpoints and experiences,
and relevance in a global society. In furtherance of institutional
excellence, the College encourages applications from individuals
from underrepresented groups, including faculty, staff, and
administration of color, diverse gender identities, first
generation college students and individuals who have followed
non-traditional pathways to college, and individuals with a
demonstrated leadership commitment to including diverse backgrounds
and perspectives. 1 Skinner Hall
Mount Holyoke College
50 College Street
South Hadley, MA 01075 101 Mary Lyon Hall
Mount Holyoke College
50 College Street
South Hadley, MA 01075 Phone: 413-538-3093
Mount Holyoke College
50 College Street
South Hadley, Massachusetts 01075
Keywords: Mount Holyoke College, Springfield , Associate/Assistant Vice President for Finance, Executive , South Hadley, Massachusetts
Didn't find what you're looking for? Search again!