Bosque School, a non-profit independent school serving approximately 500 students in grades 6-12, seeks an experienced financial accounting professional to be the Chief Financial Officer (CFO). The CFO reports to the Head of School and works strategically with the Board of Trustees in managing the School’s resources prudently and safeguarding the School’s assets, ensuring the financial viability of Bosque School for future generations. The CFO performs professional accounting work involving compilation, consolidation and analysis of financial data, and establishes appropriate financial controls and procedures. The CFO supervises the Business Office staff, Human Resources Coordinator, Director of Facilities, Director of Information Technology and the Summer Program Coordinator. The CFO maintains and fosters high ethical standards, integrity and respect for the school community in the conduct of the school’s business.
FINANCIAL PLANNING RESPONSIBILITIES
Project cash requirements and invest cash to attain an appropriate return.
Establish a plan and schedule for the preparation of the annual budget that will permit the setting of the succeeding year’s tuition
Coordinate and direct the preparation of the budget and financial forecast, institute and maintain other planning and control procedures, analyze and report variances
Cultivate banking relationships; manage debt and bond covenant compliance
Maintain appropriate levels of insurance to protect the property and mitigate potential liabilities for the school
Prepare and monitor projected capital campaign cash sources and uses ensuring availability of cash for planned projects and compliance with donor restrictions
Ensure the school’s ability to adequately fund scheduled maintenance and long-term plant replacement
Collaborate with the Director of Enrollment Management to ensure that the school’s Financial Aid policy and practice is congruent with annual net tuition revenue targets
Complete special financial projects as requested by the Head of School
ACCOUNTING, REPORTING AND AUDITING RESPONSIBILITIES
Responsible for compliance with all school, federal, state, and local procedures and regulations
Maintain the school’s system of accounts to ensure compliance with Generally Accepted Accounting Principles; oversee the books and records on all school transactions; assure the general ledger accurately reflects the school’s financial position
Review the monthly financial statements and verify performance of necessary accounting procedures (journal entry preparation, accruals, balance sheet reconciliation, etc.)
Submit quarterly financial statements to the Head of School, Finance Committee and the Board of Trustees; interpret reporting as needed
Analyze current financial status in relation to current budget, and prior year fiscal performance
Provide financial reporting to the Director of Development on a monthly basis, including fundraising revenue data for reconciliation to the Development database
Furnish internal and external accounting and cash reports as necessary (i.e. Community Engagement Programs, Parents Associations, construction projects, bond compliance certificate, etc.)
Provide staff support, in conjunction with the Head of School, to the Finance Committee, Audit Committee, Investment Committee, Facilities Committee and the Board of Trustees
Manage the process for the school’s annual audit and federal tax return, including the preparation of all requested schedules. Manage the review of the audit and tax return by the audit committee and the Board of Trustees
Oversee collection activities for accounts more than 90 days past due, refer accounts for collection as needed, and work with the attorney on accounts turned over for litigation
EMPLOYEE & COMMUNITY RELATIONS RESPONSIBILITIES
Oversee the management of risk at the school to ensure the safety of personnel and students in their use of the facilities
Assist the Head of School with decisions regarding salaries and benefits for all personnel
Serve on the Head of School’s Leadership Team
Support the school and its leadership. Be actively Involved in developing and executing a Strategic Plan for the school.
Represent the school at various regional, state, and national associations relative to the role of CFO
Supervise the Business Office staff currently comprised of a Controller, Business Office Manager, Staff Accountant and Human Resources Coordinator. Responsibilities include hiring, training, coaching, performance evaluation and disciplinary action
Supervise the Summer Program Coordinator, Director of Facilities and Director of Information Technology. Responsibilities include hiring, training, coaching, performance evaluation, disciplinary action and ensuring the Facilities and IT departments meet the needs of the school in a cost effective manner and that the Summer Program provides a strong on-going revenue source for the school.
Conduct regular staff meetings to set goals and objectives and to resolve outstanding issues
QUALIFICATIONS AND EDUCATION REQUIREMENTS
10+ years of progressive experience in accounting and finance in an academic, non-profit or business setting. Experience in an academic institution preferred
5+ years of experience as Director of Finance/CFO
CPA or MBA preferred
Must possess strong financial forecasting and budget preparation skills
Experience developing and implementing a strategic plan that includes long term financial sustainability.
Expertise in making public presentations demonstrating financial models reports
Experience in managing banking relationships with a national bank required
Leadership skills with the ability to manage staff and work with an academic faculty and the larger community
Experience with Sage or comparable accounting software, Excel, Word and Google G-Suite
The position frequently requires more than a 40-hour work week
About Bosque School
Founded in 1994 and located on a 45-acre site in the bosque along the Rio Grande in Albuquerque, New Mexico, the Bosque School’s mission is to prepare young men and women to become lifelong learners with the highest character values and academic goals in a natural New Mexico setting with strong family and community involvement. The school embodies the best of traditional independent education while embracing a progressive and inventive approach to learning. Currently, there are 493 students in grades 6 -12 and 60 faculty members with over 70% of them holding advanced degrees. The average class size is 16 and the average student faculty ratio is 9-1.