Flagler College, a highly respected four-year, residential, independent institution of higher learning in St. Augustine, Florida, seeks an accomplished financial administrator and proven leader to serve as the Vice President of Business Services. The candidate chosen for this position will be expected to begin employment no later than July 1, 2014. The Vice President of Business Services is the Chief Financial Officer of the College, reports directly to the President, and serves as a member of the President’s Cabinet.
The College invites letters of application and nominations of candidates for this key administrative position. The deadline for submitting applications is March 15, 2014.
The Vice President of Business Services (VPBS) has overall responsibility for the effective stewardship of the financial resources of the College and for the reporting on these resources to the College’s Board of Trustees, the President, members of the President’s Cabinet, and other external agencies, accrediting bodies, institutions, and organizations. The VPBS is the staff resource to the Board of Trustees on financial matters, and represents the College in its dealings with investment managers, financial institutions, and government financial regulatory bodies.
The new Vice President will have a record of progressive and effective management experience, as well as experience in financial accounting, budgeting, cost control, endowment management, debt management, risk management, contract management, human resources, campus planning, auxiliaries, and administrative simplification.
The VPBS serves as a member of the President’s Cabinet or senior leadership team and is involved in shaping the overall direction of the College and carrying out its daily operations.
The VPBS is responsible for: Ensuring the College’s fiscal integrity and operational efficiency through effective administration and direction of its financial and physical resources and activities Planning, directing, overseeing, and assessing all aspects of the institution’s financial and physical resources Working with the President, to develop the operating and capital budgets and a long-term sustainable economic model that ensures the viability of the institution
The VPBS oversees a staff of 20 and has overall leadership responsibility for the following college functions: financial accounting and reporting, budget and budgetary accounting, fiscal management, internal control and audit, student accounts, human resources and payroll, purchasing, debt management, campus planning, facilities operation and maintenance, facilities design and construction, property inventory and management, auxiliary services, food services, outsourced services, risk management and insurance, campus safety and security, and the mail room and duplicating services.
Reporting directly to the VPBS are the Executive Director of Finance; the Director of Business Services, Budgeting, and Campus Planning; the Director of Human Resources; the Aramark Director of Food Service; the Superintendent of Plant and Grounds, and the Director of Campus Safety and Security.
PRINCIPAL DUTIES AND RESPONSIBILITIES
The VPBS safeguards the institution’s financial and physical assets and ensures that the institution has a sound financial base and demonstrated financial stability to support its mission and the scope of its programs and services. The VPBS plans, directs, and provides leadership for a broad range of administrative/business services that support the academic and administrative functions of faculty, staff, and students.
The VPBS also:
- Develops and oversees the successful implementation of annual budgets and long-term financial plans and works closely with members of the President’s Cabinet to advance the College’s mission and goals
- Ensures fiscal control and oversight of the College’s finances
- Directs the preparation of Annual Plans and Annual Reports for the Office of Business Services and offices that report to the VPBS
- Provides the President with appropriate financial information, benchmarking data, and informed opinion to guide planning and decision-making Acts as liaison, as designated by the President, to the Board of Trustees Finance Committee and works with the Finance Committee to develop an annual budget and to ensure that the Board is given the information it needs to carry out its fiduciary responsibility
- Acts as liaison, as designated by the President, to the Board of Trustees Audit Committee to ensure that the annual audit is completed in a timely manner and that the Audit Committee is given the information it needs to carry out its review of the audit and the College’s financial statements
- Confers with external auditors in the performance of a variety of fiscal and operational audits and alerts appropriate administrators regarding related issues, findings, and concerns
- Provides administrative support to the Board of Directors of the Flagler College Endowment Fund and works closely with the Board of Directors, the President, and the fund manager (outsourced) to carry out the Investment Plan
- Ensures the proper management of cash and long-term investments, which are not managed by the Board of Directors or the fund manager Manages the College’s debt to ensure that the College maintains its covenants and obligations with bond holders and financial institutions in the most economically advantageous methods
- Provides measures to avoid risks for students, employees, visitors, contractors, and physical, financial, and intellectual property through planning, inspection, insurance, and legal counsel
- Provides appropriate physical assets to carry out the College’s mission and the scope of its programs and services and minimizes risks for those assets through maintenance, replacement, restoration, rehabilitation, and insurance
- Provides external reporting of the College’s financial and economic condition and results of operation and external funding from grants, gifts, and contracts to federal and state agencies, foundations, and individuals
- Serves as liaison for contract administration and performance evaluation of externally contracted services for operation of maintenance of facilities and grounds and dining services
- In conjunction with the Director of Campus Planning, provides a Master Plan for Campus Development and oversees facility renovations, construction projects, major repairs, and regulatory compliance (OSHA, EPA, ADA, etc.)
- Works closely with external institutions and organizations, such as banks, insurance companies, and governmental agencies, to ensure that routine business and fiscal transactions are conducted in a legal manner and conform to Generally Accepted Accounting Principles and best practices for colleges and universities
- Provides direction for the College’s Human Resources policy formulation and administration to ensure compliance with all federal and state regulations pertaining to Human Resources
A master’s degree in a business field is required; a CPA is preferred. Candidates must have a record of significant administrative achievement, including successful visionary leadership, management, and financial experience in a senior administrative capacity, preferably at a not-for-profit institution of higher education.
Candidates must have more than five years of increasingly responsible management experience in high-level administrative positions in business administration or finance, including the production of financial statements, budget preparation and projections, investment management, risk management, and supervision of multiple direct reports. The ideal candidate will be an innovative problem solver with a demonstrated ability to work collegially and collaboratively within the College community.
Additional qualifications include:
- Demonstrated successful experience in management at a senior administrative level, preferably in an institution of higher education – experience at a private college would be considered a plus
- Expertise in accounting, financial management, human resources management, facilities planning and management, strategic planning, budgeting, regulatory compliance, as well as a thorough understanding of investment principles and risk management
- Direct knowledge of accounting, budgetary planning and management, and administrative systems implementation and management
- Strong working knowledge and experience in complex business management strategies and operations of a higher education institution – experience in Title IX operations, a plus
- Knowledge of investment, cash management, and capital financing principles and practices
- Knowledge of the full range of issues addressed by an administration and finance executive in a higher education setting
- Developing and overseeing the successful implementation of annual budgets and long-term financial plans Thorough understanding of net revenue, strategic pricing, discounting, and financial aid leveraging
- Experience with integrating financial planning with strategic planning Demonstrated ability to balance intuition and an entrepreneurial spirit with solid financial and analysis skills
- Developing and refining the College’s financial models and forecasts that anticipate risks and opportunities
- Experience with Enterprise Resource Planning systems, such as Jenzabar ERP system, for institutions of higher education
- Proven ability to understand, analyze, and formulate creative financial solutions using critical problem-resolution and forecasting techniques to address complex funding challenges in a collaborative setting
- Excellent oral and written communication skills to communicate clearly, effectively, and collegially with the many constituencies and stakeholders whose contributions are required for the success of the College
- Special aptitude for compiling, interpreting, and communicating financial data and narratives
- Strong interpersonal skills that develop effective management relationships with all levels of faculty, staff, administrators, and colleagues, and the ability to represent the College in a professional manner to external constituencies in business matters
- Demonstrated supervisory experience and ability to lead, guide, and support an administrative team
- Demonstrated ability to build trust and develop strong working relationships with all constituencies Proven record of strong personal character, integrity, ethical management, and leadership ability
- Ability to model and support a strong service orientation in all aspects of campus operations
- Exceptional ability to interact with members of the Board of Trustees and board committees in the planning and administration of College policies
- Ability to manage multiple priorities and tasks in a demanding, fast-paced environment
ABOUT FLAGLER COLLEGE
Located in St. Augustine, Florida, Flagler College was founded in 1968 as a women’s college and became a coeducational college in 1971. Today, Flagler is a vibrant institution with more than 2,500 men and women representing 44 states and more than 30 foreign countries.
The talented and dedicated faculty and staff are committed to preparing students to pursue meaningful careers, to further their education in graduate or professional schools, and to assume positions of leadership in their communities. The College offers 27 majors, 33 minors, and a pre-law program leading to a Bachelor of Arts, Bachelor of Fine Arts, or Bachelor of Science in Public Administration degree. The student-to-faculty ratio is 17 to 1 with an average class size of 20 students; 96 percent of all classes have 29 or fewer students.
During the past 10 years, the College has broadened its reach by establishing an extended campus program on the campus of Tallahassee Community College and by offering an evening degree program in Public Administration on its main campus in St. Augustine. The College enrolls approximately 450 full-time students in Tallahassee and 160 students in the Public Administration program.
Flagler’s academic programs are highly respected across the nation, and the U.S. News & World Report consistently places Flagler College among the top Regional Colleges in the South in its annual publication, “America’s Best Colleges.” The popular Princeton Review also lists Flagler College in its annual publication, “The Best 378 Colleges.”
The 30-acre main campus is located in the heart of historic St. Augustine, Florida, four miles from the Atlantic Ocean. The centerpiece of the College’s campus is Ponce de Leon Hall, which is designated a National Historic Landmark. Constructed in 1888 as a luxury hotel by oil magnate and railroad pioneer Henry Morrison Flagler, Ponce de Leon Hall showcases some of the finest architecture and interior design of the period. While the campus has grown beyond the hotel that was gifted to the College upon its founding, the rich beauty of Ponce de Leon Hall continues to be a tribute to its namesake, Henry M. Flagler.
Flagler College is one of the most affordable private colleges in the nation. For 2013-2014, the cost for tuition is $16,180; room and board charges are $8,780. The College’s discount rate for 2013-2014 is approximately 15 percent. The College is in healthy financial condition with an operating budget of $48 million (2013-2014), an endowment of more than $43 million, an operating reserve of $28 million, modest debt, and little deferred maintenance.
The College has enjoyed success with its fund-raising program and, during the period 2001 to 2013, the College has raised $63.9 million. Since its founding, the College has invested more than $100 million in restoring the former Hotel Ponce de Leon and other historic buildings and constructing new buildings and facilities.
During the past decade, the College has constructed four residence halls, a student center, an art building, an art museum, and an office building (welcome center) for Admissions and Financial Aid. The College also has developed a 19-acre athletic field two miles from campus and constructed a new locker room facility for its soccer, baseball, and softball teams. The construction of a new classroom building is underway; the expected completion date is August 7, 2014.
Flagler College is a member of the National Collegiate Athletic Association (NCAA) Division II and the Peach Belt Conference. The College fields 13 intercollegiate sports teams: men’s baseball, basketball, cross country, golf, soccer, and tennis, and women’s basketball, cross country, golf, soccer, softball, tennis, and volleyball.
ABOUT ST. AUGUSTINE, FLORIDA St. Augustine is the oldest city in the United States. It was founded in 1565, 55 years before the settling of Jamestown, Virginia. The City will celebrate the 450th anniversary of its founding in 2015. Famous as a tourist center, rich in history, and beautifully maintained in all its storied charm, St. Augustine combines elements of the past with a lively appreciation of the present. The city offers beautiful beaches and numerous cultural and historical activities.
The mild climate allows outdoor activities throughout the year. Several popular Florida destinations are within an easy drive. The city is 40 miles south of Jacksonville, 50 miles north of Daytona Beach, and 100 miles from Orlando.
Flagler College is an equal opportunity employer.
NOMINATIONS & APPLICATIONS
Nominations should be submitted to the email address below. Provide complete contact information for the individual being nominated. Application materials must include a letter of interest, resume, and complete contact information for five professional references.
Send nominations and applications to: Flagler-VP@myersmcrae.com
Confidential review of materials begins immediately and continues until the appointment is made.
For full consideration, submit application materials by March 15, 2014.
Myers McRae Executive Search and Consulting is assisting Flagler College with the search. The consultant team leaders are: Emily P. Myers, President and CEO, and Kenny Daugherty Executive Vice President & COO.Myers McRae Executive Search and Consulting 515 Mulberry Street, Suite 200, Macon, Georgia 31201 www.myersmcrae.com