Vice President of Business and Finance
AGNES SCOTT: VICE PRESIDENT FOR BUSINESS & FINANCE
Agnes Scott College, an award-winning national liberal arts college for women located in metro-Atlanta, invites nominations and applications for the position for vice president of business and finance.
The vice president reports directly to the president and is an essential member of her cabinet. This position is responsible for ensuring the college’s fiscal integrity and operational efficiency through effective administration and direction of its financial, human and physical resources and activities. The vice president supports four key committees of the Board of Trustees: Finance, Investment, Audit and Risk Management, and Environment and Facilities. Reporting directly to the vice president are the controller, senior financial analyst, associate vice president for human resources, director of dining services, director of facilities and director of public safety. The executive director of the Center for Sustainability has a dual report to both the vice president for business and finance and the president. The vice president oversees the college’s banking, real estate and investment relationships, and also manages the college’s outsourced operations, including the bookstore, construction management, landscaping, legal services and post office. The vice president is responsible for providing the leadership, vision and analytical framework necessary to develop and oversee prudent fiscal strategies, including annual budgeting and financial forecasting, that assure the implementation of the college’s strategic financial plan, Roadmap. The vice president will partner actively and creatively with the college’s other vice presidents, including: the vice president for academic affairs and dean of the college to ensure funding and administrative solutions to support the academic mission of the college; the vice president for college advancement to support overall fundraising goals and provide the infrastructure necessary to assure donors of the stewardship of their contributions; the vice president for enrollment and dean of admission to implement enrollment and net revenue goals; the vice president for student affairs and dean of students to ensure that resources are allocated to support student life and others to move the agenda of the college forward and the vice president for communications and marketing to manage the college’s brand and support continued efforts to raise the college’s profile. Working with a dynamic new president, a talented cabinet and a high-functioning Board of Trustees (which recently received the 2018 Alfred W. Nason Award for Board Leadership), the vice president will play a vital role in sustaining the forward momentum of Agnes Scott and its signature initiative, SUMMIT.
OPPORTUNITIES & EXPECTATIONS
Be a Strategic Partner and Guide the College’s Finances to Attain a Sustainable Financial Equilibrium by 2025
Agnes Scott has adopted Roadmap to 2025, its long-range financial plan, which includes investment in SUMMIT as its core strategy for achieving growth in undergraduate enrollment and net revenue and for attaining a sustainable level of endowment spending. The vice president will be a key strategic partner with the president and cabinet to monitor and oversee progress on the Roadmap, model financial options and outcomes and develop new strategies to ensure that the college remains on track toward its financial goals and that programs and operations do not exceed the specified endowment spend.
Develop an Inclusive, Non-Incremental, Bottom-Up Budget Process
- The vice president will work with the cabinet and appropriate college committees to develop an inclusive budget process that provides opportunities for all voices to be heard and allows for reallocations of resources as well as funding of strategic initiatives while ensuring that the college continues to progress toward a long-term sustainable financial equilibrium according to the parameters in the Roadmap.
Promote the Efficient, Modern, Cost-Effective Operation of the College
- The vice president will have the opportunity to review the operations, policies and procedures of the college to ensure efficiency and efficacy and promote the best possible stewardship of resources. The successful candidate will undertake a review of all business processes to see possible areas of improvement that will allow for greater economies of operation.
Help Increase Undergraduate Net Tuition Revenue
- Having increased undergraduate net revenue in 11 of the past 12 years, the college is striving to accelerate this momentum through enrollment growth and smart discounting strategies. The vice president will be a key partner with the vice president for enrollment and dean of admission in developing strategies to accomplish this goal long-term. The successful candidate will be well-versed on best practice pricing and discounting strategies to add value to this critical area for the college.
Steward the College’s Endowment
- The vice president will serve as the administrative liaison to the Investment Committee of the board and the college’s investment advisors and oversee the management of Agnes Scott’s endowment, currently valued at $245 million.
Develop a Multi-Year Capital and Deferred Maintenance Plan and Oversee Capital Projects
- In collaboration with the cabinet, campus constituents and the board, the vice president will develop a long-term capital and deferred maintenance plan to assist the college in prioritizing and financing projects over time and will oversee all capital projects on campus, with the first major priority being the renovation of Agnes Scott (Main) Hall.
Lead a Campus Master Planning Process & Support the College’s Commitment to Sustainability
- The vice president will have the opportunity to organize and lead a campus master planning process, working with the president and cabinet members to set out long-range goals for space utilization and with faculty, staff, students, alumnae and community members to build a vision for our future campus. Agnes Scott is a national leader in environmental sustainability and the successful candidate will contribute to this legacy by leading the master planning process and managing projects and budgets, including the college’s $1 million Green Revolving Fund, with sustainability in mind.
Gain Trust & Communicate Effectively with All Stakeholders about Financial Issues
- The vice president must gain the trust of the campus and communicate clearly and effectively with all constituencies about the college’s finances. The successful candidate will educate the campus about the implications of various actions in a clear and transparent manner and will model alternatives in a way that broadens campus understanding and promotes buy-in to the college’s long-term financial strategies consistent with the Roadmap.
Provide Exceptional Customer Service to the Campus
- The business and finance division provides many services to the campus, and the vice president must ensure that all areas of the division are customer-focused, sensitive to the needs of a diverse and inclusive campus community and effective in serving students, faculty, staff and others, providing timely and high-quality service to all constituencies.
QUALITIES AND QUALIFICATIONS OF THE VICE PRESIDENT FOR BUSINESS & FINANCE
The vice president for business and finance must understand and be supportive of Agnes Scott College’s mission and be comfortable working transparently in partnership with the cabinet, faculty, staff and students in an environment that respects shared governance. The successful candidate will be an exceptional financial and administrative leader with superior analytical, management, communication, negotiation and interpersonal skills and knowledge of the higher education landscape.
The next vice president will be a key partner in the college’s enrollment strategy and will be expected to have an understanding of how to most effectively use the endowment and tuition pricing and discounting to support the college’s mission and strategic priorities. The vice president should be committed to fiscal sustainability and stewardship of the college’s resources. The successful candidate will be a good listener who enjoys working collegiality with all constituencies at the college and who is comfortable working with diverse colleagues in an inclusive environment. The next vice president should be honest, collegial, patient and dynamic. Please see the prospectus for more information about Agnes Scott and the position. The next vice president must be well versed in the higher education landscape and have at least 10 years of leadership accomplishments in progressively more senior financial management roles, with at least some of it at a college or university. A bachelor’s degree is required, and a CPA, CMA, MBA or other advanced training, certification or degree is preferred.
Procedure for Candidacy
Applications (including a cover letter and resume) should be uploaded to: http://lapovsky.hiringthing.com. Nominations, confidential inquiries and questions concerning this search may be directed to Lucie Lapovsky at [email protected] or 917-690-1958. Review of applications will begin immediately and candidate material received by May 23rd will be assured full consideration although recruitment will continue until an appointment is announced. Agnes Scott College is being assisted by Lapovsky Consulting in this search. Agnes Scott College values diversity and is committed to equal opportunity for all persons regardless of age, color, disability, ethnicity, marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status protected by law. The material presented in this leadership profile should be relied on for informational purposes only. This material has been compiled or quoted in part from Agnes Scott College documents and personal interviews and is believed to be reliable. The original source documents and factual situations govern.