IFSA-Butler is seeking a Vice President and Chief Financial Officer (CFO). The Vice President and CFO is responsible for all financial and fiscal management aspects of the IFSA global operations. Additionally, the CFO must provide proactive leadership and coordination in the Strategic Business Planning, Controllership, Human Resources, Accounting, Treasury, Internal Control and Compliance efforts of the company across its US and foreign office study abroad program support locations.
Executive Management & Strategic Business Planning
- Works with the President and CEO to assess organizational performance against both the company’s long-term strategy and the annual budget.
- Develops tools and systems to provide critical financial and operational information to the President and CEO and makes actionable recommendations on both strategy and operations.
- Coordinates preparation of the company’s annual budget and mid-year revised forecast.
- Serves as a member of executive leadership team; participates in Board meetings and Foreign Currency Hedging sub-committee and Audit sub-committee meetings; participates in key decisions pertaining to strategic initiatives, operating model and operational execution.
Financial and Operational Management - Controllership
- Plans, develops, organizes, implements, directs and evaluates the organization’s fiscal function and performance; completes analysis of financial results; develops strategic and tactical recommendations.
- Coordinates, prepares, implements and monitors the company’s actual fiscal performance against the annual budget and mid-year revised forecast.
- Provides strategic financial input and leadership on decision-making issues affecting the organization; establishes solid financial reporting and metrics to enhance financial decisions in order to know where to drive future business and efforts.
- Prepares the company’s quarterly Board package, with participation by other senior management.
- Prepares, implements and monitors the company’s Treasury and Foreign Currency hedging activities, including liaison with the Board FX Hedging sub-committee.
- Oversees management of the company’s Investment portfolio, working closely with the Board Investment Committee & the appointed external investment advisor.
- Oversees risk management for the organization and the procurement of proper insurance coverage.
- Develops a reliable cash flow projection process and reporting system that includes minimum cash threshold to meet operating needs.
- Acts as an advisor from a financial perspective on any contracts into which the company may enter.
- Assumes oversight over the financial aspects of the company’s information systems (excluding IT-specific functions, which are managed by the company’s Director of IT).
- Establishes internal controls for the Finance, Human Resources and IT functions in order to protect the integrity of the IFSA financial statements and to safeguard the corporate assets and information systems from internal and external threats.
- Manages company’s relationships with banks and other financial institutions, including active management of credit facilities, bank accounts and corporate credit cards issued to employees.
- Manages the company’s annual financial audit process with the independent external audit firm.
- Manages and assesses company’s relationships with external tax and the external audit firm, including recommendation of changes where necessary.
Accounting and Administration, including Treasury
- Oversees the accounting department to ensure proper maintenance of all accounting systems and functions; ensures maintenance of appropriate internal controls and financial procedures.
- Oversees preparation of month-end, quarter-end and year-end financial statements.
- Reviews all month-end closing activities including general ledger maintenance, balance sheet reconciliations and Foreign Currency hedging program management.
- Shares responsibility of overseeing weekly cash management; approves semi-monthly payables; executes check signing to ensure appropriate segregation of duties.
- Directs, manages, selects, trains, motivates, reviews, coaches, develops and retains a high performance team. Includes primary management of the Director of Finance and Director of Human Resources and other applicable accounting and finance department personnel.
- Conducts timely and accurate employee performance evaluations; addresses performance issues as needed.
- Develops, implements, and maintains policies, procedures and intra-departmental communications; maintains managerial relationships by encouraging and providing a timely, two-way flow of information between subordinates, management, directors, senior management, and user groups, while ensuring the implementation and maintenance of rigorous internal controls.
- Motivates staff to improve quality of work performed and provides training and development opportunities as needed.
- Provides backup support in the absence of President and CEO for financial related issues.
- Performs other duties as required or assigned.
- Director of Finance (with five direct reports)
- Director of Human Resources (with one direct report)
- Total of nine in department
Knowledge, Skill and Education Requirements
- Strong knowledge of finance, accounting, budgeting and cost accounting principles, within a multinational environment, including compliance with Generally Accepted Accounting Principles.
- Experience in strategic planning and execution. Knowledge of financial and accounting reporting systems. Knowledge of Federal, State & Foreign office financial regulations. Ability to analyze financial data and recommend strategies for improvement. Ability to prepare financial reports, statements and projections.
- Work requires professional written and verbal communication and interpersonal skills. Ability to motivate personnel and simultaneously manage several projects. Ability to participate in and facilitate group meetings. Alignment with the IFSA Mission Statement.
- Ability to run analytical and scenario-based financial models.
- Strong working ability with Microsoft Excel, Word and PowerPoint and related ERP systems.
- Ability to work under the supervision of President and CEO. Ability to supervise and coach employees at all organizational levels. Ability to foster and build strong working relationships, both internally and externally.
- Superior integrity and honesty. Well organized and self-directed.
- Strong presentation preparation and delivery skills.
- Ability to perform with superior service, reflecting a positive company image while sustaining a positive attitude with those whom you interact; always going above and beyond to assist others, regardless of their position or department.
- Ability to adhere to the highest standards of quality while continually performing at the highest possible level.
The above skills are normally acquired through a combination of the completion of a Bachelor’s Degree in Finance or Accounting and at least 15 years of experience in a senior-level finance or accounting position. CPA and/or MBA preferred.
Qualified candidates should submit a cover letter and resume to email@example.com.