Senior Vice Chancellor of Finance
3 weeks ago
The Senior Vice Chancellor of Finance at Krea University is a pivotal role that oversees the entire financial operation of the institution. This position plays a crucial part in shaping the university's strategic planning, financial management, and long-term financial sustainability.
Responsibilities- Strategic Financial Leadership:
- Develop and implement the university's financial strategy aligned with its mission, vision, and goals.
- Provide expert advice to the Vice Chancellor on financial planning, budgeting, cash flow, investment priorities, and policy matters.
- Participate in the university's strategic planning process, offering financial analysis and guidance on long-term financial planning.
- Financial Planning and Analysis:
- Lead the preparation and presentation of the annual budget, ensuring alignment with institutional priorities.
- Oversee the development of multi-year financial forecasts and scenario planning.
- Conduct financial analysis and modeling to support decision-making, including analysis of potential new programs, initiatives, and capital projects.
- Budget Management:
- Oversee the management and monitoring of the university's operating and capital budgets.
- Ensure accurate and timely reporting of financial information to internal and external stakeholders.
- Work closely with academic and function heads to ensure budgetary discipline and effective resource allocation.
- Financial Reporting and Compliance:
- Guarantee all financial reporting is accurate, timely, and compliant with applicable laws, regulations, and accounting standards.
- Oversee the preparation of financial statements, including the annual audited financial report.
- Manage relationships with external auditors, regulatory bodies, and financial institutions.
- Investment Management:
- Manage the university's investment portfolio, taking guidance from the Vice Chancellor and the Audit Committee to maximize returns while managing risk.
- Oversee the university's endowment funds, ensuring compliance with donor intent and legal requirements.
- Provide regular reports on investment performance and recommend adjustments to the investment strategy.
- Risk Management and Internal Controls:
- Develop and oversee the university's financial risk management strategies, including insurance, debt management, and contingency planning.
- Ensure the implementation and maintenance of effective internal controls to safeguard university assets.
- Conduct periodic reviews of financial policies and procedures to ensure compliance and efficiency.
- Leadership and Team Development:
- Lead and mentor the finance team, fostering a culture of excellence, accountability, and continuous improvement.
- Provide leadership in the recruitment, development, and retention of high-performing finance professionals.
- Promote a collaborative and inclusive environment, working across departments to achieve the university's financial goals.
- Qualifications and Experience:
- A minimum of 10-15 years of progressively responsible experience in financial management, including experience at the senior executive level in higher education or a similar non-profit environment.
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