Vice President - Chief Financial Officer

Kentucky Community and Technical College System   Versailles, KY   Full-time     Finance
Posted on January 7, 2023
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Title: Vice President - Chief Financial Officer

Standard Hours: 37.5

Work Location: Hybrid

FLSA Status: Exempt

College: KCTCS System Office

Department: Executive

Benefits

KCTCS System Office offers a competitive benefits package and an attractive work environment that supports excellence, innovation, and creativity including:
  • Exceptional health care, vision, dental coverage for you and your family
  • Tuition reimbursement/waiver for you, your spouse, and dependents
  • 403(b) retirement plan: a 5% employee contribution receives a 10% employer match
  • Vacation/Sick Time
  • Work-Life Balance
  • 9.5 Paid Holidays
  • 2 Weeks Institutional Closing Pay (Last 2 weeks of December) for qualifying positions
  • Employee Assistance Program
Job Summary

Reporting to the President of the Kentucky Community and Technical College System (KCTCS), the Vice President – Chief Financial Officer is a self-motivated, experienced, data-guided, and results-driven executive officer and member of the President's Cabinet. The Vice President receives general direction and supervision from the President. The successful candidate will have experience leading the finance function for a higher education organization or in the private sector.

Job Duties:

This administrative position is responsible for managing the business and financial services for the Kentucky Community College System. This position supports and assists other administrators and department heads, helping them determine how to accomplish their objectives and thereby providing a service-oriented foundation for organizational success. As the system's chief financial officer, this position provides collaborative financial management leadership for the system; ensures the short and long-term fiscal health of the organization; oversees the business practices of the system; and ensures that the budget is linked to and supports the system's strategic plans.
  • Drive the direction, success, and sustainability of KCTCS using their knowledge and understanding of the financial position of the System
  • Strong understanding of KCTCS's business model and higher education and ability to use this knowledge to provide an independent perspective and constructively challenge the leadership teams to ensure decisions are grounded in solid financial criteria.
  • Manage KCTCS's financial planning
  • Plan and perform financial risk management duties
  • Analyze and manage the organization's liabilities and investments
  • Plan, implement, and manage investment strategies
  • Manage capital structure
  • Along with the KCTCS Board of Regents determine finance KPIs
  • Track and ensure cash flow is appropriate and sustainable
  • Supervise finance personnel such as controllers, financial advisors, financial consultants, and treasurers
  • Manage and retain relationships with vendors
  • Prepare current reports
  • Prepare and present forecasting reports
  • Adhere to the law and KCTCS's policies
  • Performs other related tasks as required
Minimum Qualifications:
  • Master's degree in accounting, business, or related field.
  • Three to five years' experience in a supervisory role in a college business office, or combination of education and experience commensurate with the requirements of the position.
  • Demonstrated ability to work cooperatively and collaboratively with college faculty, staff, administrators, and governing boards.
  • Experience in operational and strategic planning, policy development, and financial analysis
  • Ability to effectively communicate ideas and information in written and oral format to administrative staff, professional colleagues, the governing board, and the public in large or small group settings