Position Details
Position Information
Position Title Vice President and Chief Financial Officer Job Description
Ashland University seeks a strategic and collaborative leader to serve as Vice President and Chief Financial Officer (CFO). Reporting directly to the President and serving on the Executive Leadership Team, the CFO is the University's chief financial executive, senior financial strategist, and trusted advisor. The CFO will align financial resources with institutional priorities and help position the University for long-term financial resilience.
Mission and Leadership Context
Ashland University, guided by its Brethren heritage, is a comprehensive private university that provides a transformative learning experience, shaping graduates who work, serve, and lead with integrity in their local, national, and global communities. The University's longstanding "Accent on the Individual" reflects its commitment to the purpose, development, and success of each student.
As a member of the Executive Leadership Team, the CFO will support the University's mission and institutional values and bring integrity, sound judgment, transparency, confidentiality, and responsible stewardship to every aspect of the role. The CFO will build close, collaborative relationships across academic and administrative units and communicate financial matters clearly to audiences with varying levels of financial expertise.
Essential Position Duties and Responsibilities
Financial Leadership
- Advise the President and Executive Leadership Team on financial strategy, institutional performance, risk, capital priorities, and major investments.
- Update and work with the Board, particularly the Finance Committee, Investment and Audit, and Compliance subcommittees on issues pertaining to the University's financial health and status.
- Develop long range forecasts that preserve financial flexibility and prepare the University for changing enrollment, revenue, and economic conditions.
- Lead and implement short-term and long-term financial, operational, and capital plans.
- Oversee cash management, debt management, financial planning, operating and capital budgets, accounting services, student accounts, and payroll.
- Provide executive leadership to the Business Office.
Enrollment, Revenue, and Financial Model Oversight
- Lead the development, implementation, monitoring, and evaluation of annual operating and capital budgets and ensures timely and accurate reporting.
- Ensures full compliance with federal, state, accreditation, and bondholder requirements; oversees audits and maintains strong relationships with external auditors, regulators, and lenders.
- Partner with Enrollment Management and Financial Aid to support data-informed tuition pricing, discount-rate management, financial-aid optimization, and net-tuition-revenue planning.
- Oversee analysis of enrollment trends, retention economics, tuition dependency, and program-level financial performance to strengthen financial resilience.
- Support the development and evaluation of diversified revenue streams beyond traditional tuition sources.
Liquidity, Debt, Investments, and Asset Stewardship
- Lead cash-flow management, liquidity planning, and reserve strategy to support institutional stability and agility.
- Monitor and communicate key indicators of financial health, including days cash on hand, debt capacity, operating performance, and covenant compliance.
- Collaborate with Institutional Advancement and investment advisors to support responsible stewardship of restricted gifts, endowments, grants, designated resources, and long-term assets.
Technology, Process Improvement, and Organizational Effectiveness
- Evaluate organizational structure and processes withing finance and administration to promote continuous improvement and efficiency.
- Promote effective use of enterprise systems, financial analytics, management reporting tools, automation, and responsible artificial intelligence to strengthen controls, improve forecasting, streamline work, and reduce avoidable cost.
Required Qualifications
- Graduate degree(s) in business or finance required.
- A minimum of five (5) years of executive level financial management.
- Demonstrated expertise in budgeting, financial planning and analysis, forecasting, financial reporting, audits, internal controls, and regulatory compliance.
- Strong knowledge of higher education finance, financial systems, and risk management.
- Strong strategic, analytical, leadership and communication skills, including the ability to clearly communicate complex financial information.
- Commitment to Ashland University's mission, values, and student-centered culture.
Preferred Qualifications
- Licensed Certified Public Accountant (CPA) or Certified Management Accountant (CMA) designation.
- Experience with Ellucian Colleague or a comparable higher education enterprise resource planning system.
- Executive level financial leadership in a private, nonprofit higher education institution.
Physical Demands Anticipated Start Date of New Hire 01/01/2027 Anticipated Number of Hours Working per Week 40+ Shift Required? Varied
Job Duties
Posting Detail Information
Posting Number S1161P Number of Vacancies 1 Desired Start Date 01/01/2027 Job Open Date 10/21/2026 Job Close Date Open Until Filled Yes Special Instructions to Applicants Quick Link for Internal Postings https://jobs.ashland.edu/postings/8981
Supplemental Questions
Required fields are indicated with an asterisk (*).
Documents Needed to Apply
Required Documents
- Resume
- Cover Letter
- Letters Of Recommendation
Optional Documents