Vice President for Finance, Chief Financial Officer

Posting Details

Position Information

Posting Number S000948 Position Title Vice President for Finance, Chief Financial Officer Department Business Office Division Business Affairs Supervisor Title President Status Full Time Regular Salary Range $200,000 - $230,000 Position Summary

Reporting directly to the President, the Vice President for Finance and Chief Financial Officer (VPF/CFO) serves as a key member of the President's Cabinet and provides strategic leadership and operational oversight for the College's financial and administrative functions.

The VPF/CFO is responsible for ensuring the long-term financial sustainability of the College through effective stewardship of financial resources, disciplined budget management, strategic financial planning, and strong internal controls. As the College's chief financial strategist and senior financial advisor to the President and Board of Trustees, the VPF/CFO provides analysis, insight, and guidance to support institutional decision-making and the advancement of the College's mission. In a resource-constrained environment, the VPF/CFO serves as both a strategic leader and an engaged operational executive, maintaining direct involvement in financial planning, budgeting, reporting, and institutional risk management. The VPF/CFO also creates student‑facing financial services, with a focus on improving financial communication, reducing barriers where possible, and creating a positive, efficient, and customer‑friendly experience for students and families.

The VPF/CFO oversees the Business Office, Risk Management, and the Campus Store, and provides leadership for procurement, insurance, and institutional risk management. The VPF/CFO also serves as Treasurer of the College and Assistant Secretary of the Board of Trustees and works closely with Board committees responsible for finance, audit, investments, and facilities.

Description of Key Responsibilities

• Serve as the College's chief financial strategist and advisor to the President and Board of Trustees on financial sustainability, institutional strategy, operational efficiency, and long-term planning.
• Lead the development, implementation, and oversight of the College's annual operating and capital budgets.
• Develop multi-year financial models, forecasts, and scenario analyses to inform institutional planning and strategic decision-making.
• Monitor key financial performance indicators-including operating results, liquidity, net tuition revenue, and debt capacity-and recommend corrective strategies when necessary.
• Oversee all accounting, budgeting, financial reporting, treasury, and cash management functions, ensuring accurate and timely reporting to senior leadership and the Board.
• Serve as Treasurer of the College and administrative liaison to the Board's Business Affairs, Audit, and Investment Committees, supporting their oversight of institutional finances, investments, and financial controls.
• Provide leadership to create top quality student‑facing financial services, including the Business Office and tuition billing processes, with a focus on improving financial communication, reducing barriers where possible, and creating a positive, efficient, and customer‑friendly experience for students and families.
• Ensure compliance with not-for-profit accounting standards, regulatory requirements, and reporting obligations.
• Lead the annual audit process and maintain strong internal controls to safeguard institutional assets and financial integrity.
• Provide leadership for institutional risk management, including insurance programs, enterprise risk mitigation, and coordination with legal counsel on contractual and regulatory matters.
• Oversee the College's administrative and financial operations, including the Business Office, Risk Management, and the Campus Store.
• Partner with senior leadership team colleagues to analyze enrollment trends, tuition pricing, and financial aid strategies, and to support capital planning and major institutional initiatives.
• Perform other job-related duties consistent with the scope of the position, as assigned.

Required Knowledge, Skills and Abilities

1. Strong expertise in financial management, budgeting, accounting, and financial reporting.

2. Demonstrated ability to serve as a strategic financial advisor to senior leadership.

3. Experience leading financial planning in a complex, resource-constrained organization.

4. Knowledge of not-for-profit accounting and higher education finance.

5. Experience with debt management, capital planning, and institutional investments.

6. Ability to communicate complex financial information clearly to non-financial audiences.

7. Collaborative leadership style and ability to build trust across institutional constituencies.

8. High level of integrity, professionalism, and commitment to institutional stewardship.

Distinguishing Characteristics

See all NCC Senior Leadership Positions here

The Vice President for Finance must combine strategic financial leadership with a pragmatic, hands-on approach to management appropriate for a mid-sized private institution. The role requires the ability to translate complex financial information into clear guidance for institutional leadership while maintaining close oversight of daily financial operations.

The VPF/CFO will demonstrate strong analytical ability, sound judgment, and the capacity to lead institutional financial planning in a tuition-dependent environment. Success in this role requires collaboration across academic and administrative divisions, credibility with faculty and staff, and the ability to communicate effectively with trustees and external stakeholders.

The Vice President for Finance is expected to maintain a strong operational understanding of financial systems and processes and to work closely with staff across the institution to ensure effective and efficient financial operations.

Education/Training

Bachelor's degree in accounting or finance; CPA or MBA preferred.

Experience

Minimum of 10 years of progressive financial leadership experience, preferably in higher education or another complex not-for-profit organization, with demonstrated responsibility for budgeting, financial planning, and institutional financial strategy.

Licenses or Certifications

A valid driver's license and acceptable driving record is required.

Is This a Temporary Position? No Employment Conditions

An offer of employment is contingent upon successful completion of the College's background screening process.

Number of Vacancies 1

Posting Detail Information

EEO Statement

North Central College is an Equal Opportunity Employer committed to increasing the diversity of our workforce. NCC provides reasonable accommodation to applicants with disabilities where appropriate. If you need reasonable accommodation for any part of the application or hiring process, please notify the Office of Human Resources. Determinations for reasonable accommodation will be made on a case-by-case basis.

Close Date Open Until Filled Yes Additional Information

The pay offered to the selected candidate will be determined based on factors including (but not limited to) the candidate's experience, qualifications, and training.

North Central College provides a comprehensive benefits package, which includes:

• All-inclusive medical, dental and vision group insurance
• Health and dependent care savings plans
• Employer-paid life, AD&D and disability group insurance
• 403(b) retirement plan with employer contributions
• Employee assistance plan resources
• Tuition waiver for full-time employees, spouse and dependent children
• Generous paid time off plans, including 3 weeks vacation to start
• 15 paid holidays per year, including 5 days during NCC Winter Break
• Free access to campus health center, fitness and athletic facilities, and library

Posting Supplemental Questions

Required fields are indicated with an asterisk (*).

• • Are you authorized to work in the US?

• YES

• NO

• • Will you now or in the future require sponsorship for work authorization?

• YES

• NO

Applicant Documents

Required Documents

• Resume
• Cover Letter/Letter of Interest

Optional Documents