Director of Finance
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Company:
Radcliffe Creek School
Location:
Chestertown, MD, USA
Job Posted:
30+ days ago

Director of Finance

The Director of Finance will oversee the responsibilities of the business office, including, but not limited to, the school’s business manager. The Director of Finance reports to the Head of School and is a member of the school’s Administrative team. This is a 12-month position that follows the Academic Calendar during the school year with a modified schedule during the summer months.



Compensation is based on experience with benefits.



Duties and Responsibilities:



Finance

Work with Head of School and the Board to stabilize and grow Radcliffe Creek School by formulating strategies and plans

Formulation of annual budgets and targets

Review of accounts and investigation of variances then setting recovery plans

Provide monthly updates to the Board and work in conjunction with the Head of School and the Finance Committee to analyze financial trends

Prepare the yearly operating budget for Board approval. This will be accomplished in concert with the Head of School and the Finance Committee

Establish a plan and schedule for the preparation of the annual budget that will permit the setting of the succeeding year’s tuition at a Board of Trustees meeting early in the calendar year

Maintain communication with investment firms and track all school investments



Accounting

Use standard accounting and bookkeeping procedures for not profit accounting, to keep an accurate continuous record of the cash and financial position of the school and manage the financial operation of the school so that the institution remains financially stable

Prepare a monthly operating statement for the Head of School and the Board of Trustees

Provide a monthly report of expenditures for use of each individual budget center within the school

Review and oversee all state and federal filings and prompt payment to state and federal

agencies

Oversee all school purchasing, payables and receivables (including those that are past due)

Manage input to payroll process to insure accuracy to approved compensation levels, deductions, etc., and prompt reporting and payment to state and federal agencies.

Provide for the securing of an annual audit of the school’s statement

Prepare the financial statement and notes to financial statements for the auditors

Work in conjunction with the Finance Committee to oversee all financial investments

Oversee all school purchasing, banking activities, payroll and benefits programs.

Prepare and expedite all bank deposits

Conduct monthly bank reconciliation

Help prepare the policies and procedures as it relates to internal control over accounting and financial reporting



Admissions and Enrollment

Assist the Head of School and the Financial Aid Committee with family reports from School and Student Services regarding financial assistance information

Consult with the Head of School on re-enrollment contracts and financial assistance

Register families with Tuition Management Services once the student enrollment contract has been received by the school, signed by parents and signed by the Head of School

Arrange invoicing of tuition contracts that will be serviced by the school

Oversee and manage the collection of tuition directly from parents and TMS



Human Resources

Provide Radcliffe employee information packets to all new hires: fingerprinting, background check, verification of citizen status, selection or waiver of benefits and all tax and deduction paperwork

Assist the Head of School with decisions regarding salaries and benefits for all personnel

Manage risk at the school to ensure the safety of personnel and students in their use of the facilities and work with the Head of School and Finance Committee of the Board to maintain appropriate levels of insurance to protect and to cover the liability of the school

Maintain confidential and up-to-date Employee Files on each individual Radcliffe employee

Oversee and administer the school’s benefits programs. Prior approval will be required from the Finance Committee of the Board and the Head of School of the School

Oversee TIAA-CREF retirement funds

Schedule annual meeting for Health Insurance, School Insurance; Liability on Property, Supplemental Insurance, TIAA-CREF



Advancement

In collaboration with the Advancement staff, facilitate the accurate accounting and documentation of all gifts and grants made to the school

Oversee the accurate accounting and depositing of all donations to the School



Other

Support the school and its leadership

Perform other duties as assigned



Qualifications:

Strong accounting background

Bachelor’s Degree in Business Management or Administration, Accounting, Finance or related field to Finance- Master’s degree preferred

Experience in the preparation of financial statements in accordance with Generally Accepted Accounting Standards (GAAP) for Non-profits

Experience with Quickbooks, IT skills (Google), Excel etc.,

Ability to work independently and as member of a team

Experience in an educational setting preferred

Ability to prioritize and meet deadlines

Strong Organizational and Communication skills

Five or more years of experience in a supervisory role of a business environment

Radcliffe Creek School is an Equal Opportunity Employer.



Interested candidates should send a cover letter and resume to ------------

Director, Finance