Vice President for Finance
Start Date: July 1, 2022
All Boys, Catholic, Day School Grades 9-12
New York, NY
About the School
Founded in 1847, Xavier High School is an academically rigorous, Catholic, Jesuit college preparatory school in New York City that serves young men of diverse backgrounds and means. Xavier serves over 1,000 students from across the metropolitan area. In support of its commitment to economic diversity, Xavier provides need based assistance to more than one-third of the student body.
The school employs approximately 140 faculty and staff and has an annual operating budget of $25M and endowment of $90 million.
Xavier is located at 30 West 16th Street between 5th and 6th Avenues in Chelsea, one of the most dynamic neighborhoods of Manhattan, two blocks from Union Square Park and convenient to public transportation. The historic campus consists of 234,000 square feet spread across six buildings located adjacent to the Church of
Saint Francis Xavier.
Xavier is entering its 175th academic year in a strong financial position with no debt, a robust endowment and generous philanthropic giving from alumni, parents, graduate parents and friends. In conjunction with its 175th anniversary, the school is soliciting and securing major gifts to fund the next phase of the campus master plan and increase support for scholarships and other key programs.
Xavier is an active member in NYSAIS, NAIS, NBOA and the Jesuit Schools Network.
About the Position
The new Vice President for Finance will continue to partner with senior leadership and the Board of Trustees to execute the next phase of the campus master plan and work with the President to ensure that the faculty and staff benefits are competitive and affordable.
The Vice President for Finance administers all activities of the business office. The Vice President for Finance has primary responsibility for overseeing the financial operations of the school. In addition, the Vice President for Finance advises the president on all matters related to the short and long-range financial activities of the school. The Vice President for Finance serves as the treasurer of the corporation.
The Vice President for Finance reports to the President.
- Develop and maintain the systems and records necessary to process all revenues and expenditures. These shall include, but are not limited to: tuition billing and collection; payroll; benefits; retirement, health, life, and disability plans; school administered investments; auxiliary activities; cash flow management, accounts receivable and accounts payable.
- Administer the school’s insurance portfolio and risk management.
- Administer all benefits programs, including open enrollment and vendor selection and management.
- Lead and oversee all school compliance and reporting activities to ensure adherence to federal, state, and local regulatory laws and reporting; compliance with insurance requirements; and otherwise manage all professional and contractual relationships, as appropriate.
- Serve as strategic thinker and problem solver, advising the President and the Board on questions relating to finance, benefits, business practices, contracts and related matters. Consult with the school’s legal counsel as necessary.
- Direct and execute the annual budget preparation process and assist the President and board in the review and adoption of the operating and capital budgets.
- Develop financial models and prepare long-range financial plans.
- Serve as liaison to the finance, facilities, and audit and risk committees of the board. Assist in establishing investment guidelines, policies and long range strategic plans.
- Oversee the endowment and investment portfolios working with the Board and the OCIO.
- Review and evaluate policies and procedures which directly and indirectly influence the financial condition of the school and make recommendations to the president regarding appropriate modifications and/or changes in such policies and procedures.
- Provide the President and finance committee with financial statements and other analyses/schedules of the school’s financial operations and advise them on the items which vary significantly from the adopted budget.
- Work closely with the outside accountant as it pertains to the year-end audit and preparation of the audited financial statements.
- Review account reconciliations and journal entries prepared by the controller.
- Administer agreed upon financial matters related to the parish, Jesuit community, Thrive for Life and similar partner entities.
- Liaise with the Faculty Development Council (FDC) relating to matters of compensation.
- Manage the Xavier retirement plans including compliance.
- Supervise all personnel in the business office, including the controller, A/R manager and A/P manager.
- Oversee the financial and contractual aspects of the cafeteria including food quality, staffing, equipment and process flow.
- Support the mission of the school by being an engaged presence throughout the school community, participating in school events, retreats and service programs as well as Jesuit Schools Network and USA East Province activities.
- Engage in ongoing professional development (NBOA, NAIS, NYSAIS, BoardSource, etc.).
- Other tasks as assigned by the President.
- 10+ years work experience in a financial and business leadership position.
- Bachelor’s degree required; M.B.A. and/or a master’s degree in a related field strongly preferred.
How to Apply
Candidates interested in this position are asked to
submit the following documents by January 31, 2022:
– Cover letter addressed to the Xavier High School Search Committee
– EC cover sheet (contact EC partners for this form)
– List of five references (name, contact information, relationship to candidate)
– EC Disclosure form (contact EC partner for this form)
Application materials are to be sent in a single Word document or PDF.
Confidential Inquiries are welcomed.
Listing Date: November 26, 2021