Chief Financial Officer/Senior Comptroller
Job in
Newark, Essex County, New Jersey, 07175, USA
Listing for:
Essex County College
Full Time
position
Listed on 2026-01-12
Job specializations:
-
Finance & Banking
Financial Manager, CFO, Financial Compliance
-
Management
Financial Manager, CFO
Salary/Wage Range or Industry Benchmark: 200000 - 250000 USD Yearly
USD
200000.00
250000.00
YEAR
Job Description & How to Apply Below
Position: Chief Financial Officer / Senior Comptroller
Job Summary:
Under the supervision of the President or designee, the Chief Financial Officer (CFO) / Senior Comptroller is responsible for providing vision, leadership, oversight and sound fiscal management for the financial operations of the College.
Duties & Responsibilities:
Provide oversight and direction for the planning, organization and leadership of the College's Accounting, Bursar, Fiscal Operations (includes Accounts Payable and Payroll), and purchasing financial units. Establish goals, strategies, objectives, policies, procedures and action plans that are consistent with the College's strategic plan.Manage the day-to-day financial operations of the College. Provide oversight and supervision for the operating, capital and grants budgets and budget models; allocation, disbursement and control of fiscal resources; chart of accounts; account reconciliations; year-end closings; tax filings; audit preparations and completion; accounts receivables; accounts payables; student financial aid and accounting; grant accounting; preparation of financial statements and reports; cash receipts;
preparation of revenue projections and risk assessments; and other related fiscal activities.Devise rules and procedures to enhance operational efficiency of the College's Banner financial software. Develop guidelines for successful and timely completion of annual and periodic financial audits and ensure compliance with prescribed guidelines.Accurate completion of all audits in accordance with college policy/procedure and applicable guidelines, while providing frequent status reports to the College President and cabinet members.Collaboratively work with other units of the College to design a comprehensive procurement plan for the efficient and economic delivery and payment of goods and services, in compliance with college and statutory mandates.Develop, implement and maintain internal control and financial reporting policies, standards and procedures that assure the fiscal, payroll, procurement practices comply with external rules, regulations, restrictions and generally accepted accounting principles.Lead staff in development of annual operating and capital budgets. Maintain multi-year budget models, which are aligned with and support the College's strategic priorities.Ensure compliance with Board of Trustees' policies; college, county, state and federal regulations; generally accepted accounting principles (GAAP); and other statutory requirements.Serve as the College's finance liaison on the Affinity Council and other related groups.Handle and/or manage sensitive information and adhere to strict confidentiality at all times.Maintain strict confidentiality and security of staff, student, and client records.Prepare routine, special, and ancillary reports as required.Prepare for the President a detailed and suitable structure and process of the financial operations of the college and perform staff assessment for reorganization of the financial units.Perform other related duties as required.Minimum Experience:
Master's degree in relevant field.CPA licensed.Five or more years of progressive leadership experience in financial planning or budget management at the senior management level, preferably in higher education.Substantive evidence of success in overseeing an entity's budget planning processes with expertise in the preparation of complex, detailed financial and budgetary analyses.Comprehensive knowledge of financial, investment, statutory and Internal Revenue Service mandates, plans and funding formulas, institutional Master Plans, preferably applicable to higher education at the community college level.Demonstrated knowledge of budget and technology models that link resource allocation performance and strategic planning.Demonstrated skills in the supervision of multiple complex units with the proven ability to effect and influence change through a collaborative and inclusive approach.Proven ability to provide vision and leadership in matters pertaining to financial affairs and effectively represent an educational institution with external constituents.Excellent analytical, problem solving, decision making, organizational, and interpersonal skills; and outstanding oral and written communication skills.Ability to work in a multi-cultural environment.Minimum Education Requirements: Master's Degree
Preferred Experience: Doctorate degree in Business Administration, or related area.
Preferred Education Requirements: Doctorate Degree
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Position Requirements
10+ Years
work experience
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