Director of Finance and Business
Job in
Wilmington, New Hanover County, North Carolina, 28412, USA
Listing for:
Cape Fear Academy
Full Time
position
Listed on 2026-01-12
Job specializations:
-
Finance & Banking
Financial Manager, CFO, Accounting & Finance
-
Management
Financial Manager, CFO
Salary/Wage Range or Industry Benchmark: 125000 - 150000 USD Yearly
USD
125000.00
150000.00
YEAR
Job Description & How to Apply Below
Job Overview
Manage the financial and business operations and affairs of the school within the general guidelines established by the Head of School and Board of Trustees. Major responsibilities of the position are to manage: all budgeting and proper financial accounting and reporting; information technology; human resources; insurance and risk; investment management; and advise Head of School in all financial manners.
Major Responsibilities FINANCIAL MANAGEMENT
a. Provide information for the Head of School, School Directors, committees and the Board of Trustees to aid in decision making and budgetary control.b. Reports as fully and clearly as possible the financial position of the school.c. Prepare school budgets for the Head’s review and recommendations and present budgets to the Finance Committee for their approval.d. Keep abreast of the school cash flow position at all times and transfer funds as needed.e. Invest tuition revenues in short term funds to maximize the interest income.f. Report to the Investment Committee of Board of Trustees on a regular basis regarding all invested funds in both unrestricted and restricted endowments; monitor real-time allocation of all funds received to the proper investment accounts and assist the Committee with oversight of the 403(b) retirement plan including the annual 403(b) audit.g. Report to the Audit Committee as needed to insure proper and timely completion and filing of the general financial audit, 990 tax return and 5500 benefit plan returns.h. Develop and maintain a financial planning model in conjunction with the School’s Strategic Plan that projects long-range financial needs.i. Manage the restricted funds to ensure donor restrictions are met.j. Ensure all debt service and loan covenants are met.k. Review agency accounts and provide guidance to advisors as necessary.l. Review department expenditures monthly to ensure budgets are properly managed by the directors.m. Prepare financial reports throughout the year for associations (NAIS, NCAIS, etc).n. Recommend to and develop with the Head additional programs that will produce revenue for the school.o. Prepare reports for the Financial Aid Committee and coordinate the award process.p. Negotiate employee benefits and facility liability coverage.q. Assist the Treasurer of the Board and the Finance Committee to ensure all required information is available for execution of their fiduciary responsibilities.r. Serve on School Leadership Team.s. Assist the Head of School with any additional assigned duties.t. Serve as liaison with school’s legal counsel on all matters.BUSINESS OFFICE
a. Supervise the Controller to ensure proper accounting procedures are followed in all financial transactions and the benefit programs are managed within established guidelines.b. Oversee payables, receivables, and payroll activities in the Business Office; prepare monthly journal entries, and check GL funds for accuracy.c. Review all disbursement’s documentation before signing checks to ensure all purchases have been properly authorized and are within the school’s yearly budget.d. Supervise the compilation of financial data for the annual audit.e. Review CFA’s Accounting Procedures annually and make changes as needed.f. Periodically review Business Office policies and procedures to ensure the staff is providing professional service to all faculty, parents and students who need assistance.g. Assist with the collection of outstanding accounts as needed.h. Negotiates the final food service contract and internal dining program in conjunction with the Director of Operations, Safety and Security.PERSONNEL/HUMAN RESOURCES
a. Assist with the preparation of all employment contracts and oversee all benefit programs offered to CFA employees.b. Obtain competitive bids for insurance programs (health, life, LTD, etc).c. Ensure the Section 125 Plan is administered in compliance with Federal guidelines.d. Review employee benefits annually and bring areas of concern and updates to the attention of the Head of School for review and recommendations.e. Oversee the review and revision of the Human Resources Manual annually.f. Assist in the…
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