St. Lawrence University seeks a Vice President for Finance and Treasury. Reporting directly to President William Fox, the Vice President is the Chief Financial Officer of the University and provides strategic and operational leadership for managing the institution’s financial resources. Direct reports include the Associate Vice President for Finance (including accounting, payroll, accounts payable and student financial services), the Director of Budget and Financial Planning, the Director of Compliance and Risk Management, and the Director of Contracts and the Bookstore.
The Vice President works closely with members of the Board of Trustees, including serving as a staff liaison with four committees: Audit, Budget & Finance, Compensation, and Investment. The Vice President serves as a resource person to the limited liability corporation that governs the contract for the Best Western University Inn. This LLC has trustees, alumni, and community members.
The Vice President’s responsibilities include financial planning, revenue and expenditure analysis for decision-making, development and execution of the operating and capital budget, supervision of all accounting and control, oversight of debt financing and the University’s investment portfolio, management of banking relationships and payroll, coordination with the Vice President for Community and Employee Relations of salary and benefits programs particularly in the area of health insurance and pension fund oversight, all financial audits, insurance programs, environmental health and safety, bookstore and purchasing, and enterprise risk management. The VP for Finance and Treasurer plays a central role in integrating fiscal planning with strategic program planning. The Vice President, along with a staff of 33, oversees the University operating budget of $108 million and an endowment of $251 million.
Additionally, the VP will have responsibility for the following:
- Serving as a key and trusted member of the senior leadership team, providing respected counsel to the President, Board of Trustees as well as other senior staff colleagues on all matters related to finance and risk management;
- Overseeing enterprise risk management assessments to assure legal and regulatory compliance in all fiscal operations, as well as identifying risks and developing appropriate policies and contingencies;
- Developing financial analysis reports and scenarios that will inform University-wide strategic priorities and planning;
- Leading transparent, inclusive budget and financial processes;
- Managing, recruiting and mentoring staff and ensuring ongoing training and development;
- Providing salary, wage and benefit plans, in collaboration with VP for Community and Employee Relations, as part of maintaining a progressive working environment for faculty and staff;
- Seeking out alternative or added sources of revenue and expenditures savings which improve fiscal operation of the University consistent with its mission;
- Along with the VP for Admissions and Financial Aid, determining financial aid award plans; and
- Working collaboratively with appropriate faculty, student, and staff committees on campus.
S/he will also represent and promote consortia relationships, including those with the NY 6, which is a Mellon-funded consortium that includes Colgate, Hamilton, Hobart and William Smith, Skidmore, and Union Colleges; the Associated Colleges of the St. Lawrence Valley (Clarkson College, SUNY Potsdam, SUNY Canton, and St. Lawrence University); and the Consortium of Liberal Arts Colleges (CLAC).
The Vice President for Finance and Treasury must possess a bachelor’s degree; an advanced degree is preferred. Successful candidates will have an established record of significant fiscal management experience, including oversight of investment portfolios and debt financing and expertise in strategic financial budgeting and reporting.
In addition, the successful candidate for the Vice President for Finance and Treasury will be:
- a compelling and articulate leader, able to communicate complex financial issues to trustees, faculty, students, administrators and other constituencies;
- a strategic thinker, with a deep knowledge of best practices and emerging issues, able to harness software and modeling tools to inform data-driven financial analysis and planning;
- an enthusiastic collaborator and partner in program and policy development with fellow senior staff members, faculty, and staff;
- an excellent manager of staff, able to recruit and develop diverse teams;
- able to demonstrate the highest degree of personal integrity and ethical standards;
- committed to issues of diversity and equity;
- committed to sustainability efforts; and
- able to embrace the culture and values of St. Lawrence University and relate to its many constituencies.
The search process is currently underway and will continue until the position is filled. Nominations, inquiries and expressions of interest should be forwarded, in confidence, to:
Susan VanGilder, Principal
Lesley A. Boyd, Consulting Principal
Storbeck / Pimentel & Associates, LP
Located in Canton, N.Y., St. Lawrence University is a coeducational, private, independent liberal arts institution of about 2,400 students. The educational opportunities at St. Lawrence inspire students and prepare them to be critical and creative thinkers, to find a compass for their lives and careers, and to pursue knowledge and understanding for the benefit of themselves, humanity and the planet. Through its focus on active engagement with ideas in and beyond the classroom, a St. Lawrence education leads students to make connections that transform lives and communities, from the local to the global. For additional information about St. Lawrence, please visit SLU’s homepage at http://www.stlawu.edu.
SLU is an Affirmative Action/Equal Employment Opportunity employer.