Chief Financial Officer (CFO)

Job Title : Chief Financial Officer (CFO)

Employer:  Larkin University

Anticipated Start Date: January 2024

Salary: TBD

Position Type: Administration

Work Setting:  College / University

Hours: Full-time


Larkin University is a private, non-profit educational institution comprised of the College of Biomedical Sciences, the College of Pharmacy and the PA Program. Larkin University is a private non-profit higher education institution focusing on master’s and doctoral level programs in health professions to empower diverse graduates who reflect the demographics of the healthcare needs of the communities we serve.

Duties and Responsibilities

Position Overview:
The Chief Financial Officer (CFO) at Larkin University serves as the treasurer and custodian of funds, playing a pivotal role in the financial analysis, planning, and management of the university’s resources. The CFO collaborates with administrators and heads of departments, providing financial expertise to facilitate and support the institution’s mission and strategic plan.

Key Responsibilities:
Financial Leadership:
Lead the budget process, overseeing the development of annual operating and capital budgets.
Collaborate with Administrators and Managers to ensure effective financial planning and resource utilization.
Strategic Financial Advising:
Serve as the financial advisor to the President and Executive Team, offering insights and recommendations to inform decision-making.
Work closely with the President-CEO and other administrators to gather, collate, and analyze data related to financial operations.
Financial Reporting:
Ensure accurate and timely reporting of financial information to the President-CEO, Board of Trustees, external agencies, groups, and third parties.
Oversee the fiscal management of contracts and grants, ensuring compliance and transparency.
Investment Planning:
Collaborate with the President-CEO on the development of the university’s investment plan, aligning investments with state laws and optimizing returns with proper risk assessment.
Operations and Facilities Collaboration:
Work with the President-CEO and Director of Operations, in the development and maintenance of the campus facilities strategy.
Collaborate with the Director of Operations on property acquisitions, construction projects, and renovation initiatives.

Committee Engagement:
Serve on the President-CEO Council and other relevant committees as needed.

Risk Assessment and Insurance:
Assume responsibility for risk assessment in financial areas, implementing strategies to mitigate risks.
Secure adequate insurance coverage for the university.
Additional responsibilities as delegated by the President-CEO.

The ideal candidate for this position should be collaborative/collaborator, highly organized, initiative-taking, self-directed, proactive, have attention to detail, professional, flexible, and be able to manage confidential information. Should hold a minimum of a bachelor’s and/or master’s degree in finance, accounting, business administration, or a related field. Professional certifications such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or Certified Management Accountant (CMA) are essential, with those possessing a master’s degree in business administration (MBA) or a relevant field having a distinct advantage. A critical requirement is a substantial background in fiscal management and leadership roles within non-profit organizations, demonstrating a proven track record of success. Preference will be given to candidates with prior experience in executive-level financial positions, including CFO or Director of Finance roles in the non-profit sector. Proficiency in financial analysis, forecasting, and budgeting is a prerequisite, as is the ability to identify and manage financial risks specific to non-profit contexts. Excellent communication skills, both verbal and written, are crucial for effectively conveying complex financial information to non-financial stakeholders. The ideal candidate should uphold high ethical standards, demonstrate a commitment to financial transparency and compliance, and exhibit the adaptability needed to navigate dynamic environments and address intricate financial challenges in non-profit settings.

Application submission requirement:
Interested candidates should submit a single PDF document to the contact below, which includes the following components in this order:
1) Letter of intent
2) Updated curriculum vitae
3)Three names and contact information for two professional references. (With at least one reference from the most current employment)
Frida Musila
Director of Operation & Human Resources
Please ensure that the subject line of the email is as follows:
“Application |Chief Financial Officer.”

*Note that failure to submit the application as specified will result in the application being considered null and void.