Vice President of Finance job at New York Law School
Vice President of Finance
New York Law School (NYLS), an independent law school in the heart of Tribeca, is looking for an experienced, strategic and collaborative leader to become its next Vice President of Finance. The Vice President of Finance, in conjunction with the Senior Vice President / CFO, leads financial and operational planning that aligns with NYLS ‘strategic plan. This role is a key member of the senior team that will have a high level of interaction with many internal and external stakeholders.
The Vice President of Finance directly oversees the management of a wide range of institutional financial functions, including reporting and operations of general ledger, general ledger systems, investment accounting, debt compliance and debt, grant management, investment projects, financial reporting and compliance, internal controls, treasury operations, student and other accounts receivable, policies, payroll administration, accounts payable, monitoring and tax reporting, financial analysis, financial compliance and other financial functions.
- Reports directly to the Senior Vice President / CFO, is part of the school leadership team and works closely with the Dean and President, Dean of Studies, General Counsel and Board of Directors to improve the financial strength of the school, including through operations and capital budgeting and management, long-term financial planning and analysis, fund management, evaluation and tuition and fee collection, student financial services, policy development, and overall financial compliance.
- Under the direction of the CFO, lead the development and implementation of NYLS’s $ 53 million annual operating budget, including detailed forecast of tuition and scholarship revenue. Develop budget scenarios and initiatives and make sure all expense budgets and income projections are up to date and accurate.
- Manage the use of corporate resource planning software (banner) to keep accurate records of income and expenses. Prepare various analyzes and / or reconciliations of accounts, unify investment income for distribution to endowment funds and prepare general journal entries and financial statements.
- Help manage NYLS’s $ 200 million endowment in coordination with the school’s investment committee and the external investment manager and advisor. Ensure that the school’s staffing meets federal and state requirements.
- Ensure timely payment of debt obligations and compliance with debt requirements.
- Lead all accounting operations functions and oversee all general ledger, accounts receivable, payables, payroll, student accounts, grants and financial reporting transactions. Manage accounting and financial reports including expense reports, credit accounting, special program accounting, cash management, repayable income funds, income accounting, affiliate invoicing, and grants.
- Maintain documentation of financial policies and procedures up-to-date through a financial manual that will provide the framework of standard practices and help maintain accurate records and compliance with federal, state and local legal and reporting requirements
Leadership and team development
- Provide financial leadership to the school community to help with effective management of resources. Foster a transparent, accountable and collaborative approach to financial and budget decision-making, building strong relationships with administrators, campus members and external stakeholders including bankers, investment advisers, legal advisors, listeners and others.
- Demonstrate effective leadership skills, manage a team with varied positions to ensure accountability to high standards. Establish and monitor staff performance and development goals, and ensure effective succession planning.
- Proactively leverage technology solutions wherever possible to create a higher level of efficiency in productivity, customer service, and support. Act as the primary liaison with the Office of Information Technology in the implementation and ongoing operation of accounting software systems.
- Ensure that NYLS financial processes are executed in accordance with accounting standards and in accordance with GAAP; all applicable federal, state and local regulatory laws; and financial and tax reporting rules.
- Maintain and monitor compliance with internal controls and best financial accounting practices; develop innovative financial standards and indicators.
- Oversee the preparation and filing of the school income tax return, Federal Form 990, Tax Transactions and Enforcement Report, and Federal Cash Transactions Report. Provide financial information for the American Bar Association’s annual report. Generate and distribute monthly departmental budget reports and provide income and expense data for annual budget preparation. Provide periodic reports to the Senior Vice President / CFO.
- Demonstrated understanding of a financial accounting system, including oversight of chart of accounts, working with staff accountant (s) to ensure general ledger is kept up to date and accurate, maintaining flow statements cash flow, appropriate cost allocation and preparation of monthly financial statements.
- Successful financial management experience in higher education or business operations at a senior management level with a solid understanding of accounting and non-profit financial management.
- Experience working with financial aid and scholarships, private donations, endowments, grants and annuities, enrollment numbers, projections and
- A clear and demonstrated record of exceptional leadership, strategic creativity, organizational effectiveness, a keen sense of finance and ethical financial management, with the ability to communicate and translate technical concepts to various constituents.
- Demonstrated record of achievement in promoting diversity, equity and inclusion.
- Demonstrated success in working with technological systems, systems analysis and systems implementation.
- Proficiency in the use of Microsoft Office, computerized administrative relational database systems, computer accounting systems (preferably Ellucian / Banner applications), a report writing tool (preferably Argos) and ADP Workforce Now.
- Competent and inspiring team leader with particular attention to team mentoring, team development, collaboration and succession planning.
- Bachelor’s degree in accounting and a minimum of seven to 10 years of a senior level position in accounting / finance and reporting, preferably in a non-profit higher education environment. (Masters and CPA designation preferred.)
How to register
Send a cover letter summarizing your qualifications and interests, along with your CV, to [email protected]
About New York Law School
Founded in 1891, New York Law School (NYLS) is an independent law school located in Tribeca, at the heart of New York City’s legal, government, financial, and emerging technology hubs. Known as the “New York Law School,” NYLS embraces the city as its classroom by complementing rigorous legal education with an innovative and diverse set of “only-to-do” experiential learning opportunities. New York “. Since opening its doors, NYLS has trained graduates who have held elected and appointed positions in the city, led companies large and small, and gained wide recognition as captains of business and industry. Its renowned faculty of prolific academics has enhanced the School’s strength in key areas of law, including business and financial services, intellectual property and privacy, as well as government and public interest law. NYLS has over 18,000 graduates and currently has approximately 1,100 students in its full-time and part-time JD programs. The school also offers a graduate program in tax law.
New York School of Law is an Equal Opportunity Employer
All qualified applicants will be considered for employment regardless of race, color, religion, sex, sexual orientation, gender identity, national or ethnic origin, age, disability or veteran status, or any other characteristic protected by law.