Director of Finance and Business

Description

Applications are now being accepted for a Director of Finance and Business.

Cape Fear Academy is a learning community committed to discovering and developing individual potential, preparing each student for success in college and life.

Located in Wilmington, NC, Cape Fear Academy is southeastern North Carolina’s premier PK3-12 independent school. A learning community of 813 students and 156 faculty and staff members, CFA is guided by its mission of discovering and developing individual potential. To accomplish this goal, CFA offers students an impressive array of opportunities in academics, the visual and performing arts, and athletics. Our 47-acre campus has state-of-the‑art facilities that provide a rich and inspiring physical environment for students to explore and develop their passions.

More important, CFA boasts a committed faculty and staff who live the school’s mission in their daily interactions with students.

Teachers at Cape Fear Academy deliver high quality instruction that emphasizes critical thinking, written and oral communication, and collaboration in a technology‑rich environment. CFA’s academic curriculum establishes clear, coordinated goals for each course and grade level while still allowing teachers the freedom to be creative and innovative in their instructional choices. Academic departments foster collaborative decisions about curriculum, materials, and departmental goals.

This high level of collegiality as well as support for continuous professional development make CFA an ideal place to grow professionally.

All members of the CFA community are familiar with and expected to uphold and foster the core values of respect, integrity, resilience, and accountability. These core values are the cornerstone of school‑wide commitment to developing leadership skills in our students, preparing them for success in college and life.

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.

• Provide information for the Head of School, School Directors, committees and the Board of Trustees to aid in decision making and budgetary control.
• Reports as fully and clearly as possible the financial position of the school.
• Prepare school budgets for the Head’s review and recommendations and present budgets to the Finance Committee for their approval.
• Keep abreast of the school cash flow position at all times and transfer funds as needed.
• Invest tuition revenues in short term funds to maximize the interest income.
• 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.
• 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.
• Develop and maintain a financial planning model in conjunction with the School’s Strategic Plan that projects long‑range financial needs.
• Manage the restricted funds to ensure donor restrictions are met.
• Ensure all debt service and loan covenants are met.
• Review agency accounts and provide guidance to advisors as necessary.
• Review department expenditures monthly to ensure budgets are properly managed by the directors.
• Prepare financial reports throughout the year for associations (NAIS, NCAIS, etc).
• Recommend to and develop with the Head additional programs that will produce revenue for the school.
• Prepare reports for the Financial Aid Committee and coordinate the award process
• Negotiate employee benefits and facility liability coverage.
• Ass…