Vice President of Finance, Chief Financial Officer (CFO)

Job Description

About Wentworth :

Wentworth Institute of Technology (“Wentworth”) was founded to “furnish education in the mechanical arts.” Today, almost 4,000 undergraduates pursue associate and bachelor’s degrees in 23 engineering, technology, design, and management disciplines across five schools : School of Architecture and Design, School of Computing and Data Science, School of Engineering, School of Management, School of Sciences and Humanities. In addition to offering certificate programs, graduate students may pursue 13 master’s degrees. While Wentworth offers traditional semesters, the hallmark of a Wentworth education remains the robust co-op program, offering hands-on experiences that offer depth of learning, relevant experiences, and valuable networking opportunities. More than 38 percent of the class of 2023 were offered post-graduate full-time employment by their co-op employer. This approach to professionally relevant education is uniquely woven into the fabric of Wentworth, where students are encouraged to make connections across disciplines, in classrooms, labs, and as active participants in industry.

Wentworth is a member of the Colleges of the Fenway consortium, and shares many facilities, resources, and activities with nearby institutions. With this membership, Wentworth students are entitled to register for courses with participating neighboring institutions at no additional cost. Wentworth earned the top spot in the latest New York Times college ranking when prioritizing earnings, economic mobility, and economic diversity among colleges in Massachusetts.

Position Summary :

Reporting to the Senior Vice President of Finance and Administration (SVP), the Vice President of Finance, Chief Financial Officer (CFO) will oversee budgeting and forecasting, financial planning and analysis, finances, accounting, treasury, and endowment. The CFO is a key partner in developing the Institution’s financial strategy and working collaboratively with the SVP and President and other University leadership, as well as the Board of Trustees, ensuring that the institution's operational and capital resources are deployed responsibly and consistently with the strategic plan of the institution.

Essential Responsibilities :

Finance / Accounting

• Develop and execute financial strategies aligned with the University's growth objectives and long-term vision.
• Develop and implement recommendations concerning the strategic allocation of resources, business processes, and finance policies.
• Develop and model strategies to improve financial performance and efficiency; and identify trends and changes in resource management.
• Manage and oversee all treasury functions, including but not limited to, investments, bonds, capital funds, operating cash, credit cards and other negotiable instruments.
• Provide the SVP with strategies and analysis on debt and cash management including supporting new ways of funding capital projects through public and private partnerships.
• Work with accrediting agencies, government and rating agencies on metrics and reporting of the Institute's financial position.
• Deliver timely reports, including dashboards, to the SVP, President and Board of Trustees as needed.

Budget Forecasting

Team Leadership

The CFO will foster a collaborative work environment that promotes inclusion, professional development, and performance excellence. The CFO is responsible for hiring, managing and developing accounting and finance staff and provide cross-departmental collaboration to ensure that financial systems and solutions support the College’s ambitions.

Minimum Qualifications :

Inclusive Excellence at Wentworth

Wentworth Institute of Technology is committed to diversity, equity, and inclusion in all University programs and activities. The University does not discriminate based on race, color, national origin, sex, sexual orientation, religion, disability, age, genetic information, gender identity, veteran status or any other category protected by law. All qualified applicants will receive consideration.

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