Vice President for Finance, Chief Financial Officer, and Associate Treasurer
Drexel University fulfills our founder's vision of preparing each new generation of students for productive professional and civic lives while also focusing our collective expertise on solving society's greatest problems. Drexel is an academically comprehensive and globally engaged urban research university, dedicated to advancing knowledge and society and to providing every student with a valuable, rigorous, experiential, technology-infused education, enriched by the nation's premier co-operative education program.
Drexel University, the 14th largest private university in the nation, seeks a respected and experienced financial leader to serve as its next Vice President for Finance, Chief Financial Officer and Associate Treasurer (CFO).
Reporting directly to the Executive Vice President, Treasurer and Chief Operating Officer (COO), the Vice President for Finance, Chief Financial Officer and Associate Treasurer will oversee, manage and report on approximately $1.0 billion in revenue and $1.2 billion in net assets, of which $664 million are investments, and will play a vital role in providing strategic financial leadership and direction to all Drexel campuses. The successful incumbent will be expected to support the core educational and administrative objectives of Drexel and direct all financial planning and accounting practices for the University and all of its subsidiaries and related entities.
The CFO will provide financial stewardship, vision and innovation to implement best practices in support of the University's strategic plan; will manage resources, make recommendations, projections and set strategy regarding cash management and capital planning; and will serve as the primary liaison for all university banking relationships and rating agencies in addition to collaborating with key stakeholders within and outside of the University. The CFO will be expected to drive a culture of accountability, consistency and equity. An entrepreneurial spirit is required for this position, along with a commitment to providing a high level of customer service.
The selected candidate must have excellent interpersonal, communications and relationship- building skills and be able to lead a staff of 70 plus with five direct reports and four major departments — Comptroller, Budget and Financial Planning, Tax Compliance and the Treasury Office. The ability to understand and engage in trends and issues facing institutions of higher education, a global perspective and a clear understanding of the keys to future success are required, along with the ability to be resourceful, organized, results-oriented and to utilize sound judgment in making decisions. The ability to influence and motivate others and to work in a very fast-paced environment is essential for success at Drexel.
Enrolling some 25,000 students, Drexel University comprises 15 colleges and schools, which serve both undergraduate and graduate students. Drexel University College of Medicine is the largest private medical school in the country and the fourth largest overall. For nearly a decade, Drexel has been ranked in the category of Best National Universities in "America's Best Colleges" by U.S. News & World Report, placing 96th overall in the 2017 rankings.
With over 8,000 employees, Drexel is one of Philadelphia’s top 10 private employers, has a vibrant community of students, faculty and professional staff, and encourages the richness that diversity brings to the workplace. Like its students, Drexel's employees are known for being passionate, entrepreneurial and innovative. Known for having one of the nation’s oldest, largest and most respected undergraduate co-operative education programs, alternating six months’ work with six month’s study, Drexel offers a variety of educational and employment opportunities available to students all over the world, along with long-established ties to business and industry in the United States. Drexel has also committed to being the nation’s most civically engaged university, with community partnerships integrated into every aspect of service and academics.
Drexel University has retained Isaacson, Miller, a national executive search firm, to assist with this important search. Inquiries, nominations, and applications should be directed in confidence to Daniel Rodas, Vice President, and Liz Vago, Managing Associate, at www.imsearch.com/6106
Drexel University is an Equal Opportunity/Affirmative Action employer, welcomes individuals from diverse backgrounds and perspectives, and believes that an inclusive and respectful environment enriches the University community and the educational and employment experience of its members. The University prohibits discrimination against individuals on the basis of race, color, national origin, religion, sex, sexual orientation, disability, age, status as a veteran or special disabled veteran, gender identity or expression, genetic information, pregnancy, childbirth or related medical conditions and any other prohibited characteristic. Please visit Drexel’s website to view all University Policies and Workplace Postings