Vice President for Finance and Chief Financial Officer
Mercy College invites nominations and applications for the position of Vice President for Finance and Chief Financial Officer. The College seeks a strategic, collaborative, and ethical leader who will work in close partnership with the President and senior leadership team to ensure the continuation of Mercy’s strong financial position. The Vice President will provide leadership for accounting functions, analysis, financial planning and budgeting, endowment management, financial reporting, payroll, risk management, and human resources.
The Vice President will be a forward thinking and dedicated leader who will enthusiastically embrace the College’s mission and history of providing educational access for traditional and non-traditional students. These include students who may be demographically underrepresented in higher education, many with high financial need, and/or are first generation college students.
Mercy College is a thriving independent, coeducational, comprehensive, and student-centered institution with multiple campuses including in Dobbs Ferry, Bronx, Manhattan, Yorktown Heights, and with the recent agreement to provide The College of New Rochelle (CNR) students a seamless pathway to complete their education, Mercy has negotiated leases at three former CNR campuses including New Rochelle, Harlem, and Brooklyn.
Mercy College is driven by its mission to provide motivated students the opportunity to transform their lives through higher education by offering liberal arts and professional programs in personalized and high quality learning environments, thus preparing students to embark on rewarding careers, to continue learning throughout their lives, and to act ethically and responsibly in a changing world. Many Mercy College students come from backgrounds where attaining a college education is not a tradition and they are often the first or second generation in their families to earn a college degree. More than six decades of development and outreach has resulted in an undergraduate and graduate college rich in academic program offerings, diversity of student profile (the student body is about equally divided between Hispanic, African American, and Caucasian populations), and an unwavering commitment to keep higher education affordable.
Reporting to the President, the Vice President for Finance and Chief Financial Officer (VPF/CFO) works to create a culture of responsible stewardship of institutional resources. The VPF/CFO must align financial and administrative procedures with the College’s objectives and establish systems to ensure congruence between the College’s expenditures and student needs. S/he is responsible for assets that total approximately $330 million and an annual operating budget of approximately $172 million. In collaboration with the Endowment Management Committee and the advice of the investment consultant, the Vice President supervises the management of an endowment of approximately $260 million. The capital budget over the past several years has ranged from $10 million to $55 million with cumulative investments totaling over $100 million.
Review of candidates will begin immediately and will continue until the position is filled, with an anticipated starting date in January of 2020, but subject to negotiation. Application materials should include the following: a letter describing the candidate’s interest in and qualifications for the position; a curriculum vitae; and the names, addresses (including email), and telephone numbers for at least five references which may include trustees, administrators, faculty, professional colleagues, and community leaders.
All nominations and applications shall be confidential. Requests for information and all written nominations and applications should be directed to: