The CFO is accountable for accurate financial results, budgets and other financial matters; remuneration, benefits, risk management, financial controls and control environment, and related administrative operations. This includes the development of operational and financial strategies for the University.
The CFO serves as the strategic financial partner of the University’s leadership. The CFO is responsible for the management and supervision of the finance team, oversight of the finance and bursary functions, budgeting, capital management, financial and management reporting and financial and accounting processes.
The CFO works closely with senior leadership throughout the University to develop strategies to strengthen its business, financial and administrative plans, and policies to achieve its strategic goals. The CFO advises the President and Board of Governors on financial and business matters relating to the University and the campus. The CFO will collaborate with other leaders of the University to build upon and support an innovative vision for UCCI’s future during a time of great momentum with exciting initiatives on the horizon. The CFO directs all financial operations including budgeting, accounting, procurement, cash, student financial aid, risk and asset management. The CFO develops financial planning processes to ensure that financial plans are aligned with University goals, which includes preparing financial models and annual and long term operating and capital budgets that provide for the realization of the University’s growth. The CFO also has responsibility for all reporting and compliance related to fiscal activity, for investment, pension obligations and debt management, official credit cards and for promoting the development and growth of the University in sound budget management and oversight.
The CFO is a member of the President's Executive Leadership.
Requirements
- A Master’s degree in accounting, finance, business administration, or a related field;
- Professional accounting designation (CPA, CMA, ACCA or equivalent);
- Seven (7) years of progressively responsible financial leadership experience, at least three (3) of which should be in a senior financial role;
- Working knowledge of International Financial Reporting Standards (IFRS).
Skills/Knowledge and Expertise:
- Experience leading an organization’s accounting and finance team;
- Demonstrated leadership in developing relationships with the business community;
- Demonstrated technical competence in financial functional areas including financial reporting, internal controls development and implementation, policy development, financial planning and budgeting, financial systems implementation and management, and bursary and debt management;
- Demonstrated ability to think strategically and work proactively in the creation and management of financial and administrative solutions resulting in organizational growth and success;
- Demonstrated ability to work collaboratively with peers and subordinates and effectively with other internal and external constituents;
- Excellent verbal and written communication and interpersonal skills;
- Impeccable commitment to operating with high standards of ethics and integrity, professionally and personally;
- Demonstrated ability to establish credibility and trust with broad and diverse constituencies;
- Commitment to excellence in achieving the division’s goals and supporting the University’s strategic initiatives;
- Effective problem-solving skills and the ability to engage others to address complex issues collaboratively;
- Strong leadership skills to establish vision and inspire and motivate others to achieve extraordinary results;
- Poised under pressure and able to maintain a sense of humor in stressful situations;
- Ability to balance competing demands and multiple responsibilities, making progress on long-term projects and addressing urgent needs.
- Proficiency in the use of Microsoft Office (Word, Excel, PowerPoint);
- Experience preparing externally audited accounts;
- A sound understanding of public sector procurement principles and the assessment of value for money; and
- Broad understanding of the Cayman Islands Public Sector financial framework.
Financial Planning and Oversight
- Ensures all financial operations including an annual audit, financial reporting, revenue collection, budgeting, reporting, financial aid, accounting, procurement, cash management, risk and asset management are carried out timely and compliantly.
- Ensures the existence and functionality of an appropriate ERP system to manage the University’s finances.
- Ensure the provision of adequate, accurate and timely data for strategic decision-making and operational leadership;
RevisedHRJune2023 - Develop financial planning processes to prioritize and ensure that the short-term and long-term financial plans are aligned with the goals of the University. This includes a multi-year financial plan, preparing financial models and annual and long-term operating and capital budgets that provide for the realization of the University’s goals;
- Lead the development of policies, planning guidelines, and procedures for the University's capital planning including development of the 10-Year Facilities Plan;
- Oversee bursary functions; and
- Provide analysis and recommendations regarding the University’s financial policies and access to financing.
Compensation and Benefits
KYD $90,912.00 - $122,268.00 per annum. (salary grade G)
Medical, pension and five (5) weeks annual leave.
How to apply
1.Please submit a CV along with a cover letter.
2. Include a listing of five (5) professional references with email addresses and telephone numbers.
Caymanians/Caymanian Status, persons married to Caymanians and those holding Permanent Residence are preferred.
Only shortlisted candidates will be contacted.
Deadline
Please submit the application to recruitment@ucci.edu.ky by October 4th 2024.
