Finance officer Jobs in Chicago, IL

Job Details

Job Location

Latin House - Chicago, IL

Position Type

Full Time

Education Level

Master's Degree

Salary Range

285,000.00 - $315,000.00 Salary / year

Job Category

Executive

Description

OVERVIEW : About Latin :

A nationally recognized leader in independent school education, Latin School of Chicago is seeking an experienced and collaborative finance and operations leader to become our new Chief Finance & Operations Officer.

Latin is a coeducational day school, serving 1,190 students in junior kindergarten through twelfth grades. Latin boasts a vibrant community that comprises 179 faculty, 114 staff, and approximately 6,000 living and active alums. Founded in 1888, Latin is one of the oldest independent schools in the city of Chicago, and provides its students with a rigorous and innovative liberal arts educational program. Latin inspires its students to pursue their passions and lead lives of purpose and excellence.

Latin's shared values of excellence, community, and integrity affirm and define our community. They serve as guideposts for all that the school does, and connect us - students, teachers, parents and alumni - to each other and to Latin.

The School is seeking a Chief Finance & Operations Officer (CFOO) to start by July 1, 2025. The position reports to the Head of School and oversees many non-academic functions of the school including : finance, facilities, information technology, food services (contracted), legal matters, safety & security, and strategic initiatives. The CFOO also serves as the liaison to the Audit, Facilities, Finance, Investment, Risk Management and other committees of the Board of Trustees, as deemed necessary.

KEY RESPONSIBILITIES AND ESSENTIAL FUNCTIONS :

Finance and Accounting

• Collaborate with the Head of School, Board of Trustees, and department leaders to ensure alignment between financial planning and the School's mission.
• Develop and implement financial and operational strategies that support the School's mission and goals and are consistent with the organization's fiscal policy and compliant with state and federal laws.
• Oversee the financial operations of Latin, including the endowment, investments, cash management, financial analysis, budget management, debt compliance, and tax-exempt financing.
• Develop, approve, and implement the annual operating budget in collaboration with key stakeholders, and provide regular financial reports / updates for Trustees, senior administrators, department managers, and the like.
• Safeguard the School's assets and maintain the integrity of accounting records, ensuring accurate and timely financial reporting to school leadership and trustees.
• Provide support to the Head of School and the Finance & Budget Committee in setting annual tuition rates and other fees, using key metrics and drivers.
• Partner with the Head of School, Development, Enrollment Management and Financial Aid, and Human Resources offices to plan for and operationalize financial assistance (tuition remission and financial aid), both annually and for the longer-term.
• Ensure that financial statements, cash flow reports, Annual Fund Reports, and any Capital Campaign Fund reports are prepared and filed.
• Responsible for the oversight of the cash and bank accounts of the School participating in all banking relationships.
• Partner with the Chief Development Officer to identify contributed revenue opportunities that are consistent with the strategic plan.
• Pursue and analyze additional earned revenue sources.

Facilities & Operations

Risk Management

Day-to-Day Management and Leadership :

Latin School of Chicago is an independent, day school with a vibrant and diverse community. When we are at our best, we are engaging with our students both in and out of the classroom. Therefore, applicants should be deeply committed to embracing and supporting the diversity of our entire community.

OTHER DUTIES :

Qualifications

COMPETENCIES :

REQUIRED EDUCATION & EXPERIENCE :

ABOUT LATIN SCHOOL OF CHICAGO :

Mission : Latin School of Chicago provides its students with a rigorous and innovative educational program in a community that embraces diversity of people, cultures and ideas. Latin inspires its students to pursue their passions and lead lives of purpose and excellence.

Latin School achieves its mission by :

Vision : Our vision for educational excellence is to reinforce the value of an exemplary liberal arts education that makes learning inquiry-based, personal and inclusive. Our approach expands each Latin Learner's capacity for purposeful learning-whether in our school, our city, or our world.

Values : Excellence, Community and Integrity

FOR ADDITIONAL CONSIDERATION :

Latin School of Chicago is committed to bringing together a diverse faculty, staff, and student body. We encourage candidates who represent the broad, diverse community to which we aspire.

Latin School of Chicago is an Equal Opportunity Employer committed to an inclusive school experience for all.

The salary range for this position is $285,000 to $315,000, not including a comprehensive insurance and benefits package.