Chief Financial Officer

Milton Gottesman Jewish Day School of the Nation’s Capital | Washington, DC, United States

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Posted Date 7/09/2024
Description
Milton Gottesman Jewish Day School of the Nation’s Capital in Washington, DC seeks a dynamic and forward-thinking Chief Financial Officer (CFO) to lead MILTON’s financial success and direct half of the school’s operations.
 
The CFO is essential to helping MILTON achieve its mission and live out its core values. Through savvy and strategic financial leadership and a focus on both the details and our long-range plans, the CFO will strengthen our ability to support a diverse range of students, teachers, and families in a vibrant tapestry of Jewish community. The intelligent and student-focused allocation of financial resources supports the innovative teaching, joyful learning, and educational excellence we aspire to.
 
The new CFO will join MILTON in its 35th year, while the school is on solid financial footing and experiencing a strong admissions cycle. Reporting to the Head of School and working closely with the board Finance Committee, the CFO also partners with several colleagues within the school where a collaborative community and culture are part of what make the school a wonderful place to work. The right candidate will bring a mix of experience responsibly leading a mid-size organization’s financial and operational activities, a track record of building positive relationships and pitching in where needed, understanding of compliance issues–particularly in Washington, DC, an innovative and growth-focused mindset, and the ability to operate our financial systems in a way that places students at the center.
 
In addition, the incoming CFO should be ready to step in from time to time to work alongside other members of the school community. MILTON encourages each leadership team member to take on a duty and to pitch in when support is needed. A willingness to work alongside students, teachers, and administrative colleagues for arrival, dismissal, lunch, recess and/or with other school events is a must. 
This is a 12-month, full-time, exempt, fully in-person role.
 
Key Responsibilities
 
CFO Responsibilities:
  • Provide oversight of a budget of approximately $15M as well as substantial endowment and
  • Reserve accounts. Analyze and make recommendations related to all financial matters to HOS and Finance Committee Work effectively with outside auditors and accountants; prepare all required documentation Manage relationships with tuition payers and financial intermediaries with sensitivity and discretion Prepare financial data and reports, quarterly or as needed
  • Manage annual budget process
  • Design annual compensation budget, to include salary scale and increase for non-scale staff Create and maintain five-year forecast model, including capital expenditures budgeting Prepare cash management plan
  • Liaise with Finance and Investment Committee
  • Lead annual tuition assistance process and implementation
Controller Responsibilities:
  • Prepare/review monthly reconciliation process for all cash-based accounts Review reconciliation of donation reporting - pledges and cash received
  • Prepare internal documents for annual audit and 990 tax filing - includes schedule of functional expense, pledges receivable, salary accrual, tuition receivable/deferred revenue accounts Review/approve expense classification via online bill-pay system
  • Follow up with outstanding accounts receivable
  • Prepare semi-monthly payroll including tracking changes
  • Reconcile all payroll-related systems including health-care premium, FSA spending, 403B Bookkeeping / Accounting Responsibilities:
  • Record weekly payables via Bill.com and ensure appropriate classification
  • Record all credit card transactions and ensure appropriate classification of expense Record all advancement-related activity and ensure appropriate classification of expense Issue live checks in rare instances when Bill.com will not be used
  • Add new vendors and ensure receipt of W9
  • Prepare reclassification of expense reimbursement via Payroll and Credit Card refund transactions Obtain and maintain all cash-based account monthly statements
  • Record cash deposits from all sources   
 The ideal candidate will have a background or experience in:
  • Independent Schools and/or Non-Profits
  • Accounting and/or Finance (CPA, Preferred) 
 
Salary145,000.00 - 170,000.00 Annual
Duration
Full Time
Categories
Accounting & Finance | Chief Financial Officer (CFO) | Education - Other
Organization Type
Education & Schools
Benefits
Retirement Plans | Dental | FSA | Kosher Food Option Available | Leave Early for Shabbat | Life Insurance | Medical Insurance | Paid Holidays | Paid Vacation | Parental Leave | Sick Days | Mass Transit | Vision
Job Location
US
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