Fuller Theological Seminary
Title: Chief Financial Officer
Mission Statement: Fuller Theological Seminary, embracing the School of Theology, School of Psychology, and School of Intercultural Studies, is an evangelical, multidenominational, international, and multiethnic community dedicated to the equipping of men and women for the manifold ministries of Christ and his Church. Under the authority of Scripture we seek to fulfill our commitment to ministry through graduate education, professional development, and spiritual formation. In all of our activities, including instruction, nurture, worship, service, research, and publication, Fuller Theological Seminary strives for excellence in the service of Jesus Christ, under the guidance and power of the Holy Spirit, to the glory of the Father.
In the 70 years since its founding, Fuller Theological Seminary has become a place of rich diversity and theological leadership beyond what its founders could ever have imagined. Now the largest multidenominational seminary in the world, Fuller’s more than 3,500 students come from 90 countries and 110 denominations. Three schools (School of Psychology, School of Theology, and School of Intercultural Studies) and multiple locations allow Fuller to offer a full range of master’s and doctoral programs in both traditional classrooms and virtual environments. More than 43,000 alumni serve in churches and communities across the globe.
Yet from Charles E. Fuller’s original vision until now, Fuller Seminary’s core commitment has remained the same: equipping leaders with minds for careful scholarship and hearts for the unchanging, saving gospel of Jesus Christ.
For more information about Fuller Theological Seminary, visit www.fuller.edu.
Reporting to the President, the Chief Financial Officer (CFO) serves on the Executive Council, functions as liaison to the Provost’s Council, and serves as staff (delegate of the President) to the Resource Management, Investment, and Audit Committees of the Board of Trustees. The CFO has direct reports from the functions of Finance (Accounting, Budgeting), Student Financial Services, Human Resources, Legal Services, Auxiliary Services, Housing Services and Guest Center, and Facilities Services. The CFO serves as liaison to The Fuller Foundation, a financially interrelated entity managing the majority of the seminary’s endowment.
Fuller will be moving from its campus in Pasadena to Pomona in 2021. The sale of the property in Pasadena is expected to close in the next few months with the relocation to Pomona in the next two years, allowing financial stability. The CFO will be working alongside the President, the Vice President, Strategic Planning and Change Management and the Board of Trustees enabling a smooth relocation to a new campus.
The CFO provides leadership and strategic direction to budgeting and strategic planning in all matters financial, risk management, business decision-making, and investment of endowments and reserves and personnel policy. The CFO also supervises the non-academic operations of the seminary including housing, facilities, legal, auxiliary, and human resources.
Essential Functions of the Position:
- Serve as a member of the executive team of Fuller Theological Seminary providing financial advice and leadership, planning, and analysis of financial impact of decisions affecting Fuller Seminary
- Responsible for production of annual balanced operating budgets, which include
- Working closely with a broad cross-section of campus leaders in an effort to achieve the overall goals of the seminary
- Accountability to the Provost, Chief Operating Officer, President, and Board of Trustees to achieve timely, positive financial and operational performance
- Responsible for the continuous improvement of the financial condition of the seminary, including
- Design and monitor the seminary’s financial performance indicators to measure success and outcomes against plans and budgets
- Manage all of the treasury functions of the seminary in a manner to achieve maximum income potential
- Access to capital markets and capital/financial structures necessary to assure seminary financial success including public finance bond ratings
- Leadership in financial planning for long-term strategic capital construction initiatives and the purchase or sale of housing or other real property
- Manage all assets reported on the seminary balance sheet from cash, receivables, equipment and real property, payables, long term debt and equity reserves, and
- Design, implement, and monitor the seminary’s systems of internal controls for physical, financial, and personnel resources
- Develop and manage outside relationships with commercial and investment banks, law firms, auditors, insurance brokers, county tax collectors, and other outside providers to the financial function
- Coordinate the annual audit of seminary financial operations, including interface with The Fuller Foundation, and serving as staff to the Audit, Investment and Resource Management Committees of the Board of Trustees, so as
- (With the controller) to record, sort, and report financial results in accordance with Generally Accepted Accounting Principles (GAAP), for the Board of Trustees, administration, and external constituencies (lenders), including monitoring all loan covenants and financial base line standards required by letter of credit and bond covenants
- (With the Audit Committee) to ensure seminary compliance to Sarbanes- Oxley regulations
- To communicate all financial and auditing standards to the Board of Trustees, President, Chief Operating Officer, Provost, and administration of the seminary
- Advise and support the Provost and President in all matters relating to administrative functions impacting upon finances of the institution, including
- Support of the advancement/fundraising of the seminary
- Support use of technological initiatives and investment in technology management information systems and operations
- Support management of faculty housing and transitions including co-investment agreements and relocation matters
- Support management of credit card policy, distribution, and accounting
- Oversee financial aid and student accounts to assure
- A high quality of service to students and employees
- The effective and efficient work of the personnel responsible for the awarding of $5MM financial aid and coordination of $21MM in student loans
- The proper handling of tuition billing, collections, and accounts receivable
- Oversee all Human Resources and Legal Services of the seminary to assure that
- Payroll functions are timely, efficient, and meeting standards of performance essential to a healthy workplace
- Orientation, training, supervision, and morale of employees meets standards and benchmarks of the best Christian workplaces
- Personnel policies are revised and implemented consistent with corporate mission and legal requirements
- Management and risk assessment of insurance and retirement benefits are properly handled
- Collection of data and resolution for ministerial allowance for ordained staff are timely completed
- Compliance with Title IX and other regulatory requirements
- Fuller operates with appropriate legal risk assessment
- Oversee Housing and Guest Center Services to
- Assure a high quality of service to students, customers, and employees in the management of 550 housing units
- Assure the financial viability of each of these revenue centers so that they are self-funding service arms of the seminary and contribute annually to the net financial health of the seminary
- Oversee Auxiliary Services and Facilities Services so as to
- Assure a high quality of service to students, customers, and employees in each of these areas
- Assure adequate funding to maintain quality facilities that support the mission and people of the seminary
- Assure the effective and efficient work of the personnel responsible for the cleaning and maintenance of the campus as well as providing parking, campus security, phone, mail, and food service
- Manage office space to meet the changing needs of the seminary
TRAITS AND CHARACTERISTICS DESIRED:
The successful candidate will be a strategic, forward-thinking executive with strong business acumen, good judgment and an attention to detail. This person will have the ability to accurately diagnose organizational needs. This position requires the CFO to be a problem-solver with the ability to be responsive to short-term concerns while developing long-range strategies. The CFO must be self-motivated while at the same time working collaboratively with a wide range of individuals. The successful candidate will be a strong manager and will foster teamwork by working collaboratively and effectively with others, while holding staff accountable for deliverables. The CFO must have excellent oral, written and interpersonal communication skills and must be a good listener. The ability to effectively communicate, influence and motivate at all levels of the organization is an essential desired skill. The person in this position should have high ethical standards and should be a model of integrity and fairness, operating in a transparent fashion.
CAREER TRACK LEADING TO THIS POSITION:
The ideal candidate will have at least five to ten years of experience in a higher education setting or relevant business or nonprofit organization with demonstrated expertise and success in financial and administrative leadership. Candidates with experience in construction, relocation and real estate development would be ideal. Experience working with volunteer Board members is helpful. Professionals from the for-profit sector are also encouraged to apply.
An advanced degree is strongly preferred; a CPA and/or MBA is desirable.
Annual compensation will be competitive and relocation assistance, if needed, is negotiable. A comprehensive benefits package will be provided.