Trinity Charter Schools
Description
Director of Finance
The
Director of Finance
is responsible for managing the school's financial operations and ensuring the institution's financial health, sustainability, and compliance with all applicable regulations. This role is crucial for overseeing budgeting, financial planning, reporting, auditing, and strategic financial management to help the charter school fulfill its educational mission while maintaining fiscal responsibility.
Key Responsibilities: Financial Planning & Budgeting : Lead the development, implementation, and monitoring of the school's annual budget. Collaborate with school leadership and departments to ensure budgets align with the school's goals and objectives. Monitor expenditures to ensure they remain within the approved budget and provide regular updates to the Board and stakeholders. Ensure the school's financial resources are allocated efficiently to support educational programs and operational needs.
Financial Reporting : Prepare and present monthly, quarterly, and annual financial reports for school leadership and the Board of Directors. Ensure all financial transactions are recorded accurately and comply with applicable laws and accounting standards. Provide detailed financial analyses to support decision-making by school leadership, identifying areas for improvement or adjustment. Maintain transparency and clear communication of the school's financial status with all stakeholders.
Compliance & Regulations : Ensure compliance with federal, state, and local regulations concerning financial operations, including those specific to charter schools. Work closely with auditors to ensure accurate financial audits and timely completion of financial statements. Stay updated on changes in educational finance regulations, tax laws, and reporting requirements. Implement and enforce internal controls to safeguard the school's financial assets.
Revenue & Funding Management : Oversee the management of all funding sources, including government grants, state/federal funding, donations, and fundraising activities. Monitor cash flow to ensure the school has sufficient resources to meet its obligations. Assist in the preparation and submission of funding applications, grant proposals, and reports to secure additional financial support. Track the school's performance in meeting financial goals set by funding bodies or grantors.
Financial Strategy & Analysis : Provide strategic financial recommendations to improve the financial performance and sustainability of the school. Analyze financial trends, student enrollment projections, and other factors affecting school revenue and expenses. Work with the school leadership team to create long-term financial forecasts and plans. Assess the financial viability of new initiatives, programs, or investments.
Payroll & Human Resources Coordination : Oversee payroll functions, ensuring accurate and timely processing of staff salaries and benefits. Ensure compliance with labor laws related to compensation and benefits. Collaborate with HR to ensure staff compensation is within budget and aligned with industry standards. Administer employee benefits programs (e.g., health insurance, retirement plans).
Financial Systems Management : Oversee the implementation and maintenance of financial systems and software used for accounting, budgeting, and reporting. Ensure the systems are efficient, secure, and provide real-time financial data to stakeholders. Provide training and support for staff members using financial systems.
Investment & Risk Management : Develop and implement strategies to manage the school's investments and reserves, ensuring the school's financial assets are working for its long-term stability. Assess financial risks, including changes in enrollment, state funding fluctuations, or operational challenges, and develop mitigation plans. Collaborate with school leadership to establish a contingency plan for unforeseen financial challenges.
Stakeholder Communication : Communicate regularly with the Board of Directors, school leadership, and other stakeholders about the school's financial health and performance.
Qualifications: Education : A Bachelor's degree in Accounting, Finance, Business Administration, or a related field. A Master's degree or CPA certification is a plus. Experience : At least 5-7 years of experience in related field. Skills : Strong analytical and problem-solving skills. Understanding financial software (e.g., QuickBooks, Excel, or similar tools) and accounting principles. Key Traits:
Leadership : Ability to lead financial decision-making, communicate effectively with diverse stakeholders, and work collaboratively with school leadership. Attention to Detail : Ensures accuracy in financial reporting and budgeting and identifies discrepancies or areas of concern quickly. Communication : Strong verbal and written communication skills to present financial information to non-financial stakeholders clearly. Ethical Judgment : Demonstrates integrity and transparency in all financial matters and ensures compliance with all financial policies and regulations. Work Environment:
Work remotely in an office setting, with occasional travel to school sites, meetings, or conferences. May require flexibility in hours to accommodate reporting deadlines, Board meetings, or special events.
Impact on the School:
The Finance Director plays a critical role in the operational success and sustainability of the charter school. By effectively managing finances, the Finance Director ensures that the school has the resources it needs to deliver quality educational programs and services to students while maintaining fiscal responsibility and accountability. This role helps the school remain compliant with financial regulations, secure funding, and plan for long-term financial stability.
Director of Finance
The
Director of Finance
is responsible for managing the school's financial operations and ensuring the institution's financial health, sustainability, and compliance with all applicable regulations. This role is crucial for overseeing budgeting, financial planning, reporting, auditing, and strategic financial management to help the charter school fulfill its educational mission while maintaining fiscal responsibility.
Key Responsibilities: Financial Planning & Budgeting : Lead the development, implementation, and monitoring of the school's annual budget. Collaborate with school leadership and departments to ensure budgets align with the school's goals and objectives. Monitor expenditures to ensure they remain within the approved budget and provide regular updates to the Board and stakeholders. Ensure the school's financial resources are allocated efficiently to support educational programs and operational needs.
Financial Reporting : Prepare and present monthly, quarterly, and annual financial reports for school leadership and the Board of Directors. Ensure all financial transactions are recorded accurately and comply with applicable laws and accounting standards. Provide detailed financial analyses to support decision-making by school leadership, identifying areas for improvement or adjustment. Maintain transparency and clear communication of the school's financial status with all stakeholders.
Compliance & Regulations : Ensure compliance with federal, state, and local regulations concerning financial operations, including those specific to charter schools. Work closely with auditors to ensure accurate financial audits and timely completion of financial statements. Stay updated on changes in educational finance regulations, tax laws, and reporting requirements. Implement and enforce internal controls to safeguard the school's financial assets.
Revenue & Funding Management : Oversee the management of all funding sources, including government grants, state/federal funding, donations, and fundraising activities. Monitor cash flow to ensure the school has sufficient resources to meet its obligations. Assist in the preparation and submission of funding applications, grant proposals, and reports to secure additional financial support. Track the school's performance in meeting financial goals set by funding bodies or grantors.
Financial Strategy & Analysis : Provide strategic financial recommendations to improve the financial performance and sustainability of the school. Analyze financial trends, student enrollment projections, and other factors affecting school revenue and expenses. Work with the school leadership team to create long-term financial forecasts and plans. Assess the financial viability of new initiatives, programs, or investments.
Payroll & Human Resources Coordination : Oversee payroll functions, ensuring accurate and timely processing of staff salaries and benefits. Ensure compliance with labor laws related to compensation and benefits. Collaborate with HR to ensure staff compensation is within budget and aligned with industry standards. Administer employee benefits programs (e.g., health insurance, retirement plans).
Financial Systems Management : Oversee the implementation and maintenance of financial systems and software used for accounting, budgeting, and reporting. Ensure the systems are efficient, secure, and provide real-time financial data to stakeholders. Provide training and support for staff members using financial systems.
Investment & Risk Management : Develop and implement strategies to manage the school's investments and reserves, ensuring the school's financial assets are working for its long-term stability. Assess financial risks, including changes in enrollment, state funding fluctuations, or operational challenges, and develop mitigation plans. Collaborate with school leadership to establish a contingency plan for unforeseen financial challenges.
Stakeholder Communication : Communicate regularly with the Board of Directors, school leadership, and other stakeholders about the school's financial health and performance.
Qualifications: Education : A Bachelor's degree in Accounting, Finance, Business Administration, or a related field. A Master's degree or CPA certification is a plus. Experience : At least 5-7 years of experience in related field. Skills : Strong analytical and problem-solving skills. Understanding financial software (e.g., QuickBooks, Excel, or similar tools) and accounting principles. Key Traits:
Leadership : Ability to lead financial decision-making, communicate effectively with diverse stakeholders, and work collaboratively with school leadership. Attention to Detail : Ensures accuracy in financial reporting and budgeting and identifies discrepancies or areas of concern quickly. Communication : Strong verbal and written communication skills to present financial information to non-financial stakeholders clearly. Ethical Judgment : Demonstrates integrity and transparency in all financial matters and ensures compliance with all financial policies and regulations. Work Environment:
Work remotely in an office setting, with occasional travel to school sites, meetings, or conferences. May require flexibility in hours to accommodate reporting deadlines, Board meetings, or special events.
Impact on the School:
The Finance Director plays a critical role in the operational success and sustainability of the charter school. By effectively managing finances, the Finance Director ensures that the school has the resources it needs to deliver quality educational programs and services to students while maintaining fiscal responsibility and accountability. This role helps the school remain compliant with financial regulations, secure funding, and plan for long-term financial stability.