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The Chief Finance and Operations Officer will develop a financial strategy that
sustains our future. Careful management of new tuition revenue will need to balance against expenses for residential development and
additional costs with growing enrollment. In addition, the Chief Finance and Operations Officer will examine additional approaches to
generate revenue to support innovation and salary increases at the Academy, as well as necessary cost cutting measures to
ensure efficient and prudent use of all funds. The Business Office, Facilities and Capital Planning, Technology Systems, and Nutrition
Services would report to the Chief Finance and Operations Officer. The Chief Finance and Operations Officer reports to the President and is
a member of the President’s Cabinet and Senior Leadership Team.
The internationally recognized Illinois Mathematics and Science
Academy® (IMSA) develops creative, ethical leaders in science, technology, engineering, and mathematics. As a teaching and learning
laboratory created by the State of Illinois, IMSA enrolls academically talented Illinois students (grades 10-12) in its advanced,
residential college preparatory program. It also serves thousands of educators and students in Illinois and beyond through innovative
instructional programs that foster imagination and inquiry (www.imsa.edu).
The Illinois Mathematics and Science Academy (IMSA) is committed to an equitable, diverse, and
inclusive teaching and learning environment. Through a model of Equity and Excellence, IMSA has committed to advancing equity in STEM
education and representation and creating a diverse, inclusive community of global citizens who can realize their full potential and execute
our mission to advance the human condition.
This Equity and Excellence model is the intentional integration of Cultural Competence,
Diversity, Equity, Equity-Minded Frame, Excellence and Inclusion into every facet of the Academy, with the understanding that it is an
active and ongoing process involving structures, processes and people and not an isolated initiative.
This position will support
IMSA’s Equity and Excellence work by ensuring the delivery of quality, equitable, and inclusive support while promoting and maintaining an
inclusive work environment and culture that embraces the diversity of people and perspectives collaborating at IMSA to ignite and nurture
creative, ethical, scientific minds that advance the human condition. The Chief Finance and Operations Officer is instrumental in
devising strategies to fund necessary support programs to ensure students from Culturally, Linguistically, and Economically Diverse
backgrounds are successful.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
To perform this job successfully, an
individual must be able to perform each essential duty satisfactorily. Reasonable Accommodations may be made to enable qualified individuals
with disabilities to perform the essential functions. The Chief Finance and Operations Officer will be responsible for, but not limited
to:
- Advising the IMSA’s President and the Board of Trustees on all financial and business issues and needs
- Providing visionary, strategic, and operational leadership and management of all financial, facilities, and capital planning activities
including the development and maintenance of policies, practices, procedures. - Managing Academy’s annual State appropriation budget
request for both operating and capital needs - Developing new revenue generating activities
- Establishing and maintaining a
balanced budget each fiscal year while accounting for increased expenses due to inflation and cost of living adjustments - Developing
an optimal financial strategy for supporting capital development - Engaging in partnerships that would lead to capital development
opportunities - Developing and implementing a plan for the business operations
- Establishing financial projections to support
staffing as well as financial guidelines for hiring. - Maintaining a capital maintenance plan, pursuing high quality with
reasonable cost structures - Making recommendations for acquisition contracts that will fulfill our needs while also being cost
effective. - Ensuring our personnel operations are financially efficient
- Ensuring our technology services and systems
support student and staff needs and are operating with maximum efficiency - Supervising Business and Finance, Facilities and Capital
Planning, Technology Systems, and Nutrition Services - Play a key role in all aspects of the collective bargaining process for all
employee work groups - Actively serve in a consultative and leadership role in the President’s cabinet
- Other duties as
assigned
MINIMUM QUALIFICATIONS
- Senior level leadership experience in an institution of
comparable complexity, dynamics, creativity and vitality - Senior level leadership experience in an institution of comparable
complexity, dynamics, creativity and vitality - MBA or related Master’s degree required; high level of knowledge in accounting,
finance, budget and resource planning - Extensive knowledge and experience in the principles and practices of budgeting and financial
management, including modeling, analysis, projections and financing - Experience in capital development or major projects that
reflect financing and projecting new revenue against costs - Experience in developing and maintaining multi-million dollar budgets,
as well as financial audits - Experience in staffing and managing business and facilities operationsProficient in the use and
integration of technology for accounting, business, and operations management
WORKING CONDITIONS AND PHYSICAL
REQUIREMENTS
Work is performed in an office setting with minimal exposure to health or safety hazards. Substantial time is
spent working on a computer. This role generally requires mobility, written and verbal communication, hearing and visual capabilities.
However, reasonable accommodations, including assistive technology, may be made to enable qualified individuals with disabilities to perform
such requirements.
SALARY AND BENEFITS
This leadership position is a full-time, twelve-month, at-will
position. Starting salary no less than $140,000 and commensurate with training and experience expected at this level of leadership in
comparable institutions. The Illinois Mathematics and Science Academy offers an excellent comprehensive benefits package including health
and retirement benefits.