CONNECTICUT STATE COLLEGES
AND UNIVERSITIES (CSCU) SYSTEM
CHIEF FINANCIAL OFFICER
61 Woodland Street, Hartford, CT
Full-Time, 40 hours/week
Commensurate with experience
Review of applications will begin July 31, 2018 and will
the position is filled.
General Definition: The Chief Financial Officer
(CFO) manages the overall financial risk of the Connecticut State
Colleges & Universities (CSCU), comprising four state
universities, twelve community colleges, and an on-line college. In
executing this responsibility, he/she supervises the compilation of
annual and biennial budgets, annual financial statements, and
periodic analyses. The CFO supports the CSCU President
operationally and strategically, and serves as management liaison
to the Finance and Infrastructure Committee and the Audit Committee
of the Board of Regents for Higher Education (BOR).
The CFO will have primary day-to-day responsibility for
developing and maintaining finance and accounting policies,
budgeting and financial planning, accounting systems and
controllership function, contract management/negotiations and
coordination with CSCU legal counsel and the State Attorney
General’s Office, management of the construction and maintenance of
system-wide facilities, and securing and servicing bond funds. The
CFO is responsible for coordination of audits conducted by external
independent auditors and the state’s auditors. The CFO is
responsible for implementing and maintaining system-wide payroll
and purchasing functions.
- Advise the President and the BOR on all fiscal matters and
- Develop annual and biennial budgets and capital plans which
promote financial stability of the system and support prudent,
fiduciary utilization of state funds and student tuition and fees;
prepare budgets and requests for approval by the President and BOR
and submittal to the state’s Office of Policy Management for
appropriation of general, operating and bond funds.
- Assess organizational performance against both the annual
budget and the BOR’s long-term strategies.
- Ensure financial information systems are adequate to provide
accurate data and meaningful materials to support informed
- Manage cash and cash requirements in order to meet financial
obligations of the institutions and the system.
- Plan and implement strategies pertinent to the system’s finance
organization, including process redesign and recommendations for
efficiency/effectiveness; develop plans for shared services
wherever appropriate and feasible.
- Provide advice and guidance to Campus Presidents and finance
staff of the constituent units.
- Provide system executive management with advice on the
financial implications of all activities.
- Report as required to the BOR’s Finance and Infrastructure
Committee and Audit Committee, manage the agendas, ensure that
reporting is timely and relevant to the BOR’s duties, and prepare
any ad hoc reports or information requested by the BOR in
- Manage system-wide compliance; develop corrective action plans
and respond to findings of external and state auditors; ensure
processes promote compliance with state and federal laws, internal
controls, bond covenants, and ethical conduct.
- Implement and update enterprise risk management evaluations and
report items of significant risk or concern to the Audit
- Ensure annual reports are prepared in compliance with generally
accepted accounting principles, and coordinate and facilitate
independent audits to ensure timely filing with the Office of the
- With the President and in consultation with the institutions,
set annual tuition and fee rates and prepare information for BOR
- Develop and periodically evaluate the methodology for
allocating state funds to the individual institutions as a portion
of their revenues.
- Assist the President in advocating for state funding
- Convene periodic meetings of the institutions’ fiscal officers
to communicate information required for optimal performance,
consistent procedures and general/educational interest.
- Represent the President and CSCU on boards of various agencies
or quasi-agencies which are finance related.
- Coordinate and negotiate for insurance requirements such as
student accident insurance.
- Maintain ongoing business relationships with the appropriate
officials and employees of federal and state agencies, community
organizations, school districts and other educational institutions,
bond issuers and bond holders, and other business entities which
have financial or legal relationships with CSCU.
- Remains competent and current by reading professional journals
and literature, developing professional contacts with colleagues,
attending professional development courses, and attending training
and/or courses as appropriate.
- All other duties as may be assigned.
MBA or other advanced degree
from an accredited institution required. CPA or comparable work
experience required. A minimum of ten years of relevant
executive-level work experience required.
Qualifications, Skills and Personal
The successful candidate must possess abilities, skills and
attributes appropriate to the position, including:
Demonstrated leadership and strategic planning skills essential
to manage the financial and facility programs of a major, complex
organization with sound financial and fiscal controls; direct the
work of professional financial staff; develop and manage long-range
budgets for complex organizations; provide effective guidance to
policy-making boards of directors or regents; work within a
team-based and cooperative structure; and work in a complex union
Strong interpersonal skills and communication skills, (both, in
oral and written form) to manage well at all levels of the
organization and with staff at remote locations are essential.
Strong problem solving and creative skills and the ability to
exercise sound judgment and make accurate and timely decisions.
High level of integrity and dependability with a strong sense of
urgency and results-orientation. PC proficiency is essential
(Windows environment) and strong working knowledge of Banner.
Please submit the following via email to email@example.com : (1) CSCU Employment
Application (available at http://www.ct.edu/files/pdfs/Employment-Application.pdf
AND (2) in a single Word or PDF file
provide a cover letter, resume, and contact information for three
professional references. Please reference
“Search #18-07” on the subject line of the
Refer to www.ct.edu for more
information about the CSCU and our 17 institutions.
Review of applications will begin on July 31, 2018 and
will continue until the position is filled.
Notice of Nondiscrimination
The CSCU System does not discriminate on the basis of race,
color, religious creed, age, gender, gender identity or expression,
national origin, marital status, ancestry, present or past history
of intellectual disability, learning disability or physical
disability, veteran status, sexual orientation, genetic information
or criminal record. The following person has been designated to
handle inquiries regarding the non-discrimination policies: Leah
Glende, Manager of Diversity and Inclusion, 61 Woodland Street,
Hartford, CT 06105, 860-723-0727, or by email at
The CSCU System is an Affirmative Action/Equal Opportunity
Employer and strongly encourages the applications of women,
minorities, persons with disabilities, and veterans.