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Vice President for Business and Finance and CFO

Kalamazoo College
Michigan, United States
Salary Commensurate with experience
Posted date
Aug 26, 2021

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Position Type
Administrative, Business & Administrative Affairs, Business & Administrative Support, Executive, Chancellors & Presidents
Employment Level
Employment Type
Full Time
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Vice President for Business and Finance and CFO

Kalamazoo College (K) invites nominations and applications for the position of Vice President for Business and Finance. The next Vice President will serve as the Chief Financial Officer of the College and will continue a culture of responsible stewardship of institutional resources as the College moves forward.

Reporting directly to the President, the Vice President for Business and Finance serves as the Chief Financial Officer of the College and works to create a culture of responsible stewardship of institutional resources.  The Vice President must align financial and administrative procedures with the College’s objectives and establish systems to ensure congruence between the College’s expenditures and student needs.  The Vice President oversees the Business Office, Human Resources, College Bookstore, and Facilities Management. The Vice President is responsible for assets that total $452 million and an annual operating budget of approximately $49.5 million. With the advice and counsel of Cambridge Associates, LLC, an investment consultant, the vice president supervises the management of an endowment of approximately $306.25 million as of June 30, 2021.

The Vice President for Business and Finance is also responsible for financial accounting and reporting, control of financial operations, financial long-range planning and budgeting, and management of assets and liabilities within prescribed policies.  In addition, the Vice President consults regularly with the Faculty Planning and Budget Committee.

As a key member of the College leadership team, the Vice President is expected to contribute to shaping the College’s future direction and policies.  The Vice President works and communicates effectively with all constituencies, including administration, trustees, faculty, staff, and students, and plays a critical role in the development and construction of the campus.  Traditionally, the Vice President has served as the assistant treasurer of the Board of Trustees, and staffs the Finance, Audit, Investment, and Buildings and Grounds committees of the Board. 

The ideal candidate will have outstanding financial and administrative management skills; experience in facilities management, real estate development, and financing; experience in endowment management; a record of building and leading diverse teams; and a demonstrated commitment to the advancement of an innovative and increasingly global institution devoted to the liberal arts. The successful candidate will be an effective, balanced, and highly collaborative strategic leader who deeply values education and thrives in an entrepreneurial environment.  The Vice President will combine a capacity for strategic vision with technical expertise in financial management. The Vice President will blend the ability to meet the short-term needs of the College with a solid understanding of long-range strategic budgeting and facilities planning.

A baccalaureate degree is required and an advanced degree and/or comparable years of relevant experience in the field and at an institution of a similar size and mission, are preferred. Experience from other sectors, in addition to higher education, is welcomed.

For best consideration, please send all nominations and applications (CV and cover letter) to:

Ruth Shoemaker Wood, Managing Director

Lindsay Allison, Senior Search Associate

Storbeck Search

An equal opportunity employer, Kalamazoo College is committed to equal rights, equal opportunities, and equal protection under the law. The College administers its programs without regard to race, creed, religion, age, sex, national origin, height, weight, marital status, disability as protected by law, sexual orientation, or gender identity, actual or presumed.

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