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Vice President for Business and Finance/Chief Fiscal Officer

Alabama A&M University
Alabama, United States
Salary Not specified
Posted Date
Jan 18, 2022

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Position Type
Executive, Other Executive
Employment Level
Employment Type
Full Time
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The Vice President for Business and Finance is responsible to the President of the University for the effective direction and coordination of all business operations, finance, purchasing, inventory, personnel, and auxiliary enterprises.  The Vice President is responsible for carrying out the above functions in an efficient and effective manner in keeping with the mission, goals and objective of the University.

Essential Duties and Responsibilities:

  • As the University's Chief Fiscal Officer, serves as a member of the Executive Offices for Institution Planning (EOP) Committee.  Also, serves in an advisory capacity to the President in the formation, execution, evaluation, and dissemination of the institution's educational program.
  • Develops and assures compliance with fiscal policies and procedures that are consistent with the total objectives of the University and mandates by the Board of Trustees and the State of Alabama.
  • Has overall responsibility for the long-range financial projections and plans for the university and manages the banking and investments of the university funds within state and university guidelines.  Assumes principal responsibility for the fiscal integrity and economy of the University.  Establishes and implements an effective operating budget preparation and control system.  Develops coordinates and recommends to the President guidelines and a timetable for the implementation of a unified annual university budget; presents the approved unified annual budget to the appropriate internal and external units and agencies.  Provides timely and accurate financial reports to the President, Board of Trustees, and Budget managers.
  • In coordination with other vice presidents, develops and recommends business policies and procedures for submission to the president for approval.
  • Develops purchasing procedures for the University; receives and disburses all monies due and payable to the University, including but not limited to approval of appropriate invoices, billings, and requests for funds. 
  • Administers the university capital improvement program, to include new construction, renovations and repairs.
  • Is responsible for all incoming-producing services; review financial applications for outside funds, including federal and foundation proposals. Prepare and coordinates outside audits of university funds.
  • Establishes and maintains an effective university accounting system that meets all state and federal requirements. 
  • Administers and develops, maintains, and implements an inventory control system that monitors the repair and preventive maintenance for all university real property, buildings, grounds, supplies, and capital equipment.
  • Coordinates the professional development, and selection process of all personnel assigned to Business and Finance.
  • Negotiate banking contracts; along with preparing various reports including financial SACSCOC cost analysis, and IPEDS.
  • Serve as treasurer of AAMU and AAMU-RISE Foundations.
  • Perform other duties as assigned.


Minimum Position Requirements (including certifications, licenses, etc.):

  • Master's degree or its equivalent in Accounting, Business Administration, Planning and Finance or a related discipline. Ph.D. is desired.  
  • A minimum of five (5) years of experience in management and finance, along with facilities and project management, preferably at an institution of advanced education.
  • Certified Public Accountant (CPA) Preferred.

 Knowledge, Skills and Abilities:

  • Extensive experience and comprehensive knowledge in the areas of fiscal and facility management, reporting requirements, data processing, budgetary controls, and funding accountability.
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