Moravian Academy
Location
Bethlehem, PA | United States
Job description
Moravian is a school with a storied history and is committed to timeless traditions and values, with its sights on the future. There is a visionary, strategic, and experienced head of school. There is a talented and dedicated faculty. There are motivated, curious, and compassionate students who take pride in both accepting and celebrating one another in a warm inclusive community. There are signature academic and experiential programs including, a Spanish Immersion program on the Historic Downtown Campus, Public Speaking and Experiential Learning on the Swain Campus, and the Comenius Project (honors independent study) on the Merle-Smith Campus. In addition, a robust number of co-curricular and extracurricular activities are available for students across all three campuses.
In 2023-2024 the School’s annual budget is $27 million which is supported by an endowment which totaled $29.5 million in November 2023. In 2023-2024 approximately $7.6 million in financial aid was awarded, with significant support coming from fundraising income, including Pennsylvania’s EITC and OSTC programs.
Reporting to the Head of School, the Chief Financial and Operating Officer serves on the senior leadership team and is responsible for budgeting, planning, accounting, and reporting of income, expenses, and contributed and invested funds of the school. The CFOO oversees and collaborates with staff members in the Business Office and Facilities departments. As a key member of the school’s leadership team, the Chief Financial and Operating Officer attends all Board of Trustees meetings and serves as the lead liaison for the Board’s Finance, Audit, and Investment Committees and serves on the Buildings & Grounds Committee.
Please visit the Moravian Academy website at: to learn more about the School’s history, mission, traditions, faculty and students, facilities, curriculum, co-curricular and extracurricular programs, commitment to diversity, equity, and belonging and commitment to environmental sustainability
THE POSITION
The Chief Financial and Operations Officer reports directly to the Head of School and is responsible for providing financial and operational direction and oversight for the School. As an officer of the Corporation, leader of the School’s Business Office, and member of the senior leadership team, Moravian Academy’s CFOO works collaboratively with the Board of Trustees, faculty and staff to develop and implement key financial initiatives in support of the mission of the School.
The successful candidate will be a strategic thinker with strong business acumen and a deep understanding of the complex array of factors that can affect an institution’s financial strength and long-term sustainability. The CFOO serves as a trusted advisor to the Head of School, providing in depth analysis and strategic recommendations
regarding the finance and operations of the school to ensure continued long term sustainability for an institution that is nearing its 300th anniversary.
The CFOO is responsible for managing and overseeing the School’s financial management practices and short and long-term financial planning and investment strategies with a high degree of efficiency, effectiveness, integrity, and compliance with all applicable laws and regulations. The CFOO oversees the Business Office staff, Director of Human Resources, Technology Department and Director of Facilities and Plant Operations. In addition, the CFOO oversees the outsourced contracts for security and food service.
COMPENSATION AND BENEFITS
Moravian Academy salaries are competitive and based on years of experience and expertise. Our generous benefit package includes retirement, health insurance, PTO, and 20 days of vacation annually in addition to one week of spring break and half of the winter break. The Academy’s retirement plan through TIAA pays 8% of salary or wages when eligible employees contribute 5% of their salary or wages. Full time employees are eligible to enroll in the Group Medical and Prescription Healthcare Program offered by the school through the PAISBOA consortium.The Academy financially supports the
continuing professional development of its faculty and administrators. 100% tuition remission is available to children of senior leadership team members who attend Moravian Academy.
TO APPLY:
This position will commence as soon as the ideal candidate is selected, with a start date no later than July 1, 2024. An interim CFOO is being considered for up to a six month period. Candidates interested in applying for the position of CFOO at Moravian Academy should send the materials below to [email protected]
-Letter of interest (cover letter)
-Resume or CV
-Name of four current references and contact information
KEY QUALIFICATIONS AND QUALITIES
The successful candidate to become the next CFOO will be an experienced business and financial leader who understands complex systems and has a mindset for understanding how to structure a small, dedicated staff to accomplish the goals associated with the School’s business and operations. The individual will embody and demonstrate most, if not all, of the following qualities, competencies, characteristics, and experiences:
- Bachelor’s degree and ten years of business or school finance experience. A CPA or Master’s Degree in accounting, business, finance or related field preferred.
- Strong financial acumen, gifted in both annual budgeting and financial forecasting and planning.
- A compassionate leader with high emotional intelligence.
- Ability to manage the Academy’s financial and business policies and procedures and the Business Office staff that oversee Accounts Receivable/Student Billing, Accounts Payable, Transportation, and Payroll and Benefits Administration.
- Capacity to develop and manage the process for setting annual fiscal budgets, working to build financial literacy among all school leaders.
- Provides transparent financial reporting and planning that builds trust among administrators, faculty and staff, trustees and all constituents.
- Oversees all annual financial and 403b plan audits and filings of tax returns. Prepares for and coordinates with the external audit teams and the Audit Committee for the annual audit of the Academy’s financial accounts and 403(b) retirement plan; prepares fiscal year end financial statements, notes to the financial statements and supplementary information.
- Coordinates and reviews with external auditor and Audit Committee the Academy’s IRS form 990 filing.
- Negotiates and maintains the Academy’s employee health insurance and benefit plans.
- Maintains all proper management and file preparation of IRS form 5500 for the Academy’s 403(b) retirement, Flexible Spending Account, Group Health Insurance, Group Life Insurance benefit plans.
- Maintains and administers the Academy’s insurance portfolio and risk assessment practices and procedures.
- Supervises and supports the Director of Human Resources, Director of Plant Operations, oversees the work of the members of the Business Office, and manages the Academy’s service contracts.
- Excellent leadership skills with the ability to mentor staff and delegate responsibilities.
- Ability to balance and prioritize the needs of the school.
- A leader and team builder who brings joy, kindness, maturity, and flexibility to the school environment, calling individuals into the work and supporting them in their development, while also working well under pressure and being assertive with direct reports when needed.
- Superb interpersonal, written, and verbal communication skills as well as a proven ability to work with a diversity of colleagues and stakeholders at all levels.
- High integrity, commitment to confidentiality, and the ability to handle sensitive information with a high degree of discretion and judgment.
- Ability to supervise and manage multiple functions and activities.
- Talent for identifying, selecting, and retaining outstanding administrators, professionals and staff as well as supervising and developing them and encouraging their professional growth.
- Personally committed to diversity, inclusion, and belonging, and holding individuals accountable for discriminatory behaviors or actions.
- Willingness to lead in alignment with the mission, values, and history of the school.
- Collaborates well with colleagues of diverse backgrounds.
-A very high level of energy, creativity, and flexibility.
- Enthusiasm for personal and professional growth.
About Moravian Academy
Moravian Academy, located in historic Bethlehem, Pennsylvania, is a PK through 12th grade coeducational college preparatory school and the ninth oldest independent school in the United States. Founded in 1742, Moravian Academy continues to be a school in motion. After a recent merger with The Swain School, Moravian Academy comprises 900 students and 200 employees. The extensive facilities are located on three campuses which together are the premier choice for independent education in the Lehigh Valley region. Each campus possesses a distinct culture and setting: The Downtown Campus for Grades P-8 inside the national historic landmark district that is at the heart of the City of Bethlehem; The Merle Smith Upper School Campus for Grades 9-12, situated on 120 acres of green expanse in Bethlehem Township, approximately 7 miles from downtown Bethlehem; The Swain School for grades PK-8 with a 22-acre contemporary campus in the beautiful west end of Allentown, approximately 25 minutes from the Bethlehem campuses.
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