Chief Business Officer
Company Name:
Oxford Preparatory Academy
The Chief Business Officer is a key member of Oxford Preparatory Academys senior leadership team, managing the day-to-day financial operations of the charter schools and the School Support Team in the areas of accounting, banking, budgeting, and financial planning. This position reports to the Executive Director and is responsible for building a scalable and efficient financial infrastructure, providing exceptional service and support to our schools, and ensuring their continued financial success.
Primary duties and responsibilities include, but are not limited to:
Manage, mentor, and develop a team of finance and accounting professionals. Manage work allocation, training, problem resolution, performance evaluation, and the building of an effective and dynamic team;
Serve as financial advisor to Executive Director (ED) and Chief Academic Officer (CAO) on fiscal operating decisions;
Have a clear understanding of how each financial decision impacts the quality of education delivered at each charter school;
Represent Oxford Preparatory Academy (OPA) to its financial partners including financial institutions, potential investors, donors, and auditors;
Provide world-class customer service to internal and external partners;
Oversee the preparation and approval of all financial reporting materials and metrics for the Board of Directors and senior leadership;
Evaluate documentation related to financing, leasing, and other corporate activities including real estate financing;
Oversee the preparation of materials and reports to meet the compliance needs of all local, state, and federal agencies as well as grant and bank covenants;
Manage payroll, accounts payable and receivable, budget amendments, financial statement reporting, bank reconciliations, and petty cash;
Provide risk management analyses to ensure that OPA proactively review, anticipates, and addresses potential risks of all kinds affecting the network, and oversees the maintenance of appropriate insurance policies;
Remain up to date on nonprofit audit best practices and state and federal law regarding nonprofit and California public charter school operations;
Oversee banking and investments including financing, cash management, and adherence to bank and debt covenants;
Ensure that effective internal controls, policies and procedures are in place and ensure compliance with applicable federal, state, and local regulatory laws, and rules for financial and tax reporting;
Maintain and update fiscal calendar for all reporting deadlines including, but not limited to, audit schedule, tax reporting, initiation of annual budget processes and monthly close dates;
Improve financial literacy within organization; train School Leaders, staff members, and Board of Directors on financial policies, procedures, and best practices;
Prepare for and manage annual organizational audits performed by independent financial auditors;
Manage and execute year-end audits for all schools, and work with external independent financial auditor to ensure clean financial audits;
Develop and maintain a multi-year financial projection model to inform the Executive Director and senior leadership regarding OPAs growth and decision-making around expansion;
Deliver timely reports to the Executive Director and all necessary agencies as needed and/or requested;
Track and communicate operational performance to all schools and other stakeholders;
Report status of operational metrics and deliverables to leadership and stakeholders in written and presentation format;
Other related duties as assigned.
Qualifications:
Bachelors Degree and Masters Degree in Business/Finance and MBA or CPA required.
At least 5 years of significant work experience with growing organizations (budgets exceeding $5 million) in a senior financial position.
Experience in non-profit/education field and knowledge of fund accounting, the laws, rules, procedures, and programs specifically related to the business operation of public charter schools in California.
Strong organizational skills, ability to set up systems and processes to streamline accounting and finance functions.
Excellent business writing, oral communication, and presentation skills.
Strong analytical and problem-solving skills with the ability to turn data into insights and anticipate questions and problems.
Demonstrated ability to work in a fast-paced, high-energy environment with a proven ability to meet and complete multiple deadlines and tasks.
Demonstrated flexibility, creativity, and collaborative working style.
Strong judgment and decision-making skills.
Experience working in charter schools and/or other education, non-profit, or public sector organizations.
Knowledge of general accounting procedures and experience with budgeting, forecasting, and cash flow management.
Excellent organizational, planning, and implementation skills; relentless results-orientation.
Ability to manage the ambiguity and multiple priorities inherent in an entrepreneurial environment.
COMPENSATION:
Salary is based on years of experience, degree of education, and level of expertise.
A competitive employee health benefits package is also offered.Estimated Salary: $20 to $28 per hour based on qualifications.
Oxford Preparatory Academy
The Chief Business Officer is a key member of Oxford Preparatory Academys senior leadership team, managing the day-to-day financial operations of the charter schools and the School Support Team in the areas of accounting, banking, budgeting, and financial planning. This position reports to the Executive Director and is responsible for building a scalable and efficient financial infrastructure, providing exceptional service and support to our schools, and ensuring their continued financial success.
Primary duties and responsibilities include, but are not limited to:
Manage, mentor, and develop a team of finance and accounting professionals. Manage work allocation, training, problem resolution, performance evaluation, and the building of an effective and dynamic team;
Serve as financial advisor to Executive Director (ED) and Chief Academic Officer (CAO) on fiscal operating decisions;
Have a clear understanding of how each financial decision impacts the quality of education delivered at each charter school;
Represent Oxford Preparatory Academy (OPA) to its financial partners including financial institutions, potential investors, donors, and auditors;
Provide world-class customer service to internal and external partners;
Oversee the preparation and approval of all financial reporting materials and metrics for the Board of Directors and senior leadership;
Evaluate documentation related to financing, leasing, and other corporate activities including real estate financing;
Oversee the preparation of materials and reports to meet the compliance needs of all local, state, and federal agencies as well as grant and bank covenants;
Manage payroll, accounts payable and receivable, budget amendments, financial statement reporting, bank reconciliations, and petty cash;
Provide risk management analyses to ensure that OPA proactively review, anticipates, and addresses potential risks of all kinds affecting the network, and oversees the maintenance of appropriate insurance policies;
Remain up to date on nonprofit audit best practices and state and federal law regarding nonprofit and California public charter school operations;
Oversee banking and investments including financing, cash management, and adherence to bank and debt covenants;
Ensure that effective internal controls, policies and procedures are in place and ensure compliance with applicable federal, state, and local regulatory laws, and rules for financial and tax reporting;
Maintain and update fiscal calendar for all reporting deadlines including, but not limited to, audit schedule, tax reporting, initiation of annual budget processes and monthly close dates;
Improve financial literacy within organization; train School Leaders, staff members, and Board of Directors on financial policies, procedures, and best practices;
Prepare for and manage annual organizational audits performed by independent financial auditors;
Manage and execute year-end audits for all schools, and work with external independent financial auditor to ensure clean financial audits;
Develop and maintain a multi-year financial projection model to inform the Executive Director and senior leadership regarding OPAs growth and decision-making around expansion;
Deliver timely reports to the Executive Director and all necessary agencies as needed and/or requested;
Track and communicate operational performance to all schools and other stakeholders;
Report status of operational metrics and deliverables to leadership and stakeholders in written and presentation format;
Other related duties as assigned.
Qualifications:
Bachelors Degree and Masters Degree in Business/Finance and MBA or CPA required.
At least 5 years of significant work experience with growing organizations (budgets exceeding $5 million) in a senior financial position.
Experience in non-profit/education field and knowledge of fund accounting, the laws, rules, procedures, and programs specifically related to the business operation of public charter schools in California.
Strong organizational skills, ability to set up systems and processes to streamline accounting and finance functions.
Excellent business writing, oral communication, and presentation skills.
Strong analytical and problem-solving skills with the ability to turn data into insights and anticipate questions and problems.
Demonstrated ability to work in a fast-paced, high-energy environment with a proven ability to meet and complete multiple deadlines and tasks.
Demonstrated flexibility, creativity, and collaborative working style.
Strong judgment and decision-making skills.
Experience working in charter schools and/or other education, non-profit, or public sector organizations.
Knowledge of general accounting procedures and experience with budgeting, forecasting, and cash flow management.
Excellent organizational, planning, and implementation skills; relentless results-orientation.
Ability to manage the ambiguity and multiple priorities inherent in an entrepreneurial environment.
COMPENSATION:
Salary is based on years of experience, degree of education, and level of expertise.
A competitive employee health benefits package is also offered.Estimated Salary: $20 to $28 per hour based on qualifications.
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