Escoffier School of Culinary Arts - Chief Financial Officer

Location: Hoffman Estates, IL
Date Posted: 02-08-2018
Innovative Culinary Arts School seeks a Chief Financial Officer.
Location: Hoffman Estates, IL (Greater Chicago)
For a full position profile, click here:
The Position:
Escoffier is both a college and an educational technology company, disrupting the norms of culinary education by offering innovative, accelerated, and affordable alternatives to traditional ground-based culinary education. Reporting directly to the CEO, the CFO will serve as a key leader in this growing and innovative organization. This is an opportunity to join a company committed to growth. The next five years will be a time of change and hard work – and fun. A new CEO is building a capable team of leaders to stabilize enrollment at the two ground campuses, build enrollment online, and develop and execute strategies for growth. The CFO will professionalize and build the finance function while serving as a key partner to the CEO.  Escoffier is a nationally accredited, Title-IV eligible institution with campuses in Boulder and Austin and a growing online population.
The Primary Duties of the CFO include:
  • Act as Chief Financial Officer and strategic business partner to CEO, board, and senior executive leadership team. Serve as a key member of executive leadership team.
  • Assess and evaluate financial performance of organization with regard to long-term operational goals, budgets, and forecasts.
  • Provide insight and recommendations to both short-term and long-term growth plan of organization.
  • Identify, acquire, and implement systems and software to provide critical financial and operational information.
  • Evaluate departments and make suggestions for automating processes and increasing working efficiency.
  • Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.
  • Recruit, interview, and hire finance, accounting, financial aid, and payroll staff as required.
Financial Analysis, Budgeting and Forecasting:
  • Prepare and present monthly financial budgeting reports including monthly profit and loss, forecast vs. budget by division, and weekly cash flow by division.
  • Review and analyze monthly financial results and provide recommendations.
  • Identify, develop, and execute analysis of business initiatives, product launches and/or new service offerings.
  • Develop and maintain monthly operating budget and annual company operating budget.
  • Manage financial planning and analysis. Supervise creation of reports, software implementation and tools for budgeting and forecasting.
Accounting, General Ledger, Administration and Operations:
  • Supervise the accounting function to ensure the proper functioning of all systems, databases, and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
  • Review and ensure application of appropriate internal controls, compliance, and financial procedures.
  • Ensure timeliness and accuracy of financial and management reporting data for federal agencies, accreditors, investors, and other stakeholders.
  • Oversee the preparation and timely filing of all local, state, and federal tax returns.
  • Ensure compliance regarding all financial functions.
  • Oversee the month-end close process.
  • Enhance and implement financial and accounting systems, processes, tools, and control systems.
  • Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.

Financial Management:
  • Manage cash flow planning process and ensure funds availability.
  • Oversee cash, investments, and asset management area.
  • Explore new investment opportunities and provide recommendations on potential returns and risks.
  • Maintain banking relationships.
  • Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.
  • Represent company to banks, financial partners, institutions, investors, public auditors, and officials.
  • Remain current on audit best practices as well as state, federal, and local laws regarding company operations.
  • Bachelor’s Degree in Accounting or Finance. CPA Preferred. MBA or closely-related advanced degree preferred.
  • Background in online education or educational technology highly preferred.
  • Background in private equity a plus.
  • Experience as a CFO or senior-level finance executive, preferably in an innovative, fast-moving company.
  • 10+ years total accounting or finance experience.
  • Knowledge and understanding of GAAP and other relevant compliance issues.
  • Outstanding communication and presentation skills.
  • Demonstrated leadership ability, confidence, and executive presence – ability to motivate staff and work effectively with a CEO and investors.
  • Excellent analytical, reasoning and problem-solving skills.
  • Experience working with external auditors, internal controls and finance compliance-related issues.
To learn more about Escoffier School of Culinary Arts:  
To Apply
Confidential review of applications will begin immediately and are welcomed until the position is filled. Applications should include a resume along with a cover letter outlining your interest in and suitability for this position.
To apply online, click here: 
For nominations or further information:
Caitlin Hummel
Summit Search Solutions, Inc.
Direct: 585-598-3269      
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