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Director of Finance
Overview
The Director of Finance is a strategic leader responsible for the oversight, planning, and management of all financial operations of the school. This role ensures fiscal sustainability, transparency, and alignment with the mission and strategic goals of the school. Reporting directly to the Head of School and working closely with the Board of Trustees, the Director of Finance oversees budgeting, accounting, auditing, risk management, human resources, and long-term financial planning.
Key Responsibilities
Financial Planning & Budgeting
- Develop and manage the school’s annual operating budget in alignment with strategic and educational priorities.
- Collaborate with the Head of School and Leadership Team to align financial planning with the school’s long-range strategic plan.
- Monitor budget performance and make timely adjustments as needed to ensure fiscal responsibility.
- Provide timely, accurate, and understandable financial reports to the Head of School, Finance Committee, and Board of Trustees.
- Ensure a transparent budgeting process that includes identifying cost-saving opportunities while maintaining programmatic integrity.
Accounting, Auditing & Compliance
- Supervise all business office operations, including payroll, accounts payable/receivable, tuition billing, general ledger, purchasing, and taxation reporting as it relates to a 501c3 institution.
- Ensure compliance with all regulatory and legal requirements, including federal and state filings.
- Prepare and manage the annual financial and retirement plan audits and respond appropriately to auditor recommendations.
- Implement robust internal controls to safeguard the school’s assets and maintain integrity in all financial practices.
Risk Management & Insurance
- Identify and mitigate financial and operational risks across the institution.
- Oversee all insurance coverage (liability, property, workers' compensation, etc.) to ensure appropriate protection and competitive rates.
- Regularly review policies and coordinate with legal counsel and insurance consultants on risk-related issues.
- Develop and maintain risk management and crisis response plans.
Human Resources & Payroll Management
- Oversee administration of payroll, benefits, and compensation programs in compliance with laws and policies.
- Collaborate with Head of School on staffing, compensation modeling, and budgetary planning related to personnel.
- Ensure accurate and timely employment tax filings.
- Support the financial administration of hiring, contract renewals, and benefits strategies.
Strategic Financial Planning & Development
- Lead multi-year financial planning, including scenario modeling, to support sustainability and mission-driven decision-making.
- Collaborate with Head of School and Finance Committee on capital projects, endowment strategy, and investment policies.
- Collaborate with the Development Office to ensure alignment of fundraising goals with capital and operating budgets.
- Identify and help implement revenue-generating opportunities, such as auxiliary programs, campus rentals, or community partnerships.
Leadership & Professional Responsibilities
- Lead the business office team with a spirit of collaboration, trust, and shared responsibility.
- Communicate effectively and proactively with faculty, staff, trustees, and families on matters related to finance and operations.
- Represent the school in all financial discussions with integrity and professionalism.
- Attend and contribute to Board and committee meetings as a senior administrative leader.
- Stay current with best practices in school business management through ongoing professional development.
Qualifications
- BA/BS is required. A degree in accounting or finance is desirable; an MBA or advanced degree is strongly preferred.
- CPA certification desired.
- Minimum of 5 years of financial leadership experience, preferably in an independent school or nonprofit setting.
- Strong knowledge of GAAP, accounting systems, financial forecasting, and compliance requirements.
- Proficiency in Microsoft Excel and familiarity with financial software systems (e.g., Blackbaud, Veracross, QuickBooks, etc.).
- Demonstrated success in leading high-performing teams and managing complex budgets.
- Excellent interpersonal, communication, and presentation skills.
Personal Attributes:
- Strategic thinker with a strong attention to detail.
- Ethical, transparent, and mission driven.
- Collaborative and approachable with a team-oriented mindset.
- Able to manage multiple priorities while meeting deadlines and maintaining flexibility.
Career Type
Full-time
Hiring Period
Next 3+ Months
Address
415 Route 343
Millbrook, NY 12545Posted on
Oct 3, 2025
Start Date
Feb 2, 2026
Salary Range
$95000 - $125000
Salary Type
Annually
Head of School
Peconic Community SchoolUpper School Division Head
The Packer Collegiate InstituteDirector of Major and Planned Gifts
The Hewitt SchoolHead of Hill Campus Maintenance
Riverdale Country SchoolFreqently Asked Questions
Success as a Director of Finance in a school setting hinges on strategic financial planning, mastery of nonprofit accounting standards, and strong leadership skills to guide budgeting, compliance, and risk management. Familiarity with educational funding cycles and collaboration with academic leadership enhances impact.
Millbrook’s nonprofit sector often emphasizes transparency and community engagement. A Director of Finance here must adeptly handle 501c3 compliance, tailor budgeting to regional economic factors, and navigate local regulatory nuances, supporting sustainability within the educational environment.
Daily tasks include overseeing payroll and tuition billing, preparing financial reports for boards, ensuring audit readiness, managing risk policies, and aligning finances with strategic school goals. Leadership in cross-department collaboration is pivotal to maintain fiscal health and operational integrity.
Advancement may lead to chief financial officer roles within education or nonprofit sectors, expanding influence on organizational strategy and capital projects. Developing expertise in investment policies, endowment management, and advanced financial systems broadens leadership scope.
Millbrook’s niche educational institutions create a moderately competitive market, valuing candidates with nonprofit financial expertise and CPA certification. Local demand favors professionals who blend financial acumen with mission-driven collaboration, reflecting the community’s commitment to educational excellence.
At Nysais, balancing budget constraints with programmatic quality, overseeing 501c3 compliance, and coordinating with multiple stakeholders like boards and trustees are key challenges. The Director must also navigate complex payroll and benefits systems within an evolving independent school framework.
Salaries generally range from $95,000 to $125,000 annually, reflecting experience, certification, and school size. This range aligns with regional cost of living and nonprofit sector standards, rewarding strategic financial oversight and leadership within independent schools like Nysais.
Nysais emphasizes a collaborative leadership culture with close board interaction and strategic mission alignment. The role integrates financial operations with educational priorities, requiring a balance of technical skill and approachable communication uncommon in more corporate finance roles.
The Director of Finance partners directly with the head of school and board committees, contributing to strategic decision-making and operational planning. This role requires proactive financial communication and fosters trust across faculty and families, highlighting its integral leadership presence.
CPA certification and advanced degrees like an MBA are highly regarded, particularly for nonprofit financial leadership. Familiarity with GAAP and regional regulatory compliance strengthens candidacy, as does proficiency with financial software tools tailored to school operations.
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