Founded in 1957, Saddle River Day School is a coeducational college-preparatory day school for grades Pre-K–12. The School is passionately committed to preparing our students not only for college, but for life beyond formal education. We maintain small class sizes and excellent student-teacher ratios so that we can help each child realize his or her potential with confidence. We challenge each student as an individual, knowing that every person acquires skills and maturity at a different pace. At each step of growth the mind needs to encounter ideas, demands and expectations to continue a trajectory to intellectual excellence. We help our students engage in intellectual risk taking at all ages by caring deeply for them as the individuals they are and by nurturing their souls as well as challenging their minds. We expect our students to achieve, and they do, in an atmosphere of personal care, strong student teacher bonds, and intellectual challenge.
Saddle River Day School is currently seeking a talented and collaborative Financial Officer to partner with and support the Head of School and the Board of Trustees in executing on the School’s mission and plans. The Financial Officer will be responsible for overseeing all financial operations and will have demonstrated successful managerial leadership and experience in a broad range of financial matters. S/he will have an understanding of, and appreciation for, an independent school culture and the ability to communicate effectively and interface easily with all constituencies, both inside and outside of the School.
The Financial Officer will be a key member of the Administrative Team and will work to ensure congruence among the School’s financial and business and operations, its mission and core values, and its strategic initiatives. Above all, The Financial Officer must understand and appreciate the balance between the business considerations and its educational purpose.
The successful candidate will demonstrate strong interpersonal skills and proficiency in speaking and writing. Minimum qualifications are a Bachelor’s degree in Accounting, proficiency in computerized spreadsheets and financial modeling, and at least ten years of experience, preferably in an educational context or with similar responsibilities in not-for-profit organization. An MBA and/or CPA certification is a plus.
The compensation package will be competitive and commensurate with experience. Start date: July 2, 2021
The Financial Officer will report directly to the Head of School and will have the following primary responsibilities:
Provide transparent and accurate financial reporting that builds trust among administrators, staff, the Board of Trustees and ensures a successful annual audit.
Lead the preparation of the annual budget, periodic forecasting, and long-term financial plans in conjunction the Head and Finance Committee of the Board.
Oversee the operations of the Business Office; maintain an effective system of internal controls and ensure that transactions are accounted for in accordance with GAAP.
Approve all financial obligations of the School.
Serve as primary liaison to the Finance, Investment, Audit, Pension, and Buildings & Grounds Committees of the Board of Trustees, working closely with Committee chairs and organizing agendas and meeting materials.
Coordinate with the outside investment manager to execute the endowment and investment policy decisions of the Investment Committee, including endowment allocation, investment and reporting.
Manage credit facilities and relationship with bank lenders including monitoring, and ensuring compliance with, loan covenants and ratios.
Serve as a member of the Financial Aid Committee.
Oversee risk management and the renewal of the School’s property, casualty, health and liability programs.
Coordinate with the School’s outside counsel regarding all legal matters.
Ensure that the School complies with all local, state, and federal reporting requirements.
Oversee the Manager of Facilities regarding all aspects of plant operations including security, maintenance, construction, service contracts, etc.
Oversee Human Resources and ensure the administration of sound and consistent employment policies, payroll, benefit programs and record keeping.
Administer 403(b) and 457(b) plans and ensure compliance with fiduciary and regulatory requirements.
Lead by example and operate and create an environment tightly aligned with the School culture and values of respect, transparency and accountability.
About Saddle River Day School
Saddle River Day School, located in the hills of Saddle River, New Jersey, was founded in 1957. Its student body of 300+ boys and girls is drawn from 64 communities in Bergen, Essex and Passaic Counties in New Jersey and Rockland County in New York. Saddle River Day School is composed of three divisions: the Lower Division, the Middle Division and the Upper Division. Saddle River Day School is a non-profit, non-discriminatory, co-educational, college-preparatory independent day school accredited by the New Jersey Association of Independent Schools, the Middle States Association of Colleges and Schools and the State of New Jersey. Over 70% of the faculty hold advanced degrees.