New

Vice President for Business Affairs

University of St. Francis

$160,745 - $184,856

403(b)

United States, Illinois, Joliet

500 Wilcox Street (Show on map)

Aug 28, 2025

Position Details

Position Information

Job Title	Vice President for Business Affairs
Position Number	004000
Department	Administration & Finance - Joliet IL
Job Grade	19
Anticipated Salary Range	$160,745 - $184,856
Benefits	https://stfrancis.edu/employment/
Notice of Nondiscrimination	The University of St. Francis does not discriminate in its employment practices or in its educational programs on the basis of any protected class. The University also prohibits retaliation against any person opposing discrimination or harassment or participating in any internal or external investigation or complaint process related to allegations of misconduct. For a complete copy of USF's Policy on Equal Opportunity, Harassment, and Nondiscrimination for All Faculty, Students, Employees and Third Parties or for more information, please go to https://www.stfrancis.edu/titleix/ or contact the Title IX Coordinator at TitleIX@stfrancis.edu.
Position Summary	Note: Applicant material reviews begin immediately, but applications are due no later than September 19, 2025. Note: Preferred start date is January 5, 2025 (negotiable) -- PURPOSE OF V.P. for BUSINESS AFFAIRS To assure the financial integrity of the University by developing and implementing sound fiscal policy, effective financial controls, processes and institutional budgets. To spearhead selected strategic initiatives. To develop, evaluate and oversee implementation of effective plans, which are both appropriate to and effective for the University's short-term and long-term financial objectives. COLLABORATIVE NATURE OF POSITION RESPONSIBILITIES The success of the University relies greatly on the effectively coordinated efforts of its senior administrative team. As such, it is essential that the Vice President for Business Affairs ( VPBA) work closely and collaboratively with all sectors of the University's constituencies. The VPBA plays a central role not only in effective management of and planning for the University's finances, but also in providing these constituencies with ongoing communication, education, and knowledge of the University's financial objectives, condition, and strategies. The nature of this position requires that the VPBA: Maintains a strong Business Office staff capable of and accountable for delivering quality financial services to the student body and other constituencies. Provides ongoing management and training to the Business Office staff to broaden its individual as well as contingency management capabilities. Maintains solid communications with the faculty and staff to assure that business and financial policies, procedures and financial / budgetary controls are well understood as well as compatible with the overall needs of the University. Maintains solid communications with the Senior Administration as well as with the Board of Trustees to assure that all relevant financial information is available to them on a timely basis and in an easily understood and useful format.
Essential Duties & Responsibilities	PRIMARY RESPONSIBILITIES Administration To be responsible for administration and oversight of the following functional areas within the University: Accounting and budgeting Grant accounting, budgeting, and reporting Student Accounts All related systems of internal financial control University-wide risk management including responsibility for appropriate P&C and H&W insurance placement, renewals, and appropriate levels of coverage; member of university's Crisis Management Team Chair university's Retirement Planning Committee, ensuring fiduciary responsibility to all 403(b) participants Maintain effective working relationship with all banking/financial institutions Preparation for and coordination of the annual external financial statement audit and Form 990 Investment management including oversight and coordination of OCIO investment managers Human resources management including compensation and benefits administration, payroll, and employee life cycle management (hire to retire) Administrative liaison to Board of Trustee's Finance & Infrastructure Committee, Audit, Risk Management & Compliance Committee, and Investment Committee Assist with purchasing and securing competitive bids for all major contracted services and deferred maintenance issues Financial Management To oversee, manage and implement the accounting, financial planning, and financial management necessary for University operations To develop and maintain a five-year financial planning model (including down side risk analysis) that is used by the Administration and by the Board of Trustees To administer the University's investments, endowment spending, and other spending policies with emphasis on a strong stewardship of funds. To provide fiscal leadership for effectively directing and coordinating the budget process to structure fiscally sound operating and capital budgets; chair university's Budget & Planning Committee. To provide ongoing and effective budgetary administration. Financial Reporting To prepare, present and interpret the major financial reports to executive management, the Board of Trustees' Audit, Risk Management & Compliance and Finance & Infrastructure Committees, and then to the full Board. To provide regular financial reporting directly to the President to assure timely knowledge and full understanding of all University financial issues To provide timely financial reporting to the Vice Presidents in support of their functional areas of responsibility To provide timely and accurate information related to the fiscal strength and stability of the institution to the various University constituencies as appropriate. Financial Communications To serve as the University's central repository for all historic, current, and proposed financial information which is necessary to support effective financial communications for internal, regulatory, or other external purposes. To provide regular, direct and timely support to the President in order to assure accurate communications on all relevant financial issues concerning the University. To serve the President directly, whenever the president may direct, as financial communicator to the Board, faculty and staff, students, alumni, parents, donors, and any other segments of the community as needed.
Minimum Requirements	Minimum Qualification Requirements Bachelor's Degree in business, finance or a field directly related to the responsibilities of this position Five years of finance or related operational experience within a higher education environment In-depth working knowledge of and experience in those financial issues unique to higher education (including such areas as D.O.E. regulations; accreditation requirements: financial aid management, peer group benchmarking standards). Strong working knowledge of financial technologies necessary for maintenance and support of the delivery of Business Affairs services Demonstrated knowledge of internal financial controls Proven ability to effectively coach, mentor, and develop employees at all organizational levels Inter-personal skills necessary for developing and sustaining productive working relationships and trust building with all constituencies Excellent strategic thinking and conceptual skills Proven abilities in financial communications, both written and oral. Willingness to support the Catholic and Franciscan values of the university Participate in and promote a culture of continuing quality improvement
Preferred Requirements	Preferred Qualifications Certified Public Accountant or Certified Management Accountant Ten years' experience in financial or related operational field
Hours/Shift/Work Schedule	Full-time exempt position, it is expected that work will performed to completion. Minimum of 40 hours per week, days, Monday through Friday; evening and/or weekend hours as needed.
Physical Requirements of Position	Work is performed in an office setting with minimal exposure to health or safety hazards. Substantial time is spent working on a computer. This is sedentary work which requires the following physical activities: sitting, walking, bending, stooping, finger dexterity, repetitive motions, talking, hearing and visual acuity.

Posting Detail Information

Posting Number	FP0746-16
Open Date	08/25/2025
Close Date
Open Until Filled	Yes