What are the responsibilities and job description for the Finance Director position at Elkhart Christian Academy?
Position Purpose:
The Finance Director provides strategic financial leadership to ensure the long-term stability and sustainability of Elkhart Christian Academy by overseeing all financial operations, including budgeting, forecasting, accounting, financial reporting, compliance, and risk management. They serve as a trusted advisor to the Superintendent, School Board, and Finance Committee, aligning financial resources with the school’s mission and strategic priorities.
Essential Duties and Responsibilities:
Financial Management
- Maintain accurate financial records and oversee accounting operations, internal controls, and financial reporting monthly.
- Review monthly financial statements and provide analysis to school leadership and Superintendent.
- Manage cash flow, banking relationships, debt obligations, investment accounts, and tuition management systems (e.g., FACTS is tuition management system, BAIRD is investment account company, Quickbooks).
- Develop and implement financial strategies aligned with the school’s mission and long-term goals.
- Prepare multi-year financial forecasts, budgets, and cash-flow analyses.
- Budgeting & Operations
- Lead the annual budgeting process in collaboration with the Superintendent, Finance Committee, and department heads.
- Managed and supported the Indiana Choice Scholarship application process, including verifying eligibility documentation, and ensuring accurate and timely submission to the Department of Education.
- Monitor budget performance, identify variances, and recommend adjustments.
- Evaluate financial operations to increase efficiency, support growth, and optimize resource stewardship.
- Oversee tuition billing, collections, and financial aid programs, including SGO accounts and scholarship awards.
- Provide financial framework for tuition planning, scholarships, and enrollment initiatives.
- Support advancement and fundraising efforts by analyzing revenue opportunities.
Risk Management & Compliance
- Oversee risk management policies, including insurance, general liability, and worker’s comp.
- Maintain employee handbook and contractual obligations to ensure compliance.
- Ensure compliance with financial regulations, IRS requirements, accreditation standards, and school policies; coordinate with external auditors during annual audits.
- Recommend policies and procedures to safeguard school assets and ensure sound fiscal practices.
- Prepare 1099 yearly as needed.
Board & Committee Engagement
- Serve as staff liaison to the Finance Committee and the School Board.
- Communication to superintendent for approval prior to board and finance committee.
- Prepare and present clear, concise financial updates, statements, and reports to Finance Committee and the School Board.
- Advise on strategic financial decisions and investment portfolio management.
Spiritual Qualifications
- A clear Christian testimony of salvation, a mature godly spirit, and a lifestyle of biblical integrity.
- Accept & support Elkhart Christian Academy's Statement of Faith, Vision, Mission, and Values.
- •A deep commitment to, and personal understanding of, the principles of a Christian education.
Position Qualifications:
- Bachelor’s degree in finance, accounting, or related field (CPA, MBA, or equivalent preferred).
- 4 years of senior-level financial management experience; nonprofit or education experience strongly preferred.
- Strong knowledge of nonprofit accounting standards and financial reporting.
- Excellent analytical, organizational, and communication skills.
- High integrity, sound judgment, and a collaborative leadership style.
Physical Demands:
- Must be able to sit and/or stand for long periods of time.