About the Role
Basic Function: The chief financial officer position is accountable for the administrative, financial, and risk management operations of Juneteenth Intercontinental University, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve the University assets and report accurate financial results. Principal accountabilities are:
Planning
1. Assist in formulating the University's future direction and supporting tactical initiatives
2. Monitor and direct the implementation of strategic business plans
3. Develop financial and tax strategies
4. Manage the capital request and budgeting processes
5. Develop performance measures that support the Oasis International University's strategic direction
Operations
1. Participate in key decisions as a member of the executive management team
2. Maintain in-depth relations with all members of the management team
3. Manage the accounting, human resources, investor relations, legal, tax, and treasury departments
4. Oversee the financial operations of subsidiary companies and foreign operations
5. Manage any third parties to which functions have been outsourced
6. Oversee the University's transaction processing systems
7. Implement operational best practices
8. Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package
9. Supervise acquisition due diligence and negotiate acquisitions
Financial Information
1. Oversee the issuance of financial information
2. Personally review and approve all Form 8-K, 10-K, and 10-Q filings with the Securities and Exchange Commission
3. Report financial results to the board of regents
Risk Management
1. Understand and mitigate key elements of the University's risk profile
2. Monitor all open legal issues involving the University, and legal issues affecting the industry
3. Construct and monitor reliable control systems
4. Maintain appropriate insurance coverage
5. Ensure that the University complies with all legal and regulatory requirements
6. Ensure that record keeping meets the requirements of auditors and government agencies
7. Report risk issues to the audit committee of the board of regents
8. Maintain relations with external auditors and investigate their findings and recommendations
Funding
1. Monitor cash balances and cash forecasts
2. Arrange for debt and equity financing
3. Invest funds
4. Invest pension funds
Third Parties
1. Participate in conference calls with the donors/investment community
2. Maintain banking relationships
3. Represent the University with investment bankers and donors/investors
Requirements
Desired Qualifications: The candidate chief financial officer should have a master's degree in accounting or business administration, or equivalent business experience and 10+ years of progressively responsible experience for a major university, company or division of a large corporation. Should have experience in partnering with an executive team, and have a high level of written and oral communication skills. Preference will be given to candidates with an MBA in Finance and the Certified Public Accountant or Certified Management Accountant designations.
Additional Qualifications: A CFO who speaks English, French (+ Any other language) would be preferable. A requirement of an industry experience of at least two years. And as JIU is just started, the chief financial officer may also take on the role of the controller at the present.
Please see the attached Controller Job Description.
Working Conditions: Will work in an office environment. Extensive travel to company subsidiaries will be necessary, as well as for donors/investor road shows.
Supervises: Controller, Tax Manager, Human Resources Manager, Donor/Investor Relations Officer.
About the Company
Juneteenth Intercontinental University is a startup institution aimed at providing quality education to students worldwide. It seeks to fill the gap left by traditional universities by offering flexible and affordable courses to students. With an emphasis on technology and innovation, the University is set to provide a unique learning experience that prepares students for the future of work. Its mission is to empower individuals to pursue their career goals and make a positive impact on their communities. Juneteenth Intercontinental University is committed to creating a diverse and inclusive learning environment that nurtures critical thinking and creativity.
Vision: Transforming lives through quality and relevant skills-based education and fostering innovation and leadership in racialized, low-income, and historically underrepresented students.
Mission: To provide skills-based education that prepares students for success in their careers and beyond and empowers them with the competencies to navigate a complex and ever-changing world.
Objectives:
Increase higher education and scientific research among racialized groups
Provide exceptional academic mentorship, advocacy, and support services to visible minority students, and facilitate their adjustment to the rigors of graduate studies
Support recruitment and performance activities for visible minorities and low-income and historically underrepresented students
Create safe and welcoming environments that encourage academic perseverance, success, and personal growth
Develop action research and continuing education in the market's and government's priority areas
Promote a microfinance institution to support community development initiatives
Strategic Parameters: The parameters of the JIU Strategic Objectives include sustained evaluation and growth strategy, including affordability, academic quality, offering of desirable programs, retention and graduation rates, career outcomes and opportunities for graduates.
Our Education Benefits: (1) One-on-one and personalized education, (2) Focus on action research to bring the needed change, (3) Test on student’ strength, not standardizing, and (4) Sustained efforts for quality and equity. These four concepts are vital in ensuring that education is inclusive, addresses specific needs, encourages students to take ownership of their learning, and produces a quality output that is fair and equitable to all.
Organizational Structure
Juneteenth Intercontinental University (1) relies on a team of professional staff and faculty of various skills, aware that the problem of racialized people exists. (2) Ensure a more peaceful future and an inclusive society, wishing to participate in the implementation of solutions rather than being simple spectators. The JIU includes five important entities: early childhood - primary school - secondary school - professional school - college and university level.
