Meredith College seeks nominations and applications for the position of Vice President for Business and Finance (VPBF), who will report to President Jo Allen and become a key member of an experienced, dynamic Executive Leadership Team (ELT). The anticipated start date is January 2021.
The current tagline of the College, "Going Strong," reflects the positive spirit of the institution, as well as its strengths in student outcomes, financial position, alumnae achievement and loyalty, successful fundraising, and stability of continuing senior leadership. This is an extraordinary opportunity to be part of an historic yet innovative and evolving institution and to make a positive difference as the College continues well into its second century of academic excellence and leadership development for women.
The VPBF provides visionary, ethical, and strategic leadership for all financial operations of the College. Areas of responsibility include financial planning and budgeting; accounting and business operations; financial reports and audits; human resources; facilities management, including renovation and construction; procurement and contracting; information technology; risk management and investments; and, in coordination with the ELT, articulating and implementing the College's strategic plan. The Vice President also serves as the staff liaison to the Trustees' Business and Finance Committee and the Investment Committee.
About Meredith College Meredith College is a private, residential women's liberal arts college and coeducational graduate school in Raleigh, North Carolina. Chartered in 1891, Meredith College—then known as the Baptist Female University—opened in 1899 with just over 200 women. Separate from the North Carolina Baptists since 1990, Meredith now enrolls approximately 1,600 women in its undergraduate programs and 300 women and men in its graduate programs. The College's reputation as a strong academic institution in North Carolina has increased 22 percentage points since 2013.
Meredith College, with an annual operating budget of approximately $56 million, is in a strong financial position, earning a high rating for financial responsibility from the U.S. Department of Education. The College's Standard & Poor's rating was raised in 2017 from BBB to BBB+, where it has remained steady. The net assets of Meredith College were valued at $191 million in 2019. Although the COVID-19 pandemic has certainly challenged this and other institutions in many ways, Meredith's enrollment picture for 2020-2021 remains stable.
Recent capital and comprehensive campaigns have been very successful, reflecting the dedication of senior leaders, alumnae, and friends of the College. The Beyond Strong campaign, launched publicly in 2016, raised more than $90 million by 2018, far exceeding the $75 million goal even earlier than projected. At the beginning of the campaign, the endowment was approximately $67 million; at its highest point in recent years, it has reached $116 million. The endowment value as of June 30, 2020, was $115 million. Moreover, while the previous campaign yielded 3 gifts of $1 million or more, the Beyond Strong campaign increased the number of such gifts to 32—a remarkable achievement and confirmation of the College's strengths and reputation.
These highly preferred credentials for this position ensure that candidates have a detailed knowledge of accounting practices in a higher education setting: • Master's degree in Finance (or a closely related field) with seven years of experience, or an equivalent combination of education and senior financial management experience; • A Certified Public Accountant (CPA) license; • Experience in a higher education setting, with an understanding of faculty and student culture, endowments, and best practices, current issues, and trends in colleges and universities.
Additionally, the College seeks a leader with the preferred leadership characteristics outlined fully in the position profile found at https://academicsearch.org/open-searches-public/. This profile also lists details for submitting applications and nominations.
Although the search remains open until the position is filled, the Search Committee will begin to review applications in October 2020; submission of applications is therefore encouraged by October 10, 2020, for full consideration.
Academic Search is assisting the Meredith College VPBF Search Committee in this process. All inquiries, nominations, and applications will be held in the strictest confidence. Applications and nominations should be sent electronically to MeredithVPBF@academicsearch.org. To learn more about this opportunity, nominators, nominees, and applicants may contact executive search senior consultants Kate Nolde at email@example.com or Dr. Ginny Horvath at firstname.lastname@example.org. To learn more about this historic and innovative institution, please visit the Meredith College website.
Meredith College is dedicated to the equality of opportunity within its community. It is the policy and practice of the College to provide equal opportunity to all persons. The College does not discriminate against its employees or applicants for employment because of race, color, national origin, age (as defined by the Age Discrimination in Employment Act), religion, sex, disability, veteran's status or sexual orientation. This policy applies to all aspects of the employment relationship including, but not limited to, recruitment, selection, advancement, compensation, benefits, transfer and termination.