Executive Vice President and Chief Financial Officer
Clark University seeks a collaborative, innovative, and proven leader to serve as Executive Vice President (EVP) and Chief Financial Officer. The new EVP will join Clark at a pivotal moment with the University welcoming its new president, David Fithian, July 1. Reporting to the president and serving as a key partner to him, the provost, senior colleagues, and trustees, the EVP will provide strategic financial counsel, ensure consistent excellence in execution of the University’s financial affairs, and play a lead role in administrative management to help shape the vision and direction for this highly respected small, private, liberal arts-based research university.
Founded in 1887, Clark was one of the first all-graduate institutions in the United States. Today the University is a highly-ranked, student-centered institution educating approximately 2,350 undergraduate and 1,150 graduate students to be imaginative and contributing citizens of the world and to advance the frontiers of knowledge and understanding through rigorous scholarship and creative effort. This commitment to scholarship and inquiry reflects the University’s commitment to “challenge convention and change our world” and to address issues of critical importance to society. It is also reflected by Clark’s many national and international distinctions, including recognition for its diversity and inclusion efforts, innovation, community engagement and impact, as a top green campus, and for having a distinguished geography and international development program. Clark has also been included in the groundbreaking Colleges that Change Lives guide since it was first published in 1996.
Clark is located in Worcester, Massachusetts, a dynamic, diverse city “on the rise.” The second largest city in New England, Worcester is home to 11 institutions of higher learning and is increasingly recognized for its growing healthcare and biotechnology communities, its thriving cultural scene, and as a vibrant food hub.
With an operating budget of $135M and a $461M endowment, Clark’s current financial position is strong. The University will soon complete a fundraising campaign that at its close will have raised approximately $150 million, exceeding its $125M goal. A faculty-centered institution with a strong tradition of shared governance, Clark’s more than 200 full- and 150 part-time faculty are deeply committed to teaching and embrace Clark’s Liberal Education and Effective Practice curriculum. Full-time faculty are also highly productive, with strong publication records and externally funded research totaling on average between $6-8M each year. In addition, the University employs a diverse and dedicated cross-section of 470 full- and part-time staff. Clark’s 90-acre urban campus includes more than 1.6M square feet of academic buildings, residence halls, research and athletic facilities.
Strategic alignment and strong management of Clark’s human, financial, and physical resources to support academic priorities and initiatives to enhance the student experience will be the overarching charge for the new EVP. This will require development and support of integrated long-range financial, operational, capital and facilities planning, and ensuring the University’s capacity to recruit and retain high caliber faculty and staff. The EVP will also play an important role in supporting the University’s ongoing work to advance a diverse and inclusive campus community and its unwavering commitment to and active engagement with the city of Worcester.
The EVP will lead careful stewardship and management of all of Clark’s assets, overseeing budgeting; business services; all controller and treasury functions; human resources; information technology, risk assessment and management; compliance; and legal services; and will work closely with related committees of the board, including the investment committee in overseeing investment activities and a new outsourced investment management relationship. The EVP’s full portfolio will be determined as strategic priorities and organizational structure under a new president are established, and to reflect strengths and interests of the selected candidate.
The EVP will be a gifted senior leader and manager with broad-gauged financial and administrative skills and extensive experience in several functional areas in the portfolio. The ideal candidate will bring at least ten years of progressively responsible experience and a track record of success leading in comparably complex higher education settings, ideally including a research element. The EVP will be an accessible, resourceful, results-oriented colleague who demonstrates both a keen understanding of the trends and issues facing institutions of higher education and a deep respect and appreciation for the distinctive culture and pace of the academy. Strong oral and written communication skills are essential. An MBA or other relevant advanced degree is strongly preferred.
Clark University has retained Isaacson, Miller, a national executive search firm, to assist with this important search. Review of candidates will begin immediately and continue until the position is filled. Please direct all inquiries, nominations, and application materials including a letter of interest and resume, in confidence, to:
Clark University embraces equal opportunity and affirmative action as core values: the University believes that cultivating an environment that embraces and promotes diversity is fundamental to the success of our students, its employees and its community. This commitment applies to every aspect of education, services, and employment policies and practices at Clark. Clark’s commitment to diversity informs its efforts in recruitment, hiring and retention. All positions at Clark share in the responsibility for building a community that values diversity and the uniqueness of others by exhibiting integrity and respect in interacting with all members of the Clark community to create an atmosphere of fairness and belonging. Clark strongly encourages members from historically underrepresented communities, inclusive of all women, to apply.