- Chief Financial Officer
- Reports to: CEO of KIPP Texas Public Schools
- Location: Austin, Dallas, San Antonio, Houston (preferred)
BSG has commenced an executive search for Chief Financial Officer (CFO) for KIPP Texas Public Schools. KIPP is a national network of non-profit, open-enrollment, college-preparatory public schools with a track record of preparing students in under served communities for success in college and in life. At KIPP Texas Public Schools, teachers, students, and families are all united around the same goal: college and a choice-filled life. The CFO will provide strategic financial counsel and lead the development of sophisticated financial planning, budgeting, and forecasting for operating and capital purposes.
KIPP IN THE NEWS
Reporting directly to the Chief Executive Officer, the Chief Financial Officer (CFO) will provide strategic financial counsel and lead the development of sophisticated financial planning, budgeting, and forecasting for operating and capital purposes. Vital to the role is an ability serve as a financial strategist while managing the day-today operations and team of the finance department.
The CFO will play a key role in managing the newly created KIPP Texas Public Schools while promoting the academic, character, and life success of KIPP students. The CFO will be a founding member of the leadership team of KIPP Texas Public Schools which was created by the recent integration of four KIPP regional organizations (KIPP Austin, KIPP Dallas-Fort Worth, KIPP Houston, and KIPP San Antonio). KIPP Texas currently encompasses 50+ schools and serves 25,000+ kids. The CFO will be instrumental in overseeing school and regional finance functions including, but not limited to; audits, revenue accounting, payroll, accounts payable, reporting, creating the annual budget, assessing short and long term capital needs, bond issuance, compliance, working with rating agencies, determining investment opportunities, and ensuring proper stewardship of all local, state and federal funds.
The CFO will also be responsible for creating and implementing the strategic vision while building innovative and scalable processes and practices, tracking relevant metrics and achieving growth objectives in a manner consistent with KIPP’s mission and values.
Great education transforms lives. Great schools require great teachers and school leaders. KIPP empowers educators to lead school teams, and they invest in training to help them grow as professionals. KIPP schools provide a safe, structured, and nurturing environment with minimal distractions and more time for both academics and extracurriculars, so students love school and maximize their learning.
KIPP is a national network of non-profit, open-enrollment, college-preparatory public schools with a track record of preparing students in underserved communities for success in college and in life. Since their founding in 1994, KIPP has sought to prove what is possible in urban and rural schools – to demonstrate that demographics need not define destiny and that all students can learn and achieve at the highest levels.
At KIPP Texas Public Schools, teachers, students, and families are all united around the same goal: college and a choice-filled life. KIPP believes that an excellent college-preparatory education will set students up for success in whatever life path they choose. Through collective hard work and commitment, KIPP students complete college at a rate that is above the national average for all students and four times higher than that of students from similar economic backgrounds. KIPP serves 80,000 students in 200 schools in 21 states and the District of Columbia. More than 87% of students are from low-income families and 96% are African American or Latino. Nationally, 94% of KIPP middle school students have graduated high school, 81% of KIPP alumni have enrolled in college, and 44% of alumni have earned four-year college degrees – more than four times the rate of students from similar economic backgrounds.
KIPP schools have historically been managed regionally and for more than 15 years, KIPP Austin, KIPP Dallas-Fort Worth, KIPP Houston, and KIPP San Antonio have put thousands of KIPPsters on the path to and through college. This year, they will collectively educate over 25,000 students in more than 50 schools, covering a geographic area of over 400 miles. These four regions have a long history of informal collaboration, and have formalized their alliance to create a single organization called KIPP Texas Public Schools. KIPP Texas Public Schools will leverage efficiencies of scale to benefit students, families, teachers, and staff and eventually hope to serve 100K+ students.
Based in Austin, Houston, Dallas, or San Antonio and reporting directly to the CEO, the CFO will be responsible for a $300M+ budget within a high growth environment. The CFO will be tasked with managing the financial and accounting functions and managing the allocation of resources with an eye toward supporting teachers and leaders to improve student outcomes.
As the top finance executive for the organization, the CFO will lead the finance and accounting team and will also serve as a key member of the executive leadership team. S/he is responsible for the financial sustainability of KIPP Texas including development of annual budgets, treasury functions, debt issuance, and regular coordination with both internal and external stakeholders.
The CFO will have a high degree of interaction with the Executive Board, responsible for presenting to both the Board and the Finance Committee on all financial matters. This position also ensures that all financial compliance issues are properly addressed including but not limited to the annual audit, state and federal compliance requirements, and debt compliance.
Working in collaboration with other executive leaders, the CFO will:
- Advise the executive leadership team on the allocation and administration of budget and resources
- Develop and oversee the financial approach to support the overall mission and strategic direction of KIPP Texas
- Develop Board materials and regularly present to Board
- Manage the Finance Committee
- Meet all financial compliance requirements and work with other departments to address their respective compliance needs
- Provide informational and resource support to all department leaders to ensure they meet their financial goals
- Develop, evaluate, and communicate short- and long-term fiscal strategies that align with organization’s established goals
- Generate and review monthly financial statements
- Monitor investments
- Manage daily, monthly and annual cash flow needs
Develop and maintain key relationships (bankers, bond holders, financial and fegal fdvisors, etc.)
- Provide support to Texas Charter School Association and other charter related organizations as needed
- Travel to the various campuses, as needed
THE CAREER OPPORTUNITY
For a proven leader with change management and scalability experience, this position offers the following career opportunities—
The opportunity to remove roadblocks to education while realizing economies of scale
The opportunity to leverage a strong foundation and drive student outcomes along with substantial growth in number of students served
The opportunity to implement best practices at scale, proving what’s possible in K-12 education
The opportunity to build an equitable educational environment that levels the playing field for children regardless of their background and prepares them for choice-filled lives
The chance to work with a passionate team of educators and leaders who are making a proven difference in the lives of students nationwide
The ideal candidate has proven executive leadership skills, blending strong strategy and team management and development experience.
Specifically, this individual will have the following experience and capabilities:
Currently hold or previously held title as S/VP Finance, Controller, or CFO
Unquestioned integrity and commitment to KIPP Texas Public Schools’ mission, vision and values
Experience managing and developing a virtual team (>10) and across a multi-site business model
Fluency with capital markets and their function (interest rates, borrowing mechanics, function of bond market, etc.)
Experience with cash management and forecasting of >$300M
Proven track record in audit and regulatory management
Exhibit high levels of intelligence, analytical strength, and conceptual ability
Superior project management and presentation skills
Experience and track record to serve as a critical advisor and subject matter expert for financial deal structures, with ability to work across all levels and program areas
Decisiveness when necessary, coupled with a willingness to seek input and build consensus
Communication skills providing complex ideas and information clearly and concisely
Experience in K12 or charter sector will be looked upon favorably, not required and not likely
Compensation will include a base salary and performance bonus commensurate with the individual’s experience.
Travel will be primarily within state and no more than 25% in a year.
For finalist candidates, a background check will be required. The background check may include but is not limited to professional references, employment and education verifications, state and federal criminal history reports, and drug screen.
CONTACT or SUBMIT RESUME:
Resumes should be sent as Word documents to Jennifer Florence: (No phone calls, please.)
Or submit your resume on the BSG website: