The Opportunity

Beloit College invites inquiries, nominations, and applications for the Director of Finance/Controller. Beloit College is a private liberal arts college located in Beloit, Wisconsin. Founded in 1846, when Wisconsin was still a territory, Beloit is the state’s oldest continuously operated college. The current enrollment is at 1,011 students with over 40 majors offered. Beloit is historically renowned for both the humanities and the sciences, its accredited art and anthropology museums, international education, and integrative first-year program. In 2022, Beloit was ranked #9 by U.S. News & World Report as Most Innovative Colleges and #24 for First-Year Experience. Washington Monthly ranked Beloit #22 in Best Liberal Arts Institutions.

The Position

Role of the Director of Finance /Controller for Beloit College

Reporting to the vice president for finance and planning, the director of finance/controller provides daily leadership and management of the Accounting Department, whose duties include including internal controls, cash management, accounting and financial reporting, accounts receivable, accounts payable, student loans, and cashiering. In addition, the director of finance/controller develops standards and sets expectations within the department for excellent internal and external customer service, and effective business processes that ensure transactions are recorded and reported in a timely and accurate manner. The position has supervisory oversight for personnel in accounting, accounts payable, and Bursar’s Office.

Other duties as outlined in the position description:

  • Takes full ownership for the General Ledger in order to close books on a monthly, quarterly and annual basis within specified and non-negotiable deadlines. Ensures there is a robust and clearly defined close process for all balance sheet and income statement accounts.
  • Prepare monthly and quarterly financial statements and management reports, related reports and analysis; prepare ad hoc financial as necessary or requested.
  • Oversees fiscal transactions and reporting of gifts, grants, and contracts from federal and private sources.
  • Administers student loan funds in collaboration with student financial services staff.
  • Manage year-end close process, annual external financial and compliance audits, and tax reporting of the College and subsidiary entities.
  • Manage cash and investment treasury function. Maintain and oversee banking relationships and transactions.
  • Assist with the annual and multi-year budgeting process.
  • Act as the module manager for the general ledger module. Assess software programs, systems, and databases for efficiency and promote user proficiency.
  • Identify workflow, policy, service, and technology enhancements.
  • Manage, train, mentor, and evaluate staff. Build a strong, cohesive, collaborative team that is inclined to partner across departments and maintain an institutional and customer-centered perspective.
  • Assure compliance with Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board Principles (FASB). Review and implement new FASB pronouncements.

History of the Position

Tamika Steward Jones served in the controller role from April 2017 until July 2021. Beloit has contracted with an experienced accounting professional to serve as interim controller until the position is filled.

Opportunities and Challenges of the Role

The director of finance/controller must understand best practices in financial management for higher education. In addition to strong technical skills, the new controller must be able to build, mentor, retain, and support a strong team within the office.

Campus stakeholders articulated many opportunities and challenges for the director of finance/controller, and the following are common themes that were highlighted:

  • The new director of finance/ controller will have the opportunity to evaluate current technology use and consider adopting new resources in this area to streamline complex processes.
  • In addition to strong technical accounting skills, the director of finance/controller must possess the ability to build, mentor, retain and support a strong team within the office. It will be critical to engage the staff members in the strategy and direction of the organization.
  • The college has had a solid first-year class with the goal to increase overall enrollment in the next five years.
  • The new director of finance/controller will find a strong collegial environment within the college and opportunities to support Beloit’s strategic direction.
  • The position will be required to stay current in knowledge of non-profit and higher education audit requirements.
  • The new director of finance/controller will need strong change management experience to be effective in this role.
  • The director of finance/controller will find an institution that recognizes and welcomes creativity, collaboration, and innovation in processes and solutions.
  • The college is open to some hybrid/remote work for this position.
  • The new director of finance/controller will need to be a creative problem solver for processes and resource issues.

Measures of Success

At an appropriate interval after joining Beloit College, the following items will define success for the new director of finance/controller:

  • The new director of finance/controller has earned the trust and confidence of the president, the chief financial officer, the board, and the cabinet.
  • The new director of finance/controller is a visible and engaged member of the Beloit community.
  • The new director of finance/controller has worked to identify current needs to improve existing processes to serve the campus better.
  • The director of finance/controller is seen as a collaborator and connector with constituents across campus.
  • The staff within the department feel valued, and morale has increased.
  • Transparency and communication with the campus community will have improved.

Institution & Location

Overview of the Office of Finance & Planning

Financial Services is dedicated to serving the financial needs of Beloit College and helps to support the overall operations by providing friendly and efficient financial services to students, faculty and staff.

Within Financial Services, you will find the offices of Accounting, Bursar/Cashier, and Financial Aid.

https://www.beloit.edu/offices/finance-planning/

Leadership of the division

Stacie Scott, Vice President for Finance and Planning/Treasurer

Stacie T. Scott, a financial executive with 20 years of experience directing financial and administrative operations, has served as vice president for finance and planning and treasurer at Beloit College for the last five years. During her time in Beloit, Mrs. Scott has been a key member of the college’s senior staff and has served as chief financial officer and treasurer, overseeing all financial affairs of the college, including planning and budgeting.

Scott came to Beloit College from Rockford Public Schools (RPS), where she served as executive director of budget and purchasing. Prior to her tenure at Rockford Public Schools, Scott served as chief financial officer for the Rockford Park District, where she simultaneously held the role of interim executive director of the Park District Foundation. Scott also previously completed six years of service to Rock Valley College, where she joined the organization as the director of accounting services before being promoted to director of financial services for the community college in Rockford, Ill.

Scott earned her Bachelor of Arts degree in accounting from Saint Ambrose University and her M.B.A. degree from Rockford College. She has received a host of awards and professional recognition, including the 2016 Budget Presentation Award from the Government Finance Officers Association. Scott was also named one of “25 Black Leaders to Watch,” by the Booker Washington Community Center in Rockford, Ill., in 2012, the inaugural year of the award. In 2010, the Rockford Register Star newspaper selected her for its “People You Should Know Newsmaker” list.

https://www.beloit.edu/offices/finance-planning/contact-us/

Institutional Overview

Institutional background/history

Beloit College was chartered by a group of educated, innovative New Englanders in 1846—two years before the Wisconsin territory became a state. Since then, our students, faculty, and staff have created a campus that seeks to push boundaries, defy expectations, challenge societal norms. That’s just the Beloit way.

Since the first small batch of students graduated in 1851—when Middle College was the only building on campus—Beloit College has been dedicated to educating the whole individual.

Beloit is historically renowned for both the humanities and the sciences, for its accredited art and anthropology museums, its international education, and integrative first-year program. As a small liberal arts college, your professors want to make meaningful relationships with you, with both sides learning from each other. Our flexible curriculum retains much of the spirit of the innovative Beloit Plan, a groundbreaking year-round curriculum from the 1960s that emphasized field studies and required off-campus terms.

Today, students take classes from five different areas to learn how to write, research, and question. Professors and peers alike expose students to people and stories from around the world and in the campus backyard. They ask students to challenge what they once believed to be true, to stretch the limits of what they thought was possible. At Beloit, they ask students to observe and introspect, educate and empathize and take these skills with them for the rest of their lives.

With a liberal arts education, Beloit students always find a way to make their college experience their own. Beloiters inherently march to the beat of their own drums. With a liberal arts education under their belt, they learn to love dabbling in a bit of everything. They take a geology class on a whim and are surprised by how much they love it. They attend an interest meeting for Art House and decide to live there next semester. They become a DJ for the student radio station WBCR. They add a political science minor because their favorite professor recommends it, and students think, why not?

With an education at Beloit, they earn the skills to do almost anything—and they get to decide how and where to apply them.

Beloit College has had it—this inexplicable something President Scott Bierman has called “the special sauce.” Beloiters have a hard time describing the power and the magic of this place.

https://www.beloit.edu/our-story/our-history/

Formal Mission Statement

Beloit College engages the intelligence, imagination, and curiosity of its students, empowering them to lead fulfilling lives marked by high achievement, personal responsibility, and public contribution in a diverse society. Our emphasis on international and interdisciplinary perspectives, the integration of knowledge with experience, and close collaboration among peers, professors, and staff equips our students to approach the complex problems of the world ethically and thoughtfully.

https://www.beloit.edu/our-story/our-purpose/

Beloit, WI

The city of Beloit has the best of both worlds: It’s small enough to feel like a place you will call home, yet big enough to transport students between the Midwest’s larger cities for a long weekend.

On the southern border of Wisconsin above northern Illinois, the city of Beloit is not just the site of Beloit College’s campus. With nearly 40,000 residents, it’s a vibrant community that has changed and redefined itself as much as the college has. Now, Beloit is home to an engaged community that, by its very nature, gives students in-person and highly relevant experiences living and working here. And there’s no shortage of opportunities. Beloit is home to hundreds of businesses of every size, from global companies like ABC Supply, a roofing company across the mighty Rock River from campus, to Bushel & Peck’s, a locally-sourced restaurant and market in the heart of downtown.

Beloit is living history, the legacy of the past and present blue-collar workers. Some residents can trace their family line back to Fairbanks Morse’s first African American workers during the Great Migration, while others immigrated here as recently as the last decade. Beloiters connect with this beautiful place, its hardworking people, and maybe even its snowy Midwestern winters.

The city of Beloit offers local events and festivals almost constantly: the state’s second-largest open-air farmers market during the warmer months, an international film festival in the winter, and revolving student art exhibits at Gallery ABBA downtown—all year round.

Beloit is also a close (and affordable) Van Galder bus ride away from Wisconsin’s bigger cities. Janesville, Rockford, and Madison are around an hour away, with Milwaukee and Chicago, IL, being less than two.

https://www.beloit.edu/our-story/beloit-wisconsin/

Leadership

Photo by Lauren Justice

Scott Bierman, President

Scott Bierman became the 11th president of Beloit College in July 2009. This followed 27 years at Carleton College in Northfield, MN, highlighted by being named the Ada M. Harrison Chair of Teaching Social Sciences and Professor of Economics and then serving as Dean of the College.

President Bierman earned a Bachelor of Arts degree in economics and mathematics from Bates College in Lewiston, Maine, and received his Ph.D. in economics from the University of Virginia. His most significant publications include two editions of Game Theory with Economic Applications co-authored with Luis Fernandez, an economist from Oberlin College. Earlier in his career, he collaborated with Todd Proebsting, one of his students from Carleton, to develop an interactive tutorial to accompany well-known principles of economics texts (including Economics by Paul Samuelson and Paul Nordhaus and Economics by Campbell McConnell). He has regularly taught courses in microeconomic theory, game theory, and applied microeconomics. He has also directed several off-campus studies programs based in Cambridge, England, with a focus on the British Industrial Revolution.

While at Beloit, Bierman has significantly deepened the college’s commitment to connecting students’ educational experiences with their futures/careers in intentional and purposeful ways. He has led substantial improvements to physical spaces on campus that directly enhance the quality of student lives. These include the development of the Powerhouse (a reuse of the adjacent Blackhawk power plant into a student union and recreation center), residence hall renovations and additions, athletic facility enhancements, and classroom improvements.

He has been active in the world of higher education as a member of external review committees and other advisory groups for colleges in the U.S. and abroad. He is a member of the Bates College board of trustees.

President Bierman and his wife, Melody, have two children, Lauren and Emily.

https://www.beloit.edu/president-office/biography

Academic Experience

  • 40+ Majors
  • 1/3+ of students choose to double major
  • 10:1 Student-to-faculty ratio
  • 72 Hours after enrollment, you’ll be connected to an Advanced Mentoring Program (AMP) advisor
  • 99% of classes have fewer than 30 students
  • 2 Teaching museums
  • 35% of students study away during their time at Beloit
  • 100+ International and domestic study away programs
  • 60 Study abroad countries
  • 7 Residencies that connect students to the world’s major thinkers and doers
  • 8 Career Channels that help students explore career possibilities
  • 18,000Square feet of studios, labs, and galleries dedicated to student projects in CELEB

https://www.beloit.edu/our-story/facts-stats-rankings/

Campus Life

  • 96% of students live on campus
  • 55+ Clubs and organizations
  • 30% of students play intercollegiate athletics
  • 6 Sororities and fraternities
  • 200+ Community partners welcome Beloit students as interns and employees
  • 18 NCAA Division III varsity teams
  • 15 Residence halls and apartments
  • 17 Special-Interest Houses
  • 5 Blocks from campus to downtown Beloit

https://www.beloit.edu/our-story/facts-stats-rankings/

Campus Community

  • 1,101 Students
  • 43 U.S. states and territories represented on campus
  • 39 Countries represented on campus
  • 17% of students are international students
  • 24% First-generation college students
  • 35% Pell-eligible students
  • 41% Non-white domestic students
  • 11% Black students
  • 107 Faculty
  • >2/3 of faculty have taught at Beloit for more than 10 years
  • 90% of faculty hold the highest degree in their field
  • 21% Non-white faculty

https://www.beloit.edu/our-story/facts-stats-rankings/

Benefits Overview

  • Life And Accidental Death Insurance
  • Health Benefit Plan With Hsa
  • Dental Insurance
  • Vision Insurance
  • Section 125 Flexible Spending Plan
  • Employee Assistance Program
  • Voluntary Life Insurance
  • ACM Accident Insurance
  • Supplemental Retirement Plan
  • Educational Assistance
  • Travel Insurance
  • Wellness Program
  • Sports Center
  • Social Security/Medicare Tax
  • Workers’ Compensation
  • Long-Term Disability Insurance
  • Retirement Plan
  • Tuition Remission/Exchange

More information on benefits can be found here.

Application & Nomination

Review of applications will begin immediately and continue until the position is filled. To apply for this position please click on the Apply button, complete the brief application process, and upload your resume and position-specific cover letter. Nominations for this position may be emailed to Laura Puckett-Boler. Applicants needing reasonable accommodation to participate in the application process should contact Spelman Johnson at 413-529-2895.

Visit the Beloit College website at https://www.beloit.edu

Because equity and inclusion are central to our students’ liberal education and vital to the thriving of all members of our residential learning community, Beloit College aspires to be an actively anti-racist institution. We recognize our aspiration as ongoing and institution-wide, involving collective commitment and accountability. We welcome employees who are committed to and will actively contribute to our efforts to celebrate our cultural and intellectual richness and be resolute in advancing inclusion and equity. We encourage all interested individuals meeting the criteria of the described position to apply.

Beloit College seeks to accommodate all people with varying abilities. If you receive a request for an interview and require auxiliary aids, services or other accommodations for the interview, please contact the Human Resources Department.

For information about Beloit’s COVID policies, use this link: https://www.beloit.edu/covid-plan/