Prospectus: Chief Financial Officer

AUGU S T 2021

T HE SE A RC H F OR

Chief Financial Officer

University of the Pacific C ALIF OR NI A'S P R I VAT E UNI V ER SI T Y OF C HOICE University of the Pacific is a nationally

in California’s state capital is home to the

ranked comprehensive university and

McGeorge School of Law, the new School of

California’s first chartered institution of

Health Sciences and an array of graduate

higher learning. Established in 1851, Pacific

programs while the renowned Dugoni School

has nearly 6,300 students and 10 schools

of Dentistry is based on the downtown

and colleges across three campuses in

San Francisco Campus. Pacific takes pride

northern California. The majority of students

in providing the highly personalized and

and the NCAA Division 1 athletics program

caring educational, social and residential

are based on the Stockton Campus, often

environments of a small college combined

cited as one of the nation’s most beautiful

with the choices and opportunities of a

college campuses. The Sacramento Campus

major comprehensive university.

Top 2%

14:1

In alumni earnings

Student/faculty ratio

(Georgetown University Center on Education and the Workforce)

#

18

Best Universities in the West (Wall Street Journal/Times Higher Education, 2021)

A B OU T PACIFIC

The University has three campuses— in Sacramento, San Francisco and Stockton—placing us in three of the most diverse and dynamic cities in the nation.

University of the Pacific was established

rankings designate University of the

graduate and accelerated professional

in 1851 as California's first chartered

Pacific as a Top 100 national university

degree programs: Arthur A. Dugoni

institution of higher learning. It has a

and #18 Best University in the West.

School of Dentistry, College of the

history of firsts including California’s first music conservatory and California’s first university to open its doors to women.

The university has three campuses— in Sacramento, San Francisco and Stockton—placing us in three of the most diverse cities in the nation with some of the fastest growing and most dynamic industries in the country. The Wall Street Journal and Times Higher Education

University of the Pacific’s mission is to provide a superior, student-centered learning experience integrating liberal arts and professional education and preparing individuals for lasting achievement and responsible leadership in their careers and communities. We strive to accomplish this goal through ten schools, offering undergraduate,

Pacific (natural sciences, social sciences, humanities, fine arts, performing arts), Benerd College (education), Conservatory of Music, Eberhardt School of Business, Graduate School, McGeorge School of Law, School of Engineering and Computer Science, School of Health Sciences, and Thomas J. Long School of Pharmacy.

Student Body Profile

873 Sacramento

4,692 Stockton

3,524 Undergraduate 1,645 Professional

1,094 Graduate

698 San Francisco ENROLLMEN T BY C AMP U S

52% Female

48% Male

7.9% 5.4%

0.3% 2.1% 37.10%

20.6%

UND ERGR ADUAT E E T HNICI T Y BR E AK DOW N Native American Asian/Pacific Islander Black/non-Hispanic Hispanic White/non-Hispanic Multi-ethnic International

22.8% GEND ER

23

3.7%

Unknown/Other

AV ER AGE CL AS S SI Z E

14:1

S T UD EN T/ FACULT Y R AT IO

Student Life Pacific students receive personalized education in small class settings, allowing them to form meaningful relationships with professors and engage deeply in their field of study. In addition, students at University of the Pacific enjoy a vibrant campus life, with activities and events for a diversity of interests, including: Student Organizations: more than 150 student-led clubs

Greek Life: 11 social fraternities and sororities, 15

and organizations on the Stockton campus alone, in addition

professional fraternities; Multicultural Greek Council

to professional organizations across our three campuses NCAA Division I Sports: 10 women’s teams and seven men’s teams, competing in the West Coast Conference Arts and Culture: theatre productions in Long Theatre, concerts in Faye Spanos Concert Hall, exhibitions in Reynolds Art Gallery, movies in the Janet Leigh Theatre

Student Government Arts & Entertainment: provides exclusive and fun activities for students such as TigerLands, Brickyards, off-campus excursions and more Guest Speakers: recent presenters include former Supreme Court Justice Anthony Kennedy, PBS NewsHour anchor Judy Woodruff, Seattle Seahawks head coach Pete Carroll, former

Athletic Recreational Activities: 11 active sport clubs,

Cisco CEO John Chambers, and Dr. Philip Ewell (music

variety of intramural sports

theory professor and author of “Confronting Racism and Sexism in American Music Theory”)

Our Values Our students come first in everything we do. Student impact is an important consideration in every decision we make.

We have high academic standards with a focus on teaching, scholarship and experiential learning.

We invest in individualized attention and long-term relationships that build human potential.

We are committed to learning from and enhancing our communities.

We share a sense of purpose and pride in what we accomplish together.

We respect all individuals and embrace the richness that our diversity brings to us as an educational community.

We recognize and honor differences, creativity and bridging what is distinct to create an inclusive environment.

We demonstrate integrity in our actions.

We strive to always do the right thing and hold ourselves and others accountable.

We demonstrate authentic respect for others and a willingness to engage in genuine discourse.

We seek to establish common ground and ways to connect with others.

We honor and value one another.

The Opportunity The Chief Financial Officer will report directly

and automation of Pacific’s back-end systems

to the President with direct oversight of Budget,

and financial reporting capabilities, working

Treasury and Investments, Payroll, Accounts Payable,

closely with the Vice President for Technology/

Financial Reporting, Procurement, Sponsored

CIO, as well as developing detailed and

Programs Accounting, Student Business Services

continuous one-year, three-year and five-year

and E-Commerce for the university. As cornerstone

financial projection scenarios, working closely

to a reorganized leadership structure designed to

with the Vice President for Enrollment.

streamline and improve strategic and operational excellence, the university is focusing the CFO role on

The new CFO will join a dynamic leadership

critical areas of finance and strategy and the Chief

team, led by President Christopher Callahan and

Operating Officer (COO) role on critical areas of

Provost Maria Pallavicini and that will include the

operations and strategy to significantly accelerate

current Vice President for Business and Finance,

progress in these respective areas. Among primary

Ken Mullen, who will take on the role of Chief

first-year goals of the new CFO will be an analysis

Operating Officer at Pacific.

Responsibilities Reporting directly to the President, the Chief

institutional catalyst, stimulating sound financial

Financial Officer will act as a strategic advisor

management practices across the organization

and work closely with the Provost, Chief Operating

that support both change and the achievement

Officer, Cabinet and Board of Regents to advance

of the strategic and financial objectives of the

the university’s mission, vision and values.

university. As an institutional leader, the CFO will oversee efficiencies and proper disciplines

The CFO will be responsible for the university’s

across the three campuses to ensure best

financial operations and charged with partnering

practices. The CFO also will serve as a role

with the President, Provost, and other members of

model for how to engage a variety of individuals

the leadership team to align Pacific’s resources

with different perspectives to develop creative

and strategic goals. The CFO serves as an

solutions to constrained resources.

Key Responsibilities •

Ensuring the financial and capital resources are

Advising the President, Provost and other senior

safeguarded, developed and managed wisely,

leaders on the optimal allocation and administration

deployed with integrity and aligned with the university’s

of the university budget, while proactively positioning

goals.

the university to best navigate a dynamic financial landscape that will include revenue diversification

Direct responsibility for proactive and strategic financial

strategies.

management of the institution’s financial reporting/ statements, internal financial controls, long-range

Preparing the metrics that will allow measurement of

financial risk models, including accountability for the

the success and ROI of the delivery models associated

annual operating and capital budgets, fiscal policies

with administrative, academic and student programs.

and procedures and the efficiency and effectiveness of financial systems.

Overseeing Pacific’s investment portfolios, cash management and fund managers.

Developing, evaluating and communicating short- and long-term fiscal strategies that align with established

Designing, managing, communicating and executing all

university goals.

aspects of the university’s debt strategy, consistent with strategic and capital needs and goals.

Developing and implementing short- and long- term institutional strategic financial planning related to

Representing the university to diverse external parties

budget and finance, cash resources and financial

including rating agencies and bondholders, the IRS,

reporting.

regulators, banks, insurance representatives and others.

Performing fiscal analyses for legislative and universitywide initiatives.

Partnering closely with the VP for University Advancement to project and monitor gifts for annual and capital purposes. In addition, partnering closely with the VP for University Advancement to negotiate gifts of appreciated property and/or gifts that are referred to the University Gift Acceptance Committee.

Assist the President and Provost in providing regular updates to the campus community about the university’s financial resources and performance.

Position Qualifications MINIMUM

P R E FER R ED

•

•

A bachelor’s degree in

Experience as a financial and

Ability to articulate a vision

finance, accounting, business

collaborative leader who can

effectively to all constituencies.

or a related field is required.

navigate effectively across the

An advanced degree in

university.

a relevant field is highly desirable.

Minimum 8 years of

Ability to crystallize complex financial information.

Ability to strategically analyze financial data and systems for

Experience with strategic planning

decision-making.

and multi-year financial planning,

increasingly responsible

with conceptual and strategic

financial leadership

Ability to develop and manage

experience, preferably in

relationships with diverse partners

thinking.

higher education.

within and outside the university

Ability to engage in constant

community.

financial strategic analysis.

Experience in designing optimal

Expertise in comprehensive, multi-

organizational structures for finance

year, capital and operating budget

teams and financial process re-

development and implementation.

engineering.

Knowledge of a wide variety of Ability to manage both big picture

financing techniques, financial

and operational details.

analysis, endowment and debt management.

Comfort with delegating day-to-day management and decision-making

Ability to direct the funding

to others, and developing the

and capital structure activities

leadership skills of those managers.

and execute all capital market transactions.

Ability to build, motivate and inspire the financial team.

Ability to implement and manage strong communication programs with

Ability to build trust and develop

financial institutions, rating agencies

strong working relationships.

and bondholders.

President's House, Stockton Campus

Application and Nomination Process University of the Pacific has retained Korn Ferry, a national executive recruiting firm, to assist with this search. All nominations, inquiries, and application materials should be submitted in confidence to Korn Ferry. Korn Ferry will begin reviewing applications immediately and continue to accept applications and nominations until the position is filled.

Please direct all applications, nominations and inquiries for the position to the search firm at the contact information below:

Pacific-CFO@kornferry.com

University of the Pacific is an affirmative action and equal opportunity employer dedicated to workforce diversity. In compliance with applicable law and its own policy, Pacific is committed to recruiting and retaining a diverse faculty and staff and does not discriminate in its hiring of faculty and staff, or in the provision of its employment benefits to its faculty and staff on the basis of race, color, religion, national origin, ancestry, age, genetic information, sex/gender, marital status, military and veteran status, sexual orientation, medical condition, pregnancy, gender identity, gender expression, or mental or physical disability. The university will provide reasonable accommodations to individuals with a disability.

Sacramento Campus | 3200 Fifth Avenue, Sacramento, California 95817 San Francisco Campus | 155 Fifth Street, San Francisco, California 94103 Stockton Campus | 3601 Pacific Avenue, Stockton, California 95211 Pacific.edu