Carroll University — Vice President for Finance and Administration

Carroll University

Carroll University is launching a national search for a new Vice President for Finance and Administration (VPFA). Serving as a key member of the institution’s leadership team, the VPFA is the University’s chief financial officer and will report to and partner with Carroll’s new President, Dr. Cindy Gnadinger.

The new VPFA must be able to maintain Carroll’s current financial health and a program of fiscal sustainability, while bringing a fresh business approach to the implementation of Carroll’s new strategic plan. A seasoned financial executive and a keen strategic thinker, the new VPFA will be asked to engage multiple constituencies with transparency and authenticity in developing and sharing financial information and plans.

The past decade has been a period of financial strength for Carroll, as evidenced by its CFI hovering between 6.5 and 7.0 percent in recent years. Steady or increased enrollments coupled with a lean-focused fiscal discipline have resulted in an operation that regularly generates surpluses sufficient to build reserves, while supporting a robust program of plant maintenance, renewals, and replacements. New construction of $120M over the last ten years was financed principally with cash from a $53M capital campaign, cash from reserves, and a state grant, leaving Carroll with long-term debt of $5.5M on total assets of $222M. Carroll expects to follow its successful building campaign with a new drive focused on growing its endowment, currently valued at $58M.

A true pioneer, Carroll is Wisconsin’s first, four-year institution of higher learning. It was chartered on January 31, 1846, two years before Wisconsin became a state. Today, proud of its long-standing relationship with the Presbyterian Church (PCUSA). Carroll is grounded in the liberal arts tradition and a leader in the health sciences. It offers more than 95 areas of study, including a variety of graduate programs and a clinical doctorate in physical therapy. With an enrollment of over 3,400 students, Carroll offers one of the nation’s largest physical therapy programs and its nursing program was recently ranked first in the nation according to National Council of State Boards of Nursing pass rates.

Assuming a progressive role as the University’s chief financial officer, the VPFA will be called on for elements of leadership and management in developing a model for long- range budgeting, influencing the infrastructure for a growing enrollment, overseeing continuous improvement in campus administrative activities, and continuing to contribute to Carroll’s legacy of fiscal health.

Prior to making an application, prospective candidates are encouraged to review the VPFA Search Profile at for more information about qualifications and the guidelines for applying. Candidates are requested to submit materials by 5 PM on Sunday, April 1, for most favorable consideration. All inquiries will be received in full confidence by Dr. Thomas B. Courtice, President, TBC Search Consulting,

Carroll University is an Equal Opportunity Employer. Carroll University does not discriminate in any manner contrary to law or justice on the basis of race, color, sex, age, religion, sexual orientation, national origin, disability, or veteran’s status in administration of programs or in the employment of faculty and staff.