NewRolesthat
UniversityCFOsMustPlay
NeilD.Theobald
AssociationforEducationFinanceandPolicy(AEFP)
42nd AnnualConference
EducationPolicyandResearchinthePost-ObamaEra
March18,2017
Washington,DC
MyPerspectiveAcross29Years
FACULTY
CFO
PRESIDENT
PARENT
PROVOST’S
OFFICE
2
ThePresident-CFORelationshipisVital
RESOURCES
VALUE
COSTS
3
ThisContestedContextRequiresChange
Inadditiontofinancial
competencyandpersonal
integrity,wemustevolve
theroleoftheuniversity
CFOtoincludepolitical
awarenessandskill.
4
OldModel
5
OldModel
Hoarded
information
6
OldModel
Hoarded
information
Playeda
“closer”role
7
OldModel
Hoarded
information
Playeda
“closer”role
Lookedtoscore
easywins
8
OldModel
Hoarded
information
Playeda
“closer”role
Lookedtoscore
easywins
9
OldModel
Hoarded
information
Playeda
“closer”role
Lookedtoscore
easywins
10
NewModel
11
NewModel
Partnerand
information
sharer
12
NewModel
Partnerand
information
sharer
Partofthe
teamforthe
entiregame
13
NewModel
Partnerand
information
sharer
Partofthe
teamforthe
entiregame
Think
holistically
14
NewModel
Partnerand
information
sharer
Partofthe
teamforthe
entiregame
Think
holistically
15
HowtoEnacttheNewModel
CFO
PRESIDENT
16
CFO’sRoleinEnactingtheNewModel
CFO
•
•
•
•
•
•
Askaboutfinancialissues
Understandtheseissues
Setupa“Googlealert”onkeytopics
Becomeaninsightfulresource
Beforemeetingsbriefthepresident
Positionthemselvesasconfidants
PRESIDENT
17
President’sRoleinEnactingtheNewModel
YOU
•
•
•
•
•
•
Askaboutfinancialissues
Understandtheseissues
Setupa“Googlealert”onkeytopics
Becomeaninsightfulresource
Beforemeetingsbriefthepresident
Positionyourselfasaconfidant
PRESIDENT
• Mindsetshift
• ListentoCFOs
• Shareideas
18
CIOsHaveEmbracedaNewModel
CIO
19
NewRolesthat
UniversityCFOsMustPlay
NeilD.Theobald
AssociationforEducationFinanceandPolicy(AEFP)
42nd AnnualConference
EducationPolicyandResearchinthePost-ObamaEra
March18,2017
Washington,DC