Campbell University, Vice President for Finance & Chief Financial Officer Page 1

Campbell University, Vice President for Finance & Chief Financial Officer Page 2

Vice President for Finance & Chief Financial Officer

Campbell University seeks an entrepreneurial leader with strong management skills and sharp financial acumen to serve as Vice President for Finance & Chief Financial Officer. The Vice President will find that the University is a dynamic and innovative institution that has remained focused on its strengths and grounded in its Christian mission even as it has enjoyed remarkable growth. Over the last 15 years, Campbell’s operating budget has tripled to $350 million as the University launched the Jerry M. Wallace School of Osteopathic Medicine, the Catherine W. Wood School of Nursing, and the School of Engineering which now stand alongside the Norman Adrian Wiggins School of Law, College of Arts & Sciences, the College of Pharmacy and Health Sciences, the Division of Adult and Online Education, and others. The University is also home to two distinctive and nationally recognized academic programs: bachelor’s and master’s degrees in Trust and Wealth Management and a bachelor’s degree in golf management certified by the Professional Golf Association.

Reporting directly to President J. Bradley Creed, the Vice President will work with Campbell’s robust operating budget, $198 million endowment, and 1,400 full- and part-time employees across multiple campuses. In conjunction with the President, senior administration colleagues, finance division staff, and the Board of Trustees, the Vice President will play a key role in shaping the University’s strategic direction as Campbell consolidates its recent gains and moves into the future with optimism and strength.

UNIVERSITY OVERVIEW

Campbell University, located in the region, is a bustling private university of the liberal arts, sciences, and professions that embraces its Christian heritage, yet sees no conflict between a life of faith and a life of inquiry. Since its founding in 1887, Campbell University has strived to meet the changing needs of its community and state. The University, for example, established the Norman Adrian Wiggins School of Law in 1976 when more than half of the lawyers in were located in only seven of the state’s 100 counties. In 1985, Campbell opened the first pharmacy school in the United States in nearly 40 years and was the first to require community-based pharmacy rotations.

Campbell has experienced unprecedented growth in recent years, in particular by leveraging the success of its law and pharmacy schools to address the shortage of professionals in other critical fields, such as health and medicine. Campbell opened the Jerry M. Wallace School of Osteopathic Medicine in 2013 and the Catherine W. Wood School of Nursing in 2014 which together have added degree programs in physical therapy, physician assistant, public health, medicine, and nursing. The School of Engineering, which has chemical, electrical and mechanical concentrations, will graduate its charter class in the spring of 2020. Each of these new programs complements the University’s rich offerings in business, education, pharmacy, law, divinity, the liberal arts and sciences, and other fields, making Campbell one of the most academically diverse private institutions in North Carolina and the country. Campbell’s rapid growth over the last decade has also enhanced its national standing and reputation. The University has received its highest rankings in recent years and became only the third private university in North Carolina to achieve the highest level of accreditation (Level VI) by the Southern Association of Colleges and Schools Commission on Colleges.

Dr. J. Bradley Creed began his duties as Campbell University’s fifth president on July 1, 2015. Dr. Creed previously served as Provost, Executive Vice President, and Professor of Religion at

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and has also served as Dean of George W. Truett Theological Seminary at .

ACADEMICS

Campbell offers more than 100 undergraduate, graduate, and professional degree programs across its divisions and schools. The University’s mission is to prepare students for purposeful lives and meaningful service that benefit society, and Campbell achieves this goal by offering comprehensive academic programs that embrace the liberal arts, the sciences, and the professions while being both innovative and practical. The University’s Colleges and Schools include the following:

• College of Arts & Sciences: The College is home to more than 50 majors, minors, and concentrations as well as over a dozen pre-professional tracks such as pre-law and pre- medicine. Program distinctives include bachelor’s degrees with majors in homeland security and cybersecurity. The College also houses the Army ROTC program, which has commissioned more officers than any other civilian school in the nation since it began in 1971.

• College of Pharmacy & Health Sciences: The pharmacy school, repeatedly named among the best in the nation, was the first to open in the U.S. in nearly 40 years when it was established in 1985. Doctor of Pharmacy on-time graduates from Campbell University have posted an average of 98% pass rates across the 30-year history of the program on the North American Pharmacist Licensure Examination (NAPLEX) for first-time test takers. The program has also achieved 100% pass rates for ten of the thirty years. The school was renamed the College of Pharmacy & Health Sciences in 2011 to reflect its expansion into other health programs, including physical therapy, physician assistant, public health, and nursing through the newly established Catherine W. Wood School of Nursing. Each of these programs has posted exemplary board pass rates with the Master of Physician Assistant Practice Program achieving a 100% pass rate for 2016, 2017, 2018 and a 97% average for the life of the program; the Doctor of Physical Therapy program achieving a 100% pass rate for the inaugural class and a 97% pass rate for the life of the program; and the Bachelor of Science in Nursing achieving a 100% pass rate for the inaugural cohort.

• Divinity School: Launched in 1996, this school provides Christ-centered, Bible-based, and ministry-focused theological education, integrating academic rigor with spiritual formation and practical application. Its students, representing more than two dozen different denominations, prepare for a wide range of ministry settings, including church ministry, missions, chaplaincy, church planting, and marketplace ministries. The Divinity School also houses the Braswell World Religions and Global Cultures Center, founded in 2007, which offers practicums, short courses, and seminars that help students, pastors, and churches better understand not only the diverse religious traditions that surround every ministry context, but also the rich and growing impact of Christianity in the global south.

• Jerry M. Wallace School of Osteopathic Medicine: The medical school was the first to open in North Carolina in 35 years when it welcomed its charter class in 2013. The state’s only school of osteopathic medicine, it focuses on preparing primary care physicians for underserved rural communities. Located in the newly constructed Leon Levine Hall of Medical Sciences, the school boasts one of the nation’s top simulation centers. The charter class of Campbell Medicine graduated in the spring of 2017.

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• Lundy-Fetterman School of Business: The business school distinguishes itself by emphasizing entrepreneurial spirit, practical experience, and ethical behavior. Its programs include the only undergraduate trust and wealth management program in the nation and a 4+1 program that allows students to complete an MBA and an undergraduate degree in only five years. The school also operates a PGA Golf Management Program, one of only 18 accredited by the PGA of America.

• Norman Adrian Wiggins School of Law: Founded in 1976, the law school has quickly built a reputation as one of the nation’s finest. Since relocating to downtown Raleigh, the state’s capital, in 2009, the law school has moved into the top tier in the national rankings and has expanded its global reach as well. Students’ overall record of success on the North Carolina Bar Exam has been unsurpassed by the state’s other law schools for a quarter-century. In 2019, Campbell law student teams won national championships in both student trial advocacy and mock trial competitions.

• School of Engineering: The school launched its charter freshman class in fall 2016. With an innovative, project-based freshman curriculum and a high degree of student-faculty interaction, Campbell offers a broad, interdisciplinary Bachelor of Science in Engineering. Chemical, electrical, and mechanical concentrations are taught with an emphasis on hands-on learning that begins with freshman year design projects.

• School of Education: Campbell’s School of Education educates one-third of the teachers in Harnett County, NC, and, similar to Campbell’s other schools, plays a pivotal role in supplying needed professionals to the state of North Carolina as a whole, and its rural communities in particular. The school offers a variety of undergraduate and graduate degrees in person and online in the fields of education, social work, psychology, and counseling.

• Division of Adult and Online Education: Adult and Online Education has a long history at Campbell, and is an integral part of the University’s mission. Campbell began offering courses at Fort Bragg in 1976 and launched its first online classes in 1999. Today the Division offers 20 bachelor’s degrees, eight associate degrees, and one certificate program either online or on location at Fort Bragg, Camp Lejeune, or Campbell’s extended campus in Raleigh.

FACULTY

Campbell is a teaching institution grounded by top-notch faculty who prepare students for success and a life of service. More than 90 percent of Campbell’s 228 full-time faculty members hold the highest degree in their discipline. Campbell faculty members seek not only to prepare students for professional success, but to encourage a life of service and a desire to make the world a better place. While teaching is a central focus for Campbell faculty, the University also supports faculty members in their research and grant initiatives. The D.P. Russ Jr. and Walter S. Jones Sr. Alumni Awards honor two professors each year, one for teaching excellence and the other for research excellence. Also annually, each school — as well as Adult & Online Education and the library — honor top-performing faculty with the Dean’s Award for excellence in teaching and research.

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STUDENTS

The University enrolls nearly 6,500 students, including over 3,000 undergraduates on its main campus in Buies Creek, 45 minutes from Raleigh. Campbell educates more North Carolinians than any other private university in the state. Applications for admission remain strong with more than 6,000 first- year and transfer students vying for admission. In August 2019, the University welcomed over 900 first- time or transfer undergraduate students. While most of Campbell’s nearly 4,400 undergraduates are from North Carolina, 40 states and more than three dozen countries are currently represented. More than 2,000 students make up Campbell’s growing graduate and professional studies population.

CAMPUS AND BEYOND

The University’s main campus spreads across 1,300 acres in the Harnett County community of Buies Creek, 45 minutes from downtown Raleigh. In recent years, Campbell has executed an ambitious master plan. Major construction and renovation projects include the 109,000-square-foot John W. Pope, Jr. Convocation Center, the Robert B. and Anna Gardner Butler Chapel and the Wiggins Memorial Library. The Health Sciences campus — located less than a mile from the main campus — is home to the state-of-the-art Leon Levine Hall of Medical Sciences, which houses the osteopathic medical school, and the Tracey F. Smith Hall of Nursing & Health Sciences, home to the physical therapy, physician assistant, nursing, and public health programs.

Campbell operates extended campus programs on the Army base at Fort Bragg, the Marine Corps base at Camp Lejeune, and in downtown Raleigh. The University also enrolls hundreds of students in its online programs. A new partnership between Campbell’s law school and business school was recently formalized with the University of Reading in the United Kingdom.

Campbell benefits greatly from being in the Research Triangle Region, a nexus of businesses, educational institutions, and governmental organizations. National publications such as Money, Forbes, and Kiplinger’s Personal Finance routinely place the Research Triangle Region on their lists of best places to live, work, and play in the U.S. Within a short drive from campus are three of the state’s largest cities: Durham, Fayetteville, and Raleigh. Those locations are home to nearly a dozen universities, Fortune 500 companies, nationally renowned restaurants, a plethora of museums, popular retail stores, quaint locally owned shops, and numerous other cultural attractions and events. Recreational highlights close to campus include the University-owned Keith Hills Golf Club and the scenic and historic Cape Fear River that runs directly alongside the campus. Within a two-hour drive from Buies Creek are the Appalachian Mountains to the west and the beaches of the Atlantic Ocean to the east.

Campbell’s proximity to cultural, legislative, state government, and technological epicenters has also allowed it to form dozens of partnerships with private and public organizations that benefit students and faculty across the disciplines and University. Numerous Campbell faculty members, for example, are collaborating with scholars at neighboring institutions, including , the University of North Carolina at Chapel Hill, and North Carolina State University, as well as at more distant institutions, including Virginia Tech and Rensselaer Polytechnic Institute. These partnerships provide faculty with additional tools and vehicles for collaboration that support scholarship and advances in knowledge. Students also have access to research, experiential learning, and networking opportunities that give them an advantage when they graduate. In combination with these many partnerships, Campbell’s significant entry into medicine and other health programs has enabled the creation of a

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large network of new partners focusing particularly on the mission of improving services to rural North Carolina. Campbell has become an engine for economic growth in North Carolina and a gateway to the world.

FINANCES AND FUNDRAISING

Campbell is well positioned financially for the future. Strategic financial management and oversight have allowed Campbell to develop new academic programs, strong athletic teams, a dynamic student life, and effective community service programs.

The University has built more than a half-dozen new facilities since 2005, including a new pharmacy building, dormitories, the Leon Levine Hall of Medical Sciences, the Tracey F. Smith Hall of Nursing & Health Sciences, a football stadium, the Butler Chapel, and the John W. Pope, Jr. Convocation Center. Additionally, the University has completely renovated numerous residence halls, the library, the undergraduate science building, the dining hall, various athletic facilities, and other structures for a total capital investment of more than $150 million.

Campbell celebrated the opening of its newest structure — the Bernard F. McLeod Sr. Admissions & Financial Aid Building — during the fall of 2018. The building houses the University’s admissions office on its first floor as well as the financial aid and the business offices on the second. Formerly, the three were housed in three separate buildings on campus. Construction of a new state-of-the-art student union began in spring of 2018. The 110,000-square-foot facility is set to open in spring 2020. The student union will be roughly 10 times the size of Campbell’s existing Wallace Student Center, built in 1978.

The new student union facility is the focal point of the Campbell Leads fundraising campaign, which allotted $35 million for its construction. The campaign seeks to raise a total of $75 million with $30 million going toward the University endowment to support student scholarships. The campaign launched in June 2016 and will be complete in December 2021. As of December 2019, $65 million had been committed to the $75 million goal.

These achievements are the result of careful management of operating budget surpluses, vigorous fundraising efforts, budgeted repair, and replacement programs, and prudent and strategic financing. In an ever-changing higher education market Campbell is seeking a strategic financial leader to manage a budget in excess of $350 million and an endowment and investments portfolio approaching $200 million.

THE ROLE OF THE VICE PRESIDENT FOR FINANCE & CHIEF FINANCIAL OFFICER

The Vice President will play a key role in shaping the future direction of Campbell University, and in particular establishing and monitoring its financial strategy in pursuit of its academic and service mission. The Vice President serves as the University’s Chief Financial Officer and works closely with the Finance Committee of the Board of Trustees. Reporting directly to President J. Bradley Creed, the Vice President will serve as a collegial and collaborative member of the President’s Cabinet which includes:

• Executive Vice President • Vice President for Academic Affairs and Provost • Vice President for Institutional Advancement

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• Vice President for Student Life • Interim Vice President for Enrollment Management • Associate Vice President for Information Technology and CIO • Associate Vice President for Spiritual Life and Campus Minister

Given Campbell’s size, complexity, and rapid growth, the Vice President will have broad oversight of financial matters across Campbell’s multiple campuses: the main campus and Health Sciences Campus located in Buies Creek, NC; the Law School and extended programs in downtown Raleigh; extended education campuses at Fort Bragg, Pope Army Airfield, and Camp Lejeune/New River Air Station; and online. The Vice President will lead the ongoing process of aligning the organizational and financial structures underlying all of the University’s schools, colleges, programs, and campuses to ensure that all of the University’s financial and strategic decisions are based on the best possible financial information and fullest understanding. The Vice President oversees the staff within the Finance division, which currently includes the following direct reports:

• Assistant Vice President for Business • Comptroller • Director, Keith Hills Golf Course and Country Club • Director, Procurement • University Bursar

OPPORTUNITIES AND CHALLENGES

Campbell’s next Vice President for Finance & Chief Financial Officer will be asked to address the following priorities:

• Consolidate and conserve Campbell’s recent, remarkable gains while attending to the long-term financial sustainability of the University. Along with the Board and administration, the next Vice President will provide strategic, responsible, broadly informed and creative leadership to balance the needs of the current Campbell community with those of future generations. The Vice President will be asked to ensure that the University has a clear picture of the level of spending that endowment, tuition, and other revenue sources can currently support and to help identify opportunities for prudent growth in the future.

• Facilitate the University’s decision-making by providing accurate and clearly framed analyses to a variety of audiences. Campbell’s Vice President plays a critical role in translating highly nuanced and technical issues for a variety of audiences. The Vice President will present concise, relevant, and accurate analyses of financial and operational realities so that the University can make informed and thoughtful choices. The next Vice President will be expected to sustain a high degree of trust, clarity, transparency, and credibility and to engage in substantive, open and respectful dialogue with faculty, senior administrative colleagues, the Board of Trustees, students, staff, alumni, donors and members of the local community.

• Lead a high-level, systematic assessment of finance operations and policies across all of the University’s divisions, schools, and campuses. The Vice President will work to first understand and evaluate current financial management practices across the University, and then provide strategic leadership for standardizing and streamlining

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operations according to national best practices. Throughout this process, the Vice President will communicate clearly and consistently to the larger University community regarding any upcoming changes to current practice.

• Mentor, develop, and retain the exceptional and committed staff within the Finance Division. The Vice President will work to cultivate the strengths of each individual staff member, building on their expertise, and encouraging their professional development. An approachable and highly skilled people manager, the Vice President will cultivate an atmosphere of collaboration and collegiality within the Division.

• Work to ensure that the Finance Division and the University as a whole are a diverse, equitable, and inclusive environment in which all students, faculty, and staff can thrive. The Vice President will play a critical role in ensuring that the financial expenditures align with Campbell’s values, particularly diversity, equity, and inclusion. Campbell has long been a leader in advocating for equality for all, and the Vice President will ensure that the institution continues that course.

• Seek entrepreneurial opportunities for the University in order to advance further its mission. The Vice President will bring creativity, wisdom, and business savvy to the consideration of new opportunities for generating revenue or preventing loss through inefficiency. Campbell has a strongly entrepreneurial culture and seeks a leader who has the knowledge and experience to identify and capitalize upon appropriate emerging opportunities.

QUALITIES AND QUALIFICATIONS

The Vice President will be a person of impeccable integrity and have a track record of successful and progressively responsible senior leadership in financial management. The ideal candidate will hold an advanced degree in a relevant field (e.g., MBA, CPA) and have an open and collaborative leadership style. In addition, the ideal candidate will possess:

• A broad, informed understanding of the national higher education landscape and the ability to apply this knowledge intelligently to Campbell’s particular context;

• The entrepreneurial ability to think innovatively about the future of the University, combined with the practical leadership skills to bring those ideas to life;

• A record of stellar strategic leadership in financial management including a superior understanding of finance operations in a similarly complex higher education institution;

• Proven ability to oversee the preparation, analysis, and monitoring of budgets and financial projections;

• A strong record of using data and technology to inform decision-making and improve processes;

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• Proven experience working with a chief executive officer and a governing board, and all of the key internal and external constituencies that support transparent, accurate, and compliant processes;

• A track record of successfully developing, managing, and mentoring a staff;

• An accessible and transparent approach to leadership, and a willingness to listen to differing opinions and perspectives; and,

• A willingness to support Campbell’s mission of preparing students for purposeful lives and meaningful service.

CONTACT

For best consideration, please send all nominations and applications in confidence and electronically to:

Sue May, Partner Matthew Marsallo, Senior Associate Storbeck Search & Associates [email protected]

An Equal Opportunity Employer, Campbell University is committed to building a diverse faculty, staff, and administration. EEO/AA/Minorities/Females/Disabled/Protected Veterans. Campbell University Inc complies with all Federal and State employment laws.