CLARKSON UNIVERSITY Search for CHIEF FINANCIAL OFFICER

POTSDAM, NY The Search

Clarkson University in Potsdam, New York, seeks a visionary, collaborative and forward-thinking leader to serve as its next Chief Financial Officer (CFO). Reporting to the President and serving as a key member of the University’s senior leadership team, the CFO plays a primary role in budget development and management, financial planning for the institution, and strategic planning and implementation as the senior fiscal steward of resources for Clarkson.

The CFO oversees a broad portfolio in leading an partnership with the Trudeau Institute). Its 4,800 operations team of seven direct reports, including undergraduate and graduate students hail from 43 the director of financial aid; director of budgets and states and 50 countries, and the university employs planning; controller; director of project management; 840+ faculty and staff. Clarkson produces remarkably director of facilities & services; and director of legal effective and entrepreneurial engineers, scientists, affairs, compliance & risk management. In addition, educators, health professionals, businesspeople the CFO will direct, coordinate and administer the and creative leaders by creating an exceptionally activities of the University Business and Financial demanding, boundary-spanning educational Affairs Division, including endowment, enterprise risk experience. Clarkson graduates earn salaries that are management, legal affairs, compliance, purchasing, among the top 2% in the nation; one in five alumni student accounts, student records, student financial already leads as a CEO, senior executive, or owner of aid, annual and long-term operating and capital a company. budgets, general accounting, accounts payable, fixed assets, and information technology. Clarkson’s The successful candidate will be an innovative and annual operating budget totaled $132 million, and resourceful leader who will collaborate with the senior the University has an endowment of approximately leaders and communicate in an honest and direct $198 million. The position can be located on the manner. A proven track record of quality and integrity Potsdam campus or in the Capital Region Campus in with an expertise in current financial methodology Schenectady, New York. and regulations is essential. The CFO will have strong skills in communications, interpersonal relations, Clarkson’s main campus is located on 640 wooded concise report writing and the ability to build a culture acres in Potsdam, New York, adjacent to the 6-million- of trust and transparency. In essence, excellent oral, acre Adirondack Park, with other campuses in the written and presentation skills, along with exceptional Capital Region of New York (Schenectady) and listening skills, are essential. Beacon, as well as partnerships in Saranac Lake (in

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 1 THE SEARCH (continued)

Minimal qualifications for the position are a bachelor’s and Financial Affairs Division with transparency, degree in business administration, finance or related stability and open communication; supporting discipline with a preference for an individual with a Clarkson’s mission and strategic plan; revising the master’s degree and/or professional certifications. University’s budgeting process to ensure participation The CFO will have 10 or more years of progressive and communication; implementing state-of-the- responsibilities in financial administration, as well as art systems and business solutions that promote significant leadership and management experience proactive financial management; advancing diversity, in business and finance, including complex financial equity and inclusion; and maintaining external transactions, key performance indicators (KPIs), relationships with important constituents and other due diligence, contract negotiations and strategic potential partners. planning. An understanding of the academic environment, governance, and values, along with a Clarkson University has retained the services of state-of-the-art knowledge of information systems, Isaacson, Miller — a national executive search firm — accounting and investments, will be preferred. to assist in conducting this important search and to help identify outstanding candidates. All confidential The CFO will address a set of key opportunities inquiries, nominations/referrals and resumes with and challenges to help ensure Clarkson’s ongoing cover letters should be directed to the search firm as success, including leading the University Business indicated at the end of this document.

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 2 Institutional Overview

Founded in 1896 to honor Thomas S. Clarkson, a pioneering entrepreneur and humanitarian, Clarkson today is a private, national research university that is a leader in technological education and sustainable economic development through teaching, research, scholarship and innovation.

Clarkson is the institution of choice for more than for its core values, technology-intensive resources 4,800 enterprising, high-ability undergraduate and and appreciation of the Adirondack Park just beyond graduate students pursuing degrees in 90+ rigorous the University’s doorstep. academic programs of study. With the Golden Knight as the University mascot, Clarkson faculty are on the leading edge of research students quickly integrate academics and research with international relevance and signature areas with their social lives through 200+ campus clubs, of pursuit in healthy global solutions; advanced fraternities and sororities, D-I and D-III sports, project materials development; computational and data- competition teams and community service initiatives. enabled discovery; and next generation medicine This all-in education results in graduates who earn and healthcare. salaries that are among the top 2% in the nation and who realize accelerated career growth. One in five Across the institution, faculty and students develop alumni already leads as a CEO, senior executive or close, mentoring relationships and make lifelong owner of a company. connections that guide career success. Clarkson understands that new technologies, Clarkson produces remarkably effective engineers, emerging fields and expanding career opportunities scientists, educators, health professionals, business require new approaches to learning. That is why people and creative leaders who easily engage Clarkson students are grounded in the fundamentals “What’s next?” Clarkson does this by creating an but also learn how to successfully manage the unique exceptionally demanding, boundary-spanning challenges of today’s complex world. experience in an entrepreneurial community known

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 3 INSTITUTIONAL OVERVIEW (continued) Fast Facts

Locations: Main campus in Potsdam, New York, Through forward-thinking integration of innovation and hubs for graduate school and research resources across the Clarkson community, satellites at the Capital Region Campus #ClarksonIgnite is the University’s call-to-action to in Schenectady and in Beacon, as well as collide disciplines, spark intellectual curiosity and take partnerships in Saranac Lake (in partnership with on real-world industry and marketplace challenges. the Trudeau Institute). Graduate courses are also In this framework, students, as well as faculty, taught online. sharpen their entrepreneurial mindset, skill sets and experiences that are transferable to future careers and Main Campus: 640 wooded acres in Potsdam, research innovations in the rapidly evolving economy. New York, adjacent to the 6-million-acre Adirondack Park. The main campus in Potsdam, New York, and President: Anthony G. Collins, 2003 - additional graduate programs and research satellites form a corridor that follows the Hudson River from Programs of Study: 90+ in engineering, business, Saranac Lake (in partnership with Trudeau Institute) education, science, liberal arts and health and Schenectady in the Capital Region to Beacon and professions New York City. Graduate programs are also offered Degrees Granted: Bachelor of Science, Bachelor online. The alumni community is 44,500+ strong and of Professional Studies, Master of Business resides in 87 countries around the world. Clarkson’s Administration, Master of Science, Master of Arts global reach extends farther through the activities in Teaching, Doctor of Philosophy and Doctor of within its schools and its ROTC command, as well as Physical Therapy research centers and institutes across the Clarkson Enrollment: 4,800 undergraduates and graduate corridor and more than 50 international university students from 43 states and 50 countries exchange partners. Faculty and Staff: 842 Student-Faculty Ratio: 9.9:1 Undergraduate Admission Profile: 32% in top 10% of high school graduating class Study Abroad & Co-ops: 53 study abroad partner universities in 24 countries; co-op opportunities Athletics: Division I ice hockey (men’s and women’s); 18 Division III sports Extracurricular: 200+ clubs and professional societies; 144 intramural teams; Numerous competitive design teams; Collaboration Hubs to ideate and start new ventures Fraternities & Sororities: 11 national; two local Living Alumni: 44,500+

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 4 The Academic & Research Core

Consistent with the founders’ vision to always seek out the real needs of the American people, Clarkson faculty and staff prepare students to lead with confidence across academic disciplines, industries and cultures. From research to commercial innovation, Clarkson demands solution-oriented thinking, challenging the status quo and leveraging the combined ingenuity of interdisciplinary teams to create real impact, relevant innovations and enduring value in the world.

Clarkson’s major academic units are the Wallace In spring 2002, Clarkson announced that the Wallace H. Coulter School of Engineering, the David D. H. Coulter Foundation had made a $30 million Reh School of Business, the School of Arts & philanthropic gift to the University to support the Sciences, the Earl R. and Barbara D. Lewis School ongoing excellence in its engineering and science of Health Sciences, the Graduate School, The programs. The gift honors the late Wallace H. Coulter, Clarkson School (a unique academy for high a past trustee and research partner of the University, school-aged students who begin college early) and and reinforces a theme he embraced, “Technology Sponsored Research Services, which oversees a Serving Humanity.” $13.9 million portfolio of contracts. Three institutes also support key areas of interdisciplinary research, Named in 2017 for David D. Reh ’62, H’17, the educational programs and public outreach. These mission of the Reh School of Business is to combine are the Institute for a Sustainable Environment, scholarly research and teaching to create and the Institute for STEM Education and the advance knowledge at the intersection of business, Beacon Institute for Rivers and Estuaries. technology and society. With 68 faculty and staff supporting 578 undergraduates and 251 graduate Representing approximately 54% of all student students, the Reh School focuses on areas that enrollment (1,656 undergraduates and 220 span traditional boundaries: global supply chain graduate students), the Wallace H. Coulter School management, innovation & entrepreneurship, financial of Engineering has 96 faculty and staff in the information & analysis, business intelligence & departments of Chemical & Biomolecular Engineering, data analytics and mathematical economics. The Civil & Environmental Engineering, Electrical and engineering & management program, which is among Computer Engineering and Mechanical & Aeronautical a limited number of programs in the world that enjoys Engineering. Faculty and students also participate in dual accreditation by both engineering and business the interdisciplinary Engineering and Management, agencies, is also administered from the Reh School Software Engineering and undergraduate with close alignment to the Coulter School. All Reh interdisciplinary minors. students start their own business as freshmen,

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 5 THE ACADEMIC & RESEARCH CORE (continued)

engage in an international experience and develop expertise in traditional business disciplines — accounting, economics, finance, marketing, management, operations and data analytics — and then clearly see how they fit together.

The School of Arts & Sciences provides the foundation for all of Clarkson’s degree programs and offers distinctive majors and minors that set students apart in the competitive marketplace. The 10 faculty per program, 30 students per program School offers programs in the disciplines of applied cohort and approximately 225 students. The OT mathematics & statistics, bioethics, biomolecular program offers a Master of Science in Occupational science, biology, chemistry, communication, computer Therapy, the physician assistant program offers a science, data science, digital arts & sciences, history, Master of Science in Physician Assistant Studies and interdisciplinary liberal arts, interdisciplinary social the physical therapy program offers the Doctor of sciences, literature, mathematics, physics, political Physical Therapy degree. science, pre-law, psychology, science studies, social documentation and University studies; it also offers The Clarkson Institute for a Sustainable Environment programs in pre-health sciences (pre-medical, pre- (ISE) facilitates boundary-spanning environmental dental, pre-veterinarian, pre-physical therapy, pre- research, educational activities and external occupational therapy and pre-physician assistant). partnerships. Students from across campus can Many of the School’s 163 faculty and staff, and 571 integrate sustainability into their curricular or co- undergraduate and 290 graduate students, also curricular education by adding minors, writing engage in interdisciplinary programs, minors and proposals to implement sustainability projects double majors. on campus, participating in research or spending a semester immersed in social, environmental Through a transformational gift from Earl and Barbara and economic issues as a part of the Adirondack Lewis, Clarkson established the Earl R. and Barbara Semester. ISE also houses the Center for Sustainable D. Lewis School of Health Sciences for its growing Energy Systems (CSES) which generates new portfolio of programs. This will assure the highest concepts and solutions in bioenergy, energy quality education for its students and advance education, energy efficiency, energy literacy, careers, research and innovation with an emphasis environmental impact studies, energy harvesting on meeting rural and distance-challenged healthcare and storage, energy policy, power systems, solar needs. The Lewis School currently consists of energy, transportation systems and wind energy. three fully accredited graduate-level programs: OT, The Institute also supports Clarkson’s significant physician assistant studies and physical therapy. resources focused on the management of pollution As it begins, the Lewis School consists of six to and the measuring of contaminant concentrations in environmental media. This includes the Center for Air and Aquatic Resources Engineering & Sciences (CAARES) that brings together expertise focused on environmental sampling and analysis, receptor modeling, analytical chemistry, atmospheric deposition and the application of experimental and computational fluid dynamics to pollution problems.

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 6 THE ACADEMIC & RESEARCH CORE (continued)

As a close partner to ISE, the Beacon Institute for internships, co-ops or study abroad; and to work Rivers and Estuaries ignites citizen science, user- in teams on real-world problems. Admission to the inspired R&D and education through collaboration and Honors Program is highly selective. Honors students creative innovation to inspire sustainable solutions for form an intimate, supportive, highly motivated and estuary and freshwater ecosystems throughout the talented “community within a community.” Hudson Valley and across New York state. Closely aligned to the Honors Program, The Clarkson Clarkson’s Institute for STEM Education also spans School is a selective early-college program that boundaries across the other two institutes and the engages approximately 60 talented and motivated schools through formal and informal educational high school students who enroll as first-year outreach, educational and pedagogical research, university students at Clarkson. Taking the same and the scholarship of teaching and learning, as courses as undergraduates and accessing all support well as through the recruitment and retention — and services, clubs and activities, “Schoolies” live in a persistence — of STEM students and collaboration special living-learning community that provides with educational and basic-research initiatives. additional support for personal growth, academic Clarkson’s award-winning Master of Arts in Teaching achievement and professional development. program is a key anchor in the Institute and supports a series of novel boot-camps for STEM graduate Several academic research centers further leverage students to prepare for teaching and advising roles. the University’s scholarly strengths. For example, the Center for Advanced Materials Processing (CAMP), The Honors Program, founded in 1997, is a small which is also a New York State Center for Advanced community of about 187 students. Students in the Technology, contains state-of-the-art research Honors Program are diverse, nationally and ethnically, laboratories that enable faculty to pursue cutting-edge with about equal numbers of women and men and research and are accessible to undergraduates and representing all majors at Clarkson. The Honors graduate students for collaborative projects. Program takes the undergraduate experience to an entirely new level. Clarkson is famous for its hands- The Center for Rehabilitation Engineering, Science on, problem-based curriculum, but the Honors and Technology (CREST) serves to integrate Program provides even more opportunities to conduct biomedical engineering and science with assistive original research or independent projects; experience and adaptive technologies and physical therapy to improve lives affected by disease or injury.

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 7 THE ACADEMIC & RESEARCH CORE (continued)

In March 2019, New York state designated Clarkson University and SUNY College of Environmental Science & Forestry (ESF) to co-lead a new Center of Excellence (CoE) in Healthy Water Solutions to deliver synergistic problem- solving on the wide range of water issues impacting the Empire State.Clarkson’s world-class technical and engineering innovation expertise in healthy water systems and ESF’s renowned expertise in monitoring, watershed ecosystem management and solution development uniquely position the CoE to create and leverage partnerships across the public-private sectors.

As a National Science Foundation Industry/University Cooperative Research Center, the Center for Identification Technology Research (CITeR) serves its affiliates in the rapidly growing areas of Biometric Identification and Credibility Assessment Technology through an interdisciplinary group of faculty, researchers and students.

The Clarkson Center for Complex Systems Science (C3S2) addresses the rapidly growing field of identifying and understanding causality in large-scale systems, as well as the hierarchical interactions, patterns and scaling of system components across a variety of fields, such as brain science, insect swarming, social science and fluid dynamics.

Clarkson is also the home of military science programs for the 135 cadets in the Golden Knights Battalion in the U.S. Army and Air Force ROTC Programs. Students from St. Lawrence University, SUNY Potsdam, SUNY Canton and Paul Smith’s College are also eligible to participate in ROTC through Clarkson. Students with strong academic backgrounds — who are physically fit and have active minds and the ability to rapidly assimilate information — thrive before becoming active duty officers with choice assignments in the United States military.

Clarkson’s first-to-second year retention rate is 90.59%, which is well above the norm for New York state. In addition, Clarkson’s graduation rate is 75.9% for students who completed their bachelor’s within six years, 75.9% for those in five years and 64.7% for those in four years. Some adjustments to this figure are made for The Clarkson School, an early-college academy where some students complete their junior and/or senior years of high school taking college courses and where not all students expect to remain at Clarkson for all four years.

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 8 The Clarkson Education

Clarkson’s academic programs span boundaries and vary widely in content. However, at the heart of the institution’s educational process are fundamental goals and values that define a common learning experience and shape the growth of every Clarkson student. The University has articulated its mission, vision and values as follows: Mission of Clarkson University Vision of a Clarkson Education

Clarkson University is an independent, nationally The Clarkson University educational experience recognized technological university whose faculty is designed to provide talented and ambitious of teacher/scholars aspires to offer superior students with the knowledge and skills necessary to instruction and engage in high-quality research and achieve positions of leadership within their chosen scholarship in engineering, business, science, health professions. The combination of Clarkson’s strong and liberal arts. Our primary mission is to educate technologically rich curricula and state-of-the-art talented and motivated men and women to become teaching and research facilities, coupled with an successful professionals through quality pre- unparalleled commitment to a friendly learning collegiate, undergraduate, graduate and professional environment and to students’ personal development, continuing education programs, with emphasis on the uniquely prepares Clarkson graduates to excel in undergraduate experience. their chosen professions and to lead rewarding and creative lives. Our community and campus settings enhance the quality of student life and afford students access In addition to attaining mastery of the core to and interaction with their faculty. We value the knowledge within his or her field, a Clarkson diversity of our University community; and we strive education is designed to enable students to: to attune ourselves and our programs to our global, pluralistic society. We share the belief that humane • Solve real-world, open-ended problems with and environmentally sound economic and social creativity and risk taking to obtain solutions that development derive from the expansion, diffusion and are practical and sustainable, including those they application of knowledge. encounter in state-of-the-art research under the direction of distinguished faculty. • Develop and refine exceptional communication skills with an awareness of potential cultural differences.

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 9 THE CLARKSON EDUCATION (continued) The Clarkson Values

“Lead by Example and Others Will Follow” • Lead effectively and work productively within disciplinary and multidisciplinary teams Caring: A positive and friendly atmosphere is composed of members with diverse interests and created when we care about each other, when backgrounds. we are open to constructive criticism and when we show appreciation for a job • Excel in using computing and information well done. technologies. Diligence: “A workman that needeth not to • Learn through instruction and guidance by be ashamed.” Initiative and hard work are key nationally recognized faculty whose commitment ingredients in getting the task done. to both teaching and research has made Clarkson a nationally ranked university. Diversity: The mutual appreciation of differences and a plurality of opinions, • Excel in using computing and information beliefs and cultural traditions inform and technologies. enrich our lives. • Learn through instruction and guidance by Integrity: Honesty and accountability in one’s nationally recognized faculty whose commitment actions and words form the foundation of our to both teaching and research has made Clarkson relationships with others. a nationally ranked university. Growth: Educational experiences in and out A Clarkson student’s education is greatly of the classroom enliven our minds, broaden enhanced by a personal and friendly learning our horizons and facilitate dialogue and environment, within a small, residential, consensus. Learning is a lifelong activity. nationally recognized University, which: Service: Offering our time and skills for • Places students at the center of the educational the good of our fellow citizens leads to process and where all employees have a the prosperity and environmental health of commitment to creating an environment that the community and to the well-being and contributes positively to students’ overall character development of the individual. educational experience. Teamwork: Effective teamwork encourages • Draws undergraduates, graduate students, faculty creativity and self-initiative in our respective and staff together into a cohesive and stimulating roles and partnerships. It is essential in learning community, wherein an atmosphere of getting the task done and in developing scholarship and spirit of research is cultivated. the skills needed to meet the challenges of ensuring sustainability of local and global • Uses our campus as a living laboratory to improve economic, environmental and social systems. learning and uses the wider region to broaden and extend Clarkson’s outreach and service. Vision: Having a vision of a sustainable future helps us prepare for it. Embracing • Provides personal advising and interaction the inevitable changes in our world as with faculty and staff, as well as supportive opportunities allow us to anticipate, promote, relationships among students. and facilitate change. • Offers many leadership opportunities through co-curricular groups and activities. • Respects and learns from its community of diverse people, backgrounds and cultures.

Together, these provide a unique educational experience that is directed toward developing the whole person.

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 10 THE CLARKSON EDUCATION (continued)

Points of Distinction

Clarkson has produced Clarkson is ranked as a Clarkson has been named 44 Goldwater Scholars since Top-Tier National University among Top 10 Best Colleges program began in 1 by U.S. News & World Report, for Producing Engineers by 989, including a 21 America’s Best Colleges. Industry Week. consecutive year record of Goldwater winners.

he Brookings Institute named Clarkson alumni salaries Clarkson one of the top 10 Clarkson boast rank in the top 2% of salaries universities in the nation for 13 Fulbright Scholar in the United States, enhancing graduates’ salaries; awardees in the last decade according to PayScale a Clarkson degree increased College Salary Report. expected salaries by 42%.

The University is cited in The Clarkson is recognized as one Clarkson is rated among the Princeton Review’s The Best of 25 universities with the Top 40 Best Value Schools Value Colleges, 13th Edition: highest paid graduates in the (U.S. News & World Report, 75 Schools That Give You the Money & Career Cheat Sheet. Best Colleges). Most for Your Money.

Clarkson is ranked number Clarkson is recognized as one in the National Model Clarkson’s online MBA one of the Best Colleges Undergraduate Program in program ranks in the for Veterans (U.S. News & Entrepreneurship Education top 40 nationally World Report, America’s by the U.S. Association (U.S. News & World Report). Best Colleges). of Small Business and Entrepreneurship.

The alumni community is 44,500+ strong and resides in 87 countries around the world. Clarkson’s global reach extends even further through the activities within its schools and its ROTC command, as well as through more than 53 international university exchange partners.

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 11 THE CLARKSON EDUCATION (continued)

Accreditation

Clarkson University is accredited by the Middle States The MAT program in the Department of Education Commission on Higher Education (MSCHE). has Association for Advancing Quality in Educator Preparation (AAQEP) accreditation until 2026. Programs in aeronautical, chemical, civil, computer, electrical, environmental, mechanical and software The graduate physical therapy professional engineering are accredited by the Engineering curriculum is accredited by the Commission on Accreditation Commission of the Accreditation Board Accreditation in Physical Therapy Education (CAPTE) for Engineering and Technology Inc. (ABET). Students of the American Physical Therapy Association (APTA). who have completed at least three years toward a bachelor’s degree in engineering are eligible to take The Accreditation Review Committee on Education the Fundamentals of Engineering examination toward for the Physician Assistant (ARC-PA) has granted licensure as professional engineers. Provisional Accreditation to the Physician Assistant Studies Program. The David D. Reh School of Business is accredited by the Association to Advance Collegiate Schools of The Accreditation Council for Occupational Therapy Business (AACSB). The undergraduate engineering Education (ACOTE) of the American Occupational and management program in the David D. Reh Therapy Association (AOTA) has granted “Candidacy School of Business is also accredited by the Status” to the Occupational Therapy Program at Engineering Accreditation Commission of ABET, Clarkson University. Inc. The healthcare MBA program is accredited by In addition, the University is accredited by the United the Commission on Accreditation of Healthcare States Civil Service Commission, and its curricula are Management (CAHME). approved by the New York State Board of Regents. All Clarkson degree programs are approved by the New York State Division of Veterans Affairs for the training of veterans and other eligible persons.

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 12 Clarkson Strategic Plan

Clarkson @125: The University Strategic Plan for We urgently need to extend our momentum and 2014-2021 is a renewed commitment to Clarkson place our strategic bets in those areas that turn our University’s ongoing evolution to excellence accomplishments into enhanced reputation and that recognizes, celebrates and builds on our resources and that continue to prepare our students achievements. A Clarkson education emphasizes for remarkably successful careers. During the next the creation of knowledge for developing practical, eight years, we will double down on key objectives sustainable solutions to today’s problems and the launched in the last decade to raise our academic commercialization of those solutions to create social excellence and the engagement of our students and and economic wealth. In looking ahead to milestones alumni. Clarkson University has the education that that will define Clarkson at its 125th anniversary in students need now to compete for the best jobs 2021, Clarkson’s evolving strengths and vision for and has a research portfolio that helps American the future intersect precisely with the needs of our companies drive innovation. The Evolution to technologically driven society. Academic Excellence plan (2003-13) put Clarkson on a national stage as a tremendous value for students and their future career success, expanded our alumni network and generated a measurable buzz around a vision to develop a new entity in higher education.

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 13 North Country of the Potsdam Campus

Clarkson’s main campus is located in Potsdam, New York, on the historic 640-acre wooded homestead of the Clarkson family in the foothills of the Adirondack Park. With roughly 15,000+ year-round residents, the Village of Potsdam is nestled along the Raquette River in the heart of St. Lawrence County. It is home to a variety of shopping and dining experiences, an active downtown corridor, two world-class universities as well as outstanding recreational outlets. As another major employer and location for Clarkson internships and cooperative-education experiences, Canton-Potsdam Hospital (CPH) is a 94-bed facility with core programs in emergency medicine, acute care, hospitalist medicine and critical care supplemented by outpatient health services throughout the region. A number of physicians with an entrepreneurial spirit have been attracted to practice in the area based on CPH’s affiliation with Clarkson’s Shipley Center for Innovation, which supports the commercialization of medical device technologies.

With four other universities in the immediate region class sporting events, but also a variety of unique (SUNY Potsdam, St. Lawrence University, SUNY experiences like wheeled bobsled rides, views from Canton and Paul Smith’s College), Potsdam is truly “a atop a former Olympic ski jump and a wheelchair- college town.” The Village of Potsdam is located on accessible elevator to summit of Whiteface Mountain. the banks of the beautiful Raquette River. The Village Having hosted the 1932 and 1980 Winter Olympics, was the 2019 recipient of a $10 million Downtown Lake Placid is renowned for winter sports. Clarkson Revitalization Grant from New York state. Its tree-lined has taken a major role in the region’s preparations to streets and historic red sandstone buildings contain host the International Children’s Games in 2019 and an array of modern stores and restaurants. Clarkson the 2023 Winter World University Games. and SUNY Potsdam are within walking distance of one another. Among the Village’s outstanding As the home mountain for Clarkson’s ski teams, cultural features is The Crane School of Music at the downhill skiing at nearby Whiteface Mountain SUNY Potsdam, which offers extraordinary vocal and is unrivaled in the East, and regular roundtrip instrumental performances and concerts by world- transportation to Whiteface, as well as Titus class musicians. Mountain, is available from the Clarkson campus.

Just an hour and a half from Clarkson is Lake The international Olympic flavor pervades the whole Placid, a year-round resort town with all kinds of region. Olympic year-round training sites include not entertainment, shopping, dining and recreation. This only the towering ski jump, but also the luge, speed famed Olympic site in the Adirondack Mountains skating, biathlon and bobsled facilities. Recreational offers not only a spectacular setting and world- opportunities abound throughout the year, ranging

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 14 NORTH COUNTRY OF THE POTSDAM CAMPUS (continued)

from , tennis, horseback riding, hiking, white water The Capital Region Campus rafting, biking and sailing amid mountain splendor. Hiking trails abound; many faculty, staff and students Clarkson’s Capital Region Campus, located in become “46ers” in recognition of climbing all 46 peaks Schenectady, New York, and established through a in the region. Caves that are hidden throughout the merger with Union Graduate College, offers expanded Adirondacks wait to be explored. The numerous lakes opportunities for graduate and professional programs and rivers of the North Country offer kayaking, fishing and serves as the graduate admissions and recruiting and other rafting action, as well as scuba diving and hub for the University. Centrally located to many of boat tours to see the shipwrecks and old forts from Clarkson’s corporate partners for research, graduate the War of 1812 in several waterways. education, talent development and alumni networking, the campus also affords convenient transportation Two of Canada’s major cities are within a two-hour via train, air and automobile interstates. The Capital drive of the University. French-speaking Montreal Region Campus is less than 15 minutes from the is one of the most cosmopolitan and sophisticated state capital in Albany and less than three hours from cities in North America. Famed for the multicultural New York City, Syracuse and Boston. cuisine of its ethnically diverse restaurants and the glitter of its nightlife, this urban environment offers Beacon unique francophone experiences, including the The Beacon Institute for Rivers and Estuaries charms of “Old Montreal” with echoes of 400 years of is Clarkson’s Hudson Valley campus located in history. Destinations include the Montreal Museum Beacon, New York, with state-of-the-art educational of Fine Arts, Place des Arts and Montreal Canadiens facilities on Denning’s Point State Park. The Beacon hockey games, as well as performances in the arts Institute ignites citizen science, user-inspired R&D and entertainment fields. and education through collaboration and creative Ottawa, which is Canada’s capital, offers world-class innovation to inspire sustainable solutions for estuary cultural attractions, including the National Arts Centre, and freshwater ecosystems throughout the Hudson National Gallery of Canada, Museum of Civilization, Valley and across New York State. The campus Canada Science and Technology Museum, Canadian serves as both a research institute focused on Museum of Nature and Parliament Hill, as well as healthy water solutions and a provider of educational A-list musical and stage performances. It is also services, including K-12, public and family and home to the Ottawa Senators. A favorite local tradition professional graduate programs. Beacon is less than shared by Clarkson students is skating on the famous two hours from Albany and New York City and roughly Rideau Canal, which runs for miles through the city. three hours from Syracuse and Boston.

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 15 Clarkson University President Anthony G. Collins

Currently serving as Clarkson’s 16th president, Anthony Collins is a regional and national advocate for higher education-industrial partnerships that couple research discovery and engineering innovation with enterprise for commercialization and economic development with a focus on advancing sustainable energy solutions and environmental technology innovation.

New York Governor Andrew Cuomo appointed Dr. Growing up outside Melbourne, Australia, Dr. Collins in July 2011 to serve as co-chair for the North Collins earned an undergraduate civil engineering Country Regional Economic Development Council. degree from Monash University, and then master’s Dr. Collins served on a commission, established by and doctoral degrees from Lehigh University in Governor Cuomo in November 2012, to investigate Pennsylvania. Prior to his doctoral studies, he worked and study utility companies’ storm preparation and for both Australian Consolidated Industries and Utah management and to recommend reforms to overhaul Development Company. After receiving his PhD in regulation of the entire system to better deal with 1982, Dr. Collins launched his career at Clarkson, in emergencies. He has been a member of the panel Potsdam, New York, as an assistant professor of that Governor Cuomo tasked to advise him and the civil and environmental engineering. Subsequently Port Authority of New York and of New Jersey on the rising to the rank of professor, he also assumed redesign of New York’s airports, and the supporting increasing levels of administrative responsibility, infrastructure, to attract additional commercial including department chair, dean, vice president for activity. He is also the president of the Seaway Private academic affairs and provost. He was elected the Equity Corporation that invests in new technology 16th president of Clarkson University in 2003. He has companies based in St. Lawrence County, New York. received awards for outstanding teaching, research In service to the higher education sector, Dr. Collins and advising and lectured globally. He is the author of is the past chair of the National Association of more than 90 professional publications. Independent Technological Universities and a chair emeritus of the Commission on Independent Colleges & Universities in New York. In addition, he serves on the boards of the New York State Higher Education Services Corporation and The Business Council of New York State.

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 16 History of Clarkson University

The University’s ties to New York state run deep. As a British citizen representing the crown, Matthew Clarkson came to America in 1685, and, in 1691, he assumed the duties of secretary of the Colony of New York as granted to him by King William III. While the Clarkson family had considerable means, they exemplified the new American work ethic and started a legacy that all the sons would learn a trade. Subsequent generations of Clarkson family members living in the colonies went on to favor American independence. To repay debt to creditors like the Clarkson family, following the Revolutionary War, the Clarkson’s acquired a large track of land in the town of Potsdam in 1804 and were among the early American settlers.

Thomas S. Clarkson and his brother, Levinus, ran the In August 1894, Thomas S. Clarkson was accidentally family’s farm, where the main Clarkson campus is killed in his sandstone quarry, just upriver from located, until Levinus’ death. Thomas S. Clarkson also Potsdam. When a worker was in danger of being engaged in other business endeavors in Potsdam crushed by a large derrick pump, Clarkson pushed and the North Country region, including developing him out of the way, risking his own life. Clarkson the first local electrical power plants, post-Civil War was crushed against a wall by the swinging pump, housing for the poor and the first sewer system in the sustaining severe internal injuries. While a doctor area (keeping residents protected from the typhoid from Montreal was summoned to aid him, he died five fever epidemic) and operating large sandstone days later. quarries on the Raquette River. In addition to the many structures on campus, such as Old Main, Woodstock After his death, Clarkson’s three sisters — Elizabeth, Lodge and numerous fireplaces and entryways, some Frederica and Lavinia — and niece, Annie, decided to of the best examples of the distinctive red sandstone create a school, which would stand in memorial to this from this quarry can be seen in the accent stone over beloved entrepreneur, humanitarian and community the windows of the Parliament of Canada in Ottawa, member whom obituaries referenced as “everyone’s Ontario. This sandstone was also the primary building friend.” The school was founded in 1896 and called the material for the Cathedral of All Saints in Albany. Thomas S. Clarkson Memorial School of Technology, before later becoming the Clarkson College of With a penchant for education, Thomas S. Clarkson Technology in 1912 (due to creation of the State and a cousin founded the Potsdam Public Library University of New York and registration of all colleges), and Reading Room, teaching local workers how and then Clarkson University in 1984. The motto in to read and offering a tuition-free night school to Clarkson’s seal, “A Workman That Needeth Not to be teach mechanical drawing. It is said that Thomas Ashamed,” is taken from Thomas S. Clarkson’s favorite S. Clarkson gave away work, not charity, and many biblical verse in the Book of 2 Timothy. projects for the public good were financed in this way, giving people means, dignity and practical skills to carry them into the future.

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 17 Clarkson Athletics & Recreation

The Clarkson Golden Knights compete in 20 intercollegiate varsity sports — at the NCAA Division I-level in men’s and women’s hockey and, with the other 18, at the NCAA Division III/USCSA level. Based on our historical presence as an ice hockey powerhouse, Clarkson is one of only a few institutions in the country that have been grandfathered in by the NCAA to allow students to compete in both levels of play. The Golden Knights’ women’s ice hockey team has won three D-I National Championships in the last six years. The men’s team has a storied legacy in the sport since 1919. Led by a pep band that is the envy of our competitors, both teams enjoy a great fan following in at home games — and on road trips often feel a sense of home-field advantage because of the number of students and alumni that turn out for away games.

In keeping with our winter climate during the academic All students are encouraged to participate in robust year, the Alpine and Nordic ski teams have also enjoyed intramural leagues and recreational activities, and much recent success. Other sports offered include most facilities and fitness classes are available to , , golf, , soccer, , faculty and staff as well. Clarkson’s main location and , which has been to the NCAAs in Potsdam provides students with a wide array of for the past nine years and reached the Elite 8 for four outdoor sporting opportunities, including individual of those years. Of our 450 student athletes, 400 of and team challenges. The ROTC Program’s challenge them compete at the Division III level, with over 75% of course and the Munter Trails also intertwine with those teams advancing to post season play. The high community recreation systems. level at which our students compete is consistent with their dedication to their studies. The overall student athlete GPA is 3.3 — significantly above that of the general student population.

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 18 The Role of the Chief Financial Officer

Reporting directly to the President Anthony Collins as a key member of the President’s Cabinet, the CFO will direct, coordinate and administer the activities of the University Business and Financial Affairs Division, including endowment, enterprise risk management, legal affairs, compliance, purchasing, student financial aid, annual and long-term operating and capital budgets, general accounting, accounts payable, fixed assets, and key performance indicators for financial activities. To this end, the CFO leads an operations team consisting of seven direct reports, including the director of financial aid; director of budgets and planning; controller; director of project management; director of facilities & services; and director of legal affairs, compliance & risk management. Key Responsibilities The next CFO can expect to fulfill the following key responsibilities:

• Provide dynamic administrative leadership to • Assume responsibility for the University’s faculty and staff at all levels to promote student pension plans and fiduciary responsibility for the development, intellectual growth and scholarly endowment and the endowment’s compliance. research through strategic planning, direction and • Conduct research and obtain capital financing for assessment of key components. construction and other long-term needs. • Assure budget decisions align with the University’s • Work with Facilities & Services to promote mission and goals. sustainable facilities management with an • Formulate current and long-range financial plans, emphasis on efficient energy use. Prioritize forecasts and analyses for presentation to the projects that are consistent with the President’s President and Board of Trustees. Climate Commitment. • In conjunction with the Board of Trustees, identify • Act as liaison officer to the Investment, Audit, and select portfolio managers for the endowment, Finance and Budget Committees of the Board of monitor their performance and manage the Trustees, as well as provide information to those portfolio asset allocation of the endowment with committees and the Executive Committee. emphasis on socially responsible investments. • Develop a comprehensive operating budget for the University; review and consolidate budgetary recommendations submitted by division FINANCIAL FACTS administrators; and monitor and verify major Annual Operating Budget: $132 million expenditures and investigate significant variances to the budget. Endowment Market Value: $198 million • Actively manage long-term operating, capital and Long-Term Debt: $73 million restricted funds budgets. Bond Rating (Moody’s): Baa1 with stable outlook

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 19 THE ROLE OF THE CHIEF FINANCIAL OFFICER (continued)

• Establish and maintain external contractual • Manage the compliance with the University’s relationships as well as banking, legal and other Code of Business Conduct and Conflict of Interest professional service providers. policies and procedures. • Serve as president of J.R. Weston Inc., Clarkson’s • Direct the preparation of major accounting and wholly owned, for-profit entity. J.R. Weston financial reports and analyses reflecting progress, operates the Clarkson Inn and rental properties in adverse trends and appropriate recommendations Potsdam, New York. or conclusions. • Review annual audit with the Audit Committee • Monitor the University’s Board-approved and the external auditors and discuss any investment policy document and recommend recommendations for procedural improvement. changes to the Investment Committee and the Recommend external auditor selection and Board of Trustees. reappointment to the Audit Committee. • Plan and conduct conferences with management • Provide administrative direction to supportive staff to ensure compliance with established management personnel and monitor scope of procedures and directives and to provide activities to ensure compliance with internal information to cognizant departmental policies, University objectives and external representatives. contractual obligations. • Direct a variety of personnel actions to include, but • Maintain effective internal financial controls in not be limited to, hiring, merit recommendations, compliance with the New York State Attorney performance appraisal, promotions, transfers, General’s regulations on financial accountability vacation schedules and dismissals. and whistleblower activities in accordance with • Present annual budget and student fees to Finance the Nonprofit Revitalization Act of 2013. and Budget Committee for approval and recommendation to the Board of Trustees.

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 20 Opportunities and Challenges

The Chief Financial Officer will be an experienced, strategic, visionary professional with exceptional collaboration skills and financial management acumen. To succeed, this individual will be expected to address the following important opportunities and challenges:

Lead and manage the University Business and finances of the University as well as leadership of Financial Affairs Division with transparency, forward the total institutional mission of moving to a new thinking, stability and open communication. level of excellence while protecting the financial integrity of the organization is essential. This senior- In leading University Business and Financial Affairs, level responsibility will require a leader with an open the CFO will establish strong working relationships and transparent style, who can effectively exchange and cohesiveness with all departments within the ideas and opinions with University constituencies, division. The CFO will lead the operations team and who can contribute effectively to the work of of seven direct reports, bringing cohesion and all other senior leaders. The CFO will have primary efficiency to the division. This individual must responsibility for developing and implementing the represent the units in leading the division, being their financial plan, guided by the Clarkson @125: The voice in matters concerning University leadership. University Strategic Plan for 2014-2021. The Strategic As an exemplary communicator, the CFO will Plan creates a framework for achieving the goals be able to explain complex financial policies in aimed at successfully educating and graduating understandable ways to the community, clearly tomorrow’s diverse and nontraditional student articulating institutional priorities and their impact on populations in a creative and innovative educational the University’s budget. This individual will drive the environment that is responsive to their needs and strategic priorities of the University in a planful way, expectations. while building resources to enable them.

The next CFO will also navigate the changing future Review and revise budgeting process to ensure landscape of higher education as Clarkson emerges participation and communication. from the pandemic. Recognizing the changing An important priority for the next CFO will be to demographics of student college-goers, the CFO bring clarity, transparency, and communication will be strategic in planning for Clarkson’s future regarding the budget process to all stakeholders enrollments. The presents an enormous opportunity involved. Recognizing priorities across the academic for the next CFO to reposition Clarkson to build on and administrative areas of the institution and how its many existing strengths and lead the way out of they affect the budgeting progression will be a key the pandemic. element in the process. To that end, the CFO will study and analyze the budgeting process to evaluate Develop the University’s financial plan to support priorities, and seek to include forecasting, annual Clarkson’s mission and strategic plan. and multi-year, with defensible assumptions, and Together with the President and his cabinet, the align it with strategic goals. CFO will play a central role in making the Clarkson strategic plan a reality. As the CFO, oversight of the

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 21 OPPORTUNITIES AND CHALLENGES (continued)

Implement state-of-the-art systems and business national organizations, charitable groups and civic solutions while updating existing financial entities. processes and procedures to promote proactive financial management. The Successful Candidate

The next CFO will bring a deep understanding of To provide the leadership required in this position, the state-of-the-art operations and systems that enable Chief Financial Officer should possess appropriate Clarkson University to apply business solutions personal attributes and professional experience. and insights that are forward planning and driven This individual should possess a high level of on metrics and data. Improving efficiency and cost energy, integrity, intelligence and humility, as well effectiveness, the CFO will lead measures that as a passionate desire to lead, a commitment maximize revenue, monitor costs, and implement to continuous improvement and a willingness to revenue projections that predict the University’s embrace and overcome challenges. It is preferred that financial picture in the future. With the potential for the CFO will have a at least 10 years of progressive future changing student enrollment and tuition, the responsibility in the area of financial administration CFO will seek to increase ability to project enrollment and significant leadership and management while always seeking additional revenue streams. experience in business and finance, including complex financial transactions, due diligence, Promote and advance diversity, equity and inclusion. contract negotiations and strategic planning. Among Clarkson University seeks to develop and nurture the additional desired qualities are: its diversity in all respects, and is committed to maintaining an inclusive community among its • Professional experience leading to an students, staff and faculty. The CFO is uniquely understanding of the academic environment, positioned to promote diversity, equity and inclusion governance and values, including building a among the large staff within the financial and culture of trust and transparency. administrative area. This individual will encourage • State-of-the-art knowledge of information system, diversity as a result of financial and administrative accounting and investment. decisions that are made and policies that are • Preference will be given to those with a master’s promoted campus wide. degree and experience in higher education. Maintain external relationships with important • A record of progressive and effective constituents and other potential partners with the management experience, as well as demonstrated University. knowledge of endowment management, debt management, financial accounting, budgeting, real The CFO will share with the other members of the estate management, risk management, contract leadership team the ongoing effort to build strong management, financial planning and higher relationships with local, regional, global, alumni, education finance. industrial partners and donors and expanding visibility and reputation of the University. This role • Evidence of knowledge of generally accepted will purposefully ensure an active and expanding accounting principles and practices, and dialogue with external constituencies by encouraging governmental accounting and financial report key partnerships, engaging in advancement activities, standards, and knowledge and experience in the including assistance with Development and Alumni area of finance and budgeting development and Relations in fund-raising, and supporting faculty in systems. applying for grants and contracts. The CFO must • Proven record of ability to illustrate complex promote and advance the mission of the University by financial reports and projections. actively participating in important external activities and interacting with appropriate state, regional and

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 22 OPPORTUNITIES AND CHALLENGES (continued)

• Knowledge and experience in the implementation • Ability to manage, inspire and establish business of sophisticated financial and performance policies that support a strong customer service management tools to ensure robust mission and culture that is adaptable in adjusting to a changing data driven planning and decision making. academic environment. • Proven success with acquiring and allocating • Excellent oral and written communication skills, resources to develop and support institutional and including concise report preparation. organizational priorities and initiatives. • Evidence of strong analytic and organizational • Professional experience with contracts. skills, including developing key performance • Evidence of creating, building and supporting a indicators (KPIs). workplace culture committed to partnerships, • Evidence of strong interpersonal skills, and an teamwork, collaboration and transparency. ability to establish effective working relationships • Recognized leadership in demonstrating and with faculty, staff, students and other external and promoting integrity, honesty, trustworthiness and internal constituencies. ethical communication and decision- making • Proven ability to act with discretion and maintain behavior. confidentiality. • Evidence of commitment to continuous quality • Effective record of the hiring, training, mentoring improvement, an entrepreneurial spirit, agile and supervision of staff. decision-making and effective management of • Demonstrated appreciation and commitment to stewardship of organizational assets. diversity and talent management.

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 23 CLARKSON UNIVERSITY • CHIEF FINANCIAL OFFICER

To Apply

Review of applications will begin immediately and continue until the position is filled. All inquiries, nominations/referrals and resumes can be sent electronically and in confidence to

Dan Rodas, Partner Gregg Glover, Senior Associate Isaacson, Miller www.imsearch.com/7905

An equal opportunity/affirmative action employer, Clarkson actively seeks and encourages applications from minorities, women and people with disabilities. All offers of employment are subject to the applicant successfully passing a background check (including, but not limited to, employment verification, educational and other credential verification and criminal records).

CHIEF FINANCIAL OFFICER CLARKSON UNIVERSITY | 24