D AVID A. G AR AF OL A
Senior level finance & operations executive who serves as a catalyst for strategic innovation and sustainable business transformation Senior university business officer with experience providing leadership and oversight for the overall finances, resource planning & budget, internal controls, student financial services, enterprise risk management, shared services, facilities management and campus safety in higher education settings. Demonstrated ability to conceptualize vision, create added value, allocate resources and motivate people toward action. Implements best practices and converts vision into tangible results. Successful developing plans to build and operate housing, academic facilities, arenas, and hotels around campus. Expertise in financial management within a complex organization, innovative leader of positive change in education with a strong commitment to diversity and inclusion. Thrives being transparent within a shared governance culture.
Strategic Planning - Performance Excellence - Treasury Leadership - International Business Real Estate & Facilities - Change Management – ERP, CRM, eCommerce - Negotiations - Procurement Housing & Apartment Operations - Continuous Improvement - Employee Relations Turnarounds - Financial Analysis & P/L Management - HR & OD Leadership - Accreditation Channel Marketing - Board Level Presentations - Lean Methodology - Resource Planning PROFESSIONAL EXPERIENCE
Parker University – Dallas, TX 2011 – September 2018 VICE PRESIDENT OF BUSINESS AFFAIRS AND CFO
Assumed financial leadership of a turnaround situation, advancing an institutional transformation from a Chiropractic College to a comprehensive Health Sciences University. Responsible for Finance, Treasury, Resource Planning, Information Technology, Marketing, Financial Aid, Procurement, Safety and Security, Risk Management, Real Estate, and Facilities Management & Construction.
• Provided financial guidance supporting strategy allowing for a 2012 reaffirmation of SACS accreditation and implemented new strategic planning model to facilitate turnaround.
• Conducted root-cause analysis of an inherited $1 million operating performance deficit; designed and implemented business process reengineering/continuous improvement plan. Realized a 12-month financial restructuring of over $2.1 million or a 5% operating surplus with additional contingency funding to allow for the addition of new academic programs.
• Implemented strategic plan to expand 12 new degree programs and formalized sources of sales and marketing structures. Restructured marketing funnel pipeline increasing student headcount by 85% over a four-year period. Over a six-year period, revenues have increased from $32 to $50 million and operating contribution margins were 125% over the Board’s original annual targeted goals.
• Developed facilities master plan and executed campus improvements including new construction, acquiring real estate assets, merging the campus footprint with community, and a series of aesthetic improvements in the Admissions/Enrollment facilities. Saint Louis University – St. Louis, MO 2010 - 2011 INDEPENDENT CONSULTANT
Provided leadership in the development and implementation of a new international campus in Mumbai, India as part of a strategic global initiative by the University. D AVID A. G AR AF OL A 214-***-**** firstname.lastname@example.org PAGE 2 Webster University – St. Louis, MO 1998 – 2010
Vice President for Finance and Administration and Treasurer Served as Chief Business Officer of an international university that advanced from a single campus of 3500 students with a $55 million operating budget - to a university of 24,000 students and a $240 million operating budget (a 258% increase), with 110 locations in 23 states and 8 international campuses over a twelve-year period.
• Financial enhancement took an unrated entity, presented it to multiple credit rating agencies, and achieved two upgrades obtaining a Moody’s A3 and a Fitch A rating in 2010.
• Structured financings of over $600 million in turnkey projects developing capital strategies utilizing taxable and tax-exempt bond financing, use of tax credit programs, and several commercial loans in Europe and a securitized business entity in Asia.
• Innovative loan program generated approximately $130 million in investment funds and was utilized for endowment generating scholarships leveraging tuition revenue. Resale of student loans from this financing program generated an additional $5 million in annual cash back.
• Assumed a leadership role in the feasibility analysis, negotiation property transfer from the GSA and selection of the development team for the restoration of the historically significant “Old Post Office and Custom House: recognized as key to the revitalization of downtown St. Louis. College of Notre Dame of Maryland, Baltimore, MD 1993 – 1998 Vice President of Financial Affairs and Treasurer
Led financial turnaround of a regional college with responsibilities that included Finance, Treasury, Risk Management, Legal, Human Resources, IT, Facilities/Construction and Public Safety.
• Created a Facilities Campus Master Plan for physical growth and expanded science building into a renovated, state-of-art $22 million health science/technology facility. Towson University, Baltimore, MD 1980 – 1993
Associate Vice President for Auxiliary Enterprises (1986 – 1993) Responsible for operational P/L of business enterprises that included Apartment Housing, Hotel/Conference Center, Retail Food sites, Retail Stores, University Club, Transportation, and Stadium and Arena management.
Director of Budget, Contract Administration (1984 – 1986) Directed budgetary resource planning, revenue and service contract procurement, capital asset planning and fiscal oversight of facility renovations and construction. Business Manager - Campus Operations, Facilities & Capital Construction (1980 – 1984) EDUCATION
Master of Business Administration University of Baltimore Baltimore, MD Bachelor of Science, Business Administration/Finance Salisbury University Salisbury, MD AFFILIATIONS & CERTIFICATION
National Association of College and University Business Officers (NACUBO); Association of Corporate Growth (ACG), Financial Executives Networking Group (FENG); Higher Learning Commission Accreditation Assessment; and LEAN to Continuous Improvement Certificate Program - Institute for Education Management - Harvard Graduate School of Education