June 5, 2023


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Bailey is new vp for finance at Luther

Luther University President Jenifer K. Ward has introduced the appointment of Andrew N. Bailey as vice president for finance and administration at Luther University. 

A Luther Higher education alumnus, Bailey started off his vocation in accounting throughout his pupil many years. He was hired as a team accountant upon his graduation from Luther, and grew into roles of expanding obligation in the college’s Workplace of Money Services. Bailey has most a short while ago served as affiliate vice president for finance.

Bailey’s appointment, powerful as of Jan. 1, 2021, concludes an substantial countrywide search for this important part at the college or university. As vice president for finance and administration, Bailey will provide as Luther’s main fiscal officer, responsible for top and directing economical planning and accounting methods as well as the college’s interactions with lending institutions, contractors, and the economic neighborhood. Bailey will serve as the fiscal management officer and advisor to the president on the administrative guidance functions of the higher education.”I know I will have a spouse with a deep awareness of the complexities of better instruction finance and how it intersects with just about every space of Luther College, as nicely as an appreciation for the guarantee of a liberal arts education. I am psyched to see the approaches in which Andrew will switch his regular and strategic eye towards the sustainable upcoming of the higher education that educated him,” claimed President Ward.Reporting immediately to the president, Bailey will work intently with the other associates of the cupboard and will be dependable for the supervision of economic companies, human assets (like Title IX), details technology solutions, services, eating products and services, and the Luther Guide Store.

 “My encounters as a Luther student taught me that my long run was in mission-pushed finance operate and that I thrive when contributing to the shared goals of a near-knit neighborhood,” said Bailey. “My career has affirmed those people lessons, and I am honored and fired up to elevate my company to the establishment I credit history for my possess transformation.”

At just about every stage of his profession at Luther, Bailey has done initiatives to boost operational efficiencies and accomplish mission-pushed objectives. 

“During my preliminary weeks as Luther’s president, I noticed Andrew in action talking to our sophomore pupils about their upcoming measures. From his vantage level in Monetary Services, Andrew has always recognized that retention and support of our students is a shared accountability at Luther School,” explained President Ward. 

Most lately, Bailey has performed a important position in navigating the effects of the COVID-19 pandemic on the university finances. 

“Luther College is at this time in a time of problem and disruption, and that implies Luther University is presently in a time of opportunity. In the course of this time of creativeness and probable, I am enthusiastic to facilitate the alignment of fiscal and strategic options that handle limited-expression issues and aid the prolonged-expression monetary sustainability of the college,” Bailey explained.

Bailey has been involved with university student daily life, retention, and properly-becoming by many specific tasks and committees. He has chaired the Invigorate Operate Study Committee since 2019, which has resulted in alterations to the college’s function analyze software to foster larger pupil expansion and improvement as learners get paid cash for their scientific tests and contribute to the college’s functions. During his initially many years in accounting at Luther, Bailey applied an institutional obtain card method.

As Luther’s grants and distinctive jobs accountant, he designed fiscal styles that enabled the addition of a 280 kW photo voltaic array and a 1.6 MW wind turbine at the school, significant measures towards acquiring Luther’s formidable sustainability aims. As senior accountant, Bailey crafted a five-12 months finances product that initiatives long term operating budgets based mostly on historical traits, contracted provider agreements, and future options. As assistant controller, he aided renegotiate a important contract for eating services, accomplishing important expense price savings for the higher education. Bailey holds a Bachelor of Arts in accounting from Luther School and is a Licensed Public Accountant. Bailey succeeds Interim Vice President Ken Westphal and Vice President Eric Runestad, who served in the job from 2015 to 2020.