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Wake Forest University

Location: Winston-SalemNC 27109 Document ID: A9024-38MA Posted on: 2015-01-1601/16/2015 Job Type: Regular

Job Schedule:Full-time
Minimum Education: Masters2015-02-15
 

Asst. Vice President, Budget & Financial Planning

** A cover letter is required with application. **

Summary:  Responsible for leading the development and administration of the University’s budget and for creating a long-range financial planning process that correlates with the University’s strategic plan. Provides complex financial analyses, serves as an advisor on the development and implementation of budget and financial planning policy, and institutes best practices for budget and financial planning processes.   Establishes effective, collaborative relationships with senior officers of the University and other constituents to support the development of short-term and long-term financial plans at all levels of the organization.

Essential Functions:

Strategic Financial Planning:

  • Develops a budgeting and financial planning organization focused on aligning allocation decisions with strategic goals and priorities.
  • Develops and communicates the vision for an annual and forward year budget and financial planning process based on realistic revenue and expenditure assumptions.
  • Creates a framework for collecting, analyzing and reporting short-term and long-term resource requirements and related decision support information.
  • Designs a portfolio of concise yet comprehensive management reports intended to advise senior leadership about important aspects of financial activity.
  • Analyzes potential business relationships with third parties that involve University-owned real estate to optimize the University’s financial/programmatic benefits.
  • Identifies opportunities for revenue enhancement and targets for cost savings/resource reallocation/realignment.
  • Evaluates potential changes to the financial and budget structure and makes phasing strategy recommendations to the SVP/CFO to accomplish restructuring goals.
  • Advises the SVP/CFO on a wide range of financial issues, including tuition, enrollments, faculty and staff compensation, staffing and workload, utilities, perceived problems with resource management issues in University units, budget trends and the implications of those trends on University operations, etc.
  • Responsible for the planning, development, and administration of the University’s long-range capital plan; recommends strategy and vision to university senior leadership.

Operational Excellence:

  • Develops and maintains budget and financial planning policies and procedures that will support the maximization of resources for the University.
  • Implements, ensures oversight, and continually improves budget and planning information systems and ensures training for budget staff throughout the University.
  • Analyzes and recommends refinements of business plans for auxiliary enterprise units and internal service organizations.
  • Develops analytical methodologies appropriate to the unique operations of a major athletics program.
  • Serves as consultant to University leadership to assist in both the preparation of budget requests and the regular review of school and/or department resource activity.
  • Ensures continual monitoring and maintenance of operating and capital budgets and the cost allocation model.

Collaborative Leadership:

  • Determines training requirements for campus personnel engaged in budget formulation and execution and designs/delivers programs.
  • Assists the Office of Institutional Research in identifying and reporting comparative information that is essential to analyze and benchmark University resources and financial performance.
  • Guides the departments within the division of Finance & Administration with annual budget development and management.
  • Develops, communicates and launches the annual capital budget in conjunction with the Controller and Facilities Department.

Required Education, Knowledge, Skills, Abilities:

  • Master’s degree in a business-related field such as accounting, economics, or finance and a minimum of ten years of progressively responsible experience as a budget officer, preferably in higher education.
  • Exceptional quantitative, analytical, and financial modeling skills.
  • Record of success in building or integrating major financial management systems with the budget and financial planning processes of the organization.
  • Comprehensive knowledge of predictive budget modeling and revenue forecasting methods.
  • Ability to present complex financial information to various audiences, including faculty, senior administrators, and trustees in a manner easily understood by non-financial professionals.
  • Ability to relate and build strong relationships with individuals from diverse communities and cultures at all levels within the organization.

Accountabilities:

  • Supervises staff including scheduling and assigning work, reviewing performance, recommending salary increases, promotions or discharges.

Note:  This position profile identifies the key responsibilities and expectations for performance. It cannot encompass all specific job tasks that an employee may be required to perform. Employees are required to follow any other job-related instructions and perform job-related duties as may be reasonably assigned by his/her supervisor.

 In order to provide a safe and productive learning and living community, Wake Forest University conducts background investigations and drug screens for all final staff candidates being considered for employment.

 Wake Forest seeks to recruit and retain a diverse workforce, and encourages qualified candidates across all group demographics to apply.

Applications accepted online only at: https://wake-hr.silkroad.com/epostings/index.cfm?fuseaction=app.jobinfo&jobid=1838&company_id=16141&version=1&source=ONLINE&jobOwner=992554&aid=1