Career Center

Director University Budgets & Planning
6460BR
Finance & Administration
VP Finance & Administration

Detailed Job Description
Summary:
Prepare and maintain RIT's operating budget of over $650M and $195M capital budget . Monitor performance against plan throughout the year and advise Senior Management on projected full-year results. As part of the annual budget preparation, maintain account of Senior Management commitments and prepare advice on how to maintain a balanced permanent budget. Position reports to the Associate VP Budget & Financial Planning Services.

• Prepare the annual $650M+ operating budget for Board of Trustee approval. This includes both the Preliminary Budget at the Spring meeting and the Final Budget at the November meeting. Also, provide leadership in the management of the working budget incorporating one-time funding.
• Review and approval of position requisitions and positions modifications in Oracle HR workflow. This primarily involves making sure the units have sufficient budget funds to support the positions requested and that approving them is consistent with maintaining a balanced budget.
• Provide leadership and oversight for two financial analysts mainly responsible for University's annual NTID Indirect Cost Study, Capital, and Debt Service responsibilities.
• Lead Budget Office review of institution-wide salary adjustments-both merit and market adjustments. Coordinate with HR/Compensation and perform analyses to ensure adjustments are within the budgeted allotments.
• Address budget issues from departments as they arise, regarding use of budget funds, re-allocation of funds, carry-over of unused funds, department organization changes and realignments, etc.
• Monitor RIT's performance against its operating budget, make full year projections, and advise senior management on implications for future budget cycles with regard to maintaining a balanced budget.
• Coordinate annual budget hearings for Senior VP's and Deans to makes presentation to the budget committee.
• Prepare materials for the Board Finance Committee meetings, including: narratives on YTD actuals vs. budget; narratives/charts on both the preliminary and final budget proposals highlighting key assumptions.
• Other duties as assigned
  

Department/College Description
The Office of Budget and Financial Planning Services is an interactive, high profile area within the Finance & Administration Division at RIT. Our primary responsibility is to develop, implement, and monitor the university's operating and capital budgets. The Budget Office also includes units responsible for financial and administrative support of Facilities Management Services, Information Technology Services, working capital portfolio, and Academic Program Review.

Required Minimum Qualifications

• BS Degree in Accounting or related field
• Five to Seven years experience managing sizable budgets, demonstrated analytical capability and supervisory experience

Specialized Skills:

• Knowledge/experience with enterprise G/L systems. Experience with Oracle G/L preferred.
• Proficiency with Excel and attention to detail.
• Ability to provide excellent customer service to University Managers and Senior Administrators, while maintaining RITs commitment to a balanced budget.
• Ability to handle confidential information appropriately.
• Comfort with presenting analysis results to high-level audiences-senior management, Vice-Presidents, Deans, Board of Trustees, etc.
• Knowledge of Fund Accounting
• Ability to independently conceive of analytical approaches to questions raised by Senior Management and propose frameworks to quickly produce actionable information.

Preferred

• Preferred Master's degree in related field (MBA or MS Accounting/Finance)
• Prior experience managing large budgets extremely beneficial. Such experience would be more valuable if: a) it were in a higher education and/or non-for-profit setting, and; b) if it included responsibility for both revenues and expenses.
• Ability to create and experience in using Excel-based multi-year forecasting models incorporating both operating revenues and expenses.
• Prior experience interfacing with senior management.

Preferred Qualifications


Professional Area:
Employment Category: Fulltime
Staff Job Function: Wage Band: 122A

Required Application Documents


How to Apply
In order to be considered for this position, you must apply for it at: http://careers.rit.edu/staff. Click the link for search openings and in the keyword search field, enter the title of the position or the BR number.
The direct link to this posting can be found here: https://sjobs.brassring.com/

Additional Details


Rochester Institute of Technology, the 10th largest private university in the U.S., is among the worlds leading technological universities. Its 18,000 undergraduate and graduate students from all 50 states and more than 100 countries are enrolled in over 200 academic programs, including 7 interdisciplinary Ph.D. programs. A pioneer in experiential education, RIT was the first to offer undergraduate degree programs in biotechnology, information technology, software engineering, and microelectronic engineering. As home to the National Technical Institute for the Deaf, the university offers unparalleled academic opportunities and services for the deaf and hard-of-hearing. Founded in 1829, RIT has 115,000 alumni throughout the United States and around the world. RIT has been named by the Chronicle of Higher Education as one of the