What are the responsibilities and job description for the Director of Budget Administration position at Inside Higher Ed?
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Job Description
Position Title: Director of Budget Administration
Department: Business Operations
Reports To: President of the University
Position Summary: The Director of Administration plays a pivotal role within the University, as the person is responsible for providing essential budget creation, implementation and analysis. This role involves creating, analyzing, and recommending actions on budgets, developing and executing training programs for faculty and staff budget managers; collaborating closely with The Community Solution Education System finance leaders on all related matters. Additionally, the Director shall provide project management across various institutional initiatives, including those associated with the institution’s strategic plan and events. The individual will also play a key role in advising the University President and Cabinet on financial matters, offering insightful analysis that clearly identifies opportunities, challenges, and solutions.
Key Responsibilities
This opportunity is budgeted at $110,000.00 base compensation. Additional compensation factors may impact total compensation. To learn more about our competitive benefits and additional rewards, including generous paid time-off, medical and dental insurance coverage, life and disability insurance, retirement plan with employer contribution, multiple flexible spending accounts, tuition reimbursement, click the link below.
https://www.saybrook.edu/about/careers/
Saybrook University is an Equal Opportunity Employer.
Job Description
Position Title: Director of Budget Administration
Department: Business Operations
Reports To: President of the University
Position Summary: The Director of Administration plays a pivotal role within the University, as the person is responsible for providing essential budget creation, implementation and analysis. This role involves creating, analyzing, and recommending actions on budgets, developing and executing training programs for faculty and staff budget managers; collaborating closely with The Community Solution Education System finance leaders on all related matters. Additionally, the Director shall provide project management across various institutional initiatives, including those associated with the institution’s strategic plan and events. The individual will also play a key role in advising the University President and Cabinet on financial matters, offering insightful analysis that clearly identifies opportunities, challenges, and solutions.
Key Responsibilities
- Budget Management:
- Working closely with The Community Solution Education System finance teams, develop, analyze, and manage the university's budget, ensuring alignment with strategic goals and System priorities.
- Prepare detailed financial reports and forecasts to guide decision-making processes.
- Conduct mid-year reforecasts and adjust financial plans as necessary.
- Identify areas of potential cost savings and efficiency improvements.
- Manage processing of invoices, travel approvals, and other duties related to ensuring good financial performance of the university.
- Project Management:
- In collaboration with the president and cabinet, create appropriate project management plans that tie to performance metrics, including financial health and sustainability.
- Regularly report project status updates to appropriate stakeholder groups.
- Training and Development:
- Design and deliver training programs for faculty and staff budget managers and project leaders.
- Provide ongoing support and education to enhance budget management and project leadership skills.
- Develop resources and tools to assist budget managers and project leaders in effectively managing their budgets.
- Advisory Role:
- Advise the University President and Cabinet on financial matters and project progress, presenting analyses and opportunities for enhancement/improvement.
- Provide actionable recommendations and innovative approaches to both financial and project management.
- Monitor and report on key financial and project progress indicators, keeping the leadership team informed of the university's financial health.
- Strategic Planning:
- Participate in the development and implementation of long-term financial strategies.
- Contribute to the university's strategic planning processes, ensuring financial considerations are integrated.
- Bachelor's degree in finance, Accounting, Business Administration, or a related field (master's preferred).
- Minimum of 5 years of experience in financial and/or project management, preferably within higher education.
- Strong analytical skills with the ability to interpret complex financial data.
- Excellent communication and interpersonal skills, with the ability to train and educate non-financial managers.
- Proven ability to work collaboratively with diverse stakeholders.
- Demonstrated experience in budget creation, analysis, and management.
- Financial Acumen: Excellent understanding of principles and practices related to finance and project management.
- Leadership: Ability to lead and inspire others, fostering a culture of accountability.
- Communication: Strong written and verbal communication skills, capable of conveying complex financial information clearly.
- Problem-solving: Skilled at identifying issues and developing innovative solutions.
This opportunity is budgeted at $110,000.00 base compensation. Additional compensation factors may impact total compensation. To learn more about our competitive benefits and additional rewards, including generous paid time-off, medical and dental insurance coverage, life and disability insurance, retirement plan with employer contribution, multiple flexible spending accounts, tuition reimbursement, click the link below.
https://www.saybrook.edu/about/careers/
Saybrook University is an Equal Opportunity Employer.
Salary : $110,000
