Director of Budget & Planning

Apply/Register Job no: 496319
Work type: Staff Full-time
Department: Business Affairs
Location: Wilf Campus, 500 West 185th Street, NY, NY
Categories: Accounting/Finance, Data Analytics/ Reporting

Position Summary:

The Director of Budget & Business Administration is responsible for finance and business services including the development/planning and administration of all aspects of the University’s budget and management reporting. The position reports to the Chief Financial Officer and Vice President for Business Affairs and informs other senior leadership and University governance on a frequent basis. Role as the director of budget and business administration is responsible for the development of the University’s consolidated operating and capital budgets, and includes the development and maintenance of budget policies and procedures, budget/financial operating and managerial reporting at the divisional and aggregate levels, the implementation and maintenance of financial planning and budget systems, and training of budget managers throughout the University. Oversight of financial systems includes Business Intelligence/reporting development, Banner finance interfaces such as HR/Position Control, and the operating finance subledger systems/applications. The position collaborates with the University Controller to round out the CFO/VP’s team and is key to strategic planning and development and financial operations.

Position Responsibilities: 

Core Responsibilities:

  • Annual Budget Development –Responsible for the development and compilation of the annual operating budget. Working with the Office of the Provost, Enrollment Services, and the various Deans’ Offices, the position develops various enrollment projections and related revenues forecast. The position prepares special analyses/reports to facilitate the budget development process and prepares budget schedules, including narratives and other budget presentation materials and provides support to all University budget constituencies.
  • Financial Systems and Reporting
    • Oversees the financial systems operation and designs, implements and maintains budget databases utilized for budget development, forecasting, and reporting. Also responsible for the development of budget reports and forecasts using the budget database and highly specialized query products.
    • Oversight of Banner finance system interfaces including with HR/Position Control.
    • Position Control –Supervises budget operations in maintaining the systems, databases, policies, and procedures that ensure budgetary control of the University’s personnel budgets. This includes maintaining labor distribution assignments, budget transfers for all personnel appointment and change requests, analyzing and correcting suspense account entries, reconciling subsidiary systems to the general ledger, and preparing reports and analyses on personnel costs and savings.
  • Forecasting and Analysis –Oversees development of revenue and expense forecasts and monitoring of performance. The director oversees budget and actual adjustments to address potential and actual overages and maintains close relationships with budget center managers to ensure budgetary control. Specific responsibilities include:
    • Develops monthly revenue and expense projections
    • Monitors, analyzes and reports on variances between actual results and budget
    • Prepares periodic management discussion and analyses (MD&A)
    • Develops fringe benefits rates
    • Develops university intramural overhead allocation methodologies
    • Identifies cost saving opportunities
    • Prepares fiscal impact analyses of program and departmental initiatives
  • Financial Administration –Develops and maintains budget and business process policies, internal budgetary controls, and reporting mechanisms.
  • Communications and Training –Maintains ongoing communication with budget center managers regarding actual results of operations, projections of annual results, variances from budgets, new or discontinued activities, or any other financial concerns.
Experience & Education Background:
  • Bachelor’s degree, preferably in accounting
  • Seven to ten years of relevant accounting, financial, budget and/or systems experience
  • Excellent accounting, analytical, organizational, and communication skills
  • Ability to work effectively in a fast-paced environment
  • A CPA or an MBA, as well as experience in higher education or nonprofit accounting, is preferred
About Us:

Founded in 1886, Yeshiva University (YU) has a strong tradition of combining Jewish scholarship with academic excellence and achievement in the liberal arts, sciences, medicine, law, business, social work, Jewish studies, education, psychology, and more.

We are a leading global educational institution that employs 2,000 people across our various campus locations -- Wilf Campus, Beren Campus, Brookdale Center, Resnick Campus in the Bronx, the Gruss Institute in Jerusalem, the Boys High School in Manhattan and the Girls High School in Queens. From the distinguished faculty who teach here, to the dedicated staff, we work to fulfill our mission through all that we teach, by all that we do and for all those we serve. We seek to attract and retain engaged and committed individuals who contribute to an exciting working environment, where there is a sense of community and belonging, balanced with a significant cross section of people from diverse backgrounds working and studying together.

The University offers an excellent compensation package, and a broad range of employee benefit plans, including immediate participation in the University’s retirement plan. Staff members are typically eligible for four weeks paid vacation each year and have access to a shuttle to nearby subway locations.

Equal Employment Opportunity: Yeshiva University is an equal opportunity employer committed to hiring minorities, women, individuals with disabilities and protected veterans.

 

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