Reporting to the University Budget Director and working closely with the Vice President for Finance and Administration, the Assistant Budget Director for Financial Planning will provide leadership for all aspects of the University's financial planning and revenue forecasting. Other departmental responsibilities include but are not limited to:
Perform Complex Budget and Financial Analysis: Demonstrated ability to extract, research, investigate, analyze, reconcile, and evaluate data. Prepare financial projections identifying the impact of legislative actions and internal policy decisions. Analyze data to ensure consistent application of financial policies and procedures. Develop and initiate recommendations for procedures to address University priorities and enhance operations.
Revenue Forecasting: Assist with the university's revenue forecasting model. Prepares and interprets complex budget and financial analysis; interprets legislative actions; exercises considerable judgment in preparing executive summaries and decision briefs; serves as a resource in resolving complex problems; and ensures consistent application of financial policies and procedures.
Report Monitoring: Review, analyze, and monitor revenue and expenditures as needed to ensure within expected levels. Make recommendations when budget adjustments may be necessary. Monitor external appropriations and allotments, and maintain the University's external operating plan. Prepare all appropriation adjustment requests as necessary for review. Identify potential issues and initiate corrective action to ensure accurate and appropriate reporting.
Financial Planning and Benchmarking: Formulate internal six-year financial plans to meet institutionally derived objectives for the Educational and General program, sponsored programs, auxiliary enterprises, and financial aid. Maintain a comprehensive understanding of base budget adequacy with the capability to produce scenarios and analyses. Analyze various financial information, such as cost of education; general fund per student; fund split; enrollment; base adequacy; legal authorities; debt ratio; tuition and fees and personnel and non-personnel services operating costs for Radford University and other peer institutions. Maintain an annual salary analysis of benchmark institutions and report on progress toward achieving the 60th percentile of the benchmark group. Benchmark tuition and fees against Virginia and SCHEV peers.
Legislative Analysis: Facilitates an accurate understanding by the University of the effect of state legislation by preparing reports and presentations summarizing the fiscal and policy impacts of the Governor's proposed budget on the University; writing budget amendment proposals; analyzing and reporting the impact of legislation pending in the General Assembly; and summarizing the results of the General Assembly for review by University leadership. Keep abreast of trends and developments in the field of higher education. Share relevant information with the administration as appropriate.
Special Projects: Prepare special projects and analyses as requested. Demonstrate strong written and verbal communication skills. Perform other duties as assigned.
The successful candidate will have demonstrated experience developing and managing budgets for a large-scale organization. Required skills include: proficient knowledge of budget, planning, and forecasting methodologies, ability to conduct complex financial analyses and prepare relevant reports for management; ability to plan, direct, and oversee budget development processes; ability to prepare comprehensive evaluations of budget requests and their justifications, coordinate budget formulation with agency objectives and negotiate problem areas; ability to communicate professionally through oral, written, and interpersonal communications; experience working in and extracting data from an automated financial accounting system (such as Banner); knowledge of or capacity to learn the Commonwealth's Performance Budgeting System, Cognos Query Studio, and Internet Native Banner, proficiency with MS Excel, Access, PowerPoint, and Word ability to work in a fast-paced environment, adapt to and facilitate change, and to work independently or as part of a team; ability to plan, implement and direct projects and programs affecting areas of responsibility. Must have an advanced degree in Business Administration or related field, or training and work experience at a level, which equates to an advanced degree.
Preference given for a Master's degree with experience in higher education finance or related field involving budget or financial analyses; familiarity with public policies affecting state colleges and universities; understanding of Virginia's legislative process; and experience in preparing financial forecasts in large complex organizations utilizing an ERP system such as Banner.
Work Location: Radford
Posting Number: AP00111P
Position Number: FA3670
Department: Budget & Financial Planning-20108
Application Review Date: 09/19/2019
Internal Number: 7743
About Radford University
Radford University serves the Commonwealth of Virginia and the nation through a wide range of academic, cultural, human service and research programs. Radford University is committed to creating and supporting a highly productive, diverse and qualified workforce. As one of the largest employers in the region, Radford University seeks employees who support teaching, research and the public service mission of the university.