Director of Finance and Budget; Queens

Position: Director of Finance and Budget (Queens)
Director of Finance and Budget (Queens)

Job no: 494233
Work type: Staff Full-Time
Location: Elon - Charlotte Campus
Categories: Finance, University Administration

Title: Director of Finance and Budget (Queens)

Position Type: Staff Full-Time

Days Per Week: Monday - Friday

Hours Per Week: 40

VP Area: Finance and Administration

Department: Business and Finance

Location: Elon - Charlotte Campus

Position Summary

Serves as a key leader and advisor on budgeting and cash management for the university. Leads the coordination of the annual budget process with many constituents including the University Budget Committee and budget managers. Ensures the university's working capital is managed to provide for proper cash flow and return on cash balances.

Benefits of Working at Elon

As an Elon University employee, you'll join an internationally acclaimed university with a commitment to fostering a thriving community. Ranked among the most innovative, creative and best-run universities in the nation, Elon's personal approach to education extends to employees, whose growth, professional development and success is a hallmark of our training and advancement opportunities.

Employees at Elon enjoy a generous and comprehensive benefits package that includes:

28 annual days off, including holidays and vacation.

Immediate tuition remission for undergraduate courses

Tuition remission for approved graduate-level courses after 12 months of employment.

Retirement plan with an 8 percent contribution from the university.

Immediate eligibility for health, dental and vision insurance.

Free admission to musical and theater performances, guest speakers, religious and ethnic observances, recitals, art exhibitions.

Eligibility for tuition remission at Elon for spouses, qualifying domestic partners and dependents begins at two years of service. After two years of employment, eligibility begins for participation in the Tuition Exchange, a national scholarship exchange program that enables dependents to enroll in nationally recognized partner colleges and universities.

Elon values and celebrates the diverse backgrounds, cultures, experiences and perspectives of our community members. As an equal opportunity employer, Elon's principles of diversity extend to race and gender identity, age, disability status, veteran status, sexual orientation, religion, and other aspects of one's identity. At Elon, our employees respect human differences, passion for lifelong learning, emphasis on personal integrity and an ethic of service.

Minimum Required Education and Experience

A bachelor's degree in Accounting or related field

Preferred Education and Experience

A MA or MBA degree from an accredited college or university is preferred. Other preferred credentials include holding a CPA license.

Higher Education experience is preferred.

Knowledge, Skills, and Abilities

Strong knowledge Microsoft Word, PowerPoint, Excel, Outlook, SharePoint and Teams is required.

Strong analytical and organization skills. Must have the ability to analyze information and form conclusions.

Ability to manage multiple priorities

Develop collaborative relationships across the university

Job Duties

• Budget Process for Queens
  
  Location:
  • Coordinate process for budget manager requests for operations, positions and capital Maintains the university budget model Attends University Budget Committee meetings and provides budget analysis to the Committee. Assists the AVP and VP for Finance and Administration with tuition, FFTE and discount rate analysis. Maintains capital planning spreadsheet for forecasting capital projects and funding Participates in monthly capital planning meetings with University Architect, AVP and VP for Finance and Administration.
• Forecasting and scenario analysis:
  • Maintains the university forecasting tool Develops financial scenarios to assist with projecting capital project financing Determines debt capacity and impact on debt service coverage ratio Prepares analysis of projected Year End Balance results. Works with Elon university external financial advisor to develop financing scenarios.
• Preparation of Presentations:
  • Prepares presentations for Board of Trustees, and related Committees Develops presentations for the university budget forums Develops ad hoc analysis and presentations for Vice President for Finance and Administration.
• Oversight of Management of university working capital:
  • Monitor cash balances to support operations Provide cash forecasting to external funds manager for cash flow needs Supervises reconciliation of university bank accounts Maintains bank relationships and updates required information as needed Maintains internal control policies over cash management.
• Oversight of Endowment Reporting:
  • Ensure accurate financial reporting of the university's endowment Review endowment reconciliations and journal entries Oversee the NACUBO endowment survey.
• Oversight of Year End Balance Analysis:
  • Prepare analysis of university budget surplus Work with constituents across campus for analysis of spending…