Director, Financial Planning and Analysis - Maryland Institute College of Art : Job Details

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Job Title: Director, Financial Planning & Analysis

Department: Finance

FLSA Status: Exempt

Reports to: Executive VP for Finance & Administration & CFO

Work Schedule: 35 hours/week; 12 months/year

Union: N/A

Grade Level: 10

Salary Range: $91,400 - $118,700

General purpose: The Director of Financial Planning & Analysis leads the formulation and management of the Colleges annual budget, periodic forecasts, and crafts a comprehensive financial planning strategy aligned with the institution's mission and priorities. This position serves as part of the senior fiscal affairs team on all budgetary, forecasting, financial planning and analyses matters. Major role functions are Budget Analysis and reporting, budget management and development, financial planning and compliance and training.

Summary of Essential Functions

• Oversee and direct operational reporting, budgeting, and preparation and review of the institutional, divisional and departmental budgets, including analysis of revenues and expenditures.

• Foster collaborative relationships with Senior College Leadership and other stakeholders to facilitate the creation of both short-term and long-term financial plans throughout the organization.

• Conduct intricate financial analyses, acts as a consultant in shaping budget and financial planning policies, and implements industry best practices in these processes.

• Establish an analytics team tasked with designing, developing, and implementing predictive analytics, utilizing business intelligence reports and dashboards.

• Serve as a resource to guide decision-makers within the College and effectively convey analytical and longitudinal insights to both internal and external audiences.

Essential Duties & Responsibilities:

Strategic Financial Planning:

• Develops and communicates the vision for an annual and forward-year budget and financial planning process based on realistic revenue and expenditure assumptions; prioritizing the alignment of allocation decisions with strategic goals and priorities.

• Creates a framework for collecting, analyzing, and reporting short-term and long-term resource requirements and related decision support information.

• Designs financial models responsive to new information or financial circumstances, overseeing ongoing modeling and projections for College revenues and expenses.

• Assesses potential business relationships with external parties to optimize the Colleges financial and programmatic benefits.

• Identifies opportunities for revenue enhancement and establishes targets for cost savings, resource reallocation, or realignment.

• Develops presentations and leadership discussion points for the quarterly Finance Committee meetings of the Board of Trustees.

Operational Excellence:

• Develops and maintains budget and financial planning policies and procedures that will support the maximization of resources for the College.

• Implements, ensures oversight, and continually improves budget and planning information systems and ensures training for budget staff throughout the College.

• Analyzes and recommends refinements of business plans for auxiliary enterprise units and internal service organizations.

• Develops analytical methodologies appropriate to the unique operations of a major athletics program.

• Serves as a consultant to College leadership to assist in both the preparation of budget requests and the regular review of school and/or department resource activity.

• Ensures continual monitoring and maintenance of operating and capital budgets and the cost allocation model.

• Plays a key role in data reporting and visualization; data management and quality; and business intelligence training, education, and promotion for Finance & Administration.

• Conducts data quality assessments by identifying discrepancies, errors, and inconsistencies within datasets for dashboards, data models, research projects, or statistical modeling.

• Monitors the current the Colleges financial position, develops and recommends appropriate corrective action when necessary, and the administration informed regarding financial matters by providing regular budgetary financial reports.

Collaborative Leadership:

• Determines training requirements for campus personnel engaged in budget formulation and execution and designs/delivers programs.

• Guides the departments within the division of Finance & Administration with annual budget development and management.

• Acts as a liaison and consultant to college, school, and department associates to coordinate academic budgets, and resource planning, and provide budget versus actual reporting to the EVP/CFO, Provost, and other College partners.

• Works closely with the Controller in developing the GAAP forecast and quarterly preparation of the budget and actual financial results presentations to the Board of Trustees.

• Partners with Human Resources colleagues on forecasting impacts of College merit and market adjustments, fringe benefits expense and annual salary administration process.

• Collaborates with data stewards, data custodians, and other stakeholders to resolve data quality issues and implement preventive measures.

• Provide high level advice and budget assistance to VPs, Deans, and/or Chair level positions. Provide budgetary support to budget managers including organizing, planning, implementation and direction of activities related to the formation and management of all budgets.

• Integrate and execute the operating budget within the College into financial systems including Workday and other systems.

• Responsible for maintaining position control and reporting of related information.

• Perform other related duties as assigned.

Knowledge, Skills, and Abilities

• Exceptional quantitative, analytical, and financial modeling skills.

• Ability to present complex financial information to various audiences, including faculty, senior administrators, and trustees, in a manner easily understood by non-financial professionals.

• Ability to relate and build strong relationships with individuals from diverse communities and cultures at all organizational levels.

• Excellent written communication skills as demonstrated by application materials, as well as excellent verbal communication skills.

• Strong interpersonal skills to facilitate communication among a variety of groups and to develop and maintain high standards of customer service.

• Ability to use sound judgment and base decisions and recommendations on risk assessments aligned with risk tolerances.

• Ability to work in an environment that requires working independently and on a team.

• Advanced ability to utilize computer software for specific requirements.

• Excellent problem-solving skills.

• Ability to multi-task.

• Ability to evaluate processes to establish and maintain appropriate accountability structures and strong internal control elements.

• Demonstrate negotiation skills.

• Client services oriented; good listening, critical thinking and analytical skills.

Minimum qualifications:

• Bachelor's degree in accounting, finance, economics, business administration or a related field.

• Progressive experience developing and administering large, complex budgets, financial planning and forecasting.

• Proven experience and proficiency with predictive budget modeling and revenue forecasting methods.

• Record of success in building or integrating major financial management systems with the organization's budget and financial planning processes.

• Experience building analytical models to support short and long range decision making and in the preparation.

Preferred Qualifications:

• Master's degree in accounting, finance, business administration, or economics or a related field.

• Experience in financial management in a non-profit organization/college environment that receives sponsored projects from federal, state and foundations.

• Extensive knowledge of financial policies, practices and systems; budgeting and reporting techniques; fund accounting.

• Experience with Workday.

Reporting to this position: none

Conditions of Employment:

• Full Satisfactory Background Check results.

Physical demands and work environment: The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Physical Demands: While performing the duties of job, the employee is occasionally required to stand, walk; sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; balance; stoop; talk or hear. The employee must occasionally lift up to (amt) pounds. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus. (may be adjusted depending on position)

• Work environment: While performing the duties of the job, the employee is exposed to weather conditions prevalent at the time. The noise level in the work environment is usually (minimal, moderate, or high).

• Required training: Handbook orientation, Anti-Harassment, Hazard Communication, Emergency Plans & Fire Prevention, Personal Protection Equipment. (additional training may be added, SEE: EHS Manager training schedule)

Maryland Institute College of Art is committed to its policy of providing equal opportunity regardless of race, color, creed, national origin, religion, gender, sexual orientation, marital status, age, disability, or veteran status (disabled, Vietnam-era, or otherwise). Furthermore, the College does not tolerate any form of sex discrimination, including sexual harassment or sexual violence. This policy applies to all programs, facilities, and activities provided by Maryland Institute College of Art, including but not limited to admission, educational programs, and employment.

Applicants must apply online for each job in which they are interested. You will not be considered for any job for which you have not specifically applied. We do not accept applications via email, U.S. mail, or fax. Successful candidates for any staff or faculty positions will be subject to a pre-employment background check.

MICA provides reasonable accommodations to applicants with disabilities on a case-by-case basis. If you need a reasonable accommodation for any part of the application and hiring process, please contact Human Resources at 410-###-####.