The Director of Budget & Financial Planning (BFP) is primarily responsible for innovative management of the budget and financial planning functions. This individual will work with the Associate Vice President (AVP) for Finance to develop and maintain various budgets.
The Director of BFP proactively recommends, implements, and evaluates strategies and plans to help assure the College attains its financial objectives; develops accurate financial models and projections to support the College's planning, budgeting, and business operations; and assures the College uses accurate and effective financial modeling techniques, tools, and reports. The Director of BFP assists the Vice President for Finance and AVP for Finance in the development of the College's annual operating and capital budgets; assists with providing support materials to the Finance Committee; provides support to the Budget Priorities Committee; and gathers data and provides recommendations to support financial and business operations.
The Director of BFP is expected to handle confidential information in a professional manner, and to work collegially with the campus to manage budget needs.
Primary Responsibilities and Accountabilities
- Effectively manage the budget and financial planning functions to ensure sound financial management and stewardship of institutional resources.
- Lead the College's annual operating and capital budget process which includes working with department managers and chairs, facilitating the work of various committees, and providing analyses as required. Inform department managers and department chairs of proper College budgeting practices and provide guidance to managers as they develop their operating budgets and requests for funding.
- Develop and maintain the College's long range financial planning model.
- Proactively monitor, identify, and communicate relevant regulations, issues, and trends that may impact the College's short and long-range financial plans and its business operations.
- Perform thorough, in-depth, and accurate financial analyses pertaining to College plans, projects, and programs. Regularly review projections to assure they remain valid, revising as necessary. Conduct accurate cost-benefit analyses pertaining to new College programs.
- Use effective financial modeling tools and techniques to predict expenses associated with capital projects. Develop cost projections pertaining to capital projects and initiatives.
- Assist in identifying sources of funding for projects and strategic initiatives.
- Report monthly budget to actual operating results to the AVP for Finance and other key users of the College's financial operating plan.
- Work with the AVP for Finance on various ad hoc analysis and reports.
- Complete surveys and reports as requested.
- Assist in monitoring key performance indicators (KPIs) as defined by the College Strategic Plan.
- Maintain consistent and reliable attendance.
- Work collaboratively with the Finance team to research issues, gather data, analyze information, and prepare projections, reports, and recommendations.
- Complete assignments and manage projects as assigned by the AVP for Finance.
- Create and disseminate financial and budget reports as needed.
- Participate in on-going professional development activities and stay abreast of best-practices and developments in the field.
Note: Related job duties, in addition to those listed above, may be required. The College may modify job duties at its discretion.
Full-time members of the Franklin & Marshall College professional staff receive competitive starting pay and a comprehensive benefits package that includes health coverage, dental, vision, generous retirement savings plan contributions, education benefits for employees, spouses and dependent children, and enjoy access to all College facilities including dining venues to suit all tastes, recreation and fitness facilities, and libraries, plus access to College performances, lectures, and events.