Budget Office Director

Director of the Budget Office

As a community, the University of Rochester is defined by a deep commitment to Meliora - Ever Better. Embedded in that ideal are the values we share : equity, leadership, integrity, openness, respect, and accountability. Together, we will set the highest standards for how we treat each other to ensure our community is welcoming to all and is a place where all can thrive.

Job Location : Remote Work - New York

Opening : Regular

Time Type : Full time

Scheduled Weekly Hours : 40

Department : 100130 Office of Budgets and Planning

Work Shift : UR - Day (United States of America)

Range : UR URG 117

Compensation Range : $122,044.00 - $183,065.00

Responsibilities

General Purpose : The University of Rochester is inviting applications for the Director of the Budget Office role. With a total operating budget of approximately $8 billion, significant capital investments across the Academic and Medical missions, and the role's deep involvement in the University's endowment this is an exciting and critical role for the University.

Essential Functions

• Oversees the formulation and development of the University Operating and Capital Budgets.
• Ensures the accuracy of the consolidated annual budget through development and final load.
• This includes development of planning guidelines for divisional and University budgets, review and analysis of all budget submissions in preparation for senior leadership meetings.
• Ensures communication and coordination with appropriate UR Teams (University IT, Divisional Finance Leaders, Controller's office and all other key stakeholders).
• Manage the annual cycle of financial planning and budgeting for University Benefits.
• Develops the annual benefits rate for Federal Research Awards.
• Develops timeline for annual budget cycle for all components of University benefits.
• Coordinates with Office of Total Rewards to construct annual benefits budget.
• Monitors monthly trends in actual benefits expense, forecasts and reports annual benefits expense and impacts on future year's projections to Senior Leaders.
• Coordinates with Controller's office to manage benefit accounting, including reclassifications and journal entries.
• Assembles final budget documents and schedules for presentation to the Board of Trustees.
• Implements the budget when Board approval has been given.
• Monitors monthly revenue and expenditure reports.
• Confers with divisional budget personnel regarding expenditure control and alerts leadership concerning situations requiring special attention and action.
• Corrects accounting errors or anomalies.
• Work with divisional staff to develop recommendations for the improvement of divisional financial performance.
• Formulates and implement budget policies, procedures and standards, obtaining approval of higher management as necessary.
• Assists with overall supervision of the Capital Budget and Divisional Operating Budget processes.
• Serves as Budget Director for Division 10.
• Responsible for communication and coordination with each department to develop the detailed annual budgets, identify incremental resource needs and budget reduction opportunities and ensure monthly budget accuracy.
• Develops annual central allocations including communication of the metric and methodology to key stakeholders.
• Reports on monthly variances of central allocations.
• Works with divisions, departments and senior management of financial projections, provides budget data for cost benefit analysis, conducts comparative cost studies and other special projects / analysis as requested.
• Conducts continual in-depth research and analysis on financial, organizational, and budget issues and initiatives to provide senior leadership with information and recommendations to increase transparency and efficiency.
• Supervises professional and clerical staff.
• This includes training and development of the team.

Other duties as assigned

Minimum Education & Experience

Knowledge, Skills and Abilities

Licenses and Certifications

The University of Rochester is committed to fostering, cultivating, and preserving an inclusive and welcoming culture to advance the University's Mission to Learn, Discover, Heal, Create and Make the World Ever Better. In support of our values and those of our society, the University is committed to not discriminating on the basis of age, color, disability, ethnicity, gender identity or expression, genetic information, marital status, military / veteran status, national origin, race, religion, creed, sex, sexual orientation, citizenship status, or any other characteristic protected by federal, state, or local law (Protected Characteristics). This commitment extends to non-discrimination in the administration of our policies, admissions, employment, access, and recruitment of candidates, for all persons consistent with our values and based on applicable law.