Associate Director, Budget & Financial Modeling
The Office of Budget and Financial Administration at the University of Illinois at Chicago seeks an Associate Director, Budget and Financial Modeling. This position is the primary Budget Office staff member responsible for leading the effort to develop, refine and implement analytical models to support sound financial decision making by campus for University executive leadership (Chancellor, Vice Chancellors, Provost, etc.).
Operating Budget development and monitoring
- Assist in the development and implementation of the University's annual operating budget with a particular focus on the university income fund and State General Revenue Fund.
- Develop, maintain and update/revise the revenue distribution model used within the Responsibility Center Management budget model at UIC as modifications are made and or financial policies changed.
- Work with assigned colleges and Vice Chancellor units to prepare and evaluate three year budget projections. Prepare annual budget allocation correspondence to include an analysis of issues impacting each assigned area.
Financial modeling and forecasting
- Project and refine models to predict campus tuition and income fund revenue, incorporating changes in bad debt, tuition waivers, refund rates, and other variables that will affect overall revenue. Analyze enrollment data to establish trends.
- Work with colleges, campus and university administration to coordinate and develop tuition and fee assessment projections. Monitor actual tuition earnings against projections and provide necessary variance reporting. Model and communicate impacts on colleges and administrative units.
- Develop financial aid expenditure projections and provide informed evaluation of the impacts resulting from variances in budget to actuals. Provide projections after enrollment census. Prepare allocations at fiscal yearend.
Fiscal planning and reporting
- Develop, maintain, analyze, and present financial reports related to unit operating budgets, and fund specific items such as student fee revenues.
- Complete a series of annual reports related to the Resource Allocation and Management Program (RAMP) for the University which is submitted to the Systems Office.
- Develop and analyze fiscal data to determine and inform the financial consequences of changes in policy, programs, or activities affecting University finances.
- Develop and implement ad-hoc analytic studies and reports in response to senior management inquiries (campus and University Administration requests/submissions) and as needed for accreditation, regulatory or other reporting requirements.
- Fuse analysis, findings, and best practices into actionable recommendation reports. Management & leadership
- In collaboration with the Director, provide leadership and direction for the office and assigned staff members. Plan, assign and review work of assigned staff to ensure that group objectives are met. Hire, train, develop, and manage staff to ensure that qualified staff exists to meet group objectives.
- Set priorities and guidelines for individual projects and work assignments.
- Draft and revise policies as requested to ensure the efficient use of financial resources, including but not limited to budget management, waivers, and tuition rate setting.
- In coordination with the other BFA Associate Directors, direct OBFA in the absence of the Director.
- Participate in committees and task force groups as assigned to professionally and competently represent OBFA.
Perform other related duties and participates in special projects as assigned.
Job Knowledge & Skills, Education, Experience
Minimum Acceptable Qualifications
- Bachelor’s Degree with course work related to financial data analysis required.
- Minimum of five years increasingly responsible experience in financial analysis, budget, forecasting, accounting, or related field required.
- Significant experience working with complex data sets.
- Comprehensive knowledge of budget modeling and forecasting techniques.
- Solid organizational skills, including the ability to work independently and as a member of a team, ability to attend to multiple projects simultaneously to meet deadlines.
- Strong interpersonal skills, including the ability to make presentations to senior university leadership as well as work with college and divisional fiscal officers and departmental business managers. Excellent verbal and written communication skills required.
- Strong computer skills required. Specific competencies include advanced proficiency in Microsoft Excel (Level III), work experience with Business Objects reporting tools, and the ability to organize data in a logical display, including graphical representation.
Master’s Degree in a relevant field (Public Administration, Business Administration, etc...) preferred. Experience working in a public university preferred. Familiarity with the organization, structure, function and policies of the University of Illinois preferred.
For fullest consideration, please send a letter of interest, current resume and the contact information for up to three professional references by February 12, 2019 to https://jobs.uic.edu
The University of Illinois conducts background checks on all job candidates upon acceptance of contingent offer of employment. Background checks will be performed in compliance with the Fair Credit Reporting Act. The University of Illinois at Chicago is an Equal Opportunity, Affirmative Action employer. Minorities, women, veterans and individuals with disabilities are encouraged to apply.