Position Overview: The Associate Vice President of Finance, Budgets and Financial Planning, will provide leadership in budgeting and budget-related financial analysis, reporting and forecasting for Merrimack, which has an annual operating budget and capital budget of more than $180 million. The Associate Vice President will interact regularly and extensively with Merrimack’s community, including academic and administrative units, in administering the annual budget cycle and, in collaboration with the community, identifying and effectuating enhancements to existing processes, reports and systems. This individual will also contribute meaningfully to the internal reporting and analysis of quarterly and annual financial results, as well as the preparation of additional financial reports, for senior management, working closely with both academic and administrative areas as needed.
- Lead the preparation, presentation and monitoring of the operating and capital budgets and provide support in the formulation of long-term financial forecasts and strategic planning.
- Prepare detailed financial analyses for the consideration of the President, the Executive Vice President, COO & CFO, the VP and Chief Business Officer, senior, and the Finance Committee of the Board of Trustees.
- Help establish budgeting policies and practices that support the College’s goals and meet community needs. Will be able to understand and advise how budgetary decisions and trends in revenue and expenditures affect the College’s financial position in a comprehensive way.
- Prepare College-wide annual budget guidelines, set priorities and identify trends in unit budgets. Communicate policies that affect budgeting to applicable College staff to ensure and assist with proper and consistent application. Identify the need for policy changes or policy development in new areas.
- Drive consistent, focused engagement with Merrimack’s academic and administrative units to foster a strong sense of cooperation and collaboration and identify and effectuate enhancements to budget-related processes, reports and systems.
- In conjunction with the AVP Finance/Accounting, Controller, prepare the College’s statement of activities for all actual, budget and forecast presentations and be responsible for informed and clear explanation of fluctuations in revenue and expense items.
- Oversee the publication and ensure accuracy of the annual Budget Book.
- Manage a high-performing team.
- Provide general guidance to the general accounting/financial reporting and accounts payable functions as it relates to budget and cost accounting matters.
- Provide consultation and assistance to the AVP/Controller in the movement of funds.
- Provide consultation and coordination of functions with the Director of Purchasing and AVP of Human Resources to assure control over College expenditures in accordance with budget mandates.
- With oversight and supervision of the VP & CBO, manage, track and approve all expenses of the institution.
- Perform other related duties as assigned.
- Bachelor’s degree in business administration or accounting.
- Leadership development and training.
- At least ten years of direct, relevant financial experience including responsibilities for leading and managing organization-wide budget processes and a team of financial professionals.
- Deft use of financial software and expert use of spreadsheets, word processing, database and querying tools.
- Demonstrated ability to motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects. The individual in this role must be able to guide a team to complete milestones within, or advance of, stated deadlines.
- Excellent communication skills, including capacity to participate in, and at times lead, high-level College meetings and presentations. Ability to work collaboratively with diverse constituencies.
- In-depth knowledge of principles, practices and theories related to budgeting and financial analysis in an ever-changing environment.
- Must possess strong management skills to effectively lead and guide a high-performing team in an ever-changing environment and strong capabilities for collaboration with other members of the Fiscal Affairs division, administrative partners and community financial stakeholders.
- Other expected capabilities include knowledge, skills, and expertise in the areas of critical thinking and problem solving, effective communication and advocacy, and thoughtful decision making, as well as commitment to and experience with diversity, equity, and inclusion.
- Master’s degree with concentration in finance or accounting or similar business or financial planning discipline.
- Financial experience in a major not-for-profit educational, research, scientific or engineering institution.
- Experience with Jenzabar (CARS), data querying tools (Cognos, Adaptive Insights, etc.), relational databases, and Microsoft Office applications.
- Project management skills and the ability to design solutions for internal/external constituents.
To Apply: Please apply with a resume and cover letter.
Merrimack College is committed to building a culturally and racially diverse community, based on the values of diversity, equity and inclusion. We strongly encourage applications from members of underrepresented groups. Candidates should describe in their application previous experience related to equity, diversity, and inclusion, as well as how they will engage in fostering a culture that values diversity and inclusive excellence at Merrimack College.
This position is subject to the successful completion of a criminal background check.
Merrimack College is an Equal Opportunity Employer.
Closing Date: 4/18/21
Position Code: 0857