Position Title: Manager of Budget and Financial Planning
Overview of the College:
Founded in 1997, Olin College is a selective, gender-balanced undergraduate engineering institution with a dual mission to educate exemplary engineering innovators and to lead the transformation of engineering education. Olin embraces “people to people” engineering: starting from understanding people and their needs, to designing solutions, to delivering new technologies and services to people and society at large. Olin’s innovative approach to engineering education erases disciplinary boundaries and encourages students to take control of their own learning. Olin students learn through project-based, collaborative activities and develop 21st century skills and perspectives by taking on authentic engineering challenges and entrepreneurial experiences. Olin has forged active partnerships with neighboring Babson and Wellesley Colleges and has co-designed transformative educational experiences with a broad range of collaborators around the globe.
General Duties and Responsibilities:
The Manager of Budget and Financial Planning serves as the subject matter expert for the budget, projection, and long-range planning processes. The successful candidate will develop, implement and maintain College-wide budgetary policies, processes and procedures and ensure that all systems and procedures are in compliance with federal and state accounting regulations, requirements and standards. The Manager represents Olin in the Budget community of practice within the Boston Consortium. The Manager Budget and Financial Planning reports to the Assistant Vice President (AVP) for Financial Affairs with a dotted line to the VP for Financial Affairs and CFO/Treasurer.
Budget and Planning Responsibilities:
- Oversees the annual budget development and 2 quarterly budget projection processes. This involves working collaboratively with the CFO, AVP for Financial Affairs and Budget Managers in departments to establish and manage the annual budget and 2 quarterly projections.
- Monitor adherence to Board approved budgets. Maintains College-wide Operating Budget, Capital Budget, and Cash Budget.
- Designs, develops and maintains all long-term financial planning models to support the College’s strategy and mission.
- Works closely with Cabinet members to identify and analyze various financial and budgetary issues, evaluates budget requests, makes budget recommendations to the AVP for Financial Affairs and CFO and delivers comprehensive financial analyses to support strategic and financial planning efforts.
- Provide staff support to the Trustee Finance and Facilities Committee including drafting reports and providing analysis. Attend meetings as needed.
- Works collaboratively with the Financial Affairs team and across the College to share relevant information and streamline and improve budget and projection processes.
- Responsible for creating internal reports and analyzing large data sets for management.
- Responsible for overseeing the use and maintenance of the Adaptive Planning system for budgeting, long-range planning and financial reporting.
- Responsible for maintaining the Budget module in the college’s ERP system (currently Jenzabar CX).
- Work collaboratively with the AVP for Financial Affairs and Chief Information Officer to oversee the Adaptive Insights budgeting and reporting system and coordinate any new budget system implementations and/or upgrades to the existing system.
- Trains and directly assists Budget Managers on budgetary compliance and budgetary procedures.
- Ensures that all departmental processes are adequately documented. Prepares, maintains, and keeps up-to-date the departmental policy and procedure manual(s).
- Responsible for managing some budget items within the Financial Affairs department.
- Other duties as assigned.
- Bachelor’s degree required.
- Master's degree in business administration (MBA) or certified public accountant (CPA) preferred.
- 5-7 years of related budget, projection and long-range planning experience required.
- Must have strong strategic and analytical ability, including experience in budget development, cost accounting, cost/benefit analysis, financial applications, and accounting systems.
- Must be able to work with limited direction and comfortable making decisions and/or recommendations to leadership.
- Higher education or other large not-for-profit work experience preferred.
- Excellent interpersonal and organizational skills.
- Must be able to effectively communicate both orally and in writing with all levels of employees, supervisors, management, and outside contacts.
- Intermediate or advanced Excel skills, and experience dissecting and analyzing large data sets a plus.
- Ability to maintain confidentiality of sensitive data and materials.
- Experience with Adaptive Insights and/or Jenzabar CX a plus.
Olin College is an Equal Opportunity Employer
Please send resume and cover letter to email@example.com
Non-discrimination/Affirmative Action Statement
In accordance with its own values and with federal and state regulations, Franklin W. Olin College of Engineering does not discriminate in admission, programs, services or employment—including the recruitment, hiring, training and promotion of persons in all job classifications—on the basis of race, color, religion, gender, national origin, sexual orientation, age, physical or mental disability, or veteran status.