***To be considered for this position, candidates must complete the online application, attach a resume and include a cover letter***
Reporting to the Executive Vice-President & Chief Operating Officer (“EVP & COO”), the Associate Vice-President for Financial Planning & Budget (“AVP”) is responsible for leading the Office of Financial Planning & Budget, and overseeing a staff of two financial analysts. The AVP will play a lead role in managing the institution’s resources through the University’s annual budgeting process in addition to engaging with the schools and divisions on budgetary and financial planning matters. Within the Business Affairs division, the AVP also works closely with the Senior Associate Vice-President for Finance, Senior Associate Vice President for Campus Operations and the Senior Associate Vice President for Human Resources.
The AVP will work regularly with other members of the University’s senior leadership team help ensure that the University's financial resources are deployed to meet near- and long-term institutional priorities and academic programming needs. The AVP plays a lead role in allocating resources to align institutional priorities through the University’s annual budgeting process and rigorous financial planning practices. The AVP is also responsible for monitoring budget performance; advising and guiding University leadership on resource allocation; advising on long- and short-term institutional planning; and providing information and analytics to support planning and decision making.
Budget Development and Monitoring
Develop the University’s annual operating budget and related performance analyses.
Direct and oversee the University budget model to provide common understanding, operational and financial incentives, and decision support for all major operating units.
In coordination with the Office of Planning and Policy, facilitate institutional planning and policy development related to University financial management and budgeting practices.
Design reports that will allow effective review and management of operations.
Develop multi-year financial planning models, resource and cost distribution policies, and budget assumptions in coordination with other University financial and administrative offices.
Design and deliver planning tools to support institutional strategic planning and decision making.
Provide primary staff support for the University’s Planning & Priorities Committee.
Facilitate planning activities for operating initiatives and capital projects that cross schools/divisions/units or functions.
In collaboration with the responsible areas, prepare policy and decision support analyses to inform institutional decision-making in areas such as endowment payout policy, enrollment planning and associated financial aid policies.
Evaluate and enhance resource allocation practices to achieve the highest standards of equity, efficiency, and transparency and to support the University’s strategic goals and priorities.
Assist in the development of the University capital plan and associated funding for major capital projects in collaboration with the Senior Associate Vice President for Campus Operations.
Demonstrated leadership and expertise in the areas of budget, finance, and planning.
Ability to work in diverse environments and contribute towards creating an inclusive University culture.
Proven experience making public presentations to various constituencies.
Commitment to fostering relationships throughout the institution.
Appreciation of academic values and standards of excellence.
Respect for and understanding of mission-driven institutions.
Strong work ethic and the ability to work with large ongoing projects as well as address the daily issues that require resolution.
Consensus builder with vision, comfort facilitating change, patience, flexibility, and the ability to engage talented colleagues in difficult and challenging decisions.
Ability to work effectively in an environment with ambiguity and uncertainty.
Creative, innovative, and entrepreneurial qualities.
Ability to multitask in a pressure-filled environment.
A thoughtful listener, strategic thinker, strong communicator, diplomat, and team player with unquestionable integrity.
A financial professional with an optimistic approach to problem solving.
EDUCATION & EXPERIENCE:
10 years progressively responsible administrative/financial planning and budget experience (higher education or non-profit preferred).
Bachelor’s Degree required. Master’s Degree in related discipline strongly preferred.
SALARY STRUCTURE: Pay Grade 12 (Hiring Range $114,287.00 to $162,862.00 annually)
Internal Number: 502219
About University of Richmond
At the University of Richmond, we’re creative, inclusive, and determined. We’re Spiders, and our mission is to create positive change in the UR community and beyond. Located minutes from downtown Richmond, Virginia, the University of Richmond (www.richmond.edu) blends the intimacy of a small college with exceptional academic, research, and cultural opportunities usually found only at large institutions. There’s only one place like Richmond.
UR is committed to developing a diverse faculty, staff and student body, and to modeling an inclusive campus community which values the expression of differences in ways that promote excellence in teaching, learning, personal development and institutional success. In keeping with this commitment, our academic community welcomes candidates from diverse backgrounds and candidates who support diversity. EOE