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This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/11817041 Department

UCPE Financial Administration

About the Department

Our mission is to create pathways for people who see education as fundamental to the pursuit of professional growth. We develop innovative learning approaches that meet student and company needs while upholding the University of Chicago\'s distinct brand of academic excellence. Our core philosophy-the Chicago Approach-values intellectual curiosity, encourages risk-taking, and rewards those ambitious to take their ideas from good to great.

Job Summary

The Director, Finance, Budget and Procurement will lead and manage the operating budget, financial planning and analysis, and procurement for UChicago Professional Education, its respective revenue and non-revenue generating departments, and other University-wide programs the unit supports.

The Director serves as a subject matter expert to UCPE and its supporting units and is the primary liaison to the University Budget Office, Procurement and Payment Services, and Financial Services unit employees.

Responsibilities

Serves as a source of staff support for the programs and sub-units, performs complex evaluations, and resolves difficult problems in these areas.

Provides financial input based on the development of data collection, metrics, reports, and other analytical applications.

Understands available data sources and uses that information for creating clear and concise presentations to leadership.

Leads initiatives to optimize resource utilization to achieve unit strategic objectives and manage all aspects of the unit\'s financial operations, including accounting, financial analysis and reporting, budgeting, accounts receivable, accounts payable, procurement, and financial controls.

Creates financial management models for establishing financial analytics and forecasts. Responsible for regular, internal financial reporting to unit and University leadership.

Develops financial projections, including long-range planning models and corresponding methods for tracking critical operating metrics.

Organizes and oversees budgeting systems and procedures for researching, compiling, monitoring, and analyzing the unit\'s monthly budget-to-actual status.

In collaboration with unit leadership, sets budgetary priorities.

Oversees the development of fiscal policies, financial plans, procedures, and controls for the unit.

Reviews, evaluates, and advises the unit on multi-year program financial plans, program objectives, level of program activities, resource requirements, and program effectiveness.

Develops strategies proactively to address issues or problems with financial results and ensure balanced operations; provide financial reports with supporting data and analyses of specific issues.

Identifies and explains variances and suggests revenue enhancements and cost containment measures. Employs methodology for ongoing reporting, analysis, and updates of budget variances.

Provides financial input based on the development of data collection, metrics, reports, and other analytical applications.

Conducts quantitative and qualitative analyses to monitor and manage for expense optimization by identifying market drivers, enhancing strategies, or improving revenue generation.

Oversee the analysis of new revenue sources and provide recommendations to unit leadership.

Manages and interprets reports and data to recommend revenue, budget, or similar unit financial strategies.

Develops long- and short-term plans to achieve financial goals, business strategies/objectives, and financial forecasts/models for the unit and all degree and non-degree programs and unit initiatives.

Analyzes and models academic program financial data, including historical vs. current enrollment d ta, program costs, and other academic program variables, to determine program break-even benchmarks and profitability goals.

Oversees and leads annual budgeting and planning process; administers and reviews all financial plans and budgets; monitors progress and changes; and keeps unit leadership team abreast of financial performance and position.

Serves as subject matter expert in interpreting and applying University budgeting policies and procedures in the unit\'s budgetary formulation, analysis, review, and control processes; and in identifying current and future resource-planning and allocation issues.

Based on a comprehensive understanding of the unit\'s current and forecasted position, reviews and partners with leadership to finalize proposed budgets, ensuring compliance with established budget parameters.

Reviews, analyzes, recommends, and implements processes and procedures to improve the annual budget process.

Ensures the development and administration of the annual budget and financial performance from systems and procedural/process standpoints.

Oversees monitoring of all procurement activities, including vendor contracts and approval of purchasing and expenditure activities.

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