Senior Manager - Financial Planning, Analysis and Budget
Rutgers University
Application
Details
Posted: 12-Jan-25
Location: New Brunswick, New Jersey
Internal Number: 242901
Position Summary:
Rutgers, The State University of New Jersey is seeking a Senior Manager for the Financial Planning, Analysis and Budget office, the university's central budget office responsible for policy, procedures, analyses, and guidance for each of the university's regional campuses as well as the system-wide offices and has responsibility for the effective management of the university's $5.6 billion operating budget. Reporting to the Assistant Vice President, this position provides senior-level support to the Vice President for Financial Planning and Analytics—Chief Budget Officer and the Executive Vice President—Chief Financial Officer and University Treasurer. This position is responsible for systems oversight and for extensive and complex financial modeling and analyses using large, diverse data sets requiring excellent analytical and technical skills. These analyses are a critical, key drives in the financial decision-making processes of senior leadership of the university and, subsequently the university's governing boards. In addition, this position is a key team member of the Financial Planning, Analysis and Budget office and contributes to its overall mission. This senior manager is also called upon to support various ad hoc projects across the university for internal and external consumption.
Among the key duties of this position are the following:
System Oversight (EPM, Axiom, etc.)
Oversees the analysis and in-depth management of the university's complex Hyperion Enterprise Performance Management (EPM) and Axiom software systems. Evaluates business requirements affecting the design and configuration of these systems and collaborates with stakeholders, including Chancellors' units, financial leadership, and central accounting staff, to implement solutions that address evolving needs.
Designs and configures Hyperion EPM systems, including Planning, Profitability and Cost Management, and Data Relationship Manager.
Develops strategies for integration and compatibility across Hyperion and non-Hyperion systems, such as HCM, data warehouse, Tableau, and Axiom.
Oversees enhancements, business flow, configuration documents, project management, and security configuration maintenance.
Long Range Planning (Strategic Modeling, MYP, Costing, Tuition/Fees, Budget, Capital, etc.)
Supplements the functionality of the University's Enterprise Resource Planning (ERP) systems with analyses of tuition, fees, student aid, and other critical operational and reporting needs.
Develops and maintains the University's long-range planning system and the new Strategic Modeling system.
Develops strategies to ensure institutional business and programmatic operations align with the University's ERP, COA, institutional policies, and procedures.
Facilitates process redesigns to support new entrepreneurial and strategic initiatives, such as establishing new degree programs or adapting to evolving external requirements.
Utilizes the Long-Range Planning System and Strategic Modeling to support multi-year strategic planning efforts.
Analyses (Including State Reporting Analysis)
Resolves highly complex budget issues by preparing financial analyses, including budget projections, cost feasibility studies, and developing alternative solutions.
Recommends best-practice solutions to senior leadership and implements approved solutions within the university's administrative structure.
Prepares materials to summarize and justify budget requests, including data gathering and trend analyses.
Prepares and presents business cases and budget proposals for specific projects or ongoing operational needs.
Develops and prepares reports utilizing various reporting and analysis tools, such as HCM, Oracle Cloud, Hyperion, Tableau, and Excel, to support budget preparation and monitoring.
Assists in preparing the University's annual budget requests to the State of New Jersey, including analyses of financial impacts and responses to legislative proposals.
Maintains a comprehensive understanding of the Responsibility Center Management (RCM) Model and its implications, analyzing financial and operational metrics such as grant activity, student enrollments, and space utilization.
Budget, Reporting, and Forecasting
Prepares and reviews budget, fiscal year-end forecasts, and variance analyses for selected areas, including analyses of budgetary and financial compliance.
Provides recommendations and solutions for financial or budgetary challenges and process improvements.
Advises administrators on budgetary/faical matters and policy.
Prepares reports and analyses for formal presentation to the Finance and Facilities Committee of the Board of Governors.
Support for Executive-Level Communications
Prepares PowerPoint slides, charts, tables, graphs, and other reports displaying complex budget and financial information in clear formats. These materials are used by senior leadership for presentations to various audiences, including governing boards, campus/faculty leadership, state government, and professional associations, town halls, etc.
Ad Hoc Reporting/General Budget Support
Prepares analyses for ad hoc projects on a wide range of topics, including responses to inquiries from professional associations, news media, and proposals for institutional initiatives.
Performs other duties as assigned.
Minimum Education and Experience:
Bachelor's degree in accounting, finance, data analytics, business administration, or a related field.
Five (5) years of experience working in a financial or accounting role with increasing responsibility, preferably in higher education.
City: Piscataway
State: NJ
Equipment Utilized:
Specialized equipment for the incumbent will be in the shape of the software identified above.
Physical Demands and Work Environment:
Prolonged computer utilization and long periods in sedentary positioning.
Availability to work occasional evenings and/or weekends as the work product demands.
Rutgers, The State University of New Jersey, is a leading national public research university and the state's preeminent, comprehensive public institution of higher education. Rutgers is dedicated to teaching that meets the highest standards of excellence; to conducting research that breaks new ground; and to turning knowledge into solutions for local, national, and global communities. As it was at our founding in 1766, the heart of our mission is preparing students to become productive members of society and good citizens of the world. Rutgers teaches across the full educational spectrum: preschool to precollege; undergraduate to graduate and postdoctoral; and continuing education for professional and personal advancement. Rutgers is New Jersey's land-grant institution and one of the nation's foremost research universities, and as such, we educate, make discoveries, serve as an engine of economic growth, and generate ideas for improving people's lives.