Director of Budgets - Baltimore City Community College

Description/Job Summary

The Director of Budgets at Baltimore City Community College is the senior level individual responsible for providing leadership, stewardship, oversight, budgeting, and administration of operating and capital funds.

Reporting to the Vice President for Finance and Administration, the Director (chief budget officer) works closely with the college president and cabinet, deans, directors, and program coordinators, to provide subject matter expertise and guidance related to the College's operating budget. The Director leads the budget office in providing timely, accurate and meaningful information to support strategy and decision-making. Within the Division of Finance and Administration, the Director is a member of a team responsible for providing a wide array of services and support to the College community, including strategic planning for resource management in a multi-year, multi-fund context, determining implications of proposed activities or polices; and providing ongoing leadership to enhance the financial operation of the College.

Under the direction of the Vice President, the Director is responsible for the analysis of budget related legislation, serves as liaison with senior administration and the President's cabinet as required, and prepares the annual State budget request. The Director will be a collaborative, strategic, forward-looking thinker and doer who demonstrates integrity, confidentiality and attention to detail and accuracy.

Responsibilities/Duties

• Work closely with internal stakeholders and provide leadership in the development and implementation of the College's annual operating budget;
• Prepare annual budget allocation correspondence to include an analysis of issues that impact each area. Respond to requests for budgetary information;
• Align the budget request process and work with the strategic planning process;
• Oversee all aspects for the preparation, communication, maintenance, and analysis of the College's annual operating budget. Make policy recommendations for
• budgetary changes as appropriate;
• Conduct analyses of the College's budget allocations. Analyze drivers, trends, and make policy recommendations based on the analysis of the data;
• Develop projections and evaluate the impact resulting from budget variances. Develop, maintain, analyze, and present financial reports related to operating budgets, revenues and expenses;
• Develop, project and refine models to predict tuition and revenue accounting for the variable factors that will affect overall revenue. Analyze enrollment data and identify revenue and expense trends;
• Monitor actual tuition revenue against projections and provide necessary variance reporting. Model and communicate the impact to the College's executive management team;
• Enhance the quality of financial analytics, including modeling the capacity to support financial planning and initiatives;
• Updates and maintains end user documentation as it relates to budget-related applications and processes and oversees complex reconciliations and variance analyses on a routine basis.
• Develop realistic revenue and expenditure assumptions, oversee the annual budget submission, conducts budget modeling and implements executive budgetary controls to promote resource stability;
• Research financial data from various units and other funding sources including tuition and fees, grants and contracts, auxiliary enterprises, college fundraising and other sources of revenue to create an integrated all-funds budget and resources planning model;
• Collects, compiles and prepares the annual summaries and supporting schedules for each budget unit;
• Manage, monitors, adjusts and executes the operating budgets with managers and senior leaders;
• Monitors funding sources, agency expenditures and allotments while ensuring compliance with legislative intent, accounting regulations and audit compliance;
• Reviews financial analysis and assists in the preparation of the College's consolidated financial statements in conjunction with the Controller;
• Assists in the preparation of financial reports required for internal and external auditors, state regulators, governmental agencies, board of trustees and other interested parties; Assists in ensuring compliance of grants and contracts;
• Conducts annual performance evaluations, supervise reporting staff and establishes work performance goals, recommends organizations and staffing needs to the Vice President for effective and efficient operation of the financial services area;
• Develop and analyze fiscal data to determine and inform the financial consequences of changes in policy, programs, or activities affecting the College's finance;
• Develop and implement ad-hoc reports in response to inquiries as needed or requested; analyze findings and recommendations; Serves on college-wide committees and councils and performs other related duties as required by the Vice President;
• Performs all other related duties as assigned.

Required Qualifications

*** PLEASE UPLOAD 7 PROFESSIONAL REFERENCES***

• Education: Bachelor's Degree in Accounting, Finance, or Business or related field from an accredited college or university;
• Minimum of ten (10) years of progressive, relevant work experience in budgeting and accounting operations, management and finance Seven (7) years of supervisory experience related to an education setting

Preferred Qualifications

• Master's Degree in business field or CPA
• Experience in a non-profit environment or similar non-profit organizations preferred.
• Experience and preference working in a higher education or public sector