New York Institute of Technology

Director of Finance and Operations for Academic Affairs

New York Institute of Technology$140K — $160K *
Education, Government & Non-Profit
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s Degree in financial services or business operations; Master's preferred.
  • 5+ years experience in financial services or higher education business office.
  • Prior experience in higher education budget and planning highly preferred.
  • Knowledge of budget oversight and planning with strong data analysis skills.
  • Detail-oriented, with strong organizational and communication abilities.
  • Ability to work collegially with various levels of management and staff.
  • Proficiency in Microsoft Office and familiarity with financial management systems, particularly Workday.

Responsibilities

  • Manage budget schedules and oversee Academic Affairs budget files with the Provost.
  • Support colleges and non-academic units in submitting budget proposals during planning.
  • Assist senior management with spending decisions and new budget requests.
  • Summarize and review final proposed budgets by area with financial managers.
  • Join Provost in budget meetings and recommend adjustments as necessary.
  • Liaise with international partners for budgeting inquiries and requests.
  • Collaborate on budgeting for faculty hiring, including adjustments to colleges/departments.

Benefits

  • Generous paid time off and holidays.
  • Tuition remission for continued education.
  • Retirement plans with employer contributions.
  • Opportunities for personal and professional growth.
Full Job Description
Overview:

Reporting to the Provost and Executive Vice President, the Director of Finance and Operations for Academic Affairs provides fiscal and operational support for the Provost and is the primary budget officer, providing fiscal oversight, for Academic Affairs. This includes but is not limited to purchasing, budget planning, forecasting and analysis, financial reconciliation, and reporting. The Director also serves as the primary liaison to central University budget and finance; provides financial and resource context for all Academic Affairs strategic planning efforts; and ensures that all institutional procedures and policies are adhered to as it relates to purchasing and requisitions, p-card use, staff expenses, reconcilement, and reimbursements.

 

Responsibilities

 

Budget Management & Leadership

  • Working with the Provost, the Director will manage budget schedules and the Academic Affairs support units (non-college) budget files (budget worksheets and position control report) from Financial Affairs, breaks them down into various areas (e.g., Honors College, Undergraduate Student Success & Advising (USSA), Center for Faculty Excellence, Student Employment), and distributes them accordingly.
  • Provide support to all Academic Affairs colleges and non-academic units to submit proposed and actual budgets during fiscal year budget planning.
  • Assist the Provost and senior management in making spending decisions, completes new operating budget requests, reviews and verifies the entire Academic Affairs budget.
  • Summarize the budget by area and submit the final proposed budgets. This involves working with the college’s financial managers to review their budget-related information.
  • The Director will make corresponding recommendations wherever appropriate and joins the Provost in budget meetings as needed.
  • Manage and make budget amendments in Workday to cover operational items (e.g., purchases, expense reports); communicate and work with college financial managers on various budget adjustments and/or operational related issues.

International Budget & Planning

  • As needed, liase with international partners (e.g., EFAP, JUFE) for different inquiries and/or requests. Manage issues and/or requests related to these international partners.

Faculty Hiring Budget Planning

  • Work with the Provost on budgeting and costs for hiring faculty as well as release time, start-up packages, and other stipends, where appropriate, for faculty.
  • Make budget adjustments to colleges/departments after approval and as needed.
  • Work with the individual college financial managers on faculty related budgeting.
Qualifications
  • Bachelor’s Degree required, preferably in financial services, business operations.
  • Master of Business Administration preferred.
  • 5+ years of experience in a financial services environment or a higher education business office setting.
  • Prior Experience in Higher Education budget and planning highly preferred. Core Competencies & Technical Skills:
  • Must have knowledge of budget oversight and planning as well as a high level of data analysis skills.
  • Detail oriented, thorough, and accurate. Exceptional organizational and problem-solving abilities as well as strong communication and interpersonal skills.
  • Must be able to work effectively and collegially with all levels of management and staff.
  • Excellent customer service skills & ability to manage all personnel and fiscal matters in a professional and highly confidential manner.
  • Commitment to deadlines, ability to develop and execute work plans and to prioritize and handle multiple assignments from multiple individuals promptly and accurately.
  • Proficiency in Microsoft Office, including Word, Excel, PowerPoint, and familiarity using a financial database management system (e.g., Workday) is necessary.
  • Experience with Workday is highly preferred.
Other Information

 

New York Institute of Technology offers numerous opportunities to enhance personal andprofessional growth and provides employees with a competitive compensation and benefits program inclusive of  generous paid time off, holidays, tuition remission, and retirement plans with employer contributions.

 

 

In compliance with local legislation as well as to provide greater transparency to candidates, the annual base salary range for this position is listed. New York Tech considers factors such as (but not limited to) scope and responsibilities of the position, candidate experience/expertise, education/training, key skills, geographic location, internal peer equity as well as market, organizational considerations and/or applicable collective bargaining agreement when extending an offer.

 

Minimum SalaryUSD $140,000.00/Yr. Maximum SalaryUSD $160,000.00/Yr.

About New York Institute of Technology

New Jersey Institute of Technology is a public research university in Newark, New Jersey with a degree-granting satellite campus in Jersey City. Founded in 1881 with the support of local industrialists and inventors especially Edward Weston, NJIT opened as Newark Technical School in 1885 with 88 students. The school grew into a classic engineering college – Newark College of Engineering – and then, with the addition of a School of Architecture in 1973, into a polytechnic university that now hosts five colleges and one school. As of fall 2020, the university enrolls about 11,600 students, 2,000 of whom live on campus. NJIT offers 52 undergraduate majors and 67 graduate programs. Via its Honors College it also offers professional programs in Healthcare and Law in collaboration with nearby institutions including Rutgers Medical School and Seton Hall Law School. Cross-registration with Rutgers University-Newark which borders its campus is also available. NJIT is classified among "R1: Doctoral Universities – Very high research activity". It operates the Big Bear Solar Observatory, the Owens Valley Radio Observatory and a suite of automated observatories across Antarctica, South America and the US. As of May 2021, the school's founders, faculty and alumni include a Turing Award winner, a Dannie Heineman Prize for Mathematical Physics winner, 9 members of the National Academy of Engineering, 2 members of the National Inventors Hall of Fame, 1 member of the National Academy of Sciences, an astronaut, a National Medal of Technology and Innovation winner, a Congressional Gold Medal winner, a William Bowie Medal winner, multiple IEEE medalists, and 15 members of the National Academy of Inventors including 5 senior members. Over the past 20 years NJIT graduates have won fourteen Goldwaters, five Fulbrights, a Truman, a Boren, four Gilmans, three DAADs, a Tau Beta Pi graduate Fellowship, a Humanity in Action Fellowship, two Whitakers, and sixteen NSF Graduate Research Fellowships.
Learn more about New York Institute of Technology

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