Assistant Vice President, Financial Planning and Analysis

Reporting to the Vice President of Finance and Chief Financial Officer (CFO), the Assistant Vice President of Financial Planning & Analysis (AVP) is a proactive, collaborative, data-informed professional with a problem-solving mindset. The AVP will leverage WIT’s recent implementation of Workday Financial to develop and implement annual and multiyear financial planning processes that support strategic decision-making. The AVP will prioritize decision support by building partnerships and building a comprehensive understanding of the financial complexities and competing needs of the organization.

The AVP will lead the work to develop useful and robust analyses and long-term financial models to inform discussions of critical issues.  This is a pivotal role that provides financial leadership and decision support to the executive level of WIT. The ideal candidate brings deep expertise in financial strategy, a collaborative mindset, experience working at the executive/board level and a commitment to using data to support academic innovation and effective resource management.

The AVP should have experience with non-profit accounting as they will work closely with the University Controller to ensure budgeting, forecasting and decision support incorporate the primary tenants of non-profit/higher education accounting rules.
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* Key Responsibilities:

*** Long range strategic financial planning
** Work closely with the Senior Vice President (SVP) and CFO on budget development, long-term financial projections, pro forma planning, cost benefit analysis, program/unit performance.
* Build/refine dynamic planning tools to enable scenario planning within multi-year operational and capital financial plans.
* Provide decision support to academic and administrative leaders to evaluate initiatives, enrollment strategies, tuition models, and capital projects.
* Support analysis on projects, programs and initiatives for which there is a financial component. Such projects may include private-partnership projects, and third party vendor partnerships.
* Financial Reporting & Analysis
** Ensure that academic and administrative leaders can access and effectively use key financial reports that can support daily/ongoing decision making.
* Develop strong partnerships with academic and administrative leaders to supplement self-service reporting with more detailed trend analysis.
* Partner with key stakeholders to develop analysis of trends within key areas, including enrollment, net tuition, auxiliary revenue, capital spending, and provide recommendations for long-range planning.
* Partner with Controller to ensure that accounting standard operating procedures and internal controls (SOPIC) are supporting ongoing budgeting reporting & analysis.
* Partner with technical experts to enhance and maximize use of executive and department-level reporting.
* Budget Development and Ongoing Forecasting
** Lead the annual budget process, including providing analysis and recommendations throughout the budget cycle to ensure sustainability and strategic alignment.
* Lead in-year performance analysis, including quarterly reforecasts; identify variances and partner with academic and administrative leaders to develop tradeoff-based solutions.
* Partner with Controller and accounting team to conduct quarterly financial closes, and provide year-over-year flux analysis.
* Partner with Controller during annual close; create and analyze a wide range of financial statements in support of WIT’s annual core financial audit.
* Community engagement & executive level communication
** Present complex financial data in clear, actionable formats for a broad audience.
* Build cross-functional, trusted partnerships relationships that support financial transparency and data-informed planning across the organization.
* Have a collaborative, open, and inquisitive style that encourages innovation and thoughtful experimentation.
* Build and nurture strong relationships with internal teams, partners, and stakeholders to facilitate proactive communication and collaboration across all financial functions.
* Leadership & Team Development
** Supervise one Senior Financial Analyst.
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