Assistant Director of Capital Finance

## Assistant Director of Capital Finance Apply:
New York, NY:
Full time:
Posted Today:
JR4823

Thank you for considering a career with the Research Foundation of The City University of New York (RFCUNY).The team at RFCUNY is made up of dedicated, talented professionals committed to providing the services that allow CUNY researchers, faculty, and staff to focus on their intellectual curiosity and scientific discoveries.

We are pleased that you are interested in exploring opportunities to join RFCUNY.Primary

Location:

OFFICE OF VC - FACILIT PLAN, CONSTRUC & MGMTBargaining Unit:

No

General Description The Assistant Director of Capital Finance reports directly to the Director of Construction and Associate Vice Chancellor and provides strategic financial oversight for the capital construction program. The position oversees project expenditures, forecasting, funding allocations, cost controls, and financial reporting, while evaluating project performance, identifying financial risks and trends, and providing data-driven analysis and recommendations to support informed decision-making, effective project planning, and responsible stewardship of capital resources.  

Duties and Responsibilities
· Support the overall financial management, administration, and fiscal oversight of the capital construction program.
· Monitor project expenditures, commitments, encumbrances, forecasts, funding availability, and overall financial performance throughout the project lifecycle.
· Prepare and maintain budget-to-actual reports, cash flow projections, expenditure forecasts, variance analyses, and executive-level financial reports.
· Review invoices, purchase orders, contracts, amendments, change orders, payment applications, and other financial transactions for accuracy, completeness, and proper authorization.
· Monitor project costs and proactively identify cost variances, funding constraints, financial exposure, emerging trends, and other risks that may affect project delivery.
· Partner with Project Managers and construction leadership to validate cost projections, anticipated commitments, remaining costs, and projected completion values.
· Assist with annual capital planning, funding requests, financial plans, and multi-year expenditure and cash flow projections.
· Track project funding sources, allocations, transfers, commitments, expenditures, and available balances to ensure sufficient funding is maintained throughout project execution.
· Maintain accurate and complete financial records and perform routine reconciliations between project management, accounting, procurement, and financial systems.
· Ensure expenditures are properly classified and charged to the appropriate project, account, contract, cost category, and funding source.
· Review project financial data for consistency, completeness, and alignment with approved project scope and funding authorizations.
· Coordinate closely with Finance, Accounting, Procurement, Construction, Legal, and other internal departments on financial and contractual matters affecting capital projects.
· Support the development, implementation, and maintenance of standardized financial procedures, internal controls, reporting requirements, and reconciliation protocols.
· Develop financial dashboards, management reports, key performance indicators, and analytical tools to improve visibility into capital program performance.
· Analyze historical spending patterns, commitments, schedules, and projected costs to support forecasting and management decision-making.
· Track outstanding contractual commitments, pending change orders, unpaid invoices, retainage, allowances, contingencies, and anticipated project liabilities.
· Support accrual reporting by identifying costs incurred but not yet…