Assistant Vice President, Financial Planning and Analysis

Wentworth Institute Of Technology

Job Location:

Boston, NH - USA

Monthly Salary: Not Disclosed

Posted on: 5 hours ago

Vacancies: 1 Vacancy

Job Summary

Job Description

Reporting to the Vice President of Finance and Chief Financial Officer (CFO) the Assistant Vice President of Financial Planning & Analysis (AVP)is a proactivecollaborativedata-informed professionalwitha problem-solving mindset. The AVP willleverageWITs recent implementation of Workday Financial to develop and implement annual and multiyear financial planningprocesses thatsupport strategic decision-making.The AVP will prioritize decision support by building partnerships and building acomprehensive 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 providesfinancial leadership and decision support to the executive level of WIT. Theideal candidate brings deepexpertisein financial strategy a collaborative mindsetexperience working at the executive/boardleveland a commitment to using data to support academic innovation and effective resource management.The AVPshould have experience with non-profit accounting as they willwork closely with the University Controller to ensurebudgetingforecasting anddecision support incorporate the primary tenants of non-profit/higher education accounting rules.

Key Responsibilities:

Long range strategicfinancialplanning

Work closelywith the Senior Vice President (SVP) and CFO on budget development long-term financial projections pro forma planning cost benefit analysis program/unit performance.

Build/refinedynamic planningtools to enable scenario planning withinmulti-year operational and capital financial plans.

Provide decision support toacademic and administrative leaders to evaluate initiatives enrollment strategies tuition models and capital projects.

Support analysison projectsprogramsand initiatives for which there is a financialcomponent. Such projects may includeprivate-partnershipprojects andthird partyvendor partnerships.

Financial Reporting & Analysis

Ensure that academic and administrative leaderscan access and effectively usekey financial reportsthat cansupportdaily/ongoing decision making.

Develop strong partnerships with academic and administrative leaders to supplement self-service reporting withmore detailed trend analysis.

Partner with keystakeholders to developanalysis of trends within key areas including enrollment net tuition auxiliary revenue capital spending andproviderecommendations for long-range planning.

Partner with Controller to ensure that accounting standard operating procedures and internal controls (SOPIC)are supportingongoingbudgetingreporting & analysis.

Partner with technical experts to enhance and maximize use of executive and department-level reporting.

Budget Developmentand Ongoing Forecasting

Leadthe annual budget process includingprovidinganalysis and recommendations throughout the budget cycle to ensure sustainability and strategic alignment.

Lead in-year performance analysis including quarterly reforecasts;identifyvariances andpartner withacademic and administrative leaders todeveloptradeoff-basedsolutions.

Partner withControllerand accounting teamto conduct quarterly financialcloses andprovide year-over-year flux analysis.

Partner with Controller during annual close; create and analyze a wide range of financial statements in support of WITs 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 partnershipsrelationships that support financialtransparency 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 tofacilitateproactive communication and collaboration across all financial functions.

Be an influential leader with the ability to elevate the performance of the team individually and collectively.

Leadership & Team Development

Supervise one Senior Financial Analyst.

Serve asseniormember of the WIT finance team leadership team helping tofoster aculture of service collaboration and excellence.

Partner withControllerto ensure that theAccounting and Financial Planning teams are aligned throughout all phases of the annual financial cycle.

Partner with other senior members of the WIT finance team to foster a culture of service promote equity diversity and inclusion in resource planning and financial decision-making.

MinimumQualificationsand Skills:

Bachelors degree in Finance Accounting Business Administration or related field.

10 years of progressively responsible experience in financialservices preferably in higher education.

Strongproficiencyin financial modeling forecasting and variance analysis.

Demonstrated ability to communicate financial information clearly to non-financial stakeholders.

Experience leading teams and managing complex financial systems and processes.

Strong interpersonal skills collaborative mindset and ability to build trust across departments and hierarchical levels.

High attention to detail and the ability to synthesize complex financial and operational data for executive use.

Experience managingchangerelated to systems implementation budget reform or institutional transformation.

Preferred Qualifications:

Masters degree;MPACPAMBA or similar financial certification.

Knowledge of fund accounting GASB standards and nonprofit financial reporting.

Experience with tuition pricing models enrollment management grant funding and auxiliary operations.

Proficiencyin Workday Financial Management modules including general ledger budgeting reporting andgrantsmanagement.

Position Details:

At this time the university is unable to sponsor applicants for H-1B visas.

The job grade for this position is Grade13.

The expected wage range for this position is between $160000 and $208000which reflects what wereasonably expectto pay for this role.

This position is eligible for a hybrid work schedule.This position is a full-timebenefitseligibleposition at37.5 hours/week.Standard office environment with occasional evening or weekend workfor deadlines or board meetings.

About Wentworth:

Wentworth Institute of Technology Wentworth Institute of Technology (Wentworth) was founded to furnish education in the mechanical arts. Today almost 4000 undergraduates pursue associate and bachelors degrees in 23 engineering technology design and management disciplines across five schools: School of Architecture and Design School of Computing and Data Science School of Engineering School of Management School of Sciences and addition to offering certificate programs graduate students may pursue 13 masters degrees. While Wentworth offers traditional semesters the hallmark of a Wentworth educationremainsthe robust co-op program offering hands-on experiences that offer depth of learning relevant experiences and valuable networking opportunities. More than 38 percent of the class of 2023 were offered post-graduate full-time employment by their co-op employer. This approach to professionally relevant education is uniquely woven into the fabric of Wentworth where students are encouraged to make connections across disciplines in classrooms labs and as active participants in industry.

Wentworth is a member of the Colleges of the Fenway consortium and shares many facilities resources and activities with nearby institutions. With this membership Wentworth students are entitled to register for courseswith participatingneighboring institutions at noadditionalcost. Wentworth is also a member of the Tuition Exchange a reciprocal scholarship opportunity for the dependents of eligible faculty and staff at 645 member schools nationwide. Wentworth earned the top spot in the latest New York Times college ranking when prioritizing earnings economic mobility and economic diversity among colleges in Massachusetts. The Institutes current operating budget is $151 million and the value of its endowment is $170million.

Academics:

Wentworth offers 23 undergraduate and 13 masters degree programs across five distinct Schools and through a variety of pathways: full-time part-time hybrid and online. Wentworth also offers minors dual graduate degrees graduate certificates and accelerated three-yearundergraduate degrees along with 31 41 and 42 undergraduate and graduate degree combinations.

Wentworth offers one of the nations most comprehensive CooperativeEducation (coop)programs. Undergraduate students at Wentworth are required to complete twocoopsemesters to graduate. During co-op students gain hands-on experience and put the knowledge and skills they forgeinthe classroom into practice while still in school. By partnering with leading industry organizations Wentworths co-op program lets students find solutions to real-world problems while working in their chosen fields while fostering valuable professional connections that are crucial to success in the modern workforce. By integrating a hands-on approach into academics in the classroom and through coop Wentworth prioritizes the long-term career success of our students. This close connection between academic experience and on-the-jobproficiencydirectly translates to higher earnings and accelerated career growth.

Facilities:

The 31-acre campus in the heart of Boston boasts a tree-lined quad modern and traditional residence halls diverse campus amenities the Douglas D. Schumann Library & Learning Commons multiple computer centers a 24-hour police department andnumeroussocial activities. The campus also features 60state of the artlabs and studios including the Casella Robotics Laboratory thestate-of-the-artBOND Virtual Design and Construction Lab and ample design fact Wentworth has achieved an impressive 1:1 student-to-studio space February 2024 Wentworth Institute of Technology announced a bold 10-year plan to dramatically transform its physical campus. The plan will create technologically advanced spaces for hands-on learning in preparation for STEM design and management careers and double the public green spaces on campus affirming Wentworths commitment to sustainability and resiliency. Among the plans highlights are new residence halls a new athletics field house as well as new and renovated academic spaces.

Compensation and Benefits

Wentworth Institute of Technology is committed to fair transparent and legally compliant compensation practices. We believe that clarity about pay structures and ranges supports equity fosters trust and ensures a positive workplace for all employees.

Please visit here to see the comprehensive benefits package offered to support the best experience for our employees.

Inclusive Excellence at Wentworth

Inclusive Excellence is one of the four pillars of the Strategic Plan. Actively and intentionally cultivating a diverse and culturally competent institution where each member has the opportunity and support to reach their full potential and make contributions to our campus community and beyond is Inclusive Excellence at Wentworth.

To find out more about the Wentworths commitment to Inclusive Excellence please visit the website applicants have the right to accessibility support and accommodations. To request accessibility support or accommodations contact the Executive Director of Equity and Compliance Catlin Wells at .

E-Verify for Employment Eligibility Verification (Form I-9)

Wentworth participates in E-Verify. E-Verify is an internet-based system that compares information from your Form I-9 to records available to the U.S. Department of Homeland Security (DHS) and Social Security Administration (SSA) to confirm that you are authorized to work in the United States.

Required Experience:

Exec

Job DescriptionReporting to the Vice President of Finance and Chief Financial Officer (CFO) the Assistant Vice President of Financial Planning & Analysis (AVP)is a proactivecollaborativedata-informed professionalwitha problem-solving mindset. The AVP willleverageWITs recent implementation of Workday...