Assistant Vice President for Capital Budgeting & Financing

Job Description

The Assistant Vice President for Capital Budgeting and Financing (Assistant Vice President) serves essential roles leading teams and participating on teams to advance strategic planning and to execute initiatives to complete high priority university goals and objectives. The successful incumbent is the university’s foremost expert on best practices for budgeting, financing, and financial management for capital outlay and consistently demonstrates the highest order of integrity and business ethics oriented to detail, action, solutions, results, teamwork, and continuous improvement.

The Assistant Vice President supports a critical role in the Vice President for Finance’s leadership team and reports to the Associate Vice President for Campus Planning and Capital Financing. The Assistant Vice President is a core member of a high performance team in the university focused on delivering major capital projects on time and on budget. This team includes the Office of University Planning, Capital Construction, Real Estate Management, and Capital Budgeting and Financing. The Assistant Vice President also serves as a primary contact for financial agreements between the university and the Virginia Tech Foundation for real estate matters.

A successful incumbent must form and maintain effective working relationships with internal and external partners, built on trust and integrity, to collaborate on a wide array of university initiatives. This includes working with deans, vice presidents, institute directors, functional team leaders within the university, legal counsel, the university's Board of Visitors, Commonwealth’s Department of Planning and Budget, State Council of Higher Education, House Appropriations Committee, Senate Finance Committee, Department of General Services, and Treasury Department.

A successful incumbent is a key representative on behalf of the university for capital financial matters. The Assistant Vice President must consistently demonstrate effective communication skills, spoken and written, to convey complex financial concepts and information to policy makers and non-finance professionals in an easily understood manner. This includes items such as well organized, concise, and compelling narratives for budget proposals to the state, resolutions and reports to the Board of Visitors, business agreements with external parties, internal memorandums of understanding, and presentations to internal and external groups.

The Assistant Vice President is responsible for six broad activities essential for the advancement and improvement of the physical assets for both agencies of Virginia Tech. The successful incumbent will lead a team to accomplish the following activities for both agencies of Virginia Tech i) coordination, development, submission, and approval of Virginia Tech’s Six-Year Capital Outlay Plan; ii) developing detailed funding, financing, and acquisition plans for each capital project on the Plan; iii) preparing, coordinating, and presenting capital project resolutions to the Board of Visitors; iv) preparing, coordinating, and submitting capital budget proposals to the Commonwealth of Virginia; v) implementation and oversight of authorized capital budgets in the agency’s accounting system and the Commonwealth’s budget system to ensure resources are available and sufficient for capital project activities; and vi) leading or serving multi-office teams to complete special initiatives and strategic projects as assigned by executive management. The incumbent is expected to fulfill these responsibilities with limited supervision while maintaining effective communication with leadership.

Required Qualifications

Bachelor's degree in accounting, finance, business administration, public administration, or related field.
Skills to lead high performance teams and supervise finance professionals.
Broad financial knowledge including capital budgeting and funding policies of the Commonwealth of Virginia, fund accounting, capital budgeting techniques, capital and real estate financing instruments, debt burden and credit rating management, and Public-Private Partnerships or comparable experience.
Extensive knowledge of long-range strategic facility planning and asset management.
Extensive experience with higher education programming and facilities required for research-intensive programs and residential programs.
Familiarity with best practices for procurement, delivery, and management of design and construction services for capital projects.
Skills to proficiently produce complex financial analyses, reports, and proposals, including the use of spreadsheets, documents, presentation “slide decks”, and workflows.
Ability to exercise sound business judgment through strong analytical, critical thinking, and problem-solving skills with ability to see patterns, be a fast thinker, and make decisions with strong attention to accuracy, detail, and context.
Ability to work quickly and accurately under deadlines to manage multiple priorities concurrently and to work collaboratively with various levels of personnel.
Ability to communicate clearly and concisely to effectively convey complex financial information to policy makers and non-finance professionals.
Ability to interpret and apply university policy and state rules, regulations, instructions, and guidelines;

Preferred Qualifications

Masters degree in Business Administration, Public Administration, or training, and work experience at a level which equates to an advanced degree.
Familiarity with Commonwealth of Virginia Restructured Higher Education Financial and Administrative Operations Act and the Public-Private Education and Infrastructure Act.
Demonstrated knowledge of federal and state laws and regulations applicable to a higher education environment.
Experience with policy and procedure development, policy interpretation, and policy writing.
Working knowledge of university organizational structure.

Appointment Type

Regular

Salary Information

$130,000-145,000, commensurate with experience

Review Date

August 1, 2022

Additional Information

The successful candidate will be required to have a criminal conviction check.

About Virginia Tech

Dedicated to its motto, Ut Prosim (That I May Serve), Virginia Tech pushes the boundaries of knowledge by taking a hands-on, transdisciplinary approach to preparing scholars to be leaders and problem-solvers. A comprehensive land-grant institution that enhances the quality of life in Virginia and throughout the world, Virginia Tech is an inclusive community dedicated to knowledge, discovery, and creativity. The university offers more than 280 majors to a diverse enrollment of more than 36,000 undergraduate, graduate, and professional students in eight undergraduate colleges , a school of medicine , a veterinary medicine college, Graduate School , and Honors College . The university has a significant presence across Virginia, including the Innovation Campus in Northern Virginia; the Health Sciences and Technology Campus in Roanoke; sites in Newport News and Richmond; and numerous Extension offices and research centers . A leading global research institution, Virginia Tech conducts more than $500 million in research annually.

Virginia Tech does not discriminate against employees, students, or applicants on the basis of age, color, disability, sex (including pregnancy), gender, gender identity, gender expression, genetic information, national origin, political affiliation, race, religion, sexual orientation, or military status, or otherwise discriminate against employees or applicants who inquire about, discuss, or disclose their compensation or the compensation of other employees or applicants, or on any other basis protected by law.

If you are an individual with a disability and desire an accommodation, please contact Julie Weaver at juliew19@vt.edu during regular business hours at least 10 business days prior to the event.

Advertised: July 19, 2022
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