Director of Budget and Cash Management

Employer
Elon University
Location
North Carolina, United States
Salary
Salary Not specified
Posted Date
Dec 2, 2022

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Position Type
Administrative, Business & Administrative Affairs, Financial Affairs
Employment Level
Executive
Employment Type
Full Time


Director of Budget and Cash Management

Requisition Number: 20122411
Type of Employment: Full-Time Regular
Number of Months:
Months Employed:
Number of Hours per Day/Week: 40
Daily Hours: 8-5

Summary Position
Serves as a key leader and advisor on budgeting and cash management for the university. Leads the coordination of the annual budget process with many constituents including the University Budget Committee and budget managers. Ensures the university's working capital is managed to provide for proper cash flow and return on cash balances.

Benefits of Working at Elon University

As an Elon University employee, you'll join an internationally acclaimed university with a commitment to fostering a thriving community. Ranked among the most innovative, creative and best-run universities in the nation, Elon's personal approach to education extends to employees, whose growth, professional development and success is a hallmark of our training and advancement opportunities.

Elon University's home is the charming town of Elon, North Carolina, a small, friendly community located a short distance from the beach and the mountains, and among the vibrant cities of Greensboro, Raleigh and Durham. In addition to the beautiful canopy of historic oak trees iconic to our campus, you'll find boundless opportunities for family-friendly recreation, cultural events and outdoor activities. Hiking, water sports, fine dining and entertainment are just a few of the many happenings in the Elon area, making the region one of the nation's premier travel destinations.

Employees at Elon enjoy a generous and comprehensive benefits package that includes:

  • 28 annual days off, including holidays and vacation.
  • Immediate tuition remission for employees.
  • Retirement plan with an 8 percent contribution from the university.
  • Immediate eligibility for health, dental and vision insurance, along with free acute care and lab services at our onsite Health & Wellness Clinic.
  • Free use of campus fitness facilities.
  • Free admission to musical and theater performances, guest speakers, religious and ethnic observances, recitals, art exhibitions, entertainment and our Division I Phoenix athletics.
  • Eligibility for tuition remission at Elon for spouses, qualifying domestic partners and dependents begins at three years of service. After four years of employment, eligibility begins for participation in the Tuition Exchange, a national scholarship exchange program that enables dependents to enroll in nationally recognized partner colleges and universities.



Elon values and celebrates the diverse backgrounds, cultures, experiences and perspectives of our community members. As an equal opportunity employer, Elon's principles of diversity extend to race and gender identity, age, disability status, veteran status, sexual orientation, religion, and other aspects of one's identity. At Elon, our employees respect human differences, passion for lifelong learning, emphasis on personal integrity and an ethic of service.

Education Requirements
A bachelor’s degree is required. A MA or MBA degree from an accredited college or university is preferred. Other preferred credentials include holding a CPA license.Higher Education experience is preferred

Degree/Major: BS in Accounting or related field
Length of Experience: seven to ten years experience in accounting or budgeting and cash management.
Supervisory Experience: Yes

Supervisory Experience Detail
This position supervises three positions

Special Skills or Experience
Strong knowledge Microsoft Word, PowerPoint, Excel, Outlook, SharePoint and Teams is required.
Strong analytical and organization skills. Must have the ability to analyze information and form conclusions.
Ability to manage multiple prioritiesDevelop collaborative relationships across the university

Special Instructions to Applicants
Please submit your cover letter, a resume, salary requirements and a list of three references to apply for this position at the end of the application

Posting Date: 11/23/2022
Closing Date:
Open Until Filled: Yes

General Purpose of Position
The Director of Budget and Cash Management is responsible for providing oversight and coordination of the university budget process. The Director works collaboratively with leaderships and departments across campus on budget matters using a problem-solving approach. The Director attends meetings of the University Budget Committee and develops presentations for the Committee, university budget forums and the Board of Trustees. The Director monitors budget to actual performance and provides reporting to the Finance and Administration Committee of the Board as well as projections of year end surplus. The Director also provides oversight and guidance for the university’s endowment. Other responsibilities include the management of the university’s working capital including cash forecasting.

Essential Duties and Responsibilities
Responsibilities of the position include:

Budget Process o Coordinate process for budget manager requests for operations, positions and capital o Maintains the university budget model o Attends University Budget Committee meetings and provides budget analysis to the Committeeo Assists the AVP and VP for Finance and Administration with tuition, FFTE and discount rate analysis. o Maintains capital planning spreadsheet for forecasting capital projects and fundingo Participates in monthly capital planning meetings with University Architect, AVP and VP for Finance and Administration.

Forecasting and scenario analysis o Maintains the university forecasting tool o Develops financial scenarios to assist with projecting capital project financing o Determines debt capacity and impact on debt service coverage ratio o Prepares analysis of projected Year End Balance results. o Works with Elon university external financial advisor to develop financing scenarios

Preparation of Presentations
o Prepares presentations for Board of Trustees, and related Committees
o Develops presentations for the university budget forums o Develops ad hoc analysis and presentations for Vice President for Finance and Administration
Management of university working capital o Monitor cash balances to support operations o Provide cash forecasting to external funds manager for cash flow needso Supervises reconciliation of university bank accounts o Maintains bank relationships and updates required information as needed o Maintains internal control policies over cash management

Endowment Reporting o Ensure accurate financial reporting of the university’s endowment o Review endowment reconciliations and journal entrieso Oversee the NACUBO endowment survey

Year End Balance Analysiso Prepare analysis of university budget surplus o Work with constituents across campus for analysis of spendingo Analyze trends and project year end surplus

Other responsibilities o Provides support to debt financing for capital projects o Provides support to annual financial audit including financial statement and footnote review. o Supports technology initiatives o Mentor and provide professional development to staff.

Education and Experience
BS in Accounting, Finance or related field
MBA and/or CPA preferred
7-10 years of related experience, preferably in Higher Education

Does this position require driving for the university? No

Additional Information


To apply, visit https://elon.peopleadmin.com/postings/9198

Elon University is an equal employment opportunity employer committed to a diverse faculty, staff and student body and welcomes all applicants.

Elon University has built a national reputation as a premier student-centered arts and sciences university that values strong relationships between students and their faculty and staff mentors. Elon is ranked among the top-100 National Universities by U.S. News & World Report, with a No. 1 ranking for excellence in undergraduate teaching and No. 9 for innovation. Global engagement is central to Elon’s experience and the Institute of International Education has ranked the institution No. 1 in the nation for study abroad for 16 straight years. In addition, Elon is the only university in the nation ranked in the top-20 by U.S. News for excellence in all eight academic programs “Focused on Student Success.” Elon’s more than 7,000 students prepare to become the resilient, ambitious and ethical leaders the world needs, putting their knowledge into action on campus, in the community and around the globe.




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