Code
5315
PCLS
N3049
Pay Grade
204
Exempt
Yes
ORP
Yes
EEO Code
1
Title
Director of Budget and Strategic Financial Planning
Description

The Director of Budget and Strategic Financial Planning (Director) reports to the Vice President for Administration and Finance (VPAF) and serves as a key strategic partner in financial planning and analysis to support long-term financial health and sustainability through deployment of university resources.  Assists in the development, monitoring, and review of the university’s annual operating and capital budgets, preparation of financial forecasting and projections, enrollment modeling, and provision of impactful data analysis for executive decision-making. The Director also coordinates the preparation and submission of required budget reports specified by external agencies including the Texas Higher Education Coordinating Board, Legislative Budget Board, and State Comptroller’s Office.  The Director serves as an expert resource regarding budget questions, financial analyses and reports, along with special ad hoc requests.  The Director makes budgetary presentations to appropriate entities and the administration as requested.  The Director supervises one and one-half budget professionals, and works collaboratively with the directors in the Administration and Finance Division as led by the VPAF.

Examples

Oversees the day to day budget operations to ensure compliance and uniformity with university, Texas Tech University System (TTUS), and state-wide budgeting and accounting policies, procedures, regulations, and statutes.  Responsible for developing criteria, formats, and guidelines to be used by budget managers in the preparation of their annual operating and budget requests. Prepares revenue and expenditure projections and forecasts for budget modeling and analysis. Forecasts tuition and fee revenue; estimated waivers, cohort levels, exemptions, and promotional pricing. Prepares semester credit hour projections. Oversees Position Control / Salary Planner module to ensure accuracy, fiscal responsibility, and compliance within university and Texas Tech University System (TTUS) policies, procedures, and state guidelines. Ensures State appropriated dollars are used within statutory guidelines and allocates funding sources as appropriate in the operating budget. Responsible for assisting the VPAF with closing out each fiscal year’s budget, to include but not limited to: budget pool cleanup, analyzing budgets and making suggestions to fund deficits accounts, and preparing documents for fiscal year-end budget rollover. Responsible for timely reporting of salary savings and open positions as it pertains to the operating budget.  Prepares the biennial Legislative Appropriation Request (LAR); reviews state reports on headcount enrollment activity and semester credit hours as it impacts future formula funding; responsible for annual submission of the Administrative Accountability report, Budget Assessment Report, quarterly USAS – ABEST, and FTE reports.  Assists with Budget Oversight Committee, leads the Account Managers Group, serves on task forces as available, and represents MSU Texas through the Texas Association of Senior State College and University Business Officers. Prepares financial reports and analyses for the TTUS administration and Board of Regents. Addresses and resolves budget related issues identified through audits, budget analysis, or internal/external inquiry through investigation, review, and research. Performs other job-related duties as assigned. 

Physical Condition

Regular computer keyboard, mouse, and monitor use. Repetitive arm, hand, finger motions. Typical work environment includes working at a desk for long periods of time.

Experience

At least five (5) years relevant full-time work experience required.  Higher education finance experience with knowledge of Texas state government budget procedures preferred.

Knowledge

Knowledge of financial planning and budget management principles, policies, laws, and regulations, as applied to institutions of higher education.  Strong technology comfort in personal computer use, as well as, advanced knowledge and proficiency with Microsoft Office Suite, analytical tools, and ERP systems, (e.g., Banner and other job-related databases and software). Working knowledge of Generally Accepted Accounting Principles (GAAP); Governmental Accounting Standards Board (GASB) pronouncements and standards; Fund Accounting. 

Education

Bachelor’s degree required, preferably in Accounting, Business Administration, or Finance. CPA, CMA, and/or Master’s degree in business related field preferred.

Additional Requirements

Requires the ability to work well with diverse populations and maintain positive working relationships with students, faculty, staff, and the community. Ability to communicate effectively orally and in writing. Ability to work independently and make decisions within the framework of broad goals and objectives. Excellent organizational skills, project management, analytical and problem-solving skills. Ability to reason/analyze, research and resolve problems.  Ability to maintain confidentiality, be attentive to details, and meet deadlines. Ability to show initiative, organize workflow, manage projects, and handle frequent interruptions. Ability to supervise, teach, and mentor others.  Strong organizational skills including the ability to plan, prepare, and compile detailed data. May work long or irregular hours related to budget development or special projects. *Regular reliable attendance is required. *This position is designated as security sensitive (High) and requires a criminal background check.

Last Updated 02-15-2022