Director Budget and Risk Management Bookmark this Posting Print Preview | Apply for this Job Posting Details Posting Detail Information Posting Number S02813 Position Title Director Budget and Risk Management Internal Position Title Director Budget and Risk Management Department Finance Department Position Type Staff Job Family Administrative Job Summary The Director of Budget and Risk Management is responsible for assisting and supporting all aspects of the development and implementation of the college’s operating and capital budgets. Provides continuous support to college units on budget operations and provides continuous monitoring and reporting of actual results against planned budget. Supports effective and efficient financial resource allocation and utilization for the college to meet its goals and objectives. Develops financial models and provides analytical support for resource development and allocation decisions for new and existing programs. The Director of Budget and Risk Management reports to the Vice President for Business Services and Finance/Chief Financial Officer ( CFO ), Why choose the College of Lake County for your next opportunity? The College of Lake County ( CLC ) offers a competitive salary, excellent benefits that includes Blue Cross Blue Shield of Illinois health, Delta Dental and Superior Vision insurance plans, tuition support for employees and qualified family members, three retirement plans, disability, group and supplemental life insurance, health and dependent care flexible spending account plans, a four-day work week in the summer (Fridays off!), generous vacation, sick and personal time off and 14 paid holidays each year. CLC is a comprehensive community college located in northeastern Illinois committed to being an innovative educational institution providing life-changing paths for our students by offering exceptional learning experiences. CLC achieved a milestone in 2023 with its designation as a Leader College. This national recognition awarded by the Achieving the Dream Network is the result of improved student outcomes through the CLC’s relentless commitment to transformational change and the implementation of innovative practices within the student success model over the past few years. CLC aspires to be a place where every student succeeds, every employee thrives, so that every business achieves and every community grows. Our mission is to be innovative and value-driven in supporting student success through developing and encouraging employees of all backgrounds on their journey toward achieving personal and professional growth. Required Qualification(s) + Bachelor’s degree from an accredited college or university in accounting, finance or related field. + A minimum of seven (7) years of progressive experience in budget and financial analysis. + A minimum of five (5) years of leadership and supervisory experience. + Advanced proficiency with Excel & PowerPoint. + Basic Proficiency with MS Office suite of products Desired Qualification(s) + Master’s Degree + Minimum of ten (10) years experience with Budget and Financial Analysis. + Prior Experience with PeopleSoft and/or Workday ERP + Bi-lingual Spanish and English Posting Date 09/12/2024 Closing Date Expected Start Date Special Instructions Summary Interviews will continue until this position is filled. Pay Rate $125,400 - $134,500/annual Full-Time/Part-Time Full-Time Location Grayslake Total Hours per week 40.00 Work Schedule Monday through Friday with evenings and weekends as needed. Position may require work outside of standard work schedule. Interview Process Requirements None EEO Statement The College of Lake County is an equal opportunity employer and has a strong commitment to diversity. In that spirit, it seeks a broad spectrum of candidates including minorities, women and people with disabilities. Summary of Essential Functions Financial, Budget and Risk Management (50%) + Develop and maintain the College’s long-range financial models to inform decision-making, and provide summary information related to revenues, expenses, and related assumptions. + Coordinate the annual operating and capital budget process. + Develop thorough, in-depth, and accurate financial analyses on a variety of strategic initiatives, projects, and programs, and provide recommendations for decision-making and opportunities for improvement. + Regularly perform budget analyses and identify areas of concern and opportunities. + Oversees the day-to-day budget operations to ensure compliance and uniformity with college and state-wide budgeting and accounting policies, procedures, regulations, and statutes. + Proactively monitor, identify, and communicate relevant regulations, issues, and trends that may impact the College’s long-term financial health and business operations. + Continually and in detail track all budget adjustments/changes to the Board approved budget throughout the year. + Monitors budget performance and evaluates fluctuations due to unexpected changes in economic conditions, enrollment, state funding, or policy. + Prepares monthly management reports including analysis of variances between actual and budget. + Continuous review of the budget reporting system for accuracy and opportunity for improvements + Coordinates the preparation and submission of required budget reports. + Coordinates the preparation, consolidation, analysis, and distribution of the annual budget. + Development, adjustments, and reconciliation of detailed annual expenditure budget by units. Strategic Leadership and Project Management (30%) + Educate and train department managers, chairs, and other constituents on budget best practices and college policies and provide guidance during the annual budget process. + Provide leadership in advancing financial planning and analyses, including strengthening financial analysis, planning, and oversight. + Provides reports, analysis, assumptions, projections, and presentations of budgetary data as requested to support leadership needs including decision support, Board presentations, state and government requests, etc. + Works with data sets and analytics tools in support of the college’s strategic plan, multiyear financial plan, and key performance metrics. + In coordination with senior leadership, develop, recommend, and implement improvements and enhancements to the budgetary planning process. + Provides presentations, budget training, support, and budget guides to university departments and office staff. + Maintains strong customer service relationships with all, including administrators, deans, department heads, and budget managers. Personnel Management (10%) + Effectively manages and evaluates budget staff. + Coach, mentor, and develop employees + Remains current and require staff to remain current on relevant budget rules, regulations, and laws. + Directly hire, lead, manage, support, and empower employees on the Budget and Risk Management team for job success at the College. Other (10%) + Participate in strategic and/or functional cross-departmental teams, committees, and councils at the request of the division or unit leaders. + Participate in professional associations/organizations and educational activities that enhance subject matter expertise and leadership competencies, knowledge, understanding, and interpersonal skills. + Remain knowledgeable of current state and federal laws, regulations, and best practices in the field of appointment ensuring the College’s policies, procedures, practices, and programs conform to laws and regulations and align with the mission, vision, values, and strategic goals of the College. + Perform any and all other duties assigned that support the mission, vision, values, and strategic initiatives of the College of Lake County and the goals of the department, division, and unit of appointment. Posting Specific Questions - supplemental questions Required fields are indicated with an asterisk (*). + * Do you have a Bachelor’s degree or higher from an accredited college or university in accounting, finance or related field? + Yes + No + * Do you have a minimum of seven (7) years of progressive experience in budget and financial analysis? + Yes + No + * Do you have a minimum of five (5) years of leadership and supervisory experience? + Yes + No + * Do you have a Master's degree or higher? + Yes + No + * Do you have a minimum of 10 years experience with Budget and Financial Analysis? + Yes + No + * Do you have experience working within a Workday ERP or PeopleSoft ERP? + Yes + No Applicant Documents Required Documents + Resume + Cover Letter Optional Documents + Unofficial Transcript 1