Director of Financial Modeling
Role Mission:
The Finance Team strives to support the leadership at IDEA as we work together to meet and exceed our ambitious financial and student achievement goals. As the Director of Financial Modeling, you will lead high-stakes work through significant partnership with and influence of senior internal leaders and external stakeholders on areas of technical expertise. You will be responsible for leading the development, improvement and maintenance of complex financial models across the organization for IDEA Public Schools (Texas operations) and IPS Enterprises, Inc. (non-Texas operations) by working collaboratively with all stakeholders to help execute the strategic financial vision for our growing organization.
Supervisory Responsibilities:
• Lead the development of mathematical, analytical, statistical constructs and models to understand the impact of operating across existing and new regions.
• Serve as a subject-matter expert on financial modeling functions and partner with senior leaders on special projects to support strategic decision-making.
• Collaborate with financial planning team to align financial model outcomes with annual budgeting and proforma processes.
• Train internal stakeholders on the purposes and outcomes of regional financial models.
• Drive the development of key financial inputs based on regional regulatory and funding environment and nuances
• Strategically partner with Human Assets to develop staffing and compensation models for long-term financial projections. Partner with other departments as needed to vet and align financial inputs.
• Strategically assess new regions for financial viability and advise senior leaders on expansion plans.
• Serve as a subject-matter expert on financial projections in key funder meetings and board meetings for new region expansion efforts.
• Assess existing financial model structures and identify areas for strategic improvement.
• Develop and update modeling methodologies based on industry best practices and integrate into existing financial models across all IDEA and IPS regions.
• Educate key stakeholders on methodology improvements, including approach, rationale and impact.
• Partner with Software Development and Financial Planning and Analysis to upgrade dashboards by including financial modeling outputs.
• Maintain updated financial modeling information in dashboards.
• Manage IDEA’s existing growth tracker and evolve the tracker into a new custom-created software solution.
Location:
National role: This is a full-time remote position based in Texas, with preference given to candidates who live in Austin, El Paso, Houston, Permian Basin (Midland/Odessa), Rio Grande Valley, San Antonio, and Tarrant County (Fort Worth), or who are willing to relocate.
Travel Expectations:
Up to 20% of the time during the busiest parts of the year.
What You’ll Do – Accountabilities
Essential Duties:
Lead the maintenance of long-term financial models for existing regions based on IDEA’s strategic plan, national expansion and program changes.Develop financial models for new regions and regions under consideration across IDEA and IPS entities Develop financial models for all new regions that the Growth team identifies as viable in non-financial areas, such as governance structure, authorizer conditions, political environment, and philanthropic support. Create a vision for long-term financial planning and financial modeling within the organization and drive the improvement of modeling methodologies across regions. Lead the integration of financial modeling data into new and existing financial software and dashboards.
Additional Duties and Responsibilities:
• Lead the development of mathematical, analytical, statistical constructs and models to understand the impact of operating across existing and new regions.
• Serve as a subject-matter expert on financial modeling functions and partner with senior leaders on special projects to support strategic decision-making.
• Collaborate with financial planning team to align financial model outcomes with annual budgeting and proforma processes.
• Train internal stakeholders on the purposes and outcomes of regional financial models.
• Drive the development of key financial inputs based on regional regulatory and funding environment and nuances
• Strategically partner with Human Assets to develop staffing and compensation models for long-term financial projections. Partner with other departments as needed to vet and align financial inputs.
• Strategically assess new regions for financial viability and advise senior leaders on expansion plans.
• Serve as a subject-matter expert on financial projections in key funder meetings and board meetings for new region expansion efforts.
• Assess existing financial model structures and identify areas for strategic improvement.
• Develop and update modeling methodologies based on industry best practices and integrate into existing financial models across all IDEA and IPS regions
• Educate key stakeholders on methodology improvements, including approach, rationale and impact.
• Partner with Software Development and Financial Planning and Analysis to upgrade dashboards by including financial modeling outputs.
• Maintain updated financial modeling information in dashboards.
• Manage IDEA’s existing growth tracker and evolve the tracker into a new custom-created software solution.
Knowledge and Skills – Competencies
Make Sound Decisions: This leader makes decisions that have a broad organizational impact. They consider the ethical, strategic, and operational aspects of decisions, ensuring they align with the organization’s mission and values. They also set policies on decision-making processes and standards to ensure consistency and alignment across the organization. Manage Work and Teams: This leader makes decisions that have a broad organizational impact. They consider the ethical, strategic, and operational aspects of decisions, ensuring they align with the organization’s mission and values. They also set policies on decision-making processes and standards to ensure consistency and alignment across the organization.Grow Self and Others: This leader makes decisions that have a broad organizational impact. They consider the ethical, strategic, and operational aspects of decisions, ensuring they align with the organization’s mission and values. They also set policies on decision-making processes and standards to ensure consistency and alignment across the organization.Build Trust and Psychological Safety: This leader makes decisions that have a broad organizational impact. They consider the ethical, strategic, and operational aspects of decisions, ensuring they align with the organization’s mission and values. They also set policies on decision-making processes and standards to ensure consistency and alignment across the organization. Communicate Deliberately: This leader makes decisions that have a broad organizational impact. They consider the ethical, strategic, and operational aspects of decisions, ensuring they align with the organization’s mission and values. They also set policies on decision-making processes and standards to ensure consistency and alignment across the organization.
Required experience:
• Bachelor’s Degree in business administration, public/non-profit administration, accounting, finance, economics or related field
Preferred experience:
• Master’s degree or higher in business administration, public/non-profit administration, accounting, finance, economics or related field preferred
Physical Requirements:
This is a sedentary position.The ability to move safely over uneven terrain or in confined spacesThe ability to see and respond to dangerous situations
What We Offer:
Compensation & Benefits:
Salaries for people entering this role typically fall between $98,200 and $115,900, commensurate with relevant experience and qualifications and in alignment with internal equity. This role is also eligible for performance pay based on organizational performance and goal attainment.
Additionally, we offer medical, dental, and vision plans, disability, life insurance, parenting benefits, flexible spending account options, generous vacation time, referral bonuses, professional development, and a 403(b) plan. You can find more information about our benefits at https://ideapublicschools.org/careers/benefits/.
* IDEA may offer a relocation stipend to defray the cost of moving for this role, if applicable.
Application process:
Submit your application online through Jobvite. Please note that applications will be reviewed on an ongoing basis until the position is filled. Applicants are encouraged to apply as early as possible.
Learn more about IDEA
At IDEA the Staff Culture and Belonging Team uses our Core Values to promote human connection and a culture of integrity, respect, and belonging for all Team and Family members. Learn more about our Commitment to Core Values here: https://ideapublicschools.org/our-story/#core-values
IDEA Public Schools does not discriminate on the basis of race, color, national origin, age, sex or disability, in admission or access to, or treatment of employment in its programs and activities. Any person having inquiries concerning the organization's compliance with the regulations implementing Title VI of Civil Rights Act of 1964 (Title VI), Section 504 of the Rehabilitation Act of 1973 (Section 504), or Title II of the Americans with Disabilities Act of 1990 (ADA), may contact IDEA Human Resources at (956) 377-8000.