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Rutgers The State University Vice President for Financial Planning and Analytics-Chief Budget Officer in New Brunswick, New Jersey

Position Details

Position Information

Recruitment/Posting Title Vice President for Financial Planning and Analytics-Chief Budget Officer
Job Category Staff & Executive - Executive
Department UFA-Financial Planning & Analy
Overview
RUTGERS, THE STATE UNIVERSITY OF NEW JERSEY

Rutgers, the State University of New Jersey, is a premier national research university and the State's land-grant institution. It is recognized as New Jersey's preeminent, comprehensive public institution of higher education. As one of the nation's oldest and largest higher education institutions, the University comprises 29 schools and colleges operating across three geographic centers and is present in the State's 21 counties.
Rutgers University-New Brunswick, an R-1 institution, is a member of the Association of American Universities and the Big Ten Academic Alliance. Rutgers University-Camden is a prominent R-2, community-engaged Minority Serving Institution (AANAPISI), offering a world-class academic experience just steps from Philadelphia. Rutgers University-Newark, situated outside New York City, is a diverse urban institution designated as an R-2 and Minority Serving Institution (AANAPISI & HSI) and a committed and active anchor institution in its home city.
Three of Rutgers' chancellor units - Camden, Newark, and New Brunswick - are ranked among the top 50 public universities by U.S. News & World Report. Rutgers Health serves as a statewide academic healthcare provider, encompassing eight of the University's schools and a variety of centers and institutes dedicated to biomedical, clinical, and translational research. Over 1,300 health professionals affiliated with Rutgers see more than 2.8 million patients annually. Recognized as one of New Jersey's largest employers, Rutgers consistently earns accolades as one of the best places to work.
Posting Summary
VICE PRESIDENT FOR FINANCIAL PLANNING AND ANALYTICS - CHIEF BUDGET OFFICER

Rutgers, the State University of New Jersey, seeks a visionary and strategic leader for the Vice President for Financial Planning and Analytics-Chief Budget Officer (VPFPA-CBO). This position will be pivotal in shaping the University's financial future and integral to guiding long-term strategic planning. The VPFPA-CBO will play a key role in developing financial plans, evaluating the impact of long-range planning, and driving new enterprise-wide initiatives while fostering business analytics and ensuring data integrity across Rutgers. The University recently adopted a policy to guide and develop a holistic, highly analytical, and forward-looking approach to budgeting, financial management, and resource planning and allocation. The VPFPA-CBO will significantly advance this policy, transform and modernize Rutgers' financial and analytical functions, shape culture, and guide critical decisions that impact long-term planning for the University.
As a leading research institution, Rutgers is the premier public University and the flagship institution of New Jersey. The university champions teaching excellence, cutting-edge research, and innovative, best-in-class services, solutions, and clinical care. Rutgers is home to 8,700 faculty, 14,900 staff, and over 69,000 undergraduate and graduate students across campuses in New Brunswick, Newark, and Camden, and a significant academic and clinical health sciences presence that spans the State. Rutgers' Division of University Finance and Administration (UFA) advances the University's strategic priorities by managing all central financial, administrative, and student information systems and processes.
Reporting directly to the Executive Vice President (EVP) - Chief Financial Officer and University Treasurer, and serving on the UFA leadership team, the VPFPA-CBO will develop and implement comprehensive financial strategies that support Rutgers' mission, strategic goals, and core educational and administrative objectives. The VPFPA-CBO will provide university-wide leadership and strategic oversight in financial planning, budgeting, and data analytics. As a senior advisor to the EVP, the VPFPA-CBO will represent the EVP as needed and appropriate.
Rutgers has retained Isaacson, Miller, a national executive search firm, to assist in conducting this important search and identifying outstanding candidates. As indicated at the end of this document, all inquiries, applications, and nominations for this opportunity should be directed to the search firm.KEY OPPORTUNITIES + CHALLENGES
The successful candidate will be a collaborative, creative leader who can provide a fresh perspective and analytical rigor to Rutgers' budgeting and financial planning while serving as a trusted strategic thought partner to the University's financial leaders. Specifically, the VPFPA-CBO will be expected to address the following opportunities and challenges:

Lead Budget and Financial Planning

The VPFPA-CBO leads the development and execution of comprehensive budgeting and financial planning strategies, including long-range planning and multi-year projections for the University and its cost centers. In partnership with Chief Business Officers from Chancellor Units, the VPFPA-CBO will craft and implement budgets, business plans, and long-term economic plans for their respective campuses. The VPFPA-CBO oversees the budget and planning process, ensuring alignment with the University's strategic mission and goals, primarily through the Responsibility-Center Management (RCM) budget tool. Rutgers is a large and very decentralized institution. The VPFPA-CBO will manage the highly complex budgetary issues across the University, analyzing critical decisions' short-term and long-term financial impacts and working with unit leaders to help them understand how decisions in one part of the University affect and influence others.
Serve as a Resident Expert, Educator, and Thought Partner to the Rutgers Community
The VPFPA-CBO will represent the financial division by presenting budget plans, capital forecasting, and other critical topics to the Board of Governors and Trustees. To ensure the VPFPA-CBO keeps abreast of industry best practices, the VPFPA-CBO will attend conferences, workshops, and educational programs, sharing knowledge within the higher education community through presentations at industry events. They will share knowledge and drive financial business planning competence across the University by designing and delivering training programs that equip university leaders to develop strategic, operational, and capital budgets aligned with institutional goals.
The VPFPA-CBO will provide data, tools, and in-depth financial and business analysis to support executive decision-making, strategy formulation, growth planning, and significant initiatives. The units overseen by the VPFPA-CBO prepare interim forecasts, performance metrics, and ad hoc financial analyses to the EVP-CFO and other campus leaders to ensure informed decision-making and to provide templates and documents that support consistency and uniformity across budgets, reports, and planning.
Champion Financial Sustainability Initiative
Rutgers has recently adopted a financial sustainability policy to ensure the institution's long-term financial health by charting a strategic, multi-year approach to financial planning. The VPFPA-CBO will be a strategic partner to the EVP-CFO and the President's Cabinet in developing and implementing initiatives to strengthen financial performance, financial position, and asset management. They will also collaborate closely with the Chief Business Officers of the Chancellor Units to advance efforts to generate and diversify revenue, increase operational efficiency and effectiveness, reduce costs, and comprehensively assess programs. They will leverage strong communication skills to increase transparency, enable the free exchange of ideas and information, and ensure that each unit understands how their actions and decisions impact one another and the University as a whole. To support, guide, and assess the efficacy of this work, the VPFPA-CBO and their team will also provide stakeholders with the necessary data and analytics.
Support Capital Planning
The VPFPA-CBO will collaborate closely with the EVP-CFO and the Vice Presidents for Finance and for Planning, Development, and Design to maintain the University's multi-year capital plan. The VPFPA-CBO will provide essential financial data to assess debt requirements and evaluate the impacts of capital decisions on the balance sheet. They will ensure that the strategic financial model incorporates capital needs and supports the institution's long-term growth objectives.
Lead New UFA Data Team and Promote a Data-Driven Culture
UFA recently created a Data Analytics and Reporting team to support financial systems literacy at Rutgers and produce and provide the financial reports, analytics, models, forecasts, and projections needed by business units across the University. A new Chief Data Officer (CDO) was recently hired to support this work. The VPFPA-CBO will be expected to create structure and provide direction to this developing team, integrating the group into the UFA division and broader Rutgers ecosystem.
As the leader of data stewardship for UFA, the VPFPA-CBO will bring a forward-thinking approach and a continuous improvement mindset to data analytics, strategically guiding analytical activities to most effectively enhance financial and strategic planning, budgeting, and executive decision support. Collaborating with the CDO and the VP for Institutional Research and Decision Support, the VPFPA-CBO will promote sound business analytics and maintain data integrity. To ensure data-driven insights inform resource allocation and strategic decisions, the VPFPA-CBO will advance proposals for IT system enhancements that support and further the University's analytical capacities. To this end, the VPFPA-CBO will partner closely with the Vice President of UFA Operations and Project Executive and the Vice President of Enterprise Applications and Advanced Research Computing to implement and optimize system modifications and upgrades. The VPFPA-CBO will be acutely aware that continuous improvement of processes is vital to support the University's strategic objectives and will always look for ways to adopt new technologies, automate workflows, reduce risk, and enhance the quality of financial information.
Lead, Manage, and Grow a Strong Team

The VPFPA-CBO will provide leadership and supervision to Financial Planning & Analytics, which includes the UFA Financial Planning, Analysis, and Budget team and the UFA Data Analytics and Reporting team. They will be expected to develop and support these teams, utilizing seasoned members' institutional knowledge and expertise while providing mentorship and encouraging professional development for all team members. The VPFPA-CBO will cultivate a culture of flexibility, creativity, mutual respect, integrity, and shared accountability, motivating teams to provide a high level of service across the University. Given Rutgers' strategic goals around financial sustainability and analytics, it will be imperative that the VPFPA-CBO recruit, retain, and build a talented team of budget and finance professionals that can support and sustain institutional needs and priorities.
Position Status Full Time
Hours Per Week
Daily Work Shift
Work Arrangement
FLSA Exempt
Grade
Position Salary
Annual Minimum Salary 0.000
Annual Mid Range Salary 0.000
Annual Maximum Salary 0.000
Standard Hours 37.50
Union Description
Payroll Designation PeopleSoft
Benefits
Rutgers offers a comprehensive benefit program to eligible employees. For details, please go to http://uhr.rutgers.edu/benefits/benefits-overview.
Seniority Unit
Terms of Appointment Staff - 12 month
Position Pension Eligibility ABP
Qualifications

Minimum Education and Experience
  • Bachelor's degree in finance, business, or a related field.
  • Ten (10) years of relevant experience in higher education, non-profit organizations, or corporate environments.
Certifications/Licenses
Required Knowledge, Skills, and Abilities
  • Demonstrated record of professional achievement with a strong reputation for financial acumen, particularly in budget management, forecasting, and data-driven analytics.
  • Exceptional communication skills with the ability to effectively present complex financial information to senior leadership and governing boards.
  • Proven success in identifying and implementing organizational improvements, including leveraging technology to drive efficiency and effectiveness.
  • Recognized for integrity, high ethical standards, sound judgment, and a creative, enthusiastic approach to leadership.
  • Strong collaborative abilities, with a history of working effectively with internal and external stakeholders.
  • Extensive managerial experience, including leading and developing high-performing teams.
Preferred Qualifications
  • Master's degree.
Equipment Utilized
Physical Demands and Work Environment
Special Conditions
Posting Details

Posting Number 24ST2815
Posting Open Date 12/09/2024
Special Instructions to Applicants
Rutgers, The State University of New Jersey, has engaged the firm Isaacson, Miller to manage this search process. All applicants must complete the following two-step process to be considered:
  1. Apply via Rutgers' career site using the link on this posting.
  2. Apply (including resumes and letters of interest responding to the opportunities and challenges outlined above) to the Isaacson, Miller executive search team via the link below.
Dan Rodas, Partner
Amble Ryan, Managing Associate
Nicole Sancilio, Senior Search Coordinator
Isaacson, Miller
https://www.imsearch.com/open-searches/rutgers-university/vice-president-fpa-cbo
Regional Campus Rutgers University-New Brunswick
Home Location Campus Off Campus
City Piscataway
State NJ
Location Details
Pre-employment Screenings

All offers of employment are contingent upon successful completion of all pre-employment screenings.
Immunization Requirements

Under Policy 100.3.1 Immunization Policy for Covered Individuals, if employment will commence during Flu Season, Rutgers University may require certain prospective employees to provide proof that they are vaccinated against Seasonal Influenza for the current Flu Season, unless the University has granted the individual a medical or religious exemption. Additional infection control and safety policies may apply. Prospective employees should speak with their hiring manager to determine which policies apply to the role or position for which they are applying. Failure to provide proof of vaccination for any required vaccines or obtain a medical or religious exemption from the University will result in rescission of a candidate's offer of employment or disciplinary action up to and including termination.

Affirmative Action/Equal Employment Opportunity Statement

It is university policy to provide equal employment opportunity to all its employees and applicants for employment regardless of their race, creed, color, national origin, age, ancestry, nationality, marital or domestic partnership or civil union status, sex, p regnancy, gender identity or expression, disability status, liability for military service, protected veteran status, affectional or sexual orientation, atypical cellular or blood trait, genetic information (including the refusal to submit to genetic testing), or any other category protected by law. As an institution, we value diversity of background and opinion, and prohibit discrimination or harassment on the basis of any legally protected class in the areas of hiring, recruitment, promotion, transfer, demotion, training, compensation, pay, fringe benefits, layoff, termination or any other terms and conditions of employment. For additional information please see the Non-Discrimination Statement at the following web address: http://uhr.rutgers.edu/non-discrimination-statement

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