The Assistant Vice President for Financial Planning and Budget (AVP) reports to the Vice President for Finance and Administration and will work closely with the senior leadership of the College and the Board of Trustees to enable the strategic aims of the institution. S/he is responsible for developing and directing effective budget and planning processes, performing high quality financial analyses along with actionable recommendations, and communicating financial information and insights to the senior leadership, faculty, staff and Board of Trustees.
• The AVP will strengthen the College’s budgeting and financial planning and support strategic decision-making by developing a comprehensive understanding of the financial complexities and competing needs of the organization, and developing useful and robust analyses and long-term financial models to inform discussions of critical issues. • Develops strong, collaborative relationships with senior leadership, administrators, faculty, staff, and the Board of Trustees. Communicates effectively regarding the financial health of the organization in the context of the strategic priorities of the College.
• Partners with the AVP for Finance in ensuring the overall management of the financial functions of the College. Works with the AVPs for HR and Facilities to ensure that the division of Finance and Administration provides the College community with excellent and efficient service.
• Performs financial analyses in key operating revenue and expense areas to identify key drivers, trends, benchmarks, risks and opportunities, and recommends appropriate actions. Develops and presents financial reports, metrics and analyses to increase understanding and improve decision-making.
• Develops and leads a budget process that is holistic and transparent to meet the current and future needs of Wellesley College. Works with senior leaders to provide budgetary and analytic support to optimize the deployment of resources. Proactively works with department leaders to improve financial outcomes.
• Administers the College’s annual capital budget process. Works with senior leaders to identify short-term and long-term needs for funding of capital projects and a process to prioritize those needs.
• Works closely with the Provost’s office to provide assistance with financial modeling and analyses to support development of the budget. Provides support to the Provost’s office in determining optimal funding sources for academic program priorities including assignment of endowed funds.
• Works closely with Resources/Development staff as well as Wellesley’s Investment Office to ensure that the College’s budget and financial plans reflect the key revenue sources of the College.
• Collaborates with the AVP for Facilities Management and Planning to support the ongoing campus renewal program. Ensures the campus renewal program is completed on budget and employs appropriate financial controls. Enhances the financial modeling of sources and uses underlying this multi-year plan.
• Staffs the Budget Advisory Committee (BAC), which is a committee of Academic Council and composed of faculty, staff and students. This committee is charged with advising the President on key budgetary matters.
• Identifies and engages with division, department and program leaders to implement changes in processes and systems to improve service and cost effectiveness in support of Wellesley’s programs and mission.
• Institutes a high-level quarterly financial projection/forecast process; manages sources and uses of restricted and unrestricted funds; and conducts year-end processes to manage reserve balances and communicate financial results.
• Bachelor’s Degree required, MBA or other Finance or related graduate degree preferred • 7-10 years progressively responsible experience in financial management, resource planning, financial analysis and budget development. • Demonstrated knowledge of financial accounting; experience with non-profit accounting and endowment management strongly preferred. • Demonstrated success in leading and managing financial and budget matters at a complex organization; experience in higher education strongly preferred. • Demonstrated success providing high quality analysis and recommendations that influenced outcomes and improved financial outcomes across functions. • Ability to communicate financial information and insights directly and effectively to a variety of audiences; ability to link financial information to strategic priorities of the institution. • Demonstrated success in working collaboratively and building effective working relationships at all levels and across functions of the organization; models and practices positive and inclusive leadership; comfortable and confident in engaging with others in managing change. • Demonstrated ability to establish credibility and trust with broad and diverse constituencies within a complex organization based upon integrity, critical thinking, outstanding work ethic and operational performance, and excellent interpersonal skills. • Superb analytical and writing ability. • Distinct appreciation for Wellesley College’s mission.
Non Ministrari sed Ministrare. "Not to be ministered unto, but to minister," proclaims Wellesley's motto, capturing in four Latin words the College's mission: To provide an excellent liberal arts education for women who will make a difference in the world.
Smart, serious women choose Wellesley because it offers one of the best liberal arts educations—and total learning environments—available an...ywhere. But they graduate with more than a highly regarded degree and four memorable years. They leave as “Wellesley women,” uniquely prepared to make meaningful personal and professional contributions to the “real world”—and to be major influences in it.
The world’s preeminent college for women, Wellesley is known for intellectual rigor, its belief in the enduring importance of service (and putting that belief into practice), and its cultivation in students of an inclusive, pragmatic approach to leadership.