Description

About Salve Regina University:
 

Salve Regina University, ranked as one of the most transformative colleges in the United States by Money Magazine, is a comprehensive Catholic University located in the scenic coastal community of Newport, Rhode Island. The University's commitment to academic success and personal discovery extends beyond its historic campus into a dynamic world where the application of higher thinking and skill are most valued. Salve Regina offers bachelor's and master's degree programs, graduate certificates, and doctoral programs in humanities, international relations and nursing. Enrollment includes more than 2,600 undergraduate and graduate students from across the U.S. and around the world. 

Job Description:
 

This position is eligible for up to two days remote work per week.

BASIC FUNCTION:

The Director of Budgeting leads the university-wide efforts in budget development and fiscal monitoring. Reporting to the Vice President for Operations and Chief Financial Officer, this role is responsible for ensuring the University's financial resources are allocated efficiently to support the University's mission and strategic priorities. The Director serves as the lead developer of the annual operating and capital budgets, providing executive leadership with data-driven insights for long-term institutional decision making and sustainability.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Budget Development:

Lead the development, implementation, and management of the University's annual and multi-year operating and capital budgets.

Strategic Fiscal Planning: 

Assists the Chief Financial Officer in strategic fiscal planning for both the short term and long term.

Financial Modeling and Analysis:

Develop complex multi-year financial forecasting models to assess institutional sustainability and inform executive leadership leading to high-level decision-making.

Performance Oversight:

Monitor departmental spending throughout the fiscal year, providing regular variance reports and provide key input to financial summaries for senior leadership and the Board of Trustees.

System Implementation:

Act as the campus lead for the roll-out of new budget and forecasting software, managing data integration and staff training.

Budget Education & Training:

Develop and lead workshops and one-on-one training sessions for campus budget managers to enhance financial literacy and mastery of reporting tools, fostering a culture of fiscal accountability across campus.

Strategic Collaboration:

Partner with campus leaders during the annual budget cycle to identify reallocation opportunities and fund new initiatives that align with the university's strategic plan. Facilitate regular budget review meetings to discuss variance reports, identify trends, and co-create solutions for fiscal challenges.

Data Integrity:

Manage the budget module of the University's ERP system, ensuring accuracy in position control and departmental allocations.

Policy & Compliance:

Ensure all budgetary actions comply with institutional policies, internal controls, and external regulatory requirements. 

Mission-Driven Alignment:

Work closely with university leaders so that resource allocation reflects the university's commitment to its Mercy mission.

OTHER DUTIES AND RESPONSIBILITIES:

• Represent the Business Office on university-wide committees.
• Assists the Assistant VP for Finance/Controller in overseeing the fiscal integrity of all awarded grants in whatever manner necessary
• Assist in the preparation of materials for the annual financial audit.
• Perform other job-related duties as requested by the Vice President for Operations and CFO

LICENSES, TOOLS, AND EQUIPMENT:

N/A

ENVIRONMENTAL CONDITIONS:

Primary work is performed in a professional office setting.

Additional Information:
 

Salve Regina University offers generous benefits to eligible employees including (waiting periods apply):

health, dental and vision coverage available on the first of the month following date of hire
403(b) retirement plan through TIAA with employee and employer contributions as well as access to advising services
long-term disability coverage
employer-paid life and AD&D insurance
up to 100% free tuition at Salve for eligible employees and qualified dependents
robust wellness program and free access to the on-campus Fitness Center

Other available benefits include:

supplemental life insurance for employees and dependents
supplemental insurance coverage through Aflac
Tuition Exchange scholarship program. Application available for qualified dependents of eligible employees working full-time
discounted pet insurance through ASPCA
student loan forgiveness assistance program (SAVI)
employee Assistance Program through Health Advocate
flexible spending health and dependent care accounts
health savings accounts
529 collegebound saver program
paid parental leave and adoption assistance
For more detailed information on Salve's benefits, visit https://salve.edu/human-resources/benefits.

Salve Regina University strives to cultivate belonging values through diversity, equity inclusion in order to foster a welcoming culture for our staff, faculty and students, as well as the wider community.  Salve Regina University embraces all people with grace. No matter the path traveled to get here, the University acknowledges that many identities will intersect. Salve Regina belongs to all in its community.

Requirements

Required:

• Bachelor's degree in Finance, Accounting, Economics, or a related field.
• 5+ years of progressively responsible experience in financial management, budgeting, or accounting.
• Demonstrated ability to communicate complex financial concepts to non-financial audiences.
• Strong knowledge of Generally Accepted Accounting Principles (GAAP), accounting best practices, and experience with annual audits.
• Demonstrated ability to act as a fiscal liaison between departments, the Business Office, and external funding agencies.
• Advanced skills in Microsoft Excel and experience with enterprise financial systems such as Ellucian or Adaptive Planning.
• Proven ability to build trusting relationships across a diverse community.
• Capable of assessing issues, recommending solutions, and maintaining confidentiality.
• Skill in navigating competing departmental priorities with diplomacy, fairness, and a solution-oriented mindset.

Preferred:

• Master's degree (MBA, MPA) or professional certification (CPA, CMA).
• Previous experience in a Higher Education or complex non-profit setting.
• Experience with various budget models and institutional approach.
• Experience with ERP systems and system conversions.