Director of Financial Planning & Analysis - 2002075
Required Qualifications (as evidenced by an attached resume):
Bachelor's Degree (foreign equivalent or higher) in Accounting, Financial Analysis, Finance, Economics, Mathematics, Statistics, Business Administration, or a related field. Ten (10) years of full-time, directly related, progressively responsible experience in Finance, Accounting, Budgeting, or Financial/Business Planning. Five (5) years of experience in a leadership or managerial capacity. Proven experience using database tools (ERP, Tableau, financial planning, business intelligence, etc.) for data extraction and statistical packages for data analysis. Proficiency in Microsoft Office Suite and Google suite of applications.
Preferred Qualifications (as evidenced by an attached resume):
MBA or Master's Degree (foreign equivalent or higher) in Accounting, Financial Analysis, Finance, Economics, Mathematics, Statistics, Business Administration or a related field. Twelve (12) or more years of full-time, directly related, progressively responsible experience in Finance, Accounting, Budgeting, or Financial/Business Planning. Experience analyzing, synthesizing, and presenting data, drawing conclusions, and developing actionable recommendations. Experience implementing ERP and Business Intelligence (BI) tools like Adaptive Planning, NetSuite, Oracle, etc. Experience developing and analyzing financial information within a non-profit, government, or higher education setting. Experience defining, incorporating, and reporting on financial and/or non-financial key performance indicators. Experience with complex corporate financial modeling, analysis (sensitivities, projections), reporting, budgeting, or forecasting.
Brief Description of Duties:
In this highly visible role within the Office of the Senior Vice President for Administration and Finance, and under the guidance of the Associate Vice President for Financial Planning & Analysis, the Director of Financial Planning & Analysis (Director, FP&A) will provide critical leadership and support for the University's key metrics development and financial planning, forecasting, and decision-making processes. The Director, FP&A will serve as an integral member of the FP&A team in the development, interpretation, analysis, and decision-making methodology for Stony Brook's financial planning and resource allocation and optimization.
The ability to effectively communicate and interact across the full spectrum of different perspectives and personalities will be particularly important as the incumbent will be expected to help drive the provision of a holistic financial plan that soundly allocates and best utilizes University funding sources.
For success, the Director, FP&A must be able to strongly leverage technology such as business intelligence, analytical, and other reporting tools in the delivery of meaningful financial analysis insights, effectively solve problems, and accomplish organizational goals. To that end, the incumbent must possess a solid financial systems background with the utilization of financial reporting systems, data query tools, and computer applications being second nature. The role will require advanced technical, analytical, and technological proficiency as the Director, FP&A will play a vital function in the University's long-term financial planning and ability to pursue special initiatives by providing data to drive leadership decisions.
The incumbent will be expected to become a subject-matter expert in various State, Research Foundation, and University budget and financial planning guidelines, while also having the creative rigor to drive continuous process improvements and the development of new financial frameworks. Accordingly, exceptional active listening skills with a strong customer service orientation to find solutions to complex problems are needed.
The ideal candidate should be a highly motivated and inquisitive big-picture thinker with the skill to drill down to details while still having the know-how to seamlessly influence across all levels and clearly communicate often complex financial information with ease. Additionally, the capacity to work independently and as a team player in a fast-paced, multifaceted professional environment as well as outstanding supervisory and organizational skills with the ability to oversee multiple projects and tasks simultaneously will be essential.
Financial Planning & Analysis:
Develop FP&A to become a more proactive and analytical unit with a special focus on budget optimization and institutional strategic financial analysis.
Provide economically sound business and financial insights, analysis, and advice that enhances decision-making, drives the formulation of enlightened strategies, and actionable initiatives that are aligned with and support the University's mission and priorities.
Perform financial analysis, planning, and reporting on University operations at both a micro and macro level to inform decision-making.
Prepare analyses of divisional and departmental financial performance, including margin analysis of revenue producing cost centers.
Manage the University's short-term and long-term financial forecast model, collaborating closely with other campus offices to provide detailed forecasting reports with variance analysis.
Develop and articulate thorough and compelling business cases based on data to action University plans and special projects.
Develop the business and financial models to project, evaluate, and quantify impact of three (3) year business plan while identifying actions needed to execute University strategies and initiatives.
Report on key assumptions and perform sensitivity analysis on major drivers of financial position.
Financial Reporting & Presentations:
Develop and report on key business metrics that accurately measure the University's financial position, State & SUNY compliance, and other business performance.
Conduct and oversee ad-hoc analyses to inform teams on operating strategies, investment recommendations, and new business opportunities.
Lead in preparation of succinct and clear financial and narrative materials for the University President, SVP of Administration & Finance, AVP for Financial Planning & Analysis, and other senior executives.
Financial Technology & Tools:
Partner with the AVP for Financial Planning & Analysis to develop and maintain mid and long-term financial planning tools to support strategic planning.
Develop, implement, and maintain business information and analytical tools and applications.
Scale Financial Planning & Analysis systems and processes to support growth within the organization.
Contribute to development of alternate approaches and process improvements by making recommendations based on experience, risk, cost-benefit analysis, and business impact.
Resource Allocation & Stewardship:
Optimize the utilization of financial resources to ensure realization of maximum value and benefits.
Serve as a steward of University's finances safeguarding and improving our financial health.
Develop data-driven frameworks for how the University evaluates project investments and makes resource allocation decisions.
Additional Duties & Responsibilities as Assigned:
Other duties or projects as assigned as appropriate to rank and departmental mission.
This is a Management Confidential position. This is a full time appointment. FLSA Exempt position, not eligible for the overtime provisions of the FLSA. Minimum salary threshold must be met to maintain FLSA exemption.
Resume/CV and cover letter should be included with the online application.
Stony Brook University is committed to excellence in diversity and the creation of an inclusive learning, and working environment. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, pregnancy, familial status, sexual orientation, gender identity or expression, age, disability, genetic information,veteran status and all other protected classes under federal or state laws.
If you need a disability-related accommodation, please call the university The Office of Equity and Access (OEA) at (631) 632-6280 or visit OEA
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Job Field: Administrative & Professional (non-Clinical)
Primary Location: US-NY-Stony Brook
Department/Hiring Area: Financial Planning & Analysis-Stony Brook University
Schedule: Full-time Shift: Day Shift Shift Hours: 8:30AM to 5:00PM Pass Days: Sat, Sun
Posting Start Date: Aug 18, 2020
Posting End Date: Sep 18, 2020, 3:59:00 AM
Salary: Commensurate with Experience
Salary Grade: MP3
Appointment Type: Regular
Internal Number: 2002075
About Stony Brook University
FROM ITS BEGINNINGS A HALF-CENTURY AGO, STONY BROOK UNIVERSITY HAS BEEN CHARACTERIZED by innovation, energy and progress, transforming the lives of people who earn degrees, work and make groundbreaking discoveries here. A dramatic trajectory of growth has turned what was once a small teacher preparation college into an internationally recognized research institution that is changing the world.