Director of Budget and Financial Planning

2 weeks ago


Norman, Oklahoma, United States InsideHigherEd Full time
Job Summary

The Director of Budget and Financial Planning will be a key member of the Athletics Business Office, reporting directly to the Deputy AD/CFO and Business Strategy. This senior-level position will be responsible for managing the athletics department's overall annual budget, providing financial analysis and evaluation, and ensuring compliance with NCAA regulations.

Key Responsibilities
  • Financial Planning and Analysis: Develop and manage the annual budget for the athletics department, including revenue and expense projections, and provide regular financial reports to senior leadership.
  • Budget Management: Oversee the preparation of monthly budget reports, monitor department cash and reserve balances, and ensure that expenses do not exceed allocated budgets.
  • Financial Reporting: Prepare and analyze real-time and monthly department income statements, and develop dynamic forecasting models to support business decisions.
  • Compliance and Risk Management: Ensure compliance with NCAA regulations, including the Equity in Athletics Disclosure Act and the Agreed-Upon Procedures for financial data.
  • Financial Operations: Manage the OU Foundation financials, including transactions, reconciliations, and cash balances, and work with the Compliance Office to prepare and monitor annual scholarship and financial aid expenses.
  • Financial Analysis and Reporting: Conduct analysis of monthly department expense transactions and spending data, and prepare analytics reports as requested by senior leadership.
  • Special Projects: Assist with long-range financial planning, including planning for expense and revenue sides, and impact of capital projects on the department's financials.
Requirements
  • Education: Bachelor's Degree in Accounting, Finance, Business, Management, or related field.
  • Experience: 48 months of working experience in a complex financial role or related experience.
  • Skills: Strong financial background, ability to review and analyze numbers, proficiency with Microsoft Office suite, particularly Excel, and knowledge of accounting, audit preparation, fiscal management, budgetary principles and processes.


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