Wentworth Institute of Technology · 3 weeks ago
Assistant Vice President, Financial Planning and Analysis
Boston, MA
Full-time
Hybrid
Senior Level, Lead/Staff
$160K/yr - $208K/yr
10+ years expWentworth Institute of Technology is a prominent educational institution focused on engineering and technology. The Assistant Vice President of Financial Planning & Analysis will lead financial planning processes, provide decision support to executive leadership, and ensure compliance with non-profit accounting standards.
Higher Education
No H1B
Responsibilities
Long range strategic financial planning Work closely with the Senior Vice President (SVP) and CFO on budget development, long-term financial projections, pro forma planning, cost benefit analysis, program/unit performance
Build/refine dynamic planning tools to enable scenario planning within multi-year operational and capital financial plans
Provide decision support to academic and administrative leaders to evaluate initiatives, enrollment strategies, tuition models, and capital projects
Support analysis on projects, programs and initiatives for which there is a financial component. Such projects may include private-partnership projects, and third party vendor partnerships
Financial Reporting & Analysis Ensure that academic and administrative leaders can access and effectively use key financial reports that can support daily/ongoing decision making
Develop strong partnerships with academic and administrative leaders to supplement self-service reporting with more detailed trend analysis
Partner with key stakeholders to develop analysis of trends within key areas, including enrollment, net tuition, auxiliary revenue, capital spending, and provide recommendations for long-range planning
Partner with Controller to ensure that accounting standard operating procedures and internal controls (SOPIC) are supporting ongoing budgeting reporting & analysis
Partner with technical experts to enhance and maximize use of executive and department-level reporting
Budget Development and Ongoing Forecasting Lead the annual budget process, including providing analysis and recommendations throughout the budget cycle to ensure sustainability and strategic alignment
Lead in-year performance analysis, including quarterly reforecasts; identify variances and partner with academic and administrative leaders to develop tradeoff-based solutions
Partner with Controller and accounting team to conduct quarterly financial closes, and provide year-over-year flux analysis
Partner with Controller during annual close; create and analyze a wide range of financial statements in support of WIT’s annual core financial audit
Community engagement & executive level communication Present complex financial data in clear, actionable formats for a broad audience
Build cross-functional, trusted partnerships relationships that support financial transparency and data-informed planning across the organization
Have a collaborative, open, and inquisitive style that encourages innovation and thoughtful experimentation
Build and nurture strong relationships with internal teams, partners, and stakeholders to facilitate proactive communication and collaboration across all financial functions
Be an influential leader with the ability to elevate the performance of the team – individually and collectively
Leadership & Team Development Supervise one Senior Financial Analyst
Serve as senior member of the WIT finance team leadership team, helping to foster a culture of service, collaboration, and excellence
Partner with Controller to ensure that the Accounting and Financial Planning teams are aligned throughout all phases of the annual financial cycle
Partner with other senior members of the WIT finance team to foster a culture of service, promote equity, diversity, and inclusion in resource planning and financial decision-making
Qualification
Required
Bachelor's degree in Finance, Accounting, Business Administration, or related field
10 years of progressively responsible experience in financial services, preferably in higher education
Strong proficiency in financial modeling, forecasting, and variance analysis
Demonstrated ability to communicate financial information clearly to non-financial stakeholders
Experience leading teams and managing complex financial systems and processes
Strong interpersonal skills, collaborative mindset, and ability to build trust across departments and hierarchical levels
High attention to detail and the ability to synthesize complex financial and operational data for executive use
Experience managing change related to systems implementation, budget reform, or institutional transformation
Preferred
Master's degree; MPA, CPA, MBA, or similar financial certification
Knowledge of fund accounting, GASB standards, and nonprofit financial reporting
Experience with tuition pricing models, enrollment management, grant funding, and auxiliary operations
Proficiency in Workday Financial Management modules, including general ledger, budgeting, reporting, and grants management
Company
Wentworth Institute of Technology
Founded in 1904, Wentworth Institute of Technology provides a comprehensive, interdisciplinary, project-based education in architecture and design, computing and data science, engineering, management, and sciences and humanities that integrates classroom, laboratory, studio, cooperative and experiential learning to develop career-ready, skilled professionals, and engaged citizens.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Bobby Malkasian
OSHA AND WELDING INSTRUCTOR
Kimberly McLean
Office Assistant at the Center for Commnity and Learning Partnerships
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