Director of Finance and Budget - Financial Management Director

Director of Finance and Budget - Financial Management Director

The Director of Finance and Budget provides strategic and operational financial leadership and oversight for all financial operations of the College, ensuring compliance with MinnState policy and procedures.

This position is responsible for the strategic development and execution of the College's budget planning process and provides executive-level budget planning information, fiscal management reports, and strategic financial analysis to the President, Vice President for Finance and Operations, and other college leaders to inform strategic decision-making.

The Director provides leadership and oversight to the following units Procurement, Contracts & Division Support, Student Support, Accounts Receivable, and Budget & Financial Reporting. These units provide a comprehensive range of financial services and business operations, ensuring efficiency, accuracy, and strategic alignment with the College's mission and goals.

These areas include accounting services, accounts payable, financial reporting, contracts, purchasing, student payroll, employee reimbursements, student billing and tuition collections, student payments, student financial aid financial processing / accounting, third-party invoicing, cashiering, banking deposits and reconciliations, collections, bookstore MBS, income contracts, manual receivables, parking & foundation deductions, reconciliations (Bremer / Swift to ISRS / Workday), check writing, contract development, management and training, delegations of authority, equipment and fixed asset management, invoice payments, notary, P-Card management and training, and business expenses.

The incumbent possesses strong accounting acumen, communication skills (both oral and written), and exercises significant independent judgment in the development, interpretation, and implementation of institution-wide fiscal policy and strategy.

The Director also acts on the college's behalf regarding budget, contract, and fiscal matters in the absence of the Vice President of Finance and Operations and strategically representing the college with the MinnState system Office in critical projects.

Principal Responsibilities and Results

1. Strategic Coordination, Oversight, and Policy Implementation for Budget Development, Management and Forecasting.

• Ensures Effective Communication and Training Strategies : Oversees the development and implementation of communication and training related to budget policies and processes.
• Provide leadership and strategic guidance in collaboration with college leaders to identify budget priorities, propose budget policies, determine resource needs, recommend resource allocation strategies, and drive initiatives to accomplish college strategic goals.
• Establishes the overall framework and timeline for the budget cycle, ensuring alignment with institutional goals for annual budget of approximately $60M.
• Develops High-Level Budget Guidelines and Priorities : Creates overarching instructions and priorities for budget development, in line with the VP Finance and Operations strategic direction.
• Oversees the Consolidation and Analysis of Budgets : Directs the compiling and initially analyzing departmental budget requests.
• Formulates Strategic Budget Recommendations : Develops high-level recommendations for resource allocation based on institutional priorities and financial constraints for presentation to the VP Finance and Operations and senior leadership.

Budget Monitoring and Compliance :

Budget Forecasting :

2. Financial Reporting and Analysis :

3. Oversight of Business Operations :

4. Supervising and Training :

5. Perform other duties as assigned to ensure the smooth functioning of the department and maintain the reputation of the organization as a viable business partner.