Strategic Budget Director — Financial Planning & Analysis

California-Institute-of-Technology; Pasadena (CA); On-site; USD 199,000 - 235,000; Full time

Job summary

California Institute of Technology in Pasadena, CA seeks a highly motivated Budget Director to lead budgeting, forecasting, and analysis. Reporting to the CFO, the role oversees operating and capital budgets, with direct reports, and provides strategic leadership on financial planning.

The Budget Director develops complex financial models, presents to the Board, and partners with senior leadership to drive budgeting strategy across programs and funds.

Qualifications

• Bachelor’s degree in Business, Finance, Accounting or related field.
• 10 years' experience in financial analysis, budgeting, and reporting.
• Three years’ experience and knowledge of fund accounting is required
• Advanced knowledge of Microsoft Excel and experience with database tools is essential.
• Superior verbal and written skills and ability to explain complex financial data to all constituents.

Responsibilities

• Directs the development and administration of the Institute's annual and long-range operating and capital budgets, including budget planning and policy development.
• Prepares the annual operating budget for General Budget, Gifts and Grants, Endowment, Sponsored Research and Auxiliary fund sources.
• Develops and updates complex revenue models, including endowment payout, tuition and fees, federal research and indirect costs recovery.
• Oversees the budgeting and reporting of faculty and staff salary and benefits; Develops and maintains financial models to determine the cost of the annual salary increase program for general budget and designated funds.
• Oversees the budgeting and reporting of the annual capital budget including the allocation of spending to the appropriate funding sources (bonds, gifts and general budget).

Skills

Budget analysis

Communication skills

Organizational skills

Interpersonal skills

Analytical thinking

Education

Bachelor’s degree in Business, Finance, Accounting or related field

Master’s degree (preferred)

Tools

Microsoft Excel

Job description

California Institute of Technology in Pasadena, CA seeks a highly motivated Budget Director to lead budgeting, forecasting, and analysis. Reporting to the CFO, the role oversees operating and capital budgets, with direct reports, and provides strategic leadership on financial planning.

The Budget Director develops complex financial models, presents to the Board, and partners with senior leadership to drive budgeting strategy across programs and funds.