Director of Budgeting
About Salve Regina University
Salve Regina University, ranked as one of the most transformative colleges in the United States by Money Magazine, is a comprehensive Catholic University located in the scenic coastal community of Newport, Rhode Island. The University's commitment to academic success and personal discovery extends beyond its historic campus into a dynamic world where the application of higher thinking and skill are most valued. Salve Regina offers bachelor's and master's degree programs, graduate certificates, and doctoral programs in humanities, international relations and nursing. Enrollment includes more than 2,600 undergraduate and graduate students from across the U.S. and around the world.
Job Description
This position is eligible for up to two days remote work per week.
BASIC FUNCTION
The Director of Budgeting leads the university-wide efforts in budget development and fiscal monitoring. Reporting to the Vice President for Operations and Chief Financial Officer, this role is responsible for ensuring the University's financial resources are allocated efficiently to support the University's mission and strategic priorities. The Director serves as the lead developer of the annual operating and capital budgets, providing executive leadership with data-driven insights for long-term institutional decision making and sustainability.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Budget Development: Lead the development, implementation, and management of the University's annual and multi-year operating and capital budgets.
Strategic Fiscal Planning: Assists the Chief Financial Officer in strategic fiscal planning for both the short term and long term.
Financial Modeling and Analysis: Develop complex multi-year financial forecasting models to assess institutional sustainability and inform executive leadership leading to high-level decision-making.
Performance Oversight: Monitor departmental spending throughout the fiscal year, providing regular variance reports and provide key input to financial summaries for senior leadership and the Board of Trustees.
System Implementation: Act as the campus lead for the roll-out of new budget and forecasting software, managing data integration and staff training.
Budget Education & Training: Develop and lead workshops and one-on-one training sessions for campus budget managers to enhance financial literacy and mastery of reporting tools, fostering a culture of fiscal accountability across campus.
Strategic Collaboration: Partner with campus leaders during the annual budget cycle to identify reallocation opportunities and fund new initiatives that align with the university's strategic plan. Facilitate regular budget review meetings to discuss variance reports, identify trends, and co-create solutions for fiscal challenges.
Data Integrity: Manage the budget module of the University's ERP system, ensuring accuracy in position control and departmental allocations.
Policy & Compliance: Ensure all budgetary actions comply with institutional policies, internal controls, and external regulatory requirements.
Mission-Driven Alignment: Work closely with university leaders so that resource allocation reflects the university's commitment to its Mercy mission.
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