Position Summary: The Pennsylvania State University seeks candidates for the position of University Budget Officer, an executive-level position reporting directly to the Executive Vice President and Provost. The University Budget Officer is a senior member of Penn State's financial leadership team responsible for leading the University Budget Office and for the formulation, development, and assessment of the University's budget and resource allocation policies. The primary responsibilities include the day-to-day management of two divisions: Budget and Reporting and Information Resources.
Penn State's next University Budget Officer will join the staff at a critical time. The University is in a position of financial strength, but significant change is on the horizon. A new financial system to be implemented in the next few years (selection of system planned to be approved by Board of Trustees in September 2017) will allow for wholesale business process transformation. The new University Budget Officer will be a key driver of decision-making that is pivotal to Penn State's success and growth, including more strategic budgeting, longer-term planning, and deeper analysis of unit-level budgeting to inform top-line, five-year planning.
The University Budget Officer plays a unique and crucial role at Penn State, as s/he is one of only a few individuals at the University who have both the broadest understanding of various units and colleges across the University and the depth of insight into each of those units. Accordingly, the University Budget Officer must be able to speak competently to all levels of leaders across the University—from Trustees, to the senior leadership team of the University (the President, Provost, Senior Vice President for Finance and Business), to the various deans and unit leaders—both in detail and in high-level, strategic terms about planning, budgeting, and implications of various decisions.
To that end, the University Budget Officer works collaboratively with senior leaders throughout the University to ensure a consistent direction for budget planning, implementation, and institutional reporting. S/He leads the University Budget Office's involvement in broad institutional initiatives such as enterprise system modernization, strategic plan implementation, and budget planning and policies.
Specific Responsibilities: The University Budget Officer will take on financial responsibility for a complex $5.1 billion organization with 24 campuses. Like many other public and research universities, Penn State is challenged each year to do more with less. Preferred candidates for the University Budget Officer role will be both analytical and creative thinkers with the ability to collaborate across many business units to achieve new levels of success for the university.
The next University Budget Officer will assume leadership at a critical juncture for the Budget Office and for Penn State as a whole. The University is entering an enterprise wholesale business transformation: it recently implemented a new student enterprise system LionPATH, will soon be launching Workday for HR, and is actively seeking a solution for a new finance system anticipated to be implemented in 2020. Penn State seeks an experienced financial executive who can lead the University Budget Office during this important and transformative period.
The responsibilities of the role and expectations for the individual in it include the following: • Develop, implement, monitor, and control the University's annual operating budget. This includes developing the annual Commonwealth appropriations request for operations and long-range forecasts and various models and scenarios that inform budget planning and resource allocation decisions at Penn State. • Anticipate and respond to budget challenges and opportunities, including ones related to federal research funding. • Provide substantial support to the Board of Trustees and its committees regarding financial and budgetary issues, including preparing and presenting high-level briefings to the Finance, Business, and Capital Planning Committee five times per year. • Lead discussions about maintaining affordability for Penn State students while continuing to evolve the institution's profile and augment available resources. • Serve as a primary office for complying with the University's internal and external reporting requirements and support the advancement of institutional data resources to provide official data for mandated federal and state reporting. • Support the budget planning and strategic planning processes by participating in deliberations of committees and task forces, and conceptualizing and overseeing the preparation and presentation of analytical studies and reports. • In concert with the Senior Vice President for Finance and Business and Associate Vice President for Finance and Corporate Controller engage in conversations about the university's long-term budgetary and financial needs. • Manage, lead, and mentor a diverse, professional staff of 28. • The Person: The University Budget Officer will possess a Master's degree or higher in a business-related field, e.g. accounting or finance, plus at least 15 years of experience in a senior-level position in higher education budget administration, or an equivalent combination of education and experience. Penn State seeks a candidate with: • Demonstrated experience in preparing and presenting complex financial information to executives, large groups, and governing boards, often under tight deadlines. • Demonstrated ability to articulate complex financial and budgetary concepts to a wide range of audiences including Boards in writing and through oral presentations. • Experience envisioning and implementing transformational change, with the ability to think strategically and implement discipline in budgeting, ensure sound financial reporting, and analyze new opportunities. • Executive presence: poise, presence, and strong interpersonal skills to interact with a variety of constituents and stakeholders, and to establish productive working relationships with other senior administrative leaders, deans, faculty, staff, and students. • Experience in leading/managing diverse groups of professional staff and complex, cross-organizational projects. Ability to build, nurture, and retain a strong team of professionals. • A demonstrated commitment to fostering and advancing a diverse and inclusive workforce. • Exceptional organizational and management skills, and creativity in identifying and providing solutions and budget scenarios. Ability to be a strong administrator and change agent.
Nomination/Application Information: Review of nominations and applications will begin immediately and continue until the position is filled. Nominations and applications should be submitted via the Heidrick & Struggles website at: PSUBudget@heidrick.com
Penn State is an equal opportunity, affirmative action employer, and is committed to providing employment opportunities to all qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.