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Director of Finance

Harvard University

Website

HARVARD UNIVERSITY

Any candidate wishing to be considered for this position must supply a cover letter in addition to their resume.

Reporting to the Sr. Director of Business Operations, the Finance Director is responsible for directing the financial analyses and processes to prepare annual budgets, mid-year forecasts, multi-year financial plans, multi-year capital plans and monthly, quarterly and year-end management reporting and analysis. The Director leads the Finance team, serves as a key contributor to analyze the ongoing financial performance of Professional Education (PPE), and provides financial support for new initiatives aimed at achieving financial sustainability.

The Director presents analytics, financial data, and recommendations to senior leadership to facilitate strategic financial decision making, develop business plans, and effectively manage a sustainable and growing organization. This role directs program and project budgeting, modeling, forecasting, performance tracking, variance analysis, and reporting prepared by members of the department. The Director identifies and evaluates policies and procedures and contributes to implementing structures and processes that improve PPE’s operational capacity.

The Director evaluates and conducts program and product pricing and cost analysis, benchmarking against both peer institutions and sector competition. In addition to reviewing contracts, this position serves as the primary source of expert information for the group with regard to financial policies, sponsor requirements, and HGSE and Harvard policies ensuring compliance. The Director works closely with the HGSE Finance Office and other Harvard colleagues to ensure that all parties are aware of key financial issues.

Typical core duties:

• Responsible for effective management for a team of 5-6 staff, including hiring and orientation, training and development, workflow and performance management, and the promotion of an inclusive and innovative work environment.  Directly supervise the PPE Financial Analyst and Financial Manager.
• Serve as a leader and full partner in major decisions, advising senior and departmental leadership on key initiatives, business models, and strategic directions.
• Direct financial analysis processes, analyze business critical systems, and proactively resolve strategic issues that may span multiple areas.
• Develop and implement strategies for: budgeting; forecasting, modeling & projecting; identifying & explaining variances; financial reporting; expense reductions; cost containment; and revenue enhancements.
• Develop and maintain forecasting model for capital and operating budgets, develop long-range financial forecast, and develop capital and operating performance targets.
• Direct the annual budget process including establishing and communicating the budget process, overseeing the coordination of annual budget meetings and compilation of budget requests, formulating recommendations to present data strategically and clearly to school leadership, drafting annual budget narrative, and submitting the budget to Central Administration.
• Partner with finance leadership on multi-year financial plans and capital budgeting process.
• Perform modeling and ad-hoc analysis related to major drivers of PPE financial performance (i.e. endowment modeling, tuition modeling, sponsored research, etc.) in support of annual and multi-year plans.
• Perform strategic and quantitative financial analysis for administrative, academic and research initiatives such as new educational initiatives, cost center ROI, etc.
• Identify opportunities and champion major initiatives for continuous improvement in support of internal controls and financial reporting processes.
• Serve as a liaison to the University Office of Financial Strategy and Planning.
• Collaborate with University-wide finance leadership to develop financial processes, policies and procedures.

*Basic Qualifications :
  • Bachelor’s degree or equivalent work experience required
  • A minimum of 7 years relevant work experience
  • Supervisory experience

 

*Additional Qualifications and Skills :
  • MBA or Master’s degree in relevant field
  • Knowledge of Microsoft Office Suite, advanced excel skills
  • Knowledge of advanced financial operations principles
  • Knowledge of Microsoft Office Suite, advanced Excel and PowerPoint skills.
  • Advanced knowledge of budget management, financial analysis and financial modeling; working knowledge of accounting principles.
  • Demonstrated experience with financial systems and data query tools