Job Summary
The Director of Budget and Risk Management is responsible for assisting and supporting all aspects of the development and implementation of the college’s operating and capital budgets.
Provides continuous support to college units on budget operations and provides continuous monitoring and reporting of actual results against planned budget.
Supports effective and efficient financial resource allocation and utilization for the college to meet its goals and objectives.
Develops financial models and provides analytical support for resource development and allocation decisions for new and existing programs.
The Director of Budget and Risk Management reports to the Vice President for Business Services and Finance / Chief Financial Officer (CFO),
Why choose the College of Lake County for your next opportunity? The College of Lake County (CLC) offers a competitive salary, excellent benefits that includes Blue Cross Blue Shield of Illinois health, Delta Dental and Superior Vision insurance plans, tuition support for employees and qualified family members, three retirement plans, disability, group and supplemental life insurance, health and dependent care flexible spending account plans, a four-day work week in the summer (Fridays off!), generous vacation, sick and personal time off and 14 paid holidays each year.
CLC is a comprehensive community college located in northeastern Illinois committed to being an innovative educational institution providing life-changing paths for our students by offering exceptional learning experiences.
CLC achieved a milestone in 2023 with its designation as a Leader College. This national recognition awarded by the Achieving the Dream Network is the result of improved student outcomes through the CLC’s relentless commitment to transformational change and the implementation of innovative practices within the student success model over the past few years.
CLC aspires to be a place where every student succeeds, every employee thrives, so that every business achieves and every community grows.
Our mission is to be innovative and value-driven in supporting student success through developing and encouraging employees of all backgrounds on their journey toward achieving personal and professional growth. Required Qualification(s)
- Bachelor’s degree from an accredited college or university in accounting, finance or related field.
- A minimum of seven (7) years of progressive experience in budget and financial analysis.
- A minimum of five (5) years of leadership and supervisory experience.
- Advanced proficiency with Excel & PowerPoint.
- Basic Proficiency with MS Office suite of products
Desired Qualification(s)
- Master’s Degree
- Minimum of ten (10) years experience with Budget and Financial Analysis.
- Prior Experience with PeopleSoft and / or Workday ERP
- Bi-lingual Spanish and English
Summary of Essential Functions Financial, Budget and Risk Management (50%)
- Develop and maintain the College’s long-range financial models to inform decision-making, and provide summary information related to revenues, expenses, and related assumptions.
- Coordinate the annual operating and capital budget process.
- Develop thorough, in-depth, and accurate financial analyses on a variety of strategic initiatives, projects, and programs, and provide recommendations for decision-making and opportunities for improvement.
- Regularly perform budget analyses and identify areas of concern and opportunities.
- Oversees the day-to-day budget operations to ensure compliance and uniformity with college and state-wide budgeting and accounting policies, procedures, regulations, and statutes.
- Proactively monitor, identify, and communicate relevant regulations, issues, and trends that may impact the College’s long-term financial health and business operations.
- Continually and in detail track all budget adjustments / changes to the Board approved budget throughout the year.
- Monitors budget performance and evaluates fluctuations due to unexpected changes in economic conditions, enrollment, state funding, or policy.
- Prepares monthly management reports including analysis of variances between actual and budget.
- Continuous review of the budget reporting system for accuracy and opportunity for improvements
- Coordinates the preparation and submission of required budget reports.
- Coordinates the preparation, consolidation, analysis, and distribution of the annual budget.
- Development, adjustments, and reconciliation of detailed annual expenditure budget by units.
Strategic Leadership and Project Management (30%)
- Educate and train department managers, chairs, and other constituents on budget best practices and college policies and provide guidance during the annual budget process.
- Provide leadership in advancing financial planning and analyses, including strengthening financial analysis, planning, and oversight.
- Provides reports, analysis, assumptions, projections, and presentations of budgetary data as requested to support leadership needs including decision support, Board presentations, state and government requests, etc.
- Works with data sets and analytics tools in support of the college’s strategic plan, multiyear financial plan, and key performance metrics.
- In coordination with senior leadership, develop, recommend, and implement improvements and enhancements to the budgetary planning process.
- Provides presentations, budget training, support, and budget guides to university departments and office staff.
- Maintains strong customer service relationships with all, including administrators, deans, department heads, and budget managers.
Personnel Management (10%)
- Effectively manages and evaluates budget staff.
- Coach, mentor, and develop employees
- Remains current and require staff to remain current on relevant budget rules, regulations, and laws.
- Directly hire, lead, manage, support, and empower employees on the Budget and Risk Management team for job success at the College.
Other (10%)
- Participate in strategic and / or functional cross-departmental teams, committees, and councils at the request of the division or unit leaders.
- Participate in professional associations / organizations and educational activities that enhance subject matter expertise and leadership competencies, knowledge, understanding, and interpersonal skills.
- Remain knowledgeable of current state and federal laws, regulations, and best practices in the field of appointment ensuring the College’s policies, procedures, practices, and programs conform to laws and regulations and align with the mission, vision, values, and strategic goals of the College.
- Perform any and all other duties assigned that support the mission, vision, values, and strategic initiatives of the College of Lake County and the goals of the department, division, and unit of appointment.
Director, Category Management Pharmaceutical R&D Discovery and Research
The Director Category Management will have aunique opportunity to build and shape the global procurement organization,TRANSFORMINGit into abest-in-class professional procurement organization in terms of performance, structure, processes, and team member development. Proven leadership capabilities an...
Director Enterprise Risk Management
Leverages automation and analytics tools to enhance change management implementation and oversight, ensure holistic change management reporting, and integrate with other business and risk reporting. Engages collaboratively with business and risk partners to understand pain points, identify improveme...
Director of Data Content and Strategy
This role requires strategic thinking, exceptional negotiation skills, and building and maintaining relationships with data providers and key internal and external stakeholders. We are seeking a highly motivated and experienced professional to join our team as the Director of Data Content and Strate...
Director, HR Business Partner- Product Management, Digital & Loyalty
Influences assigned Business Unit Division leadership team on matters of organizational development and design, development and implementation of strategies for talent acquisition, employee development and training, performance management, employee communication and change management. Acts as a liai...
Director Market, Liquidity and Capital Risk
Reviews and provides effective challenge for quantitative (including statistical) methodologies and assumption sets used to measure, monitor, manage and report on capital adequacy, market and liquidity risks and value its investments and derivatives positions. Provides effective challenge of risk ma...
Director of IT Strategic Sourcing & Category Management
This role reports to the Executive Director of IT Strategic Sourcing & Category management and will work in a collaborative environment that provides support and guidance to ensure Strategic Procurement is effectively serving its internal stakeholders and meeting established financial savings target...
Director Program & Portfolio Management
Provide key thought leadership, accountability, and direction for strategic execution, while ensuring that relationships are developed and expanded on our current and future ways of operating, driving results and optimizing and improving long term impact. Creates a culture of effective risk manageme...
Director, Risk, Forensics & Compliance (Compliance, Investigations & Oversight)
Professional and conceptual agility to design and execute compliance risk mitigation and information security solutions that are adaptive to client risks and requirements across multiple domains . Working both independently and with team members as the project lead to successfully execute proj...
Assistant Director, Capital, Sustainability, and Construction Management Services
Remain knowledgeable of current state and federal laws, regulations, and best practices in the field of appointment ensuring the College’s policies, procedures, practices and programs conform to laws and regulations and align with the mission, vision, values and strategic goals of the College. This ...
Director, Enterprise Risk Management
Reporting to the Senior Director, Retail Products and Corporate Functions Compliance, the ERM Director is responsible for applying the WBA ERM framework to identify key risks and enhance mitigation across WBA and support the US Businesses and functions in completing robust risk registers. Engages al...