Colleges of Fenway - Wentworth Institute of Technology
Assistant Vice President, Financial Planning and Analysis
Colleges of Fenway - Wentworth Institute of Technology, Boston, Massachusetts, us, 02298
Job Description
Reporting to the Vice President of Finance and Chief Financial Officer (CFO), the Assistant Vice President of Financial Planning & Analysis (AVP)is a proactive,collaborative,data-informed professionalwitha problem-solving mindset. The AVP willleverageWIT’s recent implementation of Workday Financial to develop and implement annual and multiyear financial planningprocesses thatsupport strategic decision-making.The AVP will prioritize decision support by building partnerships and building acomprehensive understanding of the financial complexities and competing needs of the organization. The AVP will lead the work to develop useful and robust analyses and long-term financial models to inform discussions of critical issues.
This is a pivotal role that providesfinancial leadership and decision support to the executive level of WIT. Theideal candidate brings deepexpertisein financial strategy, a collaborative mindset,experience working at the executive/boardleveland a commitment to using data to support academic innovation and effective resource management.The AVPshould have experience with non-profit accounting as they willwork closely with the University Controller to ensurebudgeting,forecasting anddecision support incorporate the primary tenants of non-profit/higher education accounting rules.
Key Responsibilities Long range strategic financial planning
Work closely with the Senior Vice President (SVP) and CFO on budget development, long-term financial projections, pro forma planning, cost benefit analysis, program/unit performance.??
Build/refinedynamic planning tools to enable scenario planning withinmulti-year operational and capital financial plans.
Provide decision support toacademic and administrative leaders to evaluate initiatives, enrollment strategies, tuition models, and capital projects.
Support analysis on projects, programs and initiatives for which there is a financial component. Such projects may include private-partnership projects, and third partyvendor partnerships.??
Financial Reporting & Analysis
Ensure that academic and administrative leaderscan access and effectively use key financial reports that can support daily/ongoing decision making.
Develop strong partnerships with academic and administrative leaders to supplement self-service reporting with more detailed trend analysis.
Partner with keystakeholders to develop analysis of trends within key areas, including enrollment, net tuition, auxiliary revenue, capital spending, and provide recommendations for long-range planning.
Partner with Controller to ensure that accounting standard operating procedures and internal controls (SOPIC)are supporting ongoing budgeting reporting & analysis.
Partner with technical experts to enhance and maximize use of executive and department-level reporting.
Budget Development and Ongoing Forecasting
Lead the annual budget process, including providing analysis and recommendations throughout the budget cycle to ensure sustainability and strategic alignment.
Lead in-year performance analysis, including quarterly reforecasts; identify variances and partner with academic and administrative leaders to develop tradeoff-based solutions.
Partner with Controller and accounting team to conduct quarterly financial closes, and provide year-over-year flux analysis.
Partner with Controller during annual close; create and analyze a wide range of financial statements in support of WIT’s annual core financial audit.
Community engagement & executive level communication
Present complex financial data in clear, actionable formats for a broad audience.
Build cross-functional, trusted partnerships relationships that support financial transparency and data-informed planning across the organization.
Leadership & Team Development
Supervise one Senior Financial Analyst.
Serve as senior member of the WIT finance team leadership team, helping to foster a culture of service, collaboration, and excellence.
Partner with Controller to ensure that the Accounting and Financial Planning teams are aligned throughout all phases of the annual financial cycle.
Partner with other senior members of the WIT finance team to foster a culture of service, promote equity, diversity, and inclusion in resource planning and financial decision-making.
Have a collaborative, open, and inquisitive style that encourages innovation and thoughtful experimentation.
Build and nurture strong relationships with internal teams, partners, and stakeholders to facilitate proactive communication and collaboration across all financial functions.
Be an influential leader with the ability to elevate the performance of the team – individually and collectively.
Minimum Qualifications and Skills
Bachelor’s degree in Finance, Accounting, Business Administration, or related field.
10 years of progressively responsible experience in financial services, preferably in higher education.
Strong proficiency in financial modeling, forecasting, and variance analysis.
Demonstrated ability to communicate financial information clearly to non-financial stakeholders.
Experience leading teams and managing complex financial systems and processes.
Strong interpersonal skills, collaborative mindset, and ability to build trust across departments and hierarchical levels.
High attention to detail and the ability to synthesize complex financial and operational data for executive use.
Experience managing change related to systems implementation, budget reform, or institutional transformation.
Preferred Qualifications
Master’s degree; MPA, CPA, MBA, or similar financial certification.
Knowledge of fund accounting, GASB standards, and nonprofit financial reporting.
Experience with tuition pricing models, enrollment management, grant funding, and auxiliary operations.
Proficiency in Workday Financial Management modules, including general ledger, budgeting, reporting, and grants management.
Position Details At this time, the university is unable to sponsor applicants for H-1B visas.
The job grade for this position is Grade13.
The expected wage range for this position is between $160,000 and $208,000 which reflects what we reasonably expect to pay for this role.
This position is eligible for a hybrid work schedule. This position is a full-time, benefits‑eligible position at 37.5 hours/week. Standard office environment with occasional evening or weekend work required for deadlines or board meetings.
Compensation and Benefits Wentworth Institute of Technology is committed to fair, transparent, and legally compliant compensation practices. We believe that clarity about pay structures and ranges supports equity, fosters trust, and ensures a positive workplace for all employees.
Please visit here to see the comprehensive benefits package offered to support the best experience for our employees. https://wit.edu/careers/work-wentworth
Inclusive Excellence at Wentworth Inclusive Excellence is one of the four pillars of the Strategic Plan. Actively and intentionally cultivating a diverse and culturally competent institution where each member has the opportunity and support to reach their full potential and make contributions to our campus community and beyond is Inclusive Excellence at Wentworth.
To find out more about the Wentworth’s commitment to Inclusive Excellence, please visit the website https://wit.edu/about/inclusive-excellence.
All applicants have the right to accessibility support and accommodations. To request accessibility support or accommodations, contact the Executive Director of Equity and Compliance, Catlin Wells, at wellsc1@wit.edu.
E-Verify for Employment Eligibility Verification (
Form I-9
) Wentworth participates in E-Verify. E-Verify is an internet-based system that compares information from your Form I-9 to records available to the U.S. Department of Homeland Security (DHS) and Social Security Administration (SSA) to confirm that you are authorized to work in the United States.
#J-18808-Ljbffr
This is a pivotal role that providesfinancial leadership and decision support to the executive level of WIT. Theideal candidate brings deepexpertisein financial strategy, a collaborative mindset,experience working at the executive/boardleveland a commitment to using data to support academic innovation and effective resource management.The AVPshould have experience with non-profit accounting as they willwork closely with the University Controller to ensurebudgeting,forecasting anddecision support incorporate the primary tenants of non-profit/higher education accounting rules.
Key Responsibilities Long range strategic financial planning
Work closely with the Senior Vice President (SVP) and CFO on budget development, long-term financial projections, pro forma planning, cost benefit analysis, program/unit performance.??
Build/refinedynamic planning tools to enable scenario planning withinmulti-year operational and capital financial plans.
Provide decision support toacademic and administrative leaders to evaluate initiatives, enrollment strategies, tuition models, and capital projects.
Support analysis on projects, programs and initiatives for which there is a financial component. Such projects may include private-partnership projects, and third partyvendor partnerships.??
Financial Reporting & Analysis
Ensure that academic and administrative leaderscan access and effectively use key financial reports that can support daily/ongoing decision making.
Develop strong partnerships with academic and administrative leaders to supplement self-service reporting with more detailed trend analysis.
Partner with keystakeholders to develop analysis of trends within key areas, including enrollment, net tuition, auxiliary revenue, capital spending, and provide recommendations for long-range planning.
Partner with Controller to ensure that accounting standard operating procedures and internal controls (SOPIC)are supporting ongoing budgeting reporting & analysis.
Partner with technical experts to enhance and maximize use of executive and department-level reporting.
Budget Development and Ongoing Forecasting
Lead the annual budget process, including providing analysis and recommendations throughout the budget cycle to ensure sustainability and strategic alignment.
Lead in-year performance analysis, including quarterly reforecasts; identify variances and partner with academic and administrative leaders to develop tradeoff-based solutions.
Partner with Controller and accounting team to conduct quarterly financial closes, and provide year-over-year flux analysis.
Partner with Controller during annual close; create and analyze a wide range of financial statements in support of WIT’s annual core financial audit.
Community engagement & executive level communication
Present complex financial data in clear, actionable formats for a broad audience.
Build cross-functional, trusted partnerships relationships that support financial transparency and data-informed planning across the organization.
Leadership & Team Development
Supervise one Senior Financial Analyst.
Serve as senior member of the WIT finance team leadership team, helping to foster a culture of service, collaboration, and excellence.
Partner with Controller to ensure that the Accounting and Financial Planning teams are aligned throughout all phases of the annual financial cycle.
Partner with other senior members of the WIT finance team to foster a culture of service, promote equity, diversity, and inclusion in resource planning and financial decision-making.
Have a collaborative, open, and inquisitive style that encourages innovation and thoughtful experimentation.
Build and nurture strong relationships with internal teams, partners, and stakeholders to facilitate proactive communication and collaboration across all financial functions.
Be an influential leader with the ability to elevate the performance of the team – individually and collectively.
Minimum Qualifications and Skills
Bachelor’s degree in Finance, Accounting, Business Administration, or related field.
10 years of progressively responsible experience in financial services, preferably in higher education.
Strong proficiency in financial modeling, forecasting, and variance analysis.
Demonstrated ability to communicate financial information clearly to non-financial stakeholders.
Experience leading teams and managing complex financial systems and processes.
Strong interpersonal skills, collaborative mindset, and ability to build trust across departments and hierarchical levels.
High attention to detail and the ability to synthesize complex financial and operational data for executive use.
Experience managing change related to systems implementation, budget reform, or institutional transformation.
Preferred Qualifications
Master’s degree; MPA, CPA, MBA, or similar financial certification.
Knowledge of fund accounting, GASB standards, and nonprofit financial reporting.
Experience with tuition pricing models, enrollment management, grant funding, and auxiliary operations.
Proficiency in Workday Financial Management modules, including general ledger, budgeting, reporting, and grants management.
Position Details At this time, the university is unable to sponsor applicants for H-1B visas.
The job grade for this position is Grade13.
The expected wage range for this position is between $160,000 and $208,000 which reflects what we reasonably expect to pay for this role.
This position is eligible for a hybrid work schedule. This position is a full-time, benefits‑eligible position at 37.5 hours/week. Standard office environment with occasional evening or weekend work required for deadlines or board meetings.
Compensation and Benefits Wentworth Institute of Technology is committed to fair, transparent, and legally compliant compensation practices. We believe that clarity about pay structures and ranges supports equity, fosters trust, and ensures a positive workplace for all employees.
Please visit here to see the comprehensive benefits package offered to support the best experience for our employees. https://wit.edu/careers/work-wentworth
Inclusive Excellence at Wentworth Inclusive Excellence is one of the four pillars of the Strategic Plan. Actively and intentionally cultivating a diverse and culturally competent institution where each member has the opportunity and support to reach their full potential and make contributions to our campus community and beyond is Inclusive Excellence at Wentworth.
To find out more about the Wentworth’s commitment to Inclusive Excellence, please visit the website https://wit.edu/about/inclusive-excellence.
All applicants have the right to accessibility support and accommodations. To request accessibility support or accommodations, contact the Executive Director of Equity and Compliance, Catlin Wells, at wellsc1@wit.edu.
E-Verify for Employment Eligibility Verification (
Form I-9
) Wentworth participates in E-Verify. E-Verify is an internet-based system that compares information from your Form I-9 to records available to the U.S. Department of Homeland Security (DHS) and Social Security Administration (SSA) to confirm that you are authorized to work in the United States.
#J-18808-Ljbffr