Director of Financial Analysis and Budget Management (Finance Leader)
Job ID: 319236
DepartmentARTS & SCIENCES; DEAN (BL-ARSD-IUBLA)
Department InformationThe College of Arts and Sciences is the largest academic unit at Indiana University Bloomington. It is composed of 40 plus departments, 50 plus Centers, Programs, and Institutes, while also including the Eskenazi School of Art, Architecture and Design, the Hamilton Lugar School of Global and International Studies, and The Media School. Faculty in the College teach over 50 percent of the Indiana University (Bloomington) credit hours and the College occupies about 1.3 million square feet of space in 90 plus buildings on the Bloomington campus.
Job SummaryDepartment-Specific Responsibilities
- Serves as a central leader in the College's financial operations, responsible for overseeing budget development and implementation, managing key staff, and providing strategic financial guidance to departments and senior leadership. This role ensures efficient, standardized budgeting processes, supports complex funding structures including IU Foundation resources, and fosters collaboration across the College's fiscal officer community through communication, tools, and shared resources.
- Leads and continuously improve the College's budgeting system and annual budget process, including development, implementation, forecasting, and budget-to-actual analysis as the year progresses.
- Provides strategic financial analysis and modeling to support Deans and senior leadership, including long-range planning, pro formas, and evaluation of new programs and initiatives.
- Develops, standardizes, and delivers financial reporting, KPIs, and key College data to support decision-making, presentations, and institutional reporting needs.
- Directs analytical support and conduct complex and sensitive financial reviews, serving as a trusted advisor on resource allocation, commitments, and departmental financial strategy.
- Supervises key staff and oversee complex funding structures, including departmental, discretionary, and IU Foundation resources, while liaising with campus and university financial offices. Develop plans to meet target spend and appropriately allocate IUF resources.
- Fosters a collaborative financial community by providing training, developing tools and resources (e.g., finance website), and leading regular communication and engagement efforts across departments (e.g. CFAM meetings, Fiscal Officer meetings).
General Responsibilities
- Oversees the analysis of financial performance in university units.
- Develops short-term and long-term business plans, creates policies and procedures, and analyzes past financial performance.
- Supervises and trains Financial Analysts to ensure application of best-practice techniques and efficiency of day-to-day operations.
- Prepares and presents financial analyses and recommendations to senior management.
- Provides expert advice on all levels of financial activity and interpretation of financial policies to Financial Analysts and senior management.
- Follows crucial economic, industrial, and corporate trends by analyzing financial reports; implements relevant data into the organization's financial decision-making.
Combinations of related education and experience may be considered. Education beyond the minimum required may be substituted for work experience. Work experience beyond the minimum required may be substituted for education.
EDUCATION
Required
- Bachelor's degree in accounting, finance, or related field.
Preferred
- Master's degree in accounting, finance, or related field.
WORK EXPERIENCE
Required
- 4 years in finance, financial administration, accounting, or related field.
Preferred
- 1 year of management experience in relevant field
- Financial experience in budget forecasting, financial analysis and accounting is necessary for success in this role.
- In-depth knowledge of IU fiscal/administrative policies and processes, Bloomington campus and College operating practices, norms, and administrative systems (KFS, IUIE, and IU Foundation FEM) is strongly preferred.
SKILLS
Required
- Ability to analyze and interpret financial data.
- Demonstrates analytical skills.
- Excellent interpretation of complex statistical data.
- Demonstrates written communication skills.
- Articulate and responsive to colleagues.
- Develops and delivers effective presentations.
- Excellent collaboration and team building skills.
- Ability to lead/manage others.
- Instills commitment to organizational goals.
- Assumes personal responsibility for actions.
- Demonstrates a high level of accuracy, even under pressure.
- Ability to work within tight time frames and meet strict deadlines.
Preferred
- Demonstrated strength in organizational, analytical, and problem-solving skills, with a strong technical understanding of business operations and processes.
- Excellent communication and interpersonal abilities to support effective collaboration across stakeholders.
- Ability to clearly present complex financial information to non-financial audiences.
- Proven capacity to lead, train, and manage multiple projects simultaneously in a strategic and organized manner.
This role requires the ability to effectively communicate and to operate a computer and other standard office productivity equipment. The position involves sedentary work as well as periods of time moving around an office environment and the campus. The person in this role must be able to perform the essential functions with or without an accommodation.
Work LocationBloomington, Indiana
Advertised Salary$115,000 annualized salary, paid monthly
Benefits OverviewFor full-time staff employees, Indiana University offers a wide array of benefits including:
- Comprehensive medical and dental insurance
- Health savings account with generous IU contributions
- Healthcare and dependent care flexible spending accounts
- Basic group life insurance paid by IU
- Voluntary supplemental life, long-term disability, critical illness, and supplemental accidental death & dismemberment insurance
- Base retirement plan with generous IU contributions, subject to vesting
- Voluntary supplemental retirement plan options
- Tuition subsidy for employees and family members taking IU courses
- 10 paid holidays plus a paid winter break each year
- Generous paid time off plans
- Paid leave for new parents and IU-sponsored volunteer events
- Employee assistance program (EAP)
Learn more about our benefits by reviewing the IU Benefit Programs Brochure.
Job ClassificationCareer Level: Sr. Operational
FLSA: Exempt
Job Function: Finance
Job Family: Financial Analysis
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Equal Employment OpportunityIndiana University is an equal opportunity employer and provider of ADA services and prohibits discrimination in hiring. See Indiana University Notice of Non-Discrimination here which includes contact information.
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