Director, Budgets and Business Services
Req Number: | GEWTK3 |
Location: | Durham, NC |
Posted: | 8/28/2024 |
Category: | Government/Not-For-Profit : Education |
Job Type: | Permanent |
The Role
Korn Ferry has partnered with Duke University in Durham, North Carolina, to lead the search efforts for their next Director, Budgets and Business Services. This role is remote but will need to be able to travel into Durham on a semi-regular basis.
This position is responsible for the daily operations of the Office of Budgets & Business Services, and reports to the Executive Director, Budgets and Business Services.
Purpose of the Position
Direct the Office of Budgets & Business Services, with responsibilities for the following:
• Develop and communicate budget guidelines and instructions to departments with regard to the University’s annual operating budget development process, including the budget development training. (10%)
• Direct the functional oversight of the University’s operating budget development and reporting systems, in collaboration with IT and other key stakeholders. (20%)
• Consolidation of the annual operating budget development process for Central Administration, including the ongoing management, analysis, and reporting of operating results as compared to budget for senior administrators, officers, and the Board of Trustees. (20%)
• Direct the University’s internal cost allocation process using generally accepted accounting techniques to distribute overhead. Direct the preparation of cost allocations needed for Duke’s major financial cycles (forecast, budget, month-end and year-end closing) and for the reporting of monthly operations in a timely, accurate and thorough manner. (20%)
• Direct the centralized business support for the President, VP Climate, and VP Research & Innovation, including budget management, accounting/payroll support, month-end and year-end financial closing entries, as well as other business support functions as necessary. (15%)
• Direct the fiscal year-end closing processes for Central Administration of the current operating fund, calculating and recording formula adjustments and final adjustments for various service components and auxiliaries. (5%)
• Administer the annual July 1 salary setting process for Central Administration, including providing summary reports for senior administrators regarding salary pool utilization and variances to the approved guidelines. (5%)
• Direct and coordinate various personnel functions including, but not limited to, hiring, performance appraisals, promotions, transfers, and vacation schedules. (5%)
Experience and Professional Qualifications
• Requires Bachelor’s degree in business, finance or accounting with strong preference for an MBA or advanced degree in finance.
• CPA certification strongly preferred.
• Work requires a minimum of six years of progressive managerial experience, preferably in a large and complex university setting.
• Candidates with experience in the following areas are favorable: budget development/review; financial analysis; forecasting; and experience with the Duke University financial systems, including SAP and Business Warehouse.
Skills and Competencies
• Experience directing financial and budgetary functions and providing strategic leadership in a university
environment or comparably complex organization.
• Managerial experience in training, professional development and performance management, with demonstrated
ability to work collaboratively across administrative units.
• Excellent communication skills including written, oral, and presentation skills, and ability to communicate well
both one-on-one and in group settings.
• Strong interpersonal skills with demonstrated effectiveness in working with a wide variety of constituents in a
diverse community.
• Ability to navigate complex or sensitive interpersonal situations with diplomacy and discretion.
• Demonstrated analytical skills in developing and tracking metrics and analyzing operational data to gain insights
and make decisions.
• Demonstrated skills in developing, revising and improving operational procedures, policies and strategies.
• Demonstrated ability to collaborate with IT and other key stakeholders on the functional oversight of budget
development and financial reporting systems and processes
• High integrity and ability to maintain confidentiality and exercise good judgement.
• Excellent organizational skills and ability to effectively prioritize work.
Duke University
Duke University is a private research university in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present-day city of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco and electric power industrialist James Buchanan Duke established The Duke Endowment and the institution changed its name to honor his deceased father, Washington Duke.
The campus spans over 8,600 acres on three contiguous sub-campuses in Durham, and a marine lab in Beaufort. The West Campus—designed largely by architect Julian Abele—incorporates Gothic architecture with the 210-foot Duke Chapel at the campus' center and highest point of elevation, is adjacent to the Medical Center. East Campus, 1.5 miles away, home to all first-years, contains Georgian-style architecture. The university administers two concurrent schools in Asia, Duke–NUS Medical School in Singapore and Duke Kunshan University in Kunshan, China.
Duke's undergraduate admissions are among the most selective in the United States, with an overall acceptance rate of 5.1% for the class of 2028. Duke spends more than $1 billion per year on research, making it one of the ten largest research universities in the United States. This year, Duke University is celebrating its Centennial—an opportunity to celebrate its remarkable success and reflect on the challenges of its history, articulate the mission of its present, and turn with purpose toward an even more extraordinary future.
Schools and Colleges
Duke currently has 10 Schools & Colleges. The first, Trinity College of Arts and Sciences, was established in 1859. Others include the School of Law, Divinity School, Graduate School, School of Medicine, School of Nursing, Pratt School of Engineering, Fuqua School of Business, Nicholas School of the Environment, and the Sanford School of Public Policy.
Institute and Centers
A cornerstone of Duke’s commitment to inquiry across disciplines, university-wide institutes and initiatives foster problem-focused education, research, and engagement to generate knowledge in the service of society. The 10 Institute and Centers include: Institute of Policy Sciences & Public Affairs, John Hope Franklin Humanities Institute, The Kenan Institute for Ethics, Social Science Research Institute, Nicholas Institute for Energy, Environment, and Sustainability, Duke Global Health Institute, Duke Institute for Brain Sciences, Duke Innovation & Entrepreneurship, Rhodes Information Initiative at Duke, Duke Science & Society, and Duke Margolis Center for Health Policy.
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Korn Ferry shall provide equal employment opportunity to all qualified candidates, and will refer candidates without regard to race, color, religion, national origin, sex, age, disability, veteran status or any other legally protected basis.
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