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New Jersey City University

Last Updated: 2/24/23

Job Description



SUMMARY: New Jersey City University is searching for a Budget Director. Reporting to the Chief Financial Officer, the Budget Director is responsible for managing the Budget for the University. In addition, due to interdependencies with other departments and across units within Administration and Finance, the Budget Director will serve as a lead business partner in guiding inter-departmental efforts that include but are not limited to the position control system, procurement processes, bursar functions, and risk management. The Budget Director is responsible for the overseeing the financial health of the university. Inclusive of monitoring the performance of individual departments to ensure they’re meeting their goals.


  • Prepare and monitor the operating & capital budget.
  • Supervise subordinate staff in the preparation of the salary and non-salary operating budgets and with the daily and monthly analyses and reconciliations of expenditures.
  • Review and reconcile operating and project expenditures to ensure proper classification and adherence to standards.
  • Assist with execution of drawdown of bond proceeds, as well as other funding from external sources, including maintenance of detailed drawdown analysis of trust cash by project.
  • Update and maintain quarterly operation report for review by the Finance, Audit & Planning committee meetings and other University managers.
  • Complete the analysis of reports for quarterly communication and Board of Trustees Meetings.
  • Assist with the monitoring of commitment control exceptions generated by the PeopleSoft System and correct errors needed, as well as the daily maintenance and correction of budget errors for all financial system transactions.
  • Review financial expenditures for correct classification and budgetary oversight.
  • Manage position control to ensure alignment between the HR & Financial systems
  • Developing a strategic plan for achieving organizational goals and objectives by identifying opportunities for cost savings or increased revenues
  • Reviewing financial statements, reports, and budgets prepared by other departments in the organization
  • Preparing forecasts of future cash flow requirements and identifying ways to meet those needs
  • Monitoring departmental performance to ensure that it meets or exceeds organizational goals
  • Maintaining relationships with creditors and vendors to ensure that bills are paid on time
  • Overseeing the preparation of an organization’s annual budget, including reviewing revenue forecasts and expense estimates to determine whether they are realistic
  • Coordinating with other members of management to ensure appropriate follow through on decisions made during meetings
  • Providing leadership to ensure that departmental goals are met within budget constraints
  • Other duties as assigned.

EDUCATIO N : Graduation from an accredited college with a bachelor’s degree in Accounting, Business Administration or Finance is required. Master’s degree Preferred

EXPERIENCE: A minimum of 5 years accounting or finance experience and knowledge of generally accepted accounting principles and/or nonprofit organizations is desirable.


  • Above average knowledge of Microsoft Excel, including data analysis functions and macro creation and execution, or other spreadsheet software to analyze data, draw conclusions and generate reports.
  • Strong knowledge of Generally Accepted Accounting Principles and ability to apply to execution of daily work.
  • Demonstrated experience in budget planning, development, and administration.
  • Ability to research, comprehend and act on rules governing accounting standards and to apply knowledge across multiple projects
  • Ability to enlist knowledge of the budgeting procedures and accounting principles to assist in the planning and administration of policies and procedures for the budget function.
  • Ability to manage confidential and sensitive information to ensure compliance with university guidelines.
  • Ability to prepare clear, concise, and effective business correspondences. Ability to work independently and complete ad-hoc projects as assigned by the CFO.
  • Through understanding and working knowledge of Oracle’s PeopleSoft and Financials system.
  • Expert proficiency with Excel and/or other spreadsheet and database applications
  • Ability to work collaboratively in a team environment and with people at all levels in the University
  • Excellent written and verbal communication skills.
  • High degree of discretion and demonstrated ability to handle and maintain confidential information.

REQUIRED: Cover letter, resume, and contact information for three professional references.

To apply for this position, refer to NJCU website at:

New Jersey City University is an equal opportunity institution encouraging a diverse pool of applicants.

New Jersey City University is a Tobacco and Smoke Free Campus. For the health of our employees, students and visitors, smoking, vaping, and tobacco use is not permitted on campus. This includes all buildings, grounds, and parking lots.

Company Details

Jersey City, New Jersey, United States