Director of Financial Planning and Analysis (Immediate Opening)

Director of Financial Planning & Analysis, Schools

Financial Planning & Analysis

Role Mission: The Business Office strives to support the leadership at IDEA as we work together to meet and exceed our ambitious financial and student achievement goals. The Director of Financial Planning & Analysis will lead the work with Finance, national, regional, and school teams to increase efficiency and provide a high level of support in meeting shared financial goals. 

Accountabilities

Upload a balanced budget by the start of the new fiscal year

• Manage the master budget and regional pro-formas in portfolio through preliminary drafts, scenario planning, and final adoption

•          Ensure annual planning and budgeting project milestones and deadlines are met

•          Support budget managers and their staff during the annual planning and budgeting process

•          Build and update rosters for the upcoming fiscal year, identify and correct errors, and make revisions based on changes throughout the process

•          Collect detailed budgets and ensure requested budgets meet targets by fund and overall amount

•          Project and allocate enterprise expense budgets, coordinate with budget managers to ensure accurate projections

Measurable Goal: Financial Planning: Upload a balanced budget meeting target and board approved by July 1, 2023 across Texas and have 100% detail for each org for operating, staffing and summer school in the APB 

Guide & Drive regional and schools in meeting the financial targets for their teams and their fiduciary committees and boards

• Directly manage Budget Analysts
• Bring Variance Analysis, Projections, and Budget Amendments to monthly Meetings for Committee Review and Board approval
• Build regional and schools financial models and effectively communicate and translate financial results and projections to stakeholders
• Share high quality reporting and analysis that assists budget managers and support staff in understanding the impact of monthly and year-to-date budget to actuals
• Drive the creation and update of rolling forecasts in partnership with school and regional leaders to ensure schools and regional budgets will meet annual operating income targets
• Prepare budget amendments for review and approval by the Finance Committee and Board of Directors.  Ensure that approved amendments are loaded into Tyler Munis within 10 days of board approval.
• Consult with schools and teams that are off track and provide actionable recommendations to improve financial performance
• Build the capacity of budget managers to best serve as financial stewards through consistent check points, quality reference materials and professional development 

Measurable Goals: Financial Results: Achieve net available revenues (operating income) at June 30, 2023:- TX: $106MM. Financial Compliance: 10% Budget to Actuals Variance for TX at year end. Uploading approved budget amendments by the 10th business day after board approval

Develop the financial skillset of budget managers and their support staff. Ensure the Financial Planning Team embodies a customer service mindset.

• Strategically contribute, plan and lead holistic professional development and support plans for budget owners and financial managers
• Ensure high quality support and reference materials are made available to financial managers related to key finance functions
• Ensure assigned Zendesk tickets are responded to on or before the two-business day deadline with a high level of customer service

•          Summer Institute, HQ managers, grant managers, APO, PIR and Principal trainings

•          Provide differentiated support to portfolio financial managers including field observation and coaching, regional tacticals, and adhoc trainings based on portfolio trends 

Measurable Goals: Customer Service: 95% average customer satisfaction is achieved in FP&A on ZenDesk as measured by ZenDesk from July 1, 2022 and June 30, 2023

Supervisory Responsibilities: This role will supervise a team of Budget Analysts

Competencies:

• Mission Focus – focuses on IDEA’s core purpose of getting all students into college
• Strategic Leadership – manages direct reports to results, strong ability to lead through influence in business partnerships, ensures the team is working efficiently given scope and volume
• Communication – displays exceptional written, verbal, and interpersonal skills
• Problem Solving – able to synthesize, analyze, and prioritize information to develop strategies for achieving goals and objectives
• Continuous Improvement – proactively identifies opportunities to improve and consistently reflects on past actions to guide future decisions
• Judgment - prioritizes conflicting needs; handles matters expeditiously and follows through on projects to successful completion, often with deadline pressures

Qualifications:

• Education: (Required) Bachelor's degree in accounting, business administration, or economics

(Preferred) Master’s degree in accounting, business administration, or economics

• Experience:(Required) 4-5 years’ experience in financial data analysis

(Preferred) 6-7 years’ experience in financial data analysis

• Proficiency with Microsoft Office, specifically Excel and Enterprise Resource Planning Software
• Certifications (if applicable): n/a

Knowledge and Skills:

• Ability to effectively communicate with stakeholders of varying degrees of analytical understanding
• Excellent analytical and problem-solving skills
• Constantly searching for and learning more regarding analysis methods and tools
• Organizing own work and work of others, coordinating projects, setting priorities, meeting deadlines
• Using initiative and independent judgment within established policy and procedural guidelines
• Hold ethics and values to high standards

Compensation & Benefits:

Salaries for people entering this role typically fall between $91,100 and $112,900, commensurate with relevant experience and qualifications and in alignment with internal equity. This role is also eligible for a performance bonus based on individual and organizational performance and goal attainment, including the availability of funds for incentive compensation.

Additionally, we offer medical, dental, vision, and supplemental benefits as well as retirement plans and a generous vacation package. You can find more information about our benefits at https://ideapublicschools.org/careers/benefits/.

* IDEA may offer a relocation stipend to defray the cost of moving for this role, if applicable.