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Working Title:

Director of Finance and Budget - Financial Management Director

Institution:

Hennepin Technical College

Classification Title:

002691_220_E - Financial Mgt Director

Bargaining Unit / Union:

220: Managerial Plan

City:

HENN - Brooklyn Park Campus

FLSA:

Job Exempt

Full Time / Part Time:

Full time

Employment Condition:

Classified - Unlimited

Salary Range:

$46.68 - $67.01

POSITION PURPOSE

The Director of Finance and Budget provides strategic and operational financial leadership and oversight for all financial operations of the College, ensuring compliance with MinnState policy and procedures.

This position is responsible for the strategic development and execution of the College's budget planning process and provides executive-level budget planning information, fiscal management reports, and strategic financial analysis to the President, Vice President for Finance and Operations, and other college leaders to inform strategic decision-making.

The Director provides leadership and oversight to the following units – Procurement, Contracts & Division Support, Student Support, Accounts Receivable, and Budget & Financial Reporting. These units provide a comprehensive range of financial services and business operations, ensuring efficiency, accuracy, and strategic alignment with the College's mission and goals.

These areas include accounting services, accounts payable, financial reporting, contracts, purchasing, student payroll, employee reimbursements, student billing and tuition collections, student payments, student financial aid financial processing/accounting, third-party invoicing, cashiering, banking deposits and reconciliations, collections, bookstore MBS, income contracts, manual receivables, parking & foundation deductions, reconciliations (Bremer/Swift to ISRS/Workday), check writing, contract development, management and training, delegations of authority, equipment and fixed asset management, invoice payments, notary, P-Card management and training, and business expenses.

The incumbent possesses strong accounting acumen, communication skills (both oral and written), and exercises significant independent judgment in the development, interpretation, and implementation of institution-wide fiscal policy and strategy.

The Director also acts on the college’s behalf regarding budget, contract, and fiscal matters in the absence of the Vice President of Finance and Operations and strategically representing the college with the MinnState system Office in critical projects.

PRINCIPLE RESPONSIBILITIES AND RESULTS

1. Strategic Coordination, Oversight, and Policy Implementation for Budget Development, Management and Forecasting.

Budget Development:

+ Ensures Effective Communication and Training Strategies: Oversees the development and implementation of communication and training related to budget policies and processes.

+ Provide leadership and strategic guidance in collaboration with college leaders to identify budget priorities, propose budget policies, determine resource needs, recommend resource allocation strategies, and drive initiatives to accomplish college strategic goals.

+ Establishes the overall framework and timeline for the budget cycle, ensuring alignment with institutional goals for annual budget of approximately $60M.

+ Develops High-Level Budget Guidelines and Priorities: Creates overarching instructions and priorities for budget development, in line with the VP Finance and Operations strategic direction.

+ Oversees the Consolidation and Analysis of Budgets: Directs the compiling and initially analyzing departmental budget requests.

+ Formulates Strategic Budget Recommendations: Develops high-level recommendations for resource allocation based on institutional priorities and financial constraints for presentation to the VP Finance and Operations and senior leadership.

Budget Monitoring and Compliance:

+ Establishes the framework for budget monitoring and reporting, ensuring adherence to established policies and regulations.

+ Manages Strategic Budget Adjustments: Ensures significant budget transfers and amendments are reviewed and processed in alignment with institutional priorities and financial health.

+ Oversee a robust system for tracking budget allocations, de-allocations, and reallocations, ensuring fiscal accountability and transparency.

Budget Forecasting:

+ Provides or directs the strategic forecasting and monitoring of major revenue sources (tuition, state appropriation, fees, and other revenues) through collaborative partnerships with executive leadership and the MinnState System Office.Direct the strategic forecasting and monitoring of major expenditure categories in collaboration with relevant stakeholders.

Priority: Essential Percent of Time: 25%

2. Financial Reporting and Analysis:

+ Oversees the Development of Financial Reporting Frameworks: Establishes the standards and guidelines for internal and external financial reporting.

+ Ensures the Accuracy and Timeliness of Financial Reports: Directs Business Office Supervisors/Managers in the preparation of accurate and timely financial statements and reports.

+ Provides High-Level Financial Analysis and Interpretation: Analyzes key financial data and trends to provide strategic insights and recommendations to the VP Finance and Operations and senior leadership.

+ Oversees Compliance with Reporting Requirements: Ensures the Business Office adheres to all relevant MinnState, state, federal, and other regulatory reporting requirements.

+ Directs the Preparation for Business Office Audits: Oversees the coordination of information and responses for internal and external audits.

+ Develops and Implements Financial Policies (Reporting & Analysis Focus): Recommends policies related to financial reporting, data integrity, and analysis.

+ Oversees the Use of Financial Reporting Tools and Systems: Ensures the effective utilization of financial systems for generating meaningful reports and analysis.

+ Provide executive-level analysis and reporting on actual financial performance compared to budget plans to senior leadership, highlighting key variances and recommending strategic adjustments.

+ Provide executive-level analysis and reporting on the status of the College’s fund reserves, advising on strategic reserve management.

+ Lead the ongoing monitoring and analysis of the College’s financial health utilizing MinnState Board of Trustees standards, providing strategic insights and recommendations.​

Priority:** **Essential** **Percent of** **Time:** **25%

3. Oversight of Business Operations:

+ Ensure strategic alignment and operational efficiency across all Business Office units.

+ Provides Strategic Leadership and Oversight: Offer strategic leadership and comprehensive oversight in the formulation, recommendation, and implementation of college-wide policies and procedures governing the efficient and effective administration of all Business Office functions, ensuring strict adherence to relevant federal, state, and MinnState regulations, as well as sound business practices.

+ Direct the strategic and operational functions of the Business Office units, including: Accounting services (encompassing general college accounting, grants and contract accounting, payroll accounting, financial aid accounting, student billing and tuition collections, third-party invoicing, cashiering, banking (deposits and reconciliations), collections, manual receivables, parking and foundation deductions), Accounts Payable (including invoice payments and business expenses), Financial Reporting, Contracts (development, management & training - financial aspects), Purchasing (including P-Card management and training), Payments and Billing (including student payments), Student Payroll, financial aspects of Student Communications, financial processing related to Student Financial Aid, financial aspects of Bookstore MBS, Income Contracts, reconciliations (Bremer/Swift to ISRS/Workday), check writing, financial aspects of Delegations of Authority, financial oversight of Equipment and Fixed Asset Management. Ensure strategic alignment and operational efficiency across all Business Office units.

+ Ensures Strategic Alignment and Operational Efficiency: Establish and maintain a framework that ensures strategic alignment of all Business Office functions with the College’s overall mission and objectives, driving continuous improvement initiatives to maximize operational efficiency and effectiveness across all units.

+ Requires Specialized Financial Expertise for Issue Resolution: Leverage specialized financial expertise to proactively identify, analyze, and resolve complex operational issues and troubleshoot systemic problems within the Business Office units, ensuring sound financial practices and minimizing institutional risk.​

Priority:** **Essential** **Percent of** **Time:** **25%

4. Supervising and Training:

+ Directly manage and provide leadership to four supervisory staff, overseeing the work and professional development of their respective teams, which includes approximately four indirect reports and potentially contracted personnel. Provide leadership and direction in the development, recommendation, and implementation of employment, evaluation, and dismissal policies for Business Office employees

+ Champion and actively foster a positive, inclusive, and equitable work environment within the Business Office that values teamwork, collaboration, professional growth, and the diverse backgrounds and perspectives of all employees. Lead initiatives to promote fairness, respect, and equal opportunity.

+ Lead the strategic interview and selection processes for all Business Office positions, ensuring alignment with college equity and inclusion goals and attracting high-caliber talent. Oversee the comprehensive onboarding and orientation of new employees to facilitate their successful integration into the team and the College.

+ Provide strategic mentorship, guidance, and support for the professional growth and development of direct reports and ensure that supervisors provide effective mentorship and development opportunities for their teams. Strategically identify and approve relevant training and professional development opportunities aligned with individual, departmental, and institutional strategic objectives.

+ Establish clear performance expectations, conduct timely and thorough performance evaluations for direct reports, and ensure that supervisors implement effective performance management practices for their teams. Foster a culture of accountability and continuous improvement.

+ Strategically assign responsibilities and projects to direct reports and oversee the assignment of work within their teams to optimize departmental efficiency, leverage individual strengths, and promote professional development.

+ Ensure that all supervision and training activities are strategically aligned with the overall goals and objectives of the Finance Division and the College.​

Priority:** **Essential** **Percent of** **Time:** **15%

5. Perform other duties as assigned to ensure the smooth functioning of the department and maintain the reputation of the organization as a viable business partner.

+ Provides Strategic Financial Leadership on Committees: Serve as the College's lead financial representative on system-level and higher education committees, providing expert strategic financial perspective, advocating for the College's financial interests, and contributing to the development of system-wide policies and initiatives.

+ Leads and Manages Strategic Special Projects: Provide leadership and direct management for high-priority special projects assigned by the President or Vice President of Finance and Operations, including but not limited to complex system implementations (e.g., Workday), significant process re-engineering initiatives, and the development of new financial systems or programs. This includes defining project scope, establishing timelines, managing resources, leading cross-functional teams, and ensuring successful and timely completion in alignment with strategic goals.

+ Strategically Represents the College at the System Level: Act as a key strategic partner to the Vice President of Finance and Operations in representing the College at the MinnState system office. This includes contributing to the development of system-wide financial strategies, advocating for the College's financial needs and priorities, and ensuring effective communication and collaboration.

+ Provides Financial Expertise for Institutional Initiatives: Offer specialized financial expertise and guidance to various college-wide initiatives and taskforces, ensuring sound financial planning, risk assessment, and resource allocation in support of strategic priorities.

+ Proactively Identifies and Leads Improvement Projects: Proactively identify opportunities for significant financial or operational improvements across the College and lead the initiation and execution of special projects aimed at enhancing efficiency, effectiveness, and financial stability.

Secondary** **Percent of Time:** **10%

KNOWLEDGES, SKILLS, AND ABILITIES

Minimum** **Qualifications

+ At least five (5) years* of progressive, professional experience in a financial management, with at

+ At least three (3) years of experience successfully managing, mentoring and developing a team of financial professionals, helping them to set and meet goals and objectives in support of the organization’s mission

+ Ability to function in a complex, high-demand environment, managing multiple priorities simultaneously

+ Demonstrated competence in applying the following:

+ Generally accepted accounting principles and practices, especially GASB

+ Auditing and budgeting principles and practices

+ Financial planning and business administration

+ Financial statement preparation

+ Financial analysis to support managerial decision making

+ Demonstrated success in promoting and supporting an equitable, positive, and respectful work environment that values racial and ethnic diversity among all stakeholders and colleagues.

+ Demonstrated experience leading complex projects and cross-functional initiatives, including the ability to define project scope, develop and manage timelines, coordinate diverse teams, and deliver results aligned with strategic goals.

+ Advanced proficiency in Microsoft Excel, including the ability to design and manage complex spreadsheets, utilize advanced formulas and functions, create pivot tables and charts for data analysis, and apply data validation and conditional formatting to support financial reporting, forecasting, and decision-making.

*A master’s degree in Accounting, Finance, or related field substitutes for 18 months of experience; a bachelor’s degree in Accounting, Finance, or related field substitutes for 12 months; an associate’s degree Accounting, Finance, or related field substitutes for 6 months.

Preferred Qualifications

+ Master's degree in accounting, finance, business administration, or public administration or professional licensure/certification such as: Certified Public Accountant (CPA), Certified Management Accountant (CMA), or Certified Internal Auditor (CIA).

+ Extensive experience in financial and budget management and strategic planning in higher education, state agency, or public sector, including oversight of budget development and forecasting, financial reporting and analysis, student financial services (billing, payments, aid processing), accounting (including receivables, payables, banking, grants), payroll (including student), and purchasing/contracts.

+ 5+ years of experience supervising staff

+ Knowledge of business practices, regulations and principles for government contracting, grant management, and accounting and fiscal management.

+ A record of fostering collaboration, gathering stakeholder input, building transparency and accountability in decision making.

+ Proven ability to implement continuous improvement practices using tools such as Lean, Six Sigma, or other methodologies to enhance operational efficiency, streamline business processes, and support data-informed decision making.

+ Ability to create effective high performing teams through superior leadership skills.

+ Workday Finance ERP administration experience and experience with other relevant financial systems used in higher education for student accounts, general ledger, payroll, and purchasing (e.g., ISRS, MBS, SWIFT).

Salary Range:

$46.68 ($97,468) - $67.01 ($139,917)

Other Requirements

Hennepin Technical College is currently unable to sponsor work visas or green card applications due to regulatory complexity, budget constraints, and alignment with our current hiring strategy. Applicant must be legally authorized to work in the US at the start of employment.

Work Shift (Hours / Days of work)

Day Shift - Full-Time

Telework (Yes/No)

Yes

About

Founded in 1972, Hennepin Technical College is the largest technical college in Minnesota. With campuses in Brooklyn Park and Eden Prairie, Hennepin Technical College has a diverse student population of more than 9,500 and offers degree and non-degree coursework in over 45 programs. Achieving a 99% job placement rate within its network of industry partners, Hennepin Technical College prepares students for in-demand and high-paying employment opportunities Hennepin Technical College is a member of Minnesota State, which includes 30 community and technical colleges and seven state universities serving approximately 400,000 students. It is the fourth-largest system of two-year colleges and four-year universities in the United States.

Hennepin Technical College with campuses in Brooklyn Park and Eden Prairie is a member of the Minnesota State Colleges and Universities System. The college is strategically positioned to meet the economic and workforce development needs of business and industry throughout Minnesota. Hennepin Technical College faculty and staff are committed to preparing students to be successful in obtaining the education and skills that can result in employment and a career. Curriculum is industry validated and delivered in an environment that emulates the work setting. Students receive a well-rounded educational experience that gives them the skills and ability to secure the first job in their career as well as to advance in their career. For more information about Hennepin Technical College, please visit our website at: http://www.hennepintech.edu

NOTICE: In accordance with the Minnesota State Colleges & Universities (MnSCU) Vehicle Fleet Safety Program, employees driving on college/university business who use a rental or state vehicle shall be required to conform to MnSCU’s vehicle use criteria and consent to a Motor Vehicle Records check.

Benefits Information:

At Minnesota State, we have a GREAT BENEFITS PACKAGE! Our generous benefits include 11 paid Holidays, Vacation Time, Sick Time, six weeks of Paid Parental Leave, low cost medical and dental insurance with low deductibles ($150 - $1500), a Pension Plan, 457(b) and 403(b) retirement plans and other retirement investment options, pre-tax medical and dental expense (with roll-over option) and dependent care accounts, employer paid life insurance, short and long term disability, as well as professional development and a tuition waiver program for employees and their dependents, etc. We promote the health and well-being of our employees and take work/life balance seriously.

Benefits Information:

At Minnesota State, we have a GREAT BENEFITS PACKAGE! Our generous benefits include 11 paid Holidays, Vacation Time, Sick Time, six weeks of Paid Parental Leave, low cost medical and dental insurance with low deductibles ($250 - $1500), a Pension Plan, 457(b) and 403(b) retirement plans and other retirement investment options, pre-tax medical and dental expense (with roll-over option) and dependent care accounts, employer paid life insurance, short and long term disability, as well as professional development and a tuition waiver program for employees and their dependents, etc. We promote the health and well-being of our employees and take work/life balance seriously.

Desired Start Date:

01-05-2026

Position End Date:

01-06-2026

Open Date:

11-06-2025

Close Date:

01-06-2026

Posting Contact Name:

Dominique King

Posting Contact Email:

[email protected]