University of Minnesota · 1 day ago
Vice President and Chief Budget Officer
Minneapolis, MN
Full-time
Onsite
Director/Executive
$275K/yr - $400K/yr
10+ years expThe University of Minnesota is a comprehensive, land-grant public research university seeking a Vice President and Chief Budget Officer. This role involves leading the university’s budget strategy and resource allocation across five campuses, ensuring financial sustainability while effectively communicating budget priorities to stakeholders.
EducationHigher EducationUniversities
Responsibilities
Architect and govern the University's comprehensive budget model, advising executive leadership on resource allocation, financial policy, and long-term fiscal sustainability
Drive continuous improvement in financial planning processes and lead the identification and practical implementation of new financial strategies to optimize resource deployment
Consult with the Board of Regents, executive leadership, Deans, and governing bodies to ensure budget principles and the President’s recommended annual operating budget reflect institutional priorities
Develop and maintain Board and administrative policies related to budget management
Direct the preparation and articulation of the University's external operating budget requests, serving as the primary operating budget liaison to the State of Minnesota
Consult on the planning and execution of the annual capital improvement budget to incorporate relevant impacts into development of the annual operating budget
Consult on the development and execution of capital financing strategies and provide support to the issuance of University debt
Serve as a member of the Executive Budget Committee with the Executive Vice Presidents of the University to lead all University units through a robust annual operating budget development process culminating in detailed recommendations to the University President on all components of the annual budget
Collaborate with the Vice President of Finance / Assistant CFO and the University Chief Investment Officer to develop institutional financial strategies and exercise oversight of University financial assets
Lead the development, preparation, and presentation of all internal and external operating budget materials, ensuring clarity, transparency, and strategic alignment
Oversee institution-level financial forecasting, analysis, and reporting activities, providing actionable intelligence to manage University resources effectively
Work with the Chief Financial Managers of all five campuses and administrative units to develop, deliver, and implement the University’s annual operating budget
Partner with the Vice President of Finance / Assistant CFO to ensure rigorous internal controls and coordinate interfaces with the Controller's office, HR/Payroll, and Benefits and Student Finance, and others to safeguard data integrity and compliance
In conjunction with the Institutional Data and Research team, direct the compilation of required statistical data for management and financial reporting across all five campuses and administrative units
Identify programmatic and budgetary issues and solution options affecting the University of Minnesota and individual academic and support units
Work with the Auxiliary units and the Internal Sales Office to understand the financial status of these organizations, including their rate development status and levels of rate subsidies; determine where there are problems or issues that senior leadership should be aware of and options for solving those problems
Oversight of distributions from the institutional income reserve, Enterprise Assessment distributions, centrally held investment pools, balance reviews, fiscal pages, statutorily required reports to the State of Minnesota, the Administrative Overhead Report, the PeopleSoft system budget entry module, and responses to ad hoc financial questions from University and external constituents
Provide oversight of institution-level fees and the fee development process for all campuses and administrative units
Manage the University's complex fringe benefit rate process, including coordinating the development and submission of rates to the cognizant federal agency, evaluating and recommending benefit modifications, and overseeing allocations from internal administration pools
Train internal and external audiences on the University’s budget, the budget process, and the budget model used for decision-making
Present, explain, and demystify the University’s budget, budget process, and budget model for internal and external audiences, translating complex financial structures into clear, accessible information that fosters understanding, trust, and accountability among stakeholders
Provide leadership and mentorship to the University Budget Office staff, fostering a culture of excellence, development, and high performance, and ensuring robust talent retention strategies are in place
Grow and develop the University Budget Office staff, emphasizing strong analytical and forecasting skills
Partner with the Vice President of Finance / Assistant CFO to provide dotted-line leadership and mentorship to the Chief Financial Managers of all five campuses and administrative units, fostering a culture of trust and excellence in financial management
Qualification
Required
Master's degree (in Accounting, Finance, Business Administration, Public Policy, Economics, or a related field)
A minimum of ten years of progressively responsible, large-scale financial planning, budgeting, or resource management leadership experience within a large, complex organization
Preferred
Direct, senior-level experience with budgeting and financial management in a leading public or private research university, academic medical center, or similarly complex, mission-driven institution
Demonstrated success managing multi-billion dollar operating budgets and providing strategic financial leadership in a highly decentralized environment
Familiarity with various resource allocation and budget models (e.g., Responsibility Center Management, Activity-Based Budgeting) that support both academic excellence and operational efficiency
Experience in a shared governance environment, demonstrating the ability to build consensus and collaborate effectively with faculty, staff, and student leadership
Demonstrated ability to communicate complex budget concepts clearly and credibly to diverse audiences, including faculty, governing bodies, policymakers, and the public
Benefits
Competitive wages, paid holidays, and generous time off
Continuous learning opportunities through professional training and degree-seeking programs supported by the Regents Tuition Benefit Program
Low-cost medical, dental, and pharmacy plans
Healthcare and dependent care flexible spending accounts
University HSA contributions
Disability and employer-paid life insurance
Employee wellbeing program
Excellent retirement plans with employer contribution
Public Service Loan Forgiveness (PSLF) opportunity
Financial counseling services
Employee Assistance Program with eight sessions of counseling at no cost
Employee Transit Pass with free or reduced rates in the Twin Cities metro area
Company
University of Minnesota
University of Minnesota is an educational institution that offers master's and doctoral degrees in medicine, law, and engineering fields.
10001+ employees
H1B Sponsorship
University of Minnesota has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (298)
2024 (240)
2023 (289)
2022 (215)
2021 (201)
2020 (185)
Funding
Current Stage
Late StageTotal Funding
$97.08MKey Investors
American Academy of Orthopaedic SurgeonsNational Science FoundationU.S. Environmental Protection Agency
2023-12-01Grant· $0.03M
2023-05-04Grant· $20M
2023-04-13Grant· $10M
Leadership Team
Shane Stennes
Chief Sustainability Officer
Recent News
2025-12-17
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