Associate Director, Capital and Financial Planning
Associate Director, Capital and Financial Planning
Hiring Department: Budget & Financial Analysis
Location: Chicago, IL USA
Requisition ID: 1034450
Posting Close Date: 6/4/2025
Salary: The budgeted salary range for this position is $105,000-$120,000. Final salary offered will be determined by a thorough assessment of available market data, internal salary equity, candidate experience and qualifications, and budget constraints
About the University of Illinois Chicago
UIC is among the nation's preeminent urban public research universities, a Carnegie RU/VH research institution, and the largest university in Chicago. UIC serves over 34,000 students, comprising one of the most diverse student bodies in the nation and is designated as a Minority Serving Institution (MSI), an Asian American and Native American Pacific Islander Serving Institution (AANAPSI) and a Hispanic Serving Institution (HSI). Through its 16 colleges, UIC produces nationally and internationally recognized multidisciplinary academic programs in concert with civic, corporate and community partners worldwide, including a full complement of health sciences colleges. By emphasizing cutting-edge and transformational research along with a commitment to the success of all students, UIC embodies the dynamic, vibrant and engaged urban university. Recent "Best Colleges" rankings published by U.S. News & World Report, found UIC climbed up in its rankings among top public schools in the nation and among all national universities. UIC has over 300,000 alumni, and is one of the largest employers in the city of Chicago.
Benefits eligible positions include a comprehensive benefits package which offers: Health, Dental, Vision, Life, Disability & AD&D insurance; a defined benefit pension plan; paid leaves such as Vacation, Holiday and Sick; tuition waivers for employees and dependents. Click for a complete list of Employee Benefits.
The University of Illinois Chicago offers a very competitive benefits portfolio. Click for a complete list of Employee Benefits.
Position Summary
The Associate Director of Capital & Financial Planning leads the development, implementation, and management of UIC's integrated long-range capital and operating budget, ensuring alignment with institutional goals and infrastructure priorities. Serving as the primary liaison between the Vice Chancellor for Finance and the Vice Chancellor for Administrative Services, the role also oversees university-wide cost studies, supports service rate development, and contributes to cost accounting efforts across academic and administrative units. This position plays a key role in advancing data-informed decision-making, promoting fiscal accountability, and supporting the long-term financial sustainability of the University.
Duties & Responsibilities
Short- and Long-Range Operating Budget
- Lead the implementation and management of UIC's annual and five-year operating budgets within the long-range financial planning system, ensuring alignment with institutional goals.
- Maintain the Operating Ledger module by partnering with colleges and administrative units to develop realistic, multi-year revenue and expenditure projections.
- Monitor budget performance, identify material variances, and work with leadership to assess root causes and recommend corrective actions.
- Provide analytical support and scenario modeling to inform strategic planning and promote long-term financial sustainability.
Long-Range Capital Budget
- Oversee the implementation of UIC's 10-year capital budget in the long-range financial planning system, in collaboration with technical staff.
- Partner with the Office of the Vice Chancellor for Administrative Services and other stakeholders to support strategic capital investment planning.
- Build and maintain financial models to project capital funding needs and cash flow, with emphasis on centrally funded projects.
- Prepare and present capital planning analyses to senior leadership, highlighting financial risks and opportunities across units.
- Assess capital project budgets to ensure alignment with university goals, with a focus on unit-level financial health and reserves.
Creditworthiness and Ratings Management
- Monitor factors influencing creditworthiness, including revenue trends, debt load, and operating costs-and calculating key metrics such as debt service coverage, cash-to-debt ratios, and EBIDA margins.
- Guide scenario modeling in the long-range financial planning system to assess how financial strategies impact simulated credit ratings and key financial ratios.
- Collaborate with campus leadership to evaluate the credit implications of proposed debt issuances and major financial commitments.
- Conduct independent credit risk assessments of key university entities, identifying trends and potential impacts on UIC's overall credit profile
Cost Accounting and Financial Analysis
- Lead University-wide overhead cost studies to ensure accurate identification and allocation of central administrative and support costs.
- Conduct cost allocation analyses to equitably distribute overhead expenses to academic, administrative, and auxiliary units based on their proportional use or benefit.
- Evaluate and refine allocation methodologies to promote transparency, accountability, and alignment with best practices.
- Provide data-driven insights to inform budgeting decisions, service rate development, and policy recommendations related to cost recovery and internal funding models.
- For units operating in deficit, or upon request, collaborate with fee-for-service units to assess and adjust service rates, ensuring rates are fully burdened to reflect actual costs.
Leadership and Collaboration
- Function as a key financial advisor to campus units and administrative leadership.
- Serve as the central budget manager for a portfolio of Colleges and Administrative Units.
- Build and maintain strong working relationships with stakeholders across campus, including the Office of the Vice Chancellor for Administrative Services and fee-for-service operations.
- Support the development of university-wide financial policies related to capital planning, cost accounting, and overhead allocation.
Working Conditions
- Full-time, salaried position with typical office hours.
- Occasional travel or attendance at university-related events may be required.
Minimum Qualifications
- Bachelor's degree in accounting, Finance, business Administration, or a related field (master's degree preferred).
- Minimum of 5 years of experience in budgeting, capital or financial planning, cost accounting, or related financial roles, preferably within higher education or public sector organizations.
- Knowledge of financial modeling, capital project financing, and cost allocation methodologies.
- Knowledge of funding capital projects through various mechanisms, including debt service, public-private partnerships (P3s), and other funding sources.
- Demonstrated ability to collaborate with senior leadership and cross-functional teams.
- Strong user-level proficiency with financial systems and planning tools, along with advanced skills in Microsoft Excel; technical or programming experience is not required.
- Strong analytical, problem-solving, and decision-making skills.
- Excellent communication and interpersonal skills, with the ability to present complex financial data in a clear and concise manner.
Preferred Qualifications
- Experience working with capital projects, facilities management, or infrastructure financing in a higher education environment.
- Knowledge of GASB standards and other accounting principles related to capital asset management and cost accounting.
The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit Required Employment Notices and Posters to view our non-discrimination statement and find additional information about required background checks, sexual harassment/misconduct disclosures, and employment eligibility review through E-Verify.
The university provides accommodations to applicants and employees. Request an Accommodation
To apply, visit https://uic.csod.com/ux/ats/careersite/1/home/requisition/14933?c=uic
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University of Illinois Chicago
May 22, 2025