Business Manager

Title:
Business Manager

Department:
MT School of Management

Reports To:
Dean, Martin Tuchman School of Management

Position Type:
Staff

Position Summary:
The Business Manager provides
fiduciary oversight, strategic financial planning, and day-to-day management of
the Martin Tuchman School of Management's financial resources. The position is
responsible for overseeing more than 100 individual budgets totaling
approximately $12M, including operating funds, grants, endowments, start-up
funds, seed grants, and other restricted and unrestricted accounts.

This role ensures compliance
with university, state, sponsor, and donor guidelines while supporting school
priorities through sound financial analysis, reporting, and planning. The Business Manager serves as the primary financial resource for the Dean and represents
MTSM in university-level financial systems, committees, and reporting
processes.

Essential Functions:
-Provide comprehensive
oversight of all MTSM budgets, including operating, grant, endowed, and
restricted accounts; ensure appropriate use of funds and compliance with applicable policies and restrictions.
-Review and analyze financial
activity on a regular basis to identify discrepancies, correct misallocations,
and ensure timely and accurate processing of charges, deposits, transfers, and
journal entries in Workday and Banner.
-Develop, manage, and monitor
the annual school budget in alignment with strategic priorities; prepare
forecasts and scenario analyses to support planning and decision-making.
-Prepare and present regular
financial reports and analyses for the Dean, including budget status, trends,
and recommendations for optimal resource allocation.
-Process and approve
financial transactions, including purchases, reimbursements, travel expenses,
payroll actions, budget transfers, recasts, journal vouchers, and related
documentation using Workday, Banner, and Chrome River.
-Oversee personnel-related
financial actions, including adjunct and part-time faculty contracts, summer
research pay, secondary assignments, graduate assistant nominations, and
student payroll.
-Ensure adequate funding and
financial oversight for PhD students, research assistants, and grant-supported
personnel; coordinate with faculty, Associate Deans, Sponsored Research, and
other university offices as needed.
-Serve as the primary liaison
with central administrative units including Budget, Finance, Sponsored
Research, Human Resources, Development, and General Accounting.
-Support procurement
activities, including vendor identification, quote solicitation, and cost
analysis for major purchases; ensure best value and adherence to procurement
policies.
-Train, guide, and support
faculty and staff on financial policies, procedures, and best practices;
develop and maintain written financial process documentation.
-Lead data collection and
reporting for AACSB accreditation and other external requirements, coordinating
financial, personnel, and resource data across university offices.
-Participate in university
financial systems training, including Workday, and serve on relevant financial
committees as the MTSM representative.
-Perform other duties as
assigned by the Dean in support of school and university operations.

Prerequisite Qualifications:
-Bachelor's degree in
finance, accounting, business administration, or a related field.
-Minimum of 3 years of
progressively responsible financial or budget management experience, preferably
in a higher education environment.
-Demonstrated experience
managing multiple budgets with approval authority over financial transactions
and budget adjustments.
-Strong analytical skills and
experience with budget planning, forecasting, and financial reporting.
-Proficiency with Workday,
Banner, Chrome River, and advanced Excel skills.
-Ability to interpret and
apply policies, procedures, and funding restrictions accurately.
-Strong organizational,
communication, and interpersonal skills, with the ability to work effectively
with faculty, staff, and senior leadership.
-At the university's discretion, the education and experience prerequisites may be exempted where the candidate can demonstrate to the satisfaction of the university, an equivalent combination of education and experience specifically preparing the candidate for success in the position.

Preferred Qualifications:
-Experience in a public
university or unionized environment.
-Familiarity with grant,
endowment, and donor-restricted fund management.
-Experience supporting
accreditation or compliance reporting (e.g., AACSB).

Bargaining Unit:
PSA

Range/Band:
24

Salary Information:
In compliance with the NJ Pay Transparency Law, the negotiated annual salary range for this position is $66,844.56-$124,923.48 (USD). NJIT considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/training, key skills, internal peer equity, as well as, market and organizational considerations when extending an offer. This pay range represents base pay only and excludes any additional items such as incentives, bonuses or other items.

To learn more about the comprehensive benefits NJIT offers for this position, please visit our benefits page: https://hr.njit.edu/health-benefits.

FLSA:
Exempt
Full-Time