Budget & Financial Analyst

Make a Lasting Impact

Budget and Financial Analyst

New York, NY

At ITHAKA, we think nothing is better than knowing we are having a positive impact on the world. We impact the lives of millions of people and thousands of institutions every day both in ground-breaking ways and in small ways that mean a lot.

Our Organization

As a not-for-profit organization, we care deeply about our mission. We work with leaders in the global higher education community to advance and preserve knowledge and to improve teaching and learning through the use of digital technologies. We also help colleges
and universities develop strategies that will broaden access to higher education while reducing the cost and improving student outcomes. We are passionate about the value of education and are driven to help our universities, colleges, and high schools become
better, more affordable, and more effective, and to reach beyond these traditional walls to support learners everywhere.

In two decades, we have launched some of the most transformative and widely used services in higher education: JSTOR, Portico, and Ithaka S+R. In addition, ITHAKA recently entered into a strategic alliance with Artstor and furthers a number of Artstor’s initiatives.
Our 300+ employees work closely with our user communities, day in and day out, to build and continuously improve upon these services, and to identify new opportunities to expand access to knowledge and learning. As a successful, growing organization in a demanding
and dynamic environment, we challenge ourselves to retain an entrepreneurial spirit that pursues and embraces change.

ITHAKA is headquartered in New York, New York with additional offices in Ann Arbor, Michigan and Princeton, New Jersey and provides legal oversight and services for Artstor, also located in New York, New York. We also manage a subsidiary, Ithaka International,
LLC. to expand our impact globally.

Mission and Funding

We are proud to be a not-for-profit organization, but our status is a reflection of our mission, not our funding model. Our work across these services is highly valued in the global higher education community, and we cover our costs by collecting fees in exchange
for the access, preservation, and research and consulting services we provide. That exerts a real discipline on our operations in that we must continually adapt to the needs of our audiences to be worthy of their support. Thousands of higher education and
related institutions around the world are ITHAKA’s primary financial supporters; their JSTOR participation fees provide 88% of ITHAKA’s revenue. Our 99% renewal rate for JSTOR generates stable recurring income, alleviating the dependency on fundraising that
many not-for-profits experience. Because the organizations share our commitment to our mission, we have the financial resources necessary to maintain a great work environment that encourages innovation and excellence.

The Role

ITHAKA’s Budget and Financial Analyst will be responsible for conceptualizing, building, and maintaining annual budgets and financial models for business planning, analysis, and control. This person will report to the Manager of Budget and Financial Analysis
and work to provide business planning services to ITHAKA’s managers and staff. These activities will include extensive quantitative analyses such as business modeling, quarterly financial performance reviews, and forecasting as well as qualitative efforts
such as market and industry research and presentations. The ideal candidate will have excellent verbal and written presentation skills, a customer-focused approach, and the confidence to work with senior management. Top notch Excel skills are required.

Our organization and this role are unique and will provide you with an opportunity few other places can offer including:

» Significant opportunity to contribute in modeling and presenting various business opportunities that will support strategic decision making.

» Regular interaction with and presentations to the CFO and other senior management.

» Exposure to all areas of the organization.

Specific Objectives and Responsibilities

» Develop the annual budget with the financial analysis and accounting teams by collaborating and managing input from budget managers.

» Work closely with the accounting team to ensure that budget goals are communicated accurately and timely throughout the year.

» Investigate and understand key business issues behind the numbers, and provide clear, concise and timely analyses and recommendations. Identify risks and opportunities in the financial projections.

» Ensure that financial information is presented clearly, consistently and on time.

» Explain and translate financial reports/documents to ITHAKA staff as needed.

» Perform quantitative analysis, including integrated Revenue/Expense analysis, projections, reports, and presentations. Assist various departments with any financial modeling/forecasting or financial proposals.

» Help to evaluate partnerships and relationships relevant to ITHAKA’s business model.

» Identify financial trends and developments in the competitive environment.

» Work on special projects as assigned to meet business needs. This can include acquisition analysis, pricing analysis, and portfolio and market analysis.

» Occasional travel to other ITHAKA office locations may be required.

Skills, Experience, and Characteristics

» Bachelor’s Degree in Finance or Accounting from an accredited college or university.

» 3-5 years of experience in finance or accounting with strong financial modeling role.

» Advanced skills in Excel to build financial models and manipulate/transform extensive sets of data for analytical purposes.

» Proficiency in Word, Access and PowerPoint. Capable of working with various web based software for budgeting and data analysis.

» Ability to interact and communicate effectively with all levels of the organization.

» Excellent attention to detail.

» Strong quantitative analytical skills.

» Accountability and flexibility a must.

» Ability to work effectively as part of a team in a fast paced environment.

» Demonstrated interest in areas of higher education and/or technology is desirable.

» An advanced degree is a plus.

Work for us

Come join our team of talented and dedicated people with great ideas who want to make the world a smarter place. Individuals will be rewarded with excellent career development and a fantastic benefits package that includes:

• Choice of two medical plans, one at no cost to the employee

• Employer paid dental, vision, life insurance, and employee assistance programs

• Employer contributed retirement and much, much more

How to apply:

Interested candidates can submit their resume, a detailed cover letter, and salary requirements to:

https://rew22.ultipro.com/ITH1000/jobboard/NewCandidateExt.aspx?__JobID=731

ITHAKA is an equal opportunity/affirmative action employer.