Siena College Finance Department

The Finance Department at Siena College plays a vital role in ensuring the institution's financial stability and responsible resource management. Committed to both fiscal responsibility and supporting Siena's mission of fostering intellectual, moral, and spiritual development, the department oversees a broad range of financial activities.

At its core, the Finance Department is responsible for the accurate and timely accounting of all college funds. This encompasses everything from tuition revenue and endowment management to grant administration and departmental budget oversight. They meticulously track income and expenses, ensuring compliance with generally accepted accounting principles (GAAP) and relevant regulations.

Beyond basic accounting, the department is deeply involved in financial planning and analysis. They collaborate with senior leadership to develop and implement the college's annual budget, carefully considering strategic priorities and enrollment projections. They analyze financial trends, identify potential risks and opportunities, and provide data-driven insights to inform decision-making across all departments. This forward-thinking approach allows Siena to proactively address financial challenges and capitalize on growth prospects.

A significant portion of the Finance Department's work revolves around managing the college's endowment. This includes partnering with investment managers to ensure the endowment generates sustainable returns that support scholarships, faculty positions, and other essential programs. They diligently monitor investment performance and adhere to a carefully crafted investment policy designed to balance risk and return.

The department also plays a key role in procurement and contract management, ensuring that the college obtains goods and services at competitive prices while adhering to ethical and legal standards. They negotiate contracts, manage vendor relationships, and oversee the bidding process for major projects.

Furthermore, the Finance Department is dedicated to transparency and accountability. They provide regular financial reports to the Board of Trustees, senior administration, and other stakeholders, keeping them informed about the college's financial health and performance. They also work closely with auditors to ensure that the college's financial statements are accurate and reliable.

The Siena College Finance Department is staffed by a team of dedicated professionals with expertise in accounting, finance, and business administration. They are committed to providing excellent service to the entire Siena community, from students and faculty to staff and alumni. Their efforts are critical to the college's long-term financial sustainability and its ability to fulfill its mission of providing a high-quality Franciscan education.