Chief Financial Officer

Employer
University of Michigan - Dearborn
Location
Michigan, United States
Salary
Salary Commensurate with experience
Posted
Oct 14, 2020
Employment Level
Administrative
Employment Type
Full Time

The University of Michigan-Dearborn, a comprehensive university ranked as the 4th top public regional university (US News and World Report) in the midwest, offers the internationally recognized Michigan degrees rooted in a commitment to serve and impact southeast Michigan.  

The university seeks a dynamic and visionary leader to serve as Vice Chancellor for Business Affairs (VCBA) who acts as the Chief Financial Officer with an annual total budget of approximately $197M.

With an enrollment of just under 8,800 undergraduate and graduate students, UM-Dearborn is an inclusive, student-focused institution distinguished by its commitment to excellence in teaching, learning, research and scholarship, as well as access, and affordability. Reporting to the Chancellor, the Vice Chancellor will be a key member of the university’s senior leadership team, working to develop and implement an integrated and robust administrative support structure, business plan and budget model positioning the university for long-term growth and future success.

Job Description and Key Responsibilities:

The Vice Chancellor for Business Affairs is responsible for business and financial operations at the University of Michigan-Dearborn. The Vice Chancellor will provide leadership and strategic oversight of budget development, financial services, facilities and operations, procurement and contracts and human resources. The role also has campus level responsibility for police and public safety and emergency management. This individual will work to help the chancellor realize his agenda for the campus and will partner with him to work collaboratively with the Provost and other senior academic and administrative leaders to implement and assist in the development of strategic goals and objectives that advance the University of Michigan-Dearborn's mission.  

The VCBA will play an important role in several key initiatives: our new strategic plan, and a Strategic Enrollment Management (SEM) plan being developed in partnership with our Vice Provost for Enrollment Management and a cross-campus team. The VCBA will also implement a new financial model, based on an appropriately designed Responsibility Centered Management (RCM), and will be responsible for aligning fiscal systems and resources to best support the University’s strategic needs.  

Key Responsibilities:

  • On all matters related to the University of Michigan-Dearborn’s finances and budget, serve as chief advisor to the Chancellor and as directed liaison to University of Michigan-Ann Arbor. 
  • Develop, implement and maintain transformative and comprehensive business plan development and financial planning functions that align with the University’s strategy and mission.
  • Oversee all aspects of the budgeting and planning process, for a budget of $197 million, including the implementation of a Responsibility Centered Management (RCM) budget model, ensuring financial decisions align with the University’s goals, including but not limited to Strategic Enrollment Management and Return on Investment Strategies.
  • Improve financial competencies throughout campus, including designing training programs, including designing training programs, to ensure clear understanding of the new zero based budgeting methodology. Drive recommendations for strategic resource allocations, as well as adjustments in response to changes in revenue, both current and projected through a quantitative and data-driven focus.   Provide leadership and guidance to the 108 staff in business affairs

The  Ideal Candidate will bring: 

Visionary leadership

    Ability to drive broad outcomes-based strategic initiatives while overseeing day-to-day management and project responsibilities. Demonstrated experience utilizing data and analytics to inform decision making, goal setting, and performance measurements.  Ability to help shape the creation of the university’s administrative support structure and strategy with vision and creativity. An entrepreneurial outlook and eye to new possibilities and emerging challenges.  An ability to foster a positive working environment, build and motivate a team and to inspire commitment and dedication to one’s work; focusing on positive leadership qualities and values will be key to success in this role.

 Effectiveness and expertise in organizational change management

    Strong understanding of current national and global best practices and trends in the management of business and fiscal matters within higher education. Demonstrated capacity to conduct strategic planning, build consensus, determine institutional readiness for change and act decisively in plan implementation. Ability to develop and clearly communicate institutional strategies, key measures of institutional success and accountabilities to both internal and external stakeholders. Respect for the value of each person’s contributions to a team, as well as a demonstrated commitment to enhancing diversity and inclusion.  Experience with data driven and informed decision making in a complex high paced environment. Ability to produce forward-looking, transparent strategic plans and budgets that link expenditures to outcomes. 

Required Qualifications

    A bachelor’s degree in business, accounting and/or finance or related field. Minimum of 6-10 years of progressively responsible leadership experience in a complex organization with strong financial/budgetary acumen. Significant financial and budget management experience in a leadership role. Expertise in contract negotiation, financial reporting, organizational analysis and strategic planning. Significant leadership skills. Strong verbal and written communication skills. Adherence to the philosophy of “mission first, people always.” Intelligence, kindness, compassion, courage, humor and unquestionable integrity and moral character; an individual whom the institution and community can trust completely and without reservation.

Preferred Qualifications

    Experience working with deans or other academic leaders to enact change. Experience leading facilities, human resources, and/or public safety functions. An advanced degree in a relevant discipline.


The University of Michigan-Dearborn provides a generous benefits package including medical, dental, vision, tuition support, and retirement contributions. More information is available at https://hr.umich.edu/benefits-wellness  .