Executive Director of Finance

Hiring Department

School of Medicine Dean's Office-Department of Business & Finance

Job Description

The Executive Director of Finance is responsible for leading the development, implementation, and monitoring of all University of Missouri School of Medicine policies and practices concerned with financial administration, budgets, financial planning, and general accounting as well as ensuring their alignment and adherence to campus and UM System policies. The Executive Director of Finance will have active involvement in organizational financial reporting and enacting cost management initiatives. In addition, this position will engage and collaborate with, among others, the Executive Director of University Physicians, CFO of MU Healthcare, and the School of Medicine Executive Leadership Team in accomplishing these goals.

This executive level position has a leadership role in assisting the School of Medicine (SOM) to achieve its mission to save and improve lives through exemplary education, research, and patient-centered care. The position will have a wide range of responsibilities and the Executive Director must display excellent communication skills while working diligently as an exemplary steward of financial resources.

Roles and responsibilities include:

Develop and administer organization-wide financial policies and financial management practice. Serve as School of Medicine principal representative in UM System and campus finance, tax, and accounting groups.

Direct School of Medicine accounting, cost-management, financial planning, and financial reporting functions. Provide leadership in the development, implementation, and maintenance of financial information and reporting systems.

Steer the understanding, attainment, and monitoring of multiple revenue sources including education/tuition, patient billing, research grants/contracts and philanthropic gifts for each of the departments/units that comprise the School of Medicine as well as a synthesis of these sources in ways that provide a comprehensive School-level financial profile.

In conjunction with School leadership, develop the long-term financial plan in support of the School of Medicine’s strategic plan. Remain attentive to identifying opportunities and making recommendations that enhance the long-term financial health of the school.

Direct the preparation of the organization’s capital and operating budgets.

Liaise with the SOM Office of Research, OSPA and campus finance leadership to provide oversight of SOM (especially post-award) grant/contract management. Accelerate the development and implementation of systems to assure investigator and departmental accountability for timely post-award expenditures and overall grant/contract fund management.

Consult with department leaders to ensure budget allocations and financial decisions are in alignment with strategic priorities and goals. Provide regular and ad hoc reports to assist with decision making. May include presentations to unit leaders including the Chancellor and various vice chancellors.

Serve as the accountable leader for day-to-day transactional accounting and fiscal activities including oversight of fiscal staff that manage accounts payable, accounts receivable, journal entries, travel expenses, purchasing card activity, and budget maintenance.

Organize and deliver department level educational training ensuring fiscal staff receive appropriate and adequate preparation to competently perform their duties and comply with all UM System, campus and School of Medicine policies and procedures.

Collaborate with the Senior Director of Administration and Operations to provide performance feedback and coaching to department administrators and others who manage department financial matters.

Provide performance feedback on departmental fiscal staff to Chairs, and work with employee and department Chair to resolve any performance issues encountered.

Develop, recommend, interpret, and implement internal controls, policies and procedures affecting the general accounting and financial statistical reporting.

Consistently display initiative to achieve greater efficiencies, innovate as needed and ensure timeliness and clarity of financial reports.

Participate in relevant university, state, and national committees and responsively handle special requests of the same. Serve as a member of both the EVCHA/Dean’s Executive Leadership team and the Administration and Operations team to ensure key leaders are fully apprised of financial matters that affect the School of Medicine.

Salary

Salary Range: Salary Commensurate on Experience

Grade: GGS-E1B

University Title: Executive Director

Internal applicants can determine their university title by accessing the Talent Profile tile in myHR.

Shift

Monday – Friday

8:00 a.m. – 5:00 p.m.

Minimum Qualifications

A Master's degree in a relevant area and 10 years of experience from which comparable knowledge and skills can be acquired OR a Bachelor's degree in a relevant area and 12 years of experience from which comparable knowledge and skills can be acquired is necessary.

Preferred Qualifications

Advanced degree and/or certifications in accounting, finance, business, healthcare and/or closely related fields.

10+ years of experience in comprehensive financial leadership position(s)

Experience in an academic medical center financial role

Application Materials

In addition to the Online Application, please provide a Cover Letter and Resume.

Columbia Missouri Information

Columbia, Mo., is known as an ideal college town, combining small-town comforts, community spirit and low cost of living with big-city culture, activities and resources. Home to nationally renowned public schools and other colleges and educational centers, Columbia is packed with restaurants and entertainment venues and hosts more than a dozen annual cultural festivals.

Benefit Eligibility

This position is eligible for University benefits. The University offers a comprehensive benefits package, including medical, dental and vision plans, retirement, paid time off, and educational fee discounts. For additional information on University benefits, please visit the Faculty & Staff Benefits website at http://www.umsystem.edu/totalrewards/benefits

Values Commitment

We value the uniqueness of every individual and strive to ensure each person’s success. Contributions from individuals with diverse backgrounds, experiences and perspectives promote intellectual pluralism and enable us to achieve the excellence that we seek in learning, research and engagement. This commitment makes our university a better place to work, learn and innovate.

In your application materials, please discuss your experiences and expertise that support these values and enrich our missions of teaching, research and engagement.

Equal Employment Opportunity

Equal Opportunity is and shall be provided for all employees and applicants for employment on the basis of their demonstrated ability and competence without unlawful discrimination on the basis of their race, color, national origin, ancestry, religion, sex, pregnancy, sexual orientation, gender identity, gender expression, age, disability, protected veteran status, or any other status protected by applicable state or federal law. This policy shall not be interpreted in such a manner as to violate the legal rights of religious organizations or the recruiting rights of military organizations associated with the Armed Forces or the Department of Homeland Security of the United States of America. For more information, call the Director of Employee and Labor Relations at 573-882-7976.

To request ADA accommodations, please call the Director of Accessibility and ADA at 573-884-7278.

Know Your Rights

To read more about Equal Employment Opportunity (EEO) please use the following links:

• Know Your Rights English Version
• Know Your Rights Spanish Version

Vaccination Statement

After careful consideration of COVID-19 virus trends and the overwhelming evidence of COVID-19 vaccine safety and effectiveness, the School of Medicine, along with MU Health Care, the Sinclair School of Nursing and the School of Health Professions, recently announced the decision to require COVID-19 vaccinations by Oct. 1, 2021, for all employees, unless granted a medical or religious exemption.

All new hires will be required to submit proof of vaccination prior to your start date. If you would like to request a medical or religious exemption, you must do so upon acceptance of employment so our team has time to review prior to your scheduled start date. You will not be allowed to begin work until you have submitted proof of vaccination or received an approved medical or religious exemption.

Thank you for helping us to create the safest environment possible for our colleagues, students and our patients by protecting yourself and others through COVID-19 vaccination.

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