Reporting directly to the President of Indiana University, the
Vice President (VP) for Finance and Administration serves as the
university's top fiscal officer, coordinating budgetary, financial,
and administrative issues across all of IU's campuses. Responsible
for balancing IU's operating and capital budgets, planning for
changes in revenue, estimating enrollments, containing costs, and
managing the institution’s level of risk to protect its assets, the
VP for Finance and Administration provides leadership, oversight,
and stewardship for all aspects of the university's financial
resources while ensuring absolute institutional integrity on fiscal
and administrative matters.
As one of the largest university systems in the U.S., IU
consists of seven campuses, more than 200 research centers and
institutions, a total budget of approximately $4.10 billion, and
approximately 9,500 faculty, 12,000 staff and nearly 93,000
students. The current endowment is more than $2.2 billion. IU is
one of only seven public universities in the nation with a AAA
credit rating from both Moody's Investor Service and S&P
Global. These ratings were reaffirmed in May 2020.
The VP for Finance and Administration is a strategic advisor to
the president and recommends financial and administrative
objectives, policies, programs, and practices that ensure a sound
financial structure for the university. A keen understanding of
significant issues/opportunities and the ability to develop and
interpret complex financial models will be integral for this role.
Focus will be directed toward capital financing and structuring,
complex investment strategies, liquidity forecasting, operating
expense efficiency and compliance across varied state, federal and
industry regulations. The VP for Finance and Administration is a
member of the President's Cabinet at IU and is a significant
contributor to advancing the mission and strategic direction of the
university, which includes promoting a climate of inclusion and
Candidates with diverse backgrounds will be considered, although
ideal candidates will have demonstrated experience and success in
many of the following areas:
- Fifteen-plus years of experience in financial leadership roles
in complex environments, with exposure to a broad range of
financial, operational and risk management principles and
- A strong, strategic orientation with the ability to serve as a
strategic partner and advisor to the president as well as
collaborate closely with other leaders on the senior administrative
team and members of the board of trustees.
- An understanding of institutions of higher education with
significant research activity and/or research-oriented,
mission-driven enterprises is desirable.
- Relevant use of financial models, financial analysis,
performance measures and metrics to understand complex situations,
inform decision making and communicate decisions.
- Commitment to, and track record of, impact in the area of
diversity, equity and inclusion. Experience building and leading in
an inclusive environment.
- Strong academic credentials required, including a preference
for an M.B.A. and/or related graduate degree(s) or CPA.
Indiana University has retained Spencer Stuart to assist in this
recruitment. To nominate an individual, express personal
interest in the position, or communicate comments, questions, or
suggestions to the search committee, please feel free to use the
confidential search mailbox IUVPFA@spencerstuart.com.
A complete position description will be sent on request or can
be found here.