Senior Associate Vice President for Finance and Deputy Chief Financial Officer

Wayne State University
Michigan, United States
Salary Not Specified
Posted Date
Mar 31, 2022

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Position Type
Faculty Positions, Business & Management, Accounting & Finance, Administrative, Business & Administrative Affairs, Financial Affairs, Chief Business Officers & Vice Presidents, Executive, Chancellors & Presidents, Other Executive
Employment Level
Employment Type
Full Time
Position Information

Posting Details

Posting Number

Position Title
Senior Associate Vice President for Finance and Deputy Chief Financial Officer

Number of Vacancies

33 - VP Finance and Business Operations

Primary Department
H3301-VP Finance & Facilities Management

Working Conditions
Wayne State University requires all students, faculty and staff to be fully vaccinated against COVID-19 with limited exceptions. Learn more at:WSU Covid-19 Website

Essential Functions (Job Duties)
Reporting to the Vice President for Finance and Business Operations, Treasurer and Chief Financial Officer, the Senior Associate Vice President for Finance and Deputy Chief Financial Officer provides consultative analysis, advice, and reports to the President and Board of Governors on treasury and financial activities. Oversees financial management functions within a framework of sound internal controls and applicable best practices. Oversees the Investments and Treasury function providing strategic planning for the university's cash management and investments and debt. Serve as the Chief of Staff for the Finance and Business Operations Division.

- Direct and coordinate the fiscal affairs of the University. Serve as consultant to University officials, administrators, committees and board members on all aspects of fiscal operations and related matters. Consult and coordinate with the Business Affairs Officers of the schools, colleges and divisions and direct as appropriate as they manage the fiscal affairs and operations of their respective units. Advise and guide University leadership on long- and short-term institutional planning; provide information and research to support data informed decision-making and strategic planning. Oversee the preparation of university financial statements and other financial reports. Oversee the fiscal closing activities to ensure timely completion and accurate reporting.

- Provide regular periodic interim financial reports to help ensure effective financial control environment and timely identification of emerging financial issues, problems and opportunities. Advise CFO, President, and Board of Governors of emerging financial issues and develop timely recommendations for corrective action as needed.

- Provide leadership in external debt planning and issuances working closely with investment bankers and internal finance team. Oversee efforts relative to shaping the investment policy for the University's short-term cash portfolio, ensuring ongoing compliance with internal and external requirements and policies, and monitors and reports on performance versus agreed upon benchmarks. Evaluate the optimal structure for borrowings and opportunities for minimizing the cost of capital. Oversee the management of relationships with credit rating agencies, providing pertinent data and all other information for periodic ratings and disclosures. Oversee the regular periodic Treasury reports to monitor endowment investment performance against expected targets, compliance with policy and update debt attributes.

- Lead the unit in identifying, developing, and implementing strategic goals and objectives. Ensure each department identifies and implements process improvements on a continuous basis to maximize operational efficiency and effectiveness throughout the organization and strives to enhance processes while maintaining a focus on improving customer service. Build, recruit and manage staff members into a high performance team. Manage and oversee the workflow of unit staff; establish organizational plans to meet operational mission and objectives. Oversee the personnel and budget related matters.


Job Reports to:
Vice President/AVP/Dean

Leadership Accountability:
Develops policy and strategic plans

Supervisory Accountability:
Supervises through management personnel

Organizational Accountability:
Manages department

Financial Accountability:
Manages operating budget

Customer Accountability:
Interfaces with official and executives

Freedom to Act:
Sets broad policies and objectives

Unique Duties

-Master's degree in accounting, finance, business administration or related fields, or CPA.

- A minimum of ten years progressively responsible experience in one or more of the following areas: treasury operations, financial operations, or strategic budget and resource management

- Experience working in large, complex or decentralized environments

- Success in attracting, developing, and mentoring a team of high-performing professionals

General knowledge and understanding of financial operations and investment and debt. Proven ability to provide consultative leadership in a dynamic environment. Skill in advocating, managing, and leading change related to business operations to ensure that operations are efficient, effective, contemporary, financially sound, and compliant. Ability to anticipate and provide information and appropriate analysis needed to support executive decision-making. A style that fosters and supports change and innovation. Ability to appreciate and embrace diversity of thought. Ability to promote sharing of knowledge and information. Encourages mentoring, coaching, skill enhancement in an effort to build an internal continuous improvement culture. An approach that inspires trust and confidence through actions that demonstrate integrity, transparency, and a strong work ethic. Sophisticated interpersonal, organizational, analytical, problem solving, presentation, and communication skills. Strategic thinking, problem solving, business process re-engineering and complex planning skills.

Preferred Qualifications
- Higher education experience

Testing Requirements
Not Applicable

Test Scheduling

Job Type

Job Category
Executive Management

Duration of Posting

Fiscal Year of Job Open Date

Job Open Date
(When job is posted in the system)

Job Close Date
(or until suitable candidate is found)
Until Suitable Candidate is Found

Is this position reposted?

Reposting Reason:
None (New Posting)

Application Information

Background Check Requirements
University policy requires certain persons who are offered employment to undergo a background check, including a criminal history check, before starting to work. If you are offered employment, the University will inform you if a background check is required.

Instructions for submitting your application:

Represented Position Message

Funding/Salary Information

Salary (Minimum)
(Non-Academic Only)

Salary (Hire Max)
(Non-Academic Only)

Salary (Maximum)
(Non-Academic Only)

Hourly Rate
(Non-Academic Only)

Salary Range
(Academic Only)

Is Position Bump Ineligible?
(Non-Academic, Represented positions only. Select 'No' for Academic. Select N/A if Non-represented.)
**NOTE: If 'Yes' is selected, then this is a Bump Ineligible Position (BIP). The person who bids or hires into this 100% grant funded position has no bumping rights upon grant expiration or in a reduction of force.

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