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The University of Texas Medical Branch · 2 days ago

Director of Finance - Academic Enterprise

Galveston, TX

Full-time

Onsite

Director/Executive

10+ years exp

The University of Texas Medical Branch is seeking a Director of Finance for its Academic Enterprise. This role involves leading financial management activities, ensuring accurate financial reporting, and collaborating with various departments to enhance financial performance and support decision-making.

Responsibilities

Monitors monthly financial performance as compared to plan; prepares and presents analysis that explains variances and proposes corrective action

Reviews financial information and identifies developing trends that inform forecasts and management for decision making purposes

Collaborates with B&F Decision Support to develop assumptions, which will inform financial forecasts and the six-year financial forecast submitted annually with the State Operating Budget

Assist with development and maintenance of metrics and comparisons to benchmarks

Assist in the development of technology and best practices to ensure continuous process improvement

Ensures adherence to timelines for key deliverables to support preparation of the State and Institutional operating budgets

Works with the VP, Academic Finance and AE leadership, and AE Department and School Business Teams to determine mission-level financial targets and the underlying allocation to departments

On behalf of the Provost Office, primary responsibility for the financial accuracy of faculty commitments and backstops, as well as documentation, implementation, reconciliation and communication with other stakeholders in the AE

Supports the Faculty New Hire process coordinating with the AE Leadership and Workforce Operations to ensure faculty commitments and backstops are documented, implemented, reconciled and communicated

Coordinate completion and review of financial plans and operating budget of University Service Centers and University Cores and prepares annual Service Center profitability analysis per IHOP 4.5

Work closely with the VP, Academic Finance, AE Chief of Staff and VP, Chief Administrative Officer to review the appropriateness of faculty commitment forecasts and budgets

Supports the capital budget process in conjunction with the VP, Academic Finance, AE Capital Planning and Space Management, and Institutional Support teams

Assists in the completion of ad-hoc requests from AE, UTMB or UT System leadership

Provides on-going review of budget information presented in financial reports to ensure accurate reporting

Advises leadership on current academic medical center industry financial trends and the potential impact on the AE

Works with the Corporate Controller to manage the integrity of the AE general ledger

Supports AE, B&F and UTMB leadership workgroups and other committees

Supports preparation of AE or UT System surveys throughout the year

Supports the completion of the annual financial audit, annual financial report, biennial legislative request

Partners with Faculty Group Practice Leadership to effectively coordinate completion of departmental goals and objectives

Partners with Grants and Contracts Accounting to validate monthly financials and identify upcoming trends impacting AE Financial Performance

Provides direct leadership to a team of financial professionals through regular communication, active goal setting, and routine coaching to model and promote behavior that aligns with UTMB’s Core Values

Responsible for recruiting, training, development and evaluation of direct reports

Organizes and plans work to ensure appropriate prioritization and timely deliverables

Provides routine status updates and quickly escalate appropriate issues to leadership when necessary

Develops a comprehensive knowledge of the Institution’s accounting and budgeting systems (Oracle, Hyperion/Smartview, EPSI, STRATTA, Crowe-Horwath and related EDW) and keeps up to date with Microsoft Office (Excel, PowerPoint, Word, and Outlook)

Develops productive relationships with UTMB personnel across campus while accomplishing institutional objectives

Performs related duties as assigned