How to Apply
A cover letter is required for consideration for this position and should be attached as the first page of your resume. The cover letter should address your specific interest in the position and outline skills and experience that directly relate to this position.
The University of Michigan Medical School is seeking an experienced financial manager to join the Medical School Finance team. This position will help manage the Medical School’s large and diverse book of business ($1.6B annually), and serve as a leader to business and financial analysts on the broader Medical School Finance team. The primary responsibility will be the development and ongoing management of executive analysis and strategy in support of the Medical School’s and Michigan Medicine’s strategic goals.
Reporting to the Medical School’s Associate Chief Financial Officer (ACFO), candidates for this position are expected to exhibit strong leadership skills and function as a team player. The Medical School Finance team is a cohesive group of individuals who value one another and reach new heights by leveraging one another’s strengths, and candidates must embrace and thrive off this culture. Candidates should also have a strong understanding of financial concepts and a thorough financial acumen. Experience in and understanding of Academic Medical Centers is desired.
As the Senior Financial Manager for Medical School Administration, a typical day will include:
- Engaging with members of the team and ensuring tasks are being completed, projects are on pace to meet deadlines, and team member’s needs are being met
- Working closely with the ACFO to ensure projects are being completed and that the team’s efforts are in alignment with the goals of the broader team and institution as a whole
- Reviewing the financial analysis, modeling, and planning completed by members of the team, and offering feedback on results, modifications, and areas of improvement
- Presenting at various meetings and forums across the institution on the financial performance of the Medical School and other finance-related topics as it relates to work being completed on the team
- Collaborating with other functional teams across the Medical School, Michigan Medicine, and the University to complete cross-team work products and discover additional opportunities for synergies
Is This Job Right for You?
This job might be right for you if you…
- Thrive in working in a fast-paced environment
- Maintain a high level of focus and energy
- Are adaptable to changing conditions
- Understand the value in creating and fostering a strong team
- Support every member of the team fully and put the team’s needs first
- View yourself as skilled in identifying, analyzing, and interpreting trends or patterns in complex financial data sets
- Are stimulated by working in ambiguity and creating business solutions that are novel to the organization
- Enjoy presenting information to groups ranging in size and level of financial acumen
- Feel comfortable offering support and expressing ideas to leadership individuals
Primary Job Functions: This position will entail the following activities and functions, and knowledge and/or interest in these primary areas are desired:
- Strategic financials: Creating long-range financial models that include numerous intertwined and connected variables
- Capital planning: Analyzing capital costs and making recommendations on future spend related to capital over $1M
- Facilities finance: Understanding the financials and operations of the Medical School’s facilities operations and offering guidance and support on these operations
- Cash flow: Continually monitor the cash position of the Dean’s Office and make recommendations about future spending and impact
- Academic commitments: Continually monitor outstanding commitments, as well as new commitments being made, and relate this activity to the cash position of the Dean’s Office now and in the future
- Financial business cases: Offering ad-hoc management and guidance on the financial component of business cases created across the Medical School
- Executive leadership support: Serving as a trusted business leader and offering support and guidance to executive leadership across Michigan Medicine
Additional Job Functions: This position will entail the following activities and functions, and knowledge and/or interest in these additional areas are desired:
- Develop, interpret, and implementation of highly complex financial and accounting concepts, and advanced techniques for financial planning and control
- Execute and oversee specialized technical analysis to determine present and future financial performance
- Partner with operational leaders on the responsibility for the development and ongoing management of all budgets related to facilities, including annual operating budgets, annual capital allocation plans, and long term strategic capital plans and forecasts for all Medical School Facilities located at the Medical Center, NCRC and off-site lease locations, in alignment with, and anticipating the needs of, the overall Academic Medical Center
- Support strategic facilities capital planning and management, including the development of long-range and short-term investments in programmatic initiatives, and building and site infrastructure
- Identify opportunities to educate customers to allow them to make informed choices about investments and associated risk
- Communicate financial business drivers that influence near and long term space planning and utilization efforts, capital investment strategies, and annual operational planning.
- Manage team of direct reports: responsible for employee development, mentoring, performance management, and employee engagement
- Cultivate an environment of high performance, integrity, and financial stewardship across the team and address employee relations issues as needed
- Bachelor’s degree in Finance, Business, or similar
- Five or more years of experience managing financial operations
- Five or more years of experience directly managing a team of three or more employees
- Master’s degree in Finance, Business, or similar
- Seven or more years of experience managing complex financial operations
- Seven or more years of experience directly managing a team of three or more employees
- Experience managing financial operations in government and/or healthcare settings
- Experience in Business Objects, PeopleSoft, Oracle, and/or Hyperion
The mission of Michigan Medicine is to improve the health of patients, populations, and communities through excellence in education, patient care, community service, research, and technology development, and through leadership activities in Michigan, nationally, and internationally. With annual revenues of approximately $3 billion, Michigan Medicine ranks as one of the top academic health centers in the country, and is committed to providing exceptional patient care, facilitating groundbreaking research and developing the next generation of physicians and scientists. Michigan Medicine consists of the Hospitals, Health Centers and Clinics, the University of Michigan Medical School and its Medical Group, and the Michigan Health Corporation.
Michigan Medicine conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third party administrator to conduct background screenings. Background screenings are performed in compliance with the Fair Credit Report Act.
Michigan Medicine improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally. Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society.
Job openings are posted for a minimum of seven calendar days. This job may be removed from posting boards and filled anytime after the minimum posting period has ended.
U-M EEO/AA Statement
The University of Michigan is an equal opportunity/affirmative action employer.