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 Finance, 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
This position will entail the following activities and functions, and knowledge and/or interest in these primary areas are desired:
- Departmental support: Serving as a liaison and support figure for academic departments, which include 20 clinical science departments and 10 basic science departments, in all matters regarding finance
- Medical School Administration support: Serving as a liaison and support figure for all the departments and functions that comprise the Medical School Administration office, in all matters regarding finance
- Center and institute support: Serving as a liaison and support figure for all of the centers and institutes contained within the Medical School in all matters regarding finance
- Financial budgeting: Leading the central finance budget process for all academic departments, centers, institutes, and support functions within the Medical School and ensuring all areas complete a comprehensive and timely budget
- Financial reporting: Ensuring that all monthly reports created by the Medical School are completed on time and accurately, and offer guidance to members of the team creating these reports
- Provost Office engagement: Working with the University’s Provost Office on budgetary requests and submissions, as well as other data and information requests
- 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 implement highly complex financial and accounting concepts, and advanced techniques for financial planning and control
- Act as a consultant between customers (departments, centers, institutes, and support functions), and central finance, and ensure leadership, faculty, and staff within all departments are having their needs met and feel supported by the Medical School Finance team and all of finance
- Identify opportunities to educate customers to allow them to make informed choices and decisions on their own financial matters that will set them up for both short-term and long-term success
- Partner with other leaders across the Medical School on support of customers and discover ways to work together in better serving customers and improving the overall financial acumen and financial health across the Medical School
- Provide additional support and assistance to smaller departments, centers, and institutes that have few or no finance staff, in order to ensure financials are being managed properly and that these customers are successful in creating and fostering financial health
- Engage with other departments on budget items, such as the Controller’s Office, in order to ensure budget efforts are co-aligned and that budget information is being submitted accurately and timely
- Manage a team of direct reports, which includes responsibility for employee development, mentoring, performance management, and 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
Financial Senior Manager required qualifications
Five or more years of experience managing financial and budgetary operations
Five or more years of experience directly managing a team of three or more employees
Financial Intermediate Manager required qualifications
Three to five years of experience managing financial and budgetary operations
Three to five years of experience directly managing a team of three or more employees
- Master’s degree in Finance, Business, or similar
- Experience managing financial operations in government and/or healthcare settings
- Experience in Business Objects, PeopleSoft, Oracle, and/or Hyperion
This position may be underfilled at the Financial Intermediate Manager classification depending on the qualifications of the selected candidate.
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.
U-M EEO/AA Statement
The University of Michigan is an equal opportunity/affirmative action employer.