Apply Now Clicking "Apply Now" opens the link in a new window.

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 include salary requirements, address your specific interest in the position, and outline skills and experience that directly relate to this position.

Job Summary

The Academic Innovation Budget & Finance Lead reports to the Director of Policy & Operations (DPO) and will work closely with all members of the organization to build and manage financial budget models for the Office of Academic Innovation (AI) at the office, program and project levels. The Budget & Finance Lead will also develop and automate financial reporting tools related to the AI project portfolio, and will work closely with the DPO, Associate Vice Provost (AVP) for AI, and domain leads to develop an annual budget.  The Budget & Finance Lead will review monthly statement activity, compare it to budget, and discuss variances with key stakeholders within AI.  Lastly, they will ensure that key internal financial controls are being followed as well as partner with the DPO to develop and refine unit-specific financial management policies. 

You

You are intellectually curious, creative, and an organized problem solver with a knack for financial budgeting, forecasting, reporting and analyzing. You learn by listening, by collaborating, by documenting, and by analyzing. You think impractically before layering in constraints. You have experience applying and developing new financial controls and then positively introducing them to your teams. You enjoy working in a diverse and collaborative environment. You are passionate about building partnerships and collaborations with a wide variety of constituencies.

Us

The Office of Academic Innovation is a strategic priority for the University of Michigan. Through curricular innovation, leadership in learning analytics and personalization at scale, AI aims to shape the future of learning and redefine public residential education at a 21st century research university by unlocking new opportunities for the U-M community and learners around the world.

Our preferred future includes:

  • An open model for pre-college learning and preparation that broadens access and enhances participation.
  • A personalized, rigorous, and inclusive model for residential learning grounded in learning analytics and experimentation.
  • A flexible and networked model for global and lifelong learning that embraces the evolution of a more permeable university.
  • A participatory and inclusive model for public engagement that accelerates bilateral knowledge construction and sharing.

As we reimagine the global public research university and create a culture of innovation in learning, we value:

  • boldness and humility
  • creativity and process
  • risk taking and tradition
  • personalization and scale
  • openness

For more information, please visit our website: Academic Innovation.

Responsibilities*

  • Advise and consult with AI team members regarding annual budget.
  • Prepare operating budgets for AI domains based on actual performance, previous budget figures, estimated revenue, expense reports and other factors.
  • Coordinate the analysis of actual expenditures and revenue, and compile regular and ad hoc statistical reports.
  • Develop and maintain financial and operations performance and metric reporting, establishing controls to maintain budget oversight.
  • Develop monthly financial documents reviewing actual vs. budget activities for each domain within AI as well as other major initiatives being stewarded by the Office of the Vice Provost for Academic Innovation.
  • Maintain records of expenses, inventories, encumbrances and budget balances. Audit vouchers and expense reports/accounts. Maintain records of actual operating figures for comparison with estimated budgets. Assist in the installation of budgetary control systems.
  • Develop and conduct presentations in support of budgetary analysis and provide recommendations.
  • Maintain financial data and documentation for the organization.
  • Provide guidance to AI Operations Team and other staff as needed. Provide training and development to new finance staff (JEs, transaction descriptions, M Reports, Business Objects, Excel, Sponsored Research backup) if/when possible.
  • Review business financial controls to maintain budget oversight.
  • Review transactions for compliance with relevant policies and regulations and provide departmental authorization for these transactions.

 

Required Qualifications*

  • Bachelor’s Degree in administration, finance or relevant field of study and three years of experience, or equivalent combination of education and experience.
  • At least five years of financial/budgeting experience, preferably in higher education.
  • Expert in working with reporting software (Business Objects, Tableau, etc.)
  • Excellent customer service to internal and external team members and partners.
  • Expert in financial analysis and reporting.
  • Solid financial and administrative acumen, able to apply accounting principles and applications; monitor the financial status of a unit, and prepare grants and budgets; ensure compliance with policies, rules, and regulations; assess, investigate, and resolve complex issues.
  • Ability to work at all levels of a large organization, building and maintaining close working relationships.
  • Be self-directed and detail oriented with strong organizational, analytical, and problem-solving skills, as well as have exceptional verbal and written communication skills.
  • Strong ability to present complex financial data in understandable terms for domain managers.
  • Know and apply fundamental financial concepts, practices and procedures to business needs.
  • Knowledge of generally accepted accounting principles and standard business practices.
  • Ability to generate accurate financial reports within established timelines.
  • Demonstrated proficiency in the use of Excel and Word, and the Google Suite (Docs, Sheets, Slides).
  • Demonstrated ability to work well within a team.
  • Ability to multi-task and manage priorities effectively.

Desired Qualifications*

  • Master’s Degree in administration, finance or relevant field of study or five years of experience, or equivalent combination of education and experience.
  • Supervisory experience.
  • Expert in University of Michigan administrative data systems, information and computing resources (including Concur).
  • Expertise in utilizing Business Object to create queries and usable reports from U-M's financial data warehouse.
  • Strong understanding of database reporting, database structure and data management.
  • Expert in working with databases (SQL, Oracle, etc.).
  • Familiar with the provost’s budget submission process.
  • Knowledge of U-M organizational structure.
  • Knowledge of U-M budget process cycle and requirements.

Additional Information

Excellent benefits are available, for details, see benefits.umich.edu/

NOTE: This is a five-year, term-limited position.

Background Screening

The University of Michigan conducts background checks on all job candidates upon acceptance of a contingent offer and may use a third party administrator to conduct background checks.  Background checks are performed in compliance with the Fair Credit Reporting Act.

Application Deadline

Job openings are posted for a minimum of seven calendar days.  The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled anytime after the minimum posting period has ended.

Decision Making Process

Applications will be reviewed as received throughout the posting period and continue until the position is filled.

U-M EEO/AA Statement

The University of Michigan is an equal opportunity/affirmative action employer.