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.
Job Summary
Michigan Medicine is seeking a financial manager to join the Medical School Finance team. This position will help manage the Medical School's large and diverse book of business ($2.3B annually), and serve as a leader to 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 Financial Manager, 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
- Working closely with the ACFO to define short and long term plans for department structure, team development, and succession planning
- 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
- Developing and promoting innovative approaches to decision making throughout all levels of the organization, with an ability to leverage financial data as needed and to ensure that high value solutions are identified, planned and executed
- Building collaborative relationships within Michigan Medicine Central Finance and promoting a culture of teamwork, service, and excellence
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
Mission Statement
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.
Responsibilities*
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 key liaison for academic departments, which include 20 clinical science departments and 9 basic science departments, in all matters regarding finance
- Medical School Administration oversight: Leading and providing oversight for all 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 centers and institutes contained within the Medical School in all matters regarding finance
- Financial budgeting: Leading the delivery of 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, timely and accurate budget
- Managerial financial reporting: Ensuring that all managerial financial reporting created by the Medical School are completed on time and accurately, and direct members of the team in creating, maintaining, and updating these reports
- Provost office engagement: Working with the University?s Provost Office and campus Budget & Finance colleagues on budgetary requests and submissions, as well as other data and information requests
- 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
- Execute and oversee specialized technical analysis to determine present and future financial performance
- 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
Required Qualifications*
Senior:
- Bachelor's degree in Finance, Business, or similar
- Five or more years of progressive experience.
- Two or more years of experience managing financial and budgetary operations
- Two or more years of experience directly managing a team of three or more employees
Intermediate:
- Bachelor's degree in Finance, Business, or similar
- Two or more years of experience leading financial and budgetary operations
- Experience in Business Objects, PeopleSoft, Oracle, and/or Hyperion
Desired Qualifications*
- Master's degree in Finance, Business, or similar
- Three or more years of experience managing complex financial operations
- Two or more years of experience directly managing a team of three or more employees
- Experience managing financial operations in government and/or healthcare settings
Modes of Work
Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the work modes.
Underfill Statement
This position may be underfilled at a lower classification depending on the qualifications of the selected candidate.
Background Screening
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. Pre-employment drug testing applies to all selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses.
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.
U-M EEO/AA Statement
The University of Michigan is an equal opportunity/affirmative action employer.