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.
Who We Are
Governed by a publicly elected Board of Regents, the University of Michigan is a world-class public research university that comprises three campuses (Ann Arbor, Dearborn, and Flint) and a premier, highly ranked academic medical center and award-winning health care system. The University has an annual operating budget of over $14 billion per year, cash and investments of over $25 billion, and outstanding bond indebtedness of approximately $5 billion. The University of Michigan is one of only a small handful of public universities that carry both the Aaa (Moody's) and AAA (S&P) long-term bond ratings.
The University of Michigan is a global leader in business, engineering, health, law and public policy, medicine, public health, the arts and humanities, science and technology, and many other academic disciplines. The essence of the University is the academic diversity of our schools and colleges, many of which are among the best in the country, and the degree of interdisciplinary cooperation among them. Our schools of Business, Education, Engineering, Information, Law, Medicine, Music, Nursing, Public Health, and Social Work are ranked among the best in the country.
About Finance
The Finance Division is led by the VP for Finance and reports directly to the Executive Vice President and Chief Financial Officer. Finance partners with the University community to provide the financial infrastructure essential to being one of the world's greatest public universities. The Finance organization is comprised of several units, including EFP&A, Controllership and Financial Operations, Procurement Services, Sponsored Programs, Treasury, and Tax Policy and Compliance. While we maintain several distinct departments, we share a common set of values and goals. For more information about the Finance Division, please go to www.finance.umich.edu.
Job Summary
The Role
The University of Michigan has an exciting opportunity for a well-qualified candidate to become the next Director of Enterprise Financial Planning and Analysis (EFP&A). EFP&A is responsible for leading the annual budget planning process for the Business & Finance organizational units and for consolidating the University's "all funds" budget and performing associated variance analyses. The Office will also play a leadership role in enterprise-wide budget modeling, development, and standardization of budgeting best practices, and ongoing management of the university's budget tool. In addition, EFP&A supports and assists university units with a variety of services, such as developing financial or budget reports and other financial services as requested.
What You'll Do
The new Director of Enterprise Financial Planning & Analysis will:
- Advance positive organizational principles that promote a respectful, collaborative, and solutions-based culture
- Manage results for positive performance
- Connect the work of the department to the mission of the institution
- Engage with staff at all levels within the university
- Collaborate with campus units, including the Office of Budget and Planning within the Office of the EVP and Provost, and Michigan Medicine, to prepare an annual consolidated university operating budget and associated budget-to-actual reporting
- Provide ongoing variance analysis of budget-to-actual performance
- Lead the annual Business & Finance budget process by collaborating with the financial leads in each business function and developing a comprehensive budget package for an organization with a recurring, annual budget in excess of $790 million
- Develop financial dashboards, key performance indicators, management reporting, and analytics for the Executive Vice President and Chief Financial Officer and the Vice President for Finance, specifically as it relates to current year budget activity.
- Serve as a resource center for other central units and the campus community
- Lead Business Operations Recharge activities and the recharge rate approval process
- Conduct market research on financial and business strategies in Higher Education
- Manage and direct the work of a team of financial analysts
- Direct special projects, as needed
Required Qualifications*
Qualifications include a bachelor's degree in business administration, Economics, Finance, Accounting, or a similar discipline; at least 10 years of progressively responsible experience in budget management and financial planning, preferably in a large, decentralized organization. Excellent verbal and written communication skills; excellent interpersonal skills and the ability to foster and maintain positive and productive working relationships throughout the organization and across the university. Strong presentation skills and ability to tailor messages to different audiences, including executive leadership. Strong financial and data analysis skills. Knowledge of analytics, budget, and reporting tools preferred. Ability to balance quantitative and qualitative information. Systems-oriented thinking. Proven success leading a team with the principles of positive leadership. Demonstrated success in coaching and developing staff and building an inclusive team.
Why Work at Michigan?
Michigan is one of the best universities to work for in the country. The Michigan culture engages faculty and staff in all facets of the University to create a workplace that is vibrant, stimulating, and fulfilling.
Modes of Work
The work requirements allow both onsite and offsite work and an employee has an expected recurring onsite presence. On occasion, the employee may be required and must be available to work onsite more frequently if necessitated by unit leadership or their designee and/or the job requirements.
U-M EEO Statement
The University of Michigan is an equal employment opportunity employer.