Chief Financial Officer

Summary of Position:
The Chief Financial Officer in the College of Pharmacy is accountable for the College's fiscal management and serves as a key member of the College's leadership team. The Chief Financial Officer is responsible for financial leadership and oversight including budgeting, grants management, contracts, forecasts and planning support, audit and internal controls, and personnel development. The position is the Dean's liaison between the College and the University's Chief Financial Officer and others in the Office of Budget and Finance and will form a strong partnership with the Dean and the Leadership Team.

Principal Duties and Responsibilities:
Oversee College Finance Management and Support Services

• Act as the College's Resource Responsibility Center (RRC) leader accountable for all financial activities of the RRC and its component units, including the oversight and approval of financial transactions and the communication and reporting to central University units.
• Oversee and develop finance management staff and related processes, policies, preparation, and approval of financial activity.
• Manage grants and sponsored programs.
• Supervise endowment activities including appropriate use and monitoring.
• Provide compliance oversight (college, university, state, federal, etc.) and the development of new policies and internal controls.
• Oversee general resource alignment.
• Conduct contract reviews with the Dean or designee, and/or General Counsel.
• Establish relationships and fulfill responsibilities with the University's Chief Financial Officer and others in the Office of Budget and Finance; serve on University-wide committees or work groups.
• Develop collaborative relationships with the University's other health education colleges and units.

Provide Strategic Leadership and Analytical Support to the Dean / College Leadership Team

• Facilitate the College's budget and resource allocation process and decision support models delivered on the Twin Cities and Duluth campuses.
• Conduct ongoing assessment of financial information, interpretation, and recommendations (including those related to risks, market and environment fluctuations, and pricing strategies).
• Utilize tuition, research, practice plan and ISO/ESO revenue forecasts to make recommendations about program growth, staffing levels or financial liability.
• Provide financial assessments of (projected or developing) strategic initiatives, policy adjustments, program changes, and long-range plans.
• Develop solution-oriented business plans and financial forecasts for external sales, grants, and internal sales opportunities.
• Conduct academic program financial modeling that informs resource allocation.
• Align resource allocation with the College's strategic plan.
• Perform routine monitoring of the workplace for quality improvement, efficiency, and growth opportunities.
• Participate in the Administrative and Financial Officers Special Interest Group of the American Association of Colleges of Pharmacy.
• Liaison with financial administrators at schools of pharmacy across the Big 10 Academic Alliance.

Ensure Strong Unit-Level and Individual Financial Practices

• Deliver proactive education, development, consultation, and service to college faculty, staff, and department heads concerning best practices and business acumen.
• Maintain financial transparency and accountability across collegiate department and administrative units and individuals.
• Create business and financial skills development and growth opportunities among unit leaders.
• Develop unit-level relationships.
• Ensure communication of and compliance with college and university finance policies and procedures.

Salary: $125,000-$140,000, based on qualifications and experience

Supervision:
Work directly with the College of Pharmacy Finance team to supervise and direct all FTE.

Working Conditions:
The work in this position is performed in a general office setting within the College of Pharmacy, however, there will be some work-from home flexibility.

Required Qualifications:

• BA/BS degree
• Minimum of 10 years' experience in accounting, finance, budgeting, or planning
• Strategic leadership experience in progressively more responsible roles
• Successful supervisory experience
• Excellent written and verbal communication skills
• Experience working with diverse populations and in a large or complex organization
• Proven record developing relationships across complex communities
• Knowledge of and commitment to the principles of diversity, equity and inclusion

Preferred Qualifications:

• Master's degree in accounting, finance, business administration, or other related field
• Proven record of using forward thinking and solution-oriented strategies for driving financial initiatives
• Advanced understanding of higher education financial systems
• Expert knowledge of software with financial reporting capabilities
  

Applications must be submitted online. To be considered for this position, please click the Apply button and follow the instructions. You will be given the opportunity to complete an online application for the position. A cover letter and resume are required along with your application. Applications must be received by April 15th.

Additional documents may be attached after application by accessing your "My Job Applications" page and uploading documents in the "My Cover Letters and Attachments" section.

To request an accommodation during the application process, please e-mail employ@umn.edu or call (612) 624-UOHR (8647).

The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds.

The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U: http://diversity.umn.edu.

Any offer of employment is contingent upon the successful completion of a background check. Our presumption is that prospective employees are eligible to work here. Criminal convictions do not automatically disqualify finalists from employment.

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Protocol by either providing proof of being fully vaccinated on their first
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The University of Minnesota, Twin Cities (UMTC)

The University of Minnesota, Twin Cities (UMTC), is among the largest public research universities in the country, offering undergraduate, graduate, and professional students a multitude of opportunities for study and research. Located at the heart of one of the nation's most vibrant, diverse metropolitan communities, students on the campuses in Minneapolis and St. Paul benefit from extensive partnerships with world-renowned health centers, international corporations, government agencies, and arts, nonprofit, and public service organizations.