Associate Director Finance
Associate Director Finance
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$ 99800 - 175000
1 Vacancy
Job Description
The Department of Surgery is seeking an Associate Director Finance that reports to a senior finance leader in a school or large department with multiple functional areas and/or service lines. The position oversees and performs key financial functions of the designated area. This role performs complex financial analysis and planning. This role provides back-up for the finance leader of their unit and may directly supervise finance staff.
Duties & Responsibilities
- Partner with the finance leader of the unit and other key leaders in their designated area in the development of annual operating and capital budgets
- Perform trending analysis and work with finance staff and administrative leadership to develop projections and forecasts
- Identify potential financial risks and partner with the finance leader of the unit to ensure strategic approaches are taken to address issues.
- Prepare monthly quarterly semi-annual and annual financial reports reconciliations and analyses
- Train and coach departmental finance staff and administrative leaders in effective financial management
- Work with administrative leaders and finance staff to resolve budget issues and other financial reporting/compliance/audit issues
- Review and authorize transactions as necessary to ensure expenditures are in compliance with institutional policies and governmental regulations
- Partner with the finance leader of the unit in the development of financial models in support of new initiatives and programs/products
- Design and maintain financial models to evaluate what if scenarios to reflect possible changes in key areas
- Perform research investigation and financial review of new proposals for expansion or enhancement
- Serve as back up for the finance leader of the unit at university-wide and divisional meetings as requested
- Serve on project committees and working groups
- Handle special projects at the direction of the unit leader
- Perform other related duties as requested.
Specific Duties & Responsibilities:
- Partners with Administrator and DOF on strategic financial planning advising on departmental growth and serving as primary contact for CPA SOM and JHM leadership on financial matters.
- Manages all financial lines of business (clinical research gift endowment etc.) with revenues exceeding $110 million monitoring profitability and complexity.
- Develops and maintains management systems (spreadsheets databases) to support financial oversight.
- Reviews monthly account and business plan activity correcting errors and reporting issues to leadership.
- Analyzes and reports on clinical practice finances including faculty P&L statements with quarterly updates.
- Collaborates with Chair and faculty to develop strategies for discretionary fund use supporting teaching research and patient care.
- Prepares departmental operating budget for SOM submission.
- Produces monthly quarterly and annual financial reports for leadership along with special reports as needed.
- Reviews and manages accounts/cost centers establishing or eliminating them as necessary.
- Holds regular meetings with division leadership to review financial performance; coordinates closely with JHU Finance on reporting and projects.
- Leads program planning and development creating detailed business plans for new/existing clinical and research programs including market assessment capital needs and implementation.
- Formulates tactical business plans with administrative leaders and partner institutions.
- Produces department dashboards and complex financial reports for forecasting and analysis.
- Develops and updates staff job descriptions for financial roles coordinating with SOM HR on grading and salaries.
- Makes recommendations to Chair Administrator and DOF.
- Maintains space and equipment inventories in compliance with SOM and government guidelines.
- Provides departmental information to School Hospital and external entities as needed.
- Oversees staff managing payroll expense distribution and e-forms ensuring policy compliance.
- Serves as liaison between business office and unit areas providing instruction and guidance on procedures.
- Uses software applications to assemble manipulate and format data and reports.
- Designs systems to control monitor and reconcile expenses; trains relevant personnel.
Minimum Qualifications
- Bachelors Degree in finance accounting business or related field
- Eight years of progressively responsible financial and administrative management experience.
- Supervisory experience.
- Additional education may substitute for required experience and additional related experience may substitute for required education to the extent permitted by the JHU equivalency formula
Preferred Qualifications
- Masters Degree in finance accounting business or related field.
- Professional experience in higher education or an academic medical center.
Classified Title: Associate Director Finance
Role/Level/Range: ATP/04/PG
Starting Salary Range: $99800 - $175000 Annually (Commensurate w/exp.)
Employee group: Full Time
Schedule: Monday - Friday 8:00 AM - 5:00 PM
FLSA Status:Exempt
Location: School of Medicine Campus
Department name: SOM Sur Finance East Baltimore
Personnel area: School of Medicine
Required Experience:
Director
Employment Type
Full Time
