Vice President, Budget and Financial Planning

Position Summary

Reporting to the Senior Vice President and Chief Financial Officer, CUIMC the Vice President, Budget and Financial Planning is responsible for overseeing all aspects of campus budgeting and financial planning. The Vice President directs all aspects of campus budget preparation, reporting, and analysis including preparation, review, and consolidation of operating and capital budgets of CUIMC schools, departments, and central offices; analysis of budget and actual results; preparation of historic trend analysis; and forecasting of future trends. In this capacity, the Vice President serves as a senior member of the CUIMC management team and regularly provides to campus leadership both financial analysis and management recommendations regarding allocation of financial resources. The Vice President serves as CUIMC’s primary liaison to the university’s Office of Budget and Finance.

The Vice President directly supervises staff in two teams: (1) Academic Unit Budget and Financial Analysis and (2) Financial Planning. The Academic Unit Budget and Financial Analysis group monitors, forecasts, and analyzes the financial activities of the academic departments of the Vagelos College of Physicians and Surgeons (VP&S) as well as the financial activities of the schools of public health, nursing, and dentistry. The Financial Planning team oversees budgeting and analysis of the central administrative units of CUIMC and VP&S and is responsible for long-range and macro-level financial planning, capital planning, CUIMC and VP&S funds flow modeling, financial planning for new non-clinical initiatives, VP&S restricted funds planning and management, and VP&S recruitment packaging and tracking.

In addition, the VP, Budget and Financial Planning is responsible for ensuring tight integration and productive collaboration between the CUIMC Budget and Planning team and various key internal partners. These include the academic leadership of campus schools and departments; the CUIMC Controller’s Office responsible for accounting, financial reporting, payroll, and compliance functions; the CUIMC Clinical Finance unit responsible for monitoring, forecasting, and optimizing the financial activities of patient care activities; the CUIMC Financial Data Analysis and Reporting team which oversees the design and production of internal management reports related to financial activities; and various central administrative offices providing services to the campus or within VP&S.

Directly supervises nine employees including the Executive Director of Academic Unit Budget & Financial Analysis and the Executive Director for Financial Planning. Supervisory authority includes the right to hire, fire, and promote subordinates.

Ability to perform other related duties as assigned or requested is required

___________________________________________________________________________________________

Minimum Qualifications

• Master’s degree in finance, Accounting, or another finance related field, as well as ten years of progressively comprehensive financial planning responsibility in a large, complex organization, required. MBA or comparable advanced degree preferred.

Preferred Qualifications

• Outstanding financial analysis and modeling skills are required, including variance analysis, financial statement analysis, and the ability to design and prepare detailed financial reports and analyses. Excellent oral and written communication skills are a must. The successful candidate will be a self-starter with a well-developed aptitude for quantitative analysis capable of working with minimal oversight to solve a problem or meet a need. Strong budgeting, P&L, accounting, and reporting experience required. The candidate must possess strong presentation skills with the ability to analyze and explain complex financial information. Expert-level computer proficiency (Microsoft Excel and Word), including an in-depth knowledge of spreadsheet packages and familiarity with database design is required. Attention to detail, plus the ability to work closely with a diverse group of administrators is essential.

___________________________________________________________________________________________