The University of Michigan has an exciting opportunity for a well-qualified candidate to become the next Director of Financial Analysis. The Director is one of nine senior administrators that report to the Associate Vice President for Finance. The Office of Financial Analysis is responsible for leading the annual budget planning process for the Business & Finance organization and for consolidating the University’s “all funds” budget and performing associated variance analysis. The Office will play a leadership role in the creation of enterprise financial planning models and the development of a financial data analytics strategy. In addition, the Office of Financial Analysis supports and assists university units with a variety of services such as developing financial or budget reports, streamlining financial processes, and other financial services as requested.
The new Director of Financial Analysis will:
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 “all funds” university 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 $600 million.
Develop and manage multi-year enterprise financial forecasting models.
Play a leadership role in the development of a financial data analytics strategy.
Develop financial dashboards, key performance indicators, management reporting and analytics for the Executive Vice President and Chief Financial Officer and the Associate Vice President for Finance.
Develop similar tools that can be used by other central units and the campus community.
Lead Business Operations Recharge activities and recharge rate approval process.
Conduct market research on financial and business strategies in Higher Education.
Lead special projects, as needed.
Advance positive organizational principles that promote a respectful, collaborative, and solutions-based culture.
Qualifications include a Bachelors's degree in Business Administration, Economics, Finance or Accounting or equivalent experience, and experience in higher education; at least 10 years of progressively responsible experience in budget management and financial planning. Strong financial and data analysis skills. Knowledge of analytics, budget, and reporting tools preferred. Ability to balance quantitative and qualitative information. Systems-oriented thinking. Strong presentation skills and ability to tailor a message to different audiences, including executive leadership. Demonstrated leadership experience; 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.
Interested, well-qualified candidates should apply for the position on the University of Michigan Careers Website. Job opening ID 185500
Internal Number: 185500
About University of Michigan
The University of Michigan is a world class leader in higher education. The Finance Division reports to the Executive Vice President and Chief Financial Officer of the University and partners with the University community to provide the financial infrastructure essential to being one of the world’s greatest public universities. We are comprised of several units including Financial Analysis, Financial Operations, Procurement Services, Sponsored Programs and Treasury. Though we are made up of several distinct divisions, we share a common set of values and goals. For more information about the Finance division, please go to www.finance.umich.edu.