Director, Finance - Central Finance Office (Coral Gables)

University of Miami•Coral Gables, FL

28d

About The Position

The Director, Finance - Central Finance Office oversees the analysis and reporting of monthly financial statements for the Coral Gables & RSMAS campus, including preparing estimates and accruals, performing integrity checks, analyzing operating results fluctuations, explaining variances, and developing executive presentations to support decision making. Additionally, the incumbent manages the University's capital planning and reporting process for the Academy, including the development, reporting and monitoring of the 5-Year Capital Plan, financial oversight of capital spending, and funding sources. The Director, Finance - Central Finance oversees the development, implementation, and control of effective, integrated policies, practices, and systems for capital planning, budgeting, and forecasting, in accordance with generally accepted accounting principles. The incumbent also supervises the work of a team of financial analysts to ensure that all functions operate smoothly and accurately.

Requirements

Bachelor’s degree in relevant field required
Minimum 5 years of relevant experience required
Strategic Alignment: Skilled in aligning departmental goals with enterprise-wide strategy and develops comprehensive strategic plans.
Financial Management: Ensures fiscal responsibility, and optimization of financial performance.
Resource Management: Ability to allocate resources and drive innovation and growth.
Adaptability: Proven ability to adjust to changes and leads/inspires transformational change.
Team Leadership: Ability to build and lead high-performing teams, manage complex projects, and ensure successful project delivery.
Technology & Analytics: Understanding of technology, data analytics, and performance measurement to drive strategic decisions and identify opportunities.
Communication: Ability to influence others, articulate strategic vision, and ensure clear and persuasive communication.

Responsibilities

Analyzes fluctuations in monthly operating results for the Coral Gables & RSMAS campuses, identify variances to multiple scenarios and provide meaningful narrative and graphical analysis, including executive presentations.
Prepares monthly estimates and accruals in accordance with GAAP and performs integrity checks on the Academy’s financial statements. Improves and simplifies the financial consolidation process while ensuring a high degree of accuracy and leveraging systems capabilities.
Partners with the Controller's Office and university-wide finance teams to drive consistency and best practices.
Assists the Asst. VP, Financial Planning & Analysis with preparing, examining, and analyzing accounting records, financial statements and other financial reports to assess accuracy, completeness and conformance to reporting and procedural standards, as needed.
Manages the University's annual capital budget process, including developing budget policies and parameters, updating the University's capital allocation model, preparing, and disseminating capital budget guidelines and managing adherence to these guidelines throughout the budget process.
Leads the development of the University's 5-Year Capital Plan, including executive presentations and related financial metrics. Reviews all capital budgets as submitted and provides analyses and recommendations.
Develops analysis and forecasts to support financial decision making for cash outlay strategies for capital projects and acquisitions. Works closely with Facilities & Real Estate and prepares and updates regularly long-range financial projections for major capital projects and acquisitions.
Develops a standard monthly reporting package, performance management dashboards and models, incorporating key capital spending and funding metrics. Develops cash flow projections and works closely with central offices and business units to monitor and reconcile funding sources.
Audits capital projects financials for compliance to ensure all financial aspects of a project are in accordance with established policies and procedures, including proper approvals, funding sources and capitalization of expenses.
Oversees and manages the functional design, continuous improvement and implementation of capital modules and processes within the University's financial planning, modeling, and reporting tools. Continuously evaluates processes to drive efficiency. Creates dashboards and graphs with key metrics to monitor cash outlay and spend efficiency for capital acquisitions.
Supports the year-end closing process, including but not limited to accruals for summer teaching, expense reimbursements, retirement agreements, and legal settlements. Manages and supervises the fiscal control functions assigned to the office, including approval of journal entries for assigned GL control accounts and management book code transactions.
Oversees the budgetary approval of capital acquisitions including the submission, review, and approval process for out-of-cycle capital authorization requests.
Develops and implements financial policies and procedures for responsible areas. Assist in the establishment of system-wide policies and procedures which ensure that resources are used in the most effective and efficient manner by all campuses of the University.
Represents the Asst. VP, Financial Planning & Analysis in dealings with Schools and administrators in matters relating to the University’s capital budget, as well as various other administrative issues. Develop a competent, productive, and efficient departmental staff by supervising, directly and through delegation, a team of Financial Analysts and other support personnel.
Establishes and continuously assesses the effectiveness of the internal controls within the unit and compliance with University policies and procedures. Ensures employees are trained on controls within the function and on University policy and procedures.