Director, Finance - Pathology

University of Miami•Miami, FL

9d•Onsite

About The Position

The Director, Finance for the Department of Pathology is a full-time, on-site position in Miami, Florida. The role serves as a principal financial advisor and oversees financial planning, budgeting, reporting, controls, and compliance to support the University’s short- and long-term financial success. The Director establishes financial policies and operating systems in accordance with generally accepted accounting principles, tax regulations, applicable laws, and University policies. The position leads departmental financial operations, including preparation and oversight of budgets and forecasts; monthly, quarterly, and year-end reporting; fiscal analysis; account reviews and audits; internal controls; and financial transaction approvals. It provides financial and operational analyses to department leadership and supports strategic planning, business initiatives, growth opportunities, compensation planning, and evaluation of new programs and capital purchases. The Director also manages department-specific financial processes involving clinical and research activities, faculty productivity and compensation, inventory, deposits, service agreements, and sponsored and non-sponsored accounts. The role works with department administrators, Chairs, University offices, auditors, and external parties to support compliant, effective business operations.

Requirements

Master’s degree in Business, Finance, Accounting, or a related field.
At least eight years of experience in a financial and business environment, particularly in a healthcare setting.
Knowledge of business and management principles.
Ability to direct, manage, implement, and evaluate department operations.
Ability to establish departmental goals and objectives that support a strategic plan.
Ability to plan effectively, delegate, and supervise the work of others.
Ability to lead, motivate, develop, and train others.
Excellent communication, managerial, and leadership skills, with the ability to prioritize and reprioritize multiple projects.
Sound judgment and experience handling delicate and confidential matters.
Initiative in resolving complex problems while maintaining attention to detail and flexibility when working with multiple leaders, faculty, senior administrators, and University officials.
Ability to work under pressure, meet tight deadlines, and manage competing priorities.
Team-oriented approach and strong communication skills in support of organizational goals and objectives.
Adaptability, commitment to excellence and continuous improvement, and highly developed problem-solving skills.
High integrity and ability to maintain financial control procedures.
Excellent written, verbal, reading, and presentation skills, including the ability to communicate clearly and respectfully with audiences across different specialties and levels of clinical experience.
Ability to perform in accordance with generally accepted accounting principles, current University of Miami policies, professional standards, corporate governance, and best practices.
Proficiency in Microsoft Office, including Excel financial modeling and complex data management, Word, and PowerPoint, and experience with finance systems.
Ability to exercise mature judgment and protect confidential information and patient privacy as required by HIPAA and University policies.
Ability to ensure consistent and accurate adherence to established workflows and processes.
Commitment to University values of Diversity, Integrity, Responsibility, Excellence, Compassion, Creativity, and Teamwork.

Nice To Haves

CPA certification preferred.

Responsibilities

Oversee budgets and the audit process for facilities and provide training to management.
Communicate financial policies and matters to appropriate finance committees.
Develop annual, operating, and capital budgets and prepare financial reports on overall performance.
Assist with strategies to maintain the organization’s financial well-being and assess the economic implications and feasibility of system changes or new systems.
Provide financial analyses and feasibility studies to translate strategic plans into quantitative data and analysis.
Cultivate payor contract relationships and develop joint ventures and collaborative arrangements with external parties.
Manage short- and long-term cash and investment portfolios to maximize returns while maintaining investment safety.
Establish and assess internal controls, ensure compliance with University policies and procedures, and train employees on applicable controls and policies.
Prepare the departmental budget, ensure compliance with restrictions, and recommend cost reductions and operational initiatives.
Provide accurate, timely management information and decision support, including performance reports, improvement initiatives, and action plans.
Contribute to business initiative design and development, including key performance indicators and benchmarks linking performance to strategy.
Prepare financial analyses and business evaluation reports for strategic long-range and tactical planning.
Conduct fiscal analyses, review monthly and quarterly reports, prepare forecasts, and explain budget variances, risks, opportunities, and operational impacts.
Prepare detailed budgets and operational forecasts in accordance with University guidelines and deadlines.
Prepare and present monthly departmental performance reports with financial and non-financial indicators, reconciliations, faculty productivity, and clinical and research activity analysis.
Develop financial metrics, monitor faculty performance, and recommend compensation plans and revenue opportunities.
Support growth opportunities through economic trend studies, competitive analysis, market-share analysis, business cases, and scenario planning.
Work with department administrators, Chairs, and Planning and Analysis on Chair packages and analysis of new recruits, acquisitions, and related impacts.
Develop management and budgetary controls, forecasts, and business plans to assess growth and profitability.
Evaluate new programs and capital equipment purchases through budgets, financial plans, business cases, and value-for-money and affordability analysis.
Ensure appropriate month-end and fiscal year-end closing processes.
Review and audit sponsored and non-sponsored departmental accounts, conduct operational audits, maintain oversight of operational expenses, and take corrective action as needed.
Maintain financial policies and internal controls in compliance with UHealth policies and liaise with Internal Audit.
Manage departmental financial audits and internal cash control; develop AOA fiscal and certification reports and monthly service-agreement invoicing and paperwork.
Initiate and process departmental non-salary charge journals and related interdepartmental transactions.
Allocate employee salary effort according to plan and adjust allocations for sponsored and non-sponsored accounts as needed.
Approve financial Workday and Ariba transactions and paper documents, ensuring accurate cost centers, sub-object codes, and available funding.
Prepare financial information for new faculty and staff hires, including Sources & Uses.
Develop and distribute monthly P&L reports for each clinical area.
Prepare productivity reports for clinical faculty and paid voluntary faculty, including clinical charges, revenue, patient volume, and wRVUs.
Prepare, review, submit, and process faculty compensation payments and salary changes, including related financial Workday transactions.
Provide research office contacts with faculty and salary information, account numbers, and budget-aligned adjustments.
Implement and manage product inventory and sales controls, manage fiscal year-end inventory counts, and prepare final inventory for Gables.
Analyze department product sales and submit Unrelated Business Income Tax Forms 990 and 990-T.
Determine departmental and faculty allocations for funds received for observers and students rotating through education programs.
Manage the department SPA and P-card and reconcile them to appropriate accounts.
Manage daily deposits, including gifts, reimbursements, and other departmental revenue.
Complete annual equipment and space certification for the department.
Conduct fiscal analyses, ad hoc investigations, and reviews as directed by department leadership, and independently carry out assigned responsibilities.