The Executive Director of Finance is responsible for leading the development, implementation, and monitoring of all University of Missouri School of Medicine policies and practices concerned with financial administration, budgets, financial planning, and general accounting as well as ensuring their alignment and adherence to campus and UM System policies. The Executive Director of Finance will have active involvement in organizational financial reporting and enacting cost management initiatives. In addition, this position will engage and collaborate with, among others, the Executive Director of University Physicians, CFO of MU Healthcare, and the School of Medicine Executive Leadership Team in accomplishing these goals.
This executive level position has a leadership role in assisting the School of Medicine (SOM) to achieve its mission to save and improve lives through exemplary education, research, and patient-centered care. The position will have a wide range of responsibilities and the Executive Director must display excellent communication skills while working diligently as an exemplary steward of financial resources.
Roles and responsibilities include:
Develop and administer organization-wide financial policies and financial management practice. Serve as School of Medicine principal representative in UM System and campus finance, tax, and accounting groups.
Direct School of Medicine accounting, cost-management, financial planning, and financial reporting functions. Provide leadership in the development, implementation, and maintenance of financial information and reporting systems.
Steer the understanding, attainment, and monitoring of multiple revenue sources including education/tuition, patient billing, research grants/contracts and philanthropic gifts for each of the departments/units that comprise the School of Medicine as well as a synthesis of these sources in ways that provide a comprehensive School-level financial profile.
In conjunction with School leadership, develop the long-term financial plan in support of the School of Medicine’s strategic plan. Remain attentive to identifying opportunities and making recommendations that enhance the long-term financial health of the school.
Direct the preparation of the organization’s capital and operating budgets.
Liaise with the SOM Office of Research, OSPA and campus finance leadership to provide oversight of SOM (especially post-award) grant/contract management. Accelerate the development and implementation of systems to assure investigator and departmental accountability for timely post-award expenditures and overall grant/contract fund management.
Consult with department leaders to ensure budget allocations and financial decisions are in alignment with strategic priorities and goals. Provide regular and ad hoc reports to assist with decision making. May include presentations to unit leaders including the Chancellor and various vice chancellors.
Serve as the accountable leader for day-to-day transactional accounting and fiscal activities including oversight of fiscal staff that manage accounts payable, accounts receivable, journal entries, travel expenses, purchasing card activity, and budget maintenance.
Organize and deliver department level educational training ensuring fiscal staff receive appropriate and adequate preparation to competently perform their duties and comply with all UM System, campus and School of Medicine policies and procedures.
Collaborate with the Senior Director of Administration and Operations to provide performance feedback and coaching to department administrators and others who manage department financial matters.
Provide performance feedback on departmental fiscal staff to Chairs, and work with employee and department Chair to resolve any performance issues encountered.
Develop, recommend, interpret, and implement internal controls, policies and procedures affecting the general accounting and financial statistical reporting.
Consistently display initiative to achieve greater efficiencies, innovate as needed and ensure timeliness and clarity of financial reports.
Participate in relevant university, state, and national committees and responsively handle special requests of the same. Serve as a member of both the EVCHA/Dean’s Executive Leadership team and the Administration and Operations team to ensure key leaders are fully apprised of financial matters that affect the School of Medicine.