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Financial Manager

University of Chicago

University of Chicago

Accounting & Finance
Chicago, IL, USA
Posted on Tuesday, December 12, 2023

Department

BSD AFA - Budget Support 1


About the Department

The Biological Sciences Division (BSD) is the largest operating unit of the University of Chicago. It includes the Pritzker School of Medicine, twenty-three academic departments, twelve interdisciplinary degree-granting committees, and more than a dozen research centers and institutes. The BSD mission is to discover and create new knowledge of living systems, to preserve and communicate knowledge through education, and to nurture and sustain a community of scholars. These scholars pursue this mission through research, the education of basic scientists, physicians, and others interested in living things, and through enlightened and compassionate care of patients in a humane, academic environment. We have a long and rich history of discovery. Our academic departments have each developed and sustained outstanding programs of research and training in a broad range of programs. These are further enhanced by interdisciplinary committees, centers, and institutes. Unique among our peers, our Pritzker School of Medicine and basic biological science programs are housed in one division, allowing for strong collaborations between basic science and clinical research. Faculty, staff, and students interact across programs and disciplines, creating collaborative and innovative approaches to the study of complex problems. As a part of the BSD Dean’s Office, BSD Finance works closely with the executive leaders and financial professionals within the BSD, University, and Medical Center. It currently contains a total staff of 16 people.


Job Summary

The job provides specialized financial knowledge and breadth of expertise to serve complex departmental or divisional units enabling leaders to meet organizational needs, align with goals and accomplish strategic targets. Develops, manages, or interprets reports and data to make recommendations for revenue, budget, or similar department or divisional financial strategies.

Responsibilities

  • Analyzes budget estimates and proposals for completeness; accuracy; and conformance with established procedures, regulations, and organizational objectives. Understands key assumptions and issues.

  • Develops budget guidelines, consolidates divisional budgets and prepares budget summaries to management.

  • Leads monitoring of budget variances and work with department to identify underlying business drivers and potential problems.

  • Performs complex analysis of financial data and project revenues and expenditures; identifies and leads efforts to meet information needs related to the budget, financial analysis, and financial reporting.

  • Manages projects and/or supervises staff.

  • Assesses, modifies, develops and implements processes/procedures/systems to increase efficiency, accuracy and insightfulness of data analytics.

  • Provides training and education as needed to inside and outside department employees.

  • Serves as an experienced liaison interacting with financial administrators within operational units on financial, budget or accounting matters to prepare, advise and recommend.

  • Conducts quantitative and qualitative analyses to monitor and manage for expense optimization by identifying market drivers, enhance strategies, or improve revenue generation.

  • Provides financial input based on the development of data collection, metrics, reports and other analytical applications.

  • Analyze, organize and communicate business information to ensure deliverables are meeting or exceeding expectations.

  • Performs other related work as needed.


Minimum Qualifications

Education:

Minimum requirements include a college or university degree in related field.

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Work Experience:

Minimum requirements include knowledge and skills developed through 7+ years of work experience in a related job discipline.

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Certifications:

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Preferred Qualifications

Education:

  • Bachelor's degree in accounting, finance or a related field.

  • MBA or advanced degree in finance, public policy, not-for-profit administration, healthcare administration, or a related field.

Experience:

  • Experience in a university or academic medical center.

  • Financial modeling experience.

  • Knowledge of GAAP accounting principle, restricted fund accounting, grant accounting.

Preferred Competencies

  • Knowledge of financial computing and database software applications.

  • Knowledge of various financial principles, practices, and applications including budgeting, financial planning, and financial reporting.

  • Experience with accounting systems and budget systems.

  • Proficiency with Microsoft Office (Word, Excel, PowerPoint). Strong analytical and organizational skills.

  • Strong interpersonal, verbal, and written communication skills. Ability to establish and maintain relationships at all organizational levels.

  • Demonstrated time management; ability to deliver high-integrity products within established deadlines.

  • Ability to be a proactive and assertive problem-solver.

Working Conditions

  • Office Setting.

Application Documents

  • Resume (required)

  • Cover Letter ( required)


When applying, the document(s) MUST be uploaded via the My Experience page, in the section titled Application Documents of the application.


Job Family

Financial Management


Role Impact

Individual Contributor


FLSA Status

Exempt


Pay Frequency

Monthly


Scheduled Weekly Hours

40


Benefits Eligible

Yes


Drug Test Required

No


Health Screen Required

No


Motor Vehicle Record Inquiry Required

No


Posting Statement

The University of Chicago is an Affirmative Action/Equal Opportunity/Disabled/Veterans and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, national or ethnic origin, age, status as an individual with a disability, military or veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination.

Staff Job seekers in need of a reasonable accommodation to complete the application process should call 773-702-5800 or submit a request via Applicant Inquiry Form.

We seek a diverse pool of applicants who wish to join an academic community that places the highest value on rigorous inquiry and encourages a diversity of perspectives, experiences, groups of individuals, and ideas to inform and stimulate intellectual challenge, engagement, and exchange.

All offers of employment are contingent upon a background check that includes a review of conviction history. A conviction does not automatically preclude University employment. Rather, the University considers conviction information on a case-by-case basis and assesses the nature of the offense, the circumstances surrounding it, the proximity in time of the conviction, and its relevance to the position.

The University of Chicago's Annual Security & Fire Safety Report (Report) provides information about University offices and programs that provide safety support, crime and fire statistics, emergency response and communications plans, and other policies and information. The Report can be accessed online at: http://securityreport.uchicago.edu. Paper copies of the Report are available, upon request, from the University of Chicago Police Department, 850 E. 61st Street, Chicago, IL 60637.