The Columbia University Medical Center, (CUMC), www.cumc.columbia.edu, seeks a motivated leader with exceptional financial planning, budgeting, and organizational management skills to join the Office of Budget and Planning leadership as the Senior Director of Budget and Financial Analysis. The Senior Director reports to the Assistant Vice President for Budget and Planning and serves as CUMC’s primary contact with school and CUMC central department administrators on all matters related to budget preparation, review and analysis
The Senior Director…
Oversees the preparation of, conducts monitoring of, and prepares reports and presentations regarding the overall budget for the Columbia University Medical Center.
Organizes, administers, and continually improves all aspects of budget preparation, reporting and analysis including collection, review and consolidation of budget submissions from school and central offices, analysis of budget and actual results, and forecasting of future trends.
With the Assistant Vice President and business leaders responsible for each analysis area, develops analysis and forecasting models for all major revenue and expense categories across patient care ($1.1B in annual revenues), research ($680M), education ($130M), and administrative and other ($400M) mission areas, and prepares historic trend analysis and forecasting algorithms for these areas.
Provides direct financial oversight of the Central Administrative units reporting the CUMC COO and CFO (IT, HR, Libraries, Residential Housing, Student Health Services, Budget and Planning, Controller), including reviewing and reporting to executives on the financial performance of central unites, managing annual budget preparation for units, and participation in detailed financial planning for new central administrative activities. Annual expenses in these units total approximately $250M.
Under the oversight of the Assistant Vice President, monitors efforts to implement, maintain, and improve CUMC’s Standards for Accounting and Reporting, including the methodologies by which central campus, school and departmental revenues and expenses are allocated to specific programs and faculty members.
Advises and trains campus, school and departmental staff on the use of these standards to ensure accurate reporting of campus financial activity as a means of enabling continued improvement of campus operations.
Will demonstrate leadership in the development of specifications provided to the CUMC Financial Information Systems team for development of systems that enhance budget operations processes, financial reporting and forecasting, and allocation management. Collectively these software applications are known as CUMC SMART (Strategic Management and Reporting Toolkit), and have been developed primarily using Microsoft business intelligence and web development platforms. The Senior director will become a subject-matter expert on CUMC’s budgeting tools, systems, and processes from the perspective of business owners and end-users. Through this collaboration, the Senior Director will continue to advance the state of CUMC’s financial planning, analysis, and reporting capabilities and practices.
Manages the FAIR (Financial Allocation of Infrastructure Resources) cost allocation model controlling distribution of CUMC central costs to campus schools and assumes primary responsibility for the development of forecasts as well as regular monitoring of planned vs. actual performance of the FAIR model.
Oversees the Budget and Planning team. In the current staffing model for CUMC’s budget and planning function, the Senior Director role supervises two employees: the Associate Director for Financial Reporting and Analysis and the Senior Manager of Budget and Financial Analysis. The Senior Director indirectly supervises an additional employee, the Manager of Financial Reporting and Analysis.
Candidates must possess a bachelor’s degree, preferably in accounting- or finance-related field, as well as seven years of progressively comprehensive financial planning responsibility in a large, complex organization. An MBA or comparable advanced degree is preferred. In addition, candidates should demonstrate outstanding financial analysis and modeling skills, including variance analysis, financial statement analysis, and the ability to design and prepare detailed financial reports and analyses. Strong budgeting, P&L, accounting, and reporting experience are all required. Excellent oral and written communication skills are a must. The successful candidate will be a self-starter with a well-developed aptitude for quantitative analysis and will be capable of working independently and confidently within the framework and values of the Budget & Financial Planning Office. Expert-level computer proficiency (Microsoft Excel and Word), including an in-depth knowledge of spreadsheet packages and familiarity with database design, are required. Attention to detail and the ability to work closely with a diverse group of administrators is essential.
Columbia University is an Affirmative Action / Equal Opportunity employer.
Qualified women and people of color are especially encouraged to apply.
Columbia University has retained Opus Partners (www.opuspartners.net) to support this recruitment. Craig Smith, Partner, and Neeta Mehta, Principal, are leading the search. Confidential inquiries, applications, and nominations should be sent by email to Craig (email@example.com) or Neeta (firstname.lastname@example.org).