Date of Issue: Revised September 14, 2018 with regards to reporting
Primary Purpose of the Position
The Chief Business Officer (CBO) of a campus serves on the president’s cabinet as the chief financial and business advisor to the president and the campus leadership team and is the campus’ primary liaison to the functionally aligned services.
Serves as the chief fiscal and business officer of the campus including development of the annual campus budget request with the president and the leadership team in support of the campus mission and strategic priorities;
Oversees the management of the annual campus budget as approved by the Board of Trustees (as well as other all other campus funds) and advises the president and the leadership team on innovative and practical approaches to meeting the campus’ fiscal needs;
Responsible for the overall financial management of the campus including the commitment of campus resources for grants and contracts;
Serves as a liaison to functionally aligned services managed at the system level to ensure campus’ needs are met and to support the campus mission and strategic priorities;
Participates in long-range planning and goal setting for the campus and provides analytical support and reports for routine and complex projects;
Actively participates in the development of policies and procedures at the system and campus level; and
Oversees the administrative functional units managed at the campus level, including responsibility for financial reporting, cashier functions and student customer service, day-to-day (hands on) functions for maintenance and operation of plant, campus-managed auxiliary services, and other duties as assigned by the president and the CFO.
Responsible for the respective campus budget with responsibility for the fiscal and administrative functioning of the campus.
The CBO has a dual direct reporting relationship to the Vice Chancellor for Finance and Administration and to their respective campus president. Campus CBOs are jointly selected and evaluated by the CFO and the respective campus president.
Coordinates with members of the president’s leadership team, functional leaders of finance and administration matrix services, other campus CBOs and University Services leadership and staff, and campus-based constituencies.
Oversees directors/managers/supervisors of administrative functional units managed at the campus level and assigned to the CBO.
Knowledge, Skills and Abilities
Knowledge of issues, trends, and operations of complex organizations with direct experience in higher education or public sector organizations preferred;
Solid working knowledge of financial and administrative management;
Knowledge of accounting, budget and audit disciplines;
Effective written and oral communication skills;
Ability to work as a team member and leader;
Ability to evaluate and interpret data;
Knowledge of planning and assessment;
Knowledge of the legal and regulatory environment;
Excellent collaboration and interpersonal skills;
Ability to plan, lead and carry out projects to meet deadlines; and
Ability to explain and interpret policies and procedures.
Bachelor’s degree in appropriate field such as finance, accounting, business management, or public administration or equivalent combination of education and experience. Masters degree in an appropriate field such as MBA, MPA, finance or accounting preferred (may vary by campus);
At least five years experience managing in a complex organization with direct experience in higher education or public sector organizations preferred
Commitment to public higher education dedicated to teaching, research, public service and student development.
NOTE: THE UNIVERSITY OF MAINE SYSTEM RESERVES THE RIGHT TO ASSIGN REASONABLY RELATED ADDITIONAL DUTIES AND CHANGE OR REASSIGN JOB DUTIES.
Internal Number: 00011492
About University of Maine System
Established in 1968, the University of Maine System (UMS) unites seven distinctive public universities, comprising 10 campuses and numerous centers, in the common purposes of providing quality higher education while delivering on its traditional tripartite mission of teaching, research, and public service.
Maine’s largest educational enterprise, the University extends its mission as a major resource for the state, linking economic growth, the education of its people, and the application of research and scholarship.
A comprehensive public institution of higher education, UMS serves nearly 30,000 students annually and is supported by the efforts of more than 2,000 full-time and part-time faculty, more than 3,000 regular full-time and part-time staff, and a complement of part-time temporary (adjunct) faculty.
Reaching more than 500,000 people annually through educational and cultural offerings, the University of Maine System also benefits from more than two-thirds of its alumni population residing within the state; more than 123,000 individuals.
The System consists of the following seven universities: University of Maine (UM); University of Maine at Machias (UMM); Univers...ity of Maine at Augusta (UMA); University of Maine at Presque Isle (UMPI); University of Maine at Farmington (UMF); University of Southern Maine (USM); and, University of Maine at Fort Kent (UMFK).
Operating within a shared services model, the offices of Information Technology, Strategic Procurement, Human Resources, Facilities, Risk and General Services, Finance and Budget, Shared Processing Center, General Counsel and Organizational Effectiveness partner to form the University Services organization.
Charged with delivering key administrative functions across the System, University Services is dedicated to leveraging its significant unit and collective resources to not only serve the immediate needs of its constituents, but deliver sustainable economies and efficiencies for the future benefit of the System as well.