Director of Finance and Data Analytics

Director of Finance and Data Analytics

Hiring Department: Finance & Accounting

Location: Chicago, IL USA

Requisition ID: 1025206

Posting Close Date: May 31, 2024

About the University of Illinois Chicago

UIC is among the nation’s preeminent urban public research universities, a Carnegie RU/VH research institution, and the largest university in Chicago. UIC serves over 34,000 students, comprising one of the most diverse student bodies in the nation and is designated as a Minority Serving Institution (MSI), an Asian American and Native American Pacific Islander Serving Institution (AANAPSI) and a Hispanic Serving Institution (HSI). Through its 16 colleges, UIC produces nationally and internationally recognized multidisciplinary academic programs in concert with civic, corporate and community partners worldwide, including a full complement of health sciences colleges. By emphasizing cutting-edge and transformational research along with a commitment to the success of all students, UIC embodies the dynamic, vibrant and engaged urban university. Recent “Best Colleges” rankings published by U.S. News & World Report, found UIC climbed up in its rankings among top public schools in the nation and among all national universities. UIC has over 300,000 alumni, and is one of the largest employers in the city of Chicago.

Description:

Position Summary

This position has overall responsibility for the financial management of the College and oversight of corresponding data analytics requirements. Oversees financial, regulatory, and business activities for the College of Nursing, ensuring organizational efficiency and effectiveness, including financial analysis and strategic planning; forecasting; budgeting; regulatory agencies, University and State policies and procedures. This position will lead a team of finance, and accounting, and data professionals in the reviewing and approving all revenues and expenditures flowing through the College, providing advice and counsel to units within the College, and acting as liaison to internal offices as well as with the University's various central business offices for issues or questions related to the College's financial operations.

Duties & Responsibilities

• Develop, establish, and enforce policies and procedures to manage financial operations across the College of Nursing. Ensure the proper operational controls, administration and reporting procedures, and resource allocation systems are in place to operate most effectively and position the College for financial sustainability.

• Oversee the College’s annual budget process. Establish planning parameters, prepare annual budgets for all units, and monitor performance to those budgets.

• Forecast annual revenues from all sources (e.g., tuition from education programs, ICR from research programs, patient care revenue from clinical operations, self-supporting activities) and advise the Associate Dean for Administration and College-leadership with short-term and long-term fiscal planning.

• Develop and prepare special reports for College leadership (Dean, Associate Deans, Department Heads) and external stakeholders. Interpret financial data to College leadership and staff.

• Facilitate and conduct appropriate training for financial staff. Participate in the recruitment and annual performance evaluation process for financial staff across the College.

• Provide high level oversight for transactions flowing through individual departments and campuses. Analyze expenditures and budget variances and initiative corrective action plans when applicable.

• Create and develop financial proforma templates, budgets, and cost analyses for new academic programs, clinical practice initiatives, self-supporting and revenue generating activities.

• Ensure college-wide compliance with State, University, campus, and College financial policies and requirements.

• Provide technical expertise and leadership in the design and development of strategies for the effective collection and dissemination of college information.

• Create library of self-service reporting and visualization tools to provide insight, facilitate executive level analysis and decision-making.

• Advise college leadership in data quality assessment and the selection of appropriate tools and methodologies to address data needs and to inform institutional policy discussions.

• Formulate processes and provide senior-level analytics related to college-wide performance metrics

• Hire, train, develop and manage staff to ensure that a qualified staff exists to meet group objectives.

• Perform other related duties and participate in special projects as assigned.
• Perform other related duties and participate in special projects as assigned.

Qualifications:

Minimum Qualifications

• A minimum of a Bachelors degree in business administration, healthcare administration, or related field
• Minimum of 5 years work experience in a financial leadership role and 2 years of data management/analysis

Preferred Qualifications

• Masters degree in business.
• 5 years work experience in higher education finance role.
• Familiarity with enterprise administrative system is required; working knowledge of University of Illinois administrative information systems (e.g., Chrome River, EDDIE, iBuy, Banner, etc.) is highly desirable. Knowledge, Skills, and Abilities:
• Broad and deep knowledge of University and State rules and regulations regarding procurement, payments, etc. and College and Campus policies and procedures.
• Ability to provide consistently high levels of customer service to a diverse client base. • Ability to work collaboratively with other team members.
• Well-developed managerial, decision-making, planning, organizational, problem-resolution and leadership skills.
• Demonstrated ability to manage people on a day-to-day basis and inspire a high level of commitment and performance.
• Excellent written and oral communication skills. Ability to adapt communication style to address the needs of individuals at all levels throughout the University.
• Ability to negotiate skillfully with both internal and external constituents, to anticipate changes in the business environment, and to proactively lead change.
• A deep understanding of internal control concepts and the implementation of internal control systems in a complex business environment is required.
• Strong conceptual, analytical, and business process skills are required.
• Demonstrated ability to resolve conflicts, remove obstacles, and escalate issues in a timely, appropriate manner in a complex matrix environment is required.
• Ability to exercise discretion and independent judgment involving complex tasks with appreciable latitude for action or decision-making.

The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit Required Employment Notices and Posters to view our non-discrimination statement and find additional information about required background checks, sexual harassment/misconduct disclosures, and employment eligibility review through E-Verify.

The university provides accommodations to applicants and employees. Request an Accommodation