Reporting to the Senior Finance Director, the Director for Budget and Finance is responsible for oversight of all financial management and reporting functions of the department, including budget preparation and variance monitoring, financial planning and analysis, business plan preparation, financial operations/general accounting functions and grants accounting.
Coordinates and develops the department's annual operating budget. Develops consolidated budget materials and support for monthly, quarterly and annual presentation to Department leadership, CUMC administration and university budget officers.
Provides support for the Departmental Administrator and Senior Director in preparing for negotiations and performing reconciliations as related to the NYPH Joint Budget.
Supervises and coordinates the Department's financial closing processes including monthly, quarterly and fiscal year end closing.
Responsible for the direct management of the Department Finance team including personnel responsible for financial operations and analysis. Ensures the timely processing of all journal entries and transactions relating to bank reconciliation, cash management, expense allocations, fund balance management, salary allocations, etc.
Implements budget planning and monitoring programs in concert with the financial goals and objectives of the Department, divisions, business initiatives and related missions. Evaluates budget variances, identifies fiscal problems, and recommends related budget planning strategies to implement appropriate corrective actions.
Works closely with divisional administrators and senior managers to monitor the financial performance of the divisions and programs. Develops methodologies for forecasting expenditures, revenues and allocation of resources. Develops outcome measurement tools and routine reporting formats to communicate financial performance. Meets regularly with divisional administrators and managers to develop corrective action plans as needed.
Responsible for operations management of various University budget/finance systems such as ARC, PAC Labor Accounting, COB reports.
Regularly prepares and presents financial data to senior leadership. Prepares custom and ad hoc reports as needed.
Responsible for direct oversight of the Research Administration team, ensuring effective financial integration of sponsored projects and internally supported research operations into departmental budgeting and financial planning processes in conjunction with Budget & Finance. Ensures all pre-and-post-award grants management is carried out to maximize funding and in conjunction with all policies, regulations and best practices.
Manages the Business Office and Procurement area to ensure funding and appropriate budget planning and adjustments associates with purchase requests, lease commitments, and other operational spending.
Spearheads financial analysis and business planning, creation of P&Ls, faculty scorecards, incorporating productivity benchmarks, revenues and operating costs.
Provides project management support for new strategic initiatives, developing financial analyses to assess programmatic results.
Assesses divisional management abilities with financial systems and develops necessary supplemental internal financial models and tools, assuming a departmental leadership role in ensuring their understanding and usage in budget development and deployment.
Meets regularly with the Department Administrator/CFO regarding departmental financial affairs. Attends and provides key input at regular financial management team meetings and departmental administrative team meetings.
Other related duties as assigned.
Requires a Bachelor's degree or equivalent in education and experience, plus five years of related experience. Master's preferred.
Related experience in a large, complex academic medical setting.
Outstanding financial analysis and modeling skills required, including variance analysis, financial statement analysis, and statistics.
Strong computer proficiency (PowerPoint, Word and Excel), including an in-depth knowledge of spreadsheet packages and familiarity with database design required.
Supervisory experience required.
Excellent interpersonal, oral, and written communication skills, including active listening skills, attention to detail, plus the ability to work closely and effectively with a diverse group of University administrators, is essential.
The successful candidate must be a strategic thinker, with an open and collaborative style that encourages teamwork and cooperation.
Must have a passion for excellent customer service and commitment to exceptional quality, and demonstrate professionalism, integrity and sound judgement in accordance with organizational values.
Equal Opportunity Employer / Disability / Veteran
Columbia University is committed to the hiring of qualified local residents.
Internal Number: 505761
About Columbia University
Columbia University is one of the world's most important centers of research and at the same time a distinctive and distinguished learning environment for undergraduates and graduate students in many scholarly and professional fields. The University recognizes the importance of its location in New York City and seeks to link its research and teaching to the vast resources of a great metropolis. It seeks to attract a diverse and international faculty and student body, to support research and teaching on global issues, and to create academic relationships with many countries and regions. It expects all areas of the university to advance knowledge and learning at the highest level and to convey the products of its efforts to the world.