Senior Associate Vice President for Finance and Deputy Chief Financial Officer
Wayne State University
Location: Detroit, Michigan
Internal Number: 76_210101
Essential Functions: JOB PURPOSE Reporting to the Vice President for Finance and Business Operations, Treasurer and Chief Financial Officer, the Senior Associate Vice President for Finance and Deputy Chief Financial Officer provides consultative analysis, advice, and reports to the President and Board of Governors on treasury and financial activities. Oversees financial management functions within a framework of sound internal controls and applicable best practices. Oversees the Investments and Treasury function providing strategic planning for the university's cash management and investments and debt. Serve as the Chief of Staff for the Finance and Business Operations Division.ESSENTIAL FUNCTIONS- Direct and coordinate the fiscal affairs of the University. Serve as consultant to University officials, administrators, committees and board members on all aspects of fiscal operations and related matters. Consult and coordinate with the Business Affairs Officers of the schools, colleges and divisions and direct as appropriate as they manage the fiscal affairs and operations of their respective units. Advise and guide University leadership on long- and short-term institutional planning; provide information and research to support data informed decision-making and strategic planning. Oversee the preparation of university financial statements and other financial reports. Oversee the fiscal closing activities to ensure timely completion and accurate reporting. - Provide regular periodic interim financial reports to help ensure effective financial control environment and timely identification of emerging financial issues, problems and opportunities. Advise CFO, President, and Board of Governors of emerging financial issues and develop timely recommendations for corrective action as needed. - Provide leadership in external debt planning and issuances working closely with investment bankers and internal finance team. Oversee efforts relative to shaping the investment policy for the University's short-term cash portfolio, ensuring ongoing compliance with internal and external requirements and policies, and monitors and reports on performance versus agreed upon benchmarks. Evaluate the optimal structure for borrowings and opportunities for minimizing the cost of capital. Oversee the management of relationships with credit rating agencies, providing pertinent data and all other information for periodic ratings and disclosures. Oversee the regular periodic Treasury reports to monitor endowment investment performance against expected targets, compliance with policy and update debt attributes. - Lead the unit in identifying, developing, and implementing strategic goals and objectives. Ensure each department identifies and implements process improvements on a continuous basis to maximize operational efficiency and effectiveness throughout the organization and strives to enhance processes while maintaining a focus on improving customer service. Build, recruit and manage staff members into a high performance team. Manage and oversee the workflow of unit staff; establish organizational plans to meet operational mission and objectives. Oversee the personnel and budget related matters.WORK CONTEXTJob Reports to:Vice President/AVP/DeanLeadership Accountability:Develops policy and strategic plansSupervisory Accountability:Supervises through management personnelOrganizational Accountability:Manages departmentFinancial Accountability:Manages operating budgetCustomer Accountability:Interfaces with official and executivesFreedom to Act:Sets broad policies and objectives
Qualifications: MINIMUM QUALIFICATIONS-Master's degree in accounting, finance, business administration or related fields, or CPA. - A minimum of ten years progressively responsible experience in one or more of the following areas: treasury operations, financial operations, or strategic budget and resource management - Experience working in large, complex or decentralized environments - Success in attracting, developing, and mentoring a team of high-performing professionalsKNOWLEDGE, SKILLS & ABILITIES REQUIREDGeneral knowledge and understanding of financial operations and investment and debt. Proven ability to provide consultative leadership in a dynamic environment. Skill in advocating, managing, and leading change related to business operations to ensure that operations are efficient, effective, contemporary, financially sound, and compliant. Ability to anticipate and provide information and appropriate analysis needed to support executive decision-making. A style that fosters and supports change and innovation. Ability to appreciate and embrace diversity of thought. Ability to promote sharing of knowledge and information. Encourages mentoring, coaching, skill enhancement in an effort to build an internal continuous improvement culture. An approach that inspires trust and confidence through actions that demonstrate integrity, transparency, and a strong work ethic. Sophisticated interpersonal, organizational, analytical, problem solving, presentation, and communication skills. Strategic thinking, problem solving, business process re-engineering and complex planning skills.
Founded in 1868, Wayne State University is a nationally recognized metropolitan research institution offering more than 400 academic programs through 13 schools and colleges to nearly 32,000 students. Wayne State?s main campus in Midtown Detroit comprises 100 buildings over nearly 200 acres; its five extension centers offer higher education to people throughout Southeast Michigan. Wayne State is dedicated to preparing students to excel by combining the academic excellence of a major research university with the practical experience of an institution that by its history, location and diversity represents a microcosm of the world we live in. Reflecting its location and the excellent international reputation of its graduate schools, particularly in the sciences, Wayne State boasts the most diverse student body among Michigan?s public universities. Its students represent 49 U.S. states and more than 60 countries.