Finance Director

The Finance Director for the Department of Medicine within the University of Minnesota Medical School provides strategic and operational leadership for the department’s finance and accounting of clinical and academic activities. Collectively, this department is comprised of 11 separate divisions which are managed as separate financial units. The department generates ~$180 million in annual revenue, including $30M in sponsored grants and contracts. Thereare over 350 paid faculty, 540 community physicians, 190 graduate medical trainees, and 300 staff in the department.

This position is responsible for directing and overseeing the finance and accounting functions supporting the Department of Medicine academic department and clinical service unit; leading acollaborative and productive work team based in respect,accountability and service; developing and/or coordinating complex financial forecasting, productivity analyses, business plans and compensation models; and providing strategic financial guidance for implementing identified goals and priorities. This position reports directly to the Medical School Director of Finance and Accounting and is a key partner to the Department Chair and Department of Medicine Leadership team.

• Coordination of financial analysis and forecast of all fundsfor the Department of Medicine, including long-term strategic planning. Oversee the development and accuracy of financialproformas used for faculty recruiting, retention and assessment.
• Development and management of departmental budgets, both University of Minnesota and UMPhysicians. Identify risks and opportunities. Prepare special analysis and advocate for special funding as appropriate.
• Engage in the contracting process for both the University of Minnesota and UMPhysicians. Provide expertise in professional service agreements. Advocate for fair and appropriate payment of services.
• Provide oversight of all financial transactions to ensure compliance with Federal, University, Medical School, andUMPhysicians’ regulations and policies.
• Works with a variety of partners to address unique financial and accounting arrangements in order to establish formal memorandums of understanding; key partnerships include but are not limited to:
  Masonic Cancer Center, Minneapolis Veterans Association, Office of Academic Clinical Affairs, and others.
• Partner with Department of Medicine Compensation Manager toalign division and subspeciality compensation plans and incentives with financials.

• Act as a key financial advisor to the Department Chair, 11
  
  Division Directors and 5 Vice Chairs. Provide timely financial information and recommendations to support decision-making and special initiatives. Proactively identify, assess and communicate potential financial challenges and opportunities.
• Present financial information to several key stakeholders, suchas the CSU Board of Governors, Clinical Operations Committee and Department Leadership Council.
• Co-leader of the Department of Medicine’s Finance Committee,and serves as a member of the Medicine Clinical Service Unit Boardof Governors
• Provide leadership and represent the department on financial initiatives across the Medical School and UMPhysicians.
• Develop and implement procedures and processes for the department in conjunction with the Dean's Office, UMPhysicianssenior staff, and the other Finance Directors
• Identify and implement financial and accounting process improvements when identified

• Manage the Department of Medicine Finance and Accounting team comprising of XX FTE. Direct supervision of five (5) team leaders.
  
  Responsible for overseeing the recruiting, hiring, training and professional development of staff.