Essential Functions: Job PurposeThe Senior Director, Business Affairs in the College of Pharmacy and Health Affairs reporting to the Dean, College of Pharmacy and Health Affairs serves as a member of the senior leadership team. Provides and oversees finance and business services for the College of Pharmacy and Health Sciences, including strategic financial planning; budget development, implementation, analysis, transaction reconciliation and reporting; resource allocation; identifying and addressing fiscal opportunities in research, entrepreneurial opportunities in the community with external stakeholders and reports and participates in the resolution of related challenges and risks. Essential Functions Participate in strategic planning to achieve the organization's mission and provide financial forecasting to inform and aid in the development of operating budgets and capital needs. Collaborate with the Office of Budget and Planning on fiscal planning to align College and University's fiscal goals.Coordinate and assist in developing College budget requests and budget hearing materials. Monitor all College budgets in accordance with allocation provisions, budget policy and regulations for all fund types. Prepare projections or forecasts of expenses in comparison to budget categories/line items to avoid deficits, optimize use of available funds, and adhere to approved budget parameters. Ensure College budget maintenance, and facilitate the timely processing of budget revisions, financial aspects of personnel employment, and other expenditures. Provide budget reporting information to assist leadership in planning and decision making; develop detailed statistical analyses and reports outlining budget activities. Collaborate with the College leadership to develop and/or improve the quality, efficiency and effectiveness of financial and business processes and services. Attend and participate in budget meetings to better understand the nature and scope of budget requests, answer questions and recommend actions.Ensure appropriate financial/business systems and other reporting tools are developed, implemented and maintained to support timely, effective and efficient execution of decision making. Maintain internal control systems to assure integrity of financial transactions to prevent errors, omissions and possible fraudulent activity. Ensure effective monitoring and analysis of expenses on a monthly basis and identification of variances and trends.Work with Human Resource (HR) leadership to coordinate processing of the financial components of personnel employment and payroll and to reconcile HR System data to Financial Management System data.Establish policies and guidelines in financial management and expenditure processes. Identify areas in which policies and procedures need to be clarified and updated. Communicate with University financial service offices to assure awareness of financial policies, procedures and regulations to serve as a resource to College Executive Leadership. Provide supportive direction, education and training to all staff engaged in financial and business process flows within the College of Pharmacy and Health Sciences. Provide ongoing leadership to staff. Partner with HR in talent acquisition initiatives and, performance management, coaching, counseling and staff development opportunities that enhance staff participation in a culture of innovation and continuous improvement.Participate in special projects, as requested. Attend or serve on University committees or task forces as appointed.
Qualifications: Bachelor's degree in business, accounting or related field from an accredited college or university. Master's degree in business administration (MBA), accounting (MAcc) or related field preferred.Minimum seven years in progressive financial and budget roles, preferably in higher education or a large/complex organization. Experience with a responsibility centered management (RCM) process at a university is desirable.
Internal Number: 76_205786
About Wayne State University
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.
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