The Director of Financial Analysis and Budget serves as a key leader within the Indiana University (IU) School of Medicine (IUSM) Financial Services unit. This position is a critical role within IUSM, serving as a director within the Dean's Office, reporting to the Associate Chief Financial Officer (CFO). This position provides significant input for leadership related to IUSM long-term and short-term financial planning and resource allocation.

Department-Specific Responsibilities

• Acts as a subject matter expert in finance for the school.
• Interacts with colleagues at all levels of the school, campus, and university.
• Analyzes school-level financials, analysis, planning, and reporting and is critical to supporting the Associate CFO in interpreting the financial health of the school and ensuring availability of funds for continuing operations.
• Collaborates with Financial Services leaders in development of policies, strategic plans, and programs within IUSM related to the financial resources and operations of the school.
• Manages the school-level budget, analysis, and reporting; leads the financial analysis staff.
• Directs financial analysis for the dean's office units and departments, including items such as: reviewing statements for profit and loss, income and expense variances, budget analysis, preparing financial forecasts, trend analysis, cash balances, and key metrics such as full time equalivents (FTE), days cash on hand, and indirect costs, among others.
• Leads the annual IUSM budget construction process and maintains the budget throughout the fiscal year.
• Collaborates on strategic planning efforts for IUSM Departments, Regional Medical Centers, and Dean's Office units to include analysis of financial performance, implementing standardized business planning processes, and developing operational improvement plans in support of the Associate Chief Financial Officer.
• Directs the daily activities of the Financial Analysis and Budget staff.

General Responsibilities

• Oversees the analysis of financial performance in university units; devises strategic plans to meet financial goals.
• Develops short-term and long-term business plans, creates policies and procedures, and analyzes past financial performance.
• Prepares and presents financial analyses and recommendations to top-level university management.
• Provides expert advice on all levels of financial activity and interpretation of financial policies to Financial Analysts, senior management, and top-level university management.
• Follows crucial economic, industrial, and corporate trends by analyzing financial reports; implements relevant data into the organization's financial decision-making.
• Creates financial models and analyses of financial and operational metrics to evaluate and direct business performance.
• Manages the financial planning, budgeting, and forecasting processes.

Qualifications

Combinations of related education and experience may be considered. Education beyond the minimum required may be substituted for work experience. Work experience beyond the minimum required may be substituted for education.

EDUCATION

Required

• Bachelor's degree in accounting, finance, or a related field

Preferred

• Master's degree in accounting, finance, or a related field

WORK EXPERIENCE

Required

• 5 years in finance, financial administration, accounting, or a related field

Preferred

• 3 years of management experience in a relevant field

SKILLS

Required

• Ability to analyze and interpret financial data
• Demonstrated analytical skills
• Excellent interpretation of complex statistical data
• Demonstrated written communication skills
• Articulate and responsive to colleagues
• Develops and delivers effective presentations
• Excellent collaboration and team building skills
• Ability to lead/manage others
• Instills commitment to organizational goals
• Assumes personal responsibility for actions
• Demonstrates a high level of accuracy, even under pressure
• Ability to work within tight time frames and meet strict deadlines

Working Conditions / Demands

This role requires the ability to effectively communicate and to operate a computer and other standard office productivity equipment. The position involves sedentary work as well as periods of time moving around an office environment and the campus. The person in this role must be able to perform the essential functions with or without an accommodation.

Work Location

Indianapolis, Indiana

Advertised Salary

$155,000.00 - 160,000.00 annually based on candidate experience, skills, and qualifications.

Benefits Overview

For full-time staff employees, Indiana University offers a wide array of benefits including:

• Comprehensive medical and dental insurance
• Health savings account with generous IU contributions
• Healthcare and dependent care flexible spending accounts
• Basic group life insurance paid by IU
• Voluntary supplemental life, long-term disability, critical illness, and supplemental accidental death & dismemberment insurance
• Base retirement plan with generous IU contributions, subject to vesting
• Voluntary supplemental retirement plan options
• Tuition subsidy for employees and family members taking IU courses
• 10 paid holidays plus a paid winter break each year
• Generous paid time off plans
• Paid leave for new parents and IU-sponsored volunteer events
• Employee assistance program (EAP)

Learn more about our benefits by reviewing the IU Benefit Programs Brochure .

Job Classification

Career Level: Strategic

FLSA: Exempt

Job Function: Finance

Job Family: Financial Analysis

Click here to learn more about Indiana University's Job Framework.

Posting Disclaimer

This posting is scheduled to close at 11:59 pm EST on the advertised Close Date. This posting may be closed at any time at the discretion of the University, but will remain open for a minimum of 5 business days. To guarantee full consideration, please submit your application within 5 business days of the Posted Date.

If you wish to include a cover letter, you may include it with your resume when uploading attachments.

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