University of Michigan

Financial Analyst Lead

University of Michigan$95K — $115K *
Healthcare
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting, finance, business administration, economics, or closely related field.
  • 8+ years of professional experience in financial management or accounting.
  • 5+ years of experience managing complex financial portfolios.
  • Experience in developing budgets, forecasts, and management-level financial reports.
  • Strong analytical, organizational, and problem-solving skills.
  • Excellent communication skills for both financial and nonfinancial audiences.
  • Proficiency in Microsoft Office, especially Excel for financial analysis.

Responsibilities

  • Direct financial management of the division's diversified portfolio.
  • Develop and implement processes for financial planning and monitoring.
  • Analyze financial performance and recommend strategies for improvement.
  • Prepare and present financial reports for division leadership.
  • Manage faculty and staff effort planning and reporting.
  • Oversee procurement and related financial operations.
  • Support research administration processes related to sponsored programs.

Benefits

  • Excellent medical, dental and vision coverage effective on your very first day.
  • 2:1 match on retirement savings.
Full Job Description
How to Apply

A cover letter is required for consideration for this position and should be attached as the first page of your resume. The cover letter should address your specific interest in the position and outline skills and experience that directly relate to this position.

Job Summary

The Divisions of Hematology and Oncology and Genetic Medicine within the Department of Internal Medicine seek an experienced and strategic financial professional to serve as Financial Analyst Lead. Together, these divisions support a complex mission spanning patient care, translational and clinical research, clinical trials, and education.

Reporting to the Division Administrator, the Financial Analyst Lead serves as the principal financial advisor for a large and diverse portfolio that includes clinical operations, sponsored research, clinical trials, faculty and staff effort, philanthropic and discretionary funds, and other institutional resources. The position provides division-wide financial leadership and partners closely with research administration, departmental finance, faculty, and operational leaders to support sound financial stewardship and informed decision-making.

This role is responsible for guiding financial planning, portfolio management, compliance, forecasting, reporting, and strategic analysis across the divisions' clinical, research, and educational missions. The successful candidate will be able to evaluate complex financial and operational information, identify risks and opportunities, and translate findings into actionable recommendations for division and departmental leadership.

The ideal candidate will bring strong analytical and relationship-building skills, sound professional judgment, and the ability to effectively partner with faculty, administrators, and institutional leaders in a highly collaborative environment.

This is an outstanding opportunity to play a key leadership role within one of Michigan Medicine's key strategic growth areas. The position offers a breadth of responsibility and visibility to institutional leaders, with opportunity to influence strategic decisions in clinical operations, research administration, faculty affairs, and institutional finance. Joining this team will enable you to meaningfully contribute to a mission dedicated to advancing cancer care, blood disorder treatment, genetics, and scientific discovery.

Responsibilities*

The Financial Analyst Lead provides strategic oversight for the financial operations of the Divisions of Hematology and Oncology and Genetic Medicine. This position develops, interprets, and implements complex financial and accounting concepts, policies, and advanced analytical techniques to support sound financial planning, stewardship, and internal control. Serving as a trusted advisor to division leadership, the Financial Analyst Lead evaluates financial performance, identifies risks and opportunities, and translates complex financial, clinical, and research data into actionable recommendations.

Specific responsibilities include, but are not limited to:

Financial Strategy, Planning, and Oversight (40%)
  • Direct the financial management of the division's comprehensive portfolio, including clinical, sponsored research, clinical trial, discretionary, philanthropic, and other institutional accounts.
  • Develop and maintain financial planning, forecasting, monitoring, and control processes that align resources with the division's operational and strategic priorities.
  • Analyze financial performance, identify trends and variances, and recommend strategies to address financial risks and opportunities.
  • Develop and implement financial tools, reporting methods, and process improvements that enhance decision-making, operational efficiency, internal controls, compliance, and access to financial information.
  • Assist with annual department and institutional processes, including budget development, forecasting, year-end activities, and space surveys.

Financial Reporting and Decision Support (20%)
  • Lead the preparation and presentation of financial, operational, and research-related analyses and reports for division leadership and other senior organizational leaders.
  • Integrate financial, clinical, research, staffing, and effort data to evaluate divisional performance and support strategic planning.
  • Develop executive-level dashboards, forecasts, presentations, scenario analyses, and recommendations to support strategic planning and resource-allocation decisions.
  • Conduct ad hoc analyses and reporting to support leadership decision-making and resource allocation.

Faculty and Staff Effort Management (15%)
  • Serve as the division's subject-matter expert for faculty and staff effort planning, allocation, monitoring, and reporting.
  • Develop, review, and process effort distributions and changes for U-M and Veterans Affairs faculty and staff, ensuring appropriate documentation, funding, and institutional alignment.
  • Coordinate effort timelines, U-M/VA memoranda of understanding, and related agreements.
  • Analyze and manage complex effort scenarios involving research, clinical, educational, and administrative activities; grant restrictions; cost sharing; leaves; sabbaticals; and funding or appointment changes.
  • Partner with faculty, division leadership, research administrators, human resources, and departmental stakeholders to ensure effort commitments are accurate, supportable, and compliant.

Procurement and Financial Operations (15%)
  • Oversee procurement and related financial operations, including purchasing, reimbursements, contracts, service agreements, payroll-related transactions, and account management activities, ensuring transactions are appropriately authorized, documented, funded, and compliant with institutional and sponsor requirements.
  • Monitor transaction processing and account reconciliation, resolve discrepancies and implement workflows improvements as needed.
  • Serve as an escalation point for complex financial, procurement, payroll, research administration, and account-management issues.
  • Collaborate with faculty, staff, administrative offices, and external partners to resolve issues and advance divisional priorities.

Research and Sponsored Programs Administration (10%)
  • Maintain working knowledge of the division's sponsored research portfolio and related pre-award and post-award processes.
  • Provide backup support to the Research Administration Manager, including review of proposal budgets, award terms, expenditures, cost sharing, effort commitments, financial reporting, and award closeout activities; collaborate with investigators, research administrators, and institutional offices to support compliant administration of grants, contracts, and clinical research funding and assist in resolving related financial or administrative issues.
  • Provide financial analysis and guidance regarding the implications of research proposals, awards, staffing plans, and programmatic decisions.

Additional Responsibilities
  • Represent the division on departmental and institutional committees, workgroups, and strategic initiatives, as assigned.
  • Maintain current knowledge of policies, regulations, accounting standards, and financial management practices relevant to academic medicine and sponsored research.
  • Perform other duties as assigned by the Division Administrator or division leadership.

Required Qualifications*
  • Bachelors degree in accounting, finance, business administration, economics, or a closely related field, or an equivalent combination of education and relevant experience.
  • 8 or more years of professional experience.
  • Minimum of five years of progressively responsible experience in financial management, accounting, budgeting, or financial analysis, including experience managing complex financial portfolios.
  • Demonstrated experience developing budgets and forecasts, monitoring financial performance, analyzing variances, and preparing management-level financial reports.
  • Experience interpreting and applying complex financial policies, accounting principles, internal controls, and compliance requirements.
  • Excellent analytical, organizational, and problem-solving skills, with the ability to evaluate complex information, identify risks and opportunities, and develop practical recommendations.
  • Strong attention to detail and demonstrated ability to establish priorities, manage multiple projects, and meet competing deadlines in a complex, fast-paced environment.
  • Excellent written, verbal, and presentation skills, including the ability to explain complex financial information clearly to financial and nonfinancial audiences.
  • Demonstrated executive presence, professional judgment, and confidence communicating with faculty, administrators, and senior organizational leaders.
  • Ability to work collegially and collaboratively within a team environment and to build effective relationships across a highly matrixed organization.
  • Demonstrated ability to handle sensitive and confidential information with discretion.
  • Proficiency with Microsoft Office applications, particularly Excel and Word, including the ability to use Excel for complex financial analysis, data management, and reporting.


Desired Qualifications*
  • Seven or more years of progressively responsible financial management experience, preferably within academic medicine, health care, higher education, or another complex research-intensive organization.
  • Master's degree in business administration, finance, accounting, health administration, or a related field.
  • Professional certification such as CPA, CMA, or a comparable credential.
  • Demonstrated knowledge of the financial and operational environment of an academic clinical department, including clinical operations, faculty compensation, productivity, effort allocation, and multi-mission planning.
  • Experience managing complex financial portfolios supported by diverse funding sources, including clinical revenue, sponsored research, clinical trials, gifts, discretionary funds, and institutional support.
  • Experience with research administration and compliance, including proposal development, award management, sponsor and institutional requirements, effort reporting, financial monitoring, and award closeout.
  • Experience managing faculty and staff effort across clinical, research, educational, and administrative activities; experience coordinating effort involving both university and Veterans Affairs appointments is preferred.
  • Experience overseeing core financial operations, including procurement, payroll, account reconciliation, and implementation of process improvements, financial controls, or operational efficiencies.
  • Demonstrated ability to develop executive-level financial and operational analyses that integrate financial, clinical, research, and workforce data to support strategic decision-making.
  • Familiarity with enterprise financial, human resources, research administration, business intelligence, and related systems used in a large academic medical center, university, or health care environment.

What Benefits can you Look Forward to?
  • Excellent medical, dental and vision coverage effective on your very first day
  • 2:1 Match on retirement savings

Modes of Work

Positions that are eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the work modes .

Application Deadline

Job openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled any time after the minimum posting period has ended.

Job Detail

Job Opening ID

282914

Working Title

Financial Analyst Lead

Job Title

Financial or Bus Analyst Ld

Work Location

Ann Arbor Campus

Ann Arbor, MI

Modes of Work

Mobile/Remote

Full/Part Time

Full-Time

Regular/Temporary

Regular

FLSA Status

About University of Michigan

The University of Michigan is a public research university in Ann Arbor, Michigan. It is the state's oldest university and the flagship campus of the University of Michigan system. The University of Michigan was founded in 1817 in Detroit, as the Catholepistemiad, or University of Michigania, 20 years before the territory became a state. The school moved to Ann Arbor in 1837 onto 40 acres (16 ha) of what is now known as Central Campus. Since its establishment in Ann Arbor, the university campus has expanded to include more than 584 major buildings with a combined area of more than 34 million gross square feet (781 acres or 3.16 km²), and has two satellite campuses located in Flint and Dearborn. The University of Michigan is a founding member of the Association of American Universities.
Learn more about University of Michigan
Size
50,000 employees
Industry
Founded
1817

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