University of Michigan

Senior Director, Finance and Business Operations

University of Michigan$125K — $150K *
Healthcare
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Master's Degree in Business or Health Administration required.
  • 5-10 years of progressive administrative experience in healthcare necessary.
  • Expertise in accounting essential, with finance background preferred.
  • Experience in financial management of Nursing Services desirable.
  • Strong interpersonal skills and discretion required.
  • Proficient problem-solving and conflict resolution abilities needed.
  • Excellent oral and written communication skills necessary.

Responsibilities

  • Develop and manage financial and business operations for Nursing Services and related units.
  • Oversee operating budget preparation and maintain budgetary compliance.
  • Monitor business operations through reports and analysis.
  • Prepare financial and administrative reports with full accountability for interpretation.
  • Coordinate major acquisition proposals for business units.
  • Foster collaboration for process improvements in clinical care delivery.
  • Represent leadership in institutional committees and negotiations.

Benefits

  • Excellent medical, dental, and vision coverage effective on day one.
  • 2:1 match on retirement savings.
Full Job Description
Job Summary

Purpose of Position

To manage the administrative and financial activities of a major academic, research and/or patient care unit with general authority to approve business transactions and administrative policies and procedures.

Organizational Relationships

Reports directly to the Michigan Medicine, Chief Nurse and Operations Executive.

Direction is received from the Chief Nurse and Operations Executive. The Director of Finance and Business Operations works with the Chief Nursing Officers to formulate financial frameworks and administrative policies, as well as, educate and consult with Associate Chief Nursing Officers, Departmental Administrative Directors and Nursing Senior Directors, Clinical Nursing Directors and staff to effectively administer policies and procedures.

Collaborates with Michigan Medicine Senior Leadership, Segment Triads, Associate Chief Financial Officers, Clinical Nursing Directors, Departmental Directors, and Staff, Central Finance, Purchasing and clinical and hospital departments to address financial and facilities issues and other improvement opportunities.

Supervision is exercised over the Nursing Business Office.

Responsibilities*

Management Responsibilities
  • Work with the Chief Nurse and Operations Executive to develop, manage and oversee the financial and business operations of the Nursing Services, Care, Respiratory Care and Social Work business units.
  • Manage and oversee the preparation of the operating budget for the units referenced above, and build team consensus regarding controls to operate within budgetary constraints.
  • Monitor business operations through review of periodic and special reports.
  • Manage the preparation of financial and administrative reports with full responsibility for policy interpretation and statistical analyses.
  • Oversee, in a coordinating and consultative capacity, the business and support services of Nursing Services and areas reporting to the Chief Nurse and Operations Executive.
  • Oversee and coordinate the preparation of major acquisition or program proposals for business units reporting to the Chief Nurse and Operations Executive.
  • Foster collaboration between Nursing Services, Care Management, Respiratory Care, and Social Work to identify and implement business process improvements to improve system-wide throughput and clinical care.
  • Participate with executive, administrative and/or clinical leadership in the planning and implementation of strategic initiatives, policy sessions, operations research/evaluations and/or other service activities that have institutional impact.
  • Coordinate the acquisition and allocation of capital equipment for Nursing Services, Care Management, Respiratory Care and Social Work with Segment Leadership.
  • Develop and implement administrative policies and procedures for Nursing Services.
  • Represent Chief Nurse and Operations Executive on institutional committees such as the Space Committee and Hospital Clinical Capital.
  • Prepare costing estimates and serve as a consultant during MNA labor negotiations.
  • Oversee the annual Internal Controls and space programs set out by the Institution.
  • Represent the business units detailed above to administrators and others with general authority to make commitments on administrative/financial policies and procedures.
  • Review and recommend staffing models for departments.
  • Recommend commodity budget allocation and expenditures.
  • Advise management regarding unit finances, reports and other business activities.
  • Collaborate with operational leadership for employee conflicts and grievances.
  • Effectively meet the institutional goals and objectives and meets all timelines for reporting.
  • Educate Michigan Medicine Nursing Leadership and staff on related financial processes and practices.
  • Effectively demonstrate all leadership competencies required by Michigan Medicine.
  • Effectively manage the financial office to ensure compliance with all University and regulatory agency requirements.
  • Demonstrate behaviors compliant with Michigan Medicine values, goals, policies and procedures and affirmative action policies.

Professional Development
  • Actively participates in the performance planning, competency, and individual development planning process.
  • Attends relevant competency training, staff development in services and conferences to maintain and improve knowledge base, competency and skills.
  • Keeps records and documented evidence of attendance.

Required Qualifications*

Education:
  • Master's Degree in Business/Health Administration or equivalent is necessary.

Experience:
  • At least 5-10 years of progressive administrative experience in health care is necessary.

Skills/Abilities:
  • Demonstrated expertise in accounting is necessary, with a background in finance, preferred.
  • Experience in the financial management of Nursing Services is desirable.
  • Excellent interpersonal skills with the ability to exercise discretion in matters of a confidential and sensitive nature is essential.
  • Excellent problem-solving and conflict resolution skills, as demonstrated by the ability to work effectively with individuals and/or teams, across disciplines, is essential.
  • Excellent communication skills, as demonstrated in oral and written forms is necessary.
  • Working knowledge of University and departmental policies, rules and regulations is desirable.
  • Some knowledge of the principles and applications of information technology is desirable.
  • Knowledge of Michigan Medicine Clinical Enterprise structure and Capital processes is desirable.

Note: Required qualifications must be met by the candidate in order to be interviewed and considered for the position.

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

280984

Working Title

Senior Director, Finance and Business Operations

Job Title

Financial Director Hlth

Work Location

Michigan Medicine - Ann Arbor

Ann Arbor, MI

Modes of Work

Hybrid

Full/Part Time

Full-Time

Regular/Temporary

Regular

FLSA Status

Exempt

Organizational Group

Um Hospital

Department

MM Nsg OH CNOE

Posting Begin/End Date

7/30/2026 - 8/13/2026

Career Interest

Finance

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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