Overview
Job Location:
Miami, FL
Current Employees:
If you are a current Staff, Faculty or Temporary employee at the University of Miami, please click here to log in to Workday to use the internal application process. To learn how to apply for a faculty or staff position using the Career worklet, please review this tip sheet.
The University of Miami is currently seeking a Senior Manager, Finance to work at Soffer Clinical Research Center in Miami. The incumbent leads and supports the organization’s financial activities such as forecasting, budgeting, strategic planning, and treasury with the goal of enhancing profitability and cash flow management. Further, the Senior Manager, Finance oversees department staff to ensure that activities are always compliant with applicable rules and regulations.
Core Job Functions
- Establishes or recommends to management objectives and policies for the University.
- Directs preparation of budgets, reviews budget proposals, and prepares necessary supporting documentation and justification.
- Prepares various management reports on financial performance and explains and communicates key variance drivers and insights to appropriate managing staff.
- Provides key financial support and analysis on an ad-hoc basis to help drive and improve business performance.
- Compiles and analyzes data and prepares balance sheets and profit and loss statements.
- Formulates reports to summarize and forecast organization’s business activity and financial position in areas of income, expenses, and earnings based on past, present, and expected operations.
- Identifies potential financial risks and areas of opportunity.
- Prepares and coordinates for audits of department’s accounts.
- Cultivates and maintains relationships with banks and other external financial institutions to facilitate job functions.
- Establishes and continuously assesses the effectiveness of the internal controls within the unit and compliance with University policies and procedures.
- Ensures employees are trained on controls within the function and on University policy and procedures.
Department Specific Functions
- Provide accurate and timely management and decision-making information; highlighting improvement initiatives and action plans for assigned departments.
- Participate and contribute on the design and development of business initiatives to include key performance indicators and benchmarks linking performance to strategy. Make recommendations in strategic long range and tactical planning by providing financial analyses and business evaluation reports and information.
- Conduct department fiscal analysis by preparing and reviewing the monthly and quarterly financial reports, creating forecasts for each department, and generating relevant commentaries of key variances to budget, highlighting risks and opportunities to achieving goals and impact upon operations.
- Prepare detailed budgets and operational forecasts for all level of activities conducted by the departments while meeting University guidelines and deadlines.
- Develop, prepare and present summarized monthly departmental performance report with key indicators (financial and non-financial) including reconciliations, faculty productivity reports, clinical and research activity analysis.
- Develop financial metrics and monitor faculty performance to make recommendations regarding compensation plans and potential areas for increased revenue.
- Contribute to the development of growth opportunities, studying economic trends, competitive analysis, market share and business case development including scenario planning
- Work with department administrators and Chairs, Planning and Analysis to support the development and management of Chair packages, analyzing the impact of new recruits, acquisitions, etc.
- Develop management and budgetary controls including forecasts and business plans to analyze and generate potential growth and profitability.
- Assist departments with performing economic evaluation of new programs and capital equipment purchases by preparing prepare budgets, financial plans, financial analysis and business case evaluation highlighting value for money and affordability issues.
- Ensure proper month end and financial year-end closing process necessitated from the activities highlighted above.
- Review and audit all departmental accounts, sponsored and non-sponsored; perform operational audits and maintenance of operational expenses to include network, telecom, duplication, lease equipment, service agreements, freight charges, and take necessary corrective actions.
- Maintain and enforce all internal controls, financial policies and procedures in compliance with UHealth policies. Liaison with Internal Audit. Responsible for department financial audits and internal cash control.
- Develop AOA fiscal, certification reports and monthly invoicing and paperwork required for service agreements.
- Initiate and process all departmental non-salary charges journals as necessary to include but not limited to Federal Express charges, monthly lines & set, monthly voice mail, DVR charges, IRB charges, space, interdepartmental transfers, etc.
- Allocate salary effort of all department employees (staff & faculty) per plan and adjust as needed for sponsored and non-sponsored accounts.
- Approve all financial Workday transactions, Ariba (E-BERFs, E-Checks, POs), paper documents such as (BERFs, IDRs, Physical Plant work orders, Telecommunications work orders, etc) ensuring accurate cost centers, sub object codes and funding availability.
- Complete and process all financial information for new faculty (Sources & Uses) and staff hires.
- Develop and process monthly productivity reports (including clinical charges, clinical revenue, patient volume and wRVUs) for each clinical faculty and paid voluntary faculty by fiscal year.
- Prepare, review and submit faculty compensation payments and salary changes including but not limited to on-call payments, compensation plan incentives, paid voluntary faculty payments and annual incentives and completely enter/approve related financial Workday transactions.
- Provide centralized research office contacts (central, other departments and Sylvester) faculty/salary information, account numbers and adjustments aligned with budgeted allocations.
- Determine the internal departmental and faculty allocation for funds received for observers and/or students rotating through the department’s education programs.
- Responsible for annual equipment and space certification for department
- Conduct fiscal analysis, ad-hoc investigation and reviews as directed by department leadership.
This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities as necessary.
CORE QUALIFICATIONS
Education:
Bachelor’s degree in relevant field
Certification and Licensing:
Not Applicable
Experience:
Minimum 7 years of relevant experience
#Li-FA1
The University of Miami offers competitive salaries and a comprehensive benefits package including medical, dental, tuition remission and more.
UHealth-University of Miami Health System, South Florida’s only university-based health system, provides leading-edge patient care powered by the ground breaking research and medical education at the Miller School of Medicine. As an academic medical center, we are proud to serve South Florida, Latin America and the Caribbean. Our physicians represent more than 100 specialties and sub-specialties, and have more than one million patient encounters each year. Our tradition of excellence has earned worldwide recognition for outstanding teaching, research and patient care. We’re the challenge you’ve been looking for.
Patient safety is a top priority. As a result, during the Influenza (“the flu”) season (September through April), the University Of Miami Miller School Of Medicine requires all employees who provide ongoing services to patients, work in a location (all Hospitals and clinics) where patient care is provided, or work in patient care or clinical care areas, to have an annual influenza vaccination. Failure to meet this requirement will result in rescinding or termination of employment.
The University of Miami is an Equal Opportunity Employer – Females/Minorities/Protected Veterans/Individuals with Disabilities are encouraged to apply. Applicants and employees are protected from discrimination based on certain categories protected by Federal law. Click here for additional information.
Job Status:
Full time
Employee Type:
Staff
Pay Grade:
c107