Chief Financial Officer

DetailsOpen Date 08/21/2024Requisition Number PRN39630BJob Title Chief Financial OfficerWorking Title Chief Financial OfficerJob Grade EXEFLSA Code AdministrativePatient Sensitive Job Code? NoStandard Hours per Week 40Full Time or Part Time? Full TimeShift DayWork Schedule SummaryVP Area PresidentDepartment 00286 - Budget and AnalysisLocation CampusCity Salt Lake City, UTType of Recruitment External PostingPay Rate Range Commensurate with ExperienceClose Date 11/21/2024Job SummaryFounded in 1850 and located in the bustling urban landscape of Salt Lake City, the University of Utah stands as the state’s flagship institution and the region’s hub of higher education. Also known as “the U,” the University of Utah is a Tier 1 research university and a member of the exclusive Association of American Universities. Home to the state’s only academic medical center, the University of Utah offers world-class patient care, education and biomedical research to the communities it serves. Driven by the goal to become a top 10 public university with unsurpassed societal impact, the University of Utah is committed to making social, economic and cultural contributions that improve the quality of life throughout the state, the nation and the world. The University of Utah is the state’s largest employer with over 7,800 faculty members and over 40,000 full-time and part-time employees. The university educates more than 35,000 graduate, undergraduate and professional students and generated $768 million in research funding in fiscal year 2023.University of Utah seeks a Chief Financial Officer ( CFO ) who provides leadership, oversight and stewardship for all aspects of the University’s financial resources while ensuring absolute institutional integrity on fiscal matters. The CFO is responsible for the fiscal health of the university, formulating the university’s financial strategy and directing and overseeing all financial activities and the budget processes. Reporting to the President, working closely with the Chief Operating Officer ( COO ), Provost, and Senior Vice President ( SVP ) for Health Sciences, and partnering with the senior leadership team, the CFO has direct, positive and long-term impact on the University’s mission, vision and goals (https://strategy.utah.edu/.)ResponsibilitiesThe CFO serves as a strategic advisor to senior leadership and recommends financial objectives, policies, programs and practices that ensure a sound financial structure for the University and is responsible for key finance functions within the University, including long-range financial planning, budget planning, capital financing and investments, to deliver a long-term sustainable economic model that ensures both the viability and vitality of the University.As a key institutional leader, the CFO will encourage bold thinking, bring wise counsel and be attracted to the opportunity to join an organization with a clear, compelling mission. With high EQ and strong analytical and problem-solving skills, they will be committed to the continuous evolution of a first-class finance function, invested in the professional development and growth of their team, and will embrace the opportunity to forge strong, supportive relationships across the university and with the broader “U” community.Minimum QualificationsIdeal candidates will have demonstrated experience and success in the following:Fifteen-plus years of experience in financial leadership roles in large, complex environments, with a thorough understanding of all elements of financial management, including strategy and business planning with exposure to a broad range of financial and risk management principles and practices. Experience working in public higher education highly preferred.A strong strategic orientation, with the ability to serve as a thought partner and advisor to the COO and president, as well as collaborate closely with other leaders on the senior leadership team and members of the board of trustees.Track record of expertise in financial models, financial analysis, performance measures and metrics to understand complex situations, inform decision-making and communicate decisions.A collaborative leader with experience in management roles providing operational leadership and building and developing strong teams, including best-in-class professional development opportunities for staff.Experience or strong knowledge of healthcare organizations and the working integration between a healthcare organization and its higher education counterpart.Knowledge of best-in-class financial processes and technologies that drive efficiency, reduce costs and ensure delivery of reliable, timely and accurate data for reporting purposes.Demonstrated success in roles requiring the ability to communicate clearly, effectively and collegially with many constituencies who contribute to the advancement of a university.Strong academic credentials required, including a preference for an M.B.A. and/or related graduate degree(s) or CPA .PreferencesType Benefited StaffSpecial Instructions SummaryUniversity of Utah is being assisted in this recruitment by Spencer Stuart. Interested parties should submit comments, nominations of others or information in support of their own candidacy to the confidential email address of the Spencer Stuart team: UtahCFO@spencerstuart.com.Additional InformationThe University is a participating employer with Utah Retirement Systems (“URS”). Eligible new hires with prior URS service, may elect to enroll in URS if they make the election before they become eligible for retirement (usually the first day of work). Contact Human Resources at (801) 581-7447 for information. Individuals who previously retired and are receiving monthly retirement benefits from URS are subject to URS’ post-retirement rules and restrictions. Please contact Utah Retirement Systems at (801) 366-7770 or (800) 695-4877 or University Human Resource Management at (801) 581-7447 if you have questions regarding the post-retirement rules.This position may require the successful completion of a criminal background check and/or drug screen.The University of Utah values candidates who have experience working in settings with students and patients from all backgrounds and possess a strong commitment to improving access to higher education and quality healthcare for historically underrepresented students and patients.All qualified individuals are strongly encouraged to apply. Veterans’ preference is extended to qualified applicants, upon request and consistent with University policy and Utah state law. Upon request, reasonable accommodations in the application process will be provided to individuals with disabilities.The University of Utah is an Affirmative Action/Equal Opportunity employer and does not discriminate based upon race, ethnicity, color, religion, national origin, age, disability, sex, sexual orientation, gender, gender identity, gender expression, pregnancy, pregnancy-related conditions, genetic information, or protected veteran’s status. The University does not discriminate on the basis of sex in the education program or activity that it operates, as required by Title IX and 34 CFR part 106. The requirement not to discriminate in education programs or activities extends to admission and employment. Inquiries about the application of Title IX and its regulations may be referred to the Title IX Coordinator, to the Department of Education, Office for Civil Rights, or both.To request a reasonable accommodation for a disability or if you or someone you know has experienced discrimination or sexual misconduct including sexual harassment, you may contact the Director/Title IX Coordinator in the Office of Equal Opportunity and Affirmative Action ( OEO /AA). More information, including the Director/Title IX Coordinator’s office address, electronic mail address, and telephone number can be located at: https://www.utah.edu/nondiscrimination/Online reports may be submitted at oeo.utah.eduhttps://safety.utah.edu/safetyreport This report includes statistics about criminal offenses, hate crimes, arrests and referrals for disciplinary action, and Violence Against Women Act offenses. They also provide information about safety and security-related services offered by the University of Utah. A paper copy can be obtained by request at the Department of Public Safety located at 1658 East 500 South.