University of Texas System
Vice President, Finance, University Lands
University of Texas System, Houston, Texas, United States, 77246
Earliest Start DateImmediatelySalarySalary commensurate with experienceHours per Week40.00 Standard from 8:00 AM to 5:00 PMHiring DepartmentUniversity LandsRequired Application MaterialsA resume and letter of interest is required to apply. Candidates under final consideration will also be required to submit professional references, college degree information, and employment history to an online third-party vendor.About UsFor more than 140 years, The University of Texas System has improved the lives of Texans - and people all over the world - through education, health care, and research. The System consists of nine academic institutions, five health institutions, and The University of Texas System Administration. The institutions of the UT System employ more than 116,000 faculty, health care professionals, researchers, support staff, and student workers. The UT System Administration is primarily based in Austin, Texas. It supports the missions of the System's fourteen institutions by providing financial, legal, planning, purchasing, government relations, communications, development, and other central services. Serving a growing state, the UT System Administration strives to provide a welcoming, supportive work environment that embraces different perspectives.Purpose of PositionThe Vice President is a senior leader that fosters continued improvement for all financial functions, including financial reporting, accounting, revenue management, budget and planning, audit, and accounts payable. Additionally, as a member of the leadership team, this individual will play an integral role in the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to maximize PUF resources and report accurate financial results.Essential Functions
Direct the development of the organization's overall financial policies and reporting formats and timelineOversee annual and long-term strategic planning and budgeting processesDirect the development of the organization's internal audit policies and structure, including look-backs and post auditsExtensive financial analysis and valuation modeling of proposed transactions. Responsible for planning and directing the design, development, and implementation of financial modelsProvide board-level materials and present financial reporting, as neededDevelop financial performance measures (key performance indicators) that support University Lands' strategic directionLead and mentor existing management team in continuous improvement initiativesPerform repeated and timely high-level budget-to-actual analysisAccountable for external auditing strategy and implementation with third party auditors and internal teamsReview and approve all internal and external audit requests, reports, and responsesSupervise commercial due diligence and participate in the negotiation process(es)Work directly with commercial, engineering, legal, and other key internal teams throughout transaction/project life cycleConduct research to support the development of investment strategies and to identify transaction/project opportunities. Contribute expertise to strategic business plansSpecial projects as requested by senior leadershipKnowledge, Skills & Abilities
Leadership and sense of urgency; ability to drive positive results in a complex environmentAbility to think and operate beyond standard scope of responsibility to take on new tasksStrong quantitative and analytical skills. Data-driven, disciplined, objective and detail-orientedAbility to communicate openly and effectively with all levels of internal and external stakeholdersCapability to enhance the growth of team members and optimize productivity through mentorship, targeted training, and stimulating challengesPosition requires extensive interaction with external clients - ranging from small operators to Fortune 500 companiesProven decision-making skills and good business and professional judgmentAbility to operate in a dynamic, fast paced environment while providing oversight, training, and guidanceExcellent Excel financial modeling and PowerPoint presentation abilitiesRequired Qualifications
Bachelor's degree in accounting, finance, business, or closely related field from an accredited institutionMinimum of 10 years of financial management, financial planning and analysis, revenue management or other relevant experience in the Oil and Gas industryMust have demonstrated experience in planning, reporting, and analyticsPreferred Qualifications
Supervisory experience preferredWorking knowledge of University Lands' business practicesAdvanced degree preferred (MBA, masters)CPA preferredExperience working with executive leadershipExperience preparing board-level materialsKnowledge of Texas Railroad Commission Rules and RegulationsWorking Conditions
May work around standard office conditionsUses standard office equipmentRequires occasional evening or weekend hoursAdditional InformationThe standard retirement plan for this position is Teacher Retirement System of Texas (TRS), subject to the position being at least 20 hours per week and at least 135 days in length. However, the incumbent of this position may elect the Optional Retirement Program (ORP) subject to the position being 40 hours per week and at least 135 days in length. A background check will be conducted on applicants under final consideration. The background check may include any or all of the following: criminal history check, prior employment verification, education verification, professional references check, and motor vehicle records check. Background checks are conducted by third-party vendors. Upon request from the third-party vendor, candidates under final consideration must provide the required information for the background checks to be completed.EO/AA StatementThe University of Texas System Administration is a federal contractor committed to providing equal employment opportunity for all qualified applicants and employees in all terms and conditions of employment. U. T. System will provide equal employment opportunity to all qualified persons and will not discriminate on the basis of race, color, sex, sexual orientation, gender identity/expression, pregnancy, religion, national origin, age, disability, genetic information, protected veteran status, or any other characteristic protected by federal or state laws. For information on accommodations for individuals with disabilities, please contact the Office of Talent and Innovation at oti@utsystem.edu.
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Direct the development of the organization's overall financial policies and reporting formats and timelineOversee annual and long-term strategic planning and budgeting processesDirect the development of the organization's internal audit policies and structure, including look-backs and post auditsExtensive financial analysis and valuation modeling of proposed transactions. Responsible for planning and directing the design, development, and implementation of financial modelsProvide board-level materials and present financial reporting, as neededDevelop financial performance measures (key performance indicators) that support University Lands' strategic directionLead and mentor existing management team in continuous improvement initiativesPerform repeated and timely high-level budget-to-actual analysisAccountable for external auditing strategy and implementation with third party auditors and internal teamsReview and approve all internal and external audit requests, reports, and responsesSupervise commercial due diligence and participate in the negotiation process(es)Work directly with commercial, engineering, legal, and other key internal teams throughout transaction/project life cycleConduct research to support the development of investment strategies and to identify transaction/project opportunities. Contribute expertise to strategic business plansSpecial projects as requested by senior leadershipKnowledge, Skills & Abilities
Leadership and sense of urgency; ability to drive positive results in a complex environmentAbility to think and operate beyond standard scope of responsibility to take on new tasksStrong quantitative and analytical skills. Data-driven, disciplined, objective and detail-orientedAbility to communicate openly and effectively with all levels of internal and external stakeholdersCapability to enhance the growth of team members and optimize productivity through mentorship, targeted training, and stimulating challengesPosition requires extensive interaction with external clients - ranging from small operators to Fortune 500 companiesProven decision-making skills and good business and professional judgmentAbility to operate in a dynamic, fast paced environment while providing oversight, training, and guidanceExcellent Excel financial modeling and PowerPoint presentation abilitiesRequired Qualifications
Bachelor's degree in accounting, finance, business, or closely related field from an accredited institutionMinimum of 10 years of financial management, financial planning and analysis, revenue management or other relevant experience in the Oil and Gas industryMust have demonstrated experience in planning, reporting, and analyticsPreferred Qualifications
Supervisory experience preferredWorking knowledge of University Lands' business practicesAdvanced degree preferred (MBA, masters)CPA preferredExperience working with executive leadershipExperience preparing board-level materialsKnowledge of Texas Railroad Commission Rules and RegulationsWorking Conditions
May work around standard office conditionsUses standard office equipmentRequires occasional evening or weekend hoursAdditional InformationThe standard retirement plan for this position is Teacher Retirement System of Texas (TRS), subject to the position being at least 20 hours per week and at least 135 days in length. However, the incumbent of this position may elect the Optional Retirement Program (ORP) subject to the position being 40 hours per week and at least 135 days in length. A background check will be conducted on applicants under final consideration. The background check may include any or all of the following: criminal history check, prior employment verification, education verification, professional references check, and motor vehicle records check. Background checks are conducted by third-party vendors. Upon request from the third-party vendor, candidates under final consideration must provide the required information for the background checks to be completed.EO/AA StatementThe University of Texas System Administration is a federal contractor committed to providing equal employment opportunity for all qualified applicants and employees in all terms and conditions of employment. U. T. System will provide equal employment opportunity to all qualified persons and will not discriminate on the basis of race, color, sex, sexual orientation, gender identity/expression, pregnancy, religion, national origin, age, disability, genetic information, protected veteran status, or any other characteristic protected by federal or state laws. For information on accommodations for individuals with disabilities, please contact the Office of Talent and Innovation at oti@utsystem.edu.
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