Director of Finance
Company: National University of Natural Medicine
Location: Portland
Posted on: October 16, 2024
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Job Description:
POSITION DESCRIPTION This position is responsible for
collaborative financial management leadership for the University
and ensures its short and long-term fiscal health. The CFO provides
expert guidance and oversight to maintain and enhance the
University's fiscal stability. They partner with budget holders
across the University to develop, implement, and monitor their
budgets, ensuring alignment with the University's strategic goals.
This position oversees the business and billing offices. This
position offers a collaborative and supportive environment
dedicated to the University's mission and strategic plan, and the
opportunity to make a significant impact on the financial
sustainability and growth of our institution. ESSENTIAL DUTIES AND
RESPONSIBILITIES Financial and Strategic Planning Duties
Responsible for the establishment and maintenance of effective
fiscal management systems, policies and procedures, including
fiscal strategic planning; debt strategic planning; fiscal
processing; financial statement design and preparation; contract
compliance and reporting; and other fiscal functions as deemed
necessary. Assures information is accurate and available in a
timely manner for the regular audits and preparation of tax
returns. Prepares and maintains long-term financial forecasts for
all of the University's funds. Monitors both short and long-term
internal and external financial and operational developments to
ensure that forecasts are current and accurate. Contributes to the
University meeting its strategic objectives by assisting managers
in conducting financial analyses of current and proposed
activities. Conduct financial analyses for management; oversee
analyses conducted by Finance & Accounting staff. Create and
maintain a customer service culture for assigned areas and for
managers in terms of financial reporting and judicious budget
management. In conjunction with other senior leadership, manage
budget signoff processes on all positions, monitor and approve
salary allocations predicated on proper HR practices. Provide short
and long-term planning for the University and finance department.
Responsible for developing a 3 - 5-year strategic plan/s including
long-term goals and a specific, measurable plan for implementation
within planned budget guidelines and provisions, as approved by the
President or the Board of Directors. Budget Preparation Duties
Oversee preparation of the annual budget whereby organizational
needs are identified, consensus on priorities is obtained, and this
consensus is translated into a financial plan and accounting
information useful to management. Lead the development of
procedures that integrate business or strategic planning, annual
budget preparation and long-term financial forecasting. Assure
completion of all necessary accounting and forecasting activities
necessary for management and strategic issues/planning.
Continuously monitor and analyze external factors, including
economic trends, policy changes, and developments in higher
education, to ensure that the budgeting process reflects the most
current and relevant information. Monitor enrollment analysis
quarterly coupled with projection analysis for existing and new
programming. Accounting and Debt Management Duties Monitor the
University's financial condition and oversee preparation of the
monthly financial statements. Report the financial condition of the
University to the President and the Finance and Administrative
Committee of the Board on a monthly basis or more frequently if
necessary. Ensure the timely and accurate preparation of all
financial reports and records. Ensure that grant funds are expended
in compliance with grant guidelines and timelines. Ensure
professional, timely, accurate student and patient financial
policies with respect to collection practices for tuition, patient
care fees and related revenue. Responsible for University tax
filings, audit arrangements and compliance to standards. Manage
government (DOE; DHHS) relationships in terms of work study
drawdowns. Monitor and analyze cash flow; oversees investment
activities to ensure appropriate supply of cash and highest
possible yield on idle funds while complying with statutory
limitations on types of investments. Maintain excellent
relationships with the University's bank officials and in that
capacity advocate for the University with rating agencies to ensure
the highest possible rating for the University. Negotiate debt
agreements and coordinates debt issuance with external financial
advisors, bond counsel, etc. Ensure the timely collection of all
accounts receivable. Negotiate lines of credit as required, invests
excess cash efficiently, and manages the University's credit cards.
Risk Management and Legal Audit Duties Retain and monitor
appropriate insurance broker relationships for the University for
General Liability and Professional Liability. Manage the
University's relationship with its legal firm and attorneys and
maintain an active and strong liaison with the University's
auditing firm. Fund Raising and Public and Intergovernmental
Relations Duties Maintain positive and productive relationships
with federal, state and local officials who interface with
University financial activities. Support the University's Office of
Advancement and general fundraising and development efforts in
terms of gift accounting, compliance with 501(c) (3) regulations
and guidelines with regard to donations of cash, in-kind gifts,
stock transfers, bequests and related contributions to the
University. Supports and contributes to University-wide management
initiatives Monitor, analyze and continuously refine asset and
inventory management strategies and systems. Committee Duties
Member of the NUNM Board Finance and Administrative Affairs
Committee [FAAC]. Participate as a member of IT Governance,
Institutional Assessment Committee, and member of the senior
executive cluster provides administrative and strategic support for
the Board of Directors. Supervisory Duties This position supervises
members of the billing and business departments. Works closely with
the human resources/payroll department. Scope of supervision
includes employees. Carry out supervisory responsibilities in
accordance with the organization's policies and applicable laws.
Responsibilities may include interviewing, hiring, and training
employees; planning, assigning, and directing work; appraising
performance; rewarding and disciplining employees; addressing
complaints and resolving problems. Plan and provide education and
development opportunities for departmental staff.
EDUCATION/EXPERIENCE Master's degree required, MBA preferred with a
professional designation such as CPA or CMA; 5 years experience in
financial management, accounting, budgetary management; higher
education experience preferred; (3 years of supervisory experience)
or equivalent combination of education and/or experience.
QUALIFICATIONS To perform this job successfully, an individual must
be able to perform each essential duty satisfactorily. The
requirements listed below are representative of the knowledge,
skill, and/or ability required. Reasonable accommodations may be
made to enable individuals with disabilities to perform the
essential functions. Extensive background in financial management,
including the areas of budgeting, financial forecasting/planning,
financial analysis, as well as depth of experience in investments,
cash management, and debt management. Possess a strategic
orientation and a "big picture" perspective. Prior successful
supervisory experience encompassing hiring, developing, and
motivating others. Experience working effectively with a governing
board and external organizations (e.g. banks, auditors, etc.).
Ability to define financial issues and develop and articulate
solutions to colleagues, the President, and to the Board of
Directors. Demonstrated success in providing managers with the
necessary data for effective and timely decision making, performing
financial analyses for projects relating to new program
initiatives, location site viability, and investment strategies.
Ability to effectively interact with professional colleagues, both
inside and outside the University, as well as with members of civic
organizations and volunteer boards, donors, and representatives of
other University constituencies. Ability to function effectively as
a team player working closely with the President of NUNM, other
senior executives of the University, board members, faculty, and
support staff. Effective organizational skills required including a
demonstrated ability to accomplish both broad, visionary
assignments as well as complex, detailed projects on a timely
basis. Strong conceptual, creative, and problem-solving skills.
Ability to efficiently organize and manage large amounts of data,
information, records; attention to detail; and well organized. PAY
AND BENEFITS $108,160 - $112,320 per year Base Wage Retirement
Savings Plan Dental insurance Medical insurance Health savings and
flexible spending accounts Paid time off Vision insurance
Short-term and long-term disability Life insurance Tuition
assistance 16 paid holidays including birthday 25% discount at NUNM
Medicinary This position will be based at our campus in Portland,
Oregon. Employment Type: Full Time Years Experience: 5 - 10 years
Salary: $108,160 - $112,320 Annual Bonus/Commission: No
Keywords: National University of Natural Medicine, Aloha , Director of Finance, Executive , Portland, Oregon
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