What are the responsibilities and job description for the Director of Finance & Accounting, College of Nursing position at University of Illinois Hospital?
Position Summary:
This position is responsible for the overall financial management of the College of Nursing, ensuring efficient and effective financial and business operations. This role oversees budgeting, forecasting, strategic financial planning, and program analysis while ensuring compliance with university, state, and regulatory requirements. This position will lead a team of finance and accounting professionals and is accountable for reviewing and approving all revenues and expenditures within the College. The position provides financial guidance and support to internal units and serves as the primary liaison to the University's central business offices on financial operations matters.
Duties & Responsibilities:
- Develop, establish, and enforce policies and procedures to manage financial operations across the College of Nursing. Ensure the proper operational controls, administration and reporting procedures, and resource allocation systems are in place to operate most effectively and position the College for financial sustainability.
- Direct the College’s annual budget process. Implement planning parameters, prepare annual budgets for all units, and monitor performance to those budgets.
- Forecast annual revenues from all sources (e.g., tuition from education programs, ICR from research programs, patient care revenue from clinical operations, self-supporting activities) and advise the Associate Dean for Administration and College-leadership with short-term and long-term fiscal planning.
- Develop and prepare financial reports for college leadership (Dean, Associate Deans, Department Heads) and external stakeholders. Interpret financial data to college leadership and staff.
- Facilitate and conduct appropriate training for financial staff. Participate in the recruitment and annual performance evaluation process for financial staff across the College.
- Provide high level oversight for transactions flowing through individual departments and campuses. Analyze expenditures and budget variances and initiative corrective action plans when applicable.
- Create and develop financial proforma templates, budgets, and cost analyses for new academic programs, clinical practice initiatives, self-supporting and revenue generating activities.
- Ensure college-wide compliance with State, University, campus, and College financial policies and requirements.
- Provide technical expertise and leadership in designing and developing strategies for the effective collection and dissemination of college financial information.
- Hire, train, develop, and manage finance and post-award staff to ensure a qualified team is in place to meet departmental objectives under a shared services model.
- Perform other related duties and participate in special projects as assigned.