Vice President - Budget and Finance/Chief Financial Officer
Utah Valley University Orem, UT Full-time Finance
Posted on March 27, 2023
Vice President - Budget and Finance/Chief Financial Officer
Salary: Depends on Qualifications
Job Type: Executives
Job Number: FY2300445
Location: 800 W University Parkway, Orem
Division: VP Planning/Budget & Finance
Students learn best when they've found their place, and that's what we've created at UVU. As an open-admissions institution, we offer students flexibility in earning everything from certificates to master's degrees. Our faculty and staff enable our more than 43,000 students to achieve their highest potential, creating a place of inclusivity and excellence. If you'd like to be part of this vision, UVU is a place for you.
UVU is currently seeking a Vice President for Budget & Finance/Chief Financial Officer (VPBF/CFO) who reports directly to the President of the University and is a member of the President's Cabinet and other senior leadership councils. The VPBF/CFO serves as the Chief Financial Officer and works closely with university leadership in strategically, operationally, and sustainably advancing the university's mission, values, and vision. The VPBF works very closely with the Provost and Associate Provost on matters related to university planning and institutional effectiveness, reporting regularly to the President on these issues. They will provide executive leadership for the university's financial planning, accounting, reporting, analysis, operations, and oversight, ensuring fiscal integrity and sustainability and integrated planning, budget, and assessment (PBA) process. Functional areas reporting directly to the VPBF/CFO include Budget Office, Internal Audit, and Business and Finance Services including Controller, Accounting, Procurement, Dining Services, Campus Store, and Printing Services.
Summary of Responsibilities
- Advise the President, senior University leaders, members of the Board of Trustees, Utah System of Higher Education (USHE) staff, and members of the Utah Board of Higher Education (UBHE) on issues relating to the financial operations and fiscal health of the university. Oversee the preparation of the annual appropriated budget request and the University's annual operating budget to USHE, UBHE, and the State of Utah; oversee reporting and analysis of the university's budget and finances including information required by the Trustees, UBHE, USHE, Governor's Office, and Legislature. Direct, develop, and analyze budget and financial information to support decision-making including revenue/expenditure projections and variances, tuition and fee schedules, and compensation increases.
- Promote the financial health of the University through fiscal discipline, financial accountability, prudent investment and management of financial resources, debt management, financial strategy and prioritization, budget management, financial analysis, adherence to generally accepted accounting principles, internal controls, accurate and timely reporting, and compliance with university and UBHE policies and state and federal laws and regulations. Develop and implement short and long-term financial strategies and revenue/expenditure models to support student success and university growth. Ensure financial and business policies, processes and services are developed and executed to advance the strategic mission of the University in accordance with federal, state and University guidelines. Provide administrative oversight of the Internal Audit Office.
- Direct, evaluate, and improve UVU's Planning, Budget, and Assessment (PBA) process to connect the resource allocation decision-making process with university and divisional assessment, plans, priorities, and initiatives. Participate in institutional planning (long and short range) efforts and processes including the work of the University Planning Advisory Committee. Foster a culture of assessment, alignment of initiatives with mission, and continuous improvement. Implement strategies and processes to ensure access to accurate, timely, and understandable institutional financial and related data to support planning, operations, assessment, decision-making, and resource allocations.
- Model behavior that reflects the highest ethical and professional standards. Exemplify best practices in people management, service, and effective communication. Oversee and engage direct reports and departments within the division providing guidance toward optimal performance and constructive feedback. Facilitate the development, implementation, and assessment of the division's strategic goals and objectives. Identify innovative approaches to achieving these strategic goals. Foster collaboration within the university and with external stakeholders to accomplish strategic priorities.
- Master's Degree in finance, accounting, higher education leadership or related field; At least 10 years of experience in a higher education or related field including 10+ years of leadership.
- Understanding of both GASB and GAAP/private sector experience
- CPA or CFA desirable
Knowledge, Skill, and Abilities
- Significant expertise in current financial methodology and regulations, experience in or knowledge of GASB accounting including fund accounting, compliance, and reporting. Knowledge of methods of allocation of scarce resources and revenue enhancement models. Knowledge of assessment and institutional effectiveness practices, processes, and systems. Understanding of complex resource, information, and accounting systems.
- Exemplary interpersonal, organizational, and written and oral communication skills. Skills in strategic thinking, policy development, auditing, and compliance processes and analysis. Strong leadership and effective management skills to lead diverse departments. Effective analytical, problem-solving and decision-making skills.
- Demonstrated leadership in managing finance operations and related functions in a complex organization. Ability to lead planning, budgeting, and assessment activities at the organizational level, preferably in higher education. Ability to analyze varied courses of action and actively partner with senior leadership in long-range planning initiatives. Ability to establish and maintain effective working relationships across the university community. Ability to make independent judgments and take appropriate actions. Demonstrated ability to create and support a workplace committed to collaboration, teamwork, diversity, equity, and inclusion.
To apply, please visit https://www.schooljobs.com/careers/uvu/jobs/3887320/vice-president-budget-and-finance-chief-financial-officer
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