Financial Controller

Updated: about 1 month ago
Location: Kansas City, KANSAS
Deadline:

Posting Details


Position Information

Working Title Financial Controller
Classification Title Associate Vice Chancellor
Position Number 01203043
Hours Per Week 40
Department Assoc Vice Chancellor Admin
Campus Location Kansas City Metro
Student Position No
Position Summary

The University of Kansas Medical Center (“KUMC”) serves Kansas through excellence in education, research, patient care and community engagement. Its main campus in Kansas City, Kansas consists of the University of Kansas School of Medicine, School of Nursing and the School of Health Professions, as well as the University of Kansas Hospital, which is tightly linked with KUMC on the Kansas City campus though it is a separate entity. The School of Medicine – the only medical school in Kansas – also has campuses in Wichita and Salina.

KU Medical Center actively seeks to advance the health sciences through world-class research programs. KUMC is home to The University of Kansas Cancer Center, a National Cancer Institute-designated cancer center, which is one of only 69 NCI-designated centers in the country, as well as one of the 31 National Institutes of Health-designated Alzheimer’s Disease Centers. It is also one of 62 institutions in the national Clinical and Translational Science Award consortium, where researchers are working to speed up basic-science discoveries into cures and treatments. KUMC is one of only approximately 21 universities in the U.S. with all three of these prestigious national designations.

KU Medical Center’s roughly 4,000 faculty and staff support approximately 3,500 students in the School of Medicine (2,000+), School of Nursing (670+), School of Health Professions (650+) and interdisciplinary programs. KU Medical Center has a long-standing reputation for compassionate and state-of-the-art patient care in an academic medical center environment. KUMC faculty physicians constitute the medical staff of The University of Kansas Hospital and provide inpatient and ambulatory care to KU Hospital and its clinics through the University of Kansas Physicians physician practice group.

KUMC works with communities to improve the health of Kansans, the region and the world by strengthening the healthcare workforce through education and recruitment; providing opportunities for students to gain experience in rural and underserved populations; conducting community based research and finding solutions to critical health issues and increasing access to health care for vulnerable populations.

Without question, this position provides an opportunity for a mission-driven accounting/finance leader to play a critical role in educating the next generation of healthcare professionals and advancing scientific and clinical research for a healthier future.

The Associate Vice Chancellor, Financial Controller (“Controller”) will report to the Vice Chancellor for Finance & CFO and is responsible for providing accounting and finance leadership for the University of Kansas Medical Center and its component business units. This includes directly managing and setting the strategic direction and operational execution of the accounting, budget and payroll departments, and identifying and implementing opportunities to operate in a more efficient and customer-centric manner. The Controller will directly manage a Director of Accounting and Financial Reporting, Director of Budget and Director of Payroll and oversee a total team of approximately 25 individuals. Peers to this position, with whom the Controller will work closely, include the Associate Vice Chancellor, Financial Planning and the Associate Vice Chancellor, Supply Chain.

KUMC’s $400+ million annual budget is derived from a variety of sources including tuition, state funding, grants, donations and other revenue streams. Thus, it is important for the Controller to develop the people, processes and technology necessary to meet and exceed the needs of the department’s internal and external customers in a complex fund accounting environment. Key deliverables include proactive leadership and accurate, timely, compliant and insightful financial reporting, budget and payroll processes.

Required Qualifications
  • Extensive leadership experience over accounting and finance functions in a large, complex organization.
  • A Baccalaureate degree plus ten or more years of progressively responsible work experience in finance / accounting / controller positions.
  • Proficient use of relevant personal computer software applications and ability to interface with complex financial accounting, procurement and administrative information systems.
  • Strong leadership experience supervising staff and managing finance teams, with demonstrated ability to provide effective leadership, vision, supervision, professional development, and training to ensure individual staff development and achievement of organizational goals, as well as to provide high levels of customer-focused services and continuous improvement in the financial management functions.
  • Strong analytical capabilities.
  • Excellent written and oral communication skills, with demonstrated ability to communicate professionally and effectively with a variety of constituents within and external to the University community.
  • Strong interpersonal skills and ability to build effective, collaborative working relationships with a variety of constituents inside and outside the University community.
Preferred Qualifications
  • An active CPA certificate.
  • Prior work experience in a higher education institution, preferably one that performs extensive research, ideally an academic medical center.
  • Breadth of experience with comprehensive financial and human resource systems, ideally having been involved in the implementation of a new such system in a large enterprise.
  • Demonstrated in-depth knowledge of GASB, FASB, GAAP, OMB A-21, and OMB A-133 requirements and their application to a university or research environments.
  • A working knowledge of university administrative and fiscal policies and procedures.
  • Familiarity with the Kansas Board of Regents or other higher education governance processes and procedures.
  • An MBA or other advanced degree in a relevant field.
Environment Office
Physical Requirements Sedentary
Probation Status

Subject to the regulations of the State of Kansas, the Board of Regents and the University of Kansas Medical Center, I understand and agree that I may be subject to a probation period and during the probation period I serve at the pleasure of the Executive Vice Chancellor of KUMC and my employment may be ended at any time during that period.

Hiring Range
EEO Statement

KU Medical Center is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disability status, or genetic information.


Job Duties

Description of Job Duty

Specific responsibilities include but are not limited to:

GENERAL DUTIES

  • Direct and ensure the overall integrity of the financial records and internal control environment of the University of Kansas Medical Center (“University”).
  • Direct advanced accounting work utilizing a centralized accounting system for the University and its component business units.
  • Implement policies and procedures to provide accurate and complete financial data for the University and its component business units.
  • Implement and maintain best practices in internal controls over all financial matters.
  • Maintain current knowledge of GASB, FASB, and other GAAP requirements that affect the University’s financial operations and reporting.
  • Oversee the University’s financial reporting and controls function, ensuring implementation of appropriate practices and procedures for the recording and reporting of financial transactions.
  • Oversee the University’s budget function, including budget policies and practices, and provide recommendations for improvements to the allocation of funds across departments and to key University initiatives.
  • Oversee the University’s payroll function to ensure that bi-weekly payroll processing and associated accounting occurs in an accurate, timely and effective manner.
  • Oversee the University’s student financial accounting function including collection and recording of financial aid disbursements to students as well as payments from students, compliance with government loan program requirements and the appropriate handling of associated accounting transactions.
  • Oversee the University’s billing and accounts receivable function including implementation of effective controls and monitoring of activity.
  • Lead and manage policies and practices related to financial matters with related entities such as University of Kansas Lawrence, Kansas University Endowment Association, KUMC Research Institute, KU Hospital and other affiliated entities.
  • Develop and provide in a timely fashion all financial statements, supplemental statements, bond reports and compliance program financial reports to all appropriate constituents including but not limited to the State of Kansas and the Kansas Board of Regents.
  • Lead development and preparation of timely and accurate financial reports for the University, including the routine delivery of internal management reports.
  • Perform other leadership and financial management activities as requested by the University Chief Financial Officer or other executive leadership.
Job Duties

Description of Job Duty

KEY COLLABORATIVE LEADERSHIP RESPONSIBILITIES

  • Serve as the lead representative for the University on applicable state or other committees.
  • Develop, with assistance and collaboration from other campus finance leaders, University positions related to GASB and FASB accounting and reporting standards.
  • Implement and enhance University financial systems and processes, and coordinate that work with other University leadership and the University of Kansas Lawrence campus as applicable.
  • Direct preparation of University annual financial reports and associated activities related to the annual State of Kansas financial audit.
  • Develop, implement and maintain internal control and financial reporting policies, standards and procedures that ensure the fiscal, payroll and procurement practices comply with University policies, applicable regulations and restrictions, and generally accepted accounting principles.
  • Work collaboratively with the Associate Vice Chancellor of Supply Chain Management to:
    • Ensure University purchasing policies and practices follow generally accepted accounting practices.
    • Discuss possible impacts of changes in the finance or procurement systems on the efficiency and effectiveness of the procurement and accounting functions.
    • Analyze and discuss University initiatives that may impact both functional areas (e.g.., eProcurement system).
  • Participate and lead in the acquisition and management of debt financing for the University, including accurate and timely payment of obligations as well as compliance with debt covenants and other financial requirements of all financing instruments.
  • Maintain and enhance the University’s relationship with its external entities related to administration and distribution of financial information to the Kansas Board of Regents, State of Kansas representatives, federal agencies and the public.
  • Prepare responses to questions or requests relating to financial matters from external entities including the Kansas Board of Regents, Kansas Legislature and Governor’s office.
Job Duties

Description of Job Duty

FINANCIAL INTEGRITY AND COMPLIANCE

  • Direct and ensure the overall integrity of the financial records and internal control environment of the University of Kansas Medical Center (“University”).
  • Develop written replies and corrective actions in response to applicable external and internal auditor’s reports.
  • Certify management representations related to financial accounting, procurement, reporting and internal controls as required by the Kansas Board of Regents, State of Kansas representatives, state or federal agencies, or financial audits.
  • Serve as the financial leader on University compliance matters relating to federal, state or local requirements and as specified by University policies.
  • Act as the University’s lead representative for independent auditors’ examinations and data requests.
  • Provide responses to recommendations of external and internal auditors’ examinations and respond in a timely manner to audit findings and recommendations.
  • Provide immediate notification to the University Chief Financial Officer and other leadership as applicable of suspected or known fraud or financial malfeasance.

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