Assistant Dean & Director Budgeting & Financial Planning



Stanford University

Assistant Dean & Director Budgeting & Financial Planning

Job Number:
75705

Stanford University School of Medicine is seeking an Assistant Dean and Director of Budget and Financial Planning to provide overall strategic direction, operational objectives, leadership, and oversight to the Budget and Financial Planning department. In partnership with Stanford Health Care, Lucile Packard Children's Hospital, and the University, major annual activities include: Budgeting, Financial Forecasting, Variance Analysis, Debt Capacity, University Cost Recovery Analysis, Integrated Clinical Strategy Financial Consolidation, Medical Student Tuition Analysis, Financial Reporting, and Presentations.

Duties include:
  • Direct the annual development of SOM's 15-year financial forecast, including cash flow analysis and changes in SOM's projected financial position.
  • Plan and manage the school's annual budget process and timelines. Develop the consolidated budget of $2.6 billion, including the University Budget Book submission. Work with the University Budget Office to negotiate and develop a cost recovery formula.
  • Build and update long-range forecast models, formulate assumptions, and construct scenarios for annual debt capacity assessment and present and discuss outcomes with senior leadership. Articulate major variance drivers in each model.
  • Develop system and procedure requirements to support the financial reporting for SOM. Conduct financial analyses and studies related to the long-term financial strategy of SOM and individual units and programs. Analyses to include: standard accounting of prior quarters or fiscal years, projections based on assumptions, business plans incorporating multi-year forecasts, allocation methodologies, cash flow, frequency analysis, variance analysis, key performance indicators, etc. Contribute to and make presentations and recommendations to senior management.
  • Collaborate with SHC, LPCH, and SU in the development of the Integrated Clinical Strategy Financial Consolidation annual exercise. Improve budget alignment of SOM and hospitals to better represent budget unit initiatives for decision making, improve efficiency, and reduce effort in manipulating unit information.
  • Identify and anticipate external influences that may affect the University's and SOM's budget, capital, and overall financial health. Complete annual analysis and recommendations for medical student tuition increases. Contribute to completion of various professional society and LCME surveys.
  • Continuously improve SOM Planning/Budgeting services, including making budget instructions more concise, simplifying the budget system interface process, updating/adding to Q&A forums, and developing customer satisfaction surveys.
  • Develop and maintain the optimal organizational structure for the Budget and Financial Planning Office. Manage the work of and supervise the Associate Director of Budgeting & Financial Planning and five Senior Financial Analysts. Make hiring decisions; provide coaching, training, and mentoring; manage performance; develop and ensure succession planning.
* - Other duties may also be assigned.


About Stanford University School of Medicine
Stanford University School of Medicine, located in the heart of Silicon Valley, was founded in 1858 with a mission to be the premier research-intensive medical school that improves health through leadership, diversity, and a collaborative approach to discovery and innovation in research, education, and patient care.

With more than 2,304 faculty, each providing a unique mix of research, education, and patient care effort, organized in 30 academic departments and 16 interdisciplinary institutes and centers, supported by more than 3,900 staff, educating 3,000 students, postdoctoral fellows, clinical residents/fellows, and trainees, and collectively generating about $2.6B in revenues, the School of Medicine is Stanford's largest school and truly a complex organization.

Holistically, the School of Medicine is rooted in a culture of excellence and values innovation, collaboration, and life-long learning. To foster the talents and aspirations of staff, Stanford offers career development programs, competitive pay that keeps pace with market trends, and benefits that increase financial stability and promote healthy, fulfilling lives.
DESIRED QUALIFICATIONS:
  • Extensive experience in higher education, complex institutional accounting systems, and fund accounting.
  • In depth knowledge of and experience with budgeting processes, forecasting, modeling, and analysis.
  • Prior experience in a medical school or hospital environment.
EDUCATION & EXPERIENCE (REQUIRED):
  • Master's degree and ten years relevant experience or combination of education and relevant experience.
KNOWLEDGE, SKILLS AND ABILITIES (REQUIRED):
  • Demonstrated ability to apply financial and analytical skills based on a firm understanding of the mission, strategy and operating principles of the school/unit.
  • Broad subject matter expertise in all aspects of CFO-type responsibilities including financial, project management services and controls.
  • Demonstrated ability to work and interact effectively with individuals representing a broad range of skills and experiences, and the ability to build coalitions and inter-functional teams to leverage synergistic relationships.
  • Proven strategic and innovative thinker who plans and makes decisions within the framework of the school/unit and university's strategic intent.
  • High level user of standard business computer systems and software including Microsoft Excel, Power Point, Word and other business support resources. Knowledge of software to quantify and illustrate complex financial reports, comparisons, impacts, and/or projections
  • Skill in examining and re-engineering operations and procedures, formulating policy, and developing and implementing new strategies and procedures.
  • Successful experience with organizational development and staff development, and a proven ability to create and manage change.
  • Strong interpersonal skills, leadership and the ability to bring people together to create solutions and to forge a successful conclusion.
  • Ability to clearly and effectively present information to internal and external audiences, client groups and all levels of management and serve as an advisor to senior and university leadership.
  • Advanced oral and written communication skills.
  • Previous experience in strategic management and leading large multi-functional teams.
PHYSICAL REQUIREMENTS*:
  • Constant sitting.
  • Frequently perform desk-based computer tasks, use telephone, writing by hand, sort/file paperwork.
  • Occasionally stand/walk, lift/carry objects weighing 11-20 pounds.
  • Rarely reach/work above shoulder.
*- Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.

WORKING CONDITIONS:
  • Routine extended working hours during peak cycles; travel to school/unit sites across university.
WORK STANDARDS:
  • Interpersonal Skills: Demonstrates the ability to work well with Stanford colleagues and clients and with external organizations.
  • Promote Culture of Safety: Demonstrates commitment to personal responsibility and value for safety; communicates safety concerns; uses and promotes safe behaviors bases on training and lessons learned.
  • Subject to and expected to comply with all applicable University policies and procedures, including but not limited to the personnel policies and other policies found in the University's Administrative Guide, http://adminguide.stanford.edu.


Job: Finance

Location: School of Medicine
Schedule: Full-time
Classification Level:

To be considered for this position please visit our web site and apply on line at the following link: stanfordcareers.stanford.edu

Stanford is an equal opportunity employer and all qualified applicants will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by law.






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