Description
Business Services Program Director 

Director of Finance

School of Medicine – Department of Orthopedics

Position # 785007 Requisition #21713

The Department of Orthopedics at the University of Colorado Anschutz Medical Campus is seeking an experienced Director of Finance.  This position will be responsible for providing high quality, creative, and solutions-oriented financial support, advice, and counsel at the strategic, policy, and operational levels. This position will also provide financial expertise and resources to the faculty, management and staff of the Department.  The Director of Finance will work closely with the Director of Clinical Operations to support the implementation of the Department's financial and strategic plans, including Department structuring and allocation of support.  In addition, this position will collaborate closely with management at the University, School of Medicine, CU Medicine and affiliate hospitals (UC Health and Children’s Hospital Colorado) to ensure business standards and objectives are met.  This position will be responsible for the oversight of the fiscal management for the Department of Orthopedics. This individual will have departmental fiduciary responsibilities and will be held accountable for meeting compliance standards for with applicable School of Medicine, University and Hospital policies, procedures, laws, etc.

This position will also collaborate with the Executive Leadership and Vice Chairs of Orthopedics to develop annual and long-term plans for funding operations as well as collaborating with the clinical business leadership to build all-funds cross-section financial statements and financial strategic plans.

This position will direct, manage, and supervise the Finance Office in the Department of Orthopedics, comprised of a Finance and Accounting Principal Professional, a Finance and Accounting Senior Professional, and a Financial Coordinator.

Duties and Responsibilities

Specific duties and responsibilities of the Program Director may include, but are not limited to, the following:

1. Financial Management:  This position has high level authority for the fiscal management of the Department of Orthopedics, which functions within multiple financial systems, the most key of which are the State of Colorado systems and the CU Medicine systems. All financial management activities are under the overall direction of the DFA who has responsibility for divisional and departmental funds and who serves as the fund administrator and overall approving official.  This position has decision-making authority subject to the direction of the Chair and DFA and must exercise independent judgment to optimize the functionality/effectiveness to the department. Within these parameters, the Finance Director:

• Oversees and directs all fiscal activity of the Department of Orthopedics, an approximate annual budget of $100 million, including, but not limited to, the following
• Development and management of operating and capital budgets.
• Administration of auxiliary and educational accounts.
• Administration of all state funds, including state fund 10, ICR, funds 11 and 72 residual accounts.
• Monitoring and approving purchases and unfunded travel.
• Inventory management.

Regularly reviews all financial statements for the department’s accounts.

Manages and ensures compliance with the department’s Base, Supplement, and Incentive (BSI) compensation plan.

Interfaces with relevant financial and human resource systems, as necessary, to manage the department’s operations and monitor its financial performance.

Facilitates fiscal planning and financial analyses, as needed.

Ensures overall fiscal accountability of the department.

Provides management and oversite of the Resident Travel funds.  Develops policies and procedures around use.  Assists with the development of annual funding levels and ensure funds are expensed to the correct account and at the correct levels.  Provides a quarterly updates to the program coordinators and the DFA.

Ensures appropriate Department-wide financial control and fiduciary stewardship, determines areas vulnerable from an audit perspective and develops plans/recommendations to strengthen those areas in conjunction with Internal Audit.

Direct the analysis and interpretation of financial information and aid in the development of business operations plans; forecast critical milestones and potential obstacles and evaluate alternate courses of action; balance short-term and long-term strategic objectives to maximize the financial performance of the department.

Lead the development of Department policies and procedures to govern financial decision-making including budgets, expense management, and capital spending to ensure the achievement of expense management and revenue objectives.

Develop, operate and oversee the dashboard reporting of the department to ensure that division and department leadership have access to the necessary financial data to make the appropriate decisions.   This will include monthly, quarterly and annual reports.

Foster and maintain an effective working relationship with the leadership team of the University and CU MEDICINE as this position plays a pivotal and highly visible role in implementing the policies and procedures that impact the department’s financial enterprise.

Responsible for department’s asset management. 

 

CU Medicine

• Facilitates the creation and submission of CU Medicine budgets.
• Monitoring of CU Medicine contract income.  Develop reporting and systems to ensure all funds are received according to contract terms.
• Manages all levels of the CU Medicine overhead allocation process.  Conducts periodic reviews each fiscal year to ensure allocations are working within each section as planned.
• Administration of department incentive plans, including monthly call payments and other incentive payments.
• Detailed monitoring of all Orthopedic Administration accounts at line item level. 

Policy Administration

• Ensures that the department’s fiscal practices are in compliance with all relevant Federal, State, University, and affiliate organization (e.g., Veteran’s Administration, Denver Health and Hospitals, CU Medicine) policies and procedures.
• Provides leadership in the formulation and implementation of departmental policies and procedures. Ensures these are in place for all financial aspects of the department.  Once in place reviews at least on an annual basis and updates as needed.
• Educates personnel and other relevant constituencies on all relevant internal and external policies and procedures.

Procurement Management

• Communicates with personnel regarding relevant procurement policies and procedures.
• Manages procurement including, but not limited to, the following:
• Oversight and control of the distribution and use of University credit cards including A-Cards.
• Purchase of supplies and services that support the DOS.
• Acquisition of capital and noncapital equipment.
• Coordination of building construction/renovation.

Facilitation of the DOS’s procurement efforts through external organizations (e.g., CU Medicine, Veteran’s Administration).

Serves as the single departmental Approving Official (AO) for the State Procurement Card Program

Serves as a fiscal Manager and coordinates other procurement related activities and policies, including purchase orders, payment vouchers, and a variety of other instruments in both the UCD and CU Medicine fiscal systems

Risk Management and Compliance

• Advises personnel with regard to their rights and responsibilities as employees of the University.
• Ensures appropriate systems of control relative to financial and accounting matters.
• Educates faculty and staff on relevant compliance and regulatory matters.
• Develops and implements systems for compliance with regulatory mandates.

Salary and Benefits:

The salary range (or hiring range) for this position has been established at $90,000 to $120,000.  

The salary of the finalist(s) selected for this role will be set based on a variety of factors, including but not limited to, internal equity, experience, education, specialty and training.

The above salary range (or hiring range) represents the University’s good faith and reasonable estimate of the range of possible compensation at the time of posting.

Optional: This position is not eligible for overtime compensation.

Your total compensation goes beyond the number on your paycheck. The University of Colorado provides generous leave, health plans and retirement contributions that add to your bottom line.

Benefits: https://www.cu.edu/employee-services/benefits

Total Compensation Calculator: http://www.cu.edu/node/153125

Diversity and Equity:

The University will provide reasonable accommodations to applicants with disabilities throughout the employment application process. To request an accommodation pursuant to the Americans with Disabilities Act, please contact the Human Resources ADA Coordinator at hr.adacoordinator@ucdenver.edu.

The University of Colorado Denver | Anschutz Medical Campus is committed to recruiting and supporting a diverse student body, faculty and administrative staff. The university strives to promote a culture of inclusiveness, respect, communication and understanding. We encourage applications from women, ethnic minorities, persons with disabilities and all veterans. The University of Colorado is committed to diversity and equality in education and employment.

The University of Colorado Denver | Anschutz Medical Campus is dedicated to ensuring a safe and secure environment for our faculty, staff, students and visitors. To assist in achieving that goal, we conduct background investigations for all prospective employees.

Qualifications
Minimum Qualifications:

• A bachelor’s degree in business, business administration, finance, accounting or a directly related field from an accredited institution.
• 3 years of professional level management experience within a complex health care or academic medicine environment.
• 5 years of experience with Finance systems, budgets and financial transactions in a related field.

 

Substitution: A combination of education and related technical/paraprofessional experience may be substituted for the bachelor’s degree on a year for year basis.

 

Preferred Qualifications:

• Master’s degree in a related field
• Relevant industry experience or coursework in business administration, accounting, finance, public health or related field.

 

 

Competencies:

Ability to communicate effectively, both in writing and orally. Ability to establish and maintain effective working relationships with employees at all levels throughout the institution.Outstanding customer service skills.Demonstrated commitment and leadership ability to advance diversity and inclusion.
• Must have high degree of technical skills in fiscal management, knowledge of accounting and business practices, including knowledge and use of accounting software packages.
• Strong financial management skills and the ability to manage funds effectively from a variety of sources.
• Solid understanding in budget development and management; billing operations, reimbursements, financial contracts and consulting agreements.
• Broad and diversified professional management experience
• Team player as well as a team builder who is able to delegate appropriately, make difficult decisions and lead by example.
• Demonstrated skills in personnel management and policy implementation.

Job Category: Business Services
Primary Location: Aurora
Schedule: Full-time
Posting Date: Jun 14, 2021
Unposting Date: Ongoing