Senior Vice President for Finance and Administration/Chief Operating Officer
A nationally recognized public metropolitan research university located in one of America’s most livable cities, the University of Louisville (www.louisville.edu) announces the national search for Senior Vice President for Finance and Administration/Chief Operating Officer (CFO/COO). The successful candidate will join the strategically-focused senior administrative team that is guiding the University of Louisville to new levels of global prominence in teaching, research, and public service. The CFO/COO participates with UofL’s senior leadership, referred to as the Office of the President, whose members include the President, Executive Vice President and Provost, Executive Vice President for Health Affairs, and the Executive Vice President for Research and Innovation. Working in step with President James Ramsey on policy, long-term planning, strategic budgeting, and a myriad of other issues, this group focuses on the overall development and well being of the University and its relationships with Louisville and the surrounding community, the State of Kentucky, and beyond. In addition, the CFO/COO is responsible for matters of day-to-day operations related to finance, business affairs, human resources, information technology, internal audit & institutional compliance, student affairs and other campus operations. The successful candidate will be a confident problem-solver who understands the intricacies of 21st century challenges facing higher education and has an MBA or an MPA and a record of success in higher education, not-for-profit administration or a related field. An earned Ph.D. in an academic discipline and faculty experience are preferred. Expertise in a demanding fiscal environment is a priority as well as in-depth skills in budgeting, strategic planning, and the entrepreneurial use of resources. Past experience should demonstrate a commitment to a student-centered philosophy in keeping with UofL’s priorities. The successful candidate will have a documented record as an effective manager with excellent communication talents who leads by example and works collaboratively in a fast-paced setting. Three campus Vice Presidents report to the COO including the VP for Human Resources, VP for Information Technology and VP for Student Affairs, as do three Associate VPs: Audit Services and Institutional Compliance; Finance and Administration; Subsidiaries, Auxiliaries, and Related Entities; as well as the Senior Associate VP for Business Affairs. The University of Louisville Established in 1798, UofL is classified as a Very High Research Activity Research University by the Carnegie Foundation. Enrollment is 22,500 in 13 colleges and schools; the average ACT score of entering freshmen is 25. The annual operating budget is $1.2 billion. In the last 15 years UofL has grown exponentially in key areas including grant and contract awards, baccalaureate graduation rates, the number of doctoral degrees conferred, and in service to the citizens of the Commonwealth of Kentucky and the region. The current strategic plan calls for continued robust growth through 2020 and beyond. UofL’s endowment ranks among the top 100 colleges and universities in the U.S. The University of Louisville Foundation (www.louisvillefoundation.org) is a valued partner in helping keep UofL in a leadership position for research of all kinds. With guidance from the administration, the Foundation is setting the University’s investment fund on a course for long term success; the portfolio’s return is well above the national norm. Proud of its strong and diverse research communities and interdisciplinary collaboration, UofL is comprised of three campuses, each with state-of-the-art research facilities: the 177-acre Belknap campus near downtown Louisville; the Health Sciences Center and medical complex; and a 243-acre Shelby campus anchored by the ShelbyHurst Research and Office Park. The Community UofL is also a vital partner in the economy of Louisville (www.gotolouisville.com, www.possibilitycity.com), a prosperous and culturally rich city with a population of over one million and an enviable cost of living that is well below the national average. Listed as Lonely Planet’s 2013 top travel destination, Louisville is “a lively, offbeat cultural mecca on the Ohio River” boasting restaurant and art scenes that rival those found in much bigger cities. The city of Louisville is home to professional orchestra, ballet, and opera companies, as well as the acclaimed Speed Art Museum, the Kentucky Center for the Performing Arts, and the Muhammad Ali Center. Notably, Louisville draws audiences from far and wide for the award-winning Actors Theatre of Louisville’s annual Humana Festival of New Plays. Also a mecca for recreation enthusiasts, the city boasts 18 pristine parks and six parkways that were designed by Frederick Law Olmsted and later by his sons beginning in the late 19th century. Commerce and business flourish as well as healthcare, for which Louisville is a major national hub. Position Responsibilities The Senior Vice President for Finance and Administration and Chief Operating Officer is responsible for ensuring that the operations of all financial and administrative units fulfill the mission of the University of Louisville. This individual has dual reporting channels: on day-to-day operations related to Finance, Business Affairs, Human Resources, Information Technology, Internal Audit, Institutional Compliance, Student Affairs and other campus operations to the Executive Vice President and University Provost Shirley Willihnganz; and in areas of policy, long range planning and strategic budgeting to President Ramsey and the Office of the President. The COO works closely with the UofL Foundation to ensure that resources are maximized for the benefit of the campus’s long term financial prosperity. Specific areas of responsibility include: Fiscal Management and Oversight • Monitor and account for the revenues and expenses required in the operation of the University, its subsidiaries, and its auxiliaries; • Perform treasury operations including cash management, accounts payable and disbursements for the University and its affiliated corporations, and the issuance of bonds; • Report costs and revenue, and prepare periodic and end-of-year financial statements; • Prepare and oversee the annual operating and biennial budget request for the University and its subsidiaries; oversee the budgeting process to ensure the budget supports the University’s strategic plan; • Manage the investments of the University and its subsidiaries, including retirement of long- and short-term debt obligations. Audit and Compliance • Supervise the Office of Internal Audit and Compliance; • Audit the financial operation of the University and report irregularities to the President; • Ensure the University has appropriate and effective internal controls, and that they operate properly. Facilities and Services • Maintain and improve the campus physical plant, monitoring and controlling utility expenses and other recurring cost centers; • Administer all capital construction contracts and projects, purchasing, inventories, sales of surplus properties, and bidding procedures; • Manage the services necessary to maintain efficient and effective operations for a 24-7 University and meet the needs of students, faculty, and staff; • Manage, monitor, and control the acquisition and disposition of moveable inventory (including all purchasing functions). Personnel • Ensure that University personnel comply with policies and procedures; • Coordinate and manage personnel and policies that are necessary to ensure the security of the physical plant, inventory, employees, and students; • Supervise the University’s policies on risk and insurance management; • Serve as liaison with state agencies regarding auditing, purchasing, accounting, and related matters. Search Timeline and Procedure For best consideration, confidential applications and nominations should be received by May 23, 2014. Please include a letter describing relevant experiences and interest in the position; curriculum vitae; names of five references with titles, addresses, telephone numbers and e-mail addresses. Individuals who wish to nominate a candidate should submit a letter of nomination, including name, position, address, telephone number and email address of the nominee. Applications and nominations should be electronically submitted via MS Word or pdf to [email protected] The search is assisted by John B. Hicks, Senior Consultant Academic Search, Inc. [email protected] 205-345-7221. The University of Louisville is an Affirmative Action, Equal Opportunity, Americans with Disabilities Employer, committed to diversity and, in that spirit, seeks applications from a broad variety of candidates.