Director, Financial Analysis and Budget (Finance Leader)

About the role

This position serves as a key leader within the Indiana University (IU) School of Medicine (IUSM) Financial Services unit, reporting to the Associate Chief Financial Officer (CFO). The Director of Financial Analysis and Budget provides significant input for leadership related to IUSM’s long-term and short-term financial planning and resource allocation, acting as a subject matter expert in finance for the school.

Responsibilities

Department-Specific Responsibilities

• Analyzes school-level financials, planning, and reporting to support the Associate CFO in interpreting the financial health of the school and ensuring availability of funds for continuing operations.
• Collaborates with Financial Services leaders in developing policies, strategic plans, and programs related to the financial resources and operations of IUSM.
• Manages the school-level budget, analysis, and reporting; leads the financial analysis staff.
• Directs financial analysis for the dean’s office units and departments, including reviewing statements for profit and loss, income and expense variances, budget analysis, preparing financial forecasts, trend analysis, cash balances, and key metrics such as full-time equivalents (FTE), days cash on hand, and indirect costs.
• Leads the annual IUSM budget construction process and maintains the budget throughout the fiscal year.
• Collaborates on strategic planning efforts for IUSM Departments, Regional Medical Centers, and Dean’s Office units, including analysis of financial performance, implementing standardized business planning processes, and developing operational improvement plans.
• Directs the daily activities of the Financial Analysis and Budget staff.

General Responsibilities

• Oversees the analysis of financial performance in university units; devises strategic plans to meet financial goals.
• Develops short-term and long-term business plans, creates policies and procedures, and analyzes past financial performance.
• Prepares and presents financial analyses and recommendations to top-level university management.
• Provides expert advice on financial activity and interpretation of financial policies to Financial Analysts, senior management, and top-level university management.
• Analyzes crucial economic, industrial, and corporate trends by reviewing financial reports; implements relevant data into the organization’s financial decision-making.
• Creates financial models and analyses of financial and operational metrics to evaluate and direct business performance.
• Manages the financial planning, budgeting, and forecasting processes.

Requirements

Education

• Required: Bachelor’s degree in accounting, finance, or a related field.
• Preferred: Master’s degree in accounting, finance, or a related field.

Work Experience

• Required: 5 years in finance, financial administration, accounting, or a related field.
• Preferred: 3 years of management experience in a relevant field.

Combinations of related education and experience may be considered. Education beyond the minimum required may be substituted for work experience. Work experience beyond the minimum required may be substituted for education.

Skills

• Ability to analyze and interpret financial data.
• Demonstrated analytical skills and excellent interpretation of complex statistical data.
• Demonstrated written communication skills; articulate and responsive to colleagues.
• Ability to develop and deliver effective presentations.
• Excellent collaboration and team-building skills.
• Ability to lead and manage others; instills commitment to organizational goals.
• Assumes personal responsibility for actions.
• Demonstrates a high level of accuracy, even under pressure.
• Ability to work within tight time frames and meet strict deadlines.

This role requires the ability to effectively communicate and operate a computer and other standard office productivity equipment. The position involves sedentary work as well as periods of time moving around an office environment and campus. The person in this role must be able to perform the essential functions with or without an accommodation.

Location

Indianapolis, Indiana

Pay

$155,000.00 - 160,000.00 annually based on candidate experience, skills, and qualifications.

Benefits

• Comprehensive medical and dental insurance.
• Health savings account with generous IU contributions.
• Healthcare and dependent care flexible spending accounts.
• Basic group life insurance paid by IU.
• Voluntary supplemental life, long-term disability, critical illness, and supplemental accidental death & dismemberment insurance.
• Base retirement plan with generous IU contributions, subject to vesting.
• Voluntary supplemental retirement plan options.
• Tuition subsidy for employees and family members taking IU courses.
• 10 paid holidays plus a paid winter break each year.
• Generous paid time off plans.
• Paid leave for new parents and IU-sponsored volunteer events.
• Employee assistance program (EAP).