Director of Finance (Financial Administration Specialist)

JACOBS SCHOOL OF MUSIC (BL-MUS-IUBLA) Department-Specific Responsibilities Provides budgeting and operational leadership of financial activities for the Jacobs School of Music.Interprets and ensures compliance with Indiana University Foundation (IUF) and Indiana University (IU) policies, including, but are not limited to, account management, transaction processing, and financial reporting and analysis.Works with Chairs, Program Directors, and other faculty to develop realistic budgets for their departments and programs. Funding sources include auxiliary activities, external contracts and grants, and operational funds.Monitors actual expenditures and encumbrances against approved budgets, at both the overall level and for individual manager portfolios. Follows up with faculty, chairs, and directors as needed to determine funding options.Assumes a lead role in the annual budget preparation process.Works with managers to help them develop budget requests in line with Jacobs School of Music directives and annual budget guidelines.Works closely with the Assistant Dean of Finance to file a balanced budget that is compliant with all university guidelines.Assumes the lead responsibility for IUF account management.Projects funding available in each of the 300+ accounts; works with admissions to ensure that available funds are fully utilized, in accordance with donor intent.Facilitates transfers of funds from IUF accounts to corresponding IU accounts, with careful attention to documentation. Manages account structure and delegates setup for all IUF accounts.Assumes a leadership role for external survey solicitations, as well as university required fiscal analysis and reports. Provides financial information to the university and campus representatives as requested. Prepares reporting and detailed information as needed for our accreditation process.Attends meetings and pursues professional development to keep abreast of changes and challenges in the business area of academic financial and administrative operation. General Responsibilities Using knowledge and application of accepted procedures and standards, manages the daily and long-term financial and/or administrative operations of an organizational unit or an academic, research, and teaching department within a school or college.Formulates policies and guidelines for division/department activities.Controls all expenditures and statement of accounts to ensure regulatory compliance and fiscal integrity.Manages general appropriation, endowment, federal and non-federal grants and contracts, and gift funds.Develops, plans, and implements special projects, which may include space renovations, space allocations, staffing, equipment purchases, long-range plans, leasing of off-campus space and services.Prepares operating and project budget drafts. Regularly explains financial concepts to non-financial employees.Monitors division/departmental budgets and reports any significant deviations from approved budgets.May provide functional advice or training to lower-level staff. 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. EDUCATION Required Bachelor's degree in finance, business, or a related field Preferred Master of Business Administration (MBA) LICENSES AND CERTIFICATES Preferred Chartered Financial Analyst (CFA) Required WORK EXPERIENCE 5 years of relevant experience Preferred Experience in higher education Skills Required Proficient written and verbal communication skillsMaintains a high degree of professionalismDemonstrates time management and priority setting skillsDemonstrates a high commitment to qualityPossesses flexibility to work in a fast paced, dynamic environmentSeeks to acquire knowledge in area of specialtyHighly thorough and dependableDemonstrates a high level of accuracy, even under pressurePossesses a high degree of initiativeAbility to influence internal and/or external constituentsIntermediate understanding of technology; experience using electronic platforms to perform various tasksDemonstrates experience solving problems with independent thoughtProficiency in computer systems, including standard Office software; advanced Excel and database skills, including familiarity with complex formulas and Pivot TablesAbility to use standard office equipment such as phone, fax, scanner, etc.Experience managing workflows, processes, and/or data entryIntermediate accounting skills; ability to spot obvious errors; ability to develop a budgetDemonstrates ability to interpret and apply concepts and policies to daily work functionsKnowledge of various fund accountsAbility to clearly present material and make it accessible to a variety of audiencesAbility to interpret financial documents from an accounting, policy, and practice perspective This role requires the ability to effectively communicate and to 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 the campus. The person in this role must be able to perform the essential functions with or without an accommodation. Indiana University Bloomington Campus For full-time staff employees, Indiana University offers a wide array of benefits including: Comprehensive medical and dental insuranceHealth savings account with generous IU contributionsHealthcare and dependent care flexible spending accountsBasic group life insurance paid by IUVoluntary supplemental life, long-term disability, critical illness, and supplemental accidental death & dismemberment insuranceBase retirement plan with generous IU contributions, subject to vestingVoluntary supplemental retirement plan optionsTuition subsidy for employees and family members taking IU courses10 paid holidays plus a paid winter break each yearGenerous paid time off plansPaid leave for new parents and IU-sponsored volunteer eventsEmployee assistance program (EAP) Learn more about our benefits by reviewing the IU Benefit Programs Brochure. Career Level: Advanced FLSA: Exempt Job Function: Finance Job Family: Financial Administration Click here to learn more about Indiana University's Job Framework. This posting is scheduled to close at 11:59 pm EST on the advertised Close Date. This posting may be closed at any time at the discretion of the University, but will remain open for a minimum of 5 business days. To guarantee full consideration, please submit your application within 5 business days of the Posted Date. If you wish to include a cover letter, you may include it with your resume when uploading attachments. Indiana University is an equal opportunity employer and provider of ADA services and prohibits discrimination in hiring. See Indiana University Notice of Non-Discrimination here which includes contact information. The Annual Security and Fire Safety Report, containing policy statements, crime and fire statistics for all Indiana University campuses, is available online. You may also request a physical copy by emailing IU Public Safety at iups@iu.edu or by visiting IUPD. Request Support Telephone: 812-856-1234