Reporting to the Chief of Administration, the incumbent provides leadership for the finance team in Columbia Health. Leading a team of finance and business services staff, the incumbent assumes primary responsibility for the development and implementation of a financial strategic plan for all Columbia Health units. The director will manage monthly, quarterly, and annual forecasting and budgeting; oversee collection of revenue; oversee the team processing invoices and payments; and ensure timely processing of payroll. The incumbent will work with senior leadership within Columbia Health to develop and submit annual budget requests. Working in partnership with the central University finance team the Director will ensure compliance with all University finance-related requirements. The Director provides guidance and consultation to managers and employees on a wide range of finance topics, policies, and procedures and recommends process improvements and best practice initiatives for core finance and business functions. The incumbent is responsible for Columbia Health finance policies, processes, and procedures. With an operating budget of over $30 million, along with grants and pass through financials, the Director of Finance oversees the collection and movement of about $100 million per year.
Ensuring that the timely preparation of the annual and monthly budget submissions
Administers approved budgets
Responsible for conducting analyses and developing and implementing corrective action reports to prevent overdrafts
Analyzes monthly financial variance reports and using data extracted from various University financial systems
Performs monthly and year-end closings related to the reconciliation of all internal accounting and billing systems.
Provide high-level analytic support for ongoing operations and projects.
Financial Management (35%)
In conjunction with Columbia Health leadership develop and implement a financial strategic plan
Reconciles all internal accounting and billing systems including student fees and fees from affiliates, and processes journal entries.
Complies financial data and costs analysis for departments
Ensuring that all financial standards and protections are in place and have been met
Prepares reports and analysis for the review of executive and senior management members
Works closely with the Office of Management and Budget, the Office of the Treasurer and Controller, and Purchasing
Oversee and lead implementation of workflows and processes, including recommending process improvements when warranted
Ensures the appropriate management approval have been obtained and necessary backup is included; and the integrity of financial transactions and data
Creates ad hoc reports and analyzes data to identify trends and report metrics.
Leads the overall organization of financial records and compliance with document retention policies. Maintains relevant lists and databases
Oversees the payment of employees, including approving payroll, troubleshooting any complex payroll issues and reconciliation to ensure correct accounts are charged
Confirms budgeted salaries for new hire transactions in the University's employee systems
Accountable for data accuracy, integrity and security of all finance data
Works in partnership with Human Resources to define, develop and report on metrics for all including headcount and compensation to assist managers improve their decision-making
Counsels employees on finance-related University programs, policies, and procedures
Perform other duties as assigned (5%)
Bachelor???s degree or the equivalent education and experience
Minimum 5 - 7 years of work experience in an accounting or finance position required.
Exceptional knowledge of financial and general accounting principles
Ability to prepare reports, summaries and analyses and present findings.
Strong technical skills required, including overall proficiency with Microsoft Office programs and advanced Excel knowledge.
Must be flexible, organized, capable of performing multiple tasks, and comfortable working under deadlines.
Ability to develop and maintain productive relationships and collaborate at all levels of the organization
Ability to exercise a high degree of professionalism, diplomacy, discretion, firmness, and collaboration in dealing with individuals at all levels
Demonstrated skills in problem assessment and resolution as well as collaborative problem solving in a complex, interdisciplinary setting
Ability to interface and effectively communicate with various levels of staff and function within a culturally diverse and complex organization
Strong interpersonal skills
Excellent verbal and written skills
Initiative and ability to work independently
Detail-oriented with strong problem solving and exceptional analytical skills
Advanced degree in a related field
Financial analytical experience in a university or not-for-profit setting
Higher education or healthcare experience
Familiarity with Columbia University systems, processes, and procedures
Salary commensurate with experience
Equal Opportunity Employer / Disability / Veteran
Columbia University is committed to the hiring of qualified local residents.
Columbia University is one of the world's most important centers of research and at the same time a distinctive and distinguished learning environment for undergraduates and graduate students in many scholarly and professional fields. The University recognizes the importance of its location in New York City and seeks to link its research and teaching to the vast resources of a great metropolis. It seeks to attract a diverse and international faculty and student body, to support research and teaching on global issues, and to create academic relationships with many countries and regions. It expects all areas of the university to advance knowledge and learning at the highest level and to convey the products of its efforts to the world.