The University of Delaware seeks an experienced, collaborative and dynamic leader to serve as the Vice President for Finance and Accounting.
A research-intensive, technologically advanced university with global impact, the University of Delaware traces its roots to the founding of a small private academy in 1743. The University received its charter from the State of Delaware in 1833 and was designated in 1867 as one of the nation’s historic Land Grant colleges.
The University offers a broad range of degree programs (three associate programs, 150 bachelor’s programs, 140 master’s programs and 60 doctoral programs) through its nine colleges: Agriculture and Natural Resources; Arts and Sciences; Earth, Ocean and Environment; Education and Human Development; Engineering; Health Sciences; Graduate College; Honors College; the Alfred Lerner College of Business and Economics and the Biden School of Public Policy and Administration.
For fall 2021, enrollment totaled 18,707 undergraduates, 4,586 graduate students and 703 professional and continuing studies students for a grand total of 23,996. These students come from across the country and around the globe.
For FY 2021, externally sponsored expenditures totaled more than $258 million, even though the University is not host to an academic medical center. UD is driving discovery for the future. Externally sponsored research totaled $225M million in FY 2022 (preliminary), a 57 percent increase over the past five years. Since 2009, UD has had 571 patent disclosures, more than 159 patents have been issued and 74 licenses have been executed. Some 32 start-ups have resulted from licensing of UD technology.
The University has endowment assets of almost $2 billion. Its annual operating budget is more than $1 billion, and state operating and capital appropriation of approximately $170 million (FY 2022) helps create a sizeable economic impact in the state. For every $1 invested by the State, UD produces $25 in economic activity within Delaware. Overall, the University generates an annual multi-state economic impact of $5.5 billion and supports approximately 35,320 jobs in throughout the Northeast Corridor.
Reporting to the SVP, the Vice President for Finance and Accounting will act as a strategic advisor and work closely with the President, other university leaders and the Board of Trustees to advance the University’s mission, vision, and values. The Vice President for Finance and Accounting serves as an institutional catalyst, stimulating sound financial management, accounting and procurement practices across the organization that support both change and the achievement of the strategic and financial objectives of the University. As an institutional leader, the Vice President for Finance and Accounting will oversee efficiencies and proper disciplines to assure best financial practices across the University.
The VP will, in partnership with, the Senior Associate Vice President and Chief Budget Officer and VP IT/CIO have direct responsibility for proactive and strategic financial management of the institution’s financial reporting/statements, internal financial controls, long range financial risk models, including accountability for fiscal policies and procedures and the efficiency and effectiveness of financial systems.
The successful candidate will possess significant, demonstrable financial leadership experience, ideally in higher education, with experience managing complex and diverse teams across financial operations. A bachelor’s degree is required.
Nominations and expressions of interest will be received until a list of candidates is put forward for final consideration. Review of applications will begin immediately. Applications and nominations should be submitted directly to Korn Ferry. Applicants should submit a resume and cover, addressing the responsibilities above, electronically to UD-VPFT@kornferry.com
Ken Kring, Co-Managing Director, and Victoria Antolini, Principal Global Education Practice, Korn Ferry, Philadelphia, PA
The University of Delaware is committed to assuring equal opportunity to all persons and does not discriminate on the basis of race, creed, color, gender, age, religion, national origin, veteran or disability status, or sexual orientation in its educational programs, activities, admissions, or employment practices as required by Title IX of the Educational Amendments of 1972, Section 504 of the Rehabilitation Act of 1973, Title VII of the Civil Rights Act of 1964, and other applicable statutes. The Career Center at the University of Delaware will work solely with employers that abide by the university’s equal opportunity standards.