Director, Capital Planning - Corp Finance Admin - Full Time 8 Hour Days (Exempt) (Non-Union)
University of Southern California (USC)
Location: Los Angeles, California
Internal Number: REQ20144642
Director, Capital Planning provides strategic direction and capital project financial leadership. The Director provides a critical linkage between the Operations Teams at each entity, the Corporate Executive Leadership Team, Corporate Supply Chain and the Corporate Finance Division for the advancement of capital planning priorities as well as ongoing monitoring of forecast spend to budget. The Director provides leadership, expertise and support to the capital supply chain and Decision Support team, and liaises with partners across the organization in overseeing, planning and monitoring the development of the capital budget and ongoing initiation of capital projects in a close relationship with all entity leadership within Keck Medicine of USC as well Corporate Information Technology Team, Capital Construction, Supply Chain, Biomed and Facilities. The Director will facilitate the update of the 5-year capital plan, working with entity CFO's, Supply Chain, IT, Construction Management and other key stakeholders. The Director in collaboration with Decision Support will develop and manage the development of capital project proforma's and lookback analysis on project impact. The Director will also play a key role in fixed asset management in collaboration with Controller's Services team.
Provides leadership, direction and coordination and liaison with internal and external resources for Capital Planning. Identifies issues; researches, obtains and analyzes information; works with relevant partners; and identifies effective means for resolution to enable sound and timely decisions by the Executive Leadership Team.
Fosters a collaborative working relationship between supply chain, capital construction, Information Technology, Accounting, and Decision Support.
Develops strategic planning for strategy capital projects as well as renewal of capital assets in alignment with Keck Medicine of USCs overall strategic plan & in collaboration with each entitys senior leadership, including establishment of capital priorities; managing the capital planning process; and developing master plans, concept plans, and business cases.
Develops the multi-year capital budget plans through the annual capital prioritization process ensuring its within projected capital funding availability established through the operation budget process by the Decision Support team. Responsible for overseeing the allocation and administration of the annual capital budget.
Develops and implements controls to ensure capital budgets are not exceeded. This includes controls related to the asset acquisition/purchasing process, monitoring of spend, forecast to budget as well as ongoing financial status reporting for large, complex multi-year capital projects.
Assumes a lead role for capital equipment in the establishment of the annual and multi-year capital budgets by helping facilitate the prioritization of the organizations overall capital needs. Where needed, coordinates Business Plans for major capital projects in an efficient and sustainable manner.
Provides regular reporting on capital asset management to the executive leadership as required.
Provide reporting capital project health and updates to CIP in accordance with GAAP. Collaborates with Accounting on fixed asset recognition for project in-service date.
Provides oversight for maintaining accurate accounting records of capital assets in accordance with GAAP, and capital expenditure reimbursement from alternate funding sources.
Develops appropriate systems and procedures that support the departments activities. Develops methods for financial performance monitoring of all capital projects, equipment and acquisitions including timely reports to Senior Leadership and the Board.
Oversees the maintenance of financial systems and procedures for the effective, efficient and accurate authorization and recording of commitments and disbursements related to capital. Leads or coordinates with staff that: Manages the general ledger including month-end and year-end period close oversight of sub systems, reconciliation activity, managing all journal entries and reporting related to organizational cash, investments, capital assets, and associated liabilities; Liaises with and reports to Foundations and Auxiliaries on donation commitments and billing for expenditures.
Performs other related duties as assigned.
Bachelor's degree in Accounting, Finance or Business
Combined work experience and education as equivalent
10 years Management experience or an equivalent combination of education, training and experience
Excellent skills in complex problem solving, planning, project management, and change management.
Ability to communicate effectively, orally and in writing.
Excellent skills in data analytics and data reporting.
Excellent organizational and administrative skills.
Ability to organize and manage multiple project demands simultaneously.
Ability to work under pressure and to effectively meet internal and external deadlines.
Recognized ability to work as an effective leader and team member in complex structures.
Demonstrated flexibility in regards to duties and assignments.
Physical ability to perform the duties of the position.
Fire Life Safety Training (LA City) If no card upon hire, one must be obtained within 30 days of hire and maintained by renewal before expiration date. (Required within LA City only)
The annual base salary range for this position is $110,240.00 - $181,896.00. When extending an offer of employment, the University of Southern California considers factors such as (but not limited to) the scope and responsibilities of the position, the candidates work experience, education/training, key skills, internal peer equity, federal, state, and local laws, contractual stipulations, grant funding, as well as external market and organizational considerations.
USC is the leading private research university in Los Angeles—a global center for arts, technology and international business. With more than 47,500 students, we are located primarily in Los Angeles but also in various US and global satellite locations.
As the largest private employer in Los Angeles, responsible for $8 billion annually in economic activity in the region, we offer the opportunity to work in a dynamic and diverse environment, in careers that span a broad spectrum of talents and skills across a variety of academic and professional schools and administrative units. As a USC employee and member of the Trojan Family—the faculty, staff, students, and alumni who make USC a great place to work—you will enjoy excellent benefits, including a variety of well-being programs designed to help individuals achieve work-life balance.