The Chief Business Officer (CBO) provides overall leadership and support of financial andadministrative operations of the assigned Vice Provost (VP) areas, directly assisting andsupporting operational leads and serving as a member of the Financial Operations and PlanningTeam, reporting to the Finance Director under the leadership and guidance of the Associate Vice Chancellor for Finance. The Chief Business Officer is responsible for the finance functionincluding daily operations, developing monthly financial projections, and preparing annual and long-range operating and capital budgets. The Chief Business Officer interfaces with a wideconstituency of partners across the institution in the financial management of and planning for thestrategic use of funds. This individual leads a team of professional and administrative supportstaff and is responsible for developing goals, objectives, policies and procedures; supervising,coordinating, and evaluating activities; and performing personnel administration functions. This role must be responsive to the needs of the Vice Provosts and other leaders overseeing the assigned areas.
Serve as the primary business advisor to the Dean, Vice Provost or other leaders and thefinancial liaison for the assigned area to the Financial Operations and Planning team.
Develop annual and long-range capital/operating budgets, which adhere to the University and area priorities based on balanced assumptions.
Develop financial and operational models that respond to new circumstances and whichallow for informed decision making and maximizes area and university resources.
Proactively assess the ongoing area activities to determine realistic financial projectionscompared to the annual budget and assess areas where additional resources could beinvested or redirected toward uses more directly related to Vanderbilt’s strategic initiatives.
Prepare and review monthly financial reports to identify trends and update expectations.
Implement and facilitate strategic initiatives of the University and area.
Produce, organize, and present information to succinctly and effectively provide financial management information.
Interpret information provided by others and advise how the information or request aligns ordiffers with area and University strategies and financial plans.
Focus on attaining and sustaining long-term financial equilibrium and evaluate allproposals against this objective.
Review area resource portfolio and suggest prudent viable alternatives to achieve plannedor desired outcomes.
Actively partner and closely collaborate with key constituents to leverage opportunitiesand goals.
Coordinate, review and submit annual salary increases for faculty and staff as assigned.
Understand, educate, and enforce Vanderbilt University policies and procedures.
Develop, implement, and maintain departmental procedures, protocols and internalcontrols.
Advocate for best practices in management policies and responsible for implementing andmaintaining effective internal controls (as guided by internal audit and leadership recommendations) for fiscal activities throughout the area.
Assist in cultivating a culture where faculty and staff throughout the university understandtheir individual fiduciary roles and responsibilities.
Exercise delegated authority with prudent assessment of individual transactions (as guided by internal policies), considering the impact financially and operationally, mindful ofinternal controls as defined by the university and the assigned areas.
Review and approve further delegated authority and responsibility throughout the area.
Design, establish and maintain an administrative organizational structure to effectivelyand efficiently accomplish area and university goals and objectives while segregatingduties and mitigating risk
Develop a productive and effective working relationship with leaders across the university by actively seeking out communication and collaboration opportunities. Promote a unifiedview of Vanderbilt University’s interests and align departments to work toward common financial goals.
Continuously monitor and make recommendations to improve university wide processes.
Function as a technical expert within the area on budgetary, financial, accounting,operational, human resource, regulatory, and policy issues.
Update job and industry knowledge by participating in educational opportunities, readingprofessional journals and maintaining professional networks.
Advocate for change within assigned areas by assisting the university with the successfulimplementation of new financial and administrative procedures and systems. Serve as amajor point of contact for problem resolution.
Represent assigned areas and Finance on various University committees, provideinsightful and diplomatic feedback to the committee and communicate updates to the areaand other constituents within the University, as appropriate.
Recruits, develops, and retains a talented and diverse team
Supervise, evaluate performance, and develop professional development plans for direct reports.
Preferred Skills and Experiences
Demonstrated financial expertise; strong technical knowledge and skills; broad andthorough knowledge of GAAP, ot-for-profit accounting, budgeting, forecasting, andanalysis; understanding of both federal and state statutes and regulations related tofinances and accounting.
Skilled in Microsoft software and use of databases.
Management/ supervisory experience preferred.
Experience working in an academic setting preferred.
Demonstrated reliability, creativity, and change-management skills.
Experience using Oracle ERP and HCM systems
Job requires Bachelor's and 8 years of experience or the equivalent.
CPA and/or Master’s degree in Business Administration or related discipline
Located in Nashville, Tenn., and operating at a global crossroads of teaching and discovery, Vanderbilt University is a community of individuals who come to work each day with the simple aim of changing the world. It is a place where your expertise will be valued, your knowledge expanded and your abilities challenged. It is a place where your diversity — of culture, thinking, learning and leading ...— is sought and celebrated. It is a place where employees know they are part of something that is bigger than themselves, take exceptional pride in their work and never settle for what was good enough yesterday.
We have opportunities ranging from information technology, dining, communications and marketing, project management to athletics