A cover letter is required for consideration for this position and should be attached as the first page of your resume. The cover letter should address your specific interest in the position and outline skills and experience that directly relate to this position.
The Division of Student Life (Student Affairs) oversees an auxiliary enterprise at the University of Michigan, Ann Arbor which includes core student services, programs, and facilities funded primarily through self-generated revenue with an annual budget of approximately $170 million. Student Life seeks a Director of Student Life Auxiliary Business Analysis who will perform financial and cost accounting analysis of business data, and provide budget and decision-making support to leadership, while utilizing knowledge of products and operations to generate and package reports and intelligence that enable strategic business decisions.
This position will oversee creation of periodic and ad hoc financial reports relating to operational and financial effectiveness, oversee management of financial data from various accounting and information systems, budgets, cash flow and capital projects pro forma for decision-making.
The U-M Student Life auxiliary and quasi-auxiliary units include: University Housing, University Unions, Michigan Dining, Conference and Events Services, University Health Service, Capital Projects, Marketing, and Recreational Sports, as well as their core associated facilities and sub-units. The Director of Auxiliary Business reports to the Associate Vice President for Student Life for Finance and Human Resources, works regularly with the Associate Vice President for Student Life for Auxiliaries and various auxiliary unit Directors, and works in close collaboration with Director of Student Life Business and Finance.
Strategic Financial Planning and Evaluation – 20%
• Provide high-level budget analysis and planning, revenue and profitability reports, comparative market analysis, enterprise-wide trend analysis, and proactive business intelligence
• Produce multi-year financial analyses and reports to assist planning and decision making
• Support development of and produce business plans for new revenue generating opportunities
• Work with both Associate Vice Presidents to support capital project planning, including development of pro-formas, cash flow, and debt schedules
• Partner with unit Directors to develop financial performance and economic impact measures to inform strategy and business decisions
• Predict future trends, provide recommendations on revenue generation, report on financial factors influencing performance
• Coordinate Auxiliary capital projects pro-forma development and related financial analysis
• Participate actively in Auxiliary Leadership Team including participation as needed in team meetings
Develop, Evaluate, and Analyze Metrics – 20%
• Research and analyze revenue, expense, and profitability variances
• Perform financial analysis of data in various financial systems
• Conduct proactive financial forecasts, trend analyses, and variance rationales
• Research benchmarks, support Directors’ analysis to provide tools to improve financial performance
Budget Creation & Analysis – 25%
• Coordinate annual budget process for Auxiliary units, assuring those with funds comprised of multiple operating areas are synchronized with unit leadership decision-making (e.g. Dining with both Housing and Unions)
• Maintain comprehensive budget history including rationales, records of revenue, expense, and salaries, funding agreements, and contracts
• Oversee preparation of monthly/quarterly/annual budget projections including variance analysis and narrative
• Recommend cost containment strategies, budget adjustments and other actions to help ensure units meet budget and strategic goals
Operations Consulting and Risk Mitigation – 15%
• Review auxiliary operating policies, recommend and enact appropriate controls
• Perform risk analysis and risk mitigation of areas within Auxiliary Enterprises (e.g., cash handling procedures, credit card transactions)
• Accountable for compliance with GASB, Sarbanes-Oxley, UBIT, PCI, and other regulatory guidance
Supervisory Responsibilities – 15%
• Oversee a team of accountants, analysts and clerks including providing ongoing performance coaching and conducting performance reviews. Develop employees to enable them to assume increasingly complex financial and budgeting assignments including training and succession planning
Other Duties – 5%
• Participate on cross-unit work and leadership teams to develop financial strategies to enhance the student and customer experiences throughout Student Life
This role may have reporting obligations under Title IX and Clery.
Please Note: Actual salary commensurate with experience and education.
These are the criteria that the hiring team will be evaluating the candidate for
Demonstrated skills in fiscal management, strategic analysis, and resource diversification in complex profit-loss driven organizations.
Excellent knowledge of planning, budgeting, financial, accounting principles, and functional analysis to aid data driven decision-making.
Demonstrated ability to build comprehensive financial cash flow models to assist in long term capital project planning.
Proficient in various applications, including spreadsheet, relational database, presentations, and word processing to assemble, manipulate and format data and reports. Excellent Excel, PowerPoint, and Word skills.
Strong customer service mentality and skillset along with inclusive relationship building skills.
Ability to communicate clearly and work effectively and collaboratively within a complex matrix organization.
Proficient in various applications, including spreadsheets, relational database, presentations, and word processing to assemble, manipulate, and format data and reports. Excellent Excel, PowerPoint, and Word skills
Abilities (i.e. ability to navigate change effectively, to lead a team, to work with cross-functional departments, etc)
Self-starter in initiating projects and process improvements
Ability to communicate clearly and work effectively and collaboratively within a complex matrix organization with multiple lines of accountability
All UM Organizational Competencies
Drive for Results
Developing Direct Reports & Others
This position has the oversight of preparation of Student Life Budgets of approximately $170 Million and direct responsibility Business Office budget of $ 1.8 million
This is an Exempt position and has its primary office in the Northwood Community Center, on North Campus of the University of Michigan. In a given week, this position will be required to be present on other campus locations.
U-M EEO/AA Statement
The University of Michigan is an equal opportunity/affirmative action employer.
MBA, CPA, or graduate-level degree in Finance, Business, or equivalent experience.
Minimum of eight years of progressively responsible financial management and/or leadership experience in a large, complex organization, with responsibility for activity based costing and or other cost accounting methods suitable to the auxiliary (profit-loss) operations.
Results driven and detail oriented.
Self-starter in initiating project and process improvements.
• Higher Education Auxiliary and Student Affairs experience.
• Business experience related to auxiliary housing, food service, and/or health care industries.
• Experience supervising a team of finance and accounting professionals.
• Demonstrated ability as a lead financial manager of a large organization.
• Demonstrated experience with change management and organizational development.
• Demonstrated Experience in strategic planning and execution and experience interpreting a strategic vision into an operational model.
• Knowledge of University of Michigan policies and procedures related to financial and administrative management; and experience with M-Pathways financial systems
Internal Number: 170193
Located in Ann Arbor, Michigan, the University of Michigan, founded in 1817, is a leader in undergraduate and graduate education and one of the world's premier research universities.