Chief Financial Officer and Senior Vice President for Administration
Michigan Technological University
Location: Houghton, Michigan
Type: Full Time
Chief Financial Officer and Senior Vice President for Administration
About the University
Michigan Tech was founded in 1885 with a mission to train mining engineers in Upper Michigan’s Copper Country. The University has evolved into a leading public research institution, home to more than 7,000 students from 60 countries around the world. It offers more than 120 undergraduate and graduate degree programs in engineering, science and technology, forestry, business and economics, health professions, humanities, mathematics, and social sciences through seven colleges and schools. Its beautiful campus in Michigan’s Upper Peninsula overlooks the Keweenaw Waterway and is just a few miles from Lake Superior. More information on Michigan Tech can be found at: https://www.mtu.edu/about/facts/.
Michigan Tech’s enabling legislation calls on the University to provide the means for residents of Michigan to acquire knowledge that will contribute to state industry. Throughout its history, Michigan Tech has focused on application-oriented research and education in alignment with this charge from the legislature. Michigan Tech receives a greater proportion of its research funding from industry than any other university in the state.
About the Position
Reporting to the President, the Chief Financial Officer and Senior Vice President for Administration leads much of the non-academic administration of the university. The CFO holds primary responsibility for the accounting and investing of the University and the Michigan Tech Fund and serves as the Treasurer of University Board of Trustees and serves as a Director of the Michigan Tech Fund Board of Directors. The Chief Financial Officer helps to promote a collaborative, welcoming environment and serves as the executive officer directly responsible for providing leadership and general management of the following financial service units:
Bachelor’s degree in a relevant discipline is required; a CPA or a Master's degree is preferred.
Extensive financial and budget management experience in an institution of higher education is required. Financial experience with State appropriations and university research is strongly preferred.
Strong leadership and strategic planning abilities.
Strong ability to lead and manage teams of people, and the ability to partner with and influence senior management, peers and others using a collaborative style.
The ability to project a strong positive image of the University through interaction with all constituencies conducting business with the University, including the media.
Demonstrate executive problem-solving skills and the ability to organize and manage complex functions.
Ability to drive and manage change in an academic environment.
Exceptional aptitude in financial activities management.
Significant experience in contract review and management.
Skilled in using financial management software commonly used in higher education.
Excellent written and verbal communication skills.
Demonstrated success in working with persons from diverse backgrounds, creating a sense of belonging, and fostering a fair, objective, welcoming place to work for persons with a wide variety of personal characteristics and viewpoints.
Successful track record of innovation is preferred.
Understanding of and respect for shared governance and an ability to communicate and collaborate with students and University Senate, as needed and appropriate.
Essential Duties and Responsibilities
Promote the financial well-being of the University by providing budget management, monitoring appropriate investments of temporary cash balances, exercising executive control over University budgets, and safeguarding all financial assets of the University.
Advise the President, senior University administration officers, and members of the Board of Trustees on issues relating to the financial status of the University by serving as a member of the President’s Council and reporting financial information as Treasurer at Board of Trustees meetings, including budget updates, cash flow analysis, debt capacity analysis, and long-range forecasts, and by preparing additional reports, recommendations, findings, and other communications and presentations as required.
Facilitate a work environment that encourages knowledge of, respect for, and development of skills to engage with those of other cultures, backgrounds, and viewpoints.
Help ensure achievement of the goals and objectives of the University by overseeing the preparation of an annual appropriations request to the State of Michigan and overseeing the preparation of an internal budget using budget models to project future revenue and following established policies for expenditures.
Ensure compliance with professional accounting standards, rules, regulations, and laws by directing, supervising, and facilitating the preparation and maintenance of required and appropriate financial records, monthly and annual financial reports, and all other financial reporting as may be required by federal, state, local agencies, or established accounting standards.
Facilitate the governance of the University by providing financial information to the Board of Trustees and implementing the Board’s decisions through the establishment of policies, procedures, and guidelines.
Prevent institutional liability in financial operations by facilitating the access of the independent auditors to requested records during the conduct of the University's annual audit.
Ensure compliance with the institutional mission of the University by working with unit managers to develop and review unit plans, goals, and objectives, assuring development of effective business processes incorporating automation with appropriate technologies, designing systems of effective controls to guide work toward expected outcomes, and evaluating progress towards their accomplishment.
Ensure academic programs are provided the financial information necessary to support innovation and growth, such as preparation of financial reports and the development of incentive funding and cost recovery models.
Ensure efficient and effective operation of the procurement function by overseeing procurement services, property and receiving as well as all University real estate transactions and risk management/insurance analysis and transactions.
Enable employees to perform their assigned tasks by overseeing the preparation and implementation of the annual budget for Financial Services.
Explore innovative and forward-thinking models of higher education funding to ensure financial viability and success of the institution.
Remain competent and current by reading professional journals and literature, developing professional contacts with colleagues, attending professional development courses, and attending training and/or courses as appropriate.
Ensure that miscellaneous assignments are completed in the best interests of the University by accepting and accomplishing all other tasks assigned by the President.
The Search Committee invites nominations, applications (a letter of interest, resume, and the names and contact information of five or more references) or expressions of interest to be submitted to the search firm assisting Michigan Technological University. Confidential review of materials will begin immediately and continue until the position is filled. It is preferred, however, that all nominations and applications be submitted to the search firm prior to November 17, 2022.
For additional information, please contact:
Laurie C. Wilder, President
Porsha L. Williams, Vice President
Jacob C. Anderson, Senior Principal Parker Executive Search Five Concourse Parkway, Suite 2875
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Michigan Technological University is an Equal Opportunity Educational Institution/Equal Opportunity Employer that provides equal opportunity for all, including protected veterans and individuals with disabilities.