Department
PATHOLOGY AND LABORATORY MED (IN-PATH-IUINA)
Job Summary
Indiana University School of Medicine (IUSM) Department of Pathology and Laboratory Medicine is seeking an accomplished and collaborative Financial Leader to provide strategic and operational financial leadership for a complex academic and clinical department. Pathology and Laboratory Medicine is a state-wide operation, meaning the role will support financial transactions and agreements that flow between Indiana University (IU) Health Medical Group and the IUSM Department of Pathology and Laboratory Medicine. Clinical faculty are dually employed, affording experience in a highly matrixed environment.
Department-Specific Responsibilities
- Builds out finance in the Department of Pathology and Laboratory Medicine.
- Supervises financial staff and collaborates extensively with faculty, departmental leadership, grants administration, and university and IUSM partners, which affords mentoring the next generation of financial leaders.
- Serves as a key financial advisor to departmental leadership and will be responsible for ensuring the integrity, effectiveness, and long-term sustainability of the departments financial operations.
- Combines strong financial and analytical expertise to translate complex financial information into actionable recommendations for faculty and administrative leaders.
- Performs financial planning and analysis, budgeting and forecasting, account management, auxiliary operations, foundation funds, capital planning, and financial process improvement.
- Serves as a trusted financial advisor to departmental leadership, providing analysis and recommendations to support strategic and operational decision-making.
- Provides supervision, direction, coaching, and development for departmental financial staff.
- Collaborates closely with the departments grants administration team to support effective financial management across sponsored and non-sponsored activities.
- Leads development of the departments annual budget and maintains comprehensive rolling forecasts across departmental operations.
- Develops long-range financial models and tracking tools for departmental research programs.
- Analyzes financial performance, identifies emerging risks and opportunities, and recommends appropriate actions.
- Develops clear financial presentations that enable faculty and departmental leaders to understand financial performance and make informed decisions.
- Provides oversight for the reconciliation and financial management of approximately 155 departmental accounts.
- Oversees financial transactions and approvals and serves in appropriate financial-delegate capacities.
- Manages the departmental foundation portfolio and associated gift agreement terms.
- Maintains strong financial controls and ensures compliance with university policies, accounting standards, and applicable regulations.
- Performs ongoing analysis of industry-sponsored clinical trial operations to ensure appropriate rates, cost recovery, and margins.
- Conducts financial feasibility analyses for new instrumentation, testing, and related IU clinical and IU research businesses.
- Evaluates opportunities for new auxiliary operations and other revenue-generating activities.
- Provides financial guidance and training to principal investigators, grant coordinators, and other departmental stakeholders.
- Participates in university and school-wide strategic initiatives involving funds flow, financial processes, and changes to institutional business practices.
- Promotes accountability, collaboration, continuous improvement, and high standards of financial stewardship.
General Responsibilities
- Oversees the analysis of financial performance in university units.
- Develops short-term and long-term business plans, creates policies and procedures, and analyzes past financial performance.
- Supervises and trains Financial Analysts to ensure application of best-practice techniques and efficiency of day-to-day operations.
- Prepares and presents financial analyses and recommendations to senior management.
- Provides expert advice on all levels of financial activity and interpretation of financial policies to Financial Analysts and senior management.
- Follows crucial economic, industrial, and corporate trends by analyzing financial reports; implements relevant data into the organizations financial decision-making.
Qualifications
Combinations of related education and experience may be considered. Education beyond the minimum required may be substituted for work experience. Work experience beyond the minimum required may be substituted for education.
EDUCATION
Required
- Bachelors degree in accounting, finance, or related field
Preferred
- Masters degree in accounting, finance, or related field
WORK EXPERIENCE
Required
- 4 years in finance, financial administration, accounting, or related field
Preferred
- 1 year of management experience in relevant field
- Significant progressively responsible experience in financial management, administration, accounting, budgeting, or a related functional area
- Demonstrated experience with budgeting, forecasting, financial modeling, financial reporting, and financial analysis
- Experience interpreting financial information from accounting, policy, and operational perspectives
- Experience working with large-scale financial systems and managing complex financial operations
SKILLS
Required
- Ability to analyze and interpret financial data
- Demonstrated analytical skills
- Excellent interpretation of complex statistical data
- Demonstrated written communication skills
- Articulate and responsive to colleagues
- Develops and delivers effective presentations
- Excellent collaboration and team building skills
- Ability to lead/manage others
- Instills commitment to organizational goals
- Assumes personal responsibility for actions
- Demonstrates a high level of accuracy, even under pressure
- Ability to work within tight time frames and meet strict deadlines
Preferred
- Excellent verbal communication skills
- Excellent interpersonal skills
- Excellent organizational skills
- Strong understanding of accounting principles and financial controls
- Demonstrated ability to manage multiple priorities and complex projects effectively
Working Conditions / Demands
This role requires the ability to effectively communicate and to operate a computer and other standard office productivity equipment. The position involves sedentary work as well as periods of time moving around an office environment and the campus. The person in this role must be able to perform the essential functions with or without an accommodation.
Additional Information
This role will report to the Vice Chair for Clinical and Academic Administration, a leader who has been in role within the organization for 14 years. The nature of this work affords substantial mentoring from the Vice Chair to the Financial Leader, making this a growth opportunity for those with aspirations in executive leadership.
Benefits Overview
For full-time staff employees, Indiana University offers a wide array of benefits including:
- Comprehensive medical and dental insurance
- Health savings account with generous IU contributions
- Healthcare and dependent care flexible spending accounts
- Basic group life insurance paid by IU
- Voluntary supplemental life, long-term disability, critical illness, and supplemental accidental death & dismemberment insurance
- Base retirement plan with generous IU contributions, subject to vesting
- Voluntary supplemental retirement plan options
- Tuition subsidy for employees and family members taking IU courses
- 10 paid holidays plus a paid winter break each year
- Generous paid time off plans
- Paid leave for new parents and IU-sponsored volunteer events
- Employee assistance program (EAP)
Learn more about our benefits by reviewing the IU Benefit Programs Brochure.
Job Classification
Career Level: Sr. Operational
FLSA: Exempt
Job Function: Finance
Job Family: Financial Analysis
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Posting Disclaimer
This posting is scheduled to close at 11:59 pm EST on the advertised Close Date. This posting may be closed at any time at the discretion of the University, but will remain open for a minimum of 5 business days. To guarantee full consideration, please submit your application within 5 business days of the Posted Date.
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