Director of Finance - Florida Atlantic University

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Position Summary:


Florida Atlantic University is seeking a Director of Finance - Boca Raton, FL.




The Director of Finance is a key leadership role within the College of Medicine, responsible for participating in the oversight of the financial operations of the medical school the clinical practice, and graduate medical education (GME) and other functions deemed necessary by the Dean. This position plays a critical role in financial planning, analysis, and decision-making to support the strategic goals and financial sustainability of the College of Medicine.




Key Responsibilities:

+ Financial Planning and Analysis: Develop and manage the annual operating budget for the College of Medicine, which may include clinical practice plans and GME programs at affiliate sites. Provide financial forecasting, modeling, and analysis to support strategic decision-making, resource allocation, and revenue optimization. Collaborate with senior leadership to establish financial goals and objectives.

+ Practice Plan Management: Participate in the financial management and operations of the College of Medicine's practice plan, which may include physician billing, collections, revenue cycle management, and compliance with regulatory requirements. Develop and implement financial policies and procedures to ensure effective financial controls, operational efficiency, and revenue optimization.

+ Assist the Dean’s Office with oversight of the Self Insurance Plan (SIP) and development of an effective information security and risk management strategy.

+ Work closely with College of Medicine leadership and clinical faculty, hospital leadership, community-based physicians, to provide an efficient and accountable service-oriented infrastructure.

+ Graduate Medical Education (GME) Financial Management: Manage the financial aspects of the GME programs within the College of Medicine. Coordinate budgeting, financial reporting, and financial analysis for GME programs, including resident and fellow stipends, educational expenses, faculty salaries, and program development costs. Ensure compliance with funding regulations and reporting requirements.

+ Work closely with the Dean’s Office to provide vision, support and strategic direction to the Dean, Designated Institutional Official (DIO), affiliated hospital leadership and physician practice groups in the development, organization and the delivery of residency training programs.

+ Continually enhance the collaborative relationship between the College of Medicine Graduate Medical Education (GME) programs, the GME Consortium, and other College of Medicine clinical affiliates/partners to move the academic health care training and research agenda forward.

+ Assist the Dean’s Office in providing support to the DIO and Program Directors on the development of the GME program and the structuring of the financial management of GME with all affiliated training sites, including financial projections, information management and funds flow for all programs

+ Guide the DIO in the preparation of annual budgets and oversee and report on budget execution throughout the year to achieve business objectives

+ Financial Reporting and Compliance: Prepare and present financial reports, statements, and analyses to senior leadership, department chairs, and other stakeholders. Ensure accuracy, integrity, and compliance with accounting principles, regulatory guidelines, and institutional policies. Collaborate with internal and external auditors for financial audits and reviews.

+ Financial Strategy and Improvement: Develop and implement financial strategies, initiatives, and process improvements to enhance financial performance, optimize revenue generation, and control costs within the College of Medicine. Identify and evaluate revenue diversification opportunities and cost-saving measures to improve financial sustainability.

+ Financial Partnership and Stakeholder Engagement: Collaborate with department chairs, faculty, administrators, and external partners to provide financial guidance, support, and analysis. Serve as a strategic partner to support academic and clinical departments in achieving financial goals, managing resources effectively, and optimizing revenue opportunities.

+ Team Leadership and Development: Lead and manage a team of finance professionals, providing guidance, mentorship, and support for their professional growth and development. Foster a culture of collaboration, accountability, and continuous improvement within the finance team.

+ Perform other job-related duties as assigned by the Dean.






T he College of Medicine at Florida Atlantic University seeks scholars who are committed to supporting the learning needs of students from diverse backgrounds and to thoughtfully engaging all communities in higher education. Florida Atlantic University embodies a culture of strategic and collaborative community engagement that results in mutual benefit to the institution and the various internal and external communities that it serves.





FAU Benefits and Perks:





If Benefits & Perks are important to you, then FAU is the place to be! Working at FAU has its perks ! In addition to helping drive change and having a positive impact by supporting our students, staff, and faculty, FAU offers:

+ Excellent benefit packages including Medical (PPO/HMO $50 per month single & $180 per month family), Dental, Vision, Life Insurance, Flexible Spending plans, Employee Assistance Program (EAP) and much more.

+ State retirement options including tax-deferred annuities and Roth 403(b) plans.

+ State employees Public Service Loan Forgiveness (PSLF) program - https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service

+ Flexible work arrangement plans - https://www.fau.edu/hr/employee_relations/flexwork.php

+ Sick Leave Pool Program

+ Paid time off (eligible employees) including vacation and sick leave, 1 personal day, 9 paid holidays, and paid winter break (at President’s discretion).

+ Paid Community Engagement Volunteer Service Day - https://www.fau.edu/hr/documents/community-engagement-volunteer-leave4-2015.pdf

+ Employee Educational Scholarship Program (EESP) for eligible Staff/Faculty - Tuition assistance after 6 months of full-time employment. For in-unit faculty, the EESP program may be extended to spouses and dependent children (eligibility rules apply).






For details on FAU's amazing offers visit us at https://www.fau.edu/hr/benefits/index.php






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Minimum Qualifications:

A master's degree from an accredited institution in an appropriate area of specialization and six (6) years of appropriate experience; or a bachelor's degree from an accredited institution in an appropriate area of specialization and (8) years of appropriate experience required.




Preferred Qualifications/Skill:


Master’s degree, particularly MBA/MHA with a field of study in finance, accounting, business administration, or a related field.


CPA certification.


Extensive experience in finance, accounting, or related roles within a healthcare or academic environment, preferably within a college of medicine.


Strong knowledge of financial management principles, practices, and regulatory requirements related to healthcare finance, physician practice management, and GME funding.


Experience in practice plan management, including physician billing, revenue cycle management, and compliance with regulatory guidelines.


Demonstrated experience in financial planning, budgeting, forecasting, and financial analysis.


Excellent analytical, problem-solving, and decision-making skills, with a focus on data-driven insights.


Proficiency in financial software systems and tools, as well as advanced knowledge of spreadsheet and financial modeling applications.


Strong leadership, communication, and interpersonal skills, with the ability to collaborate effectively with diverse stakeholders.





Salary:

Commensurate with experience.





College or Department:

College of Medicine





Location:

Boca Raton





Work Days and Hours:

Monday - Friday, 8 a.m. - 5 p.m. Occasional evenings and weekends as needed.





Application Deadline:

2024-12-12





Special Instructions to Applicant:

APPLICATION DOCUMENTS REQUIRED:


Resume







OFFICIAL SEALED TRANSCRIPTS REQUIRED:

Final candidate will be required to have official, sealed transcripts and original NACES evaluation, if applicable, sent from their educational institution to Human Resources prior to the start of employment.




PRE-EMPLOYMENT SCREENINGS REQUIRED:

Selected candidates must successfully complete and pass all employment screenings prior to the start of employment. Employment screenings may include a criminal background check (level I and level II), motor vehicle check, credit check, reference checks, alcohol, and drug screening check.




REQUEST FOR ACCOMMODATIONS:

Individuals with disabilities requiring accommodations may contact Human Resources at 561-297-3057. For inquiries concerning employees, job applicants or other available accommodations, please email accommodate@fau.edu or call the Office of Civil Rights and Title IX at (561) 297-3004.



As a Hispanic-serving institution, Florida Atlantic University (FAU) is one of the most racially and ethnically diverse institutions in the Florida state university system. We are committed to recruiting and retaining talented faculty and staff. We embrace our shared responsibility to create and celebrate a welcoming and inclusive campus environment for all. Our community features excellent schools, a vibrant and safe community, and a sub-tropical climate conductive to year-round outdoor activities.


Florida Atlantic University is where your future begins.




With over 30,000 students from all 50 states and over 180 countries, 21 intercollegiate teams, 180 plus degree programs, and an administration that thrives on discovery and excellence, Florida Atlantic University is pushing the boundaries of higher education. At FAU, the faculty and staff are trailblazers and innovators with a passion for finding creative solutions while advancing science, art and technology in all disciplines. Student success, excellence and community engagement are some of our highest values as a university. These values are prominent throughout FAU's community and are essential to the employee experience. FAU is committed to the principles of engaged teaching, research and service, and reflects this commitment as a key Platform in its 2015 - 2025 Strategic Plan. Our work environment is a hub of cultures from across the nation and the world, making FAU a place where collaboration flourishes. All persons aspiring to achieve excellence in the practice of these principles are encouraged to apply.




To learn more about the vision and mission of FAU, please visit: www.fau.edu




In order to be considered for a position, you must apply through this job website. For more information on how to apply for a position, please review the applicable Applicant Tutorial (http://fau.edu/jobs/applicant-resources/) . To contact Recruitment Services, send an e-mail to jobs@fau.edu.




Florida Atlantic University is an equal opportunity/affirmative action/equal access institution and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veterans status or any other characteristic protected by law.




Individuals with disabilities requiring accommodation, please call 561-297-3057. For communication assistance, call 7-1-1.




Clery Act Information (https://www.fau.edu/police/clery.php)




Florida Statute 1010.35 - Screening Foreign Researchers


Pursuant to Florida law, any applicant or student seeking employment in a research or research-related support position who is a citizen of a foreign country and not a permanent resident of the U.S., or who is a citizen or permanent resident but is affiliated with or has had at least 1 year of employment or training in China, Russia, Iran, North Korea, Cuba, Venezuela, or Syria is subject to additional screening. Applicants meeting those criteria will be required to provide the following information before any offer of employment can be made: every institution of higher education attended; all previous employment since the applicant’s 18th birthday; list of all published material, current and pending research funding from any source, including details about the research, your role, funding source, and amount; list and description of any non-university professional activities; any affiliation with an institution or program in a foreign country. Selected applicants will be required to provide additional information per the Statute, including a complete copy of your passport; and, if available, the most recently submitted DS-160 (Online Nonimmigrant Visa Application).

Florida Atlantic University is an equal opportunity/affirmative action/equal access institution and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veterans status or any other characteristic protected by law.

Individuals with disabilities requiring accommodation, please call 561-297-3057. For communication assistance, call 7-1-1.