at Northwestern University in Chicago, Illinois, United States
Job Description
Apply for Job
Job ID50454
LocationChicago, Illinois
Add to Favorite Jobs
Email this Job
Department: MED-Dept of Medical Education
Salary/Grade: EXS/8
Job Summary:
The Department of Medical Education is the unifying force behind all health professions educational programming, innovation and scholarship at Northwestern University Feinberg School of Medicine and its affiliated institutions. The Department encompasses many of the programs that make Feinberg unique and extraordinary, and central to its mission is the support, development and recognition of Feinberg faculty members in their roles as educators.
Reporting to the Senior Director for Education, the Sr. Financial Administrator manages the Department's budgets, financial operations and analysis, as well as those of the programs and units within the Department of Medical Education (including Augusta Webster, MD, Office of Medical Education (AWOME), Physician Assistant (PA) Program, Northwestern Simulation (NU SIM), MD Admissions, and Office of Continuing Medical Education).Responsibilities include budget planning, quarterly forecasting, reporting and year-end close activities, as well as development and implementation of the processes and workflows that support the Department's financial activities, ensuring appropriate reconciliation and reporting.Manages daily, monthly, quarterly financial process for the Department.Applies industry and professional standards, interprets university policy and procedure, federal and state laws, granting agency guidelines, and other regulations (as applicable); recommends accounting policy for the university.Represents &/or guides Department on internal & external financial affairs by recommending alternatives & suggestions.Leads and performs all aspects of post-award financial management for sponsored projects.
The Financial Administrator collaborates regularly with senior leadership, faculty and staff across the Department, as well as in the Dean's Office, ensuring accuracy and alignment of budgets through forecasting, annual budget & salary planning and year end close.
The individual in this position, Manages a university accounting-related area or program. Manages financial operations &/or analysis in support of area/unit's mission & in coordination with central offices such as HR, Budget, Financial Aid, Facilities, Purchasing, IT, Provost, etc.Reviews a portfolio of multiple schools/depts' financial operations comprised of work that involves some extremely difficult problems &/or decisions. Manages daily, monthly, quarterly and annual financial pocesses for the area or program. Applies industry and professional standards, interprets university policy and procedure, federal and state laws, granting agency guidelines, and other regulations (as applicable); recommends accounting policy for the university. Represents &/or guides business area on internal & external financial affairs by recommending alternatives & suggestions. Leads and performs all aspects of post-award financial management for sponsored projects.
Specific Responsibilities:
Budget:
Serves a primary role in the development & implementation of annual budget including fiscal resource allocation of appropriated, discretionary, endowment & gift revenues & expenses.
Manages budget & provides timely, accurate financial status for the current fiscal & future plan.
Guides units of responsibility through university budgeting and forecasting processes, reviews budget and forecasting submissions.
Acts a Budget Office expert on units and functions within portfolio of responsibilities.
Coordinates & completes all associated fiscal year close/open processes.
Reviews & reconciles actual expenses to budget per NU Audit guidelines.
Approves funds reallocation within budget as necessary & appropriate.
Analysis, Statements & Reporting:
Measures individual net performance of all areas/units as well as consolidated area/unit income statement & balance sheet with the use of pre-defined analytical financial tools.
Recommends changes to tools to improve analysis, forecasting, modeling & reporting & ultimately quality of financial information & analyses provided to management for planning, evaluating & controlling operations.
Establishes proper accounting & audit trails for revenue & expenses related to programs & initiatives.
Oversees monthly reconciliation & reports on current financial performance, impact on year-end forecast & opportunities & risks.
Prepares area or program financial statements and regulatory reports.
Acts as the key contact for external auditors; prepares financial statement and audit... For full info follow application link.
Northwestern University is an Equal Opportunity, Affirmative Action Employer of all protected classes, including veterans and individuals with disabilities. Women, racial and ethnic minorities, individuals with disabilities, and veterans are encouraged to apply.
