Stanford University School of Medicine is recruiting a Financial Manager in its Budget and Financial Planning group. Reporting to the Associate Director, Budget and Financial Planning and working closely with the Assistant Dean, Budget and Financial Planning, this position will assist in developing the School of Medicine's 15-year financial forecast and the School's annual consolidated budget of approximately $4.5 billion, and managing high-visibility, wide-ranging financial analysis projects.
The Financial Manager will work closely with departments, units, and programs to coordinate the annual budget process and assist in the set-up of budget tools. S/he will also perform financial analysis and present budget data to her/his immediate management team as well as other senior financial managers throughout the School. On behalf of the Assistant Dean, Budget and Financial Planning, s/he will make recommendations to senior management in the areas of forecasting and budget process improvements.
This challenging position could require you to identify and resolve unique issues and conduct in-depth analysis using your advanced technical knowledge and experience. We may also rely on you to develop solutions that bring about policy changes and serve as a subject matter expert for complex technical or financial issues.
As one of the world’s premier research institutions, Stanford University has launched hundreds of initiatives solely for the betterment of humanity. There is a commitment to fostering a workplace culture that promotes diversity, collaboration, and professional growth. Our culture offers career development programs, competitive pay that reflects market trends, and benefits that increase financial stability and promote healthy, fulfilling lives. Come experience a culture of excellence.
Desired Qualifications:
- Bachelor’s degree in Business, Engineering, Finance, or Accounting.
- Expertise in budget applications and advanced PowerPoint and Excel / Google Sheets functions, including pivot tables and graphing.
- Ability to craft impactful presentations to enhance financial transparency and deliver financial analysis results and implications.
- Exceptional quantitative and financial analytical skills, especially with financial projections and forecasting.
- Ability to take initiative and ownership of projects.
- Strong problem-solving skills, working with stakeholders and other team members to fully analyze issues and develop insights and actionable recommendations.
- Expertise in institutional accounting systems, databases, data extraction methods, and report presentation.
- Self-starter and demonstrated capability to gain the respect of others, influence people of varying levels of authority in multiple organizations, and elicit cooperation without direct authority.
- Understanding of fund accounting and the operations of a medical school.
- Knowledge of Stanford's Oracle financial systems, data structures, and methods of report generation is highly preferable.
This position can be either remote or hybrid (working on-site and working from home). Will need to be on-site a few days a week if hybrid subject to operational need.
This role is open to candidates anywhere in the United States. The compensation for this position will be based on the location of the successful candidate. The expected pay range for this position is $150,130 to $230,000 per annum.
Stanford University provides pay ranges representing its good faith estimate of the salary or hourly wage the university reasonably expects to pay for a position upon hire. The pay offered to a selected candidate will be determined based on factors such as (but not limited to) the scope and responsibilities of the position, the qualifications of the selected candidate, departmental budget availability, internal equity, geographic location, and external market pay for comparable jobs.
At Stanford University, base pay represents only one aspect of the comprehensive rewards package. The Cardinal at Work website (https://cardinalatwork.stanford.edu/benefits-rewards) provides detailed information on Stanford’s extensive range of benefits and rewards offered to employees. Specifics about the rewards package for this position may be discussed during the hiring process.
Core Duties:
- Perform highly analytical, complex finance and control functions; multi-dimensional and complex reconciliations and related analysis; prepare or review and approve complex transactions and higher level dollar value transactions.
- Research, and synthesize data for broad areas; develop complex financial analyses, budget and forecasting scenarios, long-range planning, and analyses. Perform root-cause analysis and synthesis, draw conclusions, and propose solutions.
- Develop complex financial reports and presentations, design and run ad hoc reports, and prepare or review complex transactions to support the stewardship of university resources. Provide consultation to senior leadership to interpret results
- Prioritize, identify, and resolve strategic and unit/department issues; recognize exceptions, recommend and develop resolutions and implement solution. Ensure effective and efficient delivery and integration of all financial services for area of responsibility.
- Design an effective system of internal controls for area of responsibility utilizing strategic analysis of interrelationships of financial processes, policies, and procedures; implement and ensure compliance programs.
- Lead multiple complex, high-visibility process innovation projects. Develop, champion and implement strategic initiatives with significant impact. Empower action, remove obstacles, enable constructive feedback and support from leaders, and reward and recognize progress and achievements.
- Develop, assess, and continuously improve systems and processes to achieve greater efficiencies and improve internal controls. Design and provide training on new financial systems.
- Analyze problems in business critical systems, and identify risks, solutions, and strategies; act as business owner of project.
- Represent organization to client group(s) and leaders: serve as subject matter expert on matters that involve complex technical, financial, or subject matter expertise.
- Assess client and business needs, and formulate recommendations to determine approach to managing and completing processes.
- May supervise, train, coach, and review the work of other staff, as needed. Contribute primarily through applying individual expertise.
Minimum Education and Experience
Bachelor’s degree and eight years of relevant experience or combination of education and relevant experience.
Knowledge, Skills and Abilities:
- Expert proficiency in business applications, such as Microsoft Office suite, especially Excel.
- Advanced knowledge of Enterprise Resource Planning and financial systems; internet and computer literacy.
- Knowledge of Generally Accepted Accounting Principles (GAAP).
- Advanced professional communication skills, including ability to prepare materials for and clearly and effectively communicate information to internal and external audiences, client groups, and all levels of management.
- Advanced project management skills and ability to lead large multi-functional teams.
