This position serves a dual role as Senior Deputy Director and Chief Financial Officer (CFO)/Treasurer. Reporting to and partnering with the Executive Director, the CFO will play a critical role in developing and implementing the financial strategy for the University of Kansas Medical Center Research Institute (“Research Institute”), Research Properties and KU Center for Technology Commercialization. The CFO will be responsible for overseeing all fiscal and fiduciary responsibilities of the organization in conjunction with the board of directors and the executive committee which has oversight of finance, audit, and investment activities. As Senior Deputy Director, the individual will provide on-going, executive-level leadership as well as represent the organization in the absence of the Executive Director.
Reasonable accommodations may be made to enable individuals with disabilities to perform the assign and essential functions.
Financial and Operational Management
Assess organizational performance against both the annual budget and the Research Institute’s operational plan. Develop tools and systems to provide critical financial information to the Executive Director and other stakeholders and make actionable recommendations as necessary.
Engage the executive committee with finance, audit, and investment issues, trends, and changes in the financial and/or operational model(s). Assist in establishing yearly objectives and meeting agendas, and selecting and engaging outside consultants (auditors, investment advisors).
Oversee long-term budgetary planning and costs management.
Manage cash flow and forecasting. Develop a reliable cash flow projection and reporting mechanism that includes minimum cash thresholds to meet operating needs. Optimize the handling of banking relationships and initiate appropriate strategies to enhance cash positions.
Maintain internal control safeguards and coordinate all financial audit activities.
Oversee the development and implementation of financial systems and practices.
Direct the planning and development to encourage dynamic and effective growth of three major financial services subdivisions: Accounting, Revenue & Fund Management and Systems & Data Analysis.
Design, implement and manage fund investments including investment policies, guidelines, and processes that will prudently achieve market rate return on invested funds of the Research Institute. Ensure that investments are safe through proper research and analysis. Evaluate the performance of various types of banking relationships and make recommendations regarding more efficient or prudent methods. Develop, review, and make recommendations for changes in investment policies in response to changing market conditions.
Shared responsibility with Legal Office for all matters related to risk management (e.g., general liability insurance) for the Research Institute and related interests.
Serve as treasurer on the Research Institute board, executive committee and all related subsidiary organizations. Serve as fiscal representative on select governance committees.
Work with the Executive Director to develop goals, objectives, policies and procedures to ensure efficient and effective management of the Research Institute.
Partner with the Executive Director to cultivate Research Institute board involvement in organizational activities and initiatives.
Assist the Executive Director in managing the relationship with the Bioscience Technology and Business Center management team.
As designated, represent the Research Institute in operational matters relating to the University.
Serve as Executive Director during their absence, as needed.
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. It is only a summary of the typical functions of the job, not an exhaustive list of all possible job duties, responsibilities, tasks and assignments. Furthermore, job duties, responsibilities and activities may change at any time with or without notice.
Possess a collaborative and flexible style, with a strong service mentality.
Outstanding communication skills, both oral and written. Strong presentation skills.
Demonstrated leadership ability, team management and the fostering of collaborative relationships.
Excellent analytical and abstract reasoning skills, plus exceptional organizational skills.
Proficient in computer applications including Microsoft Office, Word, Excel.
Education and/or experience equivalent to:
Master’s degree with an emphasis in accounting, financial management, investments or other relevant training.
CPA is a plus.
Education and/or experience equivalent to:
Bachelor’s degree in accounting, finance or a relevant field of study.
At least seven years’ experience in the role of CFO or equivalent in a nonprofit, healthcare and/or higher education setting.
Prior experience in financially managing multiple enterprises within a complex academic or university environment.
Significant experience in or knowledge of nonprofit accounting, including fund and grant accounting, tax regulations, compliance and reporting.
Thorough understanding of OMB Uniform Guidance.
Prior experience successfully partnering with information technology staff to manage financial management systems.
Internal Number: 1047
About KUMC Research Institute
The University of Kansas Medical Center Research Institute, Inc. is a private, not-for-profit 501(c)(3) corporation established to promote and support medical research and faculty invention disclosures. Established by the University of Kansas Medical Center in 1992, the Research Institute administers federally-funded and privately-funded research projects and Clinical Trials within the University of Kansas Medical Center with a major objective of enhancing the research capability of the University of Kansas Medical Center faculty for the benefit of the public.