Director, Finance, University of Michigan Library

Title: Director, Finance, University of Michigan Library

  • Reference #: 96293
  • Employer: University of Michigan
  • Website:
  • Salary: $90,000.00 – $115,000.00
  • Working hours: 40
  • Location: Ann Arbor, MI
  • Job Description:

    How to Apply
    A cover letter is required for consideration for this position and should be attached as the first page of your resume. The cover letter should address your specific interest in the position, include salary requirements, and outline skills and experience that directly relate to this position.

    Job Summary
    The University of Michigan Library, one of the largest academic research libraries in the world, leads the reimagining of the research library in this digital era, which is rife with challenges and opportunities. We are transforming the way libraries organize, preserve, and share access to knowledge in service of the mission of one of the world's leading research universities, whose 19 schools and colleges and dozens of internationally recognized departments and programs generate over $1.33 billion in annual research expenditures.

    The University of Michigan Library seeks a collaborative, innovative, and service-oriented leader for the position of Finance Director. The Finance Director is responsible for establishing long-range goals, strategies, plans and policies relating to the budget and finance functions of the University of Michigan Library. As a member of the Executive Council, the director provides leadership and advice to promote budgeting and spending in a manner consistent with the overall strategy and management of the Library. Key responsibilities include: financial accounting and reporting; operating and capital budget planning, allocations, and monitoring; financial analysis; administrative data maintenance and management decision support; cost accounting; commitment tracking; and managing the finance team.

    Because we are committed to diversity, we aspire to develop and nurture the individual and collective skills to recognize, celebrate, and deploy difference as a path to engagement, innovation, and the generation of new ideas and knowledge. As part of the University of Michigan Library's executive team, the finance director is expected to promote, leverage and celebrate diversity and inclusion in the workplace.

    Financial Management
    - Plan, develop, organize, implement, direct and evaluate the budget and finance functions and performance to assure long-term financial strength and capacity while maintaining flexibility to respond to program opportunities and financial contingencies as they arise.
    - Guide the successful operation of the accounting/financial functions for fund areas, including general, designated, gift and other funds, in accordance with generally accepted accounting principles, federal and state regulatory requirements and University policies.
    - Provide timely and comprehensive analysis of an annual budget of more than $60 million, including providing financial reports and analyzing financial trends in order to assist the Dean and the senior leadership team in making decisions and allocating resources. Enhance the availability of reports and metrics.
    - Ensure effectiveness and efficiency in the business operations and ensure the existence of appropriate internal controls to execute the financial stewardship responsibilities of the Library. Ensure compliance with university, local, state, and federal budgetary reporting requirements.
    - Execute a participatory budget planning process and regular monitoring and reporting of actual results in comparison to the resource plans. In conjunction with the Executive Associate Director, coordinate the budget planning and financial management activities as they interface with the University's Provost and CFO offices.
    - Contribute to the reputation, credibility, and stature of the Library by effective representation to all University operations, peer libraries, or other higher education institutions and associations. Serve on Library committees and University-wide committees as needed.

    Strategic Management
    - Advise the Dean and Executive Council on strategic issues and financial implications. Oversee long-term budgetary planning and cost management to assure alignment with the Library's goals and strategic priorities.
    - Assess organizational performance against both the annual budget and the Library's long-term strategy.
    - Develop tools and systems to provide critical financial and operational information to the Dean and make actionable recommendations on both strategy and operations.
    - Enhance and/or develop, implement and enforce policies and procedures by way of systems that will improve the overall operation and effectiveness of the organization.

    Team Management
    - Lead the Library Finance department made up of nine team members including a finance manager, budget analysts, business manager and finance associates. Select, train, manage, evaluate, coach and counsel staff. Supervise staff in their daily activities and provide strategic direction and prioritization of work.
    - Evaluate the finance structure and policies for continual improvement of the efficiency and effectiveness of the group and provide individuals with professional and personal growth opportunities and direction.

    Required Qualifications*
    - Bachelor's degree in accounting, finance, business or related field and ten or more years of relevant experience with a successful record of managing financial operations and budgets to support organizational priorities, or equivalent combination of related education and experience
    - Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles and federal and state financial regulations.
    - Experience in strategic planning and execution with strong analytical skills and experience interpreting a strategic vision into an operational model.
    - Ability to produce and analyze financial data and prepare financial reports, statements, and projections.
    - Proven ability to successfully interact with a diverse group of people and the ability to leverage multiple backgrounds, opinions and priorities.
    - Excellent communication (listening and speaking), diplomacy, discretion, and presentation skills.
    - Experience with supervision and process improvement. Proven ability to lead and work in a team environment.
    - Ability to work effectively in a dynamic environment with multiple and sometimes conflicting priorities.
    - Ability to meet deadlines consistently.
    - Proficiency in MS Office applications (Word, Excel, PowerPoint).

    Desired Qualifications* - MBA or graduate-level degree in Finance or Accounting is preferred

  • Other Info:

    For more information, or to apply for this job, please visit the following link.

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