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About Hofstra:
Hofstra University is a nationally ranked and recognized private university in Hempstead, N.Y. that
is the only school to ever host three consecutive presidential debates (2008, 2012 and 2016). At Hofstra, students get the best of both
worlds. Our campus is a leafy oasis just a quick train ride away from New York City and all its cultural, recreational and professional
opportunities. We offer small classes and personal attention, with the resources, technology and facilities of a large university. Students
can choose from more than 160 undergraduate program options and 165 graduate program options in the liberal arts and sciences, education,
health professions and human services, the Peter S. Kalikow School of Government, Public Policy and International Affairs, the Fred
DeMatteis School of Engineering and Applied Science, the Frank G. Zarb School of Business, the Lawrence Herbert School of Communication, the
Maurice A. Deane School of Law, the Hofstra Northwell School of Nursing and Physician Assistant Studies, and the Donald and Barbara Zucker
School of Medicine at Hofstra/Northwell. Hofstra University is a dynamic community of more than 11,000 students from around the world who
are dedicated to civic engagement, academic excellence and becoming leaders in their communities and their careers. Hofstra University is an
equal opportunity employer committed to fostering diversity in its faculty, administrative staff and student body. We especially encourage
women, people of color, members of the LGBTQ+ community, veterans and people with disabilities to apply.
Description:
The Director, School of Medicine (SOM) Financial Affairs reports to the Associate Dean for Operations
and Strategy and is primarily responsible for ensuring that all ZSOM functional areas operate within budget and in accordance with
University policies and procedures. In this highly visible role, the Director serves as the primary liaison with Hofstra University
Financial Affairs and Northwell Health Financial Affairs and therefore must demonstrate an ability to develop and cultivate relationships
across the university and health system. Incumbent will be responsible for developing and continually monitoring the School of Medicine
(SOM) budget, to process all financial transactions including payments, purchase orders, grants, invoices and contracts, and to prepare
and/or review financial reports for the university, health system, and board oversight committees.
Duties and responsibilities
include, but are not limited to:
• Partners with SOM deans and directors to create, maintain, evaluate, and project accurate
department-specific operating budgets and regular departmental financial reports.
• Liaises with Hofstra’s Office of
Research and Sponsored Programs and Northwell’s Grant Management Office to review, evaluate, and report on all contracts and purchase
orders related to awarded grants and manage grant budgets with investigators with strict adherence to both institutional and sponsor
guidelines, policies, and procedures.
• Develops and proactively manages revisions of the SOM budget and annual/multi-year
projections of expenditures and budget balances in collaboration with each SOM department/office, Hofstra University and Northwell
Health.
• Works closely with SOM contracts manager to ensure that contract invoicing/billing and collection schedule is adhered to
and that financial data and cash flow are steady and support operational requirements.
• Maintains an accurate electronic tracking
system for all SOM financial transactions and ensures that all purchased/reimbursed items, grants, gifts, endowments, and scholarships are
properly recorded, tracked, and reported.
• Supervises up to two Budget Coordinators to assist with SOM financial affairs.
• In partnership with the Associate Dean for Operations and Strategy and University Financial Affairs, oversees the
inter-institutional fund.
• Works closely with the Director, Development and Alumni Relations to track gifts received.
•
Collaborates with the Director, Student Finance and leadership team to determine annual scholarship awarding methodology.
• Works
closely with the Office of Student Affairs and the Chair of the Research Advisory Committee to ensure summer research stipends are
accurately budgeted for and distributed to students in a timely fashion in accordance with the guidelines and intent of each stipend
fund.
• Compiles data analyses for relevant AAMC/LCME and/or other accrediting/ regulatory entities and routine as well as ad hoc
electronic financial reports, for the joint board, or other entities as needed.
• Oversees, updates, and implements all necessary
internal SOM business guidelines, policies and accounting practices in collaboration with University Financial Affairs.
Qualifications:
• Bachelor’s degree required. Master’s degree in accounting, finance, or related
field preferred.
• At least five to seven years of experience in accounting and/or budgeting with supervisory experience
required.
• Strong mathematical and accounting skills required. CPA or other relevant qualification is a plus with preference
given to those with work experience in higher education.
• Broad knowledge of financial, business and accounting principles and
their application to budget and accounting problems required.
• Demonstrated proficiency in the use of business computer software
(i.e., Microsoft Office – Word, Excel, and Access) at an advanced level required.
• Knowledge of automated financial system
(preferably Banner) and the ability to create a meticulous and sophisticated tracking system for all financial transactions required.
• Capacity to approach new challenges with thoughtfulness, creativity and flexibility are required.
• Ability to exercise
mature, strategic independent judgment to maintain accuracy, efficiency and help drive sound decision-making while demonstrating exceptional
collaborative skills required.
• The ideal candidate has experience of final responsibility for the quality and content of all
financial data, reporting and audit coordination for either a division or significant program area.
• Strong organizational skills
with the ability to multi-task and meet deadlines and effectively manage high volumes of paperwork, data and information is required.
• Excellent communication (oral and written) and relationship building skills with a solid knowledge of financial analysis and
forecasting and an ability to prioritize, negotiate, and work with a variety of internal and external stakeholders required.
•
Ability to translate financial concepts to – and to effectively collaborate with — programmatic and fundraising colleagues who do not
necessarily have finance backgrounds is required.
• Personal qualities of integrity, professionalism, credibility, reliability and
dedication to the mission of the SOM, Hofstra University, and Northwell Health.
Application Instructions:
For
consideration, please send a cover letter with salary requirements and resume to: [email protected]. Please indicate “Director, SOM
Financial Affairs” in the subject line.
