What are the responsibilities and job description for the Senior Director, Accounting and Financial Reporting position at uic?
Position Summary
The Senior Director serves as the primary financial strategist for the Vice Chancellor for Health Affairs' academic colleges and several complex Vice Chancellor areas at the University of Illinois Chicago (UIC). This role provides leadership in budget planning, financial analysis, and resource allocation to ensure the long-term financial sustainability of assigned units. The incumbent is responsible for overseeing staff, managing campus reserves, evaluating budget requests, developing financial reports, and leading initiatives related to financial transparency, compliance, and operational efficiency.
Duties & Responsibilities
- Serve as the primary central Budget Officer for the Vice Chancellor for Health Affairs’ academic colleges and multiple Vice Chancellor units, overseeing assigned staff.
- Coordinate the development, preparation, and submission of UIC’s operating budget to the Board of Trustees, ensuring accurate projections and strategic financial planning.
- Collaborate with colleges and administrative units to develop and assess budget requests, ensuring alignment with institutional priorities.
- Manage and reconcile UIC’s campus commitments and reserves, ensuring appropriate resource allocation and financial sustainability.
- Oversee overhead cost studies and related administrative assessments, ensuring accurate methodologies, transparent allocation models, and alignment with institutional financial strategies
- Lead the campus deficit reduction plan process, tracking and reporting on progress, dollar value, and resolution status of deficits.
- Conduct financial and budgetary analyses to evaluate UIC’s fiscal health at macro and micro levels, identifying trends, risks, and opportunities to inform decision-making.
- The University will implement a long-range financial planning software platform. This role will serve as the Budget Office's lead for deploying the 10-year capital planning module, ensuring effective integration of features for strategic capital planning and deferred maintenance management.
- Review and authorize significant budget exchange requests from campus units, ensuring efficient and strategic use of university resources.
- Utilize financial data systems, reporting tools, and data extraction methodologies to analyze and interpret financial trends, ensuring accurate and accessible reporting.
- Develop expertise in administrative data warehouses and financial reporting systems, working cross-functionally to maintain accurate data collection and reporting processes.
- Provide leadership in training and guiding staff on budget policies, financial management best practices, and fiscal accountability.
-Participate in special projects and perform other related duties as assigned.
