Assistant Vice President for Finance and Controller

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JOB DESCRIPTION AND POSITION REQUIREMENTS:

The Penn State University (PSU) and the Penn State College of Medicine (COM) seek an experienced financial executive to serve as the Assistant Vice President (AVP) of Finance, Penn State University, and Controller, Penn State College of Medicine. This broadly responsible and highly visible member of the Senior Management Team provides strategic leadership in the financial oversight and stewardship of University resources at the Penn State College of Medicine. The position collaborates closely with the financial, academic and clinical leadership at Penn State University, Penn State Health, and the Penn State Health Milton S. Hershey Medical Center to advance the academic missions of biomedical and health sciences research and education at the Penn State College of Medicine campus in Hershey, PA.

The Penn State College of Medicine was established in 1963 with a gift of $50 million and real estate from the Milton S. Hershey Foundation, the Penn State College of Medicine is part of an academic medical center that includes the Milton S. Hershey Medical Center, Penn State Children's Hospital, and Penn State Health Academic Medical Division.

The Penn State College of Medicine is committed to enhancing the quality of life through improved health, the professional preparation of those who will serve the health needs of others, and the discovery of knowledge that will benefit all. Located 90 miles from University Park Campus in Hershey, Pennsylvania, the COM enrolls over 900 medical and graduate students and employs approximately 1800 faculty and staff. The annual operating budget for FY2024 is $383 million with $116 million in projected research awards.

The Pennsylvania State University and Penn State Health have a synergistic relationship, sharing mutual missions and interdependencies. Penn State Health supports, operationally and financially, the Penn State College of Medicine. A Master Affiliation Agreement serves as an umbrella agreement, coordinating and confirming the various commitments of Penn State and Penn State Health to one another. The financial relationships between Penn State and Penn State Health have been documented in such agreements as the Academic Support Payment, the Facility Use Agreement and the Intercompany Services Agreement. The agreements between Penn State and Penn State Health are reviewed regularly and will be updated from time to time to reflect ordinary course changes in allocation of services, use of facilities and provision of support among parties.

Job Summary:

This position will report to the Dean of the Penn State College of Medicine (COM). Reporting to the Assistant Vice President for Finance is a highly functioning team that has direct oversight of the Penn State College of Medicine's annual operating budget of $ 378 million (FY2025).

The Assistant Vice President for Finance and Business/Controller will serve as a partner and strategic thought leader in building sustainable operational and financial models to support a common vision and strategic plan to grow the research, academic and clinical missions.

The successful candidate will demonstrate a high degree of emotional intelligence and organizational engagement and senior administrative experience to effectively navigate the highly complex organizational structure of an academic health center and integrated health system.

Responsibilities:

• The Assistant Vice President for Finance will oversee and provide leadership for the Penn State College of Medicine finance including the development and alignment of the Penn State College of Medicine's long range financial plan aligning with broader University strategic initiatives in support of biomedical and health sciences research and education

• Steward University-owned assets at the Milton S. Hershey Medical Center campus, working in collaboration with the Penn State Health Chief Financial Officer as fiduciaries of the Master Affiliation Agreement between Penn State University and Penn State Health that confirms various financial and operating commitments by Penn State Health and Penn State Health Milton S. Hershey Medical Center in support of the Penn State College of Medicine

• Oversee and update various agreements set forth by the Master Affiliation Agreement between Penn State University and Penn State Health, including the Academic Support Payment, Facility Use Agreement, and Intercompany Services Agreement

• Work with the Dean, Vice Deans, Institute Directors, and Department Chairs, to lead the development of the College of Medicine's annual operating and capital budgets

• As the Controller for the Penn State College of Medicine, work collaboratively with the Associate Vice President for Finance and Controller, Penn State University, to provide day-to-day oversight of all control functions including accounting and budgeting, payroll, accounts payable, and research, endowment and gift funds. This includes responsibility for college financial reporting, year-end closing and oversight of all College reserves

• Oversee management of the Penn State College of Medicine revenues and expenses, including, contract and agreement negotiation and execution, as well as cost allocations

• Serve as a key member of the Penn State University Finance and Business Leadership Team, the Dean's Leadership Team, Penn State Hershey Executive Council, Clinical Leadership Forum, and Penn State Hershey Facilities Resources Board

• Prepare and make executive presentations before the Penn State University Board of Trustees and the Finance, Business, and Capital Planning Committee on proposed action items and informational briefings related to the Penn State College of Medicine

• Answer complex inquiries requiring explanation, persuasion, and interpretation of policies to faculty, staff, and students

Qualifications

Education:

• A Master's Degree in Business Administration, or related field (e.g., Public Administration, Health Administration, etc.) from an accredited institution and/or a CPA designation.

Experience:

• Minimum seven to ten years of experience in a senior financial management leadership role managing financial and business functions in a large complex organization, preferably in an academic healthcare organization, with matrixed and interdependent reporting relationships.

• Strong preference for executives with management experience within a similarly organized research-oriented, academic medical center and college of medicine or experience in higher education environment with working knowledge of tuition revenue, gifts and endowments, as well as of emphasis on education and research.

Competencies

• Demonstrates confidence and past effectiveness in working collaboratively with academic executives across broad financial matters including budgeting, cost allocations, and containment and compensation.

• Strong interpersonal skills necessary to interact with all levels of organizational management.

• Highly collaborative with exceptional communication skills, both verbal and written.

• Proven ability of developing and presenting financial/budgetary information to a variety of internal and external audiences.

• Superior problem-solving skills necessary to organize, plan, and execute full scope of operational activities.

• Demonstrate the ability contribute to and support the professional growth and development of direct and indirect reports.

• Results-oriented with high level of energy and a passion for continuous improvement and innovation; an effective communicator who brings a track record of superior mentoring, consensus building, teamwork, and interpersonal skills; a strong service orientation, sense of integrity, and commitment to diversity; an entrepreneurial leader willing to apply data-informed decision-making in recommending calculated risks in appropriate situations; unquestioned integrity with a track record of seeking excellence.

Required Application Documents:

• Cover Letter

• Resume/CV

Employment will require successful completion of background check(s) in accordance withUniversitypolices.

The Pennsylvania State University is committed to and accountable for advancing diversity, equity, and inclusion inall ofits forms.We embrace individual uniqueness, foster a culture of inclusive excellence that supports both broad and specific diversity initiatives, leverage the educational and institutional benefits of diversity, and engage all individuals to help them thrive. We value inclusive excellence as a core strength and an essential element of our public service mission.

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