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Senior Vice President of Finance and Operations

2 months ago

Minneapolis, Minnesota, United States University of Minnesota Twin Cities Full time

Position Overview:
The University of Minnesota is in search of a dynamic, innovative, and strategic leader to take on the role of Senior Vice President of Finance and Operations. This pivotal position is responsible for steering the financial and administrative functions at the University’s primary campus in Minneapolis/St. Paul, along with oversight of its other campuses and the University of Minnesota Medical Center.

Key Responsibilities:
Reporting directly to the President, the Senior Vice President will act as the chief financial officer, chief operations officer, and treasurer of the University. This role encompasses management of the University’s substantial operating budget, currently valued at $4.5 billion, and supervision of a dedicated team of over 2,700 full-time employees. The Senior Vice President will ensure the effective management of the University’s fiscal and physical resources, promoting overall financial and operational excellence.

Strategic Leadership:
The Senior Vice President will play a crucial role in shaping the strategic vision and providing tactical leadership for the University. This includes advising the President and senior leadership on key strategies and initiatives, ensuring that financial and operational resources align with the University’s mission and institutional priorities.

Collaboration and Governance:
As a vital member of the President’s cabinet, the Senior Vice President will serve as a trusted partner to the Board of Regents, campus Chancellors, and other senior leaders on matters concerning the University’s finances and operations. Close collaboration with the Executive Vice President and Provost will be essential to align finance, information technology, and university services with the strategic educational and research objectives of the institution.

Qualifications:
Candidates should possess a proven track record of successfully leading large and complex organizations. The ideal candidate will be a visionary leader with strong financial and business acumen, capable of motivating teams and driving results while applying best practices for continuous service improvement. Experience in engaging with external stakeholders, including legislative bodies and community organizations, is essential.

Operational Oversight:
The Senior Vice President will oversee various operational areas, including:

  • Budget Office: Leading system-wide budgeting processes and financial planning.
  • Investments & Banking: Managing the University’s financial assets and investment strategies.
  • Finance: Overseeing financial management functions, including accounting, purchasing, and financial reporting.
  • Information Technology: Ensuring the provision of enterprise-level technology services.
  • University Services: Managing non-academic operations and facilities management.

Conclusion:
The Senior Vice President for Finance and Operations will be instrumental in creating a vision and integrated strategy that aligns with the University’s mission, fostering collaboration and efficiency across all business services and operations.