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Job Description
Director - SOM Finance
Lubbock
40788BR
Position Description
This Position is Open to Current TTUHSC School of Medicine Employees Only
The Director of Finance manages and directs the organization's financial operations, ensuring accuracy in financial reporting, budgeting, and compliance with regulatory requirements. This individual oversees key financial processes, including but not limited to budget development, state allocations, accounts payable/receivable, and financial reporting. The Director will implement policies and procedures to organize tasks and set departmental priorities. They will serve as liaisons with university personnel and the community at large, working under general supervision with broad latitude for initiative and independent judgment.
Major/Essential Functions- Lead the budgeting process, including forecasting, financial planning, and variance analysis. Work with department leads/chairs to develop and maintain realistic budgets that align with the organization's economic strategy.
- Standardize and ensure the timely and accurate preparation of financial reports, including profit and loss (P&L) statements, expense reports, financial performance dashboards, year-end reporting distributed to Accounting Services, and state reporting.
- Oversee the proper allocation and utilization of state and institutional funds. Ensure compliance with state funding guidelines and manage reconciliation of fund distributions.
- Manage invoicing, payments, and financial transactions to ensure timely processing and accurate tracking of incoming and outgoing funds.
- Maintain strong financial controls to ensure adherence to regulatory requirements and institutional policies. Work closely with auditors and compliance teams to prevent financial risks.
- Oversee the overall finance team and ensure continuity and staff adherence to institutional policies.
- Assists with SOM accounting oversight for Dean's Office funds and prepares regular reports for leadership.
- Manage hospital contract funding and distribution to SOM accounts.
- Manage monthly distribution of patient-related revenue deposited into the Trust Fund for all SOM campuses.
- Effectively communicate with co-workers and appropriate levels of management regarding assigned functions.
- Establish effective working relationships with departmental personnel for assigned functions.
Required Qualifications
Bachelor's degree in related area required plus five years progressively responsible management experience. Additional education may substitute for experience on a year for year basis.
To apply, please visit: https://sjobs.brassring.com/TGnewUI/Search/home/HomeWithPreLoad?partnerid=25898&siteid=5283&PageType=JobDetails&jobid=888654
All qualified applicants will be considered for employment without regard to sex, race, color, national origin, religion, age, disability, protected veteran status, or genetic information.
The Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act is a federal statute requiring colleges and universities participating in federal financial aid programs to maintain and disclose campus crime statistics and security information. By October 1 of each year, institutions must publish and distribute their Annual Campus Security Policy & Crime Statistics Report (ASR) to current and prospective students and employees. You can locate this report through our website at: https://www.ttuhsc.edu/emergency/clery-report.aspx.
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ABOUT THE COMPANY
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Texas Tech University Health Sciences Center
Show moreAbout Us
Nationally recognized for innovative programs, academic achievement, cutting-edge research and exceptional patient care, Texas Tech University Health Sciences Center aims to promote a greater health environment for West Texas and beyond. While our flagship campus resides proudly in Lubbock, Texas, TTUHSC operates five schools with campuses in Abilene, Amarillo, Dallas/Fort Worth, Lubbock and the Permian Basin (Midland & Odessa).
Like Texas itself, we are an independent and proud institution that is part of a larger union, the Texas Tech University System. As a university separate from Texas Tech University, we have been entrusted with a singular charge: to teach the next generation of doctors, nurses, pharmacists, researchers and health care professionals while simultaneously providing the people of West Texas with world-class patient care. We are both an institution of higher learning and a place where real people come for life-saving medical care.
Our Mission
As a comprehensive health sciences center, our mission is to enrich the lives of others by educating students to become collaborative health care professionals, providing excellent patient care, and advancing knowledge through innovative research.
Our Values & Culture
Through our values-based culture, TTUHSC is committed to cultivating an exceptional workplace community with a positive culture that puts people first. Our five values guide our actions and principles: Beyond Service, Kindhearted, Integrity, One Team, and Visionary.
Compensation & Benefits
We are proud to offer many exceptional employee benefits, including a generous compensation package with comprehensive benefits, medical and dental insurance, paid time off and substantial automatic retirement contributions. Additionally, we invest in employee success by providing many resources designed to support your personal and professional growth, including:
- Comprehensive Health Plans and Other Core Insurance
- State Retirement Programs and Pension Options
- Retiree Insurance for Lifetime Medical Benefits
- Continuing Education & Lifelong Learning Programs
- Tuition scholarships for employees and their dependents
- Leadership and Professional Development Programs
- Mental and Physical Wellness Programs
- Employee Recognition Programs and Longevity Pay
We are excited for you to consider joining our team at the Texas Tech University Health Sciences Center. Consistently ranked as a "Great College to Work For" by the Chronicle of Higher Education, TTUHSC provides so much more than just a job!
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