Chief Business Officer

Rutgers University; Newark (NJ); Hybrid; USD 129,000 - 213,000; Full time

Benefits offered by this job

Medical, prescription drug, and dental

Paid vacation and holidays

Competitive retirement benefits

Educational benefits

Life insurance

Employee discount programs

Job summary

Rutgers, The State University of New Jersey, Newark campus, seeks a Chief Business Officer for SGS-BHS. You will oversee budgeting, financial reporting, and administrative operations for the School of Graduate Studies-Biomedical Health Sciences, aligning with RBHS leadership and university finance.

This role directs monthly and year-end statements, develops internal reviews, and ensures compliance with university policies.

Qualifications

• Master's degree in Administration, Finance or related field with at least 7 years' financial budgeting experience.
• Minimum 7 years in financial and budget activities, including 3 years in a supervisory role in university finance.
• Experience with Oracle Hyperion and university enterprise systems preferred.

Responsibilities

• Oversee monthly and year-end financial statements and reporting.
• Develop and implement policies to complete required financial processes.
• Collaborate with SGS-BHS leadership to optimize revenue and expenditures.
• Represent SGS-BHS with university finance leadership and external partners.

Skills

Long-range planning

Communication

Project management

Staff supervision

Education

Master's Degree in Business Administration, Finance or related field

Tools

Oracle Cloud enterprise system

Microsoft Office Suite

Job description

Position Details

• Recruitment/Posting Title: Chief Business Officer
• Job Category: Staff & Executive - Finance/Accounting/Purchasing
• Department: SGS BHS
• Overview: New Jersey's academic health center, Rutgers Biomedical and Health Sciences (RBHS) takes an integrated approach to educating students, providing clinical care, and conducting research, all with the goal of improving human health. Aligned with Rutgers University-New Brunswick and collaborating universitywide, RBHS includes eight schools, a behavioral health network, and five centers and institutes that focus on cancer treatment and research, neuroscience, advanced biotechnology and medicine, environmental and occupational health, and health care policy and aging research. Our faculty are teachers, clinicians, and scientists with unparalleled experience who advance medical innovation and provide patient care informed by the latest research findings. We offer an outstanding education in medicine, dentistry, pharmacy, public health, nursing, biomedical research, and the full spectrum of allied health careers. Our clinical and academic facilities are located throughout the state-at Rutgers University-New Brunswick, including Piscataway; and at locations in Newark, Scotch Plains, Somerset, Stratford, and other locations. Clinical partners include Robert Wood Johnson University Hospital in New Brunswick, Newark's University Hospital in Newark, and other affiliates. Through this community of healers, scientists, and scholars, Rutgers is equipped as never before to transform lives.
• Posting Summary: Rutgers, The State University of New Jersey is seeking a Chief Business Officer within the Rutgers School of Graduate Studies-Biomedical Health Sciences (SGS-BHS), Dean's Office at Rutgers Health. The Chief Business Officer is directly responsible for all budgetary, financial, and administrative aspects of the School of Graduate Studies-Biomedical Health Sciences (SGS-BHS) relevant to financial reporting, budgeting, auditing, compliance and daily operations of SGS-BHS and the Office of the Unit Dean. The Chief Business Officer acts as the liaison between SGS-BHS, senior leadership, and the RBHS Vice Chancellor for Finance and Administration's Office. Additionally, this role is responsible for ensuring the accurate billing of all revenue, including tuition and contracts, and properly overseeing and managing all operating expenditures within the constraints of the University budget. Essential duties and responsibilities include the following:

• Ensures a timely and responsible financial management cycle, including planning, development, forecasting, consolidation, presentation, review, monitoring, reconciliation, and reporting to relevant stakeholders.
• Provides oversight of the SGS-BHS financial activities for unrestricted and restricted funds, including the operating budget. Works with SGS-BHS leadership team to assure that budget submissions reflect revenues and expenses accurately. Works with SGS-BHS senior leadership to prioritize competing budget requests to optimize available resources, while aligning with the requirements of RBHS and central University business functions.
• Responsible for the development and completion of monthly and year-end financial statements, as well as any other necessary reports/requests, as directed by senior leadership.
• Develops internal financial reviews and performs departmental/program reviews and/or audits as necessary. Based on reviews and assessments, makes recommendations to facilitate in the fiscal operations of the SGS-BHS.
• The Chief Business Officer is responsible for the SGS-BHS budget submission to the RBHS Chancellor's Office, including entries into the Oracle Hyperion system.
• The Chief Business Officer assures that funds are used in accordance with the University, RBHS and SGS-BHS policies and procedures by maintaining a stringent and reliable system for financial reporting and management information systems for SGSBHS. Establishes and maintains a sound internal controls and assurances for SGS-BHS that ensures compliance with RBHS and University fiscal management policies and practices.
• Develops, communicates, and implements policies and procedures to complete required financial processes.
• Advises and makes recommendations to the Unit Dean pertaining to the SGS-BHS's short- and long-term financial planning. Strategizes and proposes ways to optimize its revenue stream with expenditures.
• Contributes substantive recommendations for strategies that ensure fiscal solvency as well as administrative and operational efficiencies. Regularly and actively engages with senior leadership (Unit Dean, Senior Associate Deans), SGS, RBHS, and University stakeholders as needed to ensure informed decision-making - including financial as well as broader initiatives.
• Represents SGS-BHS within the University across multiple venues, including with senior campus and university finance leadership, peer units, central business functions, and serves as a liaison between the RBHS Vice Chancellor for Finance and Administration's office. Represents SGS-BHS as needed with external organizations and represents SGS-BHS in appropriate campus and enterprise forums (regular meetings, committees, workgroups) to articulate and advance SGS-BHS interests and operationalize mandated initiatives and projects.
• Directs the administrative staff in the Unit Dean's Office in the development, review and execution of the annual budget process.
• Responsible for the planning and scheduling the work of administrative staff to ensure maximum effective utilization of staff, equipment and material within budgetary constraints.
• Supervises and recommends the hiring, firing, promoting, demoting, transfers, and disciplinary action of staff. Evaluates and performs appraisals for the Unit Dean staff.

• FLSA: Exempt
• Grade: 35S

Salary Details

• Minimum Salary: 128571.000
• Mid Range Salary: 170817.000
• Maximum Salary: 213062.000

Offer Information: The final salary offer may be determined by several factors, including, but not limited to, the candidate's qualifications, experience, and expertise, and availability of department or grant funds to support the position. We also take into consideration market benchmarks, if and when appropriate, and internal equity to ensure fair compensation relative to the university's broader compensation structure. We are committed to offering competitive and flexible compensation packages to attract and retain top talent.

Benefits

• Medical, prescription drug, and dental coverage
• Paid vacation, holidays, and various leave programs
• Competitive retirement benefits, including defined contribution plans and voluntary tax-deferred savings options
• Employee and dependent educational benefits (when applicable)
• Life insurance coverage
• Employee discount programs

• Position Status: Full Time
• Standard Hours: 37.50
• Work Arrangement: Consistent with the current application of Rutgers Policy 60.3.22 or the applicable provisions of relevant collective negotiations agreements, this position may be eligible for a hybrid work arrangement. Flexible work arrangements are not permanent, are subject to change or discontinuation, and contingent on the employee receiving approval in the FlexWork@RU Application System.
• Union Description: Executives and Directors
• Payroll Designation: PeopleSoft
• Terms of Appointment: Staff - 12 month
• Position Pension Eligibility: ABP

Qualifications

• Minimum Education and Experience: Master's Degree in Business Administration, Finance or a related field with a minimum of seven (7) years of experience in financial and budget activities, including three (3) years in a supervisory or managerial role that includes experience with university finance, budgeting, and financial forecasting/management, and direct personnel management.

Certifications/Licenses

(none)

Required Knowledge, Skills, and Abilities

• Long-range financial planning and strong relevant computer technical skills are required.
• Effective and solution-focused professional communication skills with leadership, peers, team, and colleagues both internal and external to SGS-BHS and the University.
• Demonstrated superior skills in planning and organizing, project management, integrating information, making decisions, and attaining results, particularly in time-sensitive situations.
• Works independently to meet all objectives, balanced with ensuring leadership is kept apprised.
• Performs professional work requiring detailed, specialized knowledge in accounting/finance; effectively utilizes an in-depth understanding and application of relevant concepts, theories, principles, practices, regulations, terminology; and a comprehensive knowledge of the University's business and administrative policies, practices, and procedures as they relate to structure, operations, strategies, and objectives.

Preferred Qualifications

• Experience in academic and healthcare finance; CPA; Microsoft Office Suite, Oracle Cloud enterprise system, HCM, University enterprise-wide management systems (procurement, data storage, communications, etc.) preferred.

Equipment Utilized

(none)

Physical Demands and Work Environment

• PHYSICAL DEMANDS: Standing, sitting, walking, talking or hearing. No special vision requirements.
• WORK ENVIRONMENT: Office environment with occasional local travel to other campuses for meetings, e.

Special Conditions

(none)

Posting Details

• Posting Number: 26ST1909
• Regional Campus: Rutgers Biomedical and Health Sciences (RBHS)
• Home Location Campus: Newark (RBHS)
• City: Newark
• State: NJ

Pre-employment Screenings

All offers of employment are contingent upon successful completion of all pre-employment screenings.

Immunization Requirements

Under Policy 100.3.1 Immunization Policy for Covered Individuals, if employment will commence during Flu Season, Rutgers University may require certain prospective employees to provide proof that they are vaccinated against Seasonal Influenza for the current Flu Season, unless the University has granted the individual a medical or religious exemption. Additional infection control and safety policies may apply. Prospective employees should speak with their hiring manager to determine which policies apply to the role or position for which they are applying. Failure to provide proof of vaccination for any required vaccines or obtain a medical or religious exemption from the University will result in rescission of a candidate's offer of employment or disciplinary action up to and including termination.

Equal Employment Opportunity Statement

It is university policy to provide equal employment opportunity to all its employees and applicants for employment regardless of their race, creed, color, national origin, age, ancestry, nationality, marital or domestic partnership or civil union status, sex, pregnancy, gender identity or expression, disability status, liability for military service, protected veteran status, affectional or sexual orientation, atypical cellular or blood trait, genetic information (including the refusal to submit to genetic testing), or any other category protected by law. As an institution, we encourage all qualified applicants to apply. For additional information please see the Non-Discrimination Statement at the following web address: http://uhr.rutgers.edu/non-discrimination-statement