Chief Business Officer

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

Benefits offered by this job

Medical coverage

Retirement benefits

Educational benefits

Life insurance

Employee discounts

Job summary

Rutgers University in Newark seeks a Chief Business Officer for the SGS-BHS, Dean’s Office, to oversee budgetary, financial, and administrative activities, including reporting, forecasting, audits, and compliance. Leadership will coordinate with RBHS finance and central university functions, manage ancillary revenues, and drive fiscal solvency while maintaining robust internal controls. This role supports hybrid work arrangements and cross-campus collaboration.

Qualifications

• MBA or equivalent with 7+ years of financial/budget management experience.
• Experience leading university finance, budgeting, and forecasting activities.
• Strong knowledge of financial reporting and internal controls.

Responsibilities

• Oversee SGS-BHS budget development and submission.
• Provide strategic financial leadership to senior leadership and RBHS.
• Ensure compliance with university policies and fiscal management practices.
• Develop and implement financial processes and internal controls.

Skills

Financial planning

Budget management

Leadership

Strategic communications

Education

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

7+ years of financial/budget experience, supervisory

Tools

Oracle Cloud

HCM

Microsoft Office

Job description

Below you will find the details for the position including any supplementary documentation and questions you should review before applying for the opening.

Job Category Staff & Executive - Finance/Accounting/Purchasing

Department

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

FLSA Exempt

Grade

Grade 35S

Salary Details

Minimum Salary

Minimum Salary 128571.000

Mid Range Salary 170817.000

Maximum Salary

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.

Rutgers provides a comprehensive benefits package to eligible employees. The specific benefits vary based on the position and may include:

• 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

Position Status Full Time

Working Hours

Standard Hours

Standard Hours 37.50

Daily Work Shift

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

Union Description Executives and Directors

Payroll Designation

Payroll Designation PeopleSoft

Senior Unit

Terms of Appointment

Terms of Appointment Staff - 12 month

Position Pension Eligibility

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

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.

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.g.

Special Conditions

Posting Number

Posting Number 26ST1909

Posting Open Date

Special Instructions to Applicants

Regional Campus

Regional Campus Rutgers Biomedical and Health Sciences (RBHS)

Home Location Campus

Home Location Campus Newark (RBHS)

City

City Newark

State

State NJ

Location Details

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

Supplemental Questions

Required fields are indicated with an asterisk (*).

• * Do you have a 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?
  • Yes
  • No

Required Documents

• Resume/CV

Optional Documents

• Cover Letter/Letter of Application
• List of Professional References (contact Info)

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: Non-Discrimination-Statement.

In compliance with the Americans with Disabilities Act (ADA) and the New Jersey Law Against Discrimination (NJLAD), if you have a disability and would like to request an accommodation with regard to your access to and/or your participation in the application and selection processes (for example, the online application process or interviews), please call 848-932-3973 or e-mail us .

Rutgers University is an equal access/equal opportunity institution. If you have trouble accessing this page because of a disability, please contact us at 732.745.7378 or via email at [e-mail] .

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