Job Description

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Transforming Lives

The University of Miami is among the top research universities and academic medical centers in the nation, and one of the largest private employers in South Florida.

With more than 16,000 faculty and staff, the University strives for excellence, and is driven by a powerful mission to transform and impact the lives of its students, patients, members of the community, and people across the globe.

The University is committed to fostering a culture of belonging, where everyone feels valued and has the opportunity to add value. Through values of Diversity, Integrity, Responsibility, Excellence, Compassion, Creativity, and Teamwork (DIRECCT) the U community works together to create an environment driven by purpose, excellence, community, and service.

The Office of Technology Transfer (OTT) has an exciting job opportunity for a Sr. Manager, Finance to work at the Converge Miami location.

CORE JOB SUMMARY

The Senior Manager, Finance leads and supports the organization’s financial activities such as forecasting, budgeting, strategic planning, and treasury with the goal of enhancing profitability and cash flow management. Further, the Senior Manager, Finance oversees department staff to ensure that activities are always compliant with applicable rules and regulations.

CORE JOB FUNCTIONS

• Works with Wellspring, the OTT database, to manage financial aspects of patenting and licensing.
• Manages and prepares the departmental budget, including revenue and operational expenses.
• Compiles and analyzes financial information, develops integrated revenue/expense analyses for management.
• Forecasts future OTT revenue and expenses based on office productivity set by upper management, performs reconciliation of internal accounts, projects business cash flows.
• Reports quarterly to management on variances from the established budget, and the reasons for those variances.
• Prepares financial forms (IDRs, BEFs, Purchase Orders, work orders, check requisitions, etc for department), processes and submits invoices for payment.
• Ensures proper payments are received (correspond w/non-compliant stakeholders) – specifically confirm that licensees are complying with the obligations of their license by comparing payments to quarterly reports or on line information for company sales performance and/or business milestone performance
• Distributes and processes all incoming legal invoices for payment.
• Processes intake of royalty distribution payments, monitor payments to be received in compliance w/agreements, calculate and distribute royalties to principal investigators and departments according to royalty distribution policy.
• Analyzes, maintains, manages and reviews internal finance systems in accordance with administrative internal processes, managing intellectual property database (Wellspring) and financial and budgeting software.
• Prepares and submits deposits to medical finance office.
• Conducts payable and receivable invoicing.
• Responds to internal/external customer inquiries related to annual revenue tax reports, AUTM reports, variance reports, final invention statements.
• Advises management of unusual trends, funding levels and expenditures, assists with budget development by compiling information to support projected expenditures in specific areas such as operating costs or travel costs.
• Assists with reporting to the federal government in relation to grant supported inventions (iEdison updates).
• Engages in ongoing cost reduction analyses in all areas of the department.
• Engages in benchmarking studies to establish areas of potential operational improvement.
• Reviews data and accounting processes to determine compatibility with University financial systems, provide recommendations as needed.

This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities as necessary.

Department Specific Qualifications

Education:

Bachelor’s degree in in finance or business required. Master’s degree preferred. Appropriate combination of relevant education and/or experience may be considered.

Experience:

Minimum 7 years of relevant finance experience required.

Knowledge, Skills and Attitudes:

• Experience with financial management systems, such as Tidemark and Workday preferred.
• Experience working with databases.
• Knowledge of business and management principles.
• Ability to direct, manage, implement, and evaluate department operations.
• Ability to establish department goals, and objectives that support the strategic plan.
• Ability to effectively plan, delegate and/or supervise the work of others.
• Ability to lead, motivate, develop, and train others.

The University of Miami is an Equal Opportunity Employer - Females/Minorities/Protected Veterans/Individuals with Disabilities are encouraged to apply. Applicants and employees are protected from discrimination based on certain categories protected by Federal law. Click here for additional information.

Job Status:

Full time

Employee Type:

Staff

Pay Grade:

c107

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