A cover letter is required for consideration for this position and should be attached as the first page of your resume. The cover letter should address your specific interest in the position and outline skills and experience that directly relate to this position.
The mission of the University of Michigan Coulter Translational Research Partnership Program (Coulter Program) is to translate biomedical innovations from clinical faculty at the University of Michigan and the College of Engineering (COE) to the point of outside funding and commercialization through a commercial entity. This position will report to the Managing Director, Coulter Program (CPD) within the University of Michigan. The Coulter Financial Specialist Associate (CFSA) will assist the CPD in day-to-day management of the Coulter Program budgets, Budget analysis, and financial reporting for the Coulter program.
The Coulter program works to identify medical technologies and projects with high commercial potential that may not move forward without translational research funding and commercialization support to further their development. Coulter funded projects involve at least one clinical investigator from a clinical department at the University of Michigan and one faculty member from COE working in concert with the Coulter team to conduct translational research and embark on early commercialization efforts to secure follow-on investor funding or direct licenses to existing companies to commercialize envisioned products.
As the Coulter Program operates on the principle of funding to hit milestones, significant project awareness and budget oversight is required to adequately fund and maintain individual projects and the program budget. This role will involve generating and maintaining an awareness of each funded project’s budget, progress, and anticipated spending needs, and supporting the CPD in meeting Coulter Program financial objectives. Activities required in this role will also involve participation in project meetings and active outreach with faculty budget coordinators receiving Coulter funding.
Provide administrative support in the execution of budgets, financial planning, budgeting, planning, and fiscal operations, including variance analysis and long-range forecasting.
As awarded through Coulter Program decision processes, allocate endowment funding project dollars to individual projects and operational funds.
Prepare customized financial reports for a $1M/year program reflecting past and future project balance status with projections, balanced to a UM statement of financial activity each month. This reporting may be a mixture of financial detail available in regular University of Michigan financial queries and uploading through manual processes in Coulter budget templates.
Work with unit-based financial staff to understand budget expense variances and initiate corrections on individual Coulter funded projects.
Provide information to Coulter project leads such as the Coulter Managing Director and Coulter Project Manager for their financial analyses, enabling productive dialogue with Coulter leadership and project leads in other Engineering and Michigan Medicine units.
Work with Coulter leads to develop formal budget allocation, monitoring, and stewardship guidelines and expectations, to assure regular attention to financial matters for the Coulter Program.
Participate in team meetings in conjunction with CPD and take minutes with follow-up action items.
Assist Coulter Program team with the planning and deployment of programmatic meetings, initiatives, and aims with administrative support such as meeting and event planning, agenda setting, overflow clerical and administrative tasks and other duties as assigned.
Bachelor's degree in Business with specialty in Accounting, Finance, or other related business field plus 2+ years of related finance or budget management experience. Proficiency in Excel, Tableau, and file storage portals. The successful candidate will work closely with Coulter leadership, cultivating trust with a variety of constituents. Effective oral and written communication skills and strong interpersonal skills are essential.
Familiarity with UM budget and expense accounting models and processes and capability to generate journal entries, create and distribute financial reports, and develop custom reports as requested. Medical or biomedical engineering related background with medical device research and development related experience.
Michigan Engineering’s vision is to be the world’s preeminent college of engineering serving the common good. This global outlook, leadership focus and service commitment permeate our culture. Our vision is supported by a mission and values that, together, provide the framework for all that we do. Information about our vision, mission and values can be found at: http://strategicvision.engin.umich.edu/ .
The University of Michigan has a storied legacy of commitment to Diversity, Equity and Inclusion (DEI). The Michigan Engineering component of the University’s comprehensive, five-year, DEI strategic plan—along with updates on our programs and resources dedicated to ensuring a welcoming, fair and inclusive environment—can be found at: http://www.engin.umich.edu/college/about/diversity .
The University of Michigan conducts background checks on all job candidates upon acceptance of a contingent offer and may use a third party administrator to conduct background checks. Background checks are performed in compliance with the Fair Credit Reporting Act.
Job openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled anytime after the minimum posting period has ended.
The University of Michigan is an equal opportunity/affirmative action employer.
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About University of Michigan - Ann Arbor
A great university is made so by its faculty and staff, and Michigan is recognized as one of the best universities to work for in the country. The Michigan culture is known for engaging faculty and staff in all facets of the university to create a workplace that is vibrant and stimulating.For two consecutive years, the Chronicle of Higher Education has placed U-M in its "Great Colleges to Work For" survey. In particular, the university earns high marks for strong relations between faculty and administrators, a collaborative system of governance, strong pay and benefits, and a healthy work/life balance.