Position Classification Description

Position Class Code / Title: B8032 / Chief Financial Svcs Ofcr SOM
Recruitment Tier: Tier 1
FLSA: Exempt
Grade: 19
Required Approval:COMP2

This is a description of a Staff Position Classification. It is not an announcement of a position opening. To view descriptions of current openings, please go to UNMJobs and Search Postings to view positions that are currently accepting applications.

The following statements are intended to describe, in broad terms, the general functions and responsibility levels characteristic of positions assigned to this classification. They should not be viewed as an exhaustive list of the specific duties and prerequisites applicable to individual positions that have been so classified.

Summary

Serves as the Chief Financial Officer and the senior financial executive for the UNM School of Medicine (SOM), reporting to the Dean and providing executive leadership for the School's financial strategy, administration, and operations. Advises the Dean and senior leadership on financial strategy, resource allocation, operational effectiveness, and long-term fiscal sustainability, and serves as a key member of the School of Medicine and Health Sciences Center leadership teams. Oversees budgeting, financial planning and analysis, clinical and academic financial operations, fiscal compliance, and financial systems across state, clinical, research, educational, philanthropic, and other institutional funding sources. Establishes and monitors financial policies, processes, and controls that support SOM's education, research, clinical, and service missions. Reports directly to the Dean of the School of Medicine and is accountable for advancing the School's financial and operational objectives. Works in close executive partnership with the System Vice President for Finance and Administration to support the integrity of financial planning and reporting, alignment with institutional fiscal standards, and coordination of financial commitments and funding arrangements affecting the broader Health Sciences and Health System enterprise.

Duties and Responsibilities

  1. Directs, oversees, and integrates core financial services supporting SOM's academic, clinical, research, and administrative operations, with executive accountability for the integrity, transparency, and accuracy of the School's financial planning and reporting. Establishes fiscal controls and monitors compliance with applicable University policies, regulatory requirements, and fiscal standards to safeguard resources and support SOM's programmatic priorities.
  2. Leads the design, implementation, and ongoing improvement of financial systems, policies, and processes support SOM's management of state, clinical, research, educational, and philanthropic funds, revenue, and expenditures, budgeting, forecasting, and financial reporting.
  3. Provides leadership in the design, development, implementation, and management of automated financial systems and technology solutions that support SOM's research, clinical, academic, and operational needs, and evaluates emerging technologies and reporting tools that improve efficiency and decision support. Collaborates with University and Health Sciences Center administration, and key business stakeholders to align system capabilities with SOMs financial and operational priorities.
  4. Provides direction and oversees the provision of assistance to campus constituencies regarding application and interpretation of accounting and restricted budgeting policies and procedures, implementation of new practices and procedures, and efficient control and utilization of financial resources.
  5. Directs and collaborates with faculty, research administrators, and other stakeholders in the financial administration of research contracts and grants. Develops and improves processes supporting sponsored research while ensuring compliance with applicable federal requirements, sponsor restrictions, and University policies governing financial management and reporting. Provides financial leadership for research investment decisions, including startup packages, bridge funding, cost sharing, indirect cost recovery, and institutional commitments.
  6. Collaborates with leadership and administration to establish programmatic goals and priorities for business and technology solutions to meet institutional needs. Determine the training and development needs of staff in the utilization of such technology and maintenance of the institution's system of internal controls. Research, recommends, and oversees implementation of process and procedure changes based on university policy and procedure, federal legislation and directives, and changes to relevant current accounting practices.
  7. Serves as principal financial advisor to the Dean and as a member of SOM's senior leadership team, leading long-range fiscal planning, resource allocation, goal setting, and the development of financial policies and reporting practices. Recommends and participates in the development of university policies and procedures; may serve on university planning and policy-making committees.
  8. Establishes and maintains an organizational structure and staffing model that supports SOM's financial administration and operational priorities. Leads, mentors, and develops high-performing financial teams, and oversees personnel management, including recruitment, training, supervision, performance evaluation, workforce development, and succession planning.
  9. Establishes and implements short- and long-term goals, objectives, strategic priorities, and operating procedures for financial functions. Evaluates programmatic and operational effectiveness, including the economics of educational programs and the resources needed to support educational growth and accreditation needs, and directs improvement to strengthen financial management and service delivery.
  10. Develops and manages budgets for the organization and performs periodic cost and productivity analyses. Develops and maintains multiyear operating forecasts, liquidity assessments, and financial models for major facilities, program growth, and other long-term institutional commitments. Administers business plans for project development and deployment. Directs the production of annual financial reports, audit activities, and other information reports and requests; ensures accuracy and integrity of financial reporting.
  11. Maintains knowledge of University and Health Sciences Center strategic priorities, emerging financial management practices, applicable regulatory requirements, and evolving technologies. Evaluates implications for SOM's financial operations and recommends strategies and improvements to support institutional effectiveness and long-term fiscal sustainability.
  12. Leads financial strategy for clinical funds flow, faculty compensation modernization, and the financial implications of faculty effort allocation across education, research, clinical, and service missions, in partnership with academic, clinical, and administrative leaders.
  13. Performs miscellaneous job-related duties as assigned.

Minimum Job Requirements

  • Bachelor's degree in Finance, Accounting, Business Administration, or an equivalent field; at least 9 years of directly related duties and responsibilities specified, including progressively responsible senior financial leadership experience managing complex, multi-source budgets in academic medicine, higher education, healthcare, or a similarly complex organization.
  • Completed degree(s) from an accredited institution that are above the minimum education requirement may be substituted for experience on a year for year basis.

Knowledge, Skills and Abilities Required

  • Ability to analyze and interpret complex, multi-source financial data and prepare executive-level financial reports, statements, forecasts, and projections.
  • Ability to foster a cooperative work environment and to build trust and influence with department chairs, senior academic leaders, Health Sciences and Health System executives, and university administration.
  • Ability to interpret business and operational needs and develop integrated, creative solutions.
  • Ability to supervise and train employees, to include organizing, prioritizing, and scheduling work assignments.
  • Advanced analytical, evaluative, and objective critical thinking skills.
  • Comprehensive knowledge and understanding of Federal and State financial laws, regulations, and operating guidelines as they pertain to public institutions of higher education.
  • Demonstrated organizational and management skills.
  • Employee development and performance management skills.
  • Knowledge and understanding of fiscal control systems and procedures related to the safeguarding of institutional funds.
  • Knowledge of current changes and/or developments in applicable federal, state, local laws, and university policies and procedures.
  • Skill in program planning, examining and re-engineering operations and procedures, formulating policy, and developing and implementing new strategies and procedures at an institute of higher education.
  • Skill in the use of software to quantify and illustrate complex financial data, comparisons, impacts, and/or projections.
  • Strategic planning, multiyear forecasting, financial modeling, and performance measurement skills.
  • Strong interpersonal skills and the ability to work effectively with a diverse range of constituencies.
  • Thorough knowledge of financial accounting principles and processes including core office operations.
  • Knowledge and understanding of academic medical center financial models, including clinical funds flow, faculty compensation, research investment, and educational program economics.

Conditions of Employment

  • Employees in this job title are subject to the terms and conditions of an employment contract. Employment contracts are typically subject to review and renewal on an annual basis.
  • Employees who provide services or work in patient care or clinical areas are required to be in compliance with the University's influenza vaccination requirement.

Working Conditions and Physical Effort

  • No or very limited exposure to physical risk.
  • No or very limited physical effort required.
  • Work is normally performed in a typical interior/office work environment.

The University of New Mexico provides all training required by OSHA to ensure employee safety.

Revised Date: 11/01/2026