Financial Manager

Posted Date 2 weeks ago(1/13/2022 3:13 PM)
Requisition ID
Position Type
Regular Full-Time
VCS Finance & Administration
Post End Date


The Financial Manager is a division level resource working under the general direction of the Chief Administrative Officer & Assistant Vice Chancellor for Institutional Support Services. 


The University of Arkansas for Medical Sciences (UAMS) has a unique combination of education, research, and clinical programs that encourages and supports teamwork and diversity.  We champion being a collaborative health care organization, focused on improving the health, health care, and well-being of Arkansans.  


UAMS offers amazing benefits and perks:

  • Health: Medical, Dental and Vision plans available for staff and family
  • Holiday, Vacation and Sick Leave
  • Education discount for staff and dependents (undergraduate only)
  • Retirement: Up to 10% matched contribution from UAMS
  • Basic Life Insurance up to $50,000
  • Career Training and Educational Opportunities
  • Merchant Discounts
  • Concierge prescription delivery on the main campus when using UAMS pharmacy

Salary offered commensurate with experience.


  • Financial Management, Analysis and Reporting:

    • Independently manages, analyzes and reports on financial activity for assigned operating, service & revolving, capital, project and reserve accounts.
    • Identifies and explains variances, identifies and corrects errors, identifies and recommends solutions to problems and negative trends and detects systemic problems.
    • Prepares recurring and ad hoc reports to translate accounting data into meaningful management information.
    • Forecasts budget performance for internal and campus use.
    • Provides analysis on selective topics and presentation of financial data for IT and campus management.

    Financial Control:

    • Independently monitors all IT operating, capital and project budgets and make corrections as necessary.
    • Ensures resource utilization is consistent with budget and management directives.
    • Advises Assistant Vice Chancellors and IT Directors of problems detected and recommends solution options.
    • Advises the Chief Administrative Officer of unresolved problems noted together with recommendations for intervention.

    Disbursement Control:

    • Oversees audit and payment of all IT invoices for contracts, capital, complex purchases, recurring and non-recurring purchases, including resolution of all billing errors and requests for credits, refunds and adjustments as necessary.
    • Approves purchases up to $5,000 per line item; approves purchases in excess of $5,000 in the absence of the Chief Administrative Officer.

    Budget and Forecast Development:

    • Develops internal submission templates, provides historical and market data and provides guidance and technical assistance to Assistant Vice Chancellors, IT Directors and Project Managers in the development of operating, capital and project budgets.
    • Provides administrative support to the CIO and UAMS IT Capital Budget Committee.
    • Provides budget summaries and analysis for review by institutional IT governance bodies. Balances, records and revises IT budgets in campus systems.

    Other Duties:

    • Reviews and analyzes internal resale performance to ensure consistency with the fund accounting principles applicable to Service and Revolving fund accounts.
    • Reconciles and reports financial activities in these accounts monthly ensuring all resale transactions are entered appropriately.
    • Initiates and collects all interdepartmental and interagency billings for miscellaneous services and reimbursements. Reviews and approves all cost transfers to IT.
    • Captures and reports detailed sources and uses information for campus reporting. 
    • Performs other related duties as assigned to support Divisional Leadership.

    Additional information:

    • Financial Manager must be able to resolve billing errors and discrepancies with vendors on contracts, some in excess of $1 million.
    • Assist Assistant Vice Chancellors and IT Directors in contract negotiations by providing financial analysis of payment schedules to ensure no duplicate payments, no gaps in coverage and provision has been made for available discounts.
    • Determine methodologies and databases for prompt capture and reporting of critical financial information on large projects and strategic initiatives in reporting formats required by governance bodies.
    • Interacts daily with Assistant Vice Chancellors, IT Directors and IT Managers regarding financial and other business needs, budget understanding and to exchange information necessary to manage the overall IT operation.
    • Interacts with business personnel in other divisions (e.g. Integrated Clinical Enterprise, College of Medicine and Cancer Institute) regarding financial transfers for support of IT operations and projects.
    • Provides supporting information for funding transfers, requested analyses of resource use and obtains prior funding approval for new IT investments.
    • Interacts with campus Finance officers to establish needed accounts, ensure accounting compliance with GASB and to develop project accounting strategies to meet institutional and external reporting needs.


Minimum Qualifications:

  • Bachelor's Degree in Accounting, Finance or Business Administration plus three (3) years of accounting, financial management or business administration experience.  
  • Knowledge and understanding of generally accepted accounting principles (GAAP) and industry best practices for budgeting, contracting and cost accounting.

This position is subject to pre-employment criminal background screening and education verification. A criminal conviction or arrest pending adjudication alone shall not disqualify an applicant except as provided by law. Any criminal history will be evaluated in relationship to job responsibilities and business necessity.  The information obtained in these reports will be used in a confidential, non-discriminatory manner consistent with state and federal law. 

Physical Requirements

Stand: Occasionally
Sit: Frequently
Walk: Occasionally
Bend, crawl, crouch, kneel, stoop, or reach overhead: Occasionally
Lift, push, pull, carry weight: 26 - 50 lbs
Use hands to touch, handle, or feel: Continuously
Talk: Frequently
Hear: Frequently
Taste or smell: Never
Read, concentrate, think analytically: Continuously
Physical Environment: Inside Office Environment
Noise Level: Quiet
Visual Requirements: Color discrimination, Near visual acuity
Hazards: None


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