University Overview
The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned leader in education, research, and innovation. This historic, Ivy League school consistently ranks among the top 10 universities in the annual U.S. News & World Report survey. Penn has 12 highly-regarded schools that provide opportunities for undergraduate, graduate and continuing education, all influenced by Penn's distinctive interdisciplinary approach to scholarship and learning. As an employer Penn has been ranked nationally on many occasions with the most recent award from Forbes who named Penn one of America's Best Large Employers in 2023.
Penn offers a unique working environment within the city of Philadelphia. The University is situated on a beautiful urban campus, with easy access to a range of educational, cultural, and recreational activities. With its historical significance and landmarks, lively cultural offerings, and wide variety of atmospheres, Philadelphia is the perfect place to call home for work and play.
The University offers a competitive benefits package that includes excellent healthcare and tuition benefits for employees and their families, generous retirement benefits, a wide variety of professional development opportunities, supportive work and family benefits, a wealth of health and wellness programs and resources, and much more.
Posted Job Title
Director of Finance and Business Operations, Wharton School
Job Profile Title
Director C, Business and Finance
Job Description Summary
Founded in 1881 as the world's first collegiate business school, the Wharton School of the University of Pennsylvania is shaping the future of business by incubating ideas, driving insights, and creating leaders who change the world. With campuses in both Philadelphia and San Francisco, Wharton has over 850 staff, a faculty population of more than 235 renowned professors, and 5,000 undergraduate, MBA, executive MBA, and doctoral students. Each year 13,000 professionals from around the world advance their careers through Wharton Executive Education's individual, company-customized, and online programs. More than 104,000 Wharton alumni form a powerful global network of leaders who transform business every day. Wharton is home to a diverse population of staff, representing a rich array of backgrounds, expertise, and cultures. To learn more, visit www.wharton.upenn.edu.
Wharton Finance & Administration oversees the core financial functions of the Wharton School and plays a critical role in supporting the institution's academic and operational mission. The department is responsible for budgeting, financial planning, reporting, compliance, and resource allocation across all areas of the School. In close partnership with business administrators and departmental leaders, Wharton Finance & Administration provides strategic financial guidance and ensures effective stewardship of the School's resources.
Reporting to the Senior Director of Financial Strategy and Controller, the Director of Finance and Business Operations serves as the senior budgeting and financial strategic partner for Wharton's Graduate Programs. This role provides comprehensive financial leadership and oversight for the full-time MBA Program, Executive MBA, Masters of Science, Wharton San Francisco campus, and global academic engagements. With responsibility for managing a $70M+ expense budget, the Director plays an integral role in aligning financial strategy across the division, with direct impact on over 2,200 Wharton Graduate students. The position works closely with Graduate Division Directors and senior leadership across both Wharton and the University of Pennsylvania to ensure effective fiscal stewardship and strategic alignment.
Job Description
The Director holds primary responsibility for the Graduate Programs' operating budgets, financial analyses, and modeling. This includes partnering with stakeholders to develop and manage budgets, appropriately allocating school, gift, and endowment funds, and providing financial reporting to senior leadership on trends, cash flow positions, and overall financial performance. The role oversees the full budget life cycle, including forecasting deliverables, monthly reconciliations, and financial close processes. In addition, the Director manages key operational functions such as payroll, purchasing, travel reimbursements, and the financial components of HR and hiring activities. Managing a team of financial professionals, the Director provides leadership in training, support, and coaching to promote the continuous development of staff and ensure the adoption of best practices across the division. The role is also responsible for designing and implementing improved financial processes that enhance efficiency, strengthen data accuracy, and increase consistency across departments. The Director develops robust financial controls, oversees monthly reporting and variance analysis, and maintains active collaboration with both local and central administrative units. Serving as a key liaison and trusted advisor, the Director of Finance and Business Operations plays a vital role in advancing the programs' financial objectives and operational excellence.
Qualifications
Bachelor's degree in Accounting, Finance, Business Administration, or a related field; advanced degree (MBA, MPA, or related) or CPA strongly preferred.
Minimum of 7-10 years of progressive experience in accounting and financial management, including strategic budgeting, forecasting, and financial analysis.
Demonstrated leadership experience managing financial teams, with a proven ability to develop talent, hold staff accountable, and foster a culture of collaboration and continuous improvement.
Strong analytical and problem-solving skills, with the ability to interpret complex financial data and provide actionable insights to senior leadership.
Proven experience in developing and implementing efficient financial processes, systems, and reporting structures.
Excellent communication and interpersonal skills, with the ability to effectively engage and advise stakeholders at all levels, including cross-functional teams, senior administrators, and central offices.
Comprehensive understanding of financial operations, including payroll, purchasing, travel and expense, reconciliation, and HR-related financial functions.
Knowledge of University of Pennsylvania financial systems (such as BEN Financials, Workday, Business Objects, and Concur) strongly preferred.
High level of integrity, discretion, and professionalism, with a strong commitment to accuracy, transparency, and fiscal stewardship.
Job Location - City, State
Philadelphia, Pennsylvania
Department / School
Wharton School
Pay Range
$109,000.00 - $145,000.00 Annual Rate
Salary offers are made based on the candidate's qualifications, experience, skills, and education as they directly relate to the requirements of the position, and in alignment with salary ranges based on external market data for the job's level. Internal organization and peer data at Penn are also considered.
Equal Opportunity Statement
The University of Pennsylvania is an equal opportunity employer. Candidates are considered for employment without regard to race, color, sex, sexual orientation, religion, creed, national origin (including shared ancestry or ethnic characteristics) , citizenship status, age, disability, veteran status or any class protected under applicable federal, state or local law .
Special Requirements Background checks may be required after a conditional job offer is made. Consideration of the background check will be tailored to the requirements of the job.
University Benefits
Health, Life, and Flexible Spending Accounts : Penn offers comprehensive medical, prescription, behavioral health, dental, vision, and life insurance benefits to protect you and your family's health and welfare. You can also use flexible spending accounts to pay for eligible health care and dependent care expenses with pre-tax dollars.
Tuition : Take advantage of Penn's exceptional tuition benefits . You, your spouse, and your dependent children can get tuition assistance here at Penn. Your dependent children are also eligible for tuition assistance at other institutions.
Retirement: Penn offers generous retirement plans to help you save for your future. Penn's Basic, Matching, and Supplemental retirement plans allow you to save for retirement on a pre-tax or Roth basis. Choose from a wide variety of investment options through TIAA and Vanguard.
Time Away from Work: Penn provides you with a substantial amount of time away from work during the course of the year. This allows you to relax, take vacations, attend to personal affairs, recover from illness or injury, spend time with family-whatever your personal needs may be.
Long-Term Care Insurance: In partnership with Genworth Financial, Penn offers faculty and staff (and your eligible family members) long-term care insurance to help you cover some of the costs of long-term care services received at home, in the community or in a nursing facility. If you apply when you're newly hired, you won't have to provide proof of good health or be subject to underwriting requirements. Eligible family members must always provide proof of good health and are subject to underwriting.
Wellness and Work-life Resources : Penn is committed to supporting our faculty and staff as they balance the competing demands of work and personal life. That's why we offer a wide variety of programs and resources to help you care for your health, your family, and your work-life balance.
Professional and Personal Development: Penn provides an array of resources to help you advance yourself personally and professionally.
University Resources: As a member of the Penn community, you have access to a wide range of University resources as well as cultural and recreational activities. Take advantage of the University's libraries and athletic facilities, or visit our arboretum and art galleries. There's always something going on at Penn, whether it's a new exhibit at the Penn Museum, the latest music or theater presentation at the Annenberg Center, or the Penn Relays at Franklin Field to name just a few examples. As a member of the Penn community, you're right in the middle of the excitement-and you and your family can enjoy many of these activities for free.
Discounts and Special Services : From arts and entertainment to transportation and mortgages, you'll find great deals for University faculty and staff. Not only do Penn arts and cultural centers and museums offer free and discounted admission and memberships to faculty and staff. You can also enjoy substantial savings on other goods and services such as new cars from Ford and General Motors, cellular phone service plans, movie tickets, and admission to theme parks.
Flexible Work Hours: Flexible work options offer creative approaches for completing work while promoting balance between work and personal commitments. These approaches involve use of non-traditional work hours, locations, and/or job structures.
Penn Home Ownership Services: Penn offers a forgivable loan for eligible employees interested in buying a home or currently residing in West Philadelphia, which can be used for closing costs or home improvements.
Adoption Assistance: Penn will reimburse eligible employees on qualified expenses in connection with the legal adoption of an eligible child, such as travel or court fees, for up to two adoptions in your household.
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To learn more, please visit: https://www.hr.upenn.edu/PennHR/benefits-pay
The University of Pennsylvania's special character is reflected in the wide variety of backgrounds, experiences, and perspectives of the Penn community. We seek talented faculty and staff who will constitute a vibrant community and help create an educational and working environment that best supports the University's commitment to excellence in teaching, research, and scholarship. The University of Pennsylvania is an equal opportunity employer. Candidates are considered for employment without regard to race, color, sex, sexual orientation, religion, creed, national origin (including shared ancestry or ethnic characteristics), citizenship status, age, disability, veteran status, or any class protected under applicable federal, state or local law.
