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University of Pennsylvania Hiring for Chief Operating and Financial Officer, The Wharton School at Philadelphia Full Time
Job Details
Chief Operating and Financial Officer, The Wharton School
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
Chief Operating and Financial Officer, The Wharton School
Job Profile Title
Vice Dean of Administration, Academic Affairs
Job Description Summary
The Chief Operating and Financial Officer of Wharton is a key thought partner to the Dean, charged with strategically developing and executing on the School’s operational and financial resources in fulfillment of its strategic plan.
Job Description
Job Responsibilities
The COO and CFO will be part of Wharton’s senior leadership team, responsible for both the day-to-day operations and long-term strategic planning of the School that enhances the academic and research experience of faculty, students, staff, alumni, program participants, and the local community. The COO and CFO will play a key role in furthering Dean Erika James’ vision for The Wharton School: The Wharton Way. The COO and CFO will assume administrative responsibility over operational
areas that support the infrastructure and financial health of Wharton’s Philadelphia and San Francisco campuses, along with additional global activities and strategies, totaling over one million square feet of real estate. The COO and CFO will be responsible for direct management of a $600M annual budget and approximately 300 staff, with the ability to lead and influence in a matrixed organization. Seen as a critical leader deeply involved in Wharton’s expansion in new programs, geographies, and physical spaces, this person will be seen as a key enabler of the business decisions that allow Wharton to advance and enable the innovation for which it is known around the globe. Additionally, and critically important: the COO and CFO will be a strong agent of change and will lead a significant transformational effort as Wharton evolves to meet the changing needs of higher education and business, in alignment with The Wharton Way. The successful candidate must be capable of providing powerful leadership in the development and execution of strategies, approaches, and solutions that address complex, multi-factor financial, and operational issues, both short- and long-term.
Nominations and applications should be directed to: [email protected]
Qualifications
A master’s degree and 10+ years of related experience required, or equivalent combination of education and experience.
Senior Administrative Leadership: 15+ years of experience in a senior management role with demonstrated experience driving impact in a large, complex organization, relevant to academia. Experience or demonstrated ability to manage, lead, and improve the efficiency of finance, operations, and
capital planning. An experienced leader of senior professionals with strong leadership skills and demonstrated success building and working effectively in teams, as well as a professional record for advancing diversity, equity, and inclusion goals.
Strategic Development and Implementation: Experience in leading a strategic vision, with the highest aspirations and ambitions for the quality and reputation of Wharton. Demonstrated evidence of the ability to develop and implement a strategic vision for the institution; to establish and pursue clear strategic priorities; and to deploy resources effectively to steadily advance those priorities.
Stakeholder and External Engagement: Possesses excellent communication skills and the ability to interact and communicate with multiple stakeholder groups, including faculty, staff, students, fellow Penn leaders, industry partners, alumni, Board members, and external stakeholders. A track record of developing mutually beneficial partnerships within a complex organization.
Commitment to Diversity, Equity, and Inclusion: A commitment to diversity in all its forms (i.e., racial, gender, socio-economic, intellectual, etc.).
Please note: The University of Pennsylvania will be assisted by Heidrick & Struggles, Inc.
All nominations and applications should be directed to: [email protected]
Job Location – City, State
Philadelphia, Pennsylvania
Department / School
Wharton School
Pay Range
$90,000.00 – $400,000.00 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, as well as internal and market factors and grade profile.
Affirmative Action Statement
Penn adheres to a policy that prohibits discrimination on the basis of race, color, sex, sexual orientation, gender identity, religion, creed, national or ethnic origin, citizenship status, age, disability, veteran status, or any other legally protected class.
Special Requirements
Background check 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.
To learn more, please visit: https://www.hr.upenn.edu/PennHR/benefits-pay
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