MUSC Foundation Chief Financial Officer

Job Description Summary

For over fifty years, the Medical University of South Carolina Foundation (“Foundation”) has helped donors with their philanthropic support of MUSC. The Foundation now has over $800 million in assets that exclusively benefit the Medical University of South Carolina and MUSC Health in their mission to educate future medical professionals, research new ways to advance healthcare, and to care for patients.

The Foundation has four primary activities:

Gifts – raise charitable gifts, accept donations, perform fund accounting and reporting functions, process distributions to MUSC beneficiaries. The Foundation received $55 million in contributions and distributed $48 million in support to MUSC during FY 2025.

Investments – manage over $725 million in long term and short term investments.

Real Estate – own $50 million of property for the benefit of MUSC.

Other MUSC Support – provide strategic advice and other support to MUSC, like the management of MUSC’s internal venture capital program – 1824 Health Ventures.

The Foundation’s finance and accounting team is currently comprised of seven professionals and is responsible for general ledger accounting, fund administration, accounts payable, treasury management, and financial reporting. The Chief Financial Officer (“CFO”) leads this team and collaborates closely with the Chief Operating Officer (“COO”) and the gift operations team.

The CFO is a key member of the Foundation’s executive leadership team.

Entity

University Medical Associates (UMA) Only Employees and Financials

Worker Type

Employee

Worker Sub-Type​

Regular

Cost Center

CC002075 UMA OTHR PAY MUSC Foundation CC

Pay Rate Type

Salary

Pay Grade

Health-00

Scheduled Weekly Hours

40

Work Shift

Job Description

Foundation Leadership

• Work with CEO, VP of Institutional Advancement, and COO to define and execute the Foundation’s strategic plan
• Work with the Foundation’s MUSC partners – President’s Office, business managers, and other MUSC leaders – to ensure quality service and innovate the Foundation’s processes
• Board Responsibilities
• Board Treasurer
• Manage and support the Finance and Audit Committees
• Coordinate with CEO and board committee chairs
• Prepare and present materials
• Prepare the annual budget and manage the annual budget process
• Direct reports: Controller, Funds Manager

Accounting

• Support the Controller in their responsibilities

- General Ledger

- Monthly Financial Statements and Budget Report

- Investments and Real Estate Accounting

- Accounts Payable

- CRUTs and CRATs

- Audit & Tax

- Reporting

• Establish, oversee, and update processes and controls
• Design and develop new reports/dashboards for Foundation and MUSC leadership

Fund Administration

• Support Funds Manager in their responsibilities

- Setting up new funds

- Oversight and review of fund activity

- Calculating annual endowment payouts

- Monitoring for stranded assets

- Customer service

- Audit & Tax

• Primary liaison with audit and tax firm

- Review annual engagement letters

- Manage RFP process

- Coordinate with auditor and tax team

- Support the Controller in their management of the audit process and tax filings

• Preparation of audit documents and schedules
• Form 990

Treasury Management

• Cash flow management and forecasting
• Bank and broker relationship management
• Money movement and security transfers

Revenue Management

• Management fees
• Rent income

Debt Management

• Arrange and negotiate financing
• Manage debt service, debt covenant compliance

Additional Job Description

Education: Bachelor's Degree or Equivalent Work Experience: 11 years progressive work experience and 7 years management experience

If you like working with energetic enthusiastic individuals, you will enjoy your career with us!

The Medical University of South Carolina is an Equal Opportunity Employer. MUSC does not discriminate on the basis of race, color, religion or belief, age, sex, national origin, gender identity, sexual orientation, disability, protected veteran status, family or parental status, or any other status protected by state laws and/or federal regulations. All qualified applicants are encouraged to apply and will receive consideration for employment based upon applicable qualifications, merit and business need.

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