The SVC/CFO’s office provides guidance and direction on all aspects of financial performance at the University of Pittsburgh. The office manages an annual operating budget of $2.4 billion and handles the investment strategy for the University’s endowment. Through the many functions of the SVC/CFO’s office, which include payroll, purchasing, research accounting, risk management, strategic planning, student financial services and tax matters, the University has an economic impact on the Commonwealth of Pennsylvania that totals $4.2 billion.
The Office of the SVC/CFO is committed to furthering the University’s strategic plan – the Plan for Pitt – with a focus on Building Foundational Strength to ensure resources are strategically leveraged in support of Academic Excellence; Research of Impact; Strengthening Communities; Diversity and Inclusion Promotion; and Extending our Global Impact.
Members of the SVC/CFO’s office work cooperatively to ensure resources are leveraged strategically, effectively, and efficiently in support of the University’s mission by providing exceptional expertise, enabling collaborative stewardship of financial resources, and building lasting partnerships across Pitt.
In support of this direction, the Office of the Senior Vice Chancellor and CFO Strategic Plan FY 2020 – FY 2025 was established. It defines the mission, guiding principles, key objectives, and opportunities for the team. The Guiding Principles and Strategic Priorities are highlighted below.
The staff within the SVC/CFO’s office strive to embrace the University’s core values, including excellence, integrity, collaboration, diversity, and agility by:
- Developing collaborative partnerships with University stakeholders to address issues and solve problems.
- Consulting with our stakeholders and including them in making decisions that affect their business processes and systems.
- Working continuously to improve current processes, tools, and policies in service to our stakeholders.
- Fostering a culture of strategy and performance-driven planning and budgeting.
- Promoting a long-range view of priorities and resource needs to achieve the strategic goals and objectives contained in the Plan for Pitt.
- Encouraging transparency and providing clear and effective communications internally and externally.
- Reviewing progress towards our strategic objectives on a regular basis and making adjustments to reflect priorities.
- Drive collaborative strategic planning at the University that incorporates an enterprise risk management framework across the institution to appropriately consider risk in the planning and decision-making stages.
- Maximize and align resources with the University’s strategic priorities and values.
- Champion a customer-first relationship with the University’s Responsibility Centers.
- Assess current resources and staffing across the Office of the SVC/CFO’s and realign and strengthen where needed ensuring that we attract and maintain the top talent with the right skills to advance the University’s strategic priorities.