Hiring Finance Professionals—FAQ

Finance Professional 1 and 2 positions from across the University are combined into a single job posting, allowing candidates to apply just once for all open positions.

Q1: How is the pool managed?
A1: A dedicated central recruiter in Talent Acquisition manages the entire process, including communicating with applicants, reviewing résumés to determine qualifications, identifying qualified and diverse applicants, and gathering feedback on the candidate and hiring manager experience.

Q2: Can units have their own separate postings for Finance Professionals 1 and 2?
A2: No. The pooled postings include a brief description of the unit and its current openings. Once an opening is filled, the description is removed from the pooled posting. The information is continually updated as positions open and fill.

Shared resources are used to recruit via multiple avenues (for example, online, print, social media, and professional organizations). Units can recruit on their own, if they wish, and direct candidates to the University-wide posting.

Q3: Are Finance Professional 3 and 4 positions included in the pooled-posting process?
A3: The process is focused on Finance 1 and 2 positions. Feedback and data show that Finance Professional 3 and 4 hires are primarily internal, because institutional knowledge of policy and procedures is considered a requirement at those levels.

Q4: How do hiring managers post their openings? Do hiring managers need their own position numbers?
A4: Units create individual positions and postings, but they will not post them to the employment website. The public only sees the pooled posting for Finance Professional 1 and 2 positions. Hiring managers receive a list of qualified applicants through the pooled positions.

Q5: How quickly do hiring managers receive applicants in their pool?
A5: Hiring managers receive their initial pool of qualified, diverse applicants within two days after their job opening is received.

Q6: How does a pooled posting capture all the requirements needed for different units?
A6: The University-required qualifications for a position are universal. A central recruiter is responsible for ensuring specific department requirements are not missed.

Q7: Do internal applicants go into the pool as well?
A7: Yes, internal applicants apply to the same pool. Applicants select which units they want to work in and are routed for those job postings if they meet the qualifications.

Q8: How long does an applicant stay in the pool?
A8: An application stays in the pool two years or until they are hired or are no longer interested in U of M employment.

Q9: Does the pooled-hiring process apply on system campuses?
A9: No. Information on applicants who express interest in working at a system campus will be forwarded to that campus's HR office.