Job Description

The CFO is responsible for leading the finance, accounting, and audit functions of the Institute. The CFO is a key advisor to the EVP for Operations, Strategy & Scientific Affairs, the Chief Executive Officer (CEO) and President, and the board of directors and board committees (particularly the executive, investment, finance and audit committees). The CFO provides both strategic and hands-on leadership, is responsible for financial strategy decisions, oversees budgeting, financial modeling and analysis, accounting practices and procedures, and all borrowing, investing and cash management functions. The CFO is responsible for the Institute’s relationships with lending institutions and with the various regulatory agencies determining the Institute’s funding and indirect costs recovery, and for formulating and executing financing strategies to meet capital and operational funding requirements. In addition, the CFO is a key contributor to the formulation and execution of the organization’s long term strategic plan.

Currently, the CFO will have primary oversight and direct supervision of the following staff: Vice-President (VP) Corporate Accounting & Financial Operations, VP Support Operations, VP Procurement and Risk Management, and Director Post Award & Audit.

The successful candidate for this position will be an expert with a demonstrated track record of success in leading a multifaceted financial management function, including recent experience as a VP Finance or CFO, or a similar level position, for an organization with revenues over $50 million. The preferred candidate will have a combination of both for-profit and non-profit financial management experience. Prior experience working with federally funded grants & contracts and in a research environment is desirable. The successful candidate must be a team-player who has effectively interacted, both internally and externally, with individuals at all levels, including individuals in the “C-Suite”, investors, financial officials, and senior government leaders.

Scope of Responsibilities
  • Oversee accuracy, timeliness and reporting of month-end activities, including general ledger maintenance, balance sheet reconciliations and indirect expense allocations.
  • Oversee management and coordination of all fiscal reporting activities for the organization including but not limited to revenue/expense and balance sheet reports, reports to federal, state and county funding agencies, management of licensing contracts, grant budgets, donor funding and restricted fund reporting.
  • Ensure the maintenance and enhancement of financial and accounting systems, processes, and internal controls as well as external audits to safeguard financial assets of the organization and oversee federal awards and programs. Oversee the coordination and activities of independent auditors ensuring all A-133 audit issues are resolved and the preparation of the annual financial statements is in accordance with U.S. Generally Accepted Accounting Principles (GAAP) and federal, state, and other required supplementary schedules and information. Assure compliance with federal, state and county accounting and indirect cost regulations as well as compliance with GAAP. Oversees the internal audit function.
  • Directly responsible for filings with IRS and other governmental agencies relating to financial matters.
  • Lead the organization’s budget development process, assuring timeliness and accuracy. Assure adequate financial tools are provided to ensure timely budget management by investigators and appropriate controls exist to prevent budget variance.
  • Prepare and present to the EVP, the CEO, and the Board monthly financial status analysis, including reasons for variances, anticipated issues/opportunities, and strategic and tactical recommendations for addressing issues/opportunities.
  • Participate and perform analysis of financial implications in developing new business/service/acquisitions; assist the EVP and CEO in identifying new funding opportunities (public and private); draft prospective programmatic budgets and determine cost effectiveness.
  • Ensure adequate controls are installed and substantiating documentation is approved and available such that all financial transactions may pass independent and governmental audits.
  • Prepare quarterly/ annual financial status analysis and forecasts for the fringe benefit costs and recoveries.
  • Manage cash flow and forecasting. Develop a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meeting operating needs. Optimize the handling of banking relationships and initiate appropriate strategies to enhance cash positions.
  • Lead long range financial planning and the development of multi-year capital budgets
  • Oversee investment portfolio and provide expert guidance and recommendations to the EVP, CEO and Board on potential portfolio optimization and risk management strategies.
  • Partner with advancement and development function on financial implications of major donor commitments – i.e., restricted funds, etc.
  • Participate as needed, as a representative of the Institute, in meetings with county and elected officials, major donors, and venture capitalists, etc. Network with other financial leaders in for profit and non-profit organizations within biotechnology and research communities. Provide insight on financial trends, tools, and approaches and benchmark financial practices.
  • Mentor and develop the finance team, assuring the development of needed technical skills, effective performance management, work allocation, organizational structure & cost, succession capabilities, and morale.
  • Partner in a productive and collegial manner with other units at the Institute, including Human Resources, Information Technologies, Research Administration, Business Development & Technology Transfer, and Facilities to meet and enhance both the functional and financial needs of the organization.
Skills & Experience Required
  • Requires a proven track record in senior financial leadership positions, with regular direct executive and Board interaction.
  • Demonstrated proven success as a financial leader.
  • Experience with accounting and financial systems in complex organizations
  • Demonstrated track record with strategic financial planning, financial and investment management, debt financing and management, and cash flow management.
  • Experienced with evaluating, selecting, implementing, and managing financial information systems in a medium sized organization. Experience with ERP/CRM systems implementations highly desired.
  • Requires prior experience with non-profit accounting in accordance with GAAP, OMB Circulars A-133, A-110 and A-122, TANF program regulations and compliance requirements, grant accounting and appropriate Code of Federal Regulations sections.
  • Effective and persuasive communicator – both written and oral – with a track record of engagement with multiple and diverse stakeholders.
  • Adept at managing conflict and competing agendas.
  • Effective teaching and mentoring skills.
Education Required

Bachelor degree in Finance/Accounting required; Masters in Finance highly desired.

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!

Apply Online