Director of Finance

Job Type Full-time Description The Masonic Medical Research Institute (MMRI) is a non-profit dedicated to scientific research that improves the health and quality of life for all humankind. MMRI is currently looking for a Finance Director to add it it's growing team. The Finance Director is responsible for managing all financial and grants administration operations of the Institute. The Finance Director is the front-facing liaison to the Board of Directors and Board Committees (particularly the executive, investment, finance and audit committees). The Finance Director ensures all financial reporting to multiple stakeholders is accurate, timely, consistent with Generally Accepted Accounting Principles and Uniform Guidance, or other specific criteria. Additionally, the Finance Director ensures grants administration functions are functioning at a high level and compliant with relevant regulations. The Finance Director is a strategic partner to the Executive Director, senior management, and the Board. Essential Duties/Responsibilities: Review all fiscal reporting activities for the organization including, but not limited to, revenue/expense and balance sheet reports, reports to funding agencies, donor funding and restricted fund reporting. Ensure cost allocations policies and processes are adequate and consistently followed. Act as Authorized Organization Representative (AOR) for submission of grant funding opportunities Oversee payroll processes are followed and perform bi-weekly attestation. Oversee the processes and review the findings of independent auditors and ensure all audit issues are resolved Prepares indirect cost and fringe benefit rate proposals. Directly responsible for filings with IRS and other governmental agencies relating to financial matters. Prepare payments to annuitants and prepare entries for activities from split interest agreements (charitable gift annuities (CGA) and pooled income fund (PIF)). Prepare annual CGA filings to New York and Florida Insurance Departments and manage NYS review every 5 years. 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. Manage cash flow and forecasting. Optimize the handling of banking relationships and initiate appropriate strategies to enhance cash positions. Coordinate debt financing and servicing to ensure adequate cash flow is maintained and interest is minimized. Manage estate and trust gifts and ensure recording of bequests and split-interest agreements is accurate and timely. Manage corporate insurances and ensure coverages are adequate and in place. Review and/or prepare and present reports for the Board to report financial status and analysis. Participate in strategic discussions and analysis related to developing new businesses/services/acquisitions Advise investment committee and 403(b) committee on investment and fiduciary obligations. Serve on 403b review committee and act as Plan Sponsor. Supervise, mentor and develop accounting team, assuring the development of needed technical skills, effective performance management, work allocation, organizational structure & cost, succession capabilities and morale. Oversee recording and reporting of estate and trust gifts and ensure it is accurate and timely. Supervise contract management and procurement processes to ensure efficiencies and value are achieved in purchasing goods and services. Supervise grants administration staff to ensure pre- and post-award compliance is maintained and reporting to grantors and Principal Investigators is accurate and spending levels are properly monitored. Ensure Finance and grants administration policies and procedures are kept current and are followed. Requirements Certified Public Accountant with commensurate experience required. Ten years or more of related experience. Demonstrated track record of success in a multifaceted financial management function of a nonprofit. Prior experience working with federally funded grants & contracts and in a research environment required. Experience with Blackbaud Financial Edge NXT and Paylocity preferred. Proficient in Microsoft Office Suite or similar software. Excellent management and supervisory skills. Excellent written and verbal communication skills. Excellent organizational and time management skills. Must be a team-player and collaborator. Salary Description $115-125K, commiserate with experience.

Created: 2024-11-05