The Assistant Controller, is responsible for safeguarding the integrity of the Institute’s accounting information by recording, reporting, and reconciling transitions in conformity with generally accepted accounting principles, standards, and practices for sponsored research organizations.
This role works closely with other Finance departments, under the direction of the Controller, to promote accounting integrity, effective internal controls, and optimization of process efficiency. The Assistant Controller will assist in the preparation of year-end financial statements, working with external auditors for the University’s annual audits, the monthly closing and financial reporting processes, and the maintenance of ledger accounts and internal accounting processes to ensure that practices align with the overall goals of the Institute. This position has direct supervision over the General Ledger, Cash Management, Fixed Assets and Grant Accounting and the teams that support these areas.
About The Broad Institute
The Broad Institute is a remarkable institution - we apply our deep knowledge of human genetics to empower a revolution in biomedicine and accelerate the pace at which the world conquers disease. Through our partnerships with MIT, Harvard, and the Harvard teaching hospitals, we've become a worldwide hub for genomic medicine.
- You will gain invaluable experience: Interact with some of the sharpest minds within the scientific and administrative community
- You can make a difference: Opportunity to assist in the implementation of process improvements to the existing grant billing process and post award accounting practices.
- You will be an integral member of a collaborative team: You will work in close collaboration with members of the Controller’s Office, the Office of Sponsored Research, Enterprise Systems, as well as others within the organization. The Broad has experienced tremendous growth over recent years, and as a result it is increasingly necessary to improve the efficiency and effectiveness of key business processes. You will have the opportunity to work closely with key process owners within the Controller’s Office (including Payroll, AP, AR, and Financial Reporting) and across Finance to propose and implement new ways of doing business.
- Financial System and Controls
- With the Controller, assures the integrity, accuracy, and functionality of the existing ERP system. This includes the financial management system and related systems that interface and complement the integrated financial management system.
- Will play a key role in the upcoming ERP implementation.
- Assists and advises the Controller in establishment of policies and procedures to ensure efficient operation with adequate controls in accordance with accounting rules and federal guidelines.
- Make recommendations for change in policy, practices, and procedures.
- Identify, propose and implement potential process improvements to finance-related functions/systems.
- Serves as the liaison to the external auditors for the Institute’s (and related entities) external audits (financial statement, Uniform Guidance, and ERISA).
- Assesses and advises the Controller regarding the financial/accounting impacts resulting from financial processes and transactions resulting from the financial operations of the Institute (payables, payroll, journal vouchers, billing, receivables, cash management, etc.).
- Provides guidance to those responsible for the other financial processes regarding timing and method used to ensure appropriate financial accounting and reporting.
- Serves as a “sounding-board” for potential financial operations process improvements.
- Ensures all accounts are reconciled in a timely manner
- Financial Analysis
- Develop and refine existing metrics/benchmarking that compare institutional trends over time as well as with other like organizations.
- Provide monthly, quarterly and year-end financial statements and analyses.
- Develop requested financial and other related reporting.
- Demonstrated ability to balance financial analysis skills and understanding of accounting regulations with real-life implementation skills and big picture thinking.
- Coaching, Supervision and Teamwork
- Manage the financial accounting team (directly supervising four), determining appropriate skills and checks and balances necessary to ensure compliance with required accounting principles, achievement of best practices and efficient operations.
- Foster a sense of team-work while coaching individual members of the financial accounting team to leverage the team-members' skills, abilities and passions for the benefit of the department and organization.
- This position requires frequent, collaborative interaction with key members of other teams within Finance and Administration as well as across the Institute.
- A successful candidate will have the ability to promote the growth of the team utilizing well developed management and coaching skills to leverage opportunities and ideas to support the Institute and its initiatives.
- Desire to work effectively with a high-powered, very engaged team of scientists and other experts in a fast-paced and challenging environment
- Minimum 10 years of professional accounting or related experience, preferably with some of this experience in a sponsored research/nonprofit setting
- BS/BA in accounting, finance, or related field; CPA preferred
- Knowledge of GAAP, recent FASB pronouncements, and general internal controls; Uniform Guidance knowledge preferred
- Proficient with Microsoft Excel (pivot tables and look-ups) and Google Apps; experience with ERP software packages and implementation a plus
- Excellent verbal, written and interpersonal communications skills