The New York Genome Center (NYGC) is an independent, nonprofit academic research institution at the forefront of transforming biomedical research with the mission of advancing clinical care. A collaboration of premier academic, medical and industry leaders across the globe, the New York Genome Center is committed to advancing genomic research and offering clinical genomic testing so that new treatments, therapies and therapeutics against human disease can be developed. NYGC member organizations and partners are united in this unprecedented collaboration of technology, science and medicine, designed to harness the power of innovation and discoveries to advance genomic services.
The New York Genome Center is a VEVRAA Federal Contractor. All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, creed, color, gender, religion, national origin, sexual orientation, age, disability, genetic predisposition or carrier status, protected veteran or military status, domestic violence victim status, partnership status, caregiver status, alienage or citizenship status, marital status, or any other characteristic protected by applicable law. The New York Genome Center takes affirmative action in support of its policy to hire and advance in employment individuals who are minorities, women, protected veterans, and individuals with disabilities.
The Director of Finance will be responsible for oversight of all finance, accounting and reporting activities at the New York Genome Center. Reporting to the Senior Vice President, Finance & Administration, s/he will act as a controller for the organization, lead and perform the day-to-day accounting activities and supervise a team of four staff members with functional responsibility in accounting, accounts payable and accounts receivable, and grants accounting. S/he will ensure that New York Genome Center has the systems and procedures in place to support effective program implementation and to conduct audits. S/he will be the go to person for all not-for-profit accounting, including contributions and grants, functional expenses, net assets, financial reporting and 990 filings. This is a hands-on role, that requires an individual who can perform activities themselves without significant delegation.
Responsibilities include, but are not limited to:
Oversee daily and monthly accounting activities, including accounts payable and receivable, and monthly close journal entries;
Oversee ledger (SAP B1) and reporting systems;
Oversee the annual audit and communication with external auditors;
Continue to develop accounting processes and controls;
Perform required research for accounting issues which arise and complete documentation;
Lead 990 preparation and coordination with tax preparers;
Maintain internal control and safeguards for receipt of revenue, costs, grants and budgets;
Ensure preparation of bank account reconciliations and general ledger account analyses and reconciliations;
Responsible for weekly organizational cash flow forecasting;
Review grant agreements to ensure proper financial reporting;
Stay abreast of new accounting pronouncements and industry developments.
Budgeting & Management Reporting
Oversee monthly and quarterly reporting including monthly budget to actual report, quarterly Board of Directors report, and quarterly debt covenant reporting;
Prepare the annual budget and quarterly projections by working with department heads to understand their needs; administer and review all financial plans and budgets; monitor progress and changes;
Oversee preparation of year-end financial statements and footnotes, including supporting schedules.
Oversee grants accounting activities, including contract/grant documents, expense compliance, effort reporting, grant reimbursements, billing and reconciliation, reporting, budget preparation and submission, and journal entries;
Interpret and implement rules, regulations, policies and procedures set forth by grantor/sponsoring agencies and ensure the Center remains compliant with grant requirements for every program;
Work closely with NYGC faculty and staff on contract and grant issues, advising them on procedures and status;
Serve as point-of-contact for grantors on financial queries;
Stay abreast of new grant and auditing requirements;
Lead external grant audits and site visits.
Provide leadership and people management to team, including mentoring, coaching, training, developing and building teams.
BA in Accounting required, Master’s degree or MBA preferred;
A minimum of 7-10 years of progressive professional accounting experience required;
Big 4 experience, including experience in multiple clients across different industries, required;
Not-for-profit experience, including A-133 audit experience, highly preferred; familiarity with specialized nonprofit industry accounting practices, reporting requirements and procedures required;
Grants administration experience and knowledge of laws and regulations pertaining to grants and contracts administration is required; familiarity with IT Works is preferred.
Demonstrable experience coordinating audit activities, managing reporting, budget development and analysis, accounts payable and receivable, general ledger;
Significant experience with allocations of shared costs; familiarity with US Government negotiated indirect rates and methodologies preferred;
Strong interpersonal and communication skills; experience in effectively communicating key data, including presentations to senior management, board or other outside partners required;
Ability and desire to translate complex financial concepts to individuals at all levels, including finance and non-finance managers required;
A hands-on attitude with the willingness to “roll up your sleeves” and do the work that is required.
Job Mastery- Knowledgeable of current role and technical skills, and the impact it has on the Center.
Continuous Learning– Strives to expand the depth and breadth of technical and professional skills.
Collaborative– Encourages participation from team members and works effectively with all levels.
Credible– Works with a high level of integrity.
Communicative– Actively listens to others and uses good judgement as to what to communicate to whom; provides feedback.
Focused – Utilizes efficient and effective processes.
Adaptable– Demonstrate flexibility with changing priorities.
Innovative– Develops new insights and pursues improvements.
Takes Ownership– Prioritizes tasks, manages time and delivers on commitments.
Talent Builder – Attracts, develops, empowers and retains talent, and communicates expectations and feedback in real time.
Stewardship – Uses NYGC’s resources responsibly.
FLSA Status – Exempt
About New York Genome Center
The New York Genome Center (NYGC) is an independent, nonprofit academic research institution at the forefront of transforming biomedical research with the mission of advancing clinical care.
A collaboration of premier academic, medical and industry leaders in New York and other partners across the globe, the NYGC has as its goal translating genomic research into the development of new treatments, therapies and therapeutics against human disease.
Its member organizations and partners are united in this unprecedented collaboration of technology, science and medicine, designed to harness the power of innovation and discoveries to advance genomic services. Their shared objective is the acceleration of medical genomics and precision medicine to benefit patients around the world.