What are the responsibilities and job description for the Chief Financial Officer position at The Lundquist Institute?
ABOUT US - COMPANY INFORMATION
Have you got the right qualifications and skills for this job Find out below, and hit apply to be considered.
The Lundquist Institute for Biomedical Innovation at Harbor-UCLA Medical Center (TLI) is Los Angeles County's preeminent independent, not-for-profit biomedical research hub, excelling in transforming scientific breakthroughs into practical therapies. With a $90 million annual budget, the renowned TLI is home to over 150 investigators and 500 staff, advancing 600 projects in areas such as Infection and Immunity, Cancer, and Women's Health. Founded in 1952, the Institute continues to train physician-scientists and manage healthcare programs for 60,000 underserved families throughout South Los Angeles.
POSITION SUMMARY
The Chief Financial Officer (CFO) of The Lundquist Institute will play a crucial role in overseeing the financial health and sustainability of the organization. The CFO will lead the Finance and Accounting teams, ensuring effective management of general accounting, payroll, treasury functions, and post-award finance of sponsored projects. The ideal candidate will possess strong leadership skills, a strategic mindset, and a commitment to supporting the mission of the Institute.
DUTIES AND RESPONSIBILITIES
- Financial Management : Develops and implements financial strategies to ensure long-term financial sustainability and growth that support the Institute's mission and goals.
- Provides financial leadership for the Institute's overall budgeting, forecasting, and financial planning processes, ensuring alignment with the Institute's strategic goals.
- Leads the budgeting process, including preparation, analysis, and monitoring of departmental budgets.
- Participates in planning all capital projects including those as a part of infrastructure grants.
- Prepares and presents accurate and timely financial reports to the Board of Directors and executive team.
- Serves as liaison and support for Finance and Audit committees for the Board of Directors.
- Collaborates with the Senior VP of Advancement for development financial reporting.
- Leads commercial and real estate contract negotiations and management.
- Oversees treasury functions, including cash management, investment strategies, and risk management.
- Oversees payroll operations to ensure accurate and timely processing of employee compensation.
- Provides guidance for general accounting functions, including accounts payable / receivable, journal entries, and month-end close processes.
- Ensures compliance with GAAP, and all federal, state, and local financial regulations.
- Ensures that all policies within the scope of the CFO are updated and communicated to administrative staff.
- Identifies and implements process improvements to enhance financial operations and reporting efficiency.
Sponsored Projects Accounting : Ensures effective grant and contract accounting, including the monitoring of grant expenditures, compliance with federal, state, and institutional regulations and guidelines, and the preparation of financial reports for internal use as well as required reporting to funding agencies.
Leadership and Team Development : Collaborates with the executive team to develop and execute the Institute's strategic plan, with a focus on financial sustainability and growth.
EDUCATION
Bachelor's degree in Business Administration, Finance, Accounting, or a related field required; and Master's degree in Business Administration, Accounting, or Finance, and CPA preferred.
QUALIFICATIONS
CERTIFICATIONS
Certified Public Accountant (CPA)
ESSENTIAL FUNCTIONS
PHYSICAL DEMANDS
Sitting : 10% - Standing : 10% - Walking : 10% - Typing / Using a computer : 70%
Salary Range : Min - $232,048 / Max - $359,053 / yr.
J-18808-Ljbffr
Salary : $90 - $359,053
