National Academy of Sciences
Director of Finance - National Academy of Medicine
National Academy of Sciences, Washington, District of Columbia, us, 20022
Job Description Summary:
*Cover letter is required*
About the National Academy of Medicine (NAM) The National Academy of Medicine (NAM), established in 1970 under the name Institute of Medicine (IOM), is an independent organization of eminent professionals from diverse fields including health and medicine; the natural, social, and behavioral sciences; and beyond. With the authority of the 1863 Congressional Charter of the National Academy of Sciences, requested and signed by President Abraham Lincoln, the NAM serves alongside the National Academy of Sciences and the National Academy of Engineering as adviser to the nation and the international community. The NAM's mission is to advance science, inform policy, and catalyze action to achieve human health, equity, and well-being.
About the Position The Director of Finance at the National Academy of Medicine (NAM) provides strategic financial leadership, overseeing all budgeting, financial planning, and management activities. Reporting directly to the Executive Officer, the Director ensures the efficient and effective operation of NAM's financial functions, aligning them with the organization's long-term objectives. This role involves direct supervision of finance staff, coordination with program and administrative units, and maintaining compliance with regulatory and organizational policies. The Director plays a key role in guiding the financial strategy and supporting the financial integrity of NAM through innovative problem-solving and strategic resource allocation.
ESSENTIAL JOB DUTIES: Financial Leadership and Strategy : Provides comprehensive financial leadership at the National Academy of Medicine (NAM). Develops and implements the NAM's financial strategy, which is crucial for long-term planning and sustainability. Establish and oversee the budgeting process, ensuring that resources are allocated efficiently and aligned with the organization's strategic goals. Financial Management and Analysis : Oversees the day-to-day financial management activities, including preparing financial projections, authorizing expenditures, and allocating discretionary income. Ensures that all financial reports are accurate, timely, and meet the needs of NAM's senior leadership and unit directors. Supervision of Finance Staff : Leading and managing the finance team at NAM ensuring that their activities are well-coordinated with those of program and administrative teams. Proposal and Grant Management : Manages the financial aspects of proposals, contracts, and grants. Oversees both pre-award and post-award activities, ensuring that proposals submitted to sponsors are financially sound and compliant with organizational policies. Investment Management : Responsible for overseeing NAM's investment activities, which include managing both long-term/endowed funds and short-term investments. Compliance and Continuous Improvement : Ensures that NAM's financial management adheres to standardized processes and procedures. NONESSENTIAL JOB DUTIES Related duties and special projects as assigned. JOB SPECIFICATIONS Required Knowledge, Skills, and Abilities:
Extensive knowledge of accounting and financial management principles, federal regulations, and OMB Circulars. Comprehensive knowledge of spreadsheet, forecasting, and other computer-based financial tools, with advanced skills in Microsoft Excel. Minimum Education/Training Requirements:
Bachelor's Degree in Accounting, Business Administration, Finance, or related field, or equivalent knowledge. Minimum Experience:
Eight years of related professional experience, three of which were in a supervisory capacity. Preferred Education:
Master's in Business Administration. Compensation Range:
The National Academies of Sciences, Engineering, and Medicine support equity, fairness, and transparency in our compensation programs. An estimated compensation range for this position is $101,130 - $158,015. Work Environment:
Hybrid Office/Telecommute environment, expected onsite percentage 60%, with occasional travel between National Academies' facilities and to off-site meeting/sponsor locations. The National Academies' Statement on Diversity and Inclusion:
We, the National Academies of Sciences, Engineering, and Medicine (the National Academies), value diversity among our staff, members, volunteers, partners, vendors, and audiences. Equal Opportunity Employer:
It is the policy of the National Academies to recruit, hire, transfer, compensate, and promote people in all job categories and to administer all other personnel actions, terms and conditions of employment in a manner that is consistent with equal employment.
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About the National Academy of Medicine (NAM) The National Academy of Medicine (NAM), established in 1970 under the name Institute of Medicine (IOM), is an independent organization of eminent professionals from diverse fields including health and medicine; the natural, social, and behavioral sciences; and beyond. With the authority of the 1863 Congressional Charter of the National Academy of Sciences, requested and signed by President Abraham Lincoln, the NAM serves alongside the National Academy of Sciences and the National Academy of Engineering as adviser to the nation and the international community. The NAM's mission is to advance science, inform policy, and catalyze action to achieve human health, equity, and well-being.
About the Position The Director of Finance at the National Academy of Medicine (NAM) provides strategic financial leadership, overseeing all budgeting, financial planning, and management activities. Reporting directly to the Executive Officer, the Director ensures the efficient and effective operation of NAM's financial functions, aligning them with the organization's long-term objectives. This role involves direct supervision of finance staff, coordination with program and administrative units, and maintaining compliance with regulatory and organizational policies. The Director plays a key role in guiding the financial strategy and supporting the financial integrity of NAM through innovative problem-solving and strategic resource allocation.
ESSENTIAL JOB DUTIES: Financial Leadership and Strategy : Provides comprehensive financial leadership at the National Academy of Medicine (NAM). Develops and implements the NAM's financial strategy, which is crucial for long-term planning and sustainability. Establish and oversee the budgeting process, ensuring that resources are allocated efficiently and aligned with the organization's strategic goals. Financial Management and Analysis : Oversees the day-to-day financial management activities, including preparing financial projections, authorizing expenditures, and allocating discretionary income. Ensures that all financial reports are accurate, timely, and meet the needs of NAM's senior leadership and unit directors. Supervision of Finance Staff : Leading and managing the finance team at NAM ensuring that their activities are well-coordinated with those of program and administrative teams. Proposal and Grant Management : Manages the financial aspects of proposals, contracts, and grants. Oversees both pre-award and post-award activities, ensuring that proposals submitted to sponsors are financially sound and compliant with organizational policies. Investment Management : Responsible for overseeing NAM's investment activities, which include managing both long-term/endowed funds and short-term investments. Compliance and Continuous Improvement : Ensures that NAM's financial management adheres to standardized processes and procedures. NONESSENTIAL JOB DUTIES Related duties and special projects as assigned. JOB SPECIFICATIONS Required Knowledge, Skills, and Abilities:
Extensive knowledge of accounting and financial management principles, federal regulations, and OMB Circulars. Comprehensive knowledge of spreadsheet, forecasting, and other computer-based financial tools, with advanced skills in Microsoft Excel. Minimum Education/Training Requirements:
Bachelor's Degree in Accounting, Business Administration, Finance, or related field, or equivalent knowledge. Minimum Experience:
Eight years of related professional experience, three of which were in a supervisory capacity. Preferred Education:
Master's in Business Administration. Compensation Range:
The National Academies of Sciences, Engineering, and Medicine support equity, fairness, and transparency in our compensation programs. An estimated compensation range for this position is $101,130 - $158,015. Work Environment:
Hybrid Office/Telecommute environment, expected onsite percentage 60%, with occasional travel between National Academies' facilities and to off-site meeting/sponsor locations. The National Academies' Statement on Diversity and Inclusion:
We, the National Academies of Sciences, Engineering, and Medicine (the National Academies), value diversity among our staff, members, volunteers, partners, vendors, and audiences. Equal Opportunity Employer:
It is the policy of the National Academies to recruit, hire, transfer, compensate, and promote people in all job categories and to administer all other personnel actions, terms and conditions of employment in a manner that is consistent with equal employment.
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