The Lundquist Institute
Director of Finance
The Lundquist Institute, Torrance, California, United States, 90504
ABOUT US- COMPANY INFORMATION
The Lundquist Institute for Biomedical Innovation at Harbor-UCLA Medical Center (TLI) is LosAngeles County's preeminent independent, not-for-profit biomedical research hub, excelling intransforming scientific breakthroughs into practical therapies. With a $90 million annual budget, TLIis home to over 150 investigators and 500 staff, advancing 600 projects in areas such as Infectionand Immunity, Cancer, and Women's Health. Founded in 1952, the Institute continues to trainphysician-scientists and manage healthcare programs for 60,000 underserved families throughoutSouth Los Angeles.
POSITION SUMMARY & JOB SUMMARYThe Finance Director is responsible for overseeing all financial activities within an organization,including budgeting, forecasting, financial planning, and financial reporting. They analyze financialdata, provide strategic financial guidance, and ensure compliance with financial regulations. TheFinance Director also plays a key role in developing financial strategies to support theorganization's overall goals and objectives. Additionally, they may be responsible for managing ateam of finance professionals and collaborating with other departments to drive financialperformance and growth.
DUTIES AND RESPONSIBILITIESSupervise and mentor two staff in AR (Staff Accountant and AR Specialist).Manage month end close process including working with the team to develop a month end close plan.Develop and maintain an AR aging for all systems used and work with staff to monitor for collection.Prepare cash reports for senior management and projections.Prepare monthly financials for senior management.Assist in process documentation.Work with external auditors to ensure correct and timely closing and reporting at year-end.Perform ad hoc analysis and projects as assigned.Develop, document, and maintain written procedures for general accounting.Monitor and ensure timely payment of debt service and leases.Monitor compliance with debt covenants and reporting requirements.Maintain and review balance sheet reconciliations and schedules.Monitor and review the general ledger for proper recording of revenue recognition methods.Develop and implement processes to ensure revenue recognition practices are streamlined movingforward and in the new ERP system.Collaborate with other departments to support cross-functional initiatives and projects.Review and improve financial processes and systems to enhance efficiency and effectiveness.
EDUCATIONRequired education includes a bachelor's degree in finance, accounting, economics, businessadministration, or a related field. Preferred education includes master's degree in finance, businessadministration, or a related field.In addition to formal education, Finance Directors often need to have relevant workexperience in finance or accounting roles, as well as strong analytical and problem-solvingskills. Professional certifications such as Certified Public Accountant (CPA), CharteredFinancial Analyst (CFA), or Certified Management Accountant (CMA) may also be required orpreferred for some positions.Overall, a combination of education, experience, and professional certifications can helpprepare individuals for a successful career as a Finance Director.
QUALIFICATIONS5 - 10 years of experience in finance or accounting, with at least some experience in a leadership ormanagement role.Strong analytical and problem-solving skills.Excellent communication and interpersonal skills, as the finance director will need to interact withvarious stakeholders and departments.Knowledge of financial regulations and compliance requirements.Proficiency in financial software and systems.Strategic thinking and the ability to make data-driven decisions.Strong leadership and mentoring skills to manage a team of finance professionals.Ability to work under pressure and meet tight deadlines.A track record of successfully managing budgets and financial operations.
CERTIFICATIONSPreferred CertificationsChartered Financial Analyst (CFA)Certified Management Accountant (CMA)Certified Financial Planner (CFP)
ESSENTIAL FUNCTIONSFinancial Planning and Analysis: Develop and implement comprehensive financial plans, budgets, andforecasts to support the organization's strategic goals and objectives.Financial Reporting: Prepare and present accurate and timely financial reports to senior management,board of directors, and stakeholders.Cash Management: Monitor and manage the organization's cash flow to ensure liquidity and financialstability.Risk Management: Identify, assess, and mitigate financial risks, such as market, credit, and operationalrisks.Compliance: Ensure compliance with all financial regulations, laws, and standards, including tax lawsand financial reporting requirements.Strategic Financial Decision Making: Provide financial guidance and support to senior management inmaking strategic business decisions.Financial Controls: Establish and maintain effective financial controls to safeguard the organization'sassets and prevent fraud or financial mismanagement.Stakeholder Relations: Build and maintain strong relationships with investors, lenders, auditors, andother external stakeholders.Team Leadership: Lead and mentor a team of finance professionals to ensure they are motivated,engaged, and performing at a high level.Continuous Improvement: Continuously evaluate and improve financial processes, systems, andprocedures to enhance efficiency and effectiveness.
PHYSICAL DEMANDSAnalyzing financial data and reports - 25%Creating and presenting financial forecasts and budgets - 20%Overseeing financial transactions and accounts - 15%Developing financial strategies and goals - 15%Managing financial risk and compliance - 10%Collaborating with other departments and stakeholders - 10%Leading and supervising finance teams - 5%
Salary: $142,900-$162,700/yr.
The Lundquist Institute for Biomedical Innovation at Harbor-UCLA Medical Center (TLI) is LosAngeles County's preeminent independent, not-for-profit biomedical research hub, excelling intransforming scientific breakthroughs into practical therapies. With a $90 million annual budget, TLIis home to over 150 investigators and 500 staff, advancing 600 projects in areas such as Infectionand Immunity, Cancer, and Women's Health. Founded in 1952, the Institute continues to trainphysician-scientists and manage healthcare programs for 60,000 underserved families throughoutSouth Los Angeles.
POSITION SUMMARY & JOB SUMMARYThe Finance Director is responsible for overseeing all financial activities within an organization,including budgeting, forecasting, financial planning, and financial reporting. They analyze financialdata, provide strategic financial guidance, and ensure compliance with financial regulations. TheFinance Director also plays a key role in developing financial strategies to support theorganization's overall goals and objectives. Additionally, they may be responsible for managing ateam of finance professionals and collaborating with other departments to drive financialperformance and growth.
DUTIES AND RESPONSIBILITIESSupervise and mentor two staff in AR (Staff Accountant and AR Specialist).Manage month end close process including working with the team to develop a month end close plan.Develop and maintain an AR aging for all systems used and work with staff to monitor for collection.Prepare cash reports for senior management and projections.Prepare monthly financials for senior management.Assist in process documentation.Work with external auditors to ensure correct and timely closing and reporting at year-end.Perform ad hoc analysis and projects as assigned.Develop, document, and maintain written procedures for general accounting.Monitor and ensure timely payment of debt service and leases.Monitor compliance with debt covenants and reporting requirements.Maintain and review balance sheet reconciliations and schedules.Monitor and review the general ledger for proper recording of revenue recognition methods.Develop and implement processes to ensure revenue recognition practices are streamlined movingforward and in the new ERP system.Collaborate with other departments to support cross-functional initiatives and projects.Review and improve financial processes and systems to enhance efficiency and effectiveness.
EDUCATIONRequired education includes a bachelor's degree in finance, accounting, economics, businessadministration, or a related field. Preferred education includes master's degree in finance, businessadministration, or a related field.In addition to formal education, Finance Directors often need to have relevant workexperience in finance or accounting roles, as well as strong analytical and problem-solvingskills. Professional certifications such as Certified Public Accountant (CPA), CharteredFinancial Analyst (CFA), or Certified Management Accountant (CMA) may also be required orpreferred for some positions.Overall, a combination of education, experience, and professional certifications can helpprepare individuals for a successful career as a Finance Director.
QUALIFICATIONS5 - 10 years of experience in finance or accounting, with at least some experience in a leadership ormanagement role.Strong analytical and problem-solving skills.Excellent communication and interpersonal skills, as the finance director will need to interact withvarious stakeholders and departments.Knowledge of financial regulations and compliance requirements.Proficiency in financial software and systems.Strategic thinking and the ability to make data-driven decisions.Strong leadership and mentoring skills to manage a team of finance professionals.Ability to work under pressure and meet tight deadlines.A track record of successfully managing budgets and financial operations.
CERTIFICATIONSPreferred CertificationsChartered Financial Analyst (CFA)Certified Management Accountant (CMA)Certified Financial Planner (CFP)
ESSENTIAL FUNCTIONSFinancial Planning and Analysis: Develop and implement comprehensive financial plans, budgets, andforecasts to support the organization's strategic goals and objectives.Financial Reporting: Prepare and present accurate and timely financial reports to senior management,board of directors, and stakeholders.Cash Management: Monitor and manage the organization's cash flow to ensure liquidity and financialstability.Risk Management: Identify, assess, and mitigate financial risks, such as market, credit, and operationalrisks.Compliance: Ensure compliance with all financial regulations, laws, and standards, including tax lawsand financial reporting requirements.Strategic Financial Decision Making: Provide financial guidance and support to senior management inmaking strategic business decisions.Financial Controls: Establish and maintain effective financial controls to safeguard the organization'sassets and prevent fraud or financial mismanagement.Stakeholder Relations: Build and maintain strong relationships with investors, lenders, auditors, andother external stakeholders.Team Leadership: Lead and mentor a team of finance professionals to ensure they are motivated,engaged, and performing at a high level.Continuous Improvement: Continuously evaluate and improve financial processes, systems, andprocedures to enhance efficiency and effectiveness.
PHYSICAL DEMANDSAnalyzing financial data and reports - 25%Creating and presenting financial forecasts and budgets - 20%Overseeing financial transactions and accounts - 15%Developing financial strategies and goals - 15%Managing financial risk and compliance - 10%Collaborating with other departments and stakeholders - 10%Leading and supervising finance teams - 5%
Salary: $142,900-$162,700/yr.