Accounting Manager

ACCOUNTING MANAGER

The Controller's Office is seeking a highly motivated and hands-on full time Accounting Manager to lead the accounting, analysis, and reporting related to revenue (including grants, gifts, services, and other sources), endowments, and investments. The Accounting Manager will be directly responsible for ensuring the accuracy and timeliness of all financial reporting, managing compliance, and overseeing related accounting operations and process improvements in these areas. Reporting to the Controller, this individual will supervise one accounting professional. A successful candidate is an experienced and collaborative leader with strong accounting expertise who thrives in a fast-paced, dynamic environment and brings exceptional organizational and analytical skills.

This position has a hybrid work schedule, allowing for in office collaboration as well as flexibility with work from home days weekly.

WHY BROAD?

The Broad Institute is pioneering a new model of collaborative biomedical science to transform biology and medicine. To do that, we have created a unique community of amazing, creative people - "Broadies" - each with a passion for pushing scientific frontiers. Our community transcends academic and organizational barriers, encouraging different points of view and making all Broadies part of something meaningful. Our unique culture of collaboration along with the common theme of our people being deeply passionate about making a difference in the world and improving human health unite us all as Broadies.

Broad Institute is committed to meeting the most critical challenges in biology and medicine. We are dedicated to applying 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 the "hub" of cutting edge science in the Boston biomedical community.

At the Broad, we understand that the most important thing that will lead to these breakthroughs in human biology, health, and disease is our people. In joining us, you will also be able to join a community that deeply values diversity and continually strives for inclusion, which are essential to achieving our scientific mission.

You'll also be eligible for comprehensive benefits. At Broad, we care deeply about all of the people in our community and believe in the importance of supporting Broadies in all aspects of their lives. We aspire to maintain a culture that emphasizes wellness and balance through a range of benefits for you and your family members. We are committed to helping make life work by offering a range of benefits designed to support your physical, emotional, and financial well-being.

KEY RESPONSIBILITIES:

REVENUE ACCOUNTING

Lead all Controller's Office activities related to the accurate and timely accounting of revenue and its associated reporting. Responsibilities include, but are not limited to:

• Oversee all aspects of revenue recognition in accordance with GAAP (ASC 958 and 606) ensuring accuracy, completeness and compliance.

• Develop and maintain revenue accounting policies, procedures, and internal controls to enhance accuracy, efficiency, and compliance.

• Partner closely with the Office of Sponsored Research, Development, and Financial Strategy, Planning & Analysis teams to ensure accurate setup, tracking, and reporting of awards and other revenues.

• Lead Controller's Office input in cross-functional gift, grant, and other revenue-related contract reviews. Review and analyze award documents to assist in the classification of awards and to determine appropriate revenue recognition in accordance with GAAP.

• Review and approve revenue-related journal entries, ensuring timely month-end and year-end close activities.

• Maintain accurate rollforward schedules and reconciliations related to revenue, including advances and deferred revenue, contracts in progress, pledges receivable, net assets by restriction, etc.

• Responsible for identification and accurate recording of revenue-related accruals.

• Serve as the Controller's Office primary point of contact for the Development team, collaborating on financial matters related to gifts, pledges, and fundraising initiatives.

• Serve as the Controller's Office primary point of contact for the Office of Strategic Alliances and Partnering Finance team, ensuring accurate reporting of licensing, royalty, and other intellectual property-related revenues.

• Provide support for external audits, including preparation of schedules, reconciliations, and responding to auditor requests.

• Ensure cross-functional reporting alignment between OSR, Finance and Development.

• Assist with financial statement preparation and other reporting, as it relates to revenue.

• Research and respond to revenue-related inquiries.

• Support special projects, such as system enhancements and implementation of new revenue streams.

INVESTMENTS/ENDOWMENT

Lead and manage all aspects of the investments and endowment accounting and reporting processes. Responsibilities include, but are not limited to:

• Maintain roll forward schedules and reconciliations to track monthly investment activity of the Institute's $1B endowment portfolio.

• Review and approve journal entries for all investment transactions (contributions/distributions, gain/loss earnings, and transfers, etc.).

• Ensure accuracy of historical investment returns and net asset value using a unitized methodology across the Institute's endowment portfolio on an ongoing basis.

• Prepare high-quality investment reporting and related analytics, memos, and data for Senior Leadership and the Board of Directors' Finance and Investment Committees.

• Responsible for annual endowment distribution calculations and related analyses.

• Manage the timely receipt of recurring reports and ad hoc information requests from the Institute's external investment managers.

• Research and respond to endowment and investment inquiries.

• Reviews journal entries and maintains roll forward schedules for marketable securities held by the Institute from IPO through liquidation.

• Assist with financial statement preparation and tie out as it relates to investments, such as flux analysis and cash flows.

• Provide support for the fiscal year-end audit and tax return preparation as it relates to these areas.

• Act as a reliable backup for preparation of relevant journal entries and schedules.

TEAM LEADERSHIP AND DEVELOPMENT

• Set team goals, assign and distribute workflows, and conduct regular performance review for direct reports (currently one direct report).

• Foster a collaborative, supportive, and high-performance team environment, encouraging continuous improvement.

• This position requires frequent, collaborative interaction with key members of other teams within Finance and Administration as well as across the Institute.

MINIMUM QUALIFICATIONS:

• Bachelor's Degree in Accounting, Finance, or a related field.

• Minimum of 7 years of progressive public accounting and/or private industry experience, including at least 2 years in a supervisory role; nonprofit experience strongly preferred.

• Strong understanding of GAAP and financial reporting; experience with revenue recognition and fund accounting principles (ASC 606, ASC 958) as applicable to nonprofits strongly preferred.

• Experience with major enterprise-system software packages is a plus (SAP/Oracle).

• Proficiency in Microsoft Excel (v-lookup, pivot tables etc.) and Google apps.

• Strong analytical and problem-solving abilities, with demonstrated attention to detail.

• Excellent organizational skills, attention to detail, and ability to work independently, multi-task, and meet project deadlines with a high degree of accuracy and timeliness.

• Excellent leadership, communication, and interpersonal skills with the ability to explain complex financial concepts to non-financial stakeholders.