Assistant Controller

Where Purpose Meets Progress

At the Minneapolis Heart Institute Foundation (MHIF), your expertise strengthens the financial health of an organization dedicated to groundbreaking research, patient-centered care, and education. As Assistant Controller, you’ll play a vital role in ensuring accuracy, accountability, and insight in financial operations—helping power a mission that advances knowledge, supports patients, and ultimately saves lives.

Position Summary

The Assistant Controller at the Minneapolis Heart Institute Foundation (MHIF) is responsible for overseeing the financial management and operational processes of the accounting function within the organization. Reporting to the Chief Financial Officer (CFO ) this position plays a central role in ensuring fiscal stability, compliance, and support for the organization’s mission and larger enterprise goals.

In close partnership with the CFO, the Assistant Controller provides essential support to MHIF by overseeing daily accounting operations, strengthening internal controls, and ensuring accurate and compliant financial reporting. Core responsibilities include managing the general ledger, supervising reconciliations and journal entries, assisting with the month-end and year-end close, preparing financial statements, and aiding with budgeting, forecasting, and audits—ensuring financial processes meet established standards and regulatory requirements. The Assistant Controller helps coordinate cross-departmental financial activities, and drives improvements in financial systems to safeguard MHIF’s assets and maintain operational integrity in alignment with MHIF’s mission and strategic priorities.

Key Responsibilities may include:

• Oversee and execute on financial operations including monthly journal entries, management reports, daily deposits, and revenue recognition.
• Partner with CFO and department leaders in preparation of budgets, contracts, grants and other program related activities
• Collaborate with Finance and Accounting team to maintain accurate financial records, prepare and analyze financial statements (e.g., income statements, balance sheets, cash flow statements), and generate regular reports for internal and external stakeholders.
• Ensure compliance with Generally Accepted Accounting Principles (GAAP), nonprofit accounting standards, and tax regulations.
• Coordinate and facilitate annual audits and tax filings (990), ensuring all documentation is complete and addressing any audit findings.
• Oversee financial aspects of grant applications, monitor grant budgets and expenditures, and ensure compliance with donor requirements.
• Analyze financial data to provide strategic insights, identify trends, and recommend operational or financial improvements.
• Support continuous improvement by developing, automating, and implementing systems, policies, procedures, and internal controls to enhance efficiency and ensure compliance.
• Communicate financial information clearly to board members, executives, donors, and regulatory authorities, supporting transparency and accountability.
• Work collaboratively with all employees as part of a positive, supportive culture

Core Values in Action

At MHIF, our values aren’t just words – they guide how we lead and work together:

• Integrity: Do the right thing, even when it’s hard. Operate ethically and transparently.
• Innovation: Ask bold questions. Be proactive and curious in improving how we work.
• Collaboration: Support one another, build trust, and celebrate success as one team.
• Excellence: Own your work. Be accountable. Bring urgency and resilience to solving problems.

What Sets You Apart

Required

• Bachelor’s degree in business or accounting.
• Seven years of progressive experience in accounting, including accounts payable, accounts receivable, budgeting and financial reporting.
• Strong understanding of GAAP within a not-for-profit environment.
• Proficient in Microsoft Office Excel and Word.
• Experience with accounting software.
• Excellent verbal, written and interpersonal communication skills, with the ability to work with others as a team and in support of a positive work culture.

Preferred

• Certified Public Accountant (CPA) or Certified Management Accountant (CMA) designation.
• Experience using Microsoft Dynamics and Active Reporter.

Total Rewards

In addition to meaningful, mission-driven work, MHIF offers:

• Competitive salary: $125,000-$135,000
• Comprehensive benefits including: Medical, dental, and vision insurance
• Life, short- and long-term disability
• Employer HSA contribution
• 401(k) with employer match and contribution
• Generous PTO, paid holidays, and parental leave
• Tuition reimbursement and paid volunteer time

Why Join MHIF?

“Small team. Global impact.”

Here, your work has purpose. Your voice is heard. Your career can grow. We are driven by discovery and grounded in compassion—and we’re looking for someone who brings both heart and expertise to the table.

Ready to do work that matters?