Job Description

ABOUT CRITICAL PATH INSTITUTE (C-PATH)

Critical Path Institute (C-Path) is a nonprofit engaged in the creation of partnerships and innovative processes that improve human health by reducing the time, cost, and risk in developing and approving new therapies. For twenty years, we have partnered with industry and academic experts to advance technologies across the spectrum of medical product development from research to regulatory approval. As a leading nonprofit organization dedicated to fostering collaboration and promoting data sharing in the precompetitive space, C-Path has been at the forefront of numerous advances designed to get new treatments to patients quicker. Our continuing success is made possible by a combination of public and private support from those who share our vision to accelerate a path to a healthier world

POSITION

The Controller will direct and oversee the day-to-day accounting operations for Critical Path Institute's US and foreign operations. This position is responsible for accounting oversight, including overseeing and providing finance and accounting support by performing specialized accounting tasks, both routine and non-routine, using Financial, Budgeting, and General Ledger software. This role will liaise with Management and Program employees as well as Operations departments, including but not limited to IT, Legal, and Administration. This role provides recommendations to management on opportunities to streamline the use of financial data within the organization. This position will mesh mastery of the development of complex computer systems with expertise in financial reporting and analysis and will assist the Staff Accountant II and the CFO in preparing financial reports and summaries, and in developing annual and interim financial budgets and forecasts.

This position will report to the Chief Financial Officer (CFO) and will be responsible to the COO, Executive Team, Audit and Finance Committee, and the Board for all financial systems and reports.

SUPERVISORY RESPONSIBILITIES

Manage the routine supervision on a day-to-day basis of the other Finance team personnel. Assist the CFO in the development of Finance department personnel, including training, delegation, and supervision of day-to-day accounting and finance tasks within the department.

CORE DUTIES/RESPONSIBILITIES

• Oversee the month-end, quarter-end, and year-end close of books, including reconciliation of General Ledger accounts
• Oversee Accounts Receivable, including tracking, reconciling, and resolving outstanding receivables,
• supervise the generation and distribution of invoices and the receipt of payments
• Calculate Indirect Costs and oversee the drawdown of Federal funds
• Ensure deposits are made timely and appropriate records are maintained
• Oversee and review semi-monthly payroll processes
• Monitor the financial well-being of the organization by providing financial projections and accounting services
• Extrapolate the implications of current trends and operating results to recommend adjustments as appropriate
• Serve as a sounding board for the CFO and COO in financial matters, optimizing decision-making
• Plan financial operational strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; and developing action plans in partnership with the (-Suite and Executive team members
• Recommend changes and ideas to the CFO, C-Suite, Executive Team, and Board of Directors regarding programs, policies, and processes, and assist in their implementation

Working with the CFO, this role will:

• Coordinate the annual and semi-annual budgeting process for the organization
• Assure proper financial controls are in place and operational, and financial oversight is implemented for grants, contracts, and other key agreements in the organization by capitalizing on knowledge of financial systems and accounting requirements
• Monitor organizational cost effectiveness and provide recommendations for optimization, especially in the areas of cost containment, increased automation through deployment of robust processes and applications in the organization, and managing human resources within the Finance team
• Develop, direct, and provide financial analysis of the organization by evaluating trends, studying revenue opportunities, establishing critical measurements, accumulating resources, and resolving problems.
• Administer, manage, and direct fiscal planning and reporting of the organization to include all accounting transactions in the general ledger, accounts payable and receivable, payroll functions, cash flow management, and financial reporting and forecasting
• Monitor financial performance and assess the organization's liabilities and investments for financial risk, and determine investment strategies by considering cash and liquidity risks and the Investment Policies of the organization

REQUIRED KNOWLEDGE, SKILLS AND ABILITIES

• Detailed knowledge of Generally Accepted Accounting Principles (GAAP)
• Proficient in complex financial reporting and oversight including overseeing consolidation of financial statements where operating subsidiaries exist in foreign countries
• Grant management and accounting expertise
• Accountability for federal funds and grantor funds
• Ability to effectively present information to management and other stakeholders
• Proficient in database and accounting computer application systems (ERPs and ancillary applications, travel & expense systems, etc.)
• Excellent customer service skills and ability to build internal and external relationships
• Good problem-solving skills and ability to work independently
• Ability to navigate ambiguity in a fast paced and dynamic environment
• Excellent analytical, organizational, and time management skills
• Excellent written and verbal communication skills

REQUIRED EDUCATION & EXPERIENCE

• Bachelor's degree in accounting, Finance, or similar field. Master's degree in nonprofit management, business administration, accounting or finance, preferred
• Certified Public Accountant or equivalent, preferred
• Five or more years' experience in financial reporting and understanding of nonprofit accounting
• Two or more years of increasing responsibility for the development of financial and accounting systems in a nonprofit environment
• Experience in nonprofit organizations, preferred
• Experience in strategic financial forecasting and Board experience, preferred

The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this description amended at any time.

Reasonable Accommodation:

C-Path complies with federal and state disability laws and makes reasonable accommodation for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact C-Path HR department.