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CHIEF FINANCIAL OFFICER, DCRI
Job Title: CHIEF FINANCIAL OFFICER, DCRI
Job Code: 1489
FLSA: E
Job Level: 98
Revised Date: 08/01/2017
Job Family: JF 28
Occupational Summary
The Chief Financial Officer (CFO) will have primary responsibility for planning, implementing, and managing financial, contracting and sponsored projects related activities.
Work Performed
Essential Functions:
Operations Management Participate as an active member of the DCRI Executive Team to define overall strategic goals for the organization.
Serves on the Board of Directors for Medanta Duke Research Institute, Duke India Services Private Limited and Duke Medical Strategies. Serves as Chair of the DCRI crisis management team.
Ensure that financial results are effectively communicated to all stakeholders including DCRI faculty, senior leadership, functional group leaders, project leaders, and School of Medicine (SOM) Administration.
Provide recommendations to the Executive Director regarding all major financial decisions and oversee the implementation of financial policy decisions made by senior leadership.
Oversee the preparation of the DCRIs annual operating and capital budgets including the presentation and defense of the budget at the annual budget review meeting with SOM Administration.
Serves as the School of Medicines designated Business Manager ensuring that the SOM Administration is kept abreast of trends in the DCRIs financial position and the clinical research industry.
Ensure the transparency of the DCRIs financial activities to the SOM Administration.
Responsible for understanding how the DCRI impacts the School (and University) financial statements and ensuring that DCRI can express its financial information in the manner in which consistent financial reporting has been created within the SOM and/or University.
Responsible for the full participation of the DCRI in the SOMs efforts to create a business community between departments and center financial and administrative personnel.
Report any difficulties in achieving the agreed upon budget and recommended action steps to achieve balance to the Vice Dean for Administration and Finance on at least a quarterly basis.
Oversee the development and implementation of policies, procedures, and internal control mechanisms to ensure that the expenditure of funds and recording of transactions are in compliance with SOM and University policies and procedures as wells as General Accepted Accounting Principles.
Ensure that all DCRI staff are knowledgeable regarding these requirements.
Serve as a liaison with a variety of Duke departments including Procurement Services, Internal Audit, Plant Accounting, and Departmental Business Managers to provide appropriate coordination, consistency with SOM and University policies and procedures, and transfer of funds as needed.
Identify and make recommendations to the Executive Director regarding opportunities for improvement in DCRI operations and processes.
Participate in and provide leadership for cross functional and organization wide improvement efforts.
Strategic Financial Analysis:
Oversee efforts to monitor and analyze financial trends in the CRO industry.
Identify effective indicators of financial performance and assess the DCRI's performance compared with industry standards.
Oversee financial modeling and forecasting functions to provide an understanding of the economics of the DCRI's activities and the CRO industry, prepare long term financial projections, and assess the financial impact of various operational and strategic initiatives on the DCRI's profitability.
Keep abreast of trends in the CRO, pharmaceutical, biotechnology, and medical device industries.
Team Management
Supervise and evaluate performance of all staff reporting to this position.
Engage other members of the Executive Leadership team to facilitate cross department collaboration that ensures that all solutions positively support DCRIs evolving strategy, operational delivery, and data collection needs.
Mentor managers and/or directors, manage work allocation and the building of an effective and efficient team dynamic.
Promote an open environment, which builds trust and provides opportunities for personnel to offer suggestions, obtain clarification, and voice concerns.
Required Qualifications at this Level
Education/Training
Bachelors degree in business administration, accounting, or finance or an equivalent combination of education and experience. Prefer candidates with an MBA. CPA or equivalent professional qualification (i.e., Certified Management Accountant, Chartered Accountant) preferred.
Experience
Minimum of 15 years of progressively responsible experience in corporate accounting/finance, including a minimum of 8 years of personnel management experience. Prior experience in a biomedical research setting and significant knowledge of the CRO, pharmaceutical, medical device and biotechnology industry. Ideal candidate would have experience in both a university setting and the CRO industry.
Duke University is an Affirmative Action/Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, genetic information, gender, gender expression, gender identity, national origin, race, religion, sexual orientation, or veteran status. Essential Physical Job Functions: Certain jobs at Duke University and Duke University Health System may include essential job functions that require specific physical and/or mental abilities. Additional information and provision for requests for reasonable accommodation will be provided by each hiring department.
Skills
In depth knowledge of GAAP, cost accounting, government contract accounting, and grants administration.
Strong ability to provide strategic level input to senior leadership while delivering a hands on approach to the operations management of all finance functions.
Personal integrity.
Strong personnel management and leadership skills.
Strong organizational, planning, prioritization, negotiation, and decision making skills.
Strong analytical capabilities, including the ability to think critically and strategically about financial and business issues and to propose and implement change.
Excellent oral and written communication and interpersonal skills and the ability to influence others at all levels of the organization.
The intent of this job description is to provide a representative and level of the types of duties and responsibilities that will be required of positions given this title and shall not be construed as a declaration of the total of the specific duties and responsibilities of any particular position. Employees may be directed to perform job-related tasks other than those specifically presented in this description.
Duke University is an Affirmative Action/Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, sex, sexual orientation, or veteran status.
Duke aspires to create a community built on collaboration, innovation, creativity, and belonging. Our collective success depends on the robust exchange of ideas-an exchange that is best when the rich diversity of our perspectives, backgrounds, and experiences flourishes. To achieve this exchange, it is essential that all members of the community feel secure and welcome, that the contributions of all individuals are respected, and that all voices are heard. All members of our community have a responsibility to uphold these values.
Essential Physical Job Functions
Certain jobs at Duke University and Duke University Health System may include essential job functions that require specific physical and/or mental abilities. Additional information and provision for requests for reasonable accommodation will be provided by each hiring department.
