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Chief Financial Officer, Duke Clinical Research Institute

Employer
Duke Clinical Research Institute
Location
Durham, North Carolina
Salary
Salary is factored on Education, Skills, Experience. Excellent Benefits
Date posted
Apr 25, 2023

The Duke Clinical Research Institute (DCRI), part of the Duke University School of Medicine, is the world’s largest academic clinical research organization. We conduct innovative research to deliver on our mission to share knowledge that improves health around the world. DCRI projects are led by physician scientists whose grounding in patient care helps to inform their research, and supported by staff who have deep expertise in operationalizing global studies.  DCRI has an exciting opportunity for Chief Financial Officer.

 

The Chief Financial Officer (CFO) will have primary responsibility for planning, implementing, and managing financial, contracting and sponsored projects related activities at the DCRI (Duke Clinical Research Institute) 

 

** NOTE: This position may have an opportunity to work remotely some of the time. Some time on site will be required.  All Duke University and Duke Health remote workers must reside in one of the following states or districts:  Arizona; California; Florida; Georgia; Hawaii; Illinois; Maryland; Massachusetts; Montana; New Jersey; New York; North Carolina; Pennsylvania; South Carolina; Tennessee; Texas; Virginia or Washington, DC.

 

 

Essential Functions:

 

Financial Management:

Participate as an active member of the DCRI Executive Team to assist in defining overall strategic goals for the organization.

 

Oversee administrative and fiscal programmatic compliance of all government, foundation and industry sponsored projects with institutional policies and procedures, as well as regulatory requirements and guidelines.

 

Serve as member of Business Continuity Planning Core Group.

 

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 DCRI’s annual operating and capital budgets including the presentation and defense of the budget at the annual budget review meeting with SOM Administration.

 

Serve as the School of Medicine’s designated Business Manager ensuring that the SOM Administration is kept abreast of trends in the DCRI’s financial position and the clinical research industry.

 

Ensure the transparency of the DCRI’s financial activities to the SOM Administration.

 

Understand how the DCRI impacts the School (and University) financial statements and ensure that DCRI can express its financial information in the manner in which consistent financial reporting has been created within the SOM and/or University.

 

Participate in the SOM’s efforts to create a business community between departments and center financial and administrative personnel.

 

Report any difficulties in achieving the agreed-upon budget and recommends 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 key DCRI staff are      knowledgeable regarding these requirements.

 

Serve as a liaison with a variety of departments throughout Duke, including University Controller, Procurement Services, Internal Audit, Information Technology, Plant Accounting, Sponsored Projects, 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 and Head of Research Operations regarding opportunities for improvement in DCRI operations and processes.

 

Manage facilities and space allocations.

 

Participate in and provide leadership for cross-functional and organization-wide improvement efforts.

 

Active participant on the Operations Management Team.

 

 

 

Strategic Financial Analysis:

Oversee efforts to monitor and analyze financial trends in the clinical research industry (federal, non-profit and 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 clinical research 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 clinical research field related to 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 and Operations Management teams to facilitate cross-department collaboration that ensures that all solutions positively support DCRI's 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.

 

 

Skills/Experience:

In-depth knowledge of GAAP, cost accounting, government grant accounting and compliance, and sponsored projects 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.

 

Strong process improvement and technology skills.

 

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.

 

Demonstrated commitment to valuing diversity and contributing to an inclusive working environment and culture.

 

 

 

 

Minimum Qualifications

Education

Bachelor's degree in business administration, accounting, or finance or an equivalent combination of education and experience. Prefer candidates with an MBA. Qualified candidate must be a CPA or have an equivalent professional qualification (i.e., Certified Management Accountant, Chartered Accountant.)

 

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 highly preferred. 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.

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