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General information

Location
Cambridge, MA
Ref #
41188
Job Family
Finance
Workplace
Hybrid
Date published
24-Oct-2024
Time Type
Full time

Description & Requirements

The Controller’s Office is seeking a highly motivated and dependable full time Senior Accountant to assist with accounting and reporting functions primarily focused on the Institute’s investment (endowment) portfolio. A successful candidate will possess a proficient knowledge of accounting fundamentals, be highly organized, detail oriented and able to work collaboratively in a fast-paced, dynamic environment. Past exposure to working with investments as it pertains to the not-for-profit industry would be a plus, but is not required.

In this role, you will also be responsible for the Institute’s annual tax filings, such as the federal Form 990 and 990-T. Knowledge of tax compliance including experience preparing company tax returns is a desired skill. You will also make recommendations for improvements and efficiencies in processes and internal controls as well as have an opportunity to develop and grow your career over time.

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:

Accounting/Investments:
  • Prepares journal entries for all investment transactions (contributions/distributions, gain/loss earnings, and transfers) and maintains roll forward schedules to track monthly investment activity of the Institute’s $1B endowment portfolio.
  • Responsible for calculating the net asset value of the Institute’s endowment portfolio using a unitized methodology, including investments of the Institute’s supporting organization.
  • Ensures timely transfer of cash to investment managers as new endowment contributions are received, including any earned interest. Demonstrates understanding and application of the Institute’s endowment spending policy.
  • Calculates and ensures accuracy of historical investment returns across the Institute’s endowment portfolio on an ongoing basis.
  • Lead preparer of investment information, analytics and reports presented to the Finance and Investment Committees in advance of quarterly Board of Directors meetings. Works collaboratively with the Accounting Manager to prepare materials and prioritize responsibilities to ensure investment deliverables are completed timely.
  • Prepares journal entries and maintains roll forward schedules for marketable securities held by the Institute from IPO through liquidation.
  • Contributes to the development of process improvements surrounding investment accounting, including the implementation of investment software.
  • Participates in key areas of the monthly financial close process relevant to investments, such as preparation of journal entries and reconciliation of accounts to ensure timely and accurate reporting on the general ledger.
  • Assist with financial statement preparation and tie out as it relates to investments, such as flux analysis and cash flows.
  • Opportunity to collaborate with teams across Finance, Enterprise Systems and leadership to conduct daily business operations and implement cross-functional process improvements.
  • Provides support for the fiscal year-end audit and other duties as assigned.

Tax Compliance:
  • Plays a major role in planning, preparation and review of the Institute’s Form 990 and 990-T, including unrelated business income tax returns for 20+ states, in accordance with current tax laws and regulations.
  • Collaborate with teams across the organization to compile, analyze and review detailed financial transactions for underlying tax schedules and leverage the financial system to generate information accurately and efficiently.
  • Ensures required tax payments are made to regulatory agencies timely, and keeps detailed records for monitoring and reporting purposes.
  • Reviews, researches and resolves tax notices from regulatory agencies related to annual tax filings. Responsible for organizing and maintaining historical records.
  • Conducts research for tax issues as necessary and summarizes findings to management.
  • Acts as a key liaison between the Institute and tax consultants during 990 planning and preparation.

MINIMUM QUALIFICATIONS:
  • Bachelor’s Degree in Accounting/Finance or related field.
  • At least 3 years of public accounting and/or private industry experience, preferably in a not-for-profit organization. Experience with investment/fund or endowment accounting in a not for profit or related industry is a plus.
  • Experience with tax compliance; not for profit industry preferred.
  • Experience with major enterprise-system software packages is a plus (SAP/Oracle)
  • Proficient at Microsoft Excel skills (v-lookup, pivot tables etc.) and Google apps.
  • Excellent organizational skills and strong attention to detail.
  • Works independently with minimal supervision.
  • Strong time management skills; ability to manage multiple priorities in a deadline-driven environment.
  • Enjoys working in a fast-paced and challenging environment, and with all levels of institute personnel.