Job Description Summary
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About The National Academy Of Medicine (NAM)
The National Academy of Medicine (NAM), established in 1970 under the name Institute of Medicine (IOM), is an independent organization of eminent professionals from diverse fields including health and medicine; the natural, social, and behavioral sciences; and beyond. With the authority of the 1863 Congressional Charter of the National Academy of Sciences, requested and signed by President Abraham Lincoln, the NAM serves alongside the National Academy of Sciences and the National Academy of Engineering as adviser to the nation and the international community. The NAM’s mission is to advance science, inform policy, and catalyze action to achieve human health, equity, and well-being.
About The Position
The Director of Finance at the National Academy of Medicine (NAM) provides strategic financial leadership, overseeing all budgeting, financial planning, and management activities. Reporting directly to the Executive Officer, the Director ensures the efficient and effective operation of NAM’s financial functions, aligning them with the organization's long-term objectives. This role involves direct supervision of finance staff, coordination with program and administrative units, and maintaining compliance with regulatory and organizational policies. The Director plays a key role in guiding the financial strategy and supporting the financial integrity of NAM through innovative problem-solving and strategic resource allocation.
The Director of Finance is responsible for managing the full range of financial operations within NAM, including budget development and monitoring—at the organizational and individual activity levels—financial analysis, investment management, and compliance. This position ensures close coordination between the finance team and program leaders to maintain alignment with organizational goals, including close liaison with counterpart financial leadership in collaborative projects and implementation of organization-wide financial policies and practices.
The Director will lead the preparation and monitoring of the NAM operating budget, oversee the preparation of financial reports for senior leadership and the NAM Council, and manage the financial aspects of proposals, contracts, and grants. Additionally, the role includes supervision and development of finance staff, ensuring adherence to established financial procedures, and acting as the primary liaison with the Office of the Chief Financial Officer for the National Academies and other key stakeholders. The Director will also oversee NAM’s investment activities, manage financial audits, and maintain high standards of confidentiality in handling sensitive financial information.
Job Description
ESSENTIAL JOB DUTIES:
• Financial Leadership and Strategy: Provides comprehensive financial leadership at the National Academy of Medicine (NAM). Develops and implements the NAM’s financial strategy, which is crucial for long-term planning and sustainability. Establish and oversee the budgeting process, ensuring that resources are allocated efficiently and aligned with the organization's strategic goals. Requires a deep understanding of NAM’s mission and the ability to forecast future financial needs accurately. Responsible for making critical financial decisions that impact the overall direction of NAM, ensuring that all financial activities support the organization’s objectives and maintaining NAM’s financial health and integrity.
• Financial Management and Analysis: Oversees the day-to-day financial management activities, including preparing financial projections, authorizing expenditures, and allocating discretionary income. Ensures that all financial reports are accurate, timely, and meet the needs of NAM’s senior leadership and unit directors. Analyzes financial data to provide insights and recommendations that support decision-making at the highest levels of the organization. Ensures that all financial activities adhere to auditing requirements, contractual obligations, and budgetary limitations, including specialized areas such as the NAM President’s travel reimbursements and executive compensation. Provides robust financial analysis and management and ensures NAM operates within its means while achieving its strategic objectives.
• Supervision of Finance Staff: Leading and managing the finance team at NAM ensuring that their activities are well-coordinated with those of program and administrative teams. Fosters a collaborative work environment where communication and teamwork are prioritized. Assists in the development of skills that are essential for the finance team by ensuring that staff are adequately trained for their current roles and encourages their professional development for future responsibilities. Sets a tone of excellence and provides the necessary support and guidance. Responsible for building a high-performing finance team that
Location: Washington, DC
Posted: Oct. 16, 2024, 6:29 a.m.
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