The Broad Institute of MIT and Harvard invites nominations and applications for the position of Senior Director, Financial Strategy, Planning and Analysis (FSP&A). Reporting to the CFO, the Senior Director FSP&A will frame the Institute’s conversations around key aspects of financial planning and analysis. The Senior Director, FSP&A will: execute planning, budgeting and forecasting in ways that support and inform Broad’s annual financial planning cycle; consider longer-term aspects of financial strategy and planning, and the key analytics, questions and metrics that will inform decisions with financial implications; establish and enhance strong partnerships with Broad’s entrepreneurial scientists, scientific operating units (science programs and technology platforms, centers/initiatives, etc.), and administrative leaders and; raise pertinent strategic questions that will help shape the Institute’s future and, in doing so, make a transformative impact on scientific discovery.
About Broad Institute
The Broad Institute is a remarkable institution - we apply 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 a worldwide hub for genomic medicine.
At Broad, we are focused on becoming an anti-racist organization. We empower our employees to raise their voices and be a part of the work to sustain an open and inclusive institution. We know that a community is strongest when all voices are heard.
Drive Excellence: Your focus is to provide meaningful guidance, resources and support to scientific and administrative leaders. You recognize that expert insights will drive the financial and business health of the Institute.
Build Bridges: Bringing people together to get things done is your forte. You are an advisor, an
educator, and a great listener. You believe that collaboration and thoughtful persuasion are powerful forces.
Promote a Culture of Communication: You excel in synthesizing complicated financial topics in
ways that are readily accessible by scientists and other audiences that do not regularly engage in financial analyses. And you develop staff that share a curiosity and passion for clear, coherent written and verbal communications.
Lead with Passion and Persistence: You thrive in an environment that promotes innovation and
constantly evolves. You set the bar high and are readily able to pick yourself up and dust yourself off when the bar isn’t met. You are authentic and want to make a difference in this world. This is Broad!
Scope of Role
You will be a critical member of the finance leadership team, reporting to the Chief Financial Officer, overseeing a staff of approximately 15 FTEs.
Provide strategic financial analysis and budgeting activities for the Institute (an annual operating budget of >$650M plus related capital spending plans).
Run the annual budget development process and related budget monitoring activities; develop budget assumptions and forecasts, prepare financially robust budget recommendations, and serve as a resource on strategic financial planning and budget-related activities.
Work closely with senior leadership, drive the development and distribution of relevant financial reporting and analysis in support of strategic and operational initiatives and business monitoring.
Lead the design and preparation of the Institute’s multi-year financial forecast, including sophisticated scenario analytics.
Oversee the development of tools as an integral activity for budget preparation, planning and analysis for the organization.
Collaborate with scientific and administrative leaders to brainstorm about new opportunities and innovations, and analyze their financial feasibility and risk.
Prepare financial reports for senior management, the Board of Directors and the Board’s Finance Committee to examine and evaluate the Institute’s financial health and trends.
Support the preparation and negotiation of the Institute’s F&A cost proposal and fringe benefit rate (working with Broad’s Director of Cost Analysis).
Oversee the development and/or review of pricing models for the Institute’s Specialized Service Facilities (SSFs), and otherwise provide financial and business partnership to Broad’s technology platforms and platform-like groups.
As part of the CFO’s leadership team, ensure compliance with Institute policy and federal grant and contract regulations; and help to ensure the Institute is adequately prepared for external and internal audits, rating agency engagements, etc.
Recommend changes in policy, practices and procedures as they relate to the budget process, overhead recovery, SSF pricing models, or other financial operations to ensure efficient operation with adequate controls.
Maintain and enhance the FSP&A team’s collaborative environment, enable the team to achieve and exceed its goals, and drive the development of bench strength to support succession planning and internal mobility/advancement.
Create and deliver training and education for relevant Institute constituencies.
BS/BA is required. Advanced degree preferred.
Minimum of ten years of progressive experience including five years in a management role, overseeing budgeting and financial planning, preferably in a nonprofit setting.
Demonstrated role in decision analysis and experience in building and using models for financial planning, tracking and forecasting.
Demonstrated executive-level standard of quality reporting and analysis, both written and verbal.
Effectively communicate and partner with a highly engaged team of scientists and administrators.
Demonstrated record of team building, with an emphasis on developing both managers and analysts.
Creative approach to solving problems.
Ability to function effectively in a complex, fast-paced multi-dimensional environment.