Director Research Finance Tufts Medical Center

Tufts Medical Center is a world-renowned academic medical center that has been providing exceptional care across New England for over two centuries. Our clinicians are dedicated to delivering innovative, patient-centered care every day, from our primary care to our Level I Trauma Center to our leading heart transplant program and over 100 specialties and services. We are also the principal teaching hospital for Tufts University School of Medicine and a leading research institution that conducts game-changing medical and health policy research. 

Position is hybrid with onsite at Tufts Medical Center in Boston, MA

Job Overview

This position responsible for the direction and coordination of research and other special funds financial operations, cost analysis, reimbursement, planning, regulatory compliance, and administration functions. Responsible for hospital restricted and unrestricted net assets such as grants & contracts, permanently and temporarily restricted funds, sundry and gift funds; as well as research business and operations and other hospital funded research program commitments.  This position is an integral part of the Research Administration team and works collaboratively with the Chief Academic Officer and the Vice President of Research Administration to ensure proper fiscal management of hospital grant and contracts and special funds in all key areas.  A key member of the Tufts Medicine corporate accounting team and works collaboratively with staff for proper financial statement reporting and cost accounting of hospital’s research and special funds activities.

Job Description

Minimum Qualifications:

1. Bachelor’s degree in accounting or related field.

2. Ten (10) years of progressively responsible research finance experience, including five (5) years of management experience.

Preferred Qualifications:

1. Master’s degree in related field.

2. Experience in an Academic Medical Center, medical school, or integrated health system.

Duties and Responsibilities: The duties and responsibilities listed below are intended to describe the general nature of work and are not intended to be an all-inclusive list.  Other duties and responsibilities may be assigned.

1. Directs the fiscal requirements for grants & contracts, sundry and permanently and temporarily restricted funds, and research business & operations management activities, including hospital research consolidated budgeting and reporting, financial reporting to all federal and private foundations, accounts receivable/cash management, management accounting, implementation of internal controls, reporting systems review and maintenance, management of donor imposed restrictions, and audit coordination.

2. Directs various personnel functions including, but not limited to, performance management, operational issues, problem resolution, compliance, time management, and customer service.

3. Provides monthly/year end consolidated financial reporting of grants, contracts and special funds for the hospital consolidated financial statements. Provide monthly executive-level financial analyses to allow for strategic planning and tracking of key financial performance indicators for the research product-line, including but not limited to, the research profit and loss statement, and both space density and indirect recovery analysis.

4. Directs the proposal preparation and negotiates the Tufts-MC facilities & administrative cost and fringe benefit rates with our cognizant federal agency, the DHHS Division of Cost Allocation.

5. Develops, organizes, completes, and provides on-going variance analysis for research and special funds annual budget in collaboration with executive management and the Vice President of Research Administration.

6. Responsible for the maintenance and data integrity of the research and special funds ledger, sub-ledger, and data bases, and other system functionality as well as all associated processes and internal controls.

7. Directs the completion of annually required financial reports to different funding sources, including federal and state agencies, to ensure continuation and renewals of grant and contract awards.

8. Serves as the chief regulatory fiscal specialist to all researchers, research administrators, and management related to federal grants and contracts.

9. Develops research accounting policies and procedures for internal control and compliance with federal requirements in all financial aspects of grants and contracts. Implements new research accounting policies and trains internal stakeholders as required.

10. Works with both internal and external auditors/stakeholders to coordinate the annual OMB Uniform Grant Guidance (UGG) audit, Uniform Financial Report (UFR), Federal Emergency Management Agenc