Chief Financial Officer
: Job Details :

Breakthrough T1D is determined to cure type 1 diabetes (T1D), a disease that afflicts over a million Americans today, with the possibility to increase to an expected five million by 2050, with many millions more affected globally. Since its founding, Breakthrough T1D has raised or directed nearly $5 billion to support the best researchers doing the most promising, cutting-edge science to cure, prevent and treat T1D. Breakthrough T1D is additionally committed to aggressively raising awareness about T1D and supporting the T1D community. Breakthrough T1D drives innovation, demands action, and stands with everyone facing life with type 1 diabetes.

Scope and Responsibilities

The Chief Financial Officer (CFO) is an executive-level position reporting to the Chief Operating Officer (COO) of Breakthrough T1D and will play a critical role in supporting the financial, operational and strategic objectives of Breakthrough T1D. The successful candidate will be a forward-thinking and highly collaborative leader, partnering closely with the COO and the broader senior leadership team to steward Breakthrough T1D's resources and to support the organization's continued impact.

The CFO is responsible for directing the day-to-day fiscal functions of the organization, including oversight of all financial operations including accounting and investment activities, capital and operating budgeting, audit and tax activities, enterprise risk, and financial reporting. The position works closely with and serves as an advisor to Breakthrough T1D's senior leadership and the Finance & Investment, and Audit & Risk committees of the Board.

Specific Responsibilities

• Advise the CEO, COO, and other key members of senior leadership on financial planning, budgeting, cash flow, investment priorities, and policy matters.
• Serve as the management liaison to the Finance & Investment, and Audit & Risk committees of the Board; effectively communicate and present financial information at committee & IBOD meetings.
• Evaluate and strengthen, where necessary, Breakthrough T1D's system of policies, internal controls, standards and procedures. Establish practices and implement systems to support high performance, efficiency and accountability.
• Continue the development of financial metrics (dashboards) to enable the senior leadership's understanding of Breakthrough T1D's financial position, performance, risks, and opportunities.
• Administer all accounting and treasury activities including monthly closings, accounts payable, accounts receivable, payroll, cash management, revenue and expense reporting, tax filings, audits, etc.
• Oversee the preparation of Breakthrough T1D's annual and long-range operating and capital budgets.
• Manage relationship with third-party investment management firms and directly manage all accounting activities including monthly, quarterly, and year-end reconciliations related to Breakthrough T1D's investment portfolio to ensure asset values are appropriately reported.
• Ensure compliance with all Federal, State, and City Regulations applicable to the financial activities of Breakthrough T1D.
• Partner with Finance team members to develop clearly defined roles, processes, and measures of success that facilitate open communication and positive working relationships within the department and with the broader organization. Provide mentoring and supervision to Finance team.
• Ensure each member of the Finance team has an appropriate understanding of Breakthrough T1D's mission and where he or she fits within that mission.
• Align financial strategies with the mission and values of Breakthrough T1D.

Key Selection Criteria

• Strong academic credentials required; MBA or another relevant advanced degree preferred.
• Candidate should be a CPA with strong background in accounting, financial strategy and planning.
• Minimum 10 years' experience in financial leadership roles with deep knowledge of finance, accounting and financial management is required.
• Experience working with and supporting committees and Boards of Directors.
• Strong management skills; experience coaching and providing mentorship to a team with diverse levels of expertise.
• Commitment to and track record of impact in the area of diversity, equity, and inclusion.
• Strong analytical skills and experience interpreting a strategic vision into an operational model.
• Working knowledge of data analysis and performance/operations metrics.
• An interest in, and commitment to the mission of Breakthrough T1D.
• Global expansion experience a plus.

Critical Competencies

Strategic Financial Thinking

• Supporting Breakthrough T1D's financial strategy and models; identifying and recommending opportunities to senior leadership and the Board that will maintain or improve funding streams; and leveraging the organization's available resources for maximum programmatic impact.
• Ensuring that all policies and procedures are well documented and well understood throughout the organization.
• Leveraging strong finance and accounting skills to develop accounting judgments and financial processes across a complex organization.

Communication

• Be a finance leader who proactively sees opportunities and contributes to the development of systems, policies, and structure to support a world-class finance organization.
• Ensure that Breakthrough T1D is adhering to the financial elements of its strategic vision, providing status reports to senior leadership and relevant committees of the Board.
• Have effective interpersonal, presentation, and communication skills and a demonstrated ability to engage openly and transparently across a diverse and complex community.

Leadership Skills

• Be a leader who sets high standards and encourages ambition and creativity for finance personnel across the organization.
• Be a confident manager, coach, and mentor with the ability to attract, develop, and retain a high-quality diverse finance team. S/he will set high standards and assess performance against a high bar of excellence.
• Advise and collaborate with senior leadership to articulate organizational priorities and implement change in accordance with Breakthrough T1D's strategic priorities, utilizing superior executive management skills.