Controller, Restricted Funds & Compliance
Apply NowCompany: Museum of Science
Location: Boston, MA 02115
Description:
Museum of Science, Boston
www.mos.org
Innovation and creativity come from the unique perspectives of a diverse staff. We value your perspective.
Who We Are
As science and technology increasingly shape our lives, the Museum of Science strives to equip and inspire everyone to use science for the global good while keeping up with the pace of change. Among the world's largest science centers and New England's most attended cultural institution, we engage nearly five million people a year - at Science Park and in museums around the world, in classrooms, and online.
The Museum's singular location connecting Boston and Cambridge puts us at the junction of some of the world's most influential academic institutions and industries, local and state government, schools, and the public. Trusted by each sector, we are ideally positioned to convene, inspire, and create meaningful experiences for all. Come join us on our mission to inspire a lifelong love of science in everyone and live our vision for a world where science belongs to each of us for the good of all of us.
SUMMARY STATEMENT
The Controller, Restricted Funds & Compliance is responsible for the comprehensive financial management and reporting of all restricted funds, encompassing grants, gifts, endowments, and investments. This pivotal role ensures adherence to donor stipulations, grant agreements, and regulatory requirements. The Controller provides precise and prompt financial information to stakeholders, ensuring transparency and compliance in all financial activities related to restricted funds.
DIMENSIONS
Ensure Accurate Management of Restricted Funds:
Audit Coordination and Compliance:
MINIMUM QUALIFICATION REQUIREMENTS
Education: Bachelor's degree in related field.
Experience: 5 or more years of non-profit (or related) accounting experience.
BASIC QUALIFICATIONS
PREFERRED QUALIFICATIONS
REMOTE WORK
Measurement of Strength Requirements:
Percentage of time spent:
Please note that the above information describes the general requirements of the position. The Museum will make reasonable accommodations for qualified applicants/employees with disabilities unless doing so would cause the Museum undue hardship. Please contact Human Resources for additional information.
Salary Range
$128,000-$160,000 USD
The Museum of Science is fully committed to Equal Employment Opportunity and to attracting, retaining, developing and promoting the most qualified employees without regard to their race, gender, color, religion, sexual orientation, national origin, age, physical or mental disability, citizenship status, veteran status, or any other characteristic prohibited by federal, state or local law. We are dedicated to providing a work environment free from discrimination and harassment, and where employees are treated with respect and dignity.
www.mos.org
Innovation and creativity come from the unique perspectives of a diverse staff. We value your perspective.
Who We Are
As science and technology increasingly shape our lives, the Museum of Science strives to equip and inspire everyone to use science for the global good while keeping up with the pace of change. Among the world's largest science centers and New England's most attended cultural institution, we engage nearly five million people a year - at Science Park and in museums around the world, in classrooms, and online.
The Museum's singular location connecting Boston and Cambridge puts us at the junction of some of the world's most influential academic institutions and industries, local and state government, schools, and the public. Trusted by each sector, we are ideally positioned to convene, inspire, and create meaningful experiences for all. Come join us on our mission to inspire a lifelong love of science in everyone and live our vision for a world where science belongs to each of us for the good of all of us.
SUMMARY STATEMENT
The Controller, Restricted Funds & Compliance is responsible for the comprehensive financial management and reporting of all restricted funds, encompassing grants, gifts, endowments, and investments. This pivotal role ensures adherence to donor stipulations, grant agreements, and regulatory requirements. The Controller provides precise and prompt financial information to stakeholders, ensuring transparency and compliance in all financial activities related to restricted funds.
DIMENSIONS
- 150+ endowments totaling $220
- 20 reserve funds.
- Manage 3-5 staff
- Review and approve several thousand invoices and timesheets per
Ensure Accurate Management of Restricted Funds:
- Oversee the accounting for restricted funds to guarantee precise recording and
- Monitor the allocation and expenditure to ensure adherence to donor intent and compliance with federal, state, and local regulations.
- Serve as a resource for grant proposals, spending matters, and federal grant regulations to maintain quality and compliance.
- Manage budgets for restricted funds, ensuring they align with donor intents and organizational
- Coordinate the annual budget process, collaborating with the CFO and Controller, Budget & Operations, to identify strategies for addressing shortfalls and producing a balanced operating
- Conduct financial projections and variance analysis for restricted
- Oversee the management of the Museum's endowment and investment funds in collaboration with external advisors, internal stakeholders, and the Investment Committee.
- Monitor investment performance to ensure alignment with the Museum's investment policies and objectives.
Audit Coordination and Compliance:
- Coordinate the annual audit process to ensure the accurate and timely completion of financial statements, Retirement and Savings Plans, and UGG (A-133).
- Maintain documentation and records to support audit requirements and donor
- Hire, manage, cross-train, and develop staff to ensure a highly functioning accounting department with a sensible succession plan.
- Oversee the preparation of the federal Indirect Cost Rate proposal and negotiation with the appropriate federal agency to enable appropriate recovery of Museum overhead on government
- Collaborate with the Advancement Division on matters of restricted contribution recognition, documentation, and monitoring to ensure compliance with accounting policies and data
- Provide financial insights and support to the Advancement Division for donor communications and reporting.
- Work with department and division leadership to identify and implement improvements that enhance overall Museum operating and financial efficiencies, especially regarding the use and spending of restricted funds.
- Provide financial analysis and create models to assist managers with budgetary concerns and inform decision-making processes.
- Develop and document policies and procedures to ensure the integrity and accuracy of financial
- Establish and maintain robust internal controls to safeguard restricted
- Collaborate with the Controller, Budget & Operations, to maintain the Museum's accounting
- Perform other work-related duties as required by the
MINIMUM QUALIFICATION REQUIREMENTS
Education: Bachelor's degree in related field.
Experience: 5 or more years of non-profit (or related) accounting experience.
BASIC QUALIFICATIONS
- Experience with grants management, donor compliance and
- Advanced computer knowledge including Excel and
- Experience with grants management, donor compliance and investment
- Thorough knowledge of GAAP, UGG and nonprofit accounting
- Strong communication
PREFERRED QUALIFICATIONS
- CPA certification
REMOTE WORK
- Hybrid based on divisional
Measurement of Strength Requirements:
- Lift - 10lbs - Occasionally
- Carry - 10lbs - Occasionally
- Push - 10lbs - Occasionally
- Pull - 10lbs - Occasionally
Percentage of time spent:
- Sitting - 80%
- Walking - 10%
- Standing - 10%
- Talking (Ordinary)
- Hearing (Ordinary)
- Visual Acuity
- Color Vision
Please note that the above information describes the general requirements of the position. The Museum will make reasonable accommodations for qualified applicants/employees with disabilities unless doing so would cause the Museum undue hardship. Please contact Human Resources for additional information.
Salary Range
$128,000-$160,000 USD
The Museum of Science is fully committed to Equal Employment Opportunity and to attracting, retaining, developing and promoting the most qualified employees without regard to their race, gender, color, religion, sexual orientation, national origin, age, physical or mental disability, citizenship status, veteran status, or any other characteristic prohibited by federal, state or local law. We are dedicated to providing a work environment free from discrimination and harassment, and where employees are treated with respect and dignity.