Who We Are:
As the world’s largest academic clinical research organization and part of the Duke University School of Medicine, the Duke Clinical Research Institute (DCRI) is known for conducting groundbreaking multinational clinical trials, managing major national patient registries, and performing landmark outcomes research. We are dedicated to advancing clinical research by promoting innovation, education, scientifically designed studies, and operationally efficient clinical trial conduct.
Position Summary: The Chief Financial Officer (CFO) will have primary responsibility for planning, implementing, and managing financialcontracting, grants and proposal services and sponsored projects related activities.
- Operations Management Participate as an active member of the DCRI Executive Team to define overall strategic goals for the organization.
- Serves on the Board of Directors for Duke Research Institute, Duke India Services Private Limited and Duke Medical Strategies. Serves as Chair of the DCRI crisis management team.
- Ensure that financial results are effectively communicated to all stakeholders including DCRI faculty, senior leadership, functional group leaders, project leaders, and School of Medicine (SOM) Administration.
- Provide recommendations to the Executive Director regarding all major financial decisions and oversee the implementation of financial policy decisions made by senior leadership.
- Oversee the preparation of the DCRI’s annual operating and capital budgets including the presentation and defense of the budget at the annual budget review meeting with SOM Administration.
- Serves as the School of Medicine’s designated Business Manager ensuring that the SOM Administration is kept abreast of trends in the DCRI’s financial position and the clinical research industry.
- Ensure the transparency of the DCRI’s financial activities to the SOM Administration.
- Responsible for understanding how the DCRI impacts the School (and University) financial statements and ensuring that DCRI can express its financial information in the manner in which consistent financialreporting has been created within the SOM and/or University.
- Responsible for the full participation of the DCRI in the SOM’s efforts to create a business community between departments and center financial and administrative personnel.
- Report any difficulties in achieving the agreed-upon budget and recommended action steps to achieve balance to the Vice Dean for Administration and Finance on at least a quarterly basis.
- Oversee the development and implementation of policies, procedures, and internal control mechanisms to ensure that the expenditure of funds and recording of transactions are in compliance with SOM and University policies and procedures as wells as General Accepted Accounting Principles.
- Ensure that all DCRI staff are knowledgeable regarding these requirements.
- Serve as a liaison with a variety of Duke departments including Procurement Services, Internal Audit, Plant Accounting, and Departmental Business Managers to provide appropriate coordination, consistency with SOM and University policies and procedures, and transfer of funds as needed.
- Identify and make recommendations to the Executive Director regarding opportunities for improvement in DCRI operations and processes.|
- Participate in and provide leadership for cross-functional and organization-wide improvement efforts.
Strategic Financial Analysis:
- Oversee efforts to monitor and analyze financial trends in the CRO industry.
- Identify effective indicators of financial performance and assess the DCRI’s performance compared with industry standards.
- Oversee financial modeling and forecasting functions to provide an understanding of the economics of the DCRI’s activities and the CRO industry, prepare long-term financial projections, and assess the financial impact of various operational and strategic initiatives on the DCRI’s profitability.
- Keep abreast of trends in the CRO, pharmaceutical, biotechnology, and medical device industries.
- Team Management Supervise and evaluate performance of all staff reporting to this position.
- Engage other members of the Executive Leadership team to facilitate cross-department collaboration that ensures that all solutions positively support DCRI's evolving strategy, operational delivery, and data collection needs.
- Mentor managers and/or directors, manage work allocation and the building of an effective and efficient team dynamic.
- Promote an open environment, which builds trust and provides opportunities for personnel to offer suggestions, obtain clarification, and voice concerns.
- In-depth knowledge of GAAP, cost accounting, government contract accounting, and grants administration.
- Strong ability to provide strategic level input to senior leadership while delivering a “hands-on” approach to the operations management of all finance functions.
- Personal integrity.
- Strong personnel management and leadership skills.
- Strong organizational, planning, prioritization, negotiation, and decision-making skills.
- Strong analytical capabilities, including the ability to think critically and strategically about financial and business issues and to propose and implement change.
- Excellent oral and written communication and interpersonal skills and the ability to influence others at all levels of the organization.
Minimum of 15years of progressively responsibleexperience in corporate accounting/finance, including a minimum of 8years of
personnel management experience.
Prior experience in a biomedical research setting and significant knowledge of the CRO, pharmaceutical, medical device and
biotechnology industry. Ideal candidate would have experience in both a university setting and the CRO industry.
Bachelor’s degree in business administration, accounting, or finance or an equivalent combination of education and experience. Prefer candidates with an MBA. Qualified candidate must be a CPA or have an equivalent professional qualification (i.e., Certified Management Accountant, Chartered Accountant.)
Duke University is an Affirmative Action/Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, genetic information, gender, gender expression, gender identity, national origin, race, religion, sexual orientation, or veteran status. Essential Physical Job Functions: Certain jobs at Duke University and Duke University Health System may include essential job functions that require specific physical and/or mental abilities. Additional information and provision for requests for reasonable accommodation will be provided by each hiring department.