Mgmt 3, Budget & Financial Analysis

MIT • Cambridge, MA

4d

About The Position

The Senior Budget and Finance Officer at the MIT Museum reports to the Deputy Director and is responsible for financial planning, reporting, financial operations, risk management, and compliance with MIT financial policies and procedures. This role will support the Director & Deputy Director on financial matters and objectives outlined in MITM’s Strategic Plan and work closely with the senior team. The officer will partner with the Development Officer and MIT’s central Finance office and has a staff of two. They will serve as the primary liaison to MIT’s central finance office (VpF) on budgetary, reporting, contractual, and accounting matters. The role involves developing, monitoring, and reporting on MITM’s ~$13 million combined annual budget, which includes earned revenue, endowment income, fundraising, contracts, grants, and support from MIT. The officer will regularly brief the Director and Deputy Director on progress vis a vis the annual budget. Additionally, they will develop operational plans to improve MITM sustainability by optimizing profitability of earned revenue & fundraising strategies and recommending resource reallocation and/or cost-cutting strategies as needed. The role also includes evaluating budget vs. actual performance and developing and reporting on key monthly, quarterly, and annual performance metrics through a clear, museum-wide financial ‘dashboard’ for staff.

Requirements

• Bachelor’s degree in finance, business administration, accounting, or related field.
• A minimum of seven years of accounting and/financial management experience.

Nice To Haves

• Experience in corporate or non-profit finance that includes revenue generation, financial reporting, grant administration, budgeting and accounting.
• Experience managing complex business processes at a revenue generating organization or department.
• MBA or CPA.

Responsibilities

• Financial planning, reporting, financial operations, risk management, and compliance with MIT financial policies and procedures.
• Support the Director & Deputy Director on financial matters and objectives outlined in MITM’s Strategic Plan.
• Work closely with the senior team.
• Partner with the Development Officer and MIT’s central Finance office.
• Serve as the primary liaison to MIT’s central finance office (VpF) on budgetary, reporting, contractual, and accounting matters.
• Develop, monitor, and report on MITM’s ~$13 million combined annual budget, which includes earned revenue, endowment income, fundraising, contracts, grants, and support from MIT.
• Regularly brief the Director and Deputy Director on progress vis a vis the annual budget.
• Develop operational plans to improve MITM sustainability by optimizing profitability of earned revenue & fundraising strategies and recommending resource reallocation and/or cost-cutting strategies as needed.
• Evaluate budget vs. actual performance and develop and report on key monthly, quarterly, and annual performance metrics through a clear, museum-wide financial ‘dashboard’ for staff.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior