Chief Financial Officer
Open Date: April 27, 2022
Closed Date: May 27, 2022
Fermilab is America’s premier laboratory for particle physics and accelerator research, funded by the U.S. Department of Energy. We support discovery science experiments in Illinois as well as other locations around the world including deep underground mines in South Dakota and Canada, mountaintops in Arizona and Chile, and additionally the South Pole!
The Chief Financial Officer (CFO), as a member of the Senior Management Team, will be responsible for the long-term business strategy in support of laboratory mission, goals and objectives. This includes budget development and execution, relevant business-operations and efficiencies, work authorization systems, innovative collaborations, contract and compliance related matters, the acquisition of all goods and services required by the Laboratory, and the identification and mitigation of associated risks. The CFO provides professional advice and support to the Laboratory through the development, promulgation, and consistent application of financial policies and practices in compliance with the prime contract and in accordance with applicable laws, regulations, and DOE requirements.
Respects, understands and values individual differences that embody the principles of diversity.
Abides by all environment, safety, and health regulations.
Essential Job Functions and Responsibilities:
- Provides business intelligence, leadership, professional analysis, projections, advice, counsel and guidance to senior management on financial aspects of business strategy and operational issues.
- Leads the senior management team through a yearly prioritization process (with multi-year projection) of indirect-funded activities and supports their execution. Establishes internal budget formulation and monitoring processes. Provides accurate and timely budget and cost information to support management decision-making.
- Develops, promulgates, implements, and consistently applies financial policies, procedures and practices in compliance with the prime contract and applicable laws, regulations and DOE requirements. Keeps apprised of changing law, regulations, standards, and Department of Energy Orders and effects changes as appropriate.
- Responsible for the laboratory’s system of internal controls over financial information, assuring integrity and adequacy of financial controls and compliance with the prime contract. Understands the design and implement lab wide execution of proper internal controls over financial transactions while ensuring industry compliance and confidence.
- Oversees the management of Controllership (Accounting, Payroll, Travel, Accounts Payable), Budget, Procurement, and Sponsored Program Administration functions.
- Works in coordination with Senior Science leaders, and the field financial managers in support of the divisions, to assure accountability and adherence to financial policies and practices.
- Works collaboratively with the Department of Energy and specifically the Office of High Energy Physics to coordinate the annual budget formulation process and other important funding matters. Responsible for the annual budget submission to the Department of Energy.
- Sets labor burden and indirect rates and chargeback pricing in accordance with Cost Accounting Standards, monitoring and redistributing variances as necessary.
- Executes contracts, purchase orders, and other legal documents with delegated procurement authority; and re-delegates that authority as appropriate to accomplish laboratory objectives.
- In cooperation with the Chief Information Officer, implements new financial management systems and enhances existing systems to meet the current and future needs of the laboratory. Participates in setting priorities with respect to business systems investments.
- Coordinates and collaborates with internal auditors throughout the fiscal year as various required internal and external audits are conducted. Serves as executive point of contact for all financial audits and assessments, internal and external.
- Works closely with the FRA Board and members of FRA to meet Corporate financial and business expectations.
- Abides by and is responsible for performing all duties in accordance with all environmental, health, and safety regulations and practices pertinent to this position.
- Maintains a high-level of diplomacy and discretion in dealing with internal and external members as required.
- Recruits, retains and develops business staff to create a sustainable high performing organization.
We Are Looking For:
Minimum required Education and Experience: Bachelor’s degree and experience commensurate with the scope of this position. Must be clearable for a DOE Q security clearance.
Preferred Education and Experience: Master’s degree or higher.
Applicable Knowledge, Skills and Abilities required: Knowledge and skill in budget development and execution, business-operations and efficiencies, work authorization systems, innovative collaborations, risk mitigation, contract and compliance related matters, and the acquisition of all goods and services and operation in a government contractor environment; excellent leadership, organizational planning, communication and management skills.
Fermilab is an Equal Opportunity Employer
FRA encourages all employees to be fully vaccinated and boosted to prevent transmission of COVID-19 and to mitigate against severe illness from infection. Upon employment with FRA, all employees must state their vaccination status. Please note that all vaccination and testing requirements are subject to change. Testing of unvaccinated employees may be required for Fermilab site access, depending on community transmission levels.
Fermilab is an Equal Opportunity Employer and believes a diverse and inclusive environment based on mutual respect is critical to our mission. Fermilab is committed to recruiting and developing the most hard-working people and does not discriminate in employment on the basis of race, ethnicity, color, religion, age, sex, gender identity or expression, sexual orientation, military/veteran status, country of birth, geography/postal code, disability, marital status, parental or gestational status, or other non-merit factor.