Head of Finance

Garvan Institute of Medical Research brings together world leading scientists and clinicians collaborating locally and globally to advance our understanding of disease particularly cancer autoimmunity and genetic disorders. Garvan is a global leader in fundamental biomedical research and its translation. Our mission is to make discoveries that will improve health for all. THE OPPORTUNITY The Head of Finance is a key leader responsible for overseeing all financial strategies risk management policies procedures planning budgeting analysis management reporting and finance systems. This role provides critical financial guidance to the Garvan Leadership Team (GLT) and Boards ensuring sound financial stewardship strategic decision-making and the delivery of the Institutes mission. The Head of Finance will lead a team of financial professionals and act as a strategic business partner across Garvans various divisions including the Garvan Research Foundation and Australian BioResources. Salary: Up to $% super salary packaging (depending on experience) Employment Type: 1 year fixed-term SNAPSHOT OF BENEFITS Generous salary packaging to save you income tax on your wages thereby boosting your monthly take home pay (max. $15900 general expenses $2650 meals / accom) Ample opportunities for on-going training and development Stimulating diverse and highly international research environment Flexible work arrangements e.g. start / finish times A range of additional leave types to meet your personal needs including cultural leave conference leave community service and study leave Discounted Health Insurance Lifestyle discounts with our community partners WHAT YOU WILL DO The key responsibilities include : Financial Management & Strategy Lead the annual budgeting and forecasting processes aligning financial plans with the Institutes strategic objectives. Provide insightful financial analysis modelling and advice to support complex business cases major capital projects and strategic initiatives. Develop and implement financial strategies to optimise resource allocation and ensure Garvans long-term financial sustainability including developing and maintaining the Institutes 3-year rolling financial plans and long-term financial KPIs. Advise the Executive Director GLT and Garvan Boards (Garvan Institute Board of Directors and Garvan Research Foundation Board of Directors) on all strategic and operational aspects of financial management. Oversee commercial decision-making including tender analysis margin analysis pricing and contract reviews. Ensure the Finance team acts as a valued business partner to all business units and assist with the preparation of business cases and investment analysis in support of Garvans investments in strategic initiatives Financial Reporting Oversee and deliver all financial reporting for the organisation including accurate and timely monthly annual statutory and ad-hoc reporting to provide timely and actionable insights to senior leadership. Ensure the preparation of annual statutory financial statements and their timely lodging with external bodies in accordance with relevant accounting standards. Present financial results and insights to the GLT Finance Risk & Audit Committee (FRAC) the Boards and other audiences as required. Manage the external auditor relationship and ensure compliance with all accounting standards and external requirements. Operations & Risk Management Oversee all core finance functions including Accounts Payable Accounts Receivable Tax Treasury Payroll Procurement Systems and Financial Accounting. Oversee and ensure all payroll responsibilities including the timely and accurate payment of wages and communication regarding pay conditions arrangements and regulatory requirements are met. Oversee month-end and year-end close processes ensuring accurate and timely financial reporting. Manage and oversee cash flow investments and banking arrangements ensuring appropriate controls are in place for effective monitoring forecasting and managing cash flow investments terms deposits and cash. Maintain and monitor financial risks for the Institute taking into account internal and external factors and develop effective mitigation strategies. Manage and oversee the companys financial systems ensuring accounting systems and processes are up to date maintained and delivering outcomes which enable the Institute to manage its finances initiatives and organisational changes effectively. Identify opportunities to streamline and automate financial processes leading technology and system improvements (e.g. in Workday and Adaptive Insights). Advise on and implement best practice methods to increase revenue and reduce costs. Compliance Ensure the Institute meets all its financial and legislative requirements maintaining a robust internal control framework and organisational compliance with financial policies and delegations. Liaise with internal and external auditors and ensure compliance with all relevant financial regulations and reporting standards. Manage Garvans funding portfolio ensuring compliance with grant conditions and reporting requirements. Ensure the Institute complies with the Institutes Investment Policy Statement and related cash investment and Term Deposit policies. Leadership & Team Management Manage mentor and develop a high-performing finance team fostering a culture of excellence collaboration and continuous improvement. Act as a key liaison and business partner to Garvans research and operational leaders translating complex financial information into clear strategic insights and recommendations. Drive a culture of accountability and financial awareness across the organisation ensuring financial policies and processes are well understood and followed. Safety Health and Wellbeing Proactively demonstrate Garvans safety values and standards by Speaking Up for Safety and exhibiting visible safety leadership to inspire those values in others and cultivate a culture of safety. All staff are required to comply with Garvans workplace polices (as amended from time to time) and especially Garvans Work Health & Safety (WHS) Policy including working in accordance with the WHS management system at all times. Demonstrate due diligence in a proactive and positive manner to show they have taken reasonable steps to ensure health and safety is managed as required as an Officer under the WHS Act. ABOUT YOU The key skills and experience include : Essential Qualifications & Experience A professional qualification in accounting (e.g. CPA or CA). Extensive experience (typically 8 years) in a senior finance role with a proven track record of managing financial planning and analysis in a complex multi-stakeholder environment. Demonstrated experience in leading and managing a team. High-level analytical and financial modelling skills with the ability to interpret complex data and provide insightful conclusions. Excellent communication and interpersonal skills with the ability to influence and build strong relationships with stakeholders at all levels. Desirable Attributes Experience in the not-for-profit medical research university or healthcare sectors. Experience with financial systems such as Workday Financials and Adaptive Planning. A strong commitment to the mission of medical research and a passion for making an impact on human health. ABOUT GARVAN Garvan Institute of Medical Research is an independent Medical Research Institute (MRI) in Sydney delivering scientific and clinical impact on a global basis and in partnership with organisations that share our vision. We are proud to be one of Australias largest and most highly regarded MRIs. Our vision is global leadership in discoveries to impact and our enduring purpose is to impact human health by harnessing information encoded in our genome. We seek to see our world-class discovery research achieve life-changing impacts not only for individual patients with rare diseases but for the many thousands affected by complex common disease. Garvan promotes a diverse workplace and is committed to the principles of equity diversity inclusion and belonging. We are always looking for culture add not culture fit and are building diverse teams with great sets of complementary styles and skills to help deliver our important work effectively. HOW TO APPLY To apply for this position please submit your application with a CV and cover letter as one document stating why you are interested in this role. We are reviewing applications as they are received. If you think youre the right person for this role wed love to hear how your capabilities achievements and experience set you apart. Only applicants with full working rights in Australia are eligible to apply for this role. #J-18808-Ljbffr