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Deputy Chief Financial Officer and Assistant Treasurer

Howard Hughes Medical Institute

The Howard Hughes Medical Institute advances biomedical research and science education throughout the United States.

Primary Work Address: 4000 Jones Bridge Road, Chevy Chase, MD, 20815

Current HHMI Employees, click here to apply via your Workday account.

HHMI is focused on supporting and moving science forward in a variety of different ways ranging from conducting basic biomedical research, empowering educators, inspiring students, developing the next generation of scientists – even stretching into film and media production. Our Headquarters is in the greater Washington, DC metro area and is home to over 300 employees with expertise in investments, communications, digital production, biomedical sciences, and everything in between. The work housed here supports and augments the groundbreaking research conducted in HHMI labs across the nation. As HHMI scientists continue to push boundaries in laboratories and classrooms, you can be sure that your contributions while working here are making a difference.


At the end of fiscal year (FY) 2021, the Institute had $27.1 billion in consolidated diversified net assets, making it one of the world’s largest private supporters of basic biomedical research and science education. Over the last five years, the Institute has provided approximately $4 billion in support for research and science education, based on generally accepted accounting principles (GAAP). Complete details can be found in our audited financial statements.


The Deputy Chief Financial Officer and Assistant Treasurer (“Deputy CFO”) reports to the Vice President, Chief Financial and Operating Officer and Treasurer (“CFOO”).


The Deputy Chief will be an integral member of the Finance Team under the direction of the CFOO. In this position, the individual will oversee financial accounting and reporting, treasury, tax compliance and bond-holder reporting. The Deputy CFO will guide financial decisions and protect the Institutes assets by establishing, monitoring, and enforcing policies and procedures. The Deputy CFO will serve as an Officer of HHMI and will deliver strategic thinking and sound advice relating to HHMI’s financial operations. They will work closely with other leaders at HHMI as a critical business partner to provide expertise and support in planning and decision-making involving HHMI’s financial operations. They will establish and maintain a culture that values cooperation, collaboration, transparency, employee engagement, continuous improvement, learning, and professional development.

The Deputy CFO will be responsible for direct and indirect supervision of Financial Operations staff including General Accounting, Accounts Payable, Payroll, Treasury and Tax, as well as manage the debt portfolio and operating budgets. The essential duties and responsibilities:

  • Strategic Vision. Serve as strategic thought partner to CFOO, President, and other HHMI leaders regarding HHMI’s financial operations. Develop and implement strategic goals and objectives within areas of responsibilities.
  • Leadership. Lead and oversee the work of Financial Operations teams. Establish and maintain a culture that values cooperation, collaboration, transparency, employee engagement, continuous improvement, learning, and professional development, in alignment with HHMI’s aspirations. Help support other departments and teams to foster a similar culture in keeping with a “whole organization” mindset.
  • Mentoring. Mentor and develop staff. Hire, develop, and retain employees who are motivated by HHMI’s mission and understand their role in advancing it. Help employees identify professional development plans that are linked to the mission and support HHMI’s values and help them achieve their professional development objectives through training and continuing education. Identify, grow, and nurture strong performers, counsel, and coach employees to higher levels of initiative and achievement.
  • Budgeting and Financial Management. Oversee the preparation and management of contracts and budgets within areas of responsibility. Manage within approved budget, in a fiscally responsible manner.
  • Diversity and Inclusion. Promote and facilitate diversity and inclusion at HHMI Finance, Accounting, Treasury, and Tax units. Coordinate and work collaboratively with HHMI Diversity Office for ongoing dedication in diversity and inclusion initiatives.
  • Financial Reporting/General Accounting. Ensure that all accounting and financial reporting practices are in accordance with appropriate regulatory and third-party requirements (such as rating agencies), organizational objectives and Generally Accepted Accounting Principles (GAAP). Ensure timely and accurate completion and distribution of financial statements, periodic financial analyses, and audit reports with corresponding disclosures
  • Treasury. Ensure that financing remains at competitive rates. Ensure compliance with all debt covenants and maintain appropriate reporting as required under financing vehicles. Manage tax- exempt and other financings and negotiate most effective rates and terms balanced with minimizing the administrative burden. Analyze available financing mechanisms and recommend and implement vehicles which provide appropriate flexibility for future operations, capital needs and potential operating reserves. Establish and maintain relationships with financial institutions which provide operational banking services, including checking accounts, lines of credit, account reconciliations, fraud control and on-line access to accounts.
  • Tax. Comply with taxing and regulatory agencies ensuring their accuracy and timeliness through the Tax Department. Monitor and ensure compliance with the Internal Revenue tax code allowing the institute to be classified as a medical research organization (MRO) for federal income tax purpose.
  • Infrastructure. Steer and oversee development of Finance policies and procedures, in collaboration with other stakeholder departments. Ensure that policies and procedures support the overall mission of the Institute with a minimum of bureaucracy. Ensure that systems supporting required financial and management reporting are maintained and designed optimally for the use of Finance and its stakeholders.
  • Relationship Management. Partner with key stakeholders in HHMI Operations and contribute to the success of other HHMI programs and Institute-wide initiatives. Provide constructive feedback to HHMI Operations in the spirit of continuous improvement towards HHMI’s future state aspirations. Coordinate and work collaboratively with HHMI leadership across all functions and serves as a member of HHMI’s Finance Operations Leadership Council and Operations Strategy Group.
  • In addition to the duties specifically identified by this job description, the position will include other duties if and as assigned by the direct supervisor or others with supervisory authority over this position.


The successful candidate will have a minimum of 15+ years of progressively responsible related experience including the development of accounting policies and procedures, management of financial report preparation, management of tax compliance, and understanding of external audit processes, with at least five years in a senior-level leadership role. The final candidate will have many of the following experiences, skills, and personal attributes:

  • In-depth understanding and knowledge of US GAAP and accounting standards. Public accounting experience is strongly preferred.
  • Experience demonstrating strong commitment to professional development for self and others, including track record of mentoring and developing staff.
  • Working knowledge of computer based financial and treasury systems.
  • Knowledge and understanding of federal and state tax law.
  • Strong leadership vision and capabilities with a focus on excellence.
  • Demonstrated commitment to and experience in customer service, negotiation, and conflict resolution in an environment where legitimate demands often compete.
  • Superior people management skills, and ability to interact effectively and positively with people at all staff levels, within and outside of HHMI.
  • Strong ability to collaborate across programs and functions and to manage resources efficiently and effectively to meet institutional priorities.
  • Curiosity, ability to learn rapidly, and ability to exhibit strong leadership through change and ambiguity.
  • The highest ethical standards, personal drive, and passion to pursue challenging goals while generating enthusiasm and dedication among team members and fostering a positive and collaborative environment.
  • Superior analytical skills to successfully manage projects and resources.
  • Demonstrated commitment and dedication towards promoting diversity and inclusion.
  • Excellent judgment in handling all types of situations.
  • Strong communications skills, ability to negotiate and resolve conflicts effectively and fairly, and ability to influence and engage others.


A bachelor’s degree in accounting, finance, or business is required. A master’s degree in finance or accounting is a plus. Certified Public Accountant is required.


For additional information, to make a recommendation, or to be considered confidentially, contact:

Tom Berray

Managing Partner

1750 Tysons Blvd, 15th Floor

McLean, VA 22102

Phone: 703-637-0466


or click “Apply” to fill out a job application.

Compensation and Benefits

Our employees are compensated from a total rewards perspective in many ways for their contributions to our mission, including competitive pay, exceptional health benefits, retirement plans, time off, and a range of recognition and wellness programs. Visit our Benefits at HHMI site to learn more.

HHMI is an Equal Opportunity Employer

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Deputy Chief Financial Officer and Assistant Treasurer

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Howard Hughes Medical Institute

The Howard Hughes Medical Institute advances biomedical research and science education throughout the United States.

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