Assistant Director, Department-Controlled Funds
Massachusetts Institute of Technology
Cambridge, MA · HybridFull-time$112–141K/yrSeen todaySeen in employer's feed today
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Job overview
The Assistant Director provides financial leadership for Biology’s department-managed funds and complex financial support within a combined centralized and decentralized management model. The role covers budgeting, forecasting, analysis, reporting, graduate student aid allocation, payroll, and research service facility processes, and serves as a local expert on complex billing arrangements. The position supervises two Financial Coordinators and helps direct the Finance Office.
Skills & qualifications
Skills
Qualifications
Full job description
Assistant Director, Department-Controlled Funds
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Job Number: 26229
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Functional Area: Finance/Accounting
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Department: Biology
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School Area: Science
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Pay Range Minimum: $112,200
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Pay Range Maximum: $140,600
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Employment Type: Full-time (Hybrid)
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Employment Category: Exempt
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Visa Sponsorship Available: No
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Schedule:
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Pay Grade: 10
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Posting Description
ASSISTANT DIRECTOR, DEPARTMENT-CONTROLLED FUNDS, Biology, to provide financial leadership for Biology's department-managed funds. As a member of the Department of Biology Finance Office team, will provide complex and diverse financial support in a department that uses a combined centralized and decentralized financial management model. Projects/activities devoted to those that fall under the umbrella of department-controlled funds; sources span general institute budget, endowed, and non-endowed funds. Activities include, but are not limited to, annual budget submission; forecasting; analysis and report preparation; graduate student aid allocation; direct payroll processes; support budgeting, billing, and reporting processes for research service facilities; serve as local expert for complex billing arrangements with the Broad, Koch, Ragon, and Whitehead Institutes, and HHMI; supervise two Financial Coordinators. In conjunction with Assistant Director/Research Administration, provide overall direction of the Finance Office where policies, procedures, and systems span all areas of financial management; handle special projects as they arise.
The full job description is available, here: https://acrobat.adobe.com/id/urn:aaid:sc:US:081072df-e45d-4f2e-817c-5a68897a7ec1
Job Requirements
REQUIRED: Bachelor’s degree and a minimum of seven years of accounting or financial management experience, preferably in higher education; strong financial analysis and forecasting skills; Microsoft Office, spreadsheet, and database proficiency; organization, proactive communication, attention to detail, and discretion with confidential information; ability to work independently and collaboratively; adaptability to evolving systems and policies; a record of solving problems without established precedent; experience with AI tools or willingness to use them to improve efficiency and decision-making. PREFERRED: Familiarity with financial systems, payroll, graduate aid, and research administration; Quickbase and data visualization, including Tableau; or MIT experience.
11/9/2026
How this job compares
Set against the 5,699 open Finance jobs on Olive Jobs, counted November 10, 2026.
- Pay
- This posting$112–141K/yr
- Massachusetts median$112–180K/yr181 salary ranges
- US median$110–187K/yr3,842 salary ranges
This range's midpoint, $126K, is 17% below the Massachusetts median midpoint ($152K) — in the middle half of Finance salary ranges in Massachusetts.
- Openings
- Olive Jobs lists 233 open Finance jobs in Massachusetts and 5,699 across the US. 4% of them nationwide are listed as remote or flexible.
- Hiring the most in Massachusetts
- RTX Corporation12 open
- State of Massachusetts11 open
- Amazon9 open
- Experience
- This posting asks for at least 7 years of experience; Finance postings that state a minimum ask for 5 years at the median (4,416 postings).
- Education
- This posting asks for a bachelor's degree; 3,117 of the 5,699 open Finance jobs (55%) ask for a bachelor's degree or higher.
Counted across the open, public US postings on Olive Jobs on November 10, 2026. Pay medians are the middle values of the low ends and of the high ends of postings that list both ends of a range in the same cadence (a yearly salary or an hourly rate); a range's midpoint is halfway between its ends. Pay and experience figures resting on fewer than 20 postings are left out.
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