Finance and Grants Accountant

The Lemelson Foundation uses the power of invention to improve lives.

Established by prolific US inventor Jerome Lemelson and his wife Dorothy in the early 1990s, and guided today by the Lemelson family, The Lemelson Foundation (the Foundation) believes invention can solve many of the biggest economic and social challenges of our time. A private philanthropy located in Oregon and operating globally, The Lemelson Foundation has assets of approximately $400 million and an annual budget of approximately $25 million.

All told, the Foundation has provided over $300 million in grants and other investments to hundreds of organizations around the world. The Foundation approaches its work to strengthen the invention ecosystem and empower inventors to solve the biggest global challenges and opportunities of our time, guided by a three-part framework called Impact Inventing:

Inventions should have positive social impact;

Inventions should be environmentally responsible—from the materials and processes used through final products that go to market; and,

Business models should become financially self-sustaining.

The Foundation promotes a culture of collaboration and continuous learning, and operates its programs and initiatives through two strategically focused teams:
Invention and Entrepreneurship, and Invention Education. Its flexible approach and entrepreneurial environment has helped The Foundation’s small team (10-15) to have an outsized impact in the social landscape of invention.

The Finance and Grants Accountant (FGA) leads all day-to-day finance and administrative operations of a $25 million foundation budget (with approximately $400 million in investment assets) with responsibilities that include oversight for accounting, budgeting, compliance, reporting, and grants administrative services. The FGA also manages The Foundation’s administrative processes including human resources, payroll, and benefits. This position supports Program Officers, the Grants Manager, the Chief Financial & Administrative Officer, and the Executive Director to educate them regarding finance, accounting, and administrative program operations and to develop new and improved systems.

The FGA reports to the CFAO.

$110,000 - $130,000

for more information or to apply. RESPONSIBILITIES

Accounting & Administration

Oversee and maintain all accounting systems, functions and financial policy development;

Maintain awareness of laws and regulations as necessary and oversee the preparation of all required tax returns and audit activity with appropriate team members;

Oversee all HR administrative processes including payroll, policies and procedures, and employee benefits.

Oversee and manage all finance-related policies and procedures;

Work with the Executive Director and Chief Financial & Administrative Officer to prepare and administer the Foundation’s annual administrative, programmatic, and grantmaking budgets, including financial projection models and subsequent analysis;

Develop financial plans and projections with the Board of Directors and ensure timely communication of financial statements and other updates as needed;

Oversee long-term budgetary planning and cost management in alignment with the Foundation’s strategic plan.

Grants and Program-Related Investment Oversight

Ensure accurate recording for all grants, in coordination with appropriate team members;

Oversee the Foundation’s program-related investments and ensure compliance and up-to-date documentation;

Work with legal counsel in support of the Foundation’s domestic and international grantmaking, contracts, and contract practices.

Foundation Culture and Performance

Participate in the Foundation’s evaluation and communication initiatives; engage with Foundation colleagues and partners to develop, understand, and communicate the impact of its collective portfolio;

Contribute to strategic planning and other Foundation-wide initiatives, including work to make the Foundation increasingly accountable to its values of joy, DEIJ, trust, collaboration, accountability, learning, and audacity;

Contribute to the Foundation’s culture of ‘inquiry, learning,…