Sr Manager Financial Reporting (Hybrid)

American Medical Association • Chicago, IL

19h • Hybrid

About The Position

The American Medical Association (AMA) is seeking a Sr Mgr Financial Reporting to join their Insurance - Finance team at their corporate offices in Chicago. This is a hybrid position requiring 3 days a week in the office. The role involves managing and performing financial reporting functions, including planning and operational analyses to enhance the financial effectiveness of the Association and its affiliate entities. A key responsibility is overseeing the annual capital and operating budget process. The position requires monitoring and analyzing events affecting operations, building relationships with operating units to understand these events, and providing financial counseling. The Sr Mgr will also perform and/or review statistical and financial analysis of reports and data, preparing subsequent analyses for management.

Requirements

• Expert analytical skills and proficiency in U.S. Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) rules and standards.
• Polished communication, both verbal and written; strong presentation skills required.
• Demonstrated proficiency of managerial skills including delegation, staff development and feedback.
• Demonstrated proficiency with state-of-the-art computer software and financial systems; strong financial systems background required.
• Strong planning and organizing skills required; ability to manage multiple priorities and deadlines simultaneously.
• Demonstrated ability to prepare and review complex analyses of financial information and meet frequent reporting deadlines.
• Excellent interpersonal skills to build relationships both cross-functionally and with senior leadership.

Responsibilities

• Manage and direct the monthly/annual financial close; develop and implement procedures and policies, analyze financial data and trends, perform variance analysis on financial statements
• Review and/or prepare the monthly/annual Blackline reconciliations for completeness and accuracy in compliance with AMA policies, provide feedback and coaching to preparers
• Coordinate annual financial audit with external auditors, providing information/reports, answering questions; support multiple carrier audits throughout the year providing information on payments and/or processes
• Prepare and lead the monthly financial review for the Affinity business
• Manage Agency Treasury function; including ensuring all controls are met for both payments and receipts; additionally, manage account reconciliations, approve payments (both wires / ACH), and develop relationships with key external partners
• Manage the entire accounts payable and accounts receivable processes for the Agency, ensuring all policies are adhered to and identify/implement process improvements opportunities
• Manage Affinity quarterly invoicing and collection process, coordinating with Affinity leadership and external partners
• Develop, implement and manage the invoicing, collections, and reconciliation process for $5m Med Plus Advantage program, coordinating efforts with marketing, carrier partners, and external brokers
• Manage the financial aspects/controls for AMAI’s policy administration system, this includes both the set-up and on-going support; coordinating across multiple departments and vendors as needed
• Provide guidance/support to the financial operations team, specifically identifying and implementing process efficiencies and controls as needed
• Agency lead/expert on all corporate financial systems; coordinate with AMA finance staff on system changes, training, etc.
• Lead, mentor, and provide management oversight for professional staff; set objectives, evaluate performance, and develop staff
• Identify opportunities for advancing staff skills and expertise
• May include other responsibilities as assigned

Benefits

• Incentive plan
• Equal opportunity employer
• Commitment to diversity in workforce
• Will not discriminate in employment practices due to an applicant’s race, color, religion, sex, age, national origin, sexual orientation, gender identity and veteran or disability status.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed