At AMGA (American Medical Group Association®), we’re leading the transformation of healthcare in America because we believe in the power of healthier communities. By working alongside top professionals in our field and acting as their voice in the public sphere, we’re paving the way for medical groups and integrated systems of care to deliver the next level of high-performance health.
Together, we’re more than just an association, we’re a community of leaders. AMGA, our members and our corporate partners form a team dedicated to dramatically improving population health and care for patients at lower costs.
More than 175,000 physicians practice in our member organizations, delivering care to one in three Americans. Representing many of the nation’s most prestigious integrated systems of care, we have the insight and expertise to truly advance the way patients experience healthcare. The AMGA Family consists of several entities that deliver value to member medical groups, including AMGA Foundation (501c3 non-profit) and AMGA Consulting, LLC.
American Medical Group Association (AMGA) is seeking a Chief Financial Officer (CFO). The CFO is responsible for all financial operations of AMGA and its subsidiaries. This includes financial reporting, financial planning, budgeting, forecasting, tax compliance, retirement plan compliance, oversight of overall accounting function and internal controls. In addition, the CFO oversees human resource benefit functions, payroll functions, and building maintenance.
The Chief Financial Officer reports directly to the President and CEO and is a critical member of the senior leadership team. The CFO provides executive leadership for the executive team and the AMGA Board for all fiscal and fiduciary responsibilities. The CFO is a strategic partner and demonstrates commitment to the organization’s mission and vision. This position also is responsible for leading and managing the Finance Department. This position is primarily in-office but some hybrid work could be considered.
Responsibilities: Financial reporting for AMGA, AMGA Foundation, & AMGA Consulting, LLC, to include: • Monthly and year-end financial statements • Financial projections • Monthly actual and budget comparisons • Annual audited financial statements • Reporting to appropriate Treasurer and boards for all entities. • Cash flow reporting such as low cash balances or investment timing.
Attendance at Board meetings for presentation of financial statements and other financial data. Preparation of materials for Board book.
Month-end close of accounting records including all components of accounting system to include: • General ledger • Accounts receivable • Accounts payable • Deferred revenue • Payroll • Fixed assets • All other schedules as required to support financial audit and oversight
All federal and state tax reporting for the above referenced companies including: • Federal and state tax forms including Form 990, 990-T, 1065, etc. • Financial and tax planning which incorporates monthly monitoring financial performance and forecasts against budget • Maintenance of tax reporting system for unrelated business income taxes and monitoring tax compliance of various non-UBIT issues such as non-deductibility of dues attributable to lobbying activities • State sales tax compliance • Oversight of charitable organization state registrations
Oversight of specific aspects of the Human Resource functions including: • Payroll and payroll filings, including all federal and state filing requirements • Benefit plan features and selection of providers, oversight of benefit administration and payroll deductions • Retirement plan compliance, determination of employee eligibility, periodic plan contributions for employee withholdings and quarterly retirement contribution, completion of annual census and coordination of annual requirements with the retirement plan administration company, review and filing of annual tax return Form 5500 • Deferred compensation plan administration for executive level staff including compliance with annual elections, determination of vesting provisions, annual contributions and payouts • Vacation and sick leave balance calculations and end of year payout of vacation leave if applicable • Salary increases and new hire salaries • Periodic review of Employee Handbook
Oversight and establishment of internal controls and procedures
Coordination and preparation of annual budgets for the above referenced companies, which includes: • Fiscal budget • Cash flow as required • Capital budget
Building Management • Oversight of facilities and building maintenance company • Responsible for security system, coding of employees for access, responding to security notifications, etc. • Employee parking for both onsite and offsite locations • Preparation of the annual building operations budget
Other Responsibilities • Oversight of cash management and maintenance of banking relationships. • Contract review and negotiation and liaison with legal firm • Monitoring of AMGA debt and investment portfolio. Annual performance report to board • Continuing enhancement of automated accounting systems including Quickbooks and Nimble (Salesforce-based AMS) as it relates to accounting functions • Performance of special project work as necessary such as economic modeling for Membership Task Force, review and analysis of various vendor proposals for Value-Added Service Programs • Tracking of membership and industry partner dues receipts and non-payment • Tracking of charitable donations, research grants, program sponsorships, and other funding sources
AMGA offers a comprehensive benefits package includes health, dental, vision plans and 401(k) retirement plan, paid holidays, and generous paid time-off. AMGA’s HQ Office is located in Old Town Alexandria, Virginia.
Qualifications: • Bachelor’s Degree with Accounting focus required • CPA required • 8-10 years’ experience in not-for-profit accounting, and /or auditing; of which at least 5-7 years must be in a management capacity. Public accounting firm experience preferred with a focus on not-for-profit clientele. • Knowledge of Generally Accepted Accounting Principles (GAAP) for non-profit organizations including trade associations, charitable organizations, Single Audit, Federal Indirect Rate process • Must have specific, demonstrated expertise in one or more of the following areas: not-for-profit tax, contract and grant accounting, indirect rate administration. • Proficiency with Microsoft programs such as Excel, Word, PowerPoint required • QuickBooks (or current accounting package) - preferred • Knowledge of Salesforce (Nimble AMS) or other similar CRM Software preferred • Highly developed interpersonal, oral, and written communication skills; and • The ability to interface with staff, BODs, and external relationships in a professional manner • Attention to detail, accurate, able to prioritize, strong work ethic, able to communicate clearly
AMGA is a trade association leading the transformation of health care in America. Representing multispecialty medical groups and integrated systems of care, we advocate, educate, and empower our members to deliver the next level of high performance health. AMGA is the national voice promoting awareness of our members’ recognized excellence in the delivery of coordinated, high-quality, high-value care. More than 170,000 physicians practice in our member organizations, delivering care to one in three Americans. For more information, visit amga.org