In this newly created position as Chief Financial Officer at Association for the Advancement of Medical Instrumentation (AAMI), you will report directly to the president/CEO and manage the entire financial portfolio for our organization: $16 million annual revenue and $16 million in reserves. Working with an engaged president/CEO, you will be responsible for developing and analyzing business operations models, non-dues revenue models and operation efficiencies and gaps. You will provide analytical and critical information that can be used to evaluate our effectiveness and drive informed decisions about our future from a financial and operational standpoint. Your success in this role will result from your ability to see the big picture, analyze the impact of initiatives and successfully transition accounting inhouse from our vendor.
Your role is to inform leadership about financial impacts, based on your trend and risk/benefit analyses, ensuring that the organization aligns its resources toward the right initiatives. Stakeholders will see you as approachable, visible, engaged, and credible. You will be supported by an internal team and an outsourced vendor.
AAMI is a unique alliance of 8,000 members from around the world united by one critical mission: increasing the understanding and beneficial use of healthcare technology. We consistently develop new products specifically around new standards and stakeholder needs. AAMI members improve medical device safety through the development and use of AAMI standards, professional certification, education, summits, and other technical resources. Industry, healthcare facilities, government agencies, and others rely on AAMI to disseminate high-quality, objective information that helps to make technology used in the care and treatment of patients safer and more effective.
Responsibilities of the Chief Financial Officer
Expertly manage the budget according to the strategic plan. Provide reports and measurement tools to assess progress toward meeting organizational goals.
Provide guidance to the executive leadership team and the board. Work closely with the board and provide presentations as needed.
Ensure that appropriate and effective financial control systems are in place; safeguard financial and non-financial assets.
Develop and implement policies and procedures to ensure continued compliance with all laws, regulations, and standards.
Monitor risk management policies and procedures to ensure that organizational risks are minimized.
Work with budget managers in development and oversight of budget and projection processes throughout the year. Review budgets periodically for errors, overlaps, and redundancies.
Collaborate with budget managers to create the necessary tools and enhanced reporting functions that produce data to make sound financial decisions which correspond with the budget and strategic goals for the budget year.
Lead and mentor staff. Direct financial strategy, planning, and forecasts.
Coordinate and lead the annual year-end financial reporting and management review/audit process; serve as principal liaison with external auditors, Finance Committee and Investment Committee.
Work with the executive leadership to establish systems that accept other currencies and support the expansion of our international work.
Oversee and act as a liaison to the investment firm to monitor managed portfolio of investments.
Qualifications of the Chief Financial Officer
Bachelor’s degree required; MBA preferred.
Minimum of 10 years with progressively responsible experience in the accounting/finance field.
Experience evaluating financial implications of new business and growth opportunities (including financial forecasting and modeling, calculating return on investment, etc.). Experience with mergers and acquisitions is a plus.
Skilled in analyzing complex financial information and using it effectively to inform the organization’s decision-making process.
Strong communication skills; ability to interact effectively with executive leadership, budget managers and boards, as well as with other professionals related to the organization.
Proficient with Intacct, Nexonia, Bill.com (and/or other financial management software); thorough understanding of database systems.
Knowledge of association management software systems is a plus.
Attributes of the Chief Financial Officer
Strategic and entrepreneurial. You are fluent in the language of business and accounting and you understand the unique needs and goals of a mission-driven, not-for-profit organization. You understand how to wisely manage costs while driving revenue growth. You carefully balance the need for innovation with responsible financial practices. You run the numbers multiple ways and are an effective forecaster.
Strong leader. You are skilled at coaching, mentoring, and developing your staff into a well-functioning team. You are not afraid to dive into the weeds to understand the details of financial operations so that you can best guide your team.
Supportive. You value the work of your colleagues and you take delight in supporting each of them to be most effective in their roles. You graciously share your expertise to help the team be successful. You recognize that people have different strengths and you appreciate how a team comes together as a cohesive unit.
Clear communicator. You communicate clearly and succinctly, simplifying complex data into easily understandable language that less-financially savvy colleagues can relate to.
Transparent. You are open and honest. You know how and when to ask leadership for support with important issues and you disclose the information your partners need to work through potential solutions with you.
What’s Attractive to the Right Chief Financial Officer Candidate?
You will like who you work with – a supportive, respectful, collegial team of passionate and committed colleagues. Your work will be appreciated, and you will be joining a collaborative, high-growth culture where innovation and ideas are welcomed.
You will have the support of a stable organization with resources. AAMI was founded 52 years ago and has a solid reputation throughout the national and international healthcare technology community.
We offer an excellent compensation package including health, dental, and life insurance; long-term and short-term disability; 401(k); education reimbursement; 10 paid holidays; 3 weeks of vacation the first year; and more.
AAMI offers a unique and generous incentive/bonus program whereby a staff member can earn a percentage of his or her salary each year by meeting specific annual goals above and beyond routine job responsibilities.
To Apply for the Chief Financial Officer position:
Simply email your resume to Aileen Hedden at email@example.com with “AAMI - CFO #2019-2495 ASAE” as the subject of the email. Please include your resume as a Word or PDF attachment to the email and paste your cover letter in the body of your email.
Staffing Advisors has been engaged to find the right candidate and is committed to helping create a diverse work environment for our client. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status, or any other basis protected by law. This position may require pre-employment screening potentially including a criminal background check, verification of academic credentials, licenses, certifications, and/or verification of work history.