Director of Finance at AMERICAS ESSENTIAL HOSPITALS – Washington, District of Columbia

ABOUT THE ORGANIZATION America's Essential Hospitals is the leading association and champion for hospitals dedicated to high-quality care for all, including those who face social and financial barriers to care. Since 1981, America's Essential Hospitals has advanced policies and programs that promote health and access to health care. We support our more than 350 members with advocacy, policy development, research, education, and leadership development. Communities depend on essential hospitals for care across the continuum, health care workforce training, research, public health, and other services. Supported by Essential Hospitals Institute, the association's research and education arm, essential hospitals innovate and adapt to lead all of health care toward better outcomes and value. Our full-time employees enjoy numerous benefits to include access to a variety of affordable health, dental and vision plans for themselves and their families, as well as company paid life and disability insurance that begins the first of the month following date of hire. AEH offers the opportunity to participate in flexible spending accounts as well as save for retirement with a 401k program that includes a match and access annual discretionary profit-sharing contributions after 90 days of employment. AEH offers a 35-hour per week hybrid schedule, time off plans that start at two weeks of vacation plus 13 sick days, paid holidays, and paid parental leave. In addition, we provide a monthly transportation and/ or wellness benefit, monthly technology stipend, new hire home office stipend, and access to free resources through the employee assistance program.

DESCRIPTION

Position Summary:

The Director of Finance works closely with the association’s CFO and Finance team, and this role is positioned as a potential succession pathway to CFO over the next few years. To ensure a seamless transition as directed by business need, the Director of Finance will progressively assume responsibility for the association’s financial strategy, operations, and reporting functions while developing deep knowledge of the organization’s financial structure, governing committees and Board, and strategic priorities.

The Director of Finance will lead the financial operations for America’s Essential Hospitals, develop and implement financial strategies, manage the budget, oversee accounting and financial reporting, ensure audit readiness, administer grants, develop accounting policies and procedures, and supervise the finance team. The Director of Finance enjoys a hybrid schedule, coming to the office on Tuesdays and as needed for internal and external meetings, events, or projects.

This is an excellent opportunity for a licensed finance leader who is seeking eventual future advancement to a CFO role. The projected salary range for the Director of Finance is $185,000-$200,000 per year.

PRINCIPAL DUTIES AND RESPONSIBILITIES OF THE DIRECTOR OF FINANCE*:

*Below is a summary, not an inclusive list of all responsibilities

Financial Management Oversight:

• Provide financial analysis and insights to support executive decision-making.
• Ensure timely preparation of monthly, quarterly, and annual financial statements.
• Prepare internal and external financial reports.
• Analyze financial trends and recommend changes as appropriate.
• Prepare budget projections, analyze variances, and meet with department managers to provide guidance and training.
• Develop financial reports and dashboards.
• Oversee internal controls, update policies and procedures, and implement improvements.

Payroll, Audit and Tax:

• Prepare and review IRS Form 990 tax schedules filings.
• Plan for and review audit schedules for accuracy and integrity.
• Prepare audited financial statements and footnotes.
• Respond to audit questions and ensure adherence to policies.

Grant Accounting and Administration:

• Calculate the organization’s indirect cost rate and apply for approval with federal agencies, if necessary.
• Prepare grant budgets and manage all grant accounting and reporting within funder’s timelines.
• Ensure grant compliance with approved budgets and funder requirements.

Department & Team Supervision:

• Lead and develop the finance team
• Recruit, hire, train and coach team members.
• Represent the finance department in internal and external meetings.

Leadership Development for Transition:

• Work alongside the current CFO to gain full visibility into financial processes, governance, and external relationships.
• Serve as a strategic advisor to the CFO and Board on financial planning, sustainability, and organizational growth.
• Manage financial risk assessment and mitigation strategies.
• Develop and manage the annual operating budget in collaboration with department leaders.
• Prepare 3-year organizational forecasts and present to Finance committees and Board.
• Prepare financial modeling for new initiatives, programs, and revenue streams.
• Prepare meeting materials for the board(s) Investment, Audit and Compliance and Finance committees.
• Partner with the head of Human Resources on preparing meeting materials for the Compensation Committee of the board.
• Assist current CFO with investment strategy and reserve management.

MINIMUM EDUCATION & EXPERIENCE FOR THE DIRECTOR OF FINANCE:

• Bachelor’s degree in accounting or related field; CPA required.
• A minimum of 10 years of progressive financial and personnel management experience, preferably in associations and non-profit organizations.
• A minimum of 5 years of experience in a senior leadership role such as Controller, Director of Finance or Vice President of Finance.
• Strong expertise in financial planning, management, compliance, reporting and risk management.
• Demonstrated experience working with executive leadership and boards.
• Experience with grants administration, reporting, and compliance, including indirect and fringe costs.
• Proficiency in financial software and systems.

TECHINCIAL SKILLS FOR THE DIRECTOR OF FINANCE:

• Knowledge of non-profit financial standards, internal controls, and compliance/ legal requirements.
• Experience supporting audits and maintaining strong governance practices.
• Understanding of membership revenue models.
• Proven experience overseeing financial systems.

ESSENTIAL CHARACTERISTICS FOR THE DIRECTOR OF FINANCE:

• Strategic financial leadership supporting program growth, membership initiatives, and revenue diversification.
• Ability to advise executive leadership and the Board on long-term financial strategy.
• Ability to partner collaboratively and build trust/ credibility with program, member and board leaders to ensure financial sustainability and manage budget.
• Strong ability to present financial reports and strategic recommendations to the Board and committees.
• Strong interpersonal, organizational, and project management skills.
• Commitment to a collaborative, mission-driven organizational culture.
• Able to live in MD, DC, or VA and commute to the Washington, DC office as needed.
• Ability to travel occasionally (10%)

POSITION REQUIREMENTS

LOCATION Washington, DC

EOE STATEMENT

America's Essential Hospitals is an equal employment opportunity employer and does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other characteristic protected by law.