The Director of Finance is a full time position responsible for effective direction, management and leadership to the Association and its related entities in the areas of finance, accounting, tax, business and HR strategy. The Director of Finance is also responsible for providing strategic leadership in concert with the Executive Director for the organization by establishing effective long-range financial goals, strategies, plans, policies and procedures.
Duties and Responsibilities
The Director of Finance’s primary responsibilities include:
Plans, directs and evaluates the Association’s financial planning, accounting practices, and financial reporting. Must align financial policies and procedures with Association’s goals and objectives.
Identifies and evaluates strategic business opportunities to enhance the Association’s revenue, stability, services and stature. Provides financial input and leadership on issues affecting the Association. Develops financial models, analyses and other appropriate tools to support recommendations with fact based decision logic.
Participates in the development of the Association’s plans and programs as a strategic partner/leader.
Prepares the Association’s annual capital, cash flow and operating budgets and forecasts; actively monitors performance against budget and provides leadership in recommending adjustments when programs don’t perform according to budget; maximizes the effective and efficient use of financial resources.
Prepares, reviews and approves finalization of monthly and annual financial reports and metrics for Treasurer, Staff, Committees and the Council.
Oversees and directs treasury, audit, tax, accounting, investing, qualified saving plans and insurance activities.
Optimizes relations with banks, investment firms and other financial institutions.
Initiates appropriate cash management and short-term investments strategies.
Enhances long-term investment management strategies in conjunction with Treasurer, Finance Committee, Council and investment advisors. Works with investment advisors in reviewing and updating the investment policy statement and recommending changes to investments when needed
Manages Payroll, Employee Benefits management, including administration of Retirement and Health plans.
Works with auditors to prepare federal and state tax reporting including the preparation of all 990s.
Works with legal counsel to prepare state annual filing and reports.
Directs all aspects of the various audits of the enterprise, including timely completion of confirmations, schedules and supporting records and documentation.
Responsible for Association’s risk management functions, assuring a proper level of comprehensive, cost-effective coverages.
Serves as chief staff liaison to the Treasurer and Finance Committee; prepares necessary materials and makes presentations on financial and operational results.
Assists in contract negotiations with vendors and corporate development partners.
Prepares, updates and maintains the compendium of AATS financial policies.
Supervise and assess capacity and responsibilities of the accounting staff.
Perform other duties as assigned.
Bachelor’s degree in Finance, Accounting, Business, Management. CPA required.
Experience in 501(c)(3), 501(c)(6), and/or non-profit organizations a must.
At least 6-8 years of professional experience in financial management and accounting of a $5 million to $10 million organization (preference given to nonprofit experience).
Demonstrated success in reducing expenses and growing revenue.
An ability to look behind the numbers and articulate what is happening with a program or service.
Experience should include legal, audit, compliance, budget, HR and resource
A strategic visionary with sound technical skills, analytical ability, good judgment and strong operational focus.
Demonstrated resourcefulness in setting priorities, proposing new ways of creating efficiencies, and guiding investment in people and systems
Energetic, forward-thinking and creative individual with high ethical standards and appropriate professional image.
Self-starter and excellent time manager able to multi-task and prioritize while also being highly detail
Ability to operate well in an informal environment that values a good deal of independence; with minimal financial staff.
Travel at least five times annually required.
The candidate selected must be willing to relocate/ commute to the North Shore of Boston.
About American Association for Thoracic Surgery
The American Association for Thoracic Surgery is an international organization of over 1,300 of the world's foremost cardiothoracic surgeons representing 41 countries. Founded in 1917, its members have a proven record of distinction within the specialty and have made significant contributions to the care and treatment of cardiothoracic disease throughout the world.
The mission of the AATS has evolved since its founding a 100 years ago to its present goal to Promote Scholarship, Innovation, and Leadership in Thoracic and Cardiovascular Surgery. Its leadership and its members aspire to emulate the motto: "A Century of Modeling Excellence" while holding to the AATS core values of Leadership, Education, Research and Innovation, Excellence in Patient Care, and Mentoring.