Director of Financial Analysis

The AAMC and the medical schools, teaching hospitals, academic and professional societies, faculty, residents, and students we represent are committed to improving the nation’s health through medical education, research, and high-quality patient care. We are dedicated to the communities we serve, committed to advancing the public good, and steadfast in our desire to earn and keep the public’s trust for the role we are privileged to play in our society

Summary: Reporting to the CFO, the Director of Financial Analysis will provide budget development, execution and monitoring; financial analysis and forecasting; as well as management and performance reporting.

Responsibilities:

Budget Development, Execution and Monitoring

• Coordinates the preparation and implementation of the AAMC’s annual operating, capital and restricted funds budgets.


• Prepares multi-year revenue and expense projections for each program, service and activity.


• 
  

  Monitors the annual operating budget and prepares budget vs. actual reports and narrative analysis for each organizational cluster and assists program managers in determining explanations of variances.

  
  


• 
  

  Maintains and reports on spending against the AAMC Contingency Account.

  
  


• 
  

  Serves as the principal staff resource to and a member of the AMMC Budget Committee.

  
  


• 
  

  Works in partnership with the Human Resources staff to develop and maintain a Position Control System for the AAMC.

  
  

 Financial Analysis and Forecasting

• 
  

  Develops financial analysis and forecasting models to assess current and planned programs, services, products and activities.

  
  


• 
  

  Assists in the preparation of the financial data supporting long range and strategic plans.

  
  


• 
  

  Prepares ad hoc financial analyses as required.

  
  

 Management and Performance Reporting

• Works with the in partnership with the AAMC Controller to develop and maintain a program cost accounting system.


• Prepares business and financial analyses to assess the financial feasibility of new programs and services

• Works in partnership with the AAMC Controller to prepare and monitor financial and operating performance metrics and benchmark comparisons.


• Assists the CFO in the preparation of reports and presentations to the AAMC Board of Directors and its Finance and Investment Committee.

Job Requirements

• Bachelor’s degree in accounting, finance or business related field plus a minimum of 10 years relevant work experience, or a Masters of Business Administration degree in accounting, finance, operations management or other business related field plus a minimum of 5 years of relevant work experience. Experience in a non-profit organization with significant program service revenue preferred.
  Experience in the practical application of sophisticated financial analysis techniques.


• Experience in the development and implementation of financial systems including budget and cost accounting modules.


• Superior knowledge and understanding of non-profit accounting principles and budget practices.


• Excellent written and oral communications skills.


• Ability to work independently under tight deadlines.


• Advanced proficiency in Microsoft Office products with emphasis on Excel, Access and PowerPoint.


• Exceptional interpersonal skills and the demonstrated ability to interact effectively at all levels.


• Works as an effective team player.


• A proponent of and strong advocate for the delivery of excellent service to internal and external customers.

The Association of American Medical Colleges is an Affirmative Action/Equal Employment Opportunity Employer.