What are the responsibilities and job description for the Senior Finance Director position at Professional Services Company?
Senior Finance Director
This position reports to the Vice-President of Finance.
This position is remote with occasional travel for in person meetings.
Key Responsibilities:
1. Firm Finance Management
- Serve as the main point of contact for the partners of the assigned member firms and ensure their needs are being met. Facilitate effective communication and coordination between the assigned member firms and other members of finance team (with regards to financial reporting, billing and vendor invoicing, tax, payroll & benefits, and cash management.
- Work closely with other members of finance team to gather and report financial data for member firms and their respective holding companies, ensuring its accuracy, completeness, timeliness, and effectiveness. This includes monthly financial statements, daily/weekly/monthly reporting of KPI’s and other key data.
- Monitor the financial performance of member firms by conducting in-depth financial analysis of monthly financial statements, daily/weekly/monthly KPI’s to identify trends, risks, areas of concern and opportunities, and providing actional insights to address them.
- Together with the managing partner of the assigned member firms, manage the cash flow of the member firms. This includes the calculation and timing of distributions, bonuses and other significant cash flow items.
- With the support of the managing partners of members firms, develop annual budgets and forecasts.
2. Client Billing and Accounts Payable:
- Oversee client billing processes, policies, and procedures for the consolidated group to ensure accurate and timely customer invoicing.
- Coordinate with sales, customer service, and other relevant departments to ensure billing accuracy and resolve any billing discrepancies or issues.
- Monitor billing performance metrics and analyze trends to identify areas for improvement and enhance overall billing efficiency.
- Oversee the accounts payable process for the consolidated group, including vendor invoice processing, payment approvals, and cash disbursements.
- Ensure adherence to payment terms, resolve payment-related inquiries, and maintain positive relationships with vendors.
- Implement improvements to streamline client billing and accounts payable processes and enhance efficiency.
- Supervise the billing and accounts payable team members (currently a team of three).
Qualifications:
- Bachelor's degree in finance, accounting, or a related field; CPA preferred.
- Demonstrated leadership and team-building abilities.
- Excellent communication and interpersonal skills, with the ability to interact effectively with management, external parties and finance team members.
- Flexible team player willing to do what it takes to get the job done; adaptable and enjoys a challenge
- Sound knowledge of financial regulations, compliance, and reporting.
- Prior experience in overseeing client billing and accounts payable.
- Proficiency in Microsoft Office and other office productivity tools, with aptitude to learn new software and systems
Compensation:
- Competitive salary and bonus.
- Comprehensive benefits package.
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