Vice President (VP) of Finance

POSITION DESCRIPTION

DEPARTMENT: Accounting

SUPERVISED BY: Executive Director

STATUS: Salaried, Exempt

LAST REVISED ON: April 2024

General Purpose:

Responsible for overseeing financial operations, budgeting, forecasting, and financial reporting. Accountable for strategic financial guidance to support business operations of the Michigan Dental Association and related entities, including the for-profit subsidiary, MDA Health Plan, MDA Foundation, and Dental PAC. Establishes, documents, and maintains financial policies and procedures to mitigate risk; ensures efficient, effective, and up-to-date accounting operations; leads development of annual budgets; produces timely and accurate financial reports and unqualified audit reports. Files all required tax and financial reports. Manages banking and investment advisors within established policy. Ensures compliance with generally accepted accounting principles, tax, and state/federal regulations. Serves as an advisor for the organization’s staff and boards on financial matters. Key liaison to entity treasurers and financial committees. Supervises accounting and central services staff. Strong leadership, analytical skills, and a deep understanding of financial principles are essential for this role.

Essential Job Functions*

Planning

· Collaborate in formulating strategic and business plans as content area expert in finance, ensuring all financial activities are in alignment with the plan

· Develop financial and tax strategies

· Develop performance measures and monitoring systems to support strategy

· Monitor internal and external trends; anticipate potential impacts on the association and recommend action to ensure short and long-term financial health

· Maintain and monitor plan for building management, anticipate and budget for repair or replacement of building components, systems, equipment, and furnishings

· Manage the capital request and budgeting processes

Accounting

• Preparation of House of Delegate reports annually
• Reviews and approves all monthly reconciliations completed by the Finance Manager
• Final review of all audit documentation for annual external audit and oversee the overall audit process
• Review, approval, and filing of annual 990 and any other tax documents
• Monitors status and effectiveness of internal control processes
• Maintains cursory knowledge of all accounting processes and tasks
• Oversight and review of payroll submissions
• Finance department liaison to program service departments, as assigned
• Monthly Donated Dental FSR approvals in eGrams
• Back up to Finance Manager
• Develop and manage accounting policies and practices
• Establish accounting standards and practices
• Direct the preparation of accounting and financial reports and analyses
• Establish, administer and review the financial internal control system
• Manage all aspects of the bookkeeping functions including Accounts Payable/ Accounts Receivable/General Ledger/Bank Reconciliation and Collection for the MDA and all related entities
• Oversee funding, including monitoring cash balances and forecasts, arranging for financing, and managing investments
• Manage the budget preparation process
• Administer the employee benefits programs
• Ensure appropriate volunteer oversight of finances and report key performance indicators on quarterly or annual basis
• Review, approve, and produce monthly, quarterly and annual financial reports for MDA and its subsidiaries
• Manage all accounting department service providers

Operations

· Participate in the executive management team

· Manage the accounting and supervise accounting department staff

Secondary Accountabilities*

· Oversees special projects as assigned by the Executive Director

· Performs duties and responsibilities to related entities as directed by the Executive Director

Qualifications:

• General Educational/Experiential Development
• Master's degree in accounting or business administration, or equivalent business experience and 10 years of progressively responsible experience for a major company or division of a large corporation.
• MBA in Finance and CPA preferred
• Previous experience in nonprofit financial management preferred, but not required
• Educational/Experiential Development
• Expertise in accounting and financial management
• Demonstrated leadership ability
• Strong verbal and written communication skills
• Strong analytical and process management skills
• Experience in working effectively with a board of directors
• Previous supervisory experience, ability to manage and measure work
• Expertise in third-party benefits plan administration
• Effective interpersonal relationship skills

Comments:

· This position is salaried and no overtime pay is provided. Additional work hours are expected to complete projects/requests in a timely manner may require overtime, for example during annual session.

· The employee in this position may be required to spend some time performing duties and responsibilities related to MDA subsidiary functions and activities.

· The above statements should not be construed as an exhaustive list of all duties that may be performed of the individual in this position. Other duties may be assigned as necessary.

· The individual in this position will periodically be required to lift and move heavy objects.

· An Asterisk (*) denotes duties or responsibilities judged to be “essential functions” in terms of the Americans with Disabilities Act or ADA.

· The Privacy Rules place certain restrictions on the acquisition, use and disclosure of Protected Health Information (PHI). Further, under the rules and agreements signed by Michigan Dental Association with the Health Insurance Marketplaces, and in accordance with federal regulations, the Michigan Dental Association must also protect Personally-Identifiable Information (PII) that we may receive, use, transmit, or store about any client or prospect who may purchase health insurance coverage through the Health Insurance Marketplaces, whether federally-facilitated, in a state partnership or state-operated. This policy applies to all Michigan Dental Association employees, which is defined for the purposes of this document to be employees of all current and future subsidiaries of the Company.

*

Job Type: Full-time

Pay: From $120,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Disability insurance
• Employee assistance program
• Flexible schedule
• Health insurance
• Life insurance
• Paid time off
• Professional development assistance
• Vision insurance

Experience level:

• 10 years

Ability to Relocate:

• Okemos, MI 48864: Relocate before starting work (Required)

Work Location: Hybrid remote in Okemos, MI 48864