22 Director of Finance Jobs in Philadelphia, PA
Optimyl Benefits is Hiring a Director of Finance Near Philadelphia, PA
Job Description
Let's change healthcare together!
At Optimyl Benefits, we're revolutionizing the healthcare landscape for small employers by providing accessible, high-quality, and easy-to-use healthcare plans. Drawing from deep experience working with small employers, Optimyl delivers plans crafted specifically for them, finding the "Optimyl" Balance. Our mission is ambitious, and we're already making waves. Through our innovative solutions, we empower businesses to offer competitive benefits packages that improve the lives of their employees and their families. By joining our team, you'll have the opportunity to make a tangible impact while honing your skills alongside a supportive and talented group of professionals.
Job Summary
The Director of Finance, reporting directly to the CFO, will be responsible for overseeing the financial operations of the company, including financial planning and analysis (FP&A), financial reporting, managing relationships with external accounting firms, and ensuring the accuracy and timeliness of financial statements. This role will directly manage a small internal team responsible for general accounting, accounts receivable (AR), and accounts payable (AP), as well as overseeing external resources for core accounting close functions and tax compliance.
Core Responsibilities:
Financial Planning and Analysis (FP&A)
- Develop and implement financial forecasting models, budgets, and long-term strategic plans to support the company's growth objectives.
- Analyze financial data and operational trends to identify opportunities and risks, and make recommendations to senior management.
- Collaborate with department leaders to establish financial targets and monitor performance against those targets.
Financial Reporting
- Oversee the preparation and analysis of monthly, quarterly, and annual financial statements, ensuring accuracy and compliance with GAAP and other relevant regulations.
- Prepare monthly reporting for key external partners through the transformation of operational data into requested financial formats, tying out to cash reconciliations.
- Provide financial insights and analysis to support decision-making and drive strategic initiatives.
External Accounting Firm Management
- Manage relationships with external accounting firms responsible for completing the monthly close process, audits, and other specialized financial projects.
- Coordinate with external firms to ensure timely and accurate financial reporting and compliance with regulatory requirements.
- Review and approve journal entries, reconciliations, and other accounting records prepared by external firms.
Variance Analysis
- Conduct thorough variance analyses to identify and explain discrepancies between actual and budgeted financial results.
- Collaborate with department leaders to address identified variances and implement corrective actions as needed.
- Provide regular updates to senior management on variance analysis results and recommendations.
Vendor Management
- Calculate and process invoices to pay vendors, ensuring accuracy and compliance with company policies and procedures.
- Track and pay internal and external vendors, managing relationships to ensure timely payments and optimal service levels.
- Implement and maintain a vendor management system to streamline processes and improve efficiency.
General Accounting, AR, and AP Management
- Oversee a small internal team responsible for managing general Accounts Receivable, Accounts Payable, and Payroll processing.
- Implement and enforce internal controls and procedures to maintain the integrity of financial records and safeguard company assets.
Basic Tax Compliance
- Oversee basic tax compliance functions, including assisting with an external team in the preparation and filing of federal, state, and local tax returns.
- Ensure compliance with applicable tax laws and regulations and maintain accurate records for tax reporting purposes.
- Collaborate with external tax professionals as needed for specialized tax projects and consulting.
Qualifications:
- Bachelor's degree in Finance, Accounting, or a related field; MBA and/or CPA related advanced degree preferred.
- Minimum of 5-7 years of progressive finance and accounting experience, including management experience in a fast-paced, dynamic environment.
- Strong understanding of financial planning, analysis, and reporting principles.
- Experience working with external accounting firms and managing the monthly close process.
- Proficiency in financial modeling, budgeting, and forecasting techniques.
- Excellent leadership, communication, and interpersonal skills.
- Ability to work independently and manage multiple projects simultaneously.
- Proficiency in financial software and systems, including ERP, financial modeling, and reporting tools.
- CPA or CMA certification preferred.
Why Work at Optimyl?
At Optimyl Benefits, we're committed to providing affordable, high-quality, and easy-to-use healthcare plans for small employers. We're passionate about making a difference, and we're looking for talented individuals who share our vision. Here's why you should consider joining our team:
Competitive Pay and Benefits : We offer a competitive salary and an attractive benefits package, including life insurance, vision, dental, and medical coverage, as well as a 401K plan with employer matching.
Opportunities to Grow : We believe in nurturing talent and supporting our team members' professional development. At Optimyl, you'll have the chance to grow with the company and make a lasting impact on our mission.
Collaborative Culture : Our work environment encourages collaboration and open communication. We value every team member's input and strive to create a culture without undue hierarchy, where everyone's voice is heard.
Location Flexibility : We understand the importance of work-life balance and offer location flexibility to accommodate our team members' needs and preferences.
Generous Leave Policies : Our employees enjoy 11 paid holidays per year, 15 days of paid vacation, and 8 days of paid sick leave. We believe that providing ample time off is essential for maintaining productivity and overall well-being.
At Optimyl Benefits, you'll be part of a dedicated team working towards a meaningful mission. We're driven by our passion for providing accessible and top-quality healthcare plans, and we're always on the lookout for talented individuals who share our vision. If you're ready to make a difference and grow with us, we'd love to have you on our team!
Optimyl Benefits is an equal opportunity employer. We are committed to creating a diverse and inclusive work environment, and we welcome and encourage applicants from all backgrounds, regardless of race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected by applicable law.
Job Summary
Full Time
$180k-244k (estimate)
05/02/2024
05/15/2024
The following is the career advancement route for Director of Finance positions, which can be used as a reference in future career path planning. As a Director of Finance, it can be promoted into senior positions as a Top Division Financial Executive that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Director of Finance. You can explore the career advancement for a Director of Finance below and select your interested title to get hiring information.
If you are interested in becoming a Director Finance, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Director Finance for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Director Finance job description and responsibilities
They create and maintain an organisation's financial strategy for generating revenue and oversee the accounting and finance operations.
03/24/2022: Daytona Beach, FL
Develop the corporate fundraising strategy and manage relationships with partners and investors.
04/19/2022: Twin Falls, ID
preparing reports for management on the company’s financial status to make important decisions about future investments or budgets accordingly..
03/30/2022: Schenectady, NY
Set targets for and supervise all accounting and finance personnel (management accountants, internal auditors etc.).
03/16/2022: Anderson, IN
FinaRetain constant awareness of the company’s financial position and act to prevent problems.
03/31/2022: Shreveport, LA
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Director Finance jobs
Strategic and analytical skills.
03/19/2022: Wilmington, NC
Outstanding communication and interpersonal abilities.
05/04/2022: Albany, GA
Excellent organizational and leadership skills.
03/13/2022: Raleigh, NC
Keep communication open and honest.
02/22/2022: Rock Hill, SC
Expand critical thinking skills.
04/27/2022: Cincinnati, OH
Step 3: View the best colleges and universities for Director Finance.
