Sr. Director Financial Operations; Hybrid

Chicago, IL

AMA Insurance (AMAI) offers life, health and disability insurance at affordable and exclusive rates to help doctors achieve a healthy and secure financial future. AMAI is part of the American Medical Association (AMA), a nonprofit, and the nation's largest professional Association of physicians. We are a unifying voice and powerful ally for America's physicians, the patients they care for, and the promise of a healthier nation.

To be part of the AMA is to be part of our Mission to promote the art and science of medicine and the betterment of public health.

At AMA, our mission to improve the health of the nation starts with our people. We foster an inclusive, people-first culture where every employee is empowered to perform at their best. Together, we advance meaningful change in health care and the communities we serve.

We encourage and support professional development for our employees, and we are dedicated to social responsibility. We invite you to learn more about us and we look forward to getting to know you.

We have an opportunity at our corporate offices in Chicago for a Sr. Director Financial Operations (Hybrid) on our AMA Insurance team. This is a hybrid position reporting into our Chicago, IL office, requiring 3 days a week in the office.

This role is the Primary Officer and key member of Senior Leadership Team for AMA Insurance Agency, Inc. (AMAI), a subsidiary of the American Medical Association. The position reports directly to the President of AMA Insurance with an indirect reporting relationship to AMA Corporate Finance. Responsible for providing direction and managing AMAI Accounting, Financial Operations, Financial Planning & Analysis, Audits (financial and operational), and State Tax Filings.

This includes all internal controls and ensuring Agency remains compliant with GAAP, state rules & regulations, AMA Corporate Accounting Policies, and Insurance Carrier partner requirements. This position also provides strategic and executive support to the President of AMA Insurance Agency. In addition, the position is responsible for managing multiple aspects of AMAI’s Insurance Carrier relationships, including: ensuring the financial health of Agency insurance products (both pricing and reserving), managing all carrier audits, other requests as required.

• Direct all aspects of AMAI Accounting functions, including Accounts Payable, Carrier Remittances, Accounts Receivable, Capital planning and the month and year-end financial close and all financial functions / controls for AMAI’s policy administration system, includes both initial set-up and on-going support.
• Lead all accounting, reporting, invoicing, and collections processes.
• Ensure that all internal controls are in place and that AMAI remains compliant with GAAP and AMA Corporate Accounting state insurance regulations and Insurance
• Carriers policies, procedures timelines, and guidelines.
• Lead annual financial audit with Deloitte.
• Serve as lead contact point / decision maker for AMA Corporate Finance team.
• Direct all aspects of AMAI Financial Operations, which including receipt and posting of over $200m in premium, comprised of over 1 million individual transactions.
• Manage all invoicing and collections for $5m Med Plus Advantage TPA program.
• Lead and develop relationships with Agency Banking Partners (including other payment processors).
• Identify and solve processing issues and implement enhancements as necessary coordinating with AMAI Technology and Operations departments, outside vendors, and Insurance Carrier partners.
• Lead, perform and / or coordinate all Financial Planning & Analysis forecasting and budgeting activities for AMAI.
• Prepare, analyze and report out monthly…