WHY CHOOSE ECRI?
ECRI is an inspiring place to work. We share a common mission to help healthcare organizations make smart, compassionate, and ethical decisions for patients. Consider these additional benefits of joining the ECRI team:
Industry leadership: We have a long history and proven reputation in patient safety and medical technology research.
On-the-job-learning: You will have the opportunity to work with specialists across medical science, patient care, healthcare management, and technology.
Comprehensive healthcare benefits: We offer medical, dental, vision, life insurance, accidental death and dismemberment, and disability coverage.
Retirement Savings: Our employees can participate in an employer-matching 403(b) Retirement Savings Plan.
Additional benefits: ECRI offers additional benefits to our employees, including paid time off and holiday pay, paid leave for parents, tuition assistance, employee assistance program, access to LinkedIn Learning, and other voluntary benefit programs (e.g. accident insurance, identify theft insurance, flexible spending accounts).
Volunteer Program: ECRI Cares, our employee volunteer program, provides a framework for us to work together and make a difference in the lives of others. All employees are provided 16 hours annually of paid time to volunteer at preapproved ECRI Cares charities during normal business hours.
ABOUT ECRI
At ECRI, our passion for safe, effective, and efficient care is ingrained into the fabric of who we are and why we are here. For more than 50 years, the people of ECRI have been unyielding in their work to protect patients from unsafe and ineffective medical technologies and practices. Now, with the acquisition of the Institute for Safe Medication Practices (ISMP), we have created one of the largest healthcare quality and safety entities in the world.
As a non-profit, independent organization, we utilize an unbiased, evidence-based approach to develop guidance, and maintain our principles of integrity and transparent work. Our ethical standards have led us to adopt the industry's strictest conflict-of-interest policies, and they are why tens of thousands of healthcare leaders worldwide rely on ECRI to guide their clinical, operational, and strategic decisions across all sites of care.
The Most Trusted Voice in Healthcare
ECRI is proud to serve the healthcare industry, from providers and insurers to government agencies, and medical associations. Our areas of focus include:
Patient Safety: empowering leaders to eliminate patient harm through the dissemination of best practices, guidance, benchmarking, and recommendations.
Evidence-Based Medicine: providing clinical evidence to inform and support decisions on the effectiveness of medical technologies, procedures, genetic tests, and clinical practice guidelines.
Technology Decision Support: arming hospital systems with unbiased insights, so they can optimize their supply chain.
ECRI is the only organization worldwide to conduct independent medical device evaluations, with labs located in North America and Asia Pacific. ECRI is designated an Evidence-based Practice Center by the U.S. Agency for Healthcare Research and Quality and a federally certified Patient Safety Organization by the U.S. Department of Health and Human Services.
At ECRI, our passion for the truth drives us to go further and dig deeper in our pursuit to advance effective, evidence-based healthcare globally.
The success of our organization relies on the kind of creative thinking that can only result from a diverse team of individuals. ECRI is proud to be an employer of choice with an inclusive environment for all employees. As part of this goal and in compliance with various laws and regulations, ECRI provides reasonable accommodation to applicants and employees.
It's what makes ECRI unique, and why we are the most trusted voice in healthcare.
POSITION SUMMARY
Be the key strategic partner for the CEO and the Board of Trustees (BoT) to ensure the long-term financial viability of the organization. Collaborate closely with the Senior Leadership Team (SLT) to drive the commercial success and operational efficiency of the organization through financial management of ECRI; develop, implement, supervise, monitor, evaluate, and optimize financial plans, policies, and accounting procedures; manage relationships with lending institutions, creditors, and the financial community; direct and monitor cash management, budgeting, auditing, governmental regulatory filings, accounting, purchasing, and insurance activities. Prepare the strategic financial decisions making of the BoT for the organizations $ 50 million investment portfolio. Provide financial oversight of the international businesses as well as the various for profit and non-profit subsidiaries of ECRI. Support and participate in meetings and activities of the Senior Leadership Team (SLT), Board, Finance Committee, Audit & Compliance Committee, and various operating committees. Be a change agent who values diversity of thought and experience and provides valuable broad business experience.
ESSENTIAL FUNCTIONS
Reasonable Accommodation Statement:
To accomplish this job successfully, an individual must be able to perform, with or without reasonable accommodation, each essential function satisfactorily. Reasonable accommodations may be made to help enable qualified individuals with disabilities to perform the essential functions.
Essential Functions:
Partner with the Senior Leadership Team (SLT) to set the organizational strategy in line with the mission. Partner with colleagues in determining appropriate investment and trade-off decisions to enable short- and long-term success and viability of the organization.
Ensure accurate financial reports and statements in conformity with Generally Accepted Accounting Principles.
Be responsible for financial management and planning for the organization.
Develop and recommend financial goals and action plans to achieve them; effectively present them to the SLT and President for approval; implement approved action plans; monitor and report actual performance compared to such plans and goals.
Actively participate as a member of the following committees:
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Senior Leadership Team
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403(b) Retirement Savings Plan Committee (a); serve as Plan Administrator
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Employee Benefits Plan Committee (a)
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Investment Program Committee (a)
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COI Review Committee
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Duties include: schedule meetings, issue agendas, conduct meetings and prepare minutes of the meetings.
Participate in Board and Board Committee meetings:
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Board meetings provide a financial report and respond to questions and requests for information and special reports
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Finance Committee meetings schedule meetings, issue agendas, conduct meetings and prepare minutes of the meetings
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Audit & Compliance Committee meetings schedule meetings, issue agendas and prepare minutes of the meetings
Submit financial and other reports to the Finance Committee, Audit & Compliance Committee, and the Board of Trustees.
Lead, coach, oversee, and evaluate the activities and productivity of the accounting department, including the general ledger, billing, receivables, payables, and payroll.
Provide accounting and fiscal controls, ensure their effectiveness through the frequent review of operations. Review, evaluate, and improve financial management procedures; identify opportunities to improve productivity and cost effectiveness and makes recommendations to the SLT and President.
Generate periodic formal written reports incorporating productivity data, financial management information, evaluations, conclusions, and recommendations to the SLT and President. Undertake studies/provide specific information to support management decision making.
Evaluate ECRIs financial position and issue periodic financial and operating reports; quarterly forecasts; monthly effort-based financial reports.
Effectively communicate and negotiate with governmental and contracting authorities, banks and lending institutions, creditors and others.
Develop and evaluate the annual budget for ECRI and for specific programs, projects, and operating groups.
Develop and evaluate financial projections (of revenues, expenses and cash flows) for the Institute and for specific programs, projects and operating groups on a routine basis in order to identify potential problem areas in advance, and make recommendations as to appropriate courses of action. Implement action plans and monitor the results of same.
Provide for adequate funds (cash) through arrangements with banks and other financial institutions to meet current and expected future commitments.
Safeguard assets by periodic review of accounting data and methods, inventory-taking of equipment and supplies, and by maintaining appropriate business insurance coverage; make recommendations for the purpose of maintaining or improving the insurability of ECRI assets.
403(b) Plan Administrator respond to participant inquiries, disbursement requests, implement plan changes, manage plan advisors and providers. . Partner with Human Resources to issue required communications to employees and participants for the 403(b) Pla annual and for plan changes.
Manage the Investment Program in accord with the Investment Policy Statement, directives from the Board of Trustees and Finance Committee, and the Investment Committee. Establish investment goals, evaluate investment performance, make investment purchases and sales, and prepare monthly performance reports.
Review budgets and provide financial data/information as needed for proposals, grant requests, and contracts being prepared to ensure conformance with ECRI and program standards, current and projected pay and benefits and indirect costs rates, representations and certifications, and economic requirements.
Provide periodic reports to management, including contract, program, project and operating group managers, as to the financial status and productivity factors of programs, projects and operating groups, including effort-based financial reporting.
Monitor accounts receivable and ensure an effective collection effort at all times.
Manage the annual financial audit including A-133, 403(b) annual audit and other audits which may occur (e.g., for workers' compensation insurance, grants, etc.), to a favorable outcome.
Oversight of SBA (Small Business Administration) plans for government contracts (e.g., NGQMC, HS).
Assist in the preparation and submission of contract bids as needed.
Confirm by review of all vendor invoices and disbursements that all expenditures are properly approved and properly coded for general ledger accounting purposes.
Submit/maintain various governmental filings and registrations (e.g. SAM/ORCA/CCR, eRA, BSA, eSRS) (Including the Pennsylvania Sales Tax Exemption Application once every 5 years).
Oversight of the Internal Audit Program (managed by the Controller).
Additional Responsibilities:
Other duties, as assigned.
Accountability Metrics:
POSITION QUALIFICATIONS
Experience:
A minimum of ten years of financial management experience with direct personal responsibility for budgeting, providing financial information to management, and supervising an accounting department.
Proven problem-solver with systematic and meticulous in attending to detail.
Proven ability to effectively guide and coach a team both directly and indirectly through leaders on the team.
Strong written and verbal communication skills.
Ability to build strong and trusting relationships with peers and others in the organization.
Ability to reexamine and reassess financial management systems periodically and develop and implement more effective methods, management information systems, and fiscal controls.
Proven experience partnering with business leaders to consider short-term and long-term strategy of the organization and how to appropriately invest and make trade-off decisions to achieve such.
Prior experience with auditing, including A-133 audits, Form 990 reporting, federal indirect cost and benefit rate submissions, government contracts.
Prior proven track record of Board of Trustee engagement and management
Change agent with commitment to diversity of thought and experience and proven team player in high-performance team environment
Education:
Bachelors degree in related area is required.
Computer Skills:
Microsoft package of programs
Enterprise Resource Planning system (such as NetSuite, Workday or like)
Certifications and Licenses:
Certified Public Accountant (CPA) is preferred.
POSITION COMPENSATION
The salary range for new employees in this position is $230,700.00 - $334,500.00, based on background, experience, and skills. In addition, new employees in this position are eligible for all of our benefit offerings, including, but not limited to, health and welfare benefits, 403(B) retirement savings, and paid time off (PTO), as well as variable compensation.
PHYSICAL DEMANDS
This position operates in a remote environment and requires the individual to remain in a stationary position, whether sitting or standing, before a desk or other fixed workspace, most of their workday. In addition, this position requires the individual to occasionally move about their workspace to access and inspect work-related materials, such as file cabinets with physical files and standard office equipment. This position requires the ability to operate standard office equipment, including, but not limited to, a laptop, keyboard, mouse, webcam, and phone, as well as effectively communicate information and ideas to a wide variety of audiences in written and oral form.
ADA STATEMENT
ECRI is committed to providing equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, gender identity, or veteran status. We value diversity and believe that a diverse workforce enhances our ability to succeed. ECRI complies with applicable federal, state, and local laws governing nondiscrimination in employment and prohibits any form of discrimination or harassment based on these protected characteristics.
EEO STATEMENT
ECRI is committed to providing equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, gender identity, or veteran status. We value diversity and believe that a diverse workforce enhances our ability to succeed. ECRI complies with applicable federal, state, and local laws governing nondiscrimination in employment and prohibits any form of discrimination or harassment based on these protected characteristics.
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