Senior Accountant

The American Board of Medical Specialties is seeking a Senior Accountant.

The American Board of Medical Specialties (ABMS) serves the public and the medical profession by improving the quality of health care through setting professional and educational standards for medical specialty practice and certification in partnership with its certifying Member Boards. These elevate the standards for patient care and care improvements.

Reporting to the Controller, the Senior Accountant is an essential member of the Finance Team and is responsible for the accounting and finance functions of the organization including: accurate and timely financial accounting and reporting in compliance with generally accepted accounting principles (GAAP), account reconciliations and analyses, coordination of processes among the Finance team, accurate and timely tax return filings, and efficient operations of department systems and programs. Responsibilities for this position also include ensuring compliance with the organization’s accounting policies and procedures to maintain proper internal controls, participating in departmental and organization wide projects, and providing guidance to staff within the department and across the organization. The Senior Accountant will uphold the ABMS Guiding Principles of accountability, empowerment and inclusion, and will possess a high level of integrity, transparency, teamwork, customer service and continuous quality improvement.

Position Responsibilities:

Accounting and Reporting Operations

  • Ensures the integrity of accounting information by recording, verifying, consolidating and entering transactions in accordance with U.S. GAAP.
  • Prepares and records asset, liability, revenue, and expense entries by compiling and analyzing account information.
  • Maintains and balances subsidiary accounts by verifying, allocating, posting, and reconciling transactions and resolving discrepancies.
  • Maintains general ledger by transferring subsidiary accounts, preparing a trial balance, and reconciling entries.
  • Advises on appropriate accounting treatment for routine and non-routine transactions.
  • Calculates invoice amounts for non-recurring billing.
  • Determines deferred revenue and recognized revenue amounts.
  • Proposes recordkeeping and data-entry solutions as new business situations arise (e.g. new grant opportunities which may require different financial reporting).
  • Investigates unusual items and transactions working with all levels of management throughout the organization.
  • Works with all departments monitoring the collections and billing status of financial obligations of various contracts and license agreements.
  • Monitors financial aspects of contracts for compliance, renewals and accrual recording.
  • Keeps abreast of proposed changes to U.S. GAAP and how they would affect ABMS. Proactively keeps the Controller apprised of these changes, and how to best implement them.
  • Assisting the Controller, responsible for monthly, quarterly and annual financial reports, managing reporting deadlines, monthly close schedule/calendar, and ensuring compliance with U.S. GAAP including focus on completeness, accuracy, cutoff and classification.


  • Plans, establishes and maintains all necessary working papers and supporting audit schedules and obtains resolution to all audit issues with the Controller.
  • Maintains awareness of significant contract compliance elements including that costs are being considered for month end accruals.
  • Ensures the preparation of mandatory governmental reporting requirements, including federal and state tax returns, various government reporting schedules and other regulatory requirements.
  • Supervises annual W2 and 1099 reporting and ensures timely filing to the IRS.

Internal Controls

  • Provides guidance and value on internal control considerations when presented with policy changes, new initiatives or changing situations.
  • Able to articulate to staff the need and requirements of internal controls to ensure the resources of the organization are protected and risk of loss is minimized.
  • For financial reporting, pays particular attention to potential internal control weaknesses, process errors or other issues needing correction or improvement.
  • Review, revise and develop financial policies and procedures. Interpret and administer policies to ensure effective control of the organization’s assets.

Advising and Consulting

  • Advises the Controller regarding business issues.
  • Assists with policy making, having awareness of and consideration to how policy changes can affect the organization; plans for such changes.
  • Provides consultation, knowledge and financial data to internal and external groups, as needed, and manages and assists in the preparation of financial support schedules, as needed.
  • Works with all levels throughout the organization to ensure an appropriate understanding of financial matters.

Other Job Duties:

  • Other duties as requested by the Controller.

Education and Experience

  • Bachelor’s degree in Accounting, required.
  • A CPA is preferred.
  • 7+ years of related experience
  • Experience in all aspects of fiscal management including strong knowledge of U.S. GAAP, internal controls and financial reporting.
  • Experienced systems knowledge including general ledger applications, payroll systems and expense reimbursement applications; preferred knowledge of Sage Intacct general ledger application, NetSuite revenue/sales application, ADP Workforce Now and Concur Expense Reporting.
  • Experience in non-profit organization preferred

Core Competencies/Skills

  • Ability to prioritize workload, manage multiple projects and meet deadlines with minimal supervision.
  • Ability to work remotely with minimal supervision
  • Attention to detail and follow-through.
  • Excellent communication skills with ability to clearly disseminate financial information with an understandable approach.
  • Excellent organizational skills.
  • Excellent problem solving and analytical skills.
  • Participatory management and leadership style that encourages collaboration, cooperation and personal growth.
  • Professional demeanor and strong customer service orientation.
  • Respond effectively to sensitive and confidential information.

The Senior Accountant position is based in Chicago.

Closing Date: Friday, October 16, 2020 or until the position is filled.

How to Apply

In addition to sending your resume and salary expectations, you must include a cover letter outlining your experience and the strategic value that you will bring to ABMS.

Send your resume and cover letter to Dan Hoppe – Director, Human Resources, at Please include “Ref: ABMS_Sr Acct” in the subject of your email.

This job description is not designed to cover or contain a comprehensive list of activities, duties, or responsibilities. Duties, responsibilities, and activities may change or be added at any time with or without notice.

All qualified applicants will receive consideration for employment without regard to race, age, color, religion, sex, gender identity, and sexual orientation, national origin, protected veteran status, disability status, or genetic information.