CFO - PE backed Healthcare Services

Growing private equity backed multi-unit healthcare services company is looking for an industry experienced CFO.

The successful candidate will be responsible for the following:

• Monitors the financial health of the organization and works proactively to ensure the organization is financially successful.
• Works to improve and standardize processes in all areas of finance, including consolidated budgeting, accounting, banking relationships, lender, and private equity firm communications.
• Recruits, develops, and mentors a finance and accounting team that can support the existing organization and aggressive growth in multiple markets through acquisition and de novo locations.
• Converts acquisitions from cash to accrual accounting and implements them to a standardized GL system.
• Evaluates and keeps apprised of corporate structures, financing, legal risks, tax, real estate, and compliance regulations. Understands how to translate financial options into business strategy to mitigate risk and increase profitability.
• Supports the mission and values of the company and ensures that financial strategies align with that mission and vision. Identifies ways to leverage opportunities to support the mission and values.
• Functions as a key member of the senior executive team and as an advisor and leader to management on financial matters.
• Leads the company through its initial and subsequent audits.
• Develops and communicates the finance and accounting strategic plan and vision at all levels of the organization.
• Oversees financial policies, procedures, and controls to ensure regulatory compliance and to mitigate risk while increasing value. This includes Oversight of general ledger and chart of accounts in accordance with GAAP.

· Preparation of daily and weekly operational metrics, monthly board metrics, income statements for each location and service line and consolidated financial statements.

· Ensure reconciliation of balance sheets and completion of monthly, quarterly and year end closings.

· Provide oversight of physician and staff compensation formulas, working with the executive team/board to implement and communicate compensation structures across varying employee types.

· Lead budgeting process to include timeline development, communications, and on-going monitoring procedures/controls. Works effectively across the company to obtain buy-in from key process leaders for budget inputs and outputs.

· Ability to implement and refine key performance metrics to assess and communicate real-time performance trends.

· Possess a familiarity with HIPAA and an ability to support the Company’s HIPAA Compliance Program.

· Demonstrated ability to support and oversee critical IT functions of the business.

· Revenue Cycle Management: Oversee and ensure appropriate controls, processes, and management of Revenue Cycle.

· Monitor and assess accounts receivables to maximize cash flow and revenues; mitigate unrecoverable income where possible.

· Communicate status of revenues, programs, and results.

· Demonstrate appropriate staffing and budgetary management to remove performance barriers and maximize available resources.

· Maximize staff performance and technical expertise through clearly defined objectives, training, skill development and performance evaluation.

QUALIFICATIONS

· General Experience: a minimum of 10 years of professional financial management; the ideal candidate has been the CFO or VP of Finance within a multi-region, geographically dispersed, multi-location healthcare services organization, physician practice (single or multi-specialty), or similar; experience working with private equity and within a leveraged environment is a plus..

· Strong Business Acumen and Analytical Skills: experience developing and implementing systems, policies, and procedures to support growth while maintaining the highest levels of financial performance, compliance, and customer service; must be proficient in forecasting, budgeting, and risk management; must have a demonstrated ability for reaching sound business decisions after developing and reviewing available financial information.

· Solid Accounting and Financial Reporting Skills, CPA a plus

· M&A Integration & Greenfield Experience: Ideal candidates will possess experience leading the integration of add-on acquisitions; ideally will have experience of best practices for seamless integration of financial teams, as well as similar experience in leading and overseeing the start-up of new office locations.

· Excellent Leadership and Managerial Skills

· Education: a bachelor’s degree from an accredited four-year college; an MBA would be a plus.