Director of Finance

Position Overview: The Director of Finance will manage the overall management and oversight of the company's financial operations. This role will oversee the Finance Department, implement financial strategy, assist in Mergers and Acquisitions and ensure the integrity and efficiency of financial operations while aligning with the company's long-term goals. Reporting to the CEO, this position will work closely with all senior executives to shape and implement financial strategies that support the company's objectives. Additionally, the role will collaborate with partnerships and joint ventures to align financial strategies and operations, ensuring cohesive and strategic financial management across all business entities.

Duties/Responsibilities:

• Supervisory Responsibilities:
  • Directs the operations of the Finance and accounting department, including accounts payable, accounts receivable, and bank reconciliations.
  • Oversees the Revenue Cycle Management department.
  • Leads and mentors finance staff, ensuring effective performance management and professional development.
• Strategic Financial Leadership:
  • Develops and executes financial strategies to support the company's strategic objectives.
  • Provides leadership in financial planning, risk management, and investment decisions.
  • Advises the executive team and board of directors on financial performance and strategic initiatives.
• Financial Reporting and Controls:
  • Maintains and enhances a comprehensive system of accounting policies, procedures, and internal controls to safeguard the company's assets and ensure the accuracy of financial reporting.
  • Oversees the production of accurate and timely financial statements and reports, ensuring compliance with generally accepted accounting principles (GAAP) or international financial reporting standards (IFRS).
  • Reviews and approves periodic financial reports and disclosures, including quarterly and annual reports filed with regulatory agencies.
  • Designs and implements cost allocation strategies across business units and divisions
• Budgeting and Forecasting:
  • Leads the development of the company and departmental budgets budget and long-term financial forecasts.
  • Analyzes budget variances, reports significant discrepancies to senior management, and recommends corrective actions as needed.
  • Provides financial projections and analysis to support strategic decision-making and business planning.
• Mergers and Acquisitions
  • Develops and presents valuation models for potential acquisitions and mergers
  • Performs timely initial and deep financial diligence for potential acquisitions and mergers
  • In collaboration with the Business Development and Integrations department, Manages the financial integration of acquired practices in a timely manner.
• Financial Analysis and Strategy:
  • Conducts detailed financial analysis to support capital investments, pricing strategies, and contract negotiations.
  • Develops and recommends key performance indicators and benchmarks to measure and drive company performance.
  • Monitors financial trends, evaluates investment opportunities, and assesses the financial implications of strategic initiatives.
• Audit and Compliance:
  • Oversees and coordinates with external auditors to ensure the successful completion of annual audits and compliance with all financial regulations and standards.
  • Ensures adherence to local, state, and federal financial regulations and reporting requirements.
  • Manages relationships with regulatory bodies and addresses any compliance issues or concerns.
• Partnerships and Joint Ventures:
  • Collaborates with partners and joint ventures on finance-related issues, ensuring alignment with the company's financial strategies and objectives.
  • Oversees financial operations and reporting for joint ventures, ensuring compliance with agreements and regulatory requirements.
  • Negotiates and manages financial aspects of partnerships and joint ventures to maximize value and mitigate risk.
• Vendor and Contract Management:
  • Oversees vendor relationships, including the selection, negotiation, and management of contracts to ensure favorable terms and compliance with company policies.
  • Develop and implement processes for evaluating vendor performance and managing vendor-related financial risks.
  • Ensures all contracts are reviewed, approved, and monitored for adherence to terms and financial commitments.
  • Collaborates with legal and procurement teams to manage contract renewals, amendments, and disputes.
• Operational Efficiency:
  • Implements and monitors financial systems, processes, and technologies to enhance efficiency and effectiveness within the Finance Department.
  • Identifies opportunities for process improvements and cost savings across financial operations.
• Other Duties:
  • Performs other related duties as necessary or assigned by the executive team or board of directors.
  • Represents the Finance Department and company in interactions with key stakeholders, including investors, regulators, and external partners.

Requirements

• Bachelor's degree in Finance, Accounting, or related field; Master's degree preferred.
• Professional certification such as CPA, CMA, or CFA is highly desirable.
• Extensive experience in financial management, with a proven track record in the healthcare industry, preferably in medical group management
• Experience in driving performance within revenue cycle management. Athena experience preferred.
• Strong strategic thinking and leadership skills, with the ability to influence and drive change at the executive level.
• In-depth knowledge of financial reporting, budgeting, forecasting, valuations, and compliance.
• Attention to detail and ability to work in a collaborative team environment.
• Excellent communication, negotiation, and interpersonal skills.

Physical Requirements:

Prolonged periods of sitting at a desk and working on a computer.

Traveling between clinics on a regular basis

Must be able to lift up to 15 pounds at times.