Newport Healthcare
Vice President, Corporate Finance
Newport Healthcare, Nashville, Tennessee, United States,
Vice President, Corporate Finance
About UsNewport Healthcare is a nationwide behavioral healthcare organization dedicated to transforming young lives through evidence-based care. To that end, we have assembled the best teen and young adult mental health treatment staff in the country, and we want you to join us. While our experts guide our clients to sustainable healing, our job is to support our valued staff members, and we do that through offering industry-competitive salaries, career growth and skills expansion, student loan repayment and tuition reimbursement, and a company commitment to diversity, equity, and inclusion, among other advantages. Be part of a team that's dedicated to providing compassionate care based in authentic connection, mutual respect, and unconditional love-and experience the rewards of making a difference in the lives of young people and their families each and every day.Empowering Lives. Restoring Families.Responsibilities
The Vice President, Corporate Finance will manage and coordinate financial reporting, budgeting, and financial forecasting activities. Develop and implement tools, applications, and reporting used for planning, forecasting, monitoring, and decision support. Partner with Corporate & Marketing functional leaders to monitor and explain monthly financial performance, generate forecast updates, build annual budgets, assist with capital expense requests, vendor management and payment, analytics, and other financial support. Serve as key PE contact with M&A and integration activities. Manage a team of financial analysts.Essential Duties:Serve as a strategic partner to Newport's Chief Financial Officer (CFO) and senior management team.Build and manage a high capability finance team to coordinate consolidated periodic financial projections, meet reporting timelines, and support corporate functions.Lead the development of required processes and implement an enterprise planning application to support a rolling 8-quarter forecast update process. Align team resources and coordinate with operational Financial Planning & Analysis (FP&A) team to generate accurate projections rapidly.Manage annual budgeting process; direct the activities and timeline, build consensus around key assumptions, and leverage 8-quarter rolling forecast process to efficiently generate the annual budget.Responsible for maintaining commercial banking relationships; ensuring services match the needs of the business and proactively manage fees.Serve as a point person to handle periodic lender requests for information.Manage team and process to maintain 13-week cash forecast; play an integral role in cash management.Work closely with other members of the Finance team to calculate management and lender adjustments to EBITDA as part of the monthly reporting process.Manage variable rate debt contracts, interest and principal payments, and borrowing proactively.Responsible for coordinating with VP and Controller to generate quarterly lender certifications, covenant calculations, and other required lender reporting.Accountable for generating consolidated monthly financial performance reporting for board of directors, including summarized financial statements, KPIs, comparisons to budget or forecast, and explanations for key variances and cash flow.Accountable for generating highly professional quarterly board presentations. Coordinate with key stakeholders across the business to gather content, manage the review and editing process, and ensure completion for distribution to the board of directors in advance of the meeting.Serve as a key Private Equity (PE) sponsor contact for financial performance questions and information requests; triage requests as needed among the finance and accounting teams.Handle periodic reporting requirements from PE sponsor; align resources and internal reporting to enable rapid and accurate responses.Align team resources to partner with Corporate and Marketing functional leaders to monitor and explain monthly financial performance, generate forecast updates, build annual budgets, assist with capital expense requests, vendor management and payment, analytics, and financial support.Support business development effort with tracking and analysis. Play an active role in the due diligence process for acquisition targets.Facilitate updates or creation of specific acquisition integration plans for accounting, AP, payroll and finance, and align resources to keep project plans up to date, identify opportunities and risks. Build and maintain an acquisition synergy tracker.Identify, build plans, and hold teams accountable for achieving performance improvement targets and completing major initiatives.Qualifications
Minimum of ten (10) years' financial management experience in forecasting, planning, business analytics, KPIs, management and board of directors' reporting, cash management, M&A diligence, and integration.Bachelor's degree in finance, economics, accounting, or other quantitative area of study required; MBA in finance preferred.Minimum of five (5) years' experience in a financial leadership position responsible for building and managing teams of financial professionals and management of key processes and systems supporting forecasting, budgeting, and reporting.Experience in a Private Equity (PE) backed healthcare services business.Newport Healthcare is an Equal Opportunity Employer.Newport Healthcare provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, genetic information, or any other characteristic protected by federal, state, or local laws.Newport Healthcare is committed to ensuring equal employment opportunity, including providing reasonable accommodations to individuals with a disability. Applicants with a physical or mental disability who require a reasonable accommodation for any part of the application or hiring process please email accommodations@newportacademy.com for assistance.
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About UsNewport Healthcare is a nationwide behavioral healthcare organization dedicated to transforming young lives through evidence-based care. To that end, we have assembled the best teen and young adult mental health treatment staff in the country, and we want you to join us. While our experts guide our clients to sustainable healing, our job is to support our valued staff members, and we do that through offering industry-competitive salaries, career growth and skills expansion, student loan repayment and tuition reimbursement, and a company commitment to diversity, equity, and inclusion, among other advantages. Be part of a team that's dedicated to providing compassionate care based in authentic connection, mutual respect, and unconditional love-and experience the rewards of making a difference in the lives of young people and their families each and every day.Empowering Lives. Restoring Families.Responsibilities
The Vice President, Corporate Finance will manage and coordinate financial reporting, budgeting, and financial forecasting activities. Develop and implement tools, applications, and reporting used for planning, forecasting, monitoring, and decision support. Partner with Corporate & Marketing functional leaders to monitor and explain monthly financial performance, generate forecast updates, build annual budgets, assist with capital expense requests, vendor management and payment, analytics, and other financial support. Serve as key PE contact with M&A and integration activities. Manage a team of financial analysts.Essential Duties:Serve as a strategic partner to Newport's Chief Financial Officer (CFO) and senior management team.Build and manage a high capability finance team to coordinate consolidated periodic financial projections, meet reporting timelines, and support corporate functions.Lead the development of required processes and implement an enterprise planning application to support a rolling 8-quarter forecast update process. Align team resources and coordinate with operational Financial Planning & Analysis (FP&A) team to generate accurate projections rapidly.Manage annual budgeting process; direct the activities and timeline, build consensus around key assumptions, and leverage 8-quarter rolling forecast process to efficiently generate the annual budget.Responsible for maintaining commercial banking relationships; ensuring services match the needs of the business and proactively manage fees.Serve as a point person to handle periodic lender requests for information.Manage team and process to maintain 13-week cash forecast; play an integral role in cash management.Work closely with other members of the Finance team to calculate management and lender adjustments to EBITDA as part of the monthly reporting process.Manage variable rate debt contracts, interest and principal payments, and borrowing proactively.Responsible for coordinating with VP and Controller to generate quarterly lender certifications, covenant calculations, and other required lender reporting.Accountable for generating consolidated monthly financial performance reporting for board of directors, including summarized financial statements, KPIs, comparisons to budget or forecast, and explanations for key variances and cash flow.Accountable for generating highly professional quarterly board presentations. Coordinate with key stakeholders across the business to gather content, manage the review and editing process, and ensure completion for distribution to the board of directors in advance of the meeting.Serve as a key Private Equity (PE) sponsor contact for financial performance questions and information requests; triage requests as needed among the finance and accounting teams.Handle periodic reporting requirements from PE sponsor; align resources and internal reporting to enable rapid and accurate responses.Align team resources to partner with Corporate and Marketing functional leaders to monitor and explain monthly financial performance, generate forecast updates, build annual budgets, assist with capital expense requests, vendor management and payment, analytics, and financial support.Support business development effort with tracking and analysis. Play an active role in the due diligence process for acquisition targets.Facilitate updates or creation of specific acquisition integration plans for accounting, AP, payroll and finance, and align resources to keep project plans up to date, identify opportunities and risks. Build and maintain an acquisition synergy tracker.Identify, build plans, and hold teams accountable for achieving performance improvement targets and completing major initiatives.Qualifications
Minimum of ten (10) years' financial management experience in forecasting, planning, business analytics, KPIs, management and board of directors' reporting, cash management, M&A diligence, and integration.Bachelor's degree in finance, economics, accounting, or other quantitative area of study required; MBA in finance preferred.Minimum of five (5) years' experience in a financial leadership position responsible for building and managing teams of financial professionals and management of key processes and systems supporting forecasting, budgeting, and reporting.Experience in a Private Equity (PE) backed healthcare services business.Newport Healthcare is an Equal Opportunity Employer.Newport Healthcare provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, genetic information, or any other characteristic protected by federal, state, or local laws.Newport Healthcare is committed to ensuring equal employment opportunity, including providing reasonable accommodations to individuals with a disability. Applicants with a physical or mental disability who require a reasonable accommodation for any part of the application or hiring process please email accommodations@newportacademy.com for assistance.
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