Director of Finance Operations

Full Remote Opportunity

PRIMARY FUNCTION

The Director of Finance Operations assumes comprehensive ownership of clinic margin performance, encompassing the optimization of financial outcomes while aligning with operational objectives. This role involves managing financial processes and making substantial contributions to the overarching business strategy. Working in close collaboration with the VP of Finance, the individual will oversee a dedicated team of finance partners for each market. This team will lead and manage the planning, forecasting, and analysis of annual, monthly, and quarterly results. Furthermore, under the Director's leadership, the Finance Operations team will facilitate the development and implementation of a regular performance reporting and analysis framework, all aimed at achieving the company's overarching goals and profitability objectives.

ESSENTIAL DUTIES AND RESPONSIBILITIES

This list may not include all of the duties that may be assigned.

1. Leads enterprise finance operations, overseeing annual budgeting, regular forecasting, and weekly and monthly financial operational KPI reporting, encompassing revenue, expenses, capital, and cash flows.
2. Shares ownership and accountability of all P&L results with market leadership, including driving revenue and cost improvement initiatives to support the achievement of budget goals.
3. Monitors and identify opportunities to enhance patient growth/membership, fill rates/no-show rates, clinician productivity, staffing productivity/ratios, coding mix, and payor reimbursement while also exercising controllership of operating and capital expenses to ensure the attainment of budgeted profitability and cash flow targets.
4. Tracks and analyzes organic growth efforts to segregate financial performance from the established portion of the business.
5. Supports market leaders’ delivery of their P&L budget through establishing, leading, and optimizing regular performance reporting, including conducting weekly and monthly variance analyses to explain key performance trends and conducting regular performance review meetings to drive budget execution.
6. Provides financial education and support to Regional/Practice managers, including financial training, help interpreting financial reports, and guidance on revenue optimization and expense management.
7. Continuously identifies and drives ongoing process improvements to the financial planning & analysis processes, reporting, and annual budget cycles.
8. Partners with Accounting on month-end close and reporting processes. Ensure that management reports are accurate and timely, and comply with all relevant regulations and standards.

9. Supports business development and M&A initiatives by participating in deal due diligence and providing integration support.
10. Demonstrates an in-depth understanding of the overall business and strategic direction for the organization, including supporting management's story with facts and assumptions that have been well thought through.    
11. Coordinates and develops financial presentations for operational leaders and the finance leadership team.
12. Builds strong cross-functional relationships with market leaders and senior management team and is viewed as a trusted advisor providing significant added value to the organization.
13. Partners with medical analytics leader to build and ensure open communication between finance and operations and support operations team to deliver their budgeted financial and operational targets.

SUPERVISORY RESPONSIBILITIES

Exercises general supervision of the Finance Operations team.
QUALIFICATIONS

EDUCATION:

• Bachelor's degree in accounting, finance, or related field
• MBA or CPA is strongly preferred.

EXPERIENCE:

• At least 10 years of health care industry experience, with at least 5 years in leadership.
• Both Value Based Care and FFS experience preferred.
• 10 or more years of relevant financial modeling, analysis, and reporting experience
• 5 years of forecasting, and budgeting experience

• At least two years of Investment Banking or Private Equity experience with escalating responsibility.
• Healthcare provider experience required.

KNOWLEDGE, SKILLS AND ABILITIES

• Demonstrated success in developing and implementing financial strategies that support business objectives.
• Strong presentation skills; ability to create and speak to slides that deliver a message concisely.
• Possesses the confidence and presence to interact and communicate effectively with senior management, VPs and Directors.
• Must be high energy, results-driven, solution-oriented, focused and motivated, with solid decision-making capability.
• Excellent organizational skills, with the ability to rapidly and accurately analyze a situation to make an effective decision.
• Excellent analytical and financial modeling skills, including familiarity with 'best practices' in Microsoft Excel.
• Strong data management skills. Experience with ERP systems, business intelligence, and corporate performance management software
• Comfortable with a fast-paced, results-oriented environment.
• Knowledge of finance and business measurements: clinician and staff productivity metrics, expense performance, rate of return, working capital, investment, etc.
• Experience with private equity owners

TYPICAL WORKING CONDITIONS

Working in a professional office environment remotely. The position involves frequent collaborative call volumes. The environment requires the ability to multi-task, communicate clearly & concisely, working in spreadsheets for extended periods. It will require sitting for long periods of time.