Aligned Modern Health is changing the face of healthcare and building the leading national brand in drug-free, surgery-free treatment. We are the largest and highest rated integrative medicine group in the Midwest and are driving positive change in healthcare by introducing our services to new patients every day. Our unique, multi-disciplinary model offers patients evidence-based solutions to a host of health challenges including musculoskeletal pain, stress and anxiety, GI distress, metabolic disorders, infertility and more. We pride ourselves on outstanding clinical outcomes and a five-star patient experience. We have 18 clinics across the city of Chicago and surrounding suburbs, and we are growing quickly in Illinois and beyond! To learn more about us, please visit our website at www.alignedmodernhealth.com.
Position Summary:
Aligned Modern Health (“AMH”) is seeking a Vice President of Finance to join its growing team. Reporting to the CEO, the primary responsibilities of the position are to manage the financial analysis, reporting and revenue cycle operations at AMH. The ideal candidate will be professional, and team-oriented with a strong desire to play an important role in an innovative and growing healthcare company. This is a Chicago-based company, however, the role is currently remote. Local candidates are preferred, but qualified remote candidates will also be considered.
Job Responsibilities:
1. Strategy, Planning & Leadership
• Act as a strategic business partner to senior executive leadership team.
• Assess and evaluate financial performance of AMH with regard to operational goals and budgets.
• Provide insight and recommendations to both short-term and long-term growth plan of AMH.
• Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency.
• Communicate, engage and interact with Board of Directors, CEO, CMO and Executive Leadership Team.
• Create and establish yearly financial budget and objectives that align with AMH’s plan for growth and expansion.
• Select and engage consultants, auditors and investors.
• Recruit and interview accounting and payroll staff as required.
• Serve as a key member of executive leadership team and round table discussion panel.
• Participate in pivotal decisions as they relate to strategic initiatives and operational models.
• Implement policies, procedures and processes as deemed appropriate by senior leadership team.
2. Financial Analysis, Budgeting & Forecasting
• Prepare and present monthly financial budgeting reports including monthly profit and loss, actual vs. budget and weekly cash flow.
• Review and analyze monthly financial results and provide recommendations.
• Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings.
• Develop and maintain monthly operating budget and annual company operating budget.
• Manage financial planning and analysis.
• Supervise creation of reports, software implementation and tools for budgeting and analysis.
• Participate in weekly conference calls with Vendors, Auditors and Executive Leadership Team.
3. Accounting, General Ledger, Administration and Operations
• Supervise the accounting team to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
• Review and ensure application of appropriate internal controls, compliance and financial procedures.
• Ensure timeliness and accuracy of financial and management reporting data for investors and company’s board of directors.
• Oversee the preparation and communication of weekly, monthly and annual financial statements.
• Oversee the preparation and timely filing of all local, state and federal tax returns.
• Ensure appropriate compliance regarding all financial functions.
• Work with Human Resources to ensure appropriate legal compliance.
• Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.
• Oversee preparation of monthly, quarterly and annual financial statements.
• Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
• Enhance and implement financial and accounting systems, processes, tools and control systems
• Hire, develop and manage accounting and revenue cycle teams
• Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.
• Coordinate and strategize methods used to attain team goals with Chief Executive Officer and Executive Leadership.
4. Revenue Cycle
• Oversee the Director of Revenue Cycle
• Oversees the implementation of processes surrounding pricing, billing. Third party payor relationships, compliance, collections and other revenue cycle functions.
• Ensures proper oversight of the third-party billing vendor relationship.
• Analyzes revenue cycle performance and trends in denials, accounts receivable, coding, charge entry, etc.
5. Strategy, Planning & Leadership
• Act as a strategic business partner to senior executive leadership team.
• Assess and evaluate financial performance of AMH with regard to operational goals, budgets and forecasts.
• Provide insight and recommendations to both short-term and long-term growth plan of AMH.
• Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency.
• Communicate, engage and interact with Board of Directors, CEO, CMO and Executive Leadership Team.
• Create and establish yearly financial budget and objectives that align with AMH’s plan for growth and expansion.
• Select and engage consultants, auditors and investors.
• Recruit, interview accounting and payroll staff as required.
• Serve as a key member of executive leadership team and round table discussion panel.
• Participate in pivotal decisions as they relate to strategic initiatives and operational models.
• Implement policies, procedures and processes as deemed appropriate by senior leadership team.
6. Financial Analysis, Budgeting & Forecasting
• Prepare and present monthly financial budgeting reports including monthly profit and loss by division, actual vs. budget by division and weekly cash flow.
• Review and analyze monthly financial results and provide recommendations.
• Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings.
• Develop and maintain monthly operating budget and annual company operating budget.
• Manage financial planning and analysis department. Supervise creation of reports, software implementation and tools for budgeting and forecasting.
• Participate in weekly conference calls with enders, Vendors, Auditors and Executive Leadership Team.
7. Accounting, General Ledger, Administration and Operations
• Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
• Review and ensure application of appropriate internal controls, SOX compliance and financial procedures.
• Ensure timeliness and accuracy of financial and management reporting data for federal funders, foundations, investors and company’s board of directors.
• Oversee the preparation and communication of weekly, monthly and annual financial statements.
• Oversee the preparation and timely filing of all local, state and federal tax returns.
• Ensure SOX compliance regarding all financial functions.
• Work with Human Resources to ensure appropriate legal compliance.
• Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.
• Oversee preparation of monthly, quarterly and annual financial statements.
• Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
• Enhance and implement financial and accounting systems, processes, tools and control systems
• Hire, develop and manage accounting and revenue cycle teams
• Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.
• Coordinate and strategize methods used to attain team goals with Chief Executive Officer and Executive Leadership.
8. Financial Management
• Manage cash flow planning process and ensure funds availability.
• Oversee cash, investments and asset management area.
• Explore new investment opportunities and provide recommendations on potential returns and risks.
• Maintain outstanding banking relationships and strategic alliances with vendors and business partners.
• Utilize forward-looking models and activity-based analyses to provide financial insight into the AMH’s plans and operating budgets.
9. Financial Relations and Policies
• Engage Board of Directors to develop short term and long term plans, projections and budgets.
• Represent company to banks, financial partners, institutions, investors, public auditors and officials.
• Remain current on audit best practices as well as state, federal and local laws regarding company operations.
10. Cash Management
• Oversee weekly cash management, AR and AP Departments, approve large payables, sign checks, authorize large wires and ACHs
• Supervise Accounts Receivable management and provide guidance relating to the collection process
11. Financial Management
• Manage cash flow planning process and ensure funds availability.
• Oversee cash, investments and asset management area.
• Explore new investment opportunities and provide recommendations on potential returns and risks.
• Maintain outstanding banking relationships and strategic alliances with vendors and business partners.
• Utilize forward-looking models and activity-based analyses to provide financial insight into the AMH’s plans and operating budgets.
12. Financial Relations and Policies
• Engage Board of Directors to develop short term and long term plans, projections and budgets.
• Represent company to banks, financial partners, institutions, investors, public auditors and officials.
• Remain current on audit best practices as well as state, federal and local laws regarding company operations.
13. Cash Management
• Oversee weekly cash management, AR and AP Departments, approve large payables, sign checks, authorize large wires and ACHs
• Supervise Accounts Receivable management and provide guidance relating to the collection process
Position Requirements
• Bachelor Degree in Accounting or Finance, MBA preferred
• CPA preferred
• 7-10+ years total accounting or finance experience, 5+ years in a leadership capacity, preferably in a fast growing environment.
• Outstanding knowledge and understanding of GAAP, IFRS, SOX compliance
• Background coordinating with I.T. staff to manage and/or upgrade accounting system. Systems implementation experience strongly preferred.
• Outstanding communication and presentation skills.
• Demonstrated leadership ability, confidence and executive presence – ability to motivate staff.
• Excellent analytical, reasoning and problem-solving skills
• Significant experience working with external auditors, internal controls and compliance-related issues.
Why Aligned Modern Health?
• Opportunity to be an important contributor to an exciting, rapidly growing company focused on driving positive change in healthcare.
• Fun and authentic culture with an outstanding team dedicated to patient care.
Aligned Modern Health is an Equal Opportunity Employer.