Chief Financial Officer

POSITION DESCRIPTION

Client: Integrity Health

Position: Chief Financial Officer

Reports to: Chief Executive Officer

Location: Mid-Atlantic Region

Company

Integrity Health has optimized a direct primary healthcare delivery model that leverages population health tools and care management solutions across employer-owned on-site and near-site health centers ("Partnership Health Centers" or "PHCs") that results in higher quality health outcomes for employee-patients and meaningful cost savings for self-insured public sector employers. The Company utilizes a population health software solution and proprietary data analytics tools to analyze the full continuum of inpatient, outpatient and pharmacy claims data as well as direct and proprietary health information from patient engagement and assessments, risk stratification, care utilization and clinical outcomes, to systematically manage a holistic patient-centered care delivery model.

Opportunity

The Company is seeking a Chief Financial Officer (CFO) who be responsible for executing the company's strategic plan including driving growth of their existing locations and leading their national expansion.

Reporting to the Chief Executive Officer (CEO), the CFO will be the organization's senior financial leader and decision-maker but will also play a significant role with the operations team. This candidate must be able to practically use financial statements to identify and drive areas of operational improvement. This candidate will be capable of operating with and leading a lean finance team while building a more robust and scalable infrastructure throughout the finance and accounting functions. They will partner strategically with the CEO and executive management team to drive positive impact while providing insight and direction throughout the organization.

Responsibilities

• Build a highly effective and high-performing finance team with people, systems, and processes to support and guide the demands of a growing business efficiently. This includes being a hands-on leader and strengthening the financial policies and procedures.


• Responsible for building, improving, and maintaining processes and procedures within accounting including, but not limited to, managing AP/AR, payroll, general ledger, month-end/year-end close, financial statement preparation, and FP&A duties. Lead the annual budget process. Deliver and manage reasonable and achievable budgets while demonstrating continued progression toward targets. Ensure compliance, clean audits, and proper reporting and controls.


• Oversee monthly client reporting, client budgets, RFPs, client funding packages


• Lead and oversee key financial and operational projects, including the conversion from cash to accrual for add-on acquisitions, annual budgeting, and audit processes. Point person for investors, bankers, lenders, and the Board of Directors on all financial matters, including operating performance, capital structure, performance against revenue and EBITDA targets, and capital requirements to support acquisitions.
  
  
  
  • Ensure accurate and timely delivery of financial statements to key stakeholders (senior executive team, Board of Directors, lenders).
  
  
  • Create and maintain relationships with service providers and contractors including banking institutions, lenders, and accountants.
  
  
  • Monitor and manage cash flow, particularly as it relates to expansion with de novo locations.
  
  
  
  


• Develop and oversee database of key performance. Work to centralize and automate operational data reporting as much as possible in a format that is easy to understand by various stakeholders. Leverage IT systems and processes to ensure management receives data through business intelligence systems to enhance data-driven decision-making.
  
  
  
  • Work with all cross functional areas and assist with other projects that may arise.
  
  
  • Create a business environment that measures and drives continuous operational improvement along with recognizing and implementing opportunities to optimize operations and profit.
  
  
  
  


• Oversee and prepare to report on compliance with debt covenants and other lending reporting obligations. Aid in cash flow forecasting, compliance reporting, and covenant analysis.


• Identify the business's economic levers and core metrics and drive operational focus and rigor around those initiatives.
  
  
  
  • Coordinates federal and state income tax filings with outside tax firm.
  
  
  • Oversee sales and use tax and property tax returns.
  
  
  
  


• Serve as a strategic partner for executive, operations, and business development leadership to guide the business toward transformational growth goals. Understand where value is created and how to grow profits; continually seek to optimize equity value creation while always maintaining honest and ethical conduct.

Qualifications

The successful candidate will have previously served as a senior financial executive during a sustained period of revenue and earnings growth, acquisitions, and operational discipline in a demanding environment. Successful experience establishing economies of scale across the organization utilizing systems, processes, and people will be necessary. Experience building and mentoring high-caliber teams will be critical. The ability to adapt to rapid change, as frequently found in a PE-backed environment, combined with excellent training and structure brought by more considerable company experience, would be ideal. Additional qualifications are:

• Strong financial knowledge with ten or more years of senior finance experience leading multi-site healthcare services businesses.


• Previous experience leading a private equity owned business with an understanding of expectations and the pace of deliverables, including experience with reporting/KPI packages.


• Bachelor's Degree in accounting or finance from a four-year accredited college or university.


• Master's degree (MBA, accounting) preferred.


• Professional certification such as CFA or CPA preferred.


• Strong leadership skills with demonstrated success in high growth organizations.


• Ability to work in a fast paced, rapidly growing environment.


• Proven track record of operational success.


• Experience with revenue recognition and effective leadership and optimization over revenue cycle management.


• Strong working knowledge of debt capital markets and understanding of the levers that drive financial performance in a leveraged environment.


• Solid interpersonal skills to effectively share, translate, and engage the organization in key financial drivers providing meaningful commentary, trends, and actions internally and externally.


• Technical corporate finance expertise: highly analytical, deep numbers-based understanding of businesses, skill-building and maintaining complex financial models to drive performance, capable of managing complex cap tables, interim rollover equity raises and managing capital projects underwriting.


• Served as a critical financial executive at a company growing between $5M to $30M EBITDA through organic and inorganic growth. Proven track record in a hands-on and fast-paced environment.


• Previous acquisition experience, including leading financial diligence, operational analysis, and integration centered around people, processes, and systems.


• Entrepreneurial and comfortable operating independently; comfortable with risk and setbacks; highly analytical, resilient person. History of creating value where it did not exist before and a transparent business partner to the business.


• Strong operations finance experience and cross-functional partnering experience collaborating with teams across multiple locations, with a keen ability and passion for day-to-day operations and adding value daily.


• Successfully developed and managed a metrics-driven organization with a robust management cadence (monthly dashboards, periodic business reviews, defined annual goals, budgeting process, etc.). Leverage operational and financial data to contribute to decision-making and catalyze to drive change.