What are the responsibilities and job description for the Vice President of Finance position at StevenDouglas?
StevenDouglas has been retained by our established healthcare client to identify a Vice President of Finance. Healthcare industry experience is not required. Multi-location professional or customer services focused experience, along with an interest in learning the healthcare industry, will transition well.
This is a newly created position and will report to the CFO. This role was created to ensure comprehensive financial management, including oversight of the revenue cycle department, accounts payable, payroll reporting and analysis, cashflow management reporting, tax compliance, 401(k) accounting, and support with financial audits. The VP of Finance will provide strategic financial guidance and leadership while supporting budgeting, payroll analysis, and ensuring regulatory compliance across multiple entities within the organization. The ideal candidate will be promoted to Chief Financial Officer through succession planning.
Key Responsibilities
- Develop, implement, and monitor financial strategies to guide operational and strategic decision making for the organization and its ancillary businesses
- Lead the annual budgeting process for corporate and its ancillary businesses, ensuring alignment with organizational goals
- Provide detailed analysis of budget variances, and work with department heads to ensure budget adherence
- Oversee the revenue cycle department to ensure effective and efficient billing, collections, and reimbursement processes
- Collaborate with clinical and administrative teams to improve payer reimbursement and manage denials, ensuring revenue optimization
- Oversee all aspects of 401(k) plan accounting and administration, ensuring accurate tracking of contributions, distributions, and investment performance
Qualifications
- Bachelor’s degree in Finance, Accounting, Business Administration, or related field (MBA/CPA preferred)
- Minimum of 10 years of experience in financial leadership roles, ideally with experience in healthcare or a similar service industry (but not required)
- Expertise in financial management, budgeting, tax compliance, and revenue cycle management
- Strong understanding of payroll processes, tax regulations, and audit preparation
- Proven experience in supporting multiple business units or ancillary companies in financial planning and analysis
This is an in-office position located on the north side of Chicago. Not accessible by public transportation. Local candidates only.