Vice President of Finance and Accounting

Vice President of Finance and Accounting Location Chicago, IL :

Reports To: Chief Financial Officer

Responsibilities:

• Implement production, productivity, quality, and customer-service standards.
• Identify trends, determine system improvements, and implement change.
• Meet accounting financial status by monitoring revenue and expenses, coordinating the collection, consolidation, and evaluation of financial data and preparing special reports.
• Maintains accounting controls by establishing a chart of accounts, defining accounting policies and procedures.
• Maintains financial security by establishing internal controls.
• Updates job knowledge by participating in educational opportunities.
• Overseeing all sides of accounting operations, including payables, receivables, payroll, and tax preparation.
• Developing appropriate tracking methods for revenue and expenses.
• Prepare timely and accurate analyses, summaries, and reports of financial data on the operating progress of the organization as needed.
• Create a reliable cash flow projection process and reporting structure that includes a minimum cash threshold to meet operational needs.
• Routinely review revenue cycle metrics to identify and address issues affecting overall performance proactively.
• Manage the organizations' compliance with local and federal regulatory matters.
• Partner with the CFO to ensure the organization meets revenue targets.
• Oversee all sides of accounting operations, including payables, receivables, payroll, and tax preparation.
• Oversee development, oversight, and management of the organization's investment plan.
• Lead and manage the budgeting process.
• Gather financial data for analysis and forecasting with respect to profits, trends, costs, and compliance.
• Coordinate the preparation of annual, quarterly, and monthly reports.
• Manage insurance coverage for the organization, including compliance.
• Ensure compliance with tax laws and regulations specific to the organization's programs and services.
• Regular financial reporting (e.g., preparing monthly, quarterly, and annual financial statements), forecasts, planning, budgeting, financial analysis, cash management, and procurement.
• Timely and accurately provide reporting of financial information to internal parties, government regulators and outside agencies.
• Audit and improve productivity and effectiveness of current cross team processes.
• Manage and supervise all AR/AP cycles with external partners and customers - including the implementation of accounting and billing systems and controls.
• Monitor transactions, investments, and any business-related activities.
• Conduct regular audits of expenditures, assets, and liabilities.
• Ensure compliance with relevant regulations, standards, and best practices.
• Respond daily and accurately to deadlines.
• Ability to adapt to changes within the Finance department by updating the procedures when needed and keeping them current.
• Develop appropriate tracking methods for revenue and expenses.
• Interpret financial performance and work closely with the CFO to create a reporting system to ensure the consistent delivery of data, such as monthly financial statements.
• Perform other duties as assigned.

Education and Experience:

• A bachelor's degree in finance or accounting is required, MA preferred.
• Certifications such as CPA, CFA, and CMA preferred.
• In-depth knowledge of financial benchmarking, accounting, audit and tax compliance and other regulatory matters
• Adept in fiscal management principles and processes, including resource management and needs assessment.
• Advance proficiency level with Microsoft products including Word, Power Point, Excel, etc.
• Efficiency with ERP and EMR platforms such as Centricity, MIP and Sage Intacct is preferred.
• 5-7 years of equivalent work experience in a similar position or progressively in a healthcare organization; FQHC experience a strong plus.
• Ability to manage multiple projects simultaneously.
• Excellent time-management skills.
• Strategic thinking and problem-solving abilities, with a focus on data-driven decision-making.
• Flexibility, adaptability, and a positive proactive approach to challenges.
• Ability to work autonomously in a fast-paced environment.
• Strong organizational skills, including detail orientation with strong follow-up and follow-through skills.