What are the responsibilities and job description for the Vice President of Finance position at Cantex Continuing Care Network?

Job Details

Job Location

ProCare (APCP) - Dallas - Addison, TX

Position Type

Full Time

Job Category

Ancillary Services

Description

Job Summary :

ProCare Advantage, a Medicare Advantage ISNP and CSNP, is seeking an experienced and highly analytical VP of Finance to lead all financial functions, including planning, reporting, and analysis for the organization. This role will be responsible for overseeing financial operations, preparing, analyzing and supporting strategic decision-making through actionable insights of the financial statements (P&L, EBITDAR, revenue, costs, and MLR.), This will include the production of periodic financial reports, maintenance of an adequate system of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company's reported financial results and ensure that reported results comply with generally accepted accounting principles.

Qualifications

Qualifications :

Education : Bachelor's degree in Finance, Accounting or Business Administration
CPA or MBA preferred
Experience : 3 - 5 years of experience in financial management, preferably within healthcare, Medicare Advantage or SNP environments (ISNP, CSNP or DSNP)
Experience in financial reporting, budget Management and forecasting
Proficiency in financial software and tools, experience in Microsoft Dynamics preferred
Effective communication and collaboration skills
Ability to present complex financial data to executive leaders, clients and non-financial stakeholders
Knowledge of CMS regulations and reporting requirements is highly desirable
Analytical thinking and problem-solving
Attention to detail and accuracy
Strong organizational skills
Ability to thrive in a fast-paced, evolving healthcare environment

Essential Functions :

Planning, directing, and coordinating all accounting operational functions

Guides financial decisions by establishing, monitoring, and enforcing internal controls, policies, and procedures

Provides status of financial condition by collecting, interpreting, and reporting financial data

Developing and monitoring business performance metrics

Prepares special reports by collecting, analyzing, and summarizing information and trends

Managing the accumulation and consolidation of all financial data necessary for an accurate accounting of consolidated business results

Coordinating and preparing internal financial statements

Providing management with information vital to the decision-making process for business operations

Assisting with the budget process

Assessing current accounting operations, offering recommendations for improvement, and implementing new processes

Evaluating accounting and internal control systems

Key Responsibilities :

Financial Management & Reporting :

Prepare, analyze, and present monthly, quarterly, and annual financial statements, including Profit & Loss (P&L) reports, balance sheets, EBITDAR, and key performance indicators (KPIs)

Work with appropriate parties to resolve potential or unforeseen challenges

Develop and maintain accurate revenue, cost, and margin tracking, including Medical Loss Ratio (MLR) analysis

Monitor cash flow, forecasting, and working capital to ensure financial stability.

Maintain a documented system of policies and procedures

Manage outsourced functions

Oversee the operations of the billing department, including the design of an organizational structure adequate for achieving the department's goals and objectives

Recommend benchmarks against which to measure the performance of company operations

Calculate and issue financial and operating metrics

Assist the FP&A department with the production of the annual budget and forecasts as needed

Provide information for the preparation of Medicare cost reports

Provide financial analyses as needed, in particular for capital investments, pricing decisions, and contract negotiations

Budgeting, Forecasting & Transactions :

Lead the preparation of annual budgets and financial forecasts

Provide variance analysis between actuals and forecasts, offering recommendations for corrective actions when necessary

Ensure claims are submitted timely and within payor guidelines

Ensure timely and accurate posting of cash receipts

Payor setup completed / updated in EMR

ERA / EFT setup completed in billing clearinghouse or other portals

Maintain system to process payments

Review of all AR accounts

Compliance & Risk Management

Develop and implement internal controls to safeguard assets and maintain financial accuracy

Comply with local, state, and federal government reporting requirements and tax filings

Strategic Analysis & Decision Support

Deliver financial insights to support executive decision-making and strategy development

Analyze market trends and operational data to identify opportunities for financial improvement

Drive initiatives to optimize EBITDAR and reduce MLR

Implement best practices in financial processes, systems, and tools

Collaborate cross-functionally with operational, clinical, and administrative leaders to align financial goals

Corp

We are an Equal opportunity employer; We offer an excellent benefit plan to include 401K with match, CEU reimbursement, vacation, sick, holidays, medical, dental, and supplemental insurance Plans as well as a Highly competitive compensation package

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