Demo

Executive Director/VP of Finance

RVNAhealth
connecticut, CT Full Time
POSTED ON 4/7/2025
AVAILABLE BEFORE 5/6/2025

RVNAHealth is seeking a dynamic and experienced Executive Director/VP of Finance to join our leadership team.

This critical role is responsible for overseeing the financial health of our service lines, ensuring sound fiscal management, and supporting the agency's growth and sustainability.

Key Responsibilities:

  • Financial Planning & Analysis:
    • Develop and manage the agency's annual budget, long-term financial plans, and forecasting.
    • Monitor and assess budget performance, providing comprehensive reports to the CEO and Board of Directors.
    • Analyze financial data to identify opportunities for improving profitability, cost-effectiveness, and overall financial health.
  • Financial Reporting:
    • Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow reports.
    • Present monthly, quarterly, and annual financial reports to the Executive Director/CEO and Board of Directors.
    • Ensure all financial reports adhere to GAAP (Generally Accepted Accounting Principles) and other regulatory standards.
  • Compliance & Regulatory Oversight:
    • Oversee compliance with federal, state, and local regulations related to financial reporting and audits within the home care industry.
    • Manage the timely submission of tax filings, financial reports, and other required regulatory documents.
    • Maintain strong relationships with external auditors and regulatory bodies to ensure smooth audits and inspections.
  • Cash Flow Management:
    • Monitor daily cash flow to ensure adequate resources are available for operational needs.
    • Oversee patient billing, insurance reimbursements, and other revenue streams to optimize cash flow.
    • Review and streamline accounts payable and receivable processes to reduce aged accounts and improve cash flow efficiency.
  • Cost Control & Efficiency:
    • Identify areas of inefficiency and recommend cost-saving initiatives that maintain quality patient care.
    • Track operational expenses, labor costs, and overhead, ensuring alignment with financial goals and sustainability.
  • Financial Strategy & Risk Management:
    • Develop and implement financial strategies that support the agency's growth, sustainability, and mission.
    • Assess and mitigate financial risks while identifying opportunities for cost reduction and revenue enhancement.
    • Manage investments and align financial strategies with the agency's long-term objectives.
  • Team Leadership & Development:
    • Lead and supervise the finance team, including accountants and financial analysts.
    • Promote a positive and collaborative work environment through professional development, mentorship, and performance evaluations.
    • Offer guidance on financial processes to non-financial staff and other departments across the agency.
  • Stakeholder Relations:
    • Effectively communicate financial information to the Executive Director, senior leadership, and Board of Directors.
    • Collaborate with department heads to provide financial insights and support decision-making across the organization.
    • Represent the finance department in internal and external meetings with regulatory agencies, vendors, and other stakeholders.

    Qualifications:

    • Proven experience in financial planning, analysis, and reporting, with a minimum of five (5) years in accounting/finance experience at the management level.
    • Experience in the home care or healthcare industry, including HIPAA policies and procedures.
    • Bachelor's degree in Accounting, Finance, Business Administration or related field (CPA, CFA, or MBA preferred).
    • Strong knowledge of GAAP, regulatory compliance, and financial reporting standards.
    • Experience in cash flow management, cost control, and strategic financial planning.
    • Exceptional leadership and team management skills, with a focus on mentorship and development.
    • Strong communication skills, with the ability to present complex financial information clearly to non-financial stakeholders.

    RVNAhealth is a twelve-time winner of the Hearst Media Top Workplaces Award. We offer rewarding career opportunities where you can make an enormous impact.

    We offer:

    • Competitive compensation
    • Extensive benefits, including medical, dental and vision insurance, a 403(b) plan with matching contributions, life and disability insurance plans
    • Paid time off
    • Personal Wellness Days
    • A supportive and employee-centric culture
    • Comprehensive orientation
    • Career path
    • Ongoing educational, training and certification opportunities
    • Wellness programs

    The pay range listed represents RVNAhealth's commitment to pay transparency and is a reasonable estimate of possible compensation for this role at the time of posting.

    RVNAhealth is an Equal Opportunity Employer and prohibits discrimination and harassment of any kind.

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