Company Overview & Objectives:
California Medical Evaluators is a growing medical-legal company with a network of over 150+ physicians and approximately 80+ employees performing medical-legal evaluations throughout California. If you are looking for a dynamic environment in a fast-growing company to utilize your skills and grow, then this is the place for you.
California Medical Evaluators Mission Statement:
California Medical Evaluators brings a unique approach to independent medical examinations. We simplify the medical-legal evaluation experience by leveraging our vast network of highly qualified medical experts who provide simple and sound answers to complex medical-legal questions.
POSITION SUMMARY:
The Vice President of Finance will report to the CEO and will be responsible for the accounting, budgeting and forecasting, cash management, financial planning, financial reporting, risk management, systems, lender management and tax functions. He or she will be the highest-ranking finance professional in the organization. The department also includes an accounting supervisor, a senior accountant, and an AP analyst. The collections department also will report into this role.
The VP of Finance will be a key member of the senior leadership team and will partner with the CEO and COO to develop and execute the Company’s financial strategy including analysis and reporting of key performance metrics. He/she will direct and oversee all financial activities of the Company.
KEY RESPONSIBILITIES:
The VP of Finance will serve as a business partner to the CEO and COO and will help drive the company’s performance by providing strategic financial and operational direction and leadership to the business. He/she will develop tools and systems to provide critical financial and operating information to the management team and make actionable recommendations on both strategy and operations. He/she will be tactical and forward looking while oriented toward strategic, operational and financial planning and budgeting, business analytics, cash flow management and investment/ROI analysis.
- Work closely with the CEO and COO to develop strategic, operational and financial plans.
- Oversee the organization’s fiscal function and performance at all levels.
- Prepare monthly reports, including monthly business reviews shared with Board members and lenders, income statements, balance sheets, cash flow statements, tax returns, as well as ad-hoc reports for management, third-party lenders and equity owners.
- Actively manage the balance sheet, ensuring all operational and strategic decisions are made after careful consideration of the short-term, medium-term, and long-term financial health of the business.
- Continually optimize working capital position to maintain operational flexibility
- Actively manage the deployment of the growth and maintenance capital budget
- Prepare annual and monthly budgets and forecasts and develop appropriate analytical tools to help proactively drive business results.
- Enhance cash management and forecasting capabilities through the improvement of internal controls and processes
- Review, update, optimize and oversee variable compensation plans.
- Work with the leadership team to develop key performance indicators, and create, and manage against, an operational dashboard to report on KPIs.
- Work with team to analyze return on investment of various market opportunities.
- Handling of banking relationships.
- Actively participate in the due diligence of potential bolt-on acquisition targets
- Actively participate in all capital raising and/or re-financing activities
- Work to identify potential SG&A cost savings and/or improved payment terms
- Manage the annual audit process.
- Oversee preparation and payment of federal, state and local tax reporting and payment as well as compliance.
- Oversee all payroll activities
YEAR ONE KEY SUCCESS FACTORS
The VP of Finance will be responsible for and evaluated regarding their success in the following key areas:
Process Improvement: Core finance, accounting and treasury business processes, such as cash flow monitoring and management, budgeting, monthly close, audit procedures, tax planning/structuring, and internal and external reporting packages, need to be evaluated and potentially improved.
Overhead Base & Margin Optimization: The VP of Finance will work with the CEO and COO in critically evaluating the overhead base of the Company with the goal of optimizing cost and efficiency against the requirements of executing the high growth goals of the long-term business plan. This will involve evaluating and, when appropriate, revamping business processes, giving recommendations on modifying the fixed and variable compensation plans of the Company, as well as eliminating and/or repurposing non-essential costs.
Financial Planning & Analysis: Operating management needs meaningful financial information, inclusive of KPI metrics that track the business, that they can understand (or can be coached to understand) and manage against with the goal of improving the business operations; the VP of Finance will work with the COO to help facilitate operational improvements.
Leadership & Culture: The VP of Finance will have demonstrated that he/she can partner with the executive team and embody a collaborative and consensus-driven approach to decision making. He/she will offer empathy and coaching/mentoring to help others succeed in a changing environment.
Execution: The VP of Finance will be apprised of all details of the business. He/she will have spent time understanding and working in/on the business. He/she will have established a track record of consistency in delivering results. He/she will have established themselves as a respected team member, as a value-added contributor to the business, and as a strategic and operational partner to the COO, CEO and to the team.
EXPERIENCE:
The ideal candidate will have a demonstrated track record as a successful VP of Finance or Controller in an established growth company that requires the implementation of systems, processes and discipline. In addition, the ideal candidate will have experience with the following aspects of business: (A) business services and/or healthcare services, especially physician practice management; (B) dealing with insurance payors; (C) working in a small, entrepreneurial environment. Last, the ideal candidate will have experience establishing and managing the systems and processes that allow a business to scale.
- An Undergraduate or Graduate degree in Accounting, Business Administration or Finance. A CPA and/or an MBA are highly desirable.
- 10+ years of experience in increasingly senior finance leadership roles
- Proven experience with both lenders, private equity and transactions is helpful.
Additional key characteristics include:
- Operates with high integrity, builds trust, quickly wins and sustains credibility in relationships with others; personally approachable.
- Excellent financial skills, with the ability to detect trends from financial statements and provide analysis to senior managers to improve their decision-making ability.
- Well-developed problem-solving skills, with an emphasis on innovative and creative solutions that result in higher profitability.
- A self-starter who needs little direction; is highly self-motivated.
- Excellent communication skills, both oral and written.
- Strong track record of implementing and executing tactics to achieve key strategic initiatives.
- Results oriented and achievement motivated.