Vice President, Finance

Vinfen Corporation

Transforming Lives Together

Job Description

Schedule: Monday - Friday 9 am to 5 pm (Hybrid remote / in office schedule)

Salary:  To be discussed in interview process

The Vice President of Finance is responsible for the operational and personnel management of the following Finance Department areas: the Revenue Team, the Controller's General Accounting Team, Payroll, Purchasing, Accounts Payable, and Rep Payee functions. He or she ensures strong individual and team performance as well as operational efficiency and achievement of departmental and organizational goals. He or she is a member of and works closely with Vinfen's executive team representing the finance department at senior operational management meetings.

The VP of Finance responsibilities heavily emphasize revenue cycle management including billing and collection and the related IT systems as well as the related internal and external reporting. He or she must possess a solid understanding of Generally Accepted Accounting Principles.

Significant prior health and human services experience is necessary including third-party billing and collections. This should include behavioral health, ambulatory behavioral health/clinic services, and intellectual and developmental disabilities.

The Vice President of Finance also:

  • Manages the leaders of the revenue cycle in the performance of all operational activities including all facets of billing and collections. Includes management of the related information systems (e.g., electronic health records and accounts receivables subsidiary ledgers and agings). Also includes all related internal and external reporting (e.g., utilization reports and timely actionable information for the field/operations).
  • Actively participates in cash collection activities and denials management. Must have experience and willingness to engage in deep dives to identify problems and develop action plans as needed to improve collections.
  • Continues the development and establishment of best practices for regular receivables review, analysis, and collection processes. Implements any needed changes.
  • Monitors the establishment of procedures, controls, and operations of the HUD and housing subsidy processes to ensure the timely billing and receipt of all related tenant and funding agency funds.
  • Manages the leaders of all operational areas of the Finance Department described above; defines individual staff responsibilities, metrics and measurements, and performance goals; holds staff responsible for meeting departmental and organizational goals.
  • Mentors and ensures the strong individual performance of direct reports; performs coaching, employs employment improvement plans, as needed.
  • Evaluates financial leadership team tools and methods to improve departmental effectiveness; rolls out tools and training on tools; ensures adoption.
  • Evaluate processes; plans and successfully implements process improvements; measures improvement and assesses any obstacles; recommends and implements refinements.
  • Oversees the Controller's preparation of the monthly and annual financial statements and other financial reporting, both internal and external.
  • Oversees the Controller's organization and leadership of the annual external financial audits and other periodic audits; holds team members responsible for their potions of the audits.
  • Suggests and oversees implementation and expanded utilization of financial software applications to improve efficiency in the general ledger, financial reporting, revenue, payroll, and other related areas.
  • Participates in the development of the annual budget, and the adjustments to the budget through the fiscal year.
  • Continues the refinement and maintenance of the cash forecasting process and data.
  • Coordinates the procedures and controls over the company-wide Rep Payee processes.
  • Participates in acquisition initiatives, including due diligence and plans for integration of systems and personnel.
  • Acts as a financial resource for non-financial departments.
  • Acts as backup to the Chief Financial Officer to support overflow activities.
  • Perform other duties, as assigned.

Response to Covid-19

In accordance with federal mandates, all new employees, interns, and volunteers within Vinfen's Massachusetts programs will be required to be fully vaccinated (14 days beyond last shot of Pfizer or Moderna or 14 days beyond receiving a Johnson and Johnson vaccine), or have received the first shot in a two-dose vaccine (Pfizer or Moderna) with an appointment scheduled for the second dose. A 2nd dose must be received within six weeks of hire and the first shot prior to New Employee Orientation or have an approved exemption for medical or religious reasons by the first day of employment with Vinfen,

Our response to promote safety during the coronavirus includes:

  • Hiring process conducted via virtual and phone interviews
  • Virtual New Employee Orientation and Virtual training
  • Increased sanitation measures in all programs and group homes
  • PPE provided to all positions working closely with others
  • Restricting visitors in programs to reduce chances of exposure

Requirements

  • Bachelor's degree in finance, accounting, or a related field, required. Master's degree in finance, accounting, or a related field, required.
  • Minimum 15 years of experience at a management level. Must include senior management level experience at a comparably sized organization or C-Suite level experience at a smaller
  • CPA certification preferred.
  • Management-level experience in a variety of finance disciplines, including revenue cycle, general ledger, accounts receivable management, purchasing and accounts payable, and payroll processing
  • Significant prior health and human services experience, including third-party billing and collections, is required.
  • Significant direct experience with the revenue cycle, collections, and third-party billing and payments.
  • Knowledge of accounting principles, preferably in both for-profit and not-for-profit environments
  • Experience with operational finance and an understanding of non-financial areas, such as operations, business development, human resources, and information technology
  • Excellent management and employee development skills
  • Ability to communicate clearly with all levels of the organization, to both financial and non- financial employees
  • Capability to represent the finance organization to internal and external stakeholders
  • Ability to conceptualize at a strategical level and think at a detailed level
  • Must be able to successfully pass a CORI, reference, and multi-state background.

Why Vinfen? We are committed to you! We offer great training, great benefits, career growth and job security!

Our comprehensive and generous benefits package includes:

  • A fully funded, employer-sponsored retirement plan that requires no employee contribution as well as an employee-funded 403(b) plan
  • First-rate Medical, Dental and Vision plans that are open to all employees scheduled to work 30 hours per week or more. Plus, we offer a generous employer contribution toward the cost of medical insurance!
  • Employer-paid Life, Accidental Death & Dismemberment and Long-Term Disability Insurance
  • Employer-paid Short-Term Disability Insurance along with the option to purchase additional, voluntary, Short-Term disability insurance
  • Flexible Spending Accounts (Health and Dependent care)
  • Voluntary Term, Whole Life, Accident and Critical Care Insurance
  • Generous paid time off (Employees scheduled to work 20 hours or more per week):
    15 days of Vacation per year
    12 Paid Holidays
    10 Sick Days per year
    3 Personal days per year
  • Educational Assistance and Tuition Remission Programs
  • $500 Employee Referral Bonus with no annual cap!
  • Other generous benefits including discounted YMCA memberships, access to discounted movie tickets and more

Founded in 1977, for 40 years Vinfen has been a leading nonprofit human services organization that "transforms lives" by building the capacity of individuals, families, organizations and communities to learn, thrive and achieve their goals. To learn more about Vinfen, and/or to apply to this or other Vinfen positions, please visit our website at www.vinfen.org/careers. My Job. My Community. My Vinfen. 

Vinfen is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.