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Chief Financial Officer

Company: Consensus Health
Location: Camden
Posted on: September 18, 2023

Job Description:

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process. Full Time 1.0 Senior Management Evesham, NJ, US 2 days ago Requisition ID: 1529 Department/Location: Finance [Hybrid; Marlton, NJ Office & Remote]Reports to: -CEOFLSA Status: ExemptDirect Reports: -YesCompany OverviewAt Consensus Health, we believe better healthcare begins with a community of strong, independent providers delivering high quality, compassionate patient care with improved outcomes. As New Jersey's fasting growing independent medical group, Consensus Health offers full clinical and operational integration with our value-based care programs, enabling providers to transform the healthcare delivery experience. In addition, Consensus Health owns and manages New Jersey's oldest Independent Physician Association ("IPA") with over 1,000 providers throughout the state. At Consensus Health we believe in fostering an environment of collaboration, participation, and respect. A cornerstone of that belief is a commitment to attracting talented and dedicated team members who work together for the common purpose of providing clinical excellence.Consensus is committed to attracting, developing, and retaining talented people who are passionate about helping physicians and their staff deliver better care to patients and whose values align with ours. We empower our employees to bring the right solutions forward to strengthen the relationship between providers and patients and ensure that our staff are well served. -Position Summary -The CFO will lead all financial strategy and operations and drive the financial statements for an organization that is transforming multiple existing portfolio companies and start up organizations into a significantly complex growth-oriented organization. The CFO will partner with the senior management team to scale the business while driving significant growth in profitability and cash flow. The executive will build and manage a highly effective finance and accounting organization with the people, systems, and processes to efficiently support the demands of a rapidly growing business. The candidate will also be responsible for managing and reporting the financial results of the Company, and for the development of a financial and operational strategy appropriate for the Company, development of metrics, budgets, cash forecasting and the ongoing development and monitoring of control systems designed to preserve Company assets, provide legal protection, and report accurate financial results. This person will also provide guidance to the Senior Management team and board of directors to assist in making educated economic decisions about the Company's future including expansion and acquisition decisions.Duties and ResponsibilitiesThe duties include, but are not limited to: -

  • Owns company P&L in partnership with senior executive team and portfolio company leadership.
  • Plan, develop, organize, implement, direct and evaluate the organization's fiscal function and performance.
  • Participate in the development of the corporation's plans and programs as a strategic partner.
  • Develop credibility for the finance group by providing timely and accurate analysis of budgets, financial reports and financial trends in order to assist the CEO, the Board, investors and other senior executives in performing their responsibilities.
  • Coordinate preparation for external audits and filing of tax returns and ensure proper maintenance of accounting records and documentation in compliance with statutory requirements and company policies.
  • Achieves medical cost, medical loss ratio and operational income targets set in forecasts.
  • In partnership with executive leadership, develops and maintains long-term company strategic plan, including five-year financial plan and specific strategic initiatives, related investment/capital deployment requirements and cost/benefit analyses.
  • Optimize the Finance operating model, including recruitment and development of talented financial professionals, implementation and maintenance of financial systems, and development of financial processes.
  • Manages the company's annual operating budget and forecasts. Presents company and operating unit financial forecasts and results to executive management, board of directors, regulators, health plans and other stakeholders.
  • Owns medical cost trend and cost of care for both planning and performance purposes; ensures that company fees and balance sheet capitalization/reserves are adequate to cover company financial obligations.
  • Oversees the financial terms of all Consensus contracts with health plan clients and coordinates related activities such as establishment of medical cost benchmarks, continuous financial performance monitoring and settlements of contingencies under each contract (i.e., performance penalties and/or incentives).
  • Ensures that Consensus network participation providers meet financial contractual targets and settles payments owed under such contracts.
  • Leads a medical economics and actuarial team that collects, maintains, and analyzes customer-specific data (claims data, medical costs, membership, cost/effectiveness of care management services provided) for use in driving customer strategies and risk management objectives.
  • Prioritizes and coordinates all cost of care analytics for the business, including data environment to ensure relevance of information applied in management of business and used to optimize effectiveness of care management activities.
  • Maintains consultative relationship and partnership with the CEO, other executives and portfolio company leadership to optimize complex case management and utilization management practices to achieve Industry leading medical cost performance and clinical staffing levels.
  • Maintains and analyzes claims experience and contract KPI data associated with the health plan provider network (and Consensus network) in applicable geographic territory.
  • Understand provider revenue cycle management, billing and coding and A/R estimation and collections.
  • Understand actuarial sciences.
  • Other duties and responsibilities as they may be assigned.Qualifications or Education, Training and Experience
    • Undergraduate degree in Accounting, Business Administration, or Finance required. Graduate degree in Finance or MBA preferred. CPA required.
    • Minimum 10 years' experience in accounting and financial management practices.
    • Experience within managed care/value-based care with a healthcare organization required.
    • Expertise in financial risk planning in the health insurance context, including projecting and calculating medical costs and IBNR.
    • Experience collaborating with senior executives and BOD/investors.
    • Proven GAAP and financial reporting technical expertise, accounting software and spreadsheets; public accounting foundation and/or CPA preferred.
    • Proven business negotiation skills; track record of successful negotiations with a variety of counterparties and vendors.
    • Experience with direct contract negotiations of financial terms with external clients.
    • Experience with either health plan payers, Medicare Advantage, managed Medicaid, and a national public auditing firm specializing in healthcare are preferred.Knowledge and Skills/Expected Competencies
      • Customer service focused with excellent analytical skills, interpersonal skills and executive presence required. Experience presenting complex plans and results to boards of directors and senior decisions makers.
      • Ability to balance multiple projects and adapt to new issues/assignments as business needs change, comfortable with ambiguity.
      • Strategic and growth-oriented mindset
      • Demonstrated ability to influence, negotiate and have a sales/growth perspective are key requirements for success in this role.
      • Must be able to manage multiple priorities and meet tight deadlines.
      • Must be meticulous and have excellent analytical skills.
      • Must have effective communication skills, both written and verbal, and experience with communication at an executive level.
      • Must be able to interact with all levels of staff, including all senior management.
      • Supervises accounting department to ensure proper functioning of all systems, database, and financial software.
      • Ensures development and application of appropriate processes, procedures and internal controls and compliance with all financial and accounting procedures.
      • Performs special projects and other tasks as requested by management.
      • Uphold the mission and values of Consensus in all aspects of your role and activities.Physical/Mental Demands and Work EnvironmentThe physical demands described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. -Examples of Work EnvironmentWhile performing the duties of this job, the employee is regularly required to walk, bend, sit, talk, lift, or hear. -The employee is regularly required to stand, walk and use hands and arms to operate general office equipment (PC, telephone, file cabinets, copier, postage meter, fax machine and printer). -The employee may occasionally lift and/or move between 10 and 25 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus. The employee may need to travel to healthcare practices.The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The noise level in the work environment is usually low to moderate.The Company reserves the right to modify the job description based upon its needs and may require the employee to perform functions beyond those mentioned above. Neither this job description nor any other communication creates an employment contract between the Company and the employee.Equal Employment -Our culture encourages individual development, embraces an inclusive environment, rewards innovative excellence and leads New Jersey in provider and patient satisfaction. Consensus Health valuesdiversity, inclusion, and equity as matters offairness and effectiveness. -We are committed to hiring and retaining a staff that reflects the diversity of the communities we serve, fostering an -inclusive working environment where staff of all backgrounds feel welcomed and engaged. -Consensus Health is an Equal Opportunity Employer and encourages applications from individuals underrepresented in the medical sector, including people of color, and persons with non-traditional work and educational experience. All who believe they meet the stated qualifications are invited to apply. Company SafetyWe believe that the best care for our patients starts with the best care for our employees. Consensus Health is committed to proactively creating and maintaining an environment that is safe for our team and patients. Employees are required to wear Personal Protective Equipment (PPE) including face masks, gloves, gowns, and more as appropriate. -

Keywords: Consensus Health, Camden , Chief Financial Officer, Executive , Camden, New Jersey

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