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Chief Financial Officer

2 months ago


Houston, United States Allergy & ENT Associates of Middle Tennessee Full time

Allergy & ENT Associates is currently open to hire an experienced Chief Financial Officer

About Allergy & ENT Associates:

Established in 1957, Allergy & ENT Associates (www.aentassociates.com) operates 37 clinics in Texas (Houston, Dallas, Austin) and California (Central Valley) specializing in Allergy, Asthma, and surgical ENT services. With over 65 years of providing allergy and asthma treatment, AENT has developed strong name-brand recognition and created a significant clinical reputation.

AENT provides specialized care for the diagnosis and management of all types of allergic and asthma conditions. In addition to their core allergy service offering, AENT is the only Allergy-first platform of scale that also offers ENT as an ancillary service to support its Allergy physicians. Their ENTs support their core Allergy practice and provide a complete continuum of care for their patients.

Mission Statement:

As a multi-state, physician-led team of specialized providers and dedicated staff, we are focused on enhancing the well-being of our patients living with allergy, asthma, and sinus conditions. Our mission is simple: to empower individuals to embrace life to the fullest through personalized, comprehensive, and compassionate healthcare.

Benefits:

Health Insurance

Dental & Vision Insurance

401K

Life insurance

PTO & Holidays

Short- & Long-Term Disability

30% Bonus Target

Position Summary

Allergy & ENT Associates is seeking a Chief Financial Officer. The Company has experienced recent, significant growth via both strategic acquisition and de novo clinic openings. The Company is poised for continued growth throughout the state of Texas, and neighboring states.

The CFO role has primary day-to-day "hands on" responsibility for planning, implementing, managing, and controlling all financial and operational reporting. This includes direct responsibility for accounting, finance, forecasting, M&A, FP&A, capital expenditure analysis, working capital management, treasury, tax, insurance, budget, and internal audit functions. The CFO role will have direct oversight of accounting, finance, revenue cycle management, and IT and will play a key leadership role in financial and operational management systems and process improvements. The CFO is expected to maintain strong systems and controls to safeguard corporate assets and ensure corporate policies are being followed. The CFO is also responsible for managing and integrating tuck-in acquisitions.

Description:

As a key member of the executive management team, the CFO is expected to play a significant role in the development and execution of strategic growth initiatives. The CFO will serve as a strategic and financial advisor to the CEO and the private equity sponsor, providing analytical support, reporting, and financial acumen to help guide the Company's management and initiatives. The CFO will have high business acumen and be a true business partner to the CEO, Board of Directors, and management. The CFO is expected to make a positive impact across the Company and enhance the Company's culture internally as well with customers, suppliers, and key third parties. The CFO is also expected to lead the finance organization and manage the finance team for success.

Essential Duties & Responsibilities

Financial Management:

* Lead the Company-wide development and implementation of goals, policies, priorities, financial strategy, linked metrics and procedures concerning financial and operational management including budgeting, accounting, and FP&A;* Establish sound internal financial management control systems and develops procedures to continuously improve internal control systems;* Lead preparation of ongoing required financial statements and operating reports ensuring compliance with appropriate GAAP standards and regulatory requirements;* Review financial statements and operating reports with all parties of interest;* Oversee and ensure timely and accurate processing of transactions and accounting data and ensure legal and regulatory compliance regarding all financial functions;* Initiate and optimize appropriate strategies to enhance cash flow, working capital and liquidity;* Manage the annual audit process, external GAAP financial reporting and all tax compliance and reporting;* Lead preparation of quarterly Board of Directors package and makes Board of Directors presentations;* Responsible for building yearly operating plan;* Develop/lead a robust forecasting process to provide reliable forward-looking insights and a budgeting function that improves department accountability and current operating results;* Manage and take an active role in preparation/analysis of daily/weekly/monthly reports of key financial and operational metric trends;* Assess organizational performance against budgets with functional leaders and management team;* Develop and manage a high performing accounting and finance staff within appropriate budget constraints for a business of this nature.

Strategic & Analytical:

* Display orientation to profitability and align finance with strategic goals;* Ability to analytically review the business and determine what is driving results;* Ability to communicate complex data in a meaningful way to key stakeholders;* Provide the management team with business forecasts that convey timely insights and enable better management decision making;* Continuous focus on improving EBITDA and communication of strategies and executable action plans to the management team;* Assist in strategy to identify growth opportunities to enhance the Company's profitability and market position;* Play a key role with the CEO, management team and Board of Directors in decisions supported by data and analytics pertaining to strategic initiatives and execution.

IT & Technology:

* Demonstrate high proficiency with Excel and all MS Office applications;* Experience with ERP, financial and operational management systems and can leverage IT to gain efficiency across the Company.

Secondary Functions & Helpful Skillsets:

* Review non-standard contracts and approve financial terms;* Risk management, including appropriate tax and insurance strategies to preserve and enhance the Company's assets and growth plans;* Develop and implement compensation structures, including incentive plans that link with and have potential to enhance the Company's performance.* Lead and participate heavily in the sale preparation process as the Company tracks towards eventual transaction.* Interface with all necessary stakeholders throughout a sale process, including the management team, Board of Directors, banks, etc.

Key Personal Attributes:

* Self-starter mentality with a sense of urgency: "all hands-on deck";* Strong leadership: a proactive and passionate advocate for the business;* Technical analytical skills tailored to the business;* A proactive partner with the management team;* A problem solver who applies business acumen to achieve impactful results;* Exhibit confidence in self and others; inspire and motivate others to perform well;* Create a sense of team spirit and help to create a positive work environment;* Authentic people skills focused on recruiting, motivating and empowering multi-specialty teams;* Ethics: treat people with respect, keep commitments; work with integrity and ethically. Uphold organizational values. Follow through on commitments. Not a silo builder;* Strategic Thinking: develop strategies to help achieve departmental and the Company's goals;* Oral/Written Communication Skills: Speak/write clearly and persuasively in positive or negative situations. Listen and get clarification;* Actively participate in meetings with the ability to manage a meeting room. Present themself in a well-groomed professional manner;* Innovation: Display original thinking and creativity. Meet challenges with resourcefulness, generate suggestions for improving work and develop innovative approaches and ideas;* Adapt to changes in the work environment, manage competing demands, change approach or method to best fit the situation, able to deal with change, delays or unexpected events;* Strong work-ethic, detail-driven and a commitment to doing whatever it takes to get the job done;* Demonstrate exceptional follow through.

Qualifications & Required Experience

* CPA and/or MBA preferred.* Direct multi-site healthcare services experience (e.g., Dental, Dermatology, Eyes, GI, Physician Practice, etc.);* Experience working with a private equity backed company;* "Company Builder" mentality with interest in joining a high growth company at the early innings of its M&A rollup strategy;* Operational focused executive;* Financial reporting experience:* Prepare financial statements and tax returns;* Internal and external audit management;* Manage cash, projections and treasury management;* Expense monitoring and budgeting; including experience with payroll;* Financial planning and analysis (FP&A) to support the business;* Manage and evaluate internal systems and processes, improvements, and upgrades.

* M&A experience:* Experience with tuck-in acquisitions working closely with the CEO and private equity sponsor throughout the process.* Experience with acquisition integration and management of post-close value creation. #J-18808-Ljbffr


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