VP of Finance

POSITION TITLE:

VP of Finance
REPORTING TO: CFO
LOCATION:
Chicago, IL

The Alden Networkisoneofthelargest Chicagolandprovidersof  skilled nursing, assisted living, healthcare, andseniorlivingservices. Alden started in 1971 and offers over 35 locations throughout the Chicago area, Rockford, and southern Wisconsin. Services span the continuum of care - from short-term orthopedic recovery and post-acute services, to assisted living and skilled nursing, to independent retirement communities. Wealso provide rehabilitation for both seniors andyoung adultswithmoreintensivehealthcareandtherapyrequirements,alongwithspecializedcareforthememoryimpaired, comprehensive therapy services, pharmacy, home medical equipment, and more.

This is a newly created position and will report to the CFO. This role was created to ensure comprehensive financial management,includingoversightoftherevenuecycle department,accounts payables department,payroll reporting and analysis, cash-flow management reporting, tax compliance, 401(k) accounting, and support with financial audits. The Vice President of Finance will provide strategic financial guidance and leadership while supporting budgeting, payroll analysis, and ensuring regulatory compliance across multiple entities within the organization.

• Develop,implement,andmonitorfinancialstrategiestosupportthelong-termgoalsoftheorganizationandits ancillary businesses.
• Providefinancialinsights,forecasts,andreportstoguideoperationalandstrategicdecision-making.
• Collaboratewiththeexecutiveleadershipteamtoevaluatefinancialperformance,identify risks,and recommend areas for improvement.

• Overseetherevenuecycledepartmenttoensureeffectiveandefficientbilling,collections,and reimbursement processes.
• Collaboratewithclinicalandadministrativeteamstoimprovepayerreimbursementandmanagedenials, ensuring revenue optimization.
• Ensurecompliancewithhealthcareregulationsandbestpracticeswithintherevenue cycle.

• Managecashflowforecastingtoensuresufficientliquidityforoperationalneedsandstrategic initiatives.
• Optimizepaymentprocesses,maintaincostcontrols,andstrengthenrelationshipswith vendors.

• Leadtheannualbudgetingprocessforthe Long-Term Care Networkanditsancillarybusinesses ,ensuring alignment with organizational goals.
• Providedetailedanalysisofbudgetvariances andworkwithdepartmentheadstoensurebudget adherence.
• Conductregularbudgetreviewsandfinancialplanningsessions,offeringactionableinsightsintoimproved financial performance.

• Analyzepayrolldatatoprovideinsightsonlaborcosts,overtime,andotherkeymetricsimpactingfinancial performance.
• Ensurecompliancewithwageandhourlaws,tax reporting,andotherpayroll-related regulations.

• Leadthepreparationandfilingofallincometaxreturns,ensuringcompliancewithfederal,state,andlocal regulations.
• Developtaxstrategiestominimizeliabilitiesandmaximizetaxefficiencyfortheorganizationanditsancillary entities.
• Staycurrentontaxlawchangesandadvisetheexecutiveteamontheirpotential impact.
• Coordinatetaxauditsandrespondtoanyinquiriesfromtax authorities.

• Overseeallaspectsof
  401(k) planaccountingandadministration,ensuringaccuratetrackingofcontributions, distributions, and investment performance.
• Ensuretheorganization'sretirementplanscomplywithapplicableERISAregulationsandIRS guidelines.
• Leadthepreparationforannual
  401(k) plan audits,coordinatingwithexternalauditorsandaddressinganyaudit findings.
• WorkwithHRAndthird-partyadministratorstomanageemployeecommunicationandcompliancewiththe 401(k) plan.

• Buildandmaintainrelationshipswithexternalauditors,tax advisors,banks,and financial institutions.
• Workcloselywithexternalconsultantsandlegalcounseloncomplexfinancial matters.

• Bachelor'sdegreein
  
  Finance,Accounting,Business Administration,orrelatedfield(MBA/CPA preferred)
• Minimumof8yearsofexperienceinfinancialleadershiproles, withsignificantexperienceinhealthcareor long-term care industries
• Expertiseinfinancialmanagement,budgeting,tax compliance,revenuecyclemanagement,and
  401(k) plan administration
• Strongunderstandingofpayrollprocesses,tax regulations,andaudit preparation
• Provenexperienceinsupportingmultiplebusinessunitsorancillarycompaniesinfinancialplanningand analysis