Chief Financial Officer

Employer
InterDent Service Corp
Location
El Segundo, California
Posted
Nov 11, 2024
Closes
Nov 12, 2024
Ref
2848230255
Level
Executive
Certification
Other
Work Mode
Work from office
Hours
Full Time
Employment Type
Permanent
Organization Type
Corporate
Company Overview:

InterDent Service Corporation provides comprehensive dental support and administrative services to over 175 dental practices, employing more than 400 dentists across eight states. These practices, including the Gentle Dental and Blue Oak Dental brands, offer high-quality, patient-centered dental care. Additionally, InterDent operates Capitol Dental Care (CDC), a capitated, value-based care program in Oregon. CDC partners with coordinated care organizations to deliver dental services under the Oregon Health Plan, focusing on preventive care and improving both oral and systemic health for children and low-income patients since 1994.

Our Vision:

To provide exceptional, lifelong, integrated oral healthcare services.

Our Mission:

To enhance the quality of our patients' lives by delivering accessible oral healthcare, essential to overall health and well-being.

Our Values:

Commitment to Patient Care: Dedicated to delivering high-quality care while building trust and respect through education and communication.

Operational & Clinical Excellence: Continuously evolving tools and processes to advance a culture of empowerment and engagement.

Personal Accountability: Adheres to the highest ethical and professional standards, enhancing the company's reputation and brand.

Building Relationships: Fosters collaboration and takes ownership in establishing productive relationships to prioritize organizational goals.

Creativity & Judgment: Innovates while exercising sound judgment and adaptability to improve effectiveness and overcome challenges.

Position Overview:

The Chief Financial Officer (CFO) will report to the Chief Executive Officer and is a key member of the Executive Leadership team and responsible ensuring the organization's fiscal health, profitability, and growth in alignment with its mission. The CFO will oversee all financial activities, including strategic planning, budgeting, forecasting, accounting, and financial reporting and other departments depending on business needs. This role is critical in guiding the organization through organic and inorganic growth initiatives, and optimizing financial performance in a dynamic healthcare environment. The CFO will collaborate with senior leaders to enhance operational efficiency and ensure compliance with healthcare regulations. This role will lead a team of is instrumental in positioning the company for sustainable growth and regulatory compliance.

Key Responsibilities

Financial Strategy & Growth Leadership:

Develop and implement financial strategies aligned with company growth goals, including organic expansion and M&A.

Lead financial planning, forecasting, and budgeting to support multi-state scaling.

Provide strategic financial insights to the CEO, Board, and investor stakeholders for informed decision-making

Operational & Multi-State Financial Management:

Oversee financial operations for healthcare sites in multiple states, ensuring consistent financial processes and reporting.

Ensure compliance with healthcare regulations and GAAP standards across various jurisdictions.

Optimize revenue cycle management, enhancing cash flow and profitability.

Lead and drive financial strategy and goals across the organization with senior leaders and key stake-holders.

Financial Leadership & Risk Management:

Lead and mentor a high-performing finance team to support the company's scaling efforts.

Implement robust internal controls and financial reporting systems to mitigate risks and ensure regulatory compliance.

Continuously evaluate financial risks, implementing controls to safeguard assets, manage and drive insurance programs.

Scaling & Performance Optimization:

Identify and implement financial systems and processes to improve efficiency and reporting accuracy.

Partner with clinical and operational teams to optimize location-level financial performance.

Leverage data and analytics to enhance overall financial decision-making.

Collaboration & Cross-Functional Leadership:

Work closely with the executive team across Operations, Legal, HR, and Clinical departments to align financial strategy with organizational goals.

Foster a culture of financial accountability, equipping site leaders with insights to drive performance.

Private Equity & Investor Relations:

Act as the primary financial liaison with PE partners, communicating performance metrics and strategic initiatives.

Prepare financial reports and presentations for investors, highlighting growth opportunities and key metrics.

Ensure the company's capital structure supports its growth strategy, identifying opportunities for refinancing or new capital.

Mergers & Acquisitions (M&A):

Oversee all financial aspects of M&A, from due diligence and valuation to integration and performance tracking.

Build financial models to assess the impact of acquisitions and divestitures on company strategy.

Collaborate with cross-functional teams to ensure smooth transitions post-transaction.

Qualifications:

Bachelor's degree in Finance, Accounting, or related field; MBA, CPA, or CFA preferred.

15-20+ years of financial leadership, ideally in healthcare or service industry with multi-site/multi-state operations experience.

Extensive experience in Private Equity-backed companies, cash management, and capital management.

Proven success in M&A, including due diligence and post-acquisition integration.

Expertise in managing a mid-cap organization with $200M-$500M in revenue.

Strong understanding of healthcare reimbursement models (Medicare, Medicaid, capitated models, and private insurance).

Demonstrated ability to scale financial operations in high-growth environments.

Proven track record in strategic financial management in a multi-location or multisite healthcare organization.

Extensive knowledge of healthcare regulations, compliance requirements, and industry best practices.

Exceptional leadership and communication skills, with the ability to influence and collaborate with stakeholders at all levels.

Strong analytical, decision-making, and problem-solving capabilities.

Hands-on, detail-oriented, and able to thrive in a fast-paced environment.

Supply Chain experience a plus.

Key Competencies:

Strategic thinker with strong execution capabilities in a fast-paced environment.

Proficient in financial modeling and analysis.

High emotional intelligence (EQ) with a composed demeanor.

Exemplary ethical standards and personal integrity.

Excellent management and leadership skills with a focus on relationship-building.

Decisive and thoughtful in decision-making.

Collaborative team player with a cooperative attitude and intrinsic optimism.

Adaptable, quick learner with strong organizational skills.

Hands-on leader with a servant leadership approach.

Effective under pressure, able to meet deadlines with ease.

Location:

This is an onsite role based in El Segundo, California.

Website: