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Company
Based in Atlanta, with operations in GA, FL and TX, Advanced Care Partners (ACP) provides skilled nursing care and personal care support services to medically fragile patients, primarily children. Advanced Care Partners has a unique family centered culture inspired by their mascot, the Emperor Penguin: they are committed, caring and vigilant with a team mindset to go above and beyond to serve the under-served.
Founded in 2010, Advanced Care Partners has focused on providing patients with exceptional nursing care and outstanding customer service in a family centered culture. Services are centered around loved ones and their needs and are administered by the best caregivers in the industry and are based on three core principles of: Care, Compliance, and Integrity.
About Council Capital
Advanced Care Partners is backed by Council Capital. Council Capital is a healthcare-focused private equity firm based in Nashville, Tennessee. Council Capital invests in lower middle market healthcare-related companies where it believes it can drive growth by applying its Council Model, which draws upon the resources and experience of its CEO Council (experienced industry executives), Strategic Healthcare Investors, and Value Creation Team. Council Capital leverages its Council Model to attract and support leading management teams and portfolio companies on the ‘right side’ of change in the healthcare industry – where growth will accelerate as cost pressure and quality demands increase. Council Capital targets control and minority investments with enterprise values typically between $10 million and $100 million.
Position Background
The CFO will provide the company with analytical support, operational insight, and judgment to profitably grow the business. He/she will help set the bar for overall financial performance improvement and strategic direction of the company, serving as an effective, energetic, compassionate, and empowered voice on the senior team on all strategic decisions. The CFO will serve as a key driver to
help position the company to grow EBITDA partnering with the executive team to build business cases for investment and link to ROI and EBITDA. The CFO will take the lead to identify opportunities to drive margin while closely monitoring operating expenses and cash flow. The CFO will also take a lead role in evaluating acquisition opportunities and provide analytical leadership for ACP’s de novo growth strategy.
Reporting directly into the CEO, the CFO will be responsible for the following:
• Lead Financial, Treasury, Audit, and Tax functions to define and meet the business objectives and implement performance metrics so he/she can deliver imperatives that enable the company to achieve its long-range goals.
• Establish that effective internal controls are in place and assures compliance with all applicable federal, state and local regulatory laws, including GAAP, and rules for financial and tax reporting.
2 / 3
• Direct leadership responsibility over the largely Medicaid-based Revenue Cycle Function, which is lead by a new RCM Director.
• Maintain internal control safeguards for the receipt of revenue, costs and both team and organizational budgets and actual expenditures.
• Establish financial and operating benchmarks, budgets, program monitoring, and reporting standards on a weekly, monthly, and annual basis.
• Implement consistent accounting policies, practices, and procedures across all programs, upholding federal, state, and local legal standards by remaining knowledgeable about existing, new, and future legislation. Existing Controller oversees the Accounting function and will report directly to the CFO.
• Develop and enforce internal controls to maximize protection of company assets, policies, procedures, and workflow.
• Motivate and support finance, payroll and accounting teams with dynamic leadership that creates an environment of trust and productivity.
• Lead financial systems integration and serve as a strategic partner in financial due diligence for future M&A deals leads financial integration plans and achievement of determined proforma synergy objectives.
• Exercise effective management control regarding revenues, expenses, resource utilization, capital expenditures, cash flows, ROI analyses for capital budgeting, and return to shareholders. Drive timely closings of each monthly financial period.
• Ensure the finance function yields quality, timely, and reliable financial information for management and board (e.g., TTM EBITDA, 13-week cash flow forecasting, rolling 12-month forecast, etc.)
• Improve budgeting process with templates and rationale for spending that are transparent to the team.
• Build high-trust relationships with debt and equity holders by providing proactive, open, and transparent in stakeholder communication, preparing defect-free certificates, and reporting packages for lenders, and managing covenant compliance and communications proactively.
• Deliver timely, accurate and standardized financial reports to the senior team, investors, and other stakeholders as well as detailed, monthly Management Discussion & Analysis reports for the Board.
• Drive ad-hoc analysis to assist in make key decisions for the company.
A Bachelor’s degree in finance or business-related curriculum is required. An MBA, and/or CPA and other advanced degrees or certifications are preferred but not required.
Business Acumen and Judgement
• An FP&A skilled CFO, where prior CFO experience, third-party insurance provider reimbursment and strong ties to Atlanta, GA are preferred
• Ability to focus on business results and the experience and confidence to interact with and present to key stakeholders.
• Strong performance accountability orientation, both in terms of following through on commitments and deadlines for her/himself and for those on the team.
• Integrity and good judgment, with the ability to effectively deal with highly sensitive, confidential information.
• Results-focused with the ability to translate business requirements into actionable goals and objectives for the group.
3 / 3
• Works with a high degree of integrity and passion for success.
Conceptual and Analytical Skills
• Strong sense of urgency and commitment, as well as a strong business sense with a strategic, conceptual, and operational orientation.
• Ability to embrace change and utilize evolving environments as opportunity to improve business and bring about success within the company.
• Strong project management, organizational and analytical skills.
Leadership Skills
• Effective team player possessing enthusiasm and the ability to motivate others.
• Ability to demonstrate mission driven characteristics and model the company culture.
• Proven mentoring and coaching skills with the ability to train and develop others.
• Proven leadership skills and management experience with an ability to recruit, develop, inspire and retain a high performing organization, and effectively deal with various personalities; this should involve a strong track record of continual performance improvement within the team.
Communication
• Strong skill sets in the areas of presentation, facilitation, consultative, written, and verbal communications.
• Ability to work effectively with the senior business and administrative leaders, as well as with the entire organization.
• Develops and maintains excellent working relationships; encourages open and constructive discussion of issues and challenges.
• Dependable and possess a “can do” attitude with high level of emotional intelligence.
• The above statements are intended to describe the general nature and level of work being performed by employees in this classification.
