Executive Summary:
First Steps Recovery (“FSR” or the “Company”), a portfolio company of Avesi Partners (an $884 million private equity fund with offices in Stamford, CT and Richmond, VA), is seeking to add a Controller or VP of Finance (the “New Hire”) to the organization. The New Hire will work closely with the Company’s CFO and other key management team members to help provide financial/accounting support.
About the Company:
First Steps is a leading provider of adult-focused, SUD services across a full continuum of care including medical detox, residential treatment, partial hospitalization programs, intensive outpatient programs, and telehealth therapy. The Company offers gender-specific therapy treatment and employs a differentiated approach to substance abuse treatment by including a medical team overlay on top of its care providers in order to offer the highest quality of clinical care, improve outcomes, and ensure a safe and comfortable patient experience. Additional information is available at www.firststepsrecovery.com/
See press release (https://www.prnewswire.com/news-releases/avesi-partners-announces-investment-in-first-steps-recovery-302122418.html).
Skills / Qualifications:
- Bachelor’s degree in Accounting, Finance, or related field preferred; 5+ years work experience in accounting/finance.
- Thorough knowledge of accounting principles and procedures, including general ledger functions, month/year-end close procedures, and Generally Accepted Accounting Principles (GAAP).
- Experience with FP&A including creating budgets, forecasting and financial analysis.
- Strong technical skills with ERP systems and MS Excel.
- Dynamic leadership and management skills.
- Exceptional time-management and organizational skills.
- Desire to assess, develop, and implement new systems and processes for task automation / enhanced efficiency.
- Understanding of the behavioral healthcare landscape, including reimbursement models, payer systems, and regulatory environment
- Familiarity with healthcare-specific regulations and compliance requirements
- Ability to work well in a diverse, collaborative, fast-paced environment while adhering to high ethical standards.
- Ability to think strategically and give consultative advice to senior leaders.
- Strong verbal and written communication skills.
- Ability to adapt to changes in the work environment while managing competing demands.
- Hybrid role with mix of work-from-home and in-person out of the Company’s Fresno, CA headquarters
Primary Responsibilities:
- Oversee the month-end close process; compile and analyze monthly financial statements in accordance with Generally Accepted Accounting Principles (GAAP).
- Establish budgets for existing and future facilities by collecting, analyzing, and consolidating historical financial data to develop go-forward assumptions and projections.
- Work directly with outside auditors to coordinate and schedule all annual audits, including preparing all required informational schedules and assisting auditors as needed.
- Maintain accounting system (QuickBooks) and manage payroll system (ADP/Paylocity), accounts payable team/activities, ensuring the accurate and timely processing of invoices, employee expense reports, and all payments.
- Perform analytical review of the operations from a balance sheet, income statement, and cash flow perspective as well as an overall business perspective.
- Leverage financial analysis skills to create models that help the company identify areas where profitability can be improved, and expenses reduced.
- Handle daily cash management and produce cash-flow reports, calculating cash needs at weekly and monthly intervals
- Drive ongoing process improvements to reduce the accounting close cycle, increase process efficiency, and enhance the quality of management information.
- Research, prepare and execute Finance Department initiatives such as software and systems implementation and other departmental or firm-wide improvements
- Develop and maintain robust internal controls to safeguard company assets and ensure financial accuracy
- Implement and oversee financial policies and procedures
- Evaluate and manage capital investment opportunities and projects
- Develop and monitor key performance indicators (KPIs) relevant to the behavioral healthcare industry