Director of Finance - HealthTech - job 2 of 4

Santa Monica, California, United States

The Director of Finance will play a key role in helping the healthtech industry's leading venture-stage firms build their businesses by providing in-depth financial and analytical guidance. This person will operate with a high level of independence and play a leadership role within the Propeller service team. For a senior finance professional looking for long-term job stability and a CFO-track position; this is an excellent opportunity to learn the complexities and interdependencies of early-stage, high-growth companies.

Propeller’s Healthtech team has been a partner to some of the top emerging healthtech brands of the last decade. Current and alumni healthtech clients include: Boulder Care, Mood Health, Quit Genius, Nirvana Health, Healthify, Wild Health, PlushCare, Aging 2.0 and more. 

Duties & Responsibilities:

• Solid experience in firms’ business operations and ability to set up systems and processes to ensure firm-wide controls 
• Strong ability to understand the dynamics of an early stage growth firm in the healthtech space, use critical thinking and enable the firm’s management to make strategic decisions
• Evaluate financial/accounting processes, propose improvements and oversee implementation
• Direct Accounting Team in finalizing monthly closes
• Oversee financial planning/analysis, cash resource management & budgeting 
• Create financial models & provide ad-hoc financial analysis 
• Oversee client relationship management and board reporting 
• Draft management discussion and analysis reports 

Qualifications and Capabilities:

• BA in accounting or finance or related discipline
• 8+ years of accounting and financial experience, with 3-4 years experience specifically in the healthcare or healthtech industry
• Knowledge of the US healthcare system, including insurance coverage, compliance, and regulatory environment
• Deep experience with payors across the commercial-public continuum (traditional, HDHP, Medicare Advantage, Medicare, Medicaid)
• Experience managing revenue cycle (both patient- and payor-side collections experience) including development and maintenance of accrual basis charge-to-collection waterfalls
• Ability to build complex financial models and scenario analyses that include forecasting revenue by provider and/or by CPT code on a unit economics basis
• Deep understanding of software revenue recognition (SW license revenue, SaaS revenue, Subscription revenue, etc)
• Work with multi-entity structures with specific knowledge of the MSO/PC model a plus 
• Experience with multiple EMRs and/or VMS systems and integrations with proprietary digital health products a plus
• Grant accounting experience a plus
• Strong interpersonal and client relationship skills

At Propeller Industries, we encourage our employees and our clients to bring their true selves to the organization. We believe that a diverse team enables us to cultivate and improve upon our culture of inclusion and collaboration. As an equal opportunity employer, we welcome the contributions that you can bring in terms of your education, opinions, culture, ethnicity, race, sex, gender identity and expression, nation of origin, age, languages spoken, veteran’s status, religion, disability, sexual orientation, and beliefs. So however you identify and whatever your background, we encourage you to apply for this role if you share our passion for helping great entrepreneurs build great companies. We look forward to meeting you!

Propeller Industries is the leading strategic finance and accounting partner for venture-stage companies. We leverage our fractional team model, deep industry pattern-recognition, scalable technology stack and global operating platform to deliver an unfair advantage to founders trying to navigate the challenges of growth. We deliver real-time reporting and data access to management teams, which helps them build, shape and scale their businesses. 

Benefits Offered: Generous Vacation & Sick Pay, Medical (Employer pays 100% for Employee coverage), Dental, Vision, Disability & Life Insurance, Annual Commuter Benefits.