VP Finance Operations

Overview

Valeris is a fully integrated life sciences commercialization partner that provides comprehensive solutions that span the entire healthcare value chain. Formed by the merger of PharmaCord and Mercalis, Valeris™ revolutionizes the path from life sciences innovation to real-life impact to build a world in which every patient gets the care they need. Valeris works on behalf of life sciences companies to improve the patient experience so that patients can access and adhere to critical medications.

 

Backed by proven industry expertise, a deep commitment to patient care, the latest technology, and exceptionally talented team members, Valeris provides the data and strategic insights, patient support services and healthcare provider engagement tools to help life sciences companies successfully commercialize new products. Valeris provides commercialization solutions to more than 500 life sciences customers and has provided access and affordability support to millions of patients. The company is headquartered in Morrisville, North Carolina and Jeffersonville, Indiana. To learn more about Valeris, please visit www.valeris.com

 

 

Valeris is seeking a highly motivated and experienced VP Finance Operations, which is a key senior leadership role responsible for overseeing the financial infrastructure, systems and processes that support scalable, efficient business financial operations. 

 

This role leads the operational finance function supporting the end-to-end order to cash process (program initiation, change orders and close down) across 6 different business lines.  Reporting to the CFO but working collaboratively with leadership across many departments (finance, operations, legal) to ensure financial integrity, compliance and strategic enablement across the enterprise. This position will need to transform, automate and enhance processes/controls to enable a scalable finance operations function.

Responsibilities

1.  Finance Operations Oversight

·         Treasury strategy and operations and cash management in a complex multi-bank environment which includes overseeing movement of customer deposits between various banking institutions and accounts to ensure balances adequately support program demands

·         Attend and lead financial reviews with clients as requested.

·         Billing and collections for 6 business lines and ensure on time invoice generation and accuracy.

·         Prefund management/analysis and contract adjustments and customer negotiations.

·         Customer Contract Interpretation and Support.

·         Drive adherence and discipline in the month end close process.

·         Accounts Payable for patient affordability processors

·         Reporting and monitoring on prefund balances and Aged AR corrective action plans

·         Partner with Client Services on overall financial health of programs.

·         Instill key KPI’s to monitor key operational finance aspects (DSO, cash flow, close time, invoicing completeness and accuracy, Aged AR) and drive towards self-service reporting.

·         Ensure accuracy and timeliness of both P&L and complex balance sheet (including strong reconciliation processes by partnering with IT and operations)

·         Provide operational insight for executive decision making and risk management

·         Ability to find root causes and solutions to cross functional problems.

·         Contribute to new product or service launches by ensuring finance operational processes are well defined.

2. Process Optimization and Automation

·         Drive efficiency and scalability through continuous improvement initiatives.

·         Implement and enhance automation tools across finance operations.

·         Eliminate manual workflows and measurably reduce cycle times.

·         Ensure process documentation is updated, controls are in place and operationalized to be measured.

·         Assess current end to end processes, identify areas of opportunity and develop 3-year optimization roadmap.

2. Financial Systems and Technology

·         Own and maintain NetSuite for O2C processes and ensure system integrations. are working as designed, data integrity and reporting accuracy.

·         Build a technology roadmap to automate and streamline processes.

·         Lead any O2C system upgrades, implementations or process migrations.

·         Build a business case to connect sales force to NetSuite and invoicing data. warehouse to streamline invoicing inputs.

·         Ensure proper system controls are in place.

3. Internal Controls and Compliance

·         Ensure compliance with fin ops SOP’s and policies