Vice President, Invoice to Cash

This is a fully remote position, open to applicants in United States.

📋 Description

• Oversee the Accounts Receivable, Cash Applications, and Requestor Management teams, consisting of around 50 personnel.

• Assume responsibility for enterprise-wide accounts receivable outcomes, with a focus on reducing DSO and managing past-due accounts.

• Participate in weekly reviews of aging accounts, analyze top delinquent accounts, and address high-risk customer situations.

• Develop and implement daily, weekly, and monthly operating rhythms for collections.

• Define, monitor, and manage key performance indicators (KPIs) such as DSO, aging mix, Collection Effectiveness Index, dispute cycle time, and billing accuracy.

• Enhance collections, improve billing accuracy, streamline cash application processes, and refine dispute workflows.

• Advance and mature requestor management and data integrity processes, including management of sales tax-exempt requestors.

• Collaborate with R&D to create AR and collections modules within the platform.

• Supervise daily cash application processes across various payment methods including ACH, wire transfers, lockbox, credit cards, checks, and electronic payment systems.

• Ensure timely and accurate posting of payments from customers and requestors.

• Establish and maintain internal controls for processing cash receipts.

• Lead the implementation and enhancement of cash application technologies, incorporating AI-driven tools and robotic process automation.

• Work closely with the Controller, SVP of Finance, and VP of FP&A.

• Carry out additional responsibilities as assigned and uphold Verisma's Core Values.

⛳️ Requirements

• A Bachelor’s degree in Accounting, Finance, or Business is required.

• 12-15+ years of advancing experience in the management of Order/Invoice to Cash, Accounts Receivable, Collections, or Finance.

• CPA certification is strongly preferred.

• Demonstrated ability to lead and develop large, multi-functional teams with a data-driven approach.

• Experience in Release of Information, Revenue Cycle, Record Retrieval, or Healthcare is preferred.

• Technically adept in data analysis tools such as Advanced Excel, Power BI, SQL, among others.

• Willingness to travel 5 to 10% of the time.

🏝️ Benefits

• Travel 5 to 10% of the time.