Vice President, Invoice to Cash

The Vice President, Invoice to Cash is a senior executive responsible for leading the Accounts Receivable, Cash Applications, and Requestor Management teams, overseeing approximately 50 staff in a healthcare-related environment. The role involves managing high-volume requestors, improving billing and collections processes, and implementing automation and technology solutions.

Salary: $175k–$195k

Responsibilities

• Hands-On Accounts Receivable Leadership & DSO Ownership, with Cash Applications and Requestor Management as secondary mandates
• Own enterprise-wide accounts receivable (AR) performance with direct, personal accountability for DSO reduction, and past-due aging
• Engage directly in weekly aging reviews, top delinquent account analysis, and high-risk customer situations
• Design and enforce disciplined collections operating rhythms, including daily, weekly, and monthly execution cadences
• Define, track, and actively manage KPIs including DSO, aging mix, Collection Effectiveness Index (CEI), dispute cycle time, and billing accuracy
• Lead hands-on improvements across collections, billing accuracy, cash application, and dispute workflows. Ensure improvements are embedded into daily execution, not just documented in policy
• Expand and mature the requestor management/data integrity process and team including management of sales tax-exempt requestors
• Partner with R&D team to design AR/collections modules within our platform
• Oversee daily cash application activities for all payment channels, including ACH, wire transfers, lockbox, credit cards, checks, and electronic payment platforms
• Ensure timely and accurate posting of customer and requestor payments to accounts receivable.
• Establish and maintain strong internal controls for cash receipt processing
• Lead implementation and optimization of cash application technologies, including AI-driven cash application tools and/or robotic process automation (RPA)
• Collaborate as a peer to the Controller, SVP of Finance, and VP of FP&A as a leader in the finance organization
• Perform other duties, as assigned, to ensure effective operation of the department and the Company
• Live by and promote Verisma Core Values

Requirements

• Bachelor’s degree in Accounting, Finance, or Business, required
• 12-15+ years of progressive experience in Management of Order/Invoice to Cash, Accounts Receivable, Collections, or Finance
• CPA strongly preferred
• Proven ability to lead and develop large, multi-functional teams with a data driven mindset
• Experience in Release of Information, Revenue Cycle, Record Retrieval, or Healthcare, preferred
• Technically proficient with data analysis tools such as Advance Excel, Power BI, SQL, etc.