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Vice President Distressed Asset Jobs in Springfield, IL

Security Bank

Branch Manager

Springfield, IL · On-site

$50K - $75K/yr

Reports directly to the Assistant Vice President, Retail and Sales and the Chief Lending Officer ... Processes the closure and distribution of estate assets. * Monitors branch activity (number of ...

Fresenius Medical Care

Biomedical Technician

Springfield, IL · On-site

$25 - $33.25/hr

... by a Vice President of Technical Services and supported by Corporate Biomedical Support Managers. Our culture: We believe our employees are our most important asset - we value, care about, and ...

All JobsVice President Distressed Asset JobsVice President Distressed Asset Jobs in Springfield, IL

Vice President Distressed Asset information

See Springfield, IL salary details

$43.1K

$156.1K

$275K

How much do vice president distressed asset jobs pay per year?

As of Aug 21, 2026, the average yearly pay for vice president distressed asset in Springfield, IL is $156,131.00, according to ZipRecruiter salary data. Most workers in this role earn between $114,000.00 and $188,300.00 per year, depending on experience, location, and employer.

What is a vice president distressed asset?

A Vice President of Distressed Assets is an executive responsible for overseeing the management, acquisition, and disposition of non-performing or underperforming assets, such as loans or properties. They evaluate distressed opportunities, develop strategies to maximize returns, and lead negotiations with stakeholders. This role often requires strong financial analysis skills, experience in restructuring or turnaround situations, and the ability to navigate complex legal and regulatory issues. The VP typically works for banks, investment firms, or specialized asset management companies, and plays a key role in mitigating losses and creating value from troubled assets.

What are the key skills and qualifications needed to thrive as a vice president distressed asset?

To thrive as a Vice President of Distressed Asset Management, you need deep expertise in financial analysis, restructuring, valuation, and deal negotiation, typically supported by an advanced degree in finance or business and significant industry experience. Familiarity with financial modeling tools, restructuring software, and relevant certifications such as CFA or CPA is highly valuable. Strong leadership, strategic thinking, and effective communication skills help navigate complex stakeholder relationships and drive successful outcomes. These skills are essential to maximize asset recovery, manage risk, and lead teams through challenging financial situations.

What are common challenges faced by a vice president distressed asset, and how are they typically addressed?

A Vice President in Distressed Asset management frequently encounters challenges such as rapidly changing market conditions, complex negotiations with multiple stakeholders, and the need to develop creative restructuring solutions. Navigating these difficulties often requires strong analytical skills, decisive leadership, and the ability to collaborate closely with legal, finance, and operations teams. Successful VPs stay ahead by leveraging industry networks, maintaining up-to-date knowledge of bankruptcy laws, and fostering open communication among all parties involved.

What is the difference between Vice President Distressed Asset vs Vice President Corporate Finance?

AspectVice President Distressed AssetVice President Corporate Finance
Required CredentialsFinance degree, CFA or CPA often preferredFinance or accounting degree, CFA common
Work EnvironmentSpecializes in distressed assets, restructuring, and turnaround situationsFocuses on mergers, acquisitions, and capital raising
Employer & Industry UsagePrivate equity, distressed debt funds, restructuring firmsInvestment banks, corporate finance departments

The Vice President Distressed Asset and Vice President Corporate Finance roles share financial expertise and credentials but differ in focus. The distressed asset role centers on managing distressed investments and restructuring, while corporate finance emphasizes strategic transactions like M&A and capital raising. Both positions are vital in finance but serve distinct functions within their industries.

What cities near Springfield, IL are hiring for Vice President Distressed Asset jobs?

Cities near Springfield, IL with the most Vice President Distressed Asset job openings:

Vice President Distressed Asset jobs near you
Infographic showing various Vice President Distressed Asset job openings in Springfield, IL as of August 2026, with employment types broken down into 1% Internship, 83% Full Time, 13% Part Time, 1% Temporary, and 2% Contract. Highlights an 90% Physical, 5% Hybrid, and 5% Remote job distribution, with an average salary of $156,131 per year, or $75.1 per hour.

Vice President, Revenue Cycle

Springfield Clinic

Springfield, IL • On-site

$250K/yr

Full-time

Re-posted 3 days ago

Springfield Clinic rating

6.7

Company rating: 6.7 out of 10

Based on 59 frontline employees who took The Breakroom Quiz

530th of 891 rated healthcare providers

Job description


The Vice President, Revenue Cycle is responsible for the management of the Springfield Clinic's accounts receivable to optimize reimbursement in a compliant fashion. Scope of responsibility includes Patient Accounting functions such as billing, collections, account follow-up, denials, cash management/application, revenue integrity and charge capture and prior authorizations; and Health Information Management functions such as coding, document management, release of information, coding auditing and education and EHR record integrity. Serves as a change agent in a constantly changing and growing multi-specialty practice and drives process and systems supporting the change and growth. Provides subject matter expertise related to the development of a compliant, comprehensive, professional revenue cycle division. Is accountable for protecting the Clinic's accounts receivable asset by ensuring that contemporary processes and systems are utilized that promote strong cash collections, minimize bad debt and provide an excellent patient experience.
Job Relationships
Reports to the CFO
Essential Standard Job Functions
  • Drive modernization of billing platforms and front-end digital tools.
  • Serve as a key partner to the CFO and executive team in aligning revenue cycle strategy with company-wide financial goals.
  • Support payer contracting strategy and Value-Based Payment (VBP) readiness efforts.
  • Leads and directs the Revenue Cycle Division's activities through reporting Directors with guidance from the CFO. Establishes operational goals, objectives and budgets. Responsibilities include the planning of optimal operating policies and procedures required to deliver quality services and enhance operational processes and workflows. Collaborates closely with physicians and operations leadership to align revenue cycle processes with organizational workflows. Collaborates closely with physicians and operations leadership to align revenue cycle processes with organizational workflows.
  • Designs and oversees an industry-leading revenue cycle operational model that ensures fiscal responsibility and high physician and customer satisfaction, organizational efficiency, and strong financial performance while assuring accurate and complete data collection, streamlined financial clearance functions prior to service and sound cash collections processes.
  • Demonstrate success leading enterprise-wide revenue cycle transformation, workforce optimization, and technology modernization.
  • Monitors ongoing performance of the revenue cycle through the development, production and distribution of performance metrics. Facilitates performance improvement/process redesign as needed.
  • Oversees all contracted/outsourced services. Builds and maintains strong relationships with external vendors to ensure service quality, cost-effectiveness and alignment with revenue cycle goals. Effectively negotiates contracted arrangements and manages performance from all vendors.
  • Communicates regularly and effectively with subordinates and superiors regarding the status and condition of the revenue cycle operations; raises issues/concerns timely and appropriately.
  • Communicates, collaborates, organizes, prioritizes, leads, facilitates, coaches and problem solves with reporting directors and peers to ensure that division and system goals, objectives and operational budgets are met.
  • Ensures compliance with relevant regulations, standards and directives from regulatory agencies, governmental bodies and third parties. Responsible for responding to any legislation/regulatory billing changes.
  • Develops, implements and maintains compliant policies and practices for all departments within the revenue cycle division.
  • Comply with Springfield Clinic incident reporting policy and procedures.
  • Adhere to all OSHA and Springfield Clinic training and accomplishments as required by policy.
  • Provide excellent customer services and adhere to Springfield Clinic's Code of Conduct and Ethics Standards
  • Perform other job duties as assigned.

Non-Essential Standard Job Functions
  • Demonstrates positive energy when interacting with internal and external colleagues
  • Excellent communicator and team builder with the ability to drive alignment and cultural buy-in across clinical, financial and operational teams
  • Action and results oriented; pro-active
  • High ethical integrity
  • Financial acumen
  • Data driven
  • Quick study
  • Strategic and systems thinker
  • Leads by example
  • Interest and aptitude in understanding the importance of emerging healthcare issues
  • Presents complex or difficult messages clearly, understandably and persuasively
  • Self-starter who has passion and drive about contributing
  • Creative yet practical; thinks outside of the box
  • Able to manage conflict and negotiate adeptly with individuals and groups
  • Solid current knowledge and high intellectual curiosity regarding best practices, business process re-engineering, information technology and business planning
  • Confident, decisive and proactive in dealing with peers
  • Strong people management and leadership skills
  • Extremely organized, disciplined, hands-on and process-oriented leader who is not afraid of digging into details when necessary
  • Highly engaged, focused and execution oriented
  • Actively seeks out and supports collaborative thinking and problem solving with others in the organization

Department Specific Job Functions
  • Record of successfully executing on strategic initiatives
  • Proven ability to make sound business decisions regarding human resources, budgets and deadlines consistent with the requirements of the business
  • Demonstrated ability to build successful and impactful teams and make positive team-centered contributions
  • Is able to get work done through others; sets and communicates goals and initiatives; measures accomplishments; holds people accountable; provides constructive feedback and develops team; effectively delegates
  • Embraces challenges; comfortably and professionally confronts conflict; has crucial conversations when necessary
  • Focuses on action and outcomes/deliverables
  • Adept at learning and understanding organizational culture - adapting to it and influencing it at the same time
  • Is able to build diverse networks; quick to find common ground
  • Is a person of high character; is consistent and acts in line with a clear and visible set of values; communicates with honesty and respect
  • Maintains an open-door policy and approachability for all levels of staff whether within the revenue cycle division or outside of the division

Excellent communicator and team builder with the ability to drive alignment and cultural buy-in across clinical, financial and
Education/Experience
  • Bachelor's degree in Healthcare Administration, Finance, Accounting, Business Management, or a related field is required. Master's degree in Business Administration or Healthcare Administration is preferred.
  • Minimum of 10 years of experience in a progressively responsible healthcare revenue cycle and/or patient financial services role is required, of which five of those years are in an executive/vice-president position. Experience with billing and collections at a multi-specialty medical group preferred

Salary
Approximate starting base salary of $250K with bonus incentive opportunity. Actual compensation will be determined based on qualifications, experience, and internal equity.
PHI/Privacy Level
HIPAA 1

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