Chief Financial Officer

Nms Labs - Horsham, PA

Full-time - Executive

Horsham, PA

Ambulatory Health Care Services

About the position

The Chief Financial Officer (CFO) at NMS Labs is a strategic leader responsible for overseeing all financial aspects of the company. This role involves guiding financial planning, risk management, record-keeping, and financial reporting. The CFO will play a critical role on the Executive Leadership Team, shaping the strategic and financial future of the organization while ensuring compliance with relevant regulations and standards.

Responsibilities

• Develop and execute financial strategies that support the company's objectives and growth plans.
• Provide strategic recommendations to the CEO and executive team based on sound financial analysis and projections.
• Provide strategic input and thought leadership on major company decisions, including potential acquisitions, mergers, and/or partnerships.
• Develop and continuously evaluate both short- and long-term strategic financial objectives.
• Oversee budgeting, forecasting, and financial modeling processes to ensure fiscal health.
• Analyze financial performance against budget and industry benchmarks, identifying and driving opportunities for improvement while providing financial interpretation and insights on variances.
• Drive the ongoing enhancement of the budgeting process through educating department managers on financial issues impacting their operations.
• Lead optimization of medical benefits and 401k costs while maintaining high-quality care for employees.
• Prepare and present financial reports to the board of directors and executive team.
• Ensure timely and accurate financial reporting in compliance with GAAP and other regulatory requirements.
• Manage treasury functions, ensuring effective policies and procedures are in place.
• Manage cash flow projections and reporting, ensuring sufficient cash reserves to meet operational needs and compliance with bank covenants.
• Identify investment opportunities and maximize return on invested funds.
• Assess and manage financial risks, ensuring adequate controls and safeguards are in place.
• Monitor compliance with financial regulations and standards, implementing necessary policies and procedures.
• Foster collaborative relationships across the company to influence sound financial decision-making and enhance the overall financial health of the organization.
• Maintain strong external relationships with bankers, auditors, credit rating agencies, financial advisors, benefits brokers, insurance brokers, and other relevant vendors.
• Identify, drive and influence opportunities for process improvements and cost reductions across the organization to enhance profitability and service delivery.
• Manage facilities financial reporting and general office expenses, including negotiating leases and coordinating with legal counsel for real estate matters.
• Lead, mentor, and develop a high-performing Contracting, Accounting, Finance and Procurement teams.

Requirements

• Master's degree in Finance, Accounting, Business Administration, or a related field; CPA preferred.
• 15+ years of progressive financial leadership experience, with at least 10 years in a senior financial role, preferably in the healthcare or laboratory sector.
• Proven track record of financial planning, analysis, and strategic decision-making in a complex organization.
• Exceptional analytical skills, with a high proficiency in financial modeling and reporting tools.
• Excellent communication and leadership skills, with the ability to influence and engage stakeholders at all levels.
• Strong expertise in cost accounting, with the capability to deeply analyze pricing issues and manage public sector contracting.
• 10+ years of experience leading technical professionals with demonstrated effectiveness to recruit, hire and train a team as well as provide continued guidance, mentorship and support to staff.

Nice-to-haves

• Strong understanding of operations, financial regulations, and health care compliance requirements.
• Experience in multi-site (U.S.) organizational structures is desirable.
• Experience in clinical and/or forensic laboratory services/diagnostics industries.

Benefits

• Hybrid work environment
• Competitive salary
• Health insurance
• 401k plan with matching contributions
• Paid time off
• Professional development opportunities