Chief Financial Officer

Unclassified - Cambridge, MA

Full-time - Senior

Remote - Cambridge, MA

About the position

The Chief Financial Officer (CFO) will play a pivotal role in shaping the financial landscape of the company, particularly within the independent laboratory sector. With a minimum of 5 years of experience in a similar role, the CFO will be tasked with developing and executing financial strategies that align with the company's overarching business objectives. This position requires a deep understanding of financial planning and analysis, as well as the ability to provide strategic recommendations to the CEO and executive management team. The CFO will oversee all financial reporting aspects, ensuring compliance with accounting standards and regulatory requirements while managing cash flow and investment activities. In addition to financial management, the CFO will be responsible for risk management, identifying and mitigating financial and operational risks, and implementing policies to safeguard company assets. The role also involves collaborating with senior management to develop long-term plans and strategic initiatives, evaluating the financial impact of strategic decisions, and effectively communicating financial performance and strategy to both internal and external stakeholders. This position is not just about managing numbers; it is about being a key member of the executive leadership team and driving the company's financial strategy and administrative operations forward. The ideal candidate will possess a Bachelor's Degree in finance, accounting, economics, business administration, or a related field, with an MBA preferred. A CPA or equivalent certification is required, along with a minimum of 10 years of overall finance experience. The candidate must demonstrate in-depth knowledge of corporate finance, accounting principles, and best practices, as well as excellent communication and leadership skills. This role offers competitive salary, flexible hours, and the possibility of remote work, making it an attractive opportunity for seasoned finance professionals looking to make a significant impact in the independent laboratory space.

Responsibilities

• Assist in developing and executing the company's financial strategy in line with overarching business objectives.
• Provide strategic recommendations to the CEO and members of the executive management team.
• Lead budgeting, forecasting, and financial planning efforts.
• Oversee all aspects of financial reporting, including accounts receivable, accounts payable, billing, and collections.
• Ensure compliance with accounting standards, regulatory requirements, and internal policies.
• Manage cash flow, investment activities, and financial risk management.
• Manage bank and other financing relationships.
• Oversee information technology systems and conversion of financial accounting systems to ensure efficiency.
• Assist in identifying and mitigating financial and operational risks.
• Implement policies and procedures to safeguard company assets.
• Collaborate with senior management to develop long-term plans and strategic initiatives.
• Evaluate and advise on the financial impact of strategic decisions.
• Present financial reports and analysis to the executive team, board of advisors, and other stakeholders.
• Communicate financial performance and strategy effectively to internal and external stakeholders.

Requirements

• Bachelor's Degree in finance, accounting, economics, business administration, or related field (MBA preferred).
• 5+ years as a Chief Financial Officer in the Independent Lab industry (not hospitals).
• CPA, accounting or equivalent certification.
• 10+ years of overall finance experience.
• In-depth knowledge of corporate finance and accounting principles, laws, and best practices.
• Excellent knowledge of data analysis and forecasting methods.
• Working knowledge of national and local tax regulations and compliance reporting.
• Demonstrable knowledge of Accounting Functions and Auditing.
• Experience in managing Budget Processes.
• Solid understanding of Capital Management.
• Proficiency in cash flow analysis and cost variance.
• Excellent communication and leadership skills.

Benefits

• Competitive Salary
• Flexible Hours
• Remote Work