Chief Financial Officer, Global

Company: LabConnect
Location: Raleigh
Posted on: February 3, 2025

Job Description:

OverviewLabConnect improves lives by partnering with pharmaceutical and biotech companies, and clinical research organizations (CROs) to accelerate the development of new medicines around the world.We are an independent, global, one-stop-shop focused on delivering Central Laboratory Services that are tailor-made, timely and flexible to meet the evolving study demands of traditional to increasingly complex trials. Additionally, we provide Functional Service Provider (FSP) Solutions, supporting our clients with scientific and technical expertise, acting as an extension of their team, coordinating all laboratory related needs, advising on strategies for lab data collection and providing end-to-end analytical and logistical solutions.As a key member of the Executive Management team, the Chief Financial Officer will report to the President and CEO and be responsible for directing the company's financial vision to support successful company operations and drive growth and profitability. The CFO will have primary day-to-day responsibility for planning, implementing, managing and controlling all financial-related activities of the company. This will include direct responsibility for accounting, finance, forecasting, strategic planning, job costing, legal, property management, deal analysis and negotiations, investor relationships and partnership compliance, and private and institutional financing. As a critical member of the executive management team, the CFO is actively involved in strategic decision making and operation policy.Essential Duties and Other Responsibilities:

• Assess and evaluate financial performance of organization with regard to long term operational goals, budgets and forecasts.
• Provide insight/recommendations into short term and long term growth of organization.
• Identify, acquire and implement systems and software to provide critical financial and operational information.
• Evaluate departments and make suggestion for automating processes and increasing working efficiency.
• Communicate, engage and interact with Board of Directors, CEO, and Executive Leadership Team.
• Create and establish yearly financial objectives that align with the company's plan for growth and expansion.
• Recruit, interview and hire finance, and accounting staff as required.
• Evaluate the Finance Department organization for high accountability and team plan for continual improvement of the efficiency and effectiveness of the group.
• Serve as a key member of executive leadership team and round table discussion panel.
• Participate in pivotal decisions as they relate to strategic initiatives and operational models.
• Interact with and bring department into line with Board of Directors plans initiatives and recommendations.
• Prepare and present monthly financial budgeting reports; monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.
• Review and analyze monthly financial results and provide recommendations.
• Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings.
• Develop and maintain monthly operating budget and annual company operating budget.
• Manage financial planning and analysis department. Supervise creation of reports, software implementation and tools for budgeting and forecasting.
• Oversee the preparation and communication of weekly, monthly and annual financial statements.
• Oversee the preparation and timely filing of all local, state and federal tax returns.
• Review and ensure application of appropriate internal controls, SOX compliance and financial procedures.
• Work with Human Resources to ensure appropriate legal compliance.
• Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
• Enhance and implement financial and accounting systems, processes, tools and control systems.
• Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.
• Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems; supervise company financial staff.
• Utilize forward-looking models and activity-based analyses to provide financial insight into the organization's plans and operating budgets.
• Establish credibility throughout the organization and with the Board as an effective developer of solutions to business challenges, especially growth in revenues and profitability.Education/Experience/Skills Required:
  • BS in Accounting or Finance, MBA and/or CPA highly desirable as well as related clinical trial industry experience and/or training, or equivalent combination of education and experience.
  • Minimum 5 years' experience in a senior finance position.
  • Instinctive ability to be a strategic business partner with the CEO, Executive Team, and Board of Directors.
  • Strategic Leader with a deep mastery of core financial concepts, including reporting, client/channel profitability analysis, revenue recognition, financial modeling, treasuring, and forecasting.
  • Demonstrated experience in integrating and coordinating diverse areas of management.
  • Significant experience working with external auditors, internal controls and compliance related issues.
  • Successful implementation controls, processes, and risk management initiatives including supporting systems to manage operational and financial performance.
  • Thrives in environments undergoing growth, with proven track record of creating strong finance infrastructure.
  • Strong capabilities managing capital, including debt and equity financing.
  • Demonstrated ability to analyze, vet, and make recommendations regarding capital allocations, business expansion and organizational development requirements and opportunities.
  • Exceptional business prioritization skills and bias for action.
  • Proven CFO leadership experience and understanding of the complexities involved in building high performance teams for rapidly growing, international businesses.
  • Strong ability to manage expectations and prioritize needs of competing interests.
  • Highly organized, able to manage and maintain many activities simultaneously.Some of the Perks our LabConnectors Love:
    • Financial Security (base pay, 401k match and annual bonus eligibility)
    • Health Benefits beginning on date of hire
    • PTO plan plus 10 Paid Company Holidays and 1 day to Volunteer in your community
    • Short and Long-Term Disability, Life and AD&D
    • We celebrate our differences, which enrich our CultureWe are a growing and global team on a mission to create healthier communities by accelerating the development of new medicines. In addition to great perks and challenging work assignments, we invest in our people with enriching career growth opportunities.We believe in a friendly and collaborative environment with open lines of communication. Join our team and discover how your work can impact the lives of people all over the world.It is the policy of LabConnect to provide equal employment opportunities without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, veteran status, sexual orientation, genetic information, or any other protected characteristic under applicable law.If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please email talent@labconnect.com or call +1(423)722-3155.
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Keywords: LabConnect, Burlington , Chief Financial Officer, Global, Executive , Raleigh, North Carolina