Chief Financial Officer

Korn Ferry has partnered with our client on their search for Chief Financial Officer.

Location: Hybrid in the western suburbs of Chicago

Scope:

This position will oversee the financial management of a strategic partnership between two small to midsize companies: The CFO will be a key member of the Executive Management Teams of both companies. The CFO will have direct and indirect reporting relationships to the respective companies and assume a strategic role in the overall management of the partnership. The position is an in-office position based in Illinois and will be expected to travel monthly to New York.

The CFO has the primary day-to-day responsibility for planning, implementing, managing and controlling all financial-related activities to include: accounting, finance, forecasting, budgeting, tax compliance, legal, and financial reporting functions. This position will support key Business Development projects and opportunities as they relate to and drive the partnership’s overall strategy. In addition, the CFO formulates, recommends, and implements policies on receipt and disbursement of funds, equity and/or debt financing, risk management, and the maximization of investment and cash flow returns.

The CFO is a pro-active participant, finance team leader and financial authority to the Management Team and Board of Directors in planning, direction, and policy making of both companies. The CFO is responsible and committed to displaying, communicating and supporting the mission, vision, and values of each Company.

Responsibilities:

• Establishes and maintains strong, collaborative working relationships with senior executives in order to identify their needs and seek a full range of business solutions.
• Ensures the credibility of all financial responsibilities by providing timely and accurate monthly and yearly financial reporting, financial trends and forecasts.
• Leads and directs the annual strategic planning and budgeting cycles for the company and drives the continual improvement of the budgeting process through education of department managers on financial issues impacting their budgets.
• Builds a strong team through attracting and developing talent, creating the appropriate organizational structure, and establishing the department’s methodologies, processes and procedures.
• Manages operational cash requirements by analyzing, recommending, and communicating policies, financial data and cost-benefit analysis to each department.
• Provides executive management with advice and recommendations on the financial implications of business activities, financial performance, and business opportunities.
• Ensures that effective internal controls are in place, ensuring compliance with GAAP and applicable federal, state and local regulatory laws and rules for financial and tax reporting.
• Exhibits a strong dedication to the mission, vision, values, and goals of the company with ability and desire to train and guide all direct reports toward the attainment of company goals in a team-oriented environment.

Requirements:

• 10+ years in progressively responsible financial leadership roles, preferably within the healthcare, pharmaceutical, biotech, medical device, or related FDA regulated industry required. Additional experience in capital equipment or healthcare service industry a strong plus.
• Excellent understanding of supply chain, COGS, and inventory issues.
• Start-up to corporate level experiences with emphasis on fast-growth.
• New Business Development experience related to M&A, in /out licensing, strategic partnerships, etc.
• Experience developing controls and processes in an organization experiencing rapid growth.
• Strong business partner and organizational leader with proven record of hiring, developing and managing high quality team members.
• Proven strategic problem solver with strong tactical execution.
• Results oriented with a strong sense of urgency.
• Confident professional able to proactively resolve issues and challenge assumptions.
• High energy, hands-on individual with a strong work ethic.
• Excellent presentation skills to effectively communicate to a variety of internal and external business partners.
• Strong leader who can inspire people to take action and accept accountability, incite in them a sense of purpose and enthusiasm, and instill trust and credibility within and among teams.
• Ability to travel 35% frequently primarily between Illinois, New York and other areas of the US.
• Ability to work in the Lombard office full time.
• BS/BA in Accounting, Finance or related field.
• CPA/MBA a strong plus.

SE# 510666090