Chief Financial Officer

About Us

Aspero Medical, located in Broomfield, CO, is a young, preprofitable, medical device company with its first product in commercial distribution and accelerating the development and subsequent product launches of our sterile, single use, Ancora product line for advanced gastroenterology specialties. These endoscopy accessory products are specialty endoscopy overtubes that facilitate current and new, less invasive procedures in advanced gastroenterology that will help physicians improve interventional care. Ancora products represent a $1.5B global market opportunity in the growing field of advanced, 3^rd space endoscopy. Aspero's novel, patented technology maximizes mucosal "grip without injury," enhancing mucosal wall traction for advancing devices and anchoring stabilization in the gastrointestinal tract. Founded in 2018 as a spinout of the University of Colorado, Boulder, Aspero is investor and grant funded with a current team of nine (9) staff positions and supported by several outsourced service provider/partners. Company growth is expected to approximately double over the next 18 months under a business plan to establish commercial traction for the three products in our line as we develop relationships to engage a strategic partner for global distribution.

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Role Description

This is a part-time, hourly role in a startup, young, pre-profitable medical device company with a very small team. Great visibility, but this position has no direct reports and relies on cooperation with other company leadership and outsourced services and contractors. We're looking for a self-starter, goal oriented individual, that thrives in a "hands-on" do it all environment. This role will bring a deep knowledge and broad experience of the financial systems and reporting requirements for the company.

Reporting to the CEO, the fractional CFO (CFO) will lead Aspero’s financial operations, including accounting and finance functions, banking, financial planning and cash flow modeling, strategic planning and risk management. The CFO establishes and monitors the financial controls within the company to ensure compliance with GAAP requirements, as deemed appropriate by the BOD. He/She performs financial analysis, e.g. waterfall analysis, and supports financial reviews as requested by the CEO or BOD. The CFO prepares prospectus information for potential investors and strategic partners. He/She counsels the CEO and leadership team regarding contracts and agreements, as requested. This individual reviews and releases a monthly financial package and quarterly external financial reports, including BOD packages and investor updates. The CFO is responsible for all regulatory filing requirements including timely filing of all tax returns (as applicable), payroll and personnel reports, CMS open payments reports, etc. He/She will also assist CEO in the management of cash and the cap table.

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Responsibilities

• Responsible for all accounting and financial functions within the company. Supports all services associated with payroll, benefits and employee issues.
• Source and leverage financial, accounting, tax, audit expertise via contractors and consultants, combined with hands-on activities to support the company’s internal systems.
• Responsible for all aspects of financial reporting, whether internal or external.
• Responsible for all aspects of financial analysis, financial modeling, projections, etc., consolidating information gathered from Operations, Sales & Marketing, Product Development, RA/QA and Clinical.
• Support the CEO for grant and investor fundraising.
• In collaboration with the CEO, develop and communicate operating plans that align with corporate goals and objectives and drive the company’s business success.
• Foster a culture of collaboration, accountability and high performance. Display and practice a visible, open leadership style throughout the organization. Provide critical direct support to the CEO as requested.
• Lead by example.

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Qualifications

• Prior experience with early stage, e.g. startup, medical device companies and commercialization of products operating under financial and resource constraints and challenging schedules.
• Experience working with outsourced accounting services, either individual contractors or service providers.
• Prior experience with grant funding, e.g. SBIR grants, and funding agencies, e.g. NIH and NSF, etc. Experience in Uniform Guidance Audits is preferred.
• Prior experience with corporate management, BOD interaction, preparing and presenting financial reports, Q&A, and related financial analysis and modeling/projections.

Note: Candidates without these credentials should not apply.

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Requirements

• A minimum of a BA in Business Administration or Accounting.
• A minimum of 10 years of previous financial reporting responsibility in medical device development, manufacturing and commercial distribution.
• A minimum of 10 years overseeing accounting systems, processes, implementation and management.
• Prior experience with early stage, e.g. startup, medical device companies and commercialization of products operating under financial and resource constraints and challenging schedules..

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Hours and Schedule

This is a part-time, hourly hybrid position where the majority of the work will be remote but may require occasional on-site meetings for BOD, investors and strategic partners. Hours may vary with an expectation for an average of approximately 20 hrs per month.

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Compensation

Commensurate with target years of experience, education and skills (as listed above).

The ideal candidate is a highly analytical leader who will join our senior management team. You will be responsible for leading the company's day-to-day financial operations and meet the company's financial reporting requirements.

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How to Apply

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