Chief Financial Officer

About Us

Fast Lab Tech is a medical diagnostic laboratory that offers a full range of bioanalytical testing services. We provide a wide variety of tests, as well as fast, efficient COVID-19 testing for travel, symptoms and precautionary measures. We pride ourselves in delivering exceptional customer service, paired with quick, reliable testing so that every experience with us is as comfortable, and efficient as possible.

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Role Description

We are in search of a Fractional Chief Financial Officer (20-25 hours weekly). The ideal candidate will have 5+ years experience as a Chief Financial Officer in the independent laboratory space. The CFO will be responsible for financial strategy, financial planning and analysis, financial reports, costs variance, company audits, compliance, and risk management. They will collaborate with the CEO and the executive team to make decisions regarding the company's financial strategy and operations.

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Responsibilities

• This Chief Financial Officer will oversee all aspects of financial management, payroll, risk management, and accounting operations.
• The CFO will be a key member of the executive leadership team, reporting directly to the CEO, and will play a crucial role in driving the company's financial strategy and administrative operations
• Responsibilities include Financial Strategy and Planning: 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
• Financial Management: 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, conversion of financial accounting system and infrastructure to ensure efficiency, training and maximizing use
• Risk Management: Assist in identifying and mitigating financial and operational risks
• Implement policies and procedures to safeguard company assets
• Strategic Leadership: Collaborate with senior management to develop long-term plans and strategic initiatives
• Evaluate and advise on the financial impact of strategic decisions
• Stakeholder Communication: Present financial reports and analysis to Executive team, board of advisors and other stakeholders on an agreed to schedule
• Communicate financial performance and strategy effectively to internal and external stakeholders

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Qualifications

• Bachelor’s Degree in finance, accounting, economics, business administration, or related field (MBA preferred)-Required.
• 5+ years as a Chief Financial Officer in the Independent Lab industry (not hospitals)-Required.
• CPA, accounting or equivalent certification-Required.
• 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 is crucial.
• Experience in managing Budget Processes is required.
• Must have a solid understanding of Capital Management.
• Proficiency in cash flow analysis and cost variance is essential.
• Must have excellent communication and leadership skills.

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How to Apply

Note: This is a syndicated job post, meaning it was not posted to Fractional Jobs directly, so we don't have control over the application process. To apply, click on the "View Application" and follow the application's instructions.