Vitalent
Chief Financial Officer
Vitalent, Westfield, Indiana, United States, 46074
ViTalent is seeking a
Chief Financial Officer
for a private equity-backed firm who recently acquired platform business within the Life Sciences professional services sector. The professional services firm is a high-growth, highly acquisitive company seeking an operational minded, strong financial leader with experience in private equity, M&A, and professional services. The company and its investors seek to grow the organization to top-line revenue of more than $75M million in the next 3-4 fiscal years. This is a hybrid position based in the greater Indianapolis area.
As a key member of the senior leadership team (SLT), the Chief Financial Officer (CFO), will have direct leadership responsibility for overseeing all accounting and finance responsibilities for the organization. The position will report directly to the CEO and the Board of Directors and will work closely with the executive leadership team and private equity investors. As a member of the SLT, this executive will develop scalable systems, processes and controls to support the Company's business operations and growth.
During the initial stages of growth, the CFO role will be required to operate both as a strategic CFO while also executing traditional Controller responsibilities to properly define, implement, and manage foundational systems and processes for scale. The CFO will subsequently recruit, hire, and onboard a full-time Controller. This executive must be able to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace while developing and managing an efficient, flexible, lean and responsive finance staff.
Role and Responsibilities Strategy & Planning
Participating member of the Strategic Partners Council which collectively sets the strategy and direction of the organization as approved by the board of directors. Develop, manage, and maintain corporate annual budget, financial model(s), and forecasts. Develop, manage, and maintain a system of performance metrics that support the Company's strategic direction. Key contributor in the evaluation of acquisitions, including but not limited to due diligence, financial analysis, integration planning and process-oriented execution tasks. Develop streamlined financial structures incorporating highly efficient and effective tools, processes and systems to provide critical financial and operational information to the CEO, Board of Directors, Shareholders, Investors, Lenders and Executive Management Team and make actionable recommendations on both strategy and operations. Recruit, manage, and retain a talented team of finance and accounting professionals across the Company's global business network, supporting local business management teams with timely financial and operational information. Engage the board audit committee in issues, trends and changes in the operating model(s) and operational delivery.
Finance & Accounting Operations
Lead the organization with administration of policies and operation of all financial activities including accounting, financial analysis, bank relations, and strategic planning. Oversee all accounts, ledgers and reporting systems, ensuring compliance with appropriate, generally accepted accounting principles (GAAP), regulatory requirements, internal safeguards, and external audit or regulatory requirements. Maintain key external relationships, including private equity investors, banks, lenders, and independent auditors. Work with CEO and COO to coordinate and negotiate with major suppliers. Develop and manage tools and systems in collaboration with the COO to provide critical financial, business, and operational visibility to the CEO, business leadership, and the private equity firm. Proactively lead and develop a team of direct reports who are responsible for the day-to-day management of the finance and accounting functions. Manage cash flow and forecasting. Develop a reliable cash flow projection process and reporting mechanism. Lead the analysis, optimization and processes related to all types of business transactions, which include supplier invoices, billings to customers, payroll, and cash receipts and disbursements. Optimize the handling of banking relationships, anticipate lender relationship matters or issues and work closely with the Investors when appropriate on such matters.
Reporting & Metrics
Oversee and complete the compilation of financial information into financial statements, with accompanying disclosures. Oversee and complete monthly closing packages and monthly operational reporting packages Report financial results to management, the board of directors, and the investor group.
Compliance & Risk Management
Understand the current and potential risks to which the business is subjected. Monitor the Company's compliance with debt covenants and warn management of covenant breaches; as applicable. Manage corporate insurance policies, brokers, renewal processes and ongoing certificates of insurance for operations. Comply with any filing requirements imposed by local, state, or federal governing authorities. Comply with all tax reporting and payment requirements. Manage Company audits, review and act upon the findings and recommendations of external auditors.
Skills & Experience
10+ years of experience at a senior financial level (i.e. CFO) within a professional services contract-based business with substantial management and operational exposure. 10+ years' experience in finance, tax, FP&A, management information systems, cash management, budgeting, forecasting, project management as well as the development, implementation, and presentation of related reports and statements. Experience within a private equity-backed business. Experience as a senior leader for a Company that has grown dramatically, both organically and through acquisition, and has successfully "scaled" resources to accommodate growth and integrate acquired businesses. Extensive experience meeting US GAAP and managing annual financial audits (3rd party audit). Proven experience leading high-performing teams. Strong organizational leadership abilities with a willingness to act as both a player and a coach. The ability to excel in a fast-paced, results driven environment. Demonstrated competency for strategy leveraging past data and real-time KPIs to offer forward looking recommendations. Experience in BI solutions and hands-on implementation of new financial systems and processes. Education & Certifications
Bachelor's degree in accounting, finance, or business Master's degree in finance or business administration is highly desirable. CPA license (preferred) Supervisory Requirements
This position is responsible for supervision of a growing team of direct reports, initially 2 direct reports. Work Environment and Physical Demands
FLSA professional position paid on salary basis. Business requirements and tight deadlines often require work weeks exceeding 40 hours (including weekends or holidays). Significant desk work on a computer. Hybrid work environment - 100% remote initially; until a local headquarters location is selected (Fishers/Noblesville location). Upon establishment, a hybrid schedule is anticipated, minimum 3-day office schedule. Lifting requirements - 35 lbs. per OSHA requirements
Duties, responsibilities, and activities may change based on the business needs.
ViTalent and our partners are Equal Employment Opportunity (EEO) employers(s). We believe that a diverse workforce is key to our success. We welcome applications from all members of society irrespective of age, sex, disability, sexual orientation, race, religion, or belief. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, and protected veteran or disabled status.
#LI-LN1
#VTLS
Chief Financial Officer
for a private equity-backed firm who recently acquired platform business within the Life Sciences professional services sector. The professional services firm is a high-growth, highly acquisitive company seeking an operational minded, strong financial leader with experience in private equity, M&A, and professional services. The company and its investors seek to grow the organization to top-line revenue of more than $75M million in the next 3-4 fiscal years. This is a hybrid position based in the greater Indianapolis area.
As a key member of the senior leadership team (SLT), the Chief Financial Officer (CFO), will have direct leadership responsibility for overseeing all accounting and finance responsibilities for the organization. The position will report directly to the CEO and the Board of Directors and will work closely with the executive leadership team and private equity investors. As a member of the SLT, this executive will develop scalable systems, processes and controls to support the Company's business operations and growth.
During the initial stages of growth, the CFO role will be required to operate both as a strategic CFO while also executing traditional Controller responsibilities to properly define, implement, and manage foundational systems and processes for scale. The CFO will subsequently recruit, hire, and onboard a full-time Controller. This executive must be able to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace while developing and managing an efficient, flexible, lean and responsive finance staff.
Role and Responsibilities Strategy & Planning
Participating member of the Strategic Partners Council which collectively sets the strategy and direction of the organization as approved by the board of directors. Develop, manage, and maintain corporate annual budget, financial model(s), and forecasts. Develop, manage, and maintain a system of performance metrics that support the Company's strategic direction. Key contributor in the evaluation of acquisitions, including but not limited to due diligence, financial analysis, integration planning and process-oriented execution tasks. Develop streamlined financial structures incorporating highly efficient and effective tools, processes and systems to provide critical financial and operational information to the CEO, Board of Directors, Shareholders, Investors, Lenders and Executive Management Team and make actionable recommendations on both strategy and operations. Recruit, manage, and retain a talented team of finance and accounting professionals across the Company's global business network, supporting local business management teams with timely financial and operational information. Engage the board audit committee in issues, trends and changes in the operating model(s) and operational delivery.
Finance & Accounting Operations
Lead the organization with administration of policies and operation of all financial activities including accounting, financial analysis, bank relations, and strategic planning. Oversee all accounts, ledgers and reporting systems, ensuring compliance with appropriate, generally accepted accounting principles (GAAP), regulatory requirements, internal safeguards, and external audit or regulatory requirements. Maintain key external relationships, including private equity investors, banks, lenders, and independent auditors. Work with CEO and COO to coordinate and negotiate with major suppliers. Develop and manage tools and systems in collaboration with the COO to provide critical financial, business, and operational visibility to the CEO, business leadership, and the private equity firm. Proactively lead and develop a team of direct reports who are responsible for the day-to-day management of the finance and accounting functions. Manage cash flow and forecasting. Develop a reliable cash flow projection process and reporting mechanism. Lead the analysis, optimization and processes related to all types of business transactions, which include supplier invoices, billings to customers, payroll, and cash receipts and disbursements. Optimize the handling of banking relationships, anticipate lender relationship matters or issues and work closely with the Investors when appropriate on such matters.
Reporting & Metrics
Oversee and complete the compilation of financial information into financial statements, with accompanying disclosures. Oversee and complete monthly closing packages and monthly operational reporting packages Report financial results to management, the board of directors, and the investor group.
Compliance & Risk Management
Understand the current and potential risks to which the business is subjected. Monitor the Company's compliance with debt covenants and warn management of covenant breaches; as applicable. Manage corporate insurance policies, brokers, renewal processes and ongoing certificates of insurance for operations. Comply with any filing requirements imposed by local, state, or federal governing authorities. Comply with all tax reporting and payment requirements. Manage Company audits, review and act upon the findings and recommendations of external auditors.
Skills & Experience
10+ years of experience at a senior financial level (i.e. CFO) within a professional services contract-based business with substantial management and operational exposure. 10+ years' experience in finance, tax, FP&A, management information systems, cash management, budgeting, forecasting, project management as well as the development, implementation, and presentation of related reports and statements. Experience within a private equity-backed business. Experience as a senior leader for a Company that has grown dramatically, both organically and through acquisition, and has successfully "scaled" resources to accommodate growth and integrate acquired businesses. Extensive experience meeting US GAAP and managing annual financial audits (3rd party audit). Proven experience leading high-performing teams. Strong organizational leadership abilities with a willingness to act as both a player and a coach. The ability to excel in a fast-paced, results driven environment. Demonstrated competency for strategy leveraging past data and real-time KPIs to offer forward looking recommendations. Experience in BI solutions and hands-on implementation of new financial systems and processes. Education & Certifications
Bachelor's degree in accounting, finance, or business Master's degree in finance or business administration is highly desirable. CPA license (preferred) Supervisory Requirements
This position is responsible for supervision of a growing team of direct reports, initially 2 direct reports. Work Environment and Physical Demands
FLSA professional position paid on salary basis. Business requirements and tight deadlines often require work weeks exceeding 40 hours (including weekends or holidays). Significant desk work on a computer. Hybrid work environment - 100% remote initially; until a local headquarters location is selected (Fishers/Noblesville location). Upon establishment, a hybrid schedule is anticipated, minimum 3-day office schedule. Lifting requirements - 35 lbs. per OSHA requirements
Duties, responsibilities, and activities may change based on the business needs.
ViTalent and our partners are Equal Employment Opportunity (EEO) employers(s). We believe that a diverse workforce is key to our success. We welcome applications from all members of society irrespective of age, sex, disability, sexual orientation, race, religion, or belief. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, and protected veteran or disabled status.
#LI-LN1
#VTLS