Title: Chief Financial Officer (CFO)
Department: Finance
Job Type: Regular Full time
Location: Horsham, PA - Hybrid
Company Summary:
NMS Labs has developed an extensive menu of more than 2,500 tests to support clients in forensic, criminalistic, public health and clinical fields. For over 50 years, our clients have relied on NMS Labs for unique testing solutions that demonstrate our company core values of Quality, Integrity, Service, Innovation and Engagement. As we work to increase the company’s positive impact on public health and public safety, we are seeking talented professionals to join us for the journey! We invite you to learn more about our company by visiting NMSLabs.com.
Job Summary:
The Chief Financial Officer (CFO) will be responsible for overseeing all financial aspects of the company. This strategic leader will guide financial planning, risk management, record-keeping, and financial reporting. The CFO will play a critical role on the Executive Leadership Team in shaping the strategic and financial future of NMS Labs, ensuring alignment with our overall business strategy while maintaining compliance with relevant regulations and standards.
Requirements:
Required:
Master’s degree in Finance, Accounting, Business Administration, or a related field; CPA preferred.
15+ years of progressive financial leadership experience, with at least 10 years in a senior financial role, preferably in the healthcare or laboratory sector.
Proven track record of financial planning, analysis, and strategic decision-making in a complex organization.
Exceptional analytical skills, with a high proficiency in financial modeling and reporting tools.
Excellent communication and leadership skills, with the ability to influence and engage stakeholders at all levels.
Strong expertise in cost accounting, with the capability to deeply analyze pricing issues and manage public sector contracting.
Strong cost accounting experience with ability to “Drill down” on pricing issues coupled with public sector contracting experience.
10+ years of experience leading technical professionals with demonstrated effectiveness to recruit, hire and train a team as well as provide continued guidance, mentorship and support to staff.
Preferred:
Strong understanding of operations, financial regulations, and health care compliance requirements.
Experience in multi-site (U.S.) organizational structures is desirable.
Experience in clinical and/or forensic laboratory services/diagnostics industries.
Major Duties and Responsibilities:
Financial Strategy & Leadership:
Develop and execute financial strategies that support the company’s objectives and growth plans.
Provide strategic recommendations to the CEO and executive team based on sound financial analysis and projections.
Provide strategic input and thought leadership on major company decisions, including potential acquisitions, mergers, and/or partnerships.
Develop and continuously evaluate both short- and long-term strategic financial objectives.
Financial Planning & Analysis:
Oversee budgeting, forecasting, and financial modeling processes to ensure fiscal health.
Analyze financial performance against budget and industry benchmarks, identifying and driving opportunities for improvement while providing financial interpretation and insights on variances.
Drive the ongoing enhancement of the budgeting process through educating department managers on financial issues impacting their operations.
Lead optimization of medical benefits and 401k costs while maintaining high-quality care for employees. Collaborate with HR and benefits consultants to analyze current benefit plans, identify cost-saving opportunities, and negotiate favorable terms with providers.
Financial Reporting & Compliance:
Prepare and present financial reports to the board of directors, and executive team.
Ensure timely and accurate financial reporting in compliance with GAAP and other regulatory requirements.
Treasury Management:
Manage treasury functions, ensuring effective policies and procedures are in place.
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