Drive Financial Strategy as a Part-Time CFO! An innovative biotech startup in West Cambridge, Massachusetts, focused on developing life-changing therapies for patients with unmet needs, is seeking a Part-Time CFO to join their team.
As the CFO, you will be a key strategic leader, building a high-performance finance team and guiding the company’s growth, both organically and through strategic partnerships. You’ll collaborate closely with the CEO and leadership to shape financial strategies that align with the company’s vision and long-term goals.
If you’re a results-driven finance expert with a proven track record of building and leading successful finance teams in fast-growing companies, this role is your chance to make a significant impact!
What You'll Do
- As a business partner to the CEO and senior leadership team, the CFO will assess organizational performance against both the prior year's results, the annual budget, and the company’s long-term strategy.
- Develops tools and systems to provide critical financial and operational information to the CEO and make actionable recommendations on both strategy and operations.
- Oversees long-term budgetary planning and cost management in alignment with the company’s strategic plans.
- Advise the CEO on business development and strategic planning.
- Assist in raising additional capital at appropriate valuations to enable the company to meet sales, growth, and market share objectives.
- Reviews and approves board packages and quarterly and annual shareholder reports.
- Ensures maintenance of appropriate internal controls and financial procedures for the company.
- Ensures timeliness, accuracy, and usefulness of financial and management reporting to the company’s CEO and leadership team.
- Ensures GAAP, legal, and regulatory compliance regarding all financial functions.
- Represents the company to business partners, analysts, and investors, including financial institutions and auditors.
- Managing all short and long-term strategic financial objectives of the company, supporting the executive team with vital financial information and operational analytics, and driving a culture of accountability in managing the business.
- Assist the CEO in the successful growth of the organization, including capital-raising strategies.
What You Need
- A bachelor’s degree in finance, accounting, or business administration. MBA is a plus.
- A certified public accountant designation (CPA) is preferred.
- At least 15 years in progressively responsible financial leadership roles.
- Biotech, Life Science, or Drug Development industry experience is required.
- Must have public company experience.
- IPO experience is strongly preferred.
- Biotech industry experience and must take on the role of a full partner and advisor to the CEO.
- Able to take a prominent voice in investor relations and communications to the Board.
- Possess the skills to communicate the company’s story to investors.
- You need to be able to tell the story, ranging from the sophisticated science to the product and sales details, while still being able to sign off on the Ks and Qs.
- Because biopharma lives in discovery stages, the CFO must change with it.
- A track record of originating and closing equity deals should have a list of potential financing sources that are willing to take their call.
- Have already run the marathon of taking a company public and want to do it again.
- Experience with VC firms or raising priced equity rounds as needed.
- Reports directly to the CEO.
- Interacts frequently with members of the senior leadership team.
Salary & Benefits
- Location: Cambridge, MA
- Salary: $160,00 - $200,000
- Hybrid
- Part-time (20 hours per week)
- Monday through Friday
- 6 vacation days, 5 sick days
- Insurance and 401K could be negotiable
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Last updated on Oct 17, 2024