VP, Finance & Accounting

Job Description

Job Description

Company & Job Overview :

Diality Inc, a privately held medical device company located in Irvine, CA is committed to improving the quality of life for patients with kidney disease. We are developing a smart, flexible, portable hemodialysis machine that will enable patients to self-treat at home or wherever they travel. The extremely versatile hemodialysis solution will allow more patients to benefit from their true dialysis prescription at home or in a variety of care settings, including nursing homes, hospitals, and dialysis centers, without the need for pre-mixed dialysate bags or external water-treatment systems.

Diality is seeking a highly skilled and experienced VP of Finance and Accounting reporting to the Chief Operating Officer. will be responsible for overseeing all financial and accounting aspects of the company, including financial planning, analysis, forecasting, accounting operations, internal controls, financial reporting, compliance, and risk management. The ideal candidate will possess a strong background in both finance and accounting, with experience in managing the financial complexities faced by pre-revenue companies, particularly in the medical device industry. This role requires a strategic thinker with operational capabilities who can contribute to the overall growth and success of the organization.

Responsibilities :

1.Financial Strategy & Planning

oLead long-term financial planning, forecasting, and budgeting, ensuring alignment with company goals and milestones.

oDevelop and implement financial strategies to support the company's growth objectives and transition from pre-revenue to commercialization.

oPartner with the executive team to shape the overall strategic and financial direction of the company.

oConduct market and competitor intelligence analysis to identify financial opportunities, risks, and trends, and incorporate insights into financial planning and strategy.

2.Accounting Operations & Management

oOversee all accounting functions, including general ledger, accounts payable, accounts receivable, payroll, and expense management.

oEnsure the accuracy and integrity of financial records, maintaining a comprehensive accounting system that complies with GAAP and other relevant accounting standards.

oImplement and maintain internal controls, policies, and procedures to ensure compliance and safeguard company assets.

oManage and maintain the company’s ERP system (NetSuite), ensuring data integrity, process efficiency, and that the system meets the needs of finance and accounting operations.

3.Financial Reporting & Compliance

oManage the preparation and presentation of accurate and timely financial reports, including monthly, quarterly, and annual financial statements.

oEnsure compliance with tax regulations, corporate governance, and other financial reporting requirements.

oCoordinate and manage annual audits, working closely with external auditors and regulatory bodies.

4.Budgeting, Forecasting & Financial Analysis

oLead the budgeting process, working with department heads to develop and manage annual budgets.

oCreate and maintain financial models for scenario planning, product development, and commercialization strategies.

oAnalyze financial performance, provide insights, and make recommendations to optimize financial outcomes and cost efficiencies.

oPerform actual vs. budget analysis monthly, and conduct reviews with department owners to identify variances, understand drivers, and implement corrective actions as needed.

5.Fundraising & Investor Relations

oCollaborate with the executive team on fundraising activities, including equity and debt financing.

oPrepare financial materials for investor presentations, due diligence, and board meetings.

oServe as the primary financial contact for investors, lenders, and other stakeholders, ensuring transparency and accuracy in all financial communications.

oManage the company’s cap table, ensuring accurate record-keeping of ownership structure, equity grants, and dilution impact.

6.Risk Management & Internal Controls

oIdentify and manage financial risks, including cash flow, operational expenses, and regulatory compliance.

oDevelop and implement robust internal controls to ensure accurate financial reporting and minimize risk exposure.

oMonitor and manage cash flow, ensuring the company is adequately funded to support operations and growth.

7.Team Leadership & Development

oBuild and lead a high-performing finance and accounting team, providing mentorship, guidance, and professional development.

oFoster a culture of financial discipline, accountability, and continuous improvement within the team.

Qualifications & Requirements :

• Bachelor’s degree in Accounting and / or Finance; CPA, CGMA, or equivalent accounting certification strongly preferred. An MBA is a plus.
• 10 years of progressive experience in accounting and finance, with substantial time spent in senior accounting leadership roles overseeing complex accounting operations.
• Proven experience in a pre-revenue or early-stage startup environment, preferably within the medical device or biotech sector.
• Extensive technical expertise in GAAP, financial reporting standards, tax regulations, and regulatory compliance, with a proven track record of maintaining accounting integrity in dynamic environments.
• Strong experience managing financial compliance, internal controls, and audit processes, ensuring adherence to rigorous accounting standards.
• Demonstrated ability to develop and oversee financial reporting systems, manage month-end and year-end close processes, and provide accurate, timely financial statements.
• Proven experience in financial modeling, forecasting, and data-driven financial analysis to support strategic decision-making.
• Experience with fundraising, investor relations, and managing financial aspects of product development / commercialization is a plus.
• Strong communication and interpersonal skills, with the ability to convey complex financial concepts to non-financial stakeholders.
• Strategic thinker with a meticulous, detail-oriented approach and the ability to excel in a fast-paced, growth-focused environment.
• Strong expertise in financial modeling, forecasting, analysis, and financial reporting.
• Current or previous experience with NetSuite is required.