What are the responsibilities and job description for the Chief Financial Officer position at ULabs Systems Inc?
Job Description
Job Description
Description :
uLab is a growth stage company led by experienced industry leaders. uLab's DNA contains multi disciplinary teams with deep expertise in engineering, technology and commercialization. We focus on bringing innovative products to market using our extensive orthodontics, software and aligner knowledge. Our advanced orthodontic solutions such as digital treatment and state-of-art aligner products let orthodontists take back control of the patient's clinical needs and provide the highest quality care to patients.
uLab has ambitious growth plans in the coming years, and this requires strategic planning and analysis, often using significant amounts of data to draw conclusions, examine scenarios and formulate plans. The Company also requires a seasoned finance leader who is knowledgeable of accounting principles and controls. We created this key position to support our growth and are seeking an individual with both strong financial and business acumen, as well as demonstrated experience and expertise in data analytics.
About You
You come with a strong background in accounting, operations finance and integrated planning, with demonstrated results as a strategic, solutions-minded business partner. You will manage the monthly accounting processes and help to develop / enhance business processes and systems, as well as lead an integrated finance function. Additionally, you will manage the company's integrated planning process, including rolling forecasts.
JOB SUMMARY
As uLab's Finance Director, you will be responsible for managing the finance team and their support of monthly accounting processes, as well as providing financial updates and reports to the executive team, the Board of Directors, and investors. You will also be performing quantitative and qualitative analysis to support the operational and strategic needs of the business. Your focus will include deep analysis of our manufacturing processes and systems, analytics on current / forecasts costs, and integrated planning to align anticipated demand with supply. This will be a hands-on role, and you will work with numerous cross-functional teams, including operations, sales / marketing, and others, managing processes but also producing valuable content / insight.
Requirements : JOB RESPONSIBILITIES
- Manage finance team and their daily responsibilities, including monthly accounting processes and required audit / tax work
- Serve as SME on the Company's accounting systems (NetSuite, SalesForce, Tableau, Avalara) and serve as liaison for internal and external IT colleagues on maintenance and development needs
- Serve as a trusted and reliable business partner to the Company's internal leaders (executive team and department managers).
- Serve as the source of financial updates and guidance for both the Board of Directors and investors; support the CEO in fundraising efforts for new capital, due diligence efforts, etc.
- Manage operations finance and cost accounting processes; assess and continuously improve operational finance capabilities in these areas.
- Analyze and report on unit volume, costs and margin. Develop dashboards to highlight trends over time. Perform ad-hoc reporting as needed.
- Analyze profitability of ancillary services (custom boxes, uAssist) - work with colleagues to develop business models, establish pricing and maximize profitability.
- Analyze production data to understand cost drivers, develop cost / margin forecasts to predict future scenarios - working continuously to improve efficiency.
- Work closely with Commercial team to develop / refine revenue forecasts / models. Align future forecast models for units / revenue with production capacity - plan and recalibrate manufacturing staffing and resources
- Manage capital expenditure reporting and forecasting to align with capacity needs; manage leasing relationship on manufacturing equipment
- Lead the company's integrated business planning process, working closely with other finance colleagues - this includes the maintenance of the finance calendar and the management of the quarterly rolling forecast process.
- Work closely with IT department and finance colleagues on development and implementation of manufacturing systems and integration of these systems into the broader ERP system
- Partner with cross-functional team members to model costs of proposed business development transactions (e.g., OEM arrangements) or new businesses / services, to help inform our pricing and to ensure solid margins.
- Assist, as needed, with the development and implementation of new processes to support company-wide efficiency.
EDUCATION
Describe the know-how that is required to perform the job in an acceptable manner in terms of education, job experience, and specific skills. Use as much detail as necessary to ensure that the specifics are clearly addressed. It is important to be accurate when stating educational requirements.
Education Required :
Bachelor's Degree in Accounting, Finance, Economics or related discipline from an accredited college / university.
Education Preferred :
Master's Degree in Accounting, Finance, Economics or related discipline from an accredited college / university.
Years of Related Experience :
Minimum of 10 years' experience in related field
Financial Modeling and Business / Data Analytics experience preferred.
REQUIRED SPECIAL SKILLS, KNOWLEDGE AND ABILITIES
PHYSICAL DEMANDS AND WORKING CONDITIONS
The physical demands described here are representative of those that must be met by an employee to be successful to perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential Junctions.
Mobility to work in a typical office setting and use standard office equipment, vision to read printed materials and a computer screen, and hearing and speech to communicate in person or over the telephone. Accommodation may be made for some of these physical demands for otherwise qualified individuals who require and request such accommodation.
Other Duties Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.