Chief Financial Officer

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.

Manage cash flow projections and reporting, ensuring sufficient cash reserves to meet operational needs and compliance with bank covenants.

Identify investment opportunities and maximize return on invested funds.

Drive initiatives to enhance shareholder returns and maximize profitability.

Risk Management:

Assess and manage financial risks, ensuring adequate controls and safeguards are in place.

Monitor compliance with financial regulations and standards, implementing necessary policies and procedures.

Oversee audits, implement financial safeguards, and manage relationships with regulatory agencies and legal advisors.

Stakeholder Engagement:

Foster collaborative relationships across the company to influence sound financial decision-making and enhance the overall financial health of the organization.

Maintain strong external relationships, including with bankers, auditors, credit rating agencies, financial advisors, benefits brokers, insurance brokers and other relevant vendors.

Perform the Auditor Liaison role by engaging with external auditors, collaborating on tax strategies and overseeing annual requirements.

Maintain a strong and transparent relationship with the Board of Directors.

Continuous Improvement:

Identify, drive and influence opportunities for process improvements and cost reductions across the organization to enhance profitability and service delivery.

Facilities and Real Estate Oversight:

Manage facilities financial reporting, and general office expenses, including negotiating leases and coordinating with legal counsel for real estate matters.

Team Development and Influence:

Lead, mentor, and develop a high-performing Contracting, Accounting, Finance and Procurement teams, fostering a culture of excellence and continuous improvement while overseeing work allocation, training, problem resolution, and performance evaluations.

Knowledge, Skills, and Abilities:

• Comprehensive understanding of banking, cash management, and corporate insurance programs.
• High integrity and dependability, coupled with a strong sense of urgency.
• Strong analytical and problem-solving capabilities, able to respond effectively to sensitive inquiries or complaints.
• Demonstrated ability to perform long-term project planning, team building, budgeting, and operational improvement.
• Familiarity with continuous quality improvement methodologies, including Lean and Six Sigma.
• High degree of IT proficiency, particularly in financial and accounting software.
• Excellent interpersonal skills, with the ability to communicate effectively across all levels of the organization and with remote staff.
• Demonstrated track record of cross-functional influence and engagement.
• Dynamic, collaborative team player who drives and adapts well to change and achieves results.

Physical Demands:

• Ability to communicate verbally and in writing, use office equipment, and manipulate tools or instruments as necessary.
• Capacity to move between work locations and remain seated or standing for extended periods.

Offers of employment are made contingent upon a nationwide background investigation and urine drug screen with results satisfactory to standards of employment at NMS.

We are an equal opportunity employer and will not discriminate against any employee or applicant for employment because of race, creed, sexual orientation, color, religion, sex, national origin, age, marital status, citizenship status, otherwise qualified disability, or protected veteran status (disabled Armed Forces Service medal, recently separated, active duty or campaign badge), domestic violence victim status, arrest record, or predisposing genetic characteristics.