Chief Financial Officer

Who we are: Fast Lab is a medical diagnostic laboratory that offers a full range of bioanalytical testing services. We provide a wide variety of tests, as well as fast, efficient COVID-19 testing for travel, symptoms and precautionary measures. We pride ourselves in delivering exceptional customer service, paired with quick, reliable testing so that every experience with us is as comfortable, and efficient as possible.

Summary of Role:

The ideal candidate will have 5+ years experience as a Chief Financial Officer in the independent laboratory space. The CFO will be responsible for financial strategy, financial planning and analysis, financial reports, costs variance, company audits, compliance, and risk management. They will collaborate with the CEO and the executive team to make decisions regarding the company's financial strategy and operations.

Essential Duties and Responsibilities:

• This Chief Financial Officer will oversee all aspects of financial management, payroll, risk management, and accounting operations.
• The CFO will be a key member of the executive leadership team, reporting directly to the CEO, and will play a crucial role in driving the company's financial strategy and administrative operations
• Responsibilities include Financial Strategy and Planning: Assist in developing and executing the company's financial strategy in line with overarching business objectives
• Provide strategic recommendations to the CEO and members of the executive management team
• Lead budgeting, forecasting, and financial planning efforts
• Financial Management: Oversee all aspects of financial reporting, including accounts receivable, accounts payable, billing, and collections
• Ensure compliance with accounting standards, regulatory requirements, and internal policies
• Manage cash flow, investment activities, and financial risk management
• Manage bank and other financing relationships
• Oversee information technology systems, conversion of financial accounting system and infrastructure to ensure efficiency, training and maximizing use
• Risk Management: Assist in identifying and mitigating financial and operational risks
• Implement policies and procedures to safeguard company assets
• Strategic Leadership: Collaborate with senior management to develop long-term plans and strategic initiatives
• Evaluate and advise on the financial impact of strategic decisions
• Stakeholder Communication: Present financial reports and analysis to Executive team, board of advisors and other stakeholders on an agreed to schedule
• Communicate financial performance and strategy effectively to internal and external stakeholders

Minimum Qualifications:

• Bachelor’s Degree in finance, accounting, economics, business administration, or related field (MBA preferred)-Required.
• 5+ years as a Chief Financial Officer in the Independent Lab industry (not hospitals)-Required.
• CPA, accounting or equivalent certification-Required.
• 10+ years of overall finance experience.
• In-depth knowledge of corporate finance and accounting principles, laws, and best practices.
• Excellent knowledge of data analysis and forecasting methods.
• Working knowledge of national and local tax regulations and compliance reporting.
• Demonstrable knowledge of Accounting Functions and Auditing is crucial.
• Experience in managing Budget Processes is required.
• Must have a solid understanding of Capital Management.
• Proficiency in cash flow analysis and cost variance is essential.
• Must have excellent communication and leadership skills.

Disclaimers: This job description is not all inclusive of duties, other responsibilities can be added and modified based on business needs at any time, with or without notice.

EEO Statement

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

ADA Statement

The Americans with Disabilities Act (ADA) and the Americans with Disabilities Amendments Act (ADAAA) are federal laws that require employers with 15 or more employees to not discriminate against applicants and individuals with disabilities and, when needed, to provide reasonable accommodations to applicants and employees who are qualified for a job, with or without reasonable accommodations, so that they may perform the essential job duties of the position.

It is the policy of Fast Lab Tech to comply with all federal and state laws concerning the employment of individuals with disabilities and to act in accordance with regulations and guidance issued by the Equal Employment Opportunity Commission (EEOC). Furthermore, it is the company policy not to discriminate against qualified individuals with disabilities in regard to application procedures, hiring, advancement, discharge, compensation, training or other terms, conditions and privileges of employment.

*We offer Competitive Salary, Flexible Hours, and Remote Work