CFO

Job Title: CFO of Diagnostics

Location: Boston MA, United States

Industry: Medical Equipment Manufacturing

This Medical Equipment Manufacturing company is seeking a Chief Financial Officer (CFO) for a diagnostics business unit, that will report directly to the President of Diagnostics. Playing a key role in shaping financial strategy and performance, as well as being a key member of the senior leadership team, the CFO will oversee all aspects of finance, including strategic planning, risk management, financial forecasting, budgeting, portfolio management and ROI assessment. It will be an essential aspect of your role to collaborate with the Diagnostics President on profit loss management, ensuring transparency and accountability while safeguarding assets and effectively managing risks. Developed analytical capabilities are required to assist the financial performance of the company, producing accurate and timely insights for decision making.

Key Responsibilities:

• Develop and present strategic plans and annual budgets to senior leadership, monitoring performance and implementing remedial measures.
• Partner with the Diagnostics team to achieve all business and financial objectives.
• Analyse previous sales and market trends to produce monthly forecasts, providing detailed explanations and solution-oriented strategies.
• Collaborate with Sales, Marketing, Engineering, Manufacturing, and operations to produce greater forecast accuracy.
• Support M&A initiatives alongside senior leadership and corporate development.
• Oversee the Procurement team, helping to reduce obsolescence risk and meeting customer demand by managing inventory effectively.
• Work on price strategies and customer programmes with Sales and Marketing to ensure competitiveness and optimal ROI.
• Consistently deliver cost insights, driving cost reduction initiatives across the company.
• Review and report on key performance metrics and indicators, ensuring the reports relevance and transparency.
• Prepare and relay standard and ad hoc analyses for senior leadership.
• Develop and evaluate business plans as well as capital expenditures.
• Lead the finance strategy for Diagnostics, ensuring internal operations are compliant with relevant regulations.

Required Qualifications:

• Bachelor’s degree in Accounting or Finance (preferred CBA/MBA).
• 15+ years of finance experience, preferably in medical device manufacturing or highly regulated industries.
• 5+ years of leadership experience (preferably in consolidation or FP&A).
• Extensive experience in FP&A, B&F, M&A, CIM, Public Company Operations, and Global Manufacturing.
• Demonstrable ability to hire and manage high-performing teams, focusing on talent development and planning succession.
• Transformational leadership and change management success.
• Willing to travel.

The annual salary for this permanent role is between $240,000-$310,000. The exact compensation offered to the candidate will be influenced by factors including geographical location, relevant education and certifications, skill set, experience, and performance.