About the Company
Our client is a high-growth, private equity-sponsored distributor of specialty pharmaceuticals helping life-saving products reach patients. Originally one of the largest distributors of pharma products for hemophiliacs, the Company has expanded into other therapeutic areas including oncology and ophthalmology. With the business expected to double revenues organically over the next two years, the Company is expanding and transforming its accounting and finance organization to support continued growth.
About the Role
Reporting the CFO, the VP Controller will lead accounting and financial reporting, treasury, tax, credit and collections, payables, payroll, and risk management. This senior leadership position is responsible for ensuring timely and accurate financial reporting and providing actionable analysis, that company accounting and reporting procedures conform to GAAP, and that a strong internal control environment is maintained. The VP Controller will collaborate across business areas to identify and implement business process changes to enable growth and efficiencies. This role will also oversee key financial systems and serve as the primary lead for audit and tax matters. A successful candidate will be strategic, tactical, and proficient across many aspects of accounting and finance.
Key Responsibilities
Own monthly, quarterly, and annual reporting in compliance with GAAP and external and management accounting requirements
Maintain the company’s system of accounts and records for all company transactions and assets
Manages the timely, accurate, and actionable preparation and distribution of financial reports
Manages the day-to-day and cyclical activities of the accounting team, including close cycle and consolidation activities
Perform technical accounting research, provide analysis on impacts and implications of new and revised standards, and ensure they are implemented as appropriate
Make recommendations for updates to policies, internal controls, accounting standards, and procedures and oversee the adoption of accounting and financial management policies and procedures company wide
Oversee treasury function, including daily cash management to maximize cash flow and minimize interest expense, and provide/aid in cash flow forecasts
Directs and oversees tax planning and compliance for all tax types (income, sales/use, payroll, property, etc.)
Own the audit process and coordinate with public accountants and legal advisors
Oversee the AR and AP functions for the company and the establishment of best practices to support growth, mitigate risk, and optimize cash flow and profit
Responsible for Payroll processing through PEO
Partner with IT and other business areas to provide oversight over financial systems and related business processes
Manage the activities and performance of the Finance team within a high-growth environment; promote a culture of high performance and continuous improvement that values learning and commitment to quality
Understand and mitigate key elements of the company’s risk profile such as chargebacks, pricing, contracts, insurance, payment terms, and credit practices
Qualifications
Bachelor’s degree in accounting, finance, or related field
Ten years of progressive accounting management experience, and an expert in U.S. GAAP with later leadership experience in a fast-paced, growing environment
Experience owning Accounts Receivable and Accounts Payable functions
Highly proficient at working with Excel and other financial tools and systems, with experience in SAP a significant plus
Knowledge and application of federal, state, and local corporate tax laws (including income tax, property tax, and sales/use tax)
Experience in healthcare distribution or industries with significant working capital and inventory components
Experience building, leading, and developing teams with diverse backgrounds and skill sets
CPA license (current or inactive)
Proven ability to integrate within a senior management team as a valued advisor while executing timely and accurate results in a team-based matrix environment
Articulate and dynamic communicator with the ability to communicate effectively in both oral and written formats with customers, employees, and vendors at all levels
Collaborative: ability to develop strong relationships and work cohesively and respectively across different areas and with all levels of the organization
Strong process orientation; organized and detail-oriented; committed to procedures with focus on internal controls, operational excellence, and process improvement
Ability to influence decisions based on qualitative and quantitative financial analysis
Capable of balancing the hands-on tasks of daily and monthly financial reporting and analysis and high-level strategic thinking
Ability to think strategically and work independently; be flexible and adaptable
Must possess highest caliber of integrity and ethics; ability to maintain confidentiality and bring any compliance issues to the attention of management
Forecasting experience (especially working capital) a strong plus