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Chief Financial Officer

Somatus

Somatus

Accounting & Finance
McLean, VA, USA
Posted on Saturday, May 20, 2023

Somatus is on a mission to be the world’s best provider of integrated care delivery for patients with or at risk of kidney disease. Our team cares deeply about our mission in service to our partners and patients and each team member demonstrates our core values of Authenticity, Collaboration, Empowerment, Innovation and Tenacity. The Chief Financial Officer reports to the CEO and is accountable for the administrative, financial, and risk management of the company, to include the development of a financial strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. Principal accountabilities are:

Planning

  1. Assist in formulating the company's future direction and supporting tactical initiatives
  2. Monitor and direct the implementation of strategic business plans
  3. Develop financial and tax strategies
  4. Manage the capital request and budgeting processes
  5. Develop performance measures that support the company's strategic direction

Operations

  1. Participate in key decisions as a member of the executive management leadership team
  2. Maintain in-depth relations with all members of the management leadership team
  3. Manage the accounting, investor relations, tax, and treasury functions
  4. Oversee the financial operations of subsidiary companies
  5. Manage any third parties to which accounting or finance functions have been outsourced
  6. Oversee the company's transaction processing systems
  7. Implement operational best practices
  8. Oversee employee benefit plans, with emphasis on maximizing a cost-effective benefits package
  9. Supervise acquisition due diligence and negotiate acquisitions

Financial Information

  1. Develop and oversee the issuance of financial information
  2. Report financial results to the CEO/Board of Directors
  3. Collaborate with the Executive Leadership Team on the development and oversight of risk-based business agreements.

Risk Management

  1. Understand and mitigate key elements of the company's risk profile
  2. Construct and monitor reliable control systems
  3. Maintain appropriate insurance coverage
  4. Ensure that the company complies with all legal and regulatory requirements
  5. Ensure that record keeping meets the requirements of auditors and government agencies
  6. Report risk issues to the CEO and audit committee of the Board of Directors
  7. Maintain relations with external auditors and investigate their findings and recommendations

Funding

  1. Monitor cash balances and cash forecasts
  2. Arrange for debt and equity financing
  3. Invest funds
  4. Invest pension funds

Third Parties

  1. Participate in conference calls with the investment community
  2. Maintain banking relationships
  3. Represent the company with investment bankers and investors

Work Setting

Will work in an office environment. Travel to company subsidiaries will be necessary, as well as for investor meetings/conferences.

EDUCATION AND EXPERIENCE

  • Master's degree in accounting or business administration, or equivalent business experience
  • 5+ years of progressively responsible experience for a major company (Healthcare preferred) or division of a large corporation.
  • Should have experience in partnering with an executive leadership team and have a high level of written and oral communication skills.
  • Preference will be given to candidates with an MBA in Finance and the Certified Public Accountant or Certified Management Accountant designations.

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.

Our priority is the health and safety of our members, colleagues, partners, and community. Proof of COVID-19 Vaccination is required for employment. If you are unable to be vaccinated for medical reasons or sincerely-held religious beliefs, we will consider requests for reasonable accommodations consistent with our policy, and where we are able to provide such accommodations without undue hardship to the company pursuant to applicable law. All requests for proof of vaccination or for exemptions from the vaccination requirement will be subject to any limitations stipulated by current state and/or federal laws.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Somatus, Inc. provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Further, the company takes affirmative action to ensure that applicants are employed, and employees are treated during employment without regard to any of these characteristics. Discrimination of any type will not be tolerated.