About the Company

Join a rapidly expanding financial services firm specializing in alternative funding solutions for the healthcare industry. Specializing in accounts receivable factoring, asset-based lending, and revenue cycle business intelligence, they help healthcare facilities improve their cash flow by leveraging third-party medical receivables. Currently managing a significant portfolio of assets under management (AUM), they are poised for substantial growth, with additional funds coming online in the near term.

About the Role

Our client is seeking a dynamic and experienced Chief Financial Officer (CFO) to lead their financial strategy and operations during a period of rapid expansion. Reporting directly to the President, the CFO will oversee all financial aspects of the business, including treasury management, investor reporting, risk management, and compliance with US GAAP and international factoring accounting standards.

The ideal candidate will bring deep expertise in healthcare factoring, asset-based lending, and investment risk management, with a proven track record of managing complex financial operations in a high-growth environment. This role requires a strategic thinker who can grow with the company, manage a team of 3 controllers, and build scalable financial processes to support our long-term goal of managing a significantly larger fund.

The CFO must be comfortable working in a fast-paced, in-office environment (5 days per week) and collaborating with external parties such as legal firms and audit partners.

Responsibilities

• Financial Strategy & Leadership
• Develop and execute the financial strategy to support the company's rapid expansion, with a focus on scaling AUM significantly in the near and long term.
• Oversee treasury management, ensuring optimal deployment of capital and return on deployed funds.
• Drive budgeting and forecasting across multiple entities.
• Lead investor reporting, tailoring communications for administrators (including current and future administrators onboarding) and investors, some of whom may not have deep financial expertise.
• Identify and mitigate financial risks, particularly on the investment side, ensuring robust risk management practices.
• Conduct “smell tests” on financial numbers, spotting issues such as seasonality, participation (funders) vs. revenue trends, and other key performance indicators (KPIs) at a high level.

• Factoring & Asset-Based Lending Expertise
• Leverage extensive industry experience in healthcare factoring and asset-based lending to oversee funding operations, ensuring alignment with company goals and client needs.
• Analyze and optimize factoring performance, including participation rates, revenue cycles, and deployed capital returns.
• Ensure compliance with US GAAP and international factoring accounting standards (e.g., IFA), with a deep understanding of the accounting complexities behind factoring transactions.

• Accounting & Reporting
• Oversee all accounting functions, including trial balance preparation, US tax compliance, and financial reporting under US GAAP and/or international GAAP.
• Manage complex financial reporting for both large and small funds, ensuring accuracy down to the penny for bank reporting while applying materiality thresholds for investor reporting.
• Implement and maintain ERP systems (e.g., Accumatic) and factoring-specific software (e.g., Factor SQL) to streamline financial operations.
• Collaborate with external auditors and legal counsel to ensure compliance and accuracy in financial reporting.

• Team Leadership & Development
• Manage and mentor a team of 3 controllers, fostering a culture of accountability, accuracy, and growth. The team is expected to grow to 15 so you'll be able to grow a team that you want to work with.
• Build scalable financial processes and systems to support the company's expansion, ensuring the team is equipped to handle increased fund sizes and complexity.
• Partner with the operations team (based in Canada) and sales team (based in the US) to align financial strategies with business objectives.

• Strategic Growth & Investor Relations
• Develop KPIs and metrics to track financial performance, including deployed capital, return on investment, and seasonality trends, with the ability to perform high-level calculations in your head.
• Anticipate and address potential financial challenges ahead of time, leveraging extensive industry experience to spot issues proactively.
• Communicate effectively with investors and administrators, simplifying complex financial data for non-expert audiences while maintaining precision for banking and audit purposes.

Qualifications

• Education & Certifications
• CPA (Chartered Professional Accountant) - must have
• CFA (Chartered Financial Analyst) - must have
• CSC (Canadian Securities Course) - nice to have

• Experience
• Healthcare factoring and accounts receivable funding or Asset-based lending experience
• Investment risk management and underwriting processes
• Extensive experience in treasury management, including capital deployment and return optimization
• Proven track record in fund formation, managing financial operations for funds of significant size, with the ability to scale to a much larger portfolio.
• Expert understanding of US GAAP is essential
• Familiarity with US tax and accounting regulations.
• Previous experience working with external auditors and legal firms

Required Skills

• A hands-on leader who is able to scale up from operational level work, to high level c-suite tasks
• Strategic thinker with the ability to grow into managing a significantly larger fund.
• Exceptional analytical skills, with the ability to perform high-level KPI calculations in your head and spot trends or issues proactively.
• Strong leadership skills, with experience managing and mentoring teams in a high-growth environment.
• Detail-oriented, with the ability to manage simple accounting tasks while understanding the complexity behind the numbers.
• Excellent communication skills, with the ability to tailor financial reporting for diverse audiences, including non-expert investors and administrators.