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Chief Financial Officer

DRUG INFORMATION ASSOCIATION (DIA)

Washington, D.C., USA

Title: Chief Financial Officer

 

ORGANIZATION

DIA (founded as the Drug Information Association) is a global association that mobilizes life science professionals from across all areas of expertise to engage with patients, peers and thought leaders in a neutral environment on the issues of today and the possibilities for tomorrow.  As a member-driven, volunteer organization, professionals from 80 countries have affected healthcare outcomes, by engaging with DIA through an unparalleled network, educational offerings, and professional development opportunities.

DIA's members come together to collaborate and problem-solve, discussing global and local challenges facing the life sciences field in an increasingly more complex and interconnected world. DIA's goal, and its members' hope, is for this collaboration to result in better policies, regulations, science, research and development, and ultimately better patient outcomes worldwide.

DIA Mission

DIA, functioning as a thought catalyst for the industry, fosters innovation to improve health and well-being worldwide by:

  • Providing invaluable forums to exchange vital information and discuss current issues related to healthcare products, technologies, and services;
  • Delivering customized learning experiences;
  • Building, maintaining, and facilitating trusted relationships with and among individuals and organizations that drive and share DIA values and mandates; and
  • Offering a multidisciplinary neutral environment, respected globally for integrity and relevancy.

 

DIA’s strategic areas for fostering innovation include:

  • Patient Engagement
  • Translational Science
  • Regulatory Science
  • Value and Access to Healthcare
  • Learning and Training

 

LOCATION

Washington, DC

 

REPORTING RELATIONSHIPS

The Chief Financial Officer (“CFO”) reports directly to the President & Global Chief Executive (CEO). 

 

RESPONSIBILITIES

The CFO is responsible for leading the finance, facilities, and outsourced legal function on a global basis to support DIA’s multinational operations in China, Europe, India, Japan, North America, and other locations throughout the world. 

 

The CFO will work closely with the CEO, Executive Leadership Team (ELT), and Board of Directors to drive a strategic change agenda. This position is a hands-on strategic leadership role to take DIA into a significant growth phase.

 

The ongoing responsibilities are as follows.

 

  • In close collaboration with the other members of the ELT, develop, execute, and communicate, financial and operational strategy that aligns with DIA’s mission, vision, goals, and values to the board, volunteers, and staff.
  • Develop and implement the financial strategy for the global organization in concert with the ELT.
  • Working with staff and ELT, ensure that legal support and facilities meet the needs of DIA in all locations globally using outside vendors or in-sourced capabilities.
  • Provide guidance and advice to the CEO, the Board of Directors, and other members of senior management on financial and business issues.
  • Lead, manage, and oversee the finance and accounting functions, including the related internal controls, and delivery of GAAP-compliant results.  This includes financial reporting, short range and longer-term financial planning, general and cost accounting, accounts payable, accounts receivable, tax, and banking and cash management.
  • Lead, manage, and oversee the financial, facilities, and legal functions.
  • Develop and monitor performance against short- and long-term financial objectives, including forecasts, budgets, and growth plans, and consistently deliver on financial commitments.
  • Improve effectiveness and efficiency by streamlining, enhancing, and automating key processes.
  • Work closely with the CEO and other members of the ELT on return on investment (ROI) and business case analyses for potential new products, services, and partnerships. Work to create and implement a growth strategy for DIA.
  • In partnership with the CEO, proactively communicate, interact and collaborate with DIA Board including but not limited to the Executive, Finance, and Audit Committees and advisory councils, as requested.
  • Evaluate the impact to the organization of any regulatory issues, accounting changes or other emerging financial issues and oversees the implementation of appropriate changes to relevant processes and reporting.
  • Represent the company externally to government agencies, auditors, tax advisors, bankers, investment advisors, business consultants, etc.  Coordinate annual financial audits.
  • Establish and maintain direct and open communications with members, customers, vendors, employees, and external partners to ensure alignment with company objectives.
  • Provide leadership and coaching to the global finance, facilities, and legal teams. 
  • Develop and maintain a culture of innovation, planning, decision analytics, and teamwork both with his/her direct team, overall staff, members, and partners.
  • Lead the development of risk management strategy, policies, processes, and controls to mitigate organization exposure including business continuity and disaster recovery planning.
  • Establish and maintain industry best practice operating standards and practices that are responsive and adaptable to evolving business needs.
  • Other duties as assigned.

 

QUALIFICATIONS

The successful candidate will have 15 plus years of related experience in progressively responsible roles leading finance and other operational/administrative functions for a global organization. The ideal candidate will have worked for a corporation or other for-profit, revenue cycle organization in a senior finance role.

The final candidate will have many of the following experiences, skills, and personal attributes.

  • Broad and deep understanding of accounting and finance principles, ideally gained in part from working at a major accounting firm, for-profit corporation, or similar with current knowledge of US GAAP requirements and global accounting standards. 
  • Proven expertise performing in-depth analysis of financial plans including budgets, acquisitions, contract accounting, capital appropriations, financing, leasing, cash management, credit facilities, etc.
  • Demonstrated track record to proactively identify, assess, analyze, and communicate financial scenarios that may affect business operations, including currency exchange issues.
  • Expertise in developing and implementing creative business models.
  • Deep experience creating and assessing budgets and financial statements.
  • Proven track record leading, managing, and overseeing operational/administrative functions such as facilities, technology, or legal.
  • Proven ability to proactively identify and lead the re-engineering of key processes and systems in support of the organization’s mission and objectives.
  • Demonstrated ability to assess talent, clearly define roles, build teams, lead people, and coach and develop staff.  Proven leadership skills with the ability to drive challenging projects and motivate teams to achieve common goals.
  • Strong organizational skills including the ability to implement change management initiatives.  
  • Capability to work with tight deadlines without compromising quality. Must be able to effectively multi-task in a calm manner on time-sensitive, critical issues in a dynamic environment.
  • Previous experience working in the healthcare industry and/or a nonprofit organization is a plus.
  • Excellent oral and written communication skills.
  • Strong attention to detail.
  • Ability to exercise highest level of discretion on both internal and external confidential matters.
  • Must be impeccably honest and ethical.
  • Ability to travel locally and internationally.

 

EDUCATION

A bachelor’s degree in finance, accounting, business administration or related field or equivalent experience is required.  A Certified Public Accountant license is highly desired and a master’s degree is a plus.

 

COMPENSATION

An attractive compensation package will be offered consisting of a base salary and competitive benefits package.

HOW TO APPLY

CONTACT INFORMATION

For additional information, to make a recommendation, or to be considered confidentially, contact:

Gary Roberts 

Managing Partner 

   

1750 Tysons Blvd, 15th Floor 

McLean, VA  22102 

Phone: 703-319-7889 

gary.roberts@cabotinc.com 

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