OmniaBio Careers

Description

Role Summary:

The Chief Financial Officer is a crucial role in driving OmniaBio’s financial strategy, growth, and operational efficiency.  The CFO is responsible for overseeing all aspects of the finance function, including financial transactions, planning & analysis, risk management & compliance, capital management, and reporting.  As a member of the executive team, the CFO works closely with the CEO and the Board of Directors in supporting OmniaBio’s business strategy and objectives. The CFO directs the planning, organization and implementation of company-wide financial processes and internal controls to ensure sound financial stewardship. The role provides leadership and guidance for a high-performing finance team and liaises with finance shared services operations at the parent company, CCRM. As OmniaBio continues to grow as a leading CDMO, the CFO will lead activities to ensure an effective and efficient finance function is maintained, while adopting a mindset of continuous improvement.

Responsibilities:

Financial Strategy

• Develop and execute the company’s financial strategy in alignment with overall business objectives.
• Provide financial insights and recommendations to the CEO and Board of Directors to support long-term growth and profitability.
• Collaborate with the executive team to drive capital investment, business development, and growth opportunities, including potential fundraising, mergers, acquisitions, partnerships, and joint ventures.
• Drive operational efficiency by optimizing financial processes and systems, improving cash flow management, and reducing costs where possible and appropriate.
• Develop policies and provide guidance for contract negotiations as related to payment terms, revenue recognition, and margin management specific to the CDMO model.
• Lead initiatives to enhance automation, digital transformation, and data-driven decision-making within the finance function.

Financial transactions

• Provide oversight for routine and non-routine finance processes, ensuring proper documentation and effective training is sustained.
• Maintain the integrity and efficiency of OmniaBio’s general ledger and chart of accounts structure, ensuring it supports financial and management reporting requirements.
• Oversee treasury activities, including cash management and banking relationships.
• Ensure a timely and effective month-end close cycle is consistently achieved.

Financial planning and analysis

• Oversee budgeting, forecasting, and financial planning processes.
• Monitor financial performance and KPIs to identify trends, variances, and opportunities for improvement.
• Provide in-depth financial analysis to guide decision-making across various business units.
• Working with IT and operations, champion the implementation of tools, including AI and automation, to assist with data management, processing and analysis.

Risk management & compliance

• Ensure compliance with financial regulations and other relevant industry standards.
• Implement and maintain internal controls to safeguard company assets and ensure accurate financial reporting.
• Identify and manage financial risks, including market, operational, and regulatory risks, with mitigation strategies in place.
• Liaise with external auditors on the annual financial statement audits and other relevant engagements.
• Oversee the timely and accurate completion of routine and ad-hoc regulatory, government, granting agency, tax authority, or other stakeholder reporting, as required.
• Promote an environment of sound record-keeping, including proper digital and paper file management.
• Lead successful annual financial audit process with PWC or equivalent.

Capital Management

• Manage capital allocation, debt structuring, and financing to support ongoing operations and future expansion.
• Working with parent company finance and corporate development, lead fundraising efforts, including equity and debt financing, as necessary.
• Develop and maintain relationships with banks, investors, and other financial partners.

Financial reporting

• Oversee annual financial reporting in accordance with generally accepted accounting principles, including choice of accounting policies, where applicable.
• Complete periodic financial reporting to the Board of Directors.
• Review and enhance monthly financial reports (actual vs budget) for business units and enterprise-wide, with metrics and insightful analysis for management within defined reporting timelines.
• Review periodic cash flow and working capital forecasts/requirements.
• Ensure finance-related support services delivered to business units and cost centre departments in support of their business objectives.
• Define and develop additional reporting, as required by various stakeholders.

Team leadership & development

• Oversee the OmniaBio finance team, as well as liaise with the finance shared services roles at CCRM.
• Lead and mentor a high-performing finance team, fostering a culture of excellence and accountability.
• Implement a program for training, development, and performance feedback for the finance team.
• Ensure that the finance team operates in an agile and responsive manner to meet the needs of a dynamic industry.
• Support cross-functional teams in areas such as procurement, operations, and R&D by providing financial expertise.

12-18 MONTH DELIVERABLES

The Chief Financial Officer has achieved the following:

• Earned the credibility, respect, and trust of the organization with their forward-thinking, collaborative, and inspirational leadership style.
• Instilled a culture of financial ownership in all business units,
• Rolled out a strong annual budget planning process with all key stakeholders and business unit leads,
• Assessed the finance staffing needs of the company and hired team members that share the same values and work ethics of the broader organization, and
• Developed, enhanced, and documented finance processes and controls, in conjunction with implementation or enhancement of supporting applications, such as SAP.

Qualifications:

• Education - University degree specializing in finance, accounting, business or economics. 
• Designation – CPA, preferred.
• A minimum of 15 years of experience managing full-service finance and accounting teams in a CDMO, pharmaceutical, or high-tech manufacturing environment; prior experience in a professional accounting services firm, preferred; experience in Board-level reporting.
• Prior experience in leading financial aspects of M&A and IPO activities.
• Strong collaboration, communication, and relationship-building skills; ability to multitask in an innovative, ground-breaking, and highly regulated environment.
• A progressive and mature finance executive with a background of best practices in the life sciences industry, with an exceptional track record in the management of internal resources, and scaling finance operations.
• Strong understanding and working knowledge of SAP S/4 Hana, preferred.
• A strategic thinker with a well-developed business acumen who brings focus to the organization’s strategic imperatives.
• A passion for results, outcome-driven, focused, and flexible, and works with a sense of urgency, ensuring that projects are executed on time and within budget. A demonstrated ability to handle multiple competing priorities and projects in a fast-paced environment to deliver on complex initiatives.
• An agile leader with an unwavering focus to motivate, inspire and lead their team, fostering a collaborative and high-performance culture and dedicated to providing exceptional service. 
• Values-driven, inclusive, and self-aware; a high-integrity leader who makes decisions with OmniaBio’ s mission and values in mind.

Revision Number: OBECFO-20241016

OmniaBio is a developing organization and represents a fluid working environment. Flexibility and adaptability are essential, and duties will be influenced by the needs of the organization.

Applicants must be legally eligible to work in Canada.

An applicant’s compensation package is finalized once the interview process is concluded and accounts for the nature of the role as well as the experience, competencies (job knowledge, skills and abilities) of the applicant and internal equity.

OmniaBio is committed to accessibility, diversity, and equal opportunity. Requests for accommodation can be made at any stage of the recruitment process, providing the applicant has met the bona fide requirements for the open position. Applicants should make their requirements known once contacted to schedule an interview, or when the job offer has been made.