VP of Finance, Prenuvo
More information about location
Whole body MRI scans
Open for applications
Whole body MRI scans
201-500 employees
Open for applications
More information about location
201-500 employees
Company mission
Prenuvo's mission is to transform the medical paradigm from reactive to proactive, ridding the world of advanced disease by detecting it early when treatment is easiest and most successful.
Role
Who you are
- 12+ years of finance experience, with a minimum of 4 years in a finance leadership role in a business with multi-site four-wall operations
- Proven track record overseeing strategic and day-to-day financial and accounting operations
- CPA and/or investment banking or corporate development experience preferred
- Knowledgeable of international trade, regulatory and compliance matters as it pertains to finance function and overall company operations
- Leadership and people-management experience, ability to lead a team in a fast paced environment
- Nice to have experience:
- Capital / equipment intensive businesses
- Health-tech / health system
- International expansion
- Familiarity with Netsuite ERP
What the job involves
- We are looking for a VP of Finance to lead our finance function for the company, spanning strategic finance, FP&A, and accounting
- The VP of Finance will primarily be responsible for strategic finance, managerial finance, and capital planning for our multi-site business, including running the full budgeting process while being a key thought partner for the CEO and broader executive leadership team on all financial matters
- This position will also oversee day-to-day financial and accounting operations including cash flow management, AR/AP, financial controls and compliance matters. They will work closely with leaders across the organization including revenue, operations, and technology departments
- Help reshape the world through proactive healthcare while working with cutting-edge technology and high performing teams with deep expertise - join us to make a difference in people’s lives!
- Develop and manage all aspects of the Company’s operational and strategic finance capabilities (70%) including:
- Ensure both capital and operational budgets and forecasts are completely accurate, timely and aligned with the needs of the business, including revenue forecasting (timing, amount and type); gross and net margin expense forecasting, and cash flow forecasting
- Work with department heads and regional operations leaders to deliver actionable financial insights and maintain and improve strong financial performance
- Analyze complex financial data and present findings to various stakeholders
- Play a key role in strategy and execution for any major acquisitions or partnerships
- Build, inspire, and lead a high performing finance organization that delivers against company goals: clearly defined KPIs and performance measurement, roles, career paths, and employee success strategies
- Oversee day-to-day financial and accounting operations (30%) including:
- Timely and accurate preparation and review of monthly, quarterly and annual financial statements in accordance with GAAP
- Cash flow management, AR, AP, financial controls and compliance matters
- Effective billing and receivables processes, ensuring billing timeliness and accuracy, effective revenue recognition, no revenue leakage, and effective debt handling
- Entire audit process, including managing relationships with outside auditors and generating audited financial statements
- Federal, state and local tax matters, ensuring compliance with tax laws and timely preparation of all related tax filings
- Relationships with outside lenders and investors, including compliance with and measurement of all bank reporting and covenant requirements
Application process
- As part of the hiring process, successful candidates will undergo a background check in compliance to applicable federal, provincial, and state rules
Our take
The quantified self movement is gaining momentum, especially in the health and fitness sector. Wearable health monitors, sleep trackers, and genetic testing have all firmly entered the mainstream, and body MRI scanning service Prenuvo is taking this concept to the next level. Prenuvo’s whole body diagnostic imaging offers customers a comprehensive picture of their body, whilst screening for 500+ major conditions and cancers.
The medical benefits of approaching these diseases proactively, as opposed to reactively, are substantial. Customers will be able to catch warning signs early, meaning treatment is likely to be less invasive, with a higher success rate. Unfortunately North America, like many regions, has yet to make substantial investments in preventative healthcare. This just makes companies like Prenuvo, and the VCs who fund them, increasingly necessary.
This funding, however has been substantial, and having closed a Series A funding round in 2022 Prenuvo has moved swiftly to open new clinics across the United States. Its next step is to improve the accessibility of its service - currently scans cost about $1000, but improvements in the technology and working processes will cut the cost by two thirds or more and greatly expand Prenuvo's addressable market.
Steph
Company Specialist at Welcome to the Jungle
Insights
Some candidates hear
back within 2 weeks
50% female employees
64% employee growth in 12 months
Company
Funding (1 round)
Oct 2022
$30.5m
SERIES A
Total funding: $30.5m
Company benefits
- Save Lives: Early detection is key to healthier lives. We do the incredibly rewarding work of giving people the information they need, as early as possible
- Social Events: Building strong relationships is at the core of everything we do. Our team gets together each week to connect, share, and socialize
- Full Body Scans: We believe in preventative healthcare for everyone, including our team. Prenuvo provides free, whole-body scans to each team member
- Coffee & Snacks: Daily health at Prenuvo means having space to take a break and refuel. We keep our break room stocked with coffee and healthy snacks
- We offer a comprehensive benefits package including health, dental, vision, including Mental Health coverage, and an Employee and Family Assistance Program to support you and your family
- Recognizing time away to restore is vital to our wellbeing - we have a flexible vacation policy and we will encourage you to use it
- Growth opportunities are at the heart of our people journey, we’re doing big things with bright minds - there is no single path to success, it can be shaped along the way
Company values
- We empower - We are all agents for change in transforming healthcare and in transforming our health
- We work together - We work together to support and deliver the best for our members and ourselves
- We bring transparency - Positive change comes from transparency in where we stand as a company, as colleagues and as Prenuvo members
Articles
Leadership
Andrew Lacy
(CEO)Previously founded semantic search company Zaptravel (now Lebara Travel) and iPhone app company Tapulous (subsequently sold to Disney). Later joined Disney as the SVP of Disney Mobile, and then Lebara as Chief Product Officer. Alongside work at Prenuvo they also co-founded Azarus.
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