Fractional Chief Financial Officer

Reports To Title: CEO
 

Travel: Depending on client needs
 

Duration: 1-2 days a week, approximately 6 months
 

Compensation: Competitive, commensurate with experience 

Buffered by a leadership team with entrepreneurial success DNA, we invite you to join an early-stage digital health platform startup that is revolutionizing healthcare through the power of AI and holistic health signals. As we close our Series A round, we're poised to disrupt the industry by providing scalable solutions for payers and providers embracing value-based care. Our platform illuminates the interdependent nature of health signals, enabling proactive, personalized healthcare while addressing the needs of populations with undiagnosed chronic conditions. With a focus on health equity and a culture of trust, collaboration, and impact, we're on a mission to leave no patient behind. 

Product:
 

We elevate patient care by elevating those who deliver it. We curate best-of-breed evidence-based AI and create a single engaging consumer experience to continually measure a holistic view of a patient's health. We amplify clinicians and caregivers with AI-guided insights, backed by trusted physician oversight - increasing access to care without increasing clinician burden. 

About the role:
 

Stealth Health is seeking a dynamic, results-driven, and experienced professional for a fractional CFO role. As a fractional CFO, you will play a crucial role in overseeing financial operations, providing strategic guidance, and driving financial performance to support the company's growth and success. 

Cultural fit is vital for this role. Stealth Health values innovation and patient-centricity, and your alignment with these principles will be key. 

Key Responsibilities: 

• Collaboration: 

• Work closely with the Stealth Health team to align business development strategies with organizational goals. 

• Provide leadership and collaborative guidance to the Stealth Health team, leveraging insights and experiences. 

• Executive Responsibilities Fractional CFO Needs: 

• Monthly Financial Reviews: Conduct reviews to evaluate financial performance, analyze metrics, and identify trends. Provide insightful analysis and recommendations to improve financial health and achieve strategic objectives.  

• Annual Corporate/Departmental Budget (Board Approval): Lead the development of annual corporate and departmental budgets in alignment with company goals and objectives. Work closely with department heads to gather input, forecast expenses, and allocate resources effectively.  

• Sales Comp Plan (Board Approval): Design and implement sales compensation plans that incentivize performance, drive revenue growth, and align with company objectives. Collaborate with sales leadership to set clear metrics, targets, and payout structures.  

• Deep Dive on Each Customer Contract: Conduct a detailed analysis of each customer contract to assess profitability, risks, and opportunities. Review contract terms, pricing structures, and revenue recognition policies to ensure compliance.  

• Annual Corporate Tax Prep: Oversee annual corporate tax return preparation and filing, ensuring compliance with all applicable tax laws and regulations. Work with external tax advisors to optimize tax strategies, minimize liabilities, and maximize tax benefits. 

• Audit Prep (Estimated Late '24): Organize financial records, reconciling accounts, and documenting accounting procedures for annual audits. Coordinate with external auditors to facilitate the process, address inquiries, and provide documentation.  

• QSBS Qualification Alignment: Strategically plan operations to qualify for Qualified Small Business Stock (QSBS) designation. Coordinate with legal and tax advisors to ensure compliance with QSBS eligibility criteria and optimize shareholder tax benefits. 

• M&A Experience: Bring expertise in mergers and acquisitions to drive strategic growth. Lead due diligence efforts to evaluate acquisition targets, assess risks and synergies, and negotiate deal terms. Develop integration plans to maximize post-acquisition value. 

• Foreign Qualification: Review and coordination of required registrations, when necessary for employees or customers in various states.  

Requirements

• Bachelor's degree in finance, accounting, or related field; MBA or CPA preferred. 

• Ideally include a solid foundation in healthcare, showcasing practical experience with Software as a Service (SaaS) solutions customized for the healthcare sector. 

• Proven experience (12+ years) in financial management roles, preferably in the healthcare industry. 

• Strong understanding of accounting principles, financial analysis, and reporting. 

• Excellent communication and interpersonal skills, with the ability to effectively interact with stakeholders at all levels. 

• Demonstrated ability to think strategically and provide sound financial guidance to support business objectives. 

• Detail-oriented with a focus on accuracy and integrity in financial reporting.