MGC Diagnostics · 23 hours ago
VP of Finance & Accounting
St Paul, MN
Full-time
Hybrid
Director/Executive
10+ years expMGC Diagnostics is a company focused on financial health and stability, seeking a VP of Finance & Accounting to manage financial operations. This role involves overseeing financial planning, reporting, risk management, and ensuring compliance with regulations while supporting the company's growth and profitability.
Health CareHealth DiagnosticsMedicalMedical Device
Hiring Manager
Jordan Ochoa
Responsibilities
Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff
Review and ensure application of appropriate internal controls, JSOX compliance and financial procedures
Ensure timeliness and accuracy of financial and management reporting data for federal funders, foundations, investors and company’s board of directors
Oversee the preparation and communication of weekly, monthly and annual financial statements
Oversee the preparation and timely filing of all local, state and federal tax returns
Ensure JSOX compliance regarding all financial functions
Work with Human Resources to ensure appropriate legal compliance
Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies
Oversee preparation of monthly, quarterly and annual financial statements
Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation
Enhance and implement financial and accounting systems, processes, tools and control systems
Hire, develop and manage accounting directors, managers and staff
Serve as a key point of contact for external auditors; Manage preparation and support of all external audits
Coordinate and strategize methods used to attain team goals with Corporate and Regional Controllers
Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division
Review and analyze monthly financial results and provide recommendations
Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings
Develop and maintain monthly operating budget and annual company operating budget
Manage financial planning and analysis department. Supervise creation of reports, software implementation and tools for budgeting and forecasting
Participate in weekly conference calls with Executive Leadership Team
Act as Director, FP&A and strategic business partner to senior executive leadership team
Assess and evaluate financial performance of organization regarding long-term operational goals, budgets and forecasts
Provide insight and recommendations to both short-term and long-term growth plan of organization
Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency
Communicate, engage and interact with Board of Directors, CEO, President and Executive Leadership Team
Create and establish yearly financial objectives that align with the company’s plan for growth and expansion
Select and engage consultants, auditors and parent company
Recruit, interview and hire finance, accounting and payroll staff as required
Serve as a key member of executive leadership team and round table discussion panel
Participate in pivotal decisions as they relate to strategic initiatives and operational models
Interact with and bring department into line with Board of Directors’ plans, initiatives and recommendations
Implement policies, procedures and processes as deemed appropriate by senior leadership team
Manage cash flow planning process and ensure funds availability
Oversee cash, investments and asset management area
Explore new investment opportunities and provide recommendations on potential returns and risks
Maintain outstanding banking relationships and strategic alliances with vendors and business partners
Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets
Engage parent company and/or board of directors to develop short term and long term plans, projections and budgets
Represent company to banks, public / private auditors and officials
Remain current on audit best practices as well as state, federal and local laws regarding company operations
Mentor and develop a team of 6 managers and/or directors, managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic
Guide larger, cross-divisional teams outside of direct span of control within the three main company divisions
Oversee weekly cash management and AP Department, approve large payables, sign checks, authorize large wires and ACHs
Supervise Accounts Receivable management and provide guidance relating to the collection process
Qualification
Required
Bachelor's degree with a major in Accounting or Finance
Minimum of 10 years of related experience
Manufacturing environment experience
Candidate will have specific experience in general ledger and consolidation accounting
General knowledge of International Financial Reporting Standards (IFRS)
JSOX Compliance / Controls Design, Testing, and Audit
General knowledge of corporate taxation (federal and state)
Experience with corporate treasury and commercial banking
Ability to assess creditworthiness and manage trade credit with customers and at times vendors
General knowledge of international trade transactions
Strong communication skills; written and oral
Strong organization and time management skills
Microsoft 365 (at a minimum advanced knowledge of Outlook, Word, Excel, and PowerPoint)
Preferred
MBA in Corporate Finance
CPA or equivalent certifications (CFA)
JD Edwards, Max, and Great Plains ERP Systems
Financial modeling skills for project economics, business valuations, and impairment analysis
Company
MGC Diagnostics
MGC Diagnostics develops non-invasive diagnostic systems for detecting and managing cardiorespiratory disease.
201-500 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2022-11-29Acquired
2003-01-17IPO
Leadership Team
Lew Schildkraut
Chief Financial Officer
Recent News
Research and Markets
2025-04-08
Company data provided by crunchbase