Position Title:              Chief Financial Officer
Reports To:                  President & CEO
Department:                 Administration
Original Issue Date:      6/27/08
Revision Date:             
FLSA Status:                Exempt

ORGANIZATIONAL STRUCTURE:
Supervisory Responsibility:  Finance, Accounting, Information Systems

PURPOSE OF POSITION:
Plan, develop, and implement policies, procedures, practices, and strategy for the Finance, Accounting, Information Systems, Administration, and Investor Relations functions.

ESSENTIAL DUTIES AND RESPONSIBILITIES may include but are not limited to:

• Represent the company on all financial matters relating to the negotiation of contracts and deals as well as interface with the financial community including potential investors, underwriters, and industry analysts.
• Coordinate and establish various financial/administrative control and planning systems including: operating plan, budgeting, and reporting, long range financial planning, and integrated manufacturing/accounting.
• Plan, develop, and manage implementation of strategies for generating resources and/or revenues for the company (both short and long range)
• Proactively work with M2 management team to optimize business process and profitability consistent with company’s long term growth and quality objectives.
• Represents the organization to the financial community, major customers, government agencies, shareholders, and the public.
• Manage relationships with investors and Board of Directors.
• Maintain a professional and credible image with key physicians, investors, consultants, suppliers, and co-workers.
• Make presentations to Board of Directors and Senior Staff.
• Analyzes company operations to pinpoint opportunities and areas that can be improved relative to benchmark standards of achievement.
• Develop and direct the implementation of strategic business and/or operational plans, projects, programs, and systems
• Identify acquisition and merger opportunities and direct implementation activities.
• Manage the functional areas of information systems, general accounting, payroll, fixed assets, financial analysis, long-range financial planning, and accounts payable and receivables.
• Assist in obtaining the necessary licenses and insurance required to start and maintain a business.
• Responsible for treasury function for M2 and its affiliates.
• Oversee financial management of foreign and domestic operations to include developing financial budget policies and procedures.
• Supervises development and management of departmental budgets.
• Directs the preparation of all financial reports, including income statements, balance sheets, reports to shareholders, tax returns, and reports for government regulatory agencies.
• Develop and maintain financial reporting and records systems with generally accepted auditing standards and in compliance with local, state, and federal budgetary reporting requirements.
• Responsible for compliance in accurate and timely meeting all tax deadlines and other reporting and payment deadlines for M2 and its affiliates.
• Develop and implement finance, accounting, billing and auditing procedures.
• Establish and maintain appropriate internal control safeguards.
• Maintain and understand CAP tables.
• Proactively support company goals and objectives, policies and procedures, the Quality System Regulation, ISO/MDD requirements, and other regulatory requirements.
• Maintain superior knowledge of competitive technologies in addition to medical, technical, and biomedical developments related to the Company’s products. 
• Plan, schedule, and complete projects in an aggressive manner consistent with corporate objectives.
• Manage and review all corporate contracts.
• Procure and oversee external suppliers and consultants as required.
• Participate in Senior Staff meetings and planning sessions.
• Serve on planning and policy-making committees.
• Recruit, hire, train, manage, and develop Information Systems, Finance, and Accounting staff members.
• Actively work to promote team building and morale within the department.
• Travel required.
  

EDUCATION REQUIREMENTS:

1. Bachelors Degree in Business or related discipline.
2. Masters Degree in Business Administration, Finance or Accounting (preferred)
3. CPA (preferred)

EXPERIENCE REQUIREMENTS:

1. Minimum 10-15 years experience as a CFO required
2. Start up company experience preferred
3. Medical device industry experience preferred.
4. Proven ability to identify and secure funding/revenue sources.
5. Proven experience in M+A, new business strategic alliance development required.
6. Proven ability to analyze financial data and develop financial plans and manage resources.
7. Develop and maintain financial reporting systems.
8. Knowledge of database and accounting computer application systems to supply the most accurate financial information.
9. Proven experience in contracting and negotiation.
10. Proven level of technical and business knowledge to assist in strategic planning.
11. Ability to communicate at all levels of the company as well as officials, and external partners.
12. Outstanding written and verbal skills.
13. Proven track record of personnel recruitment, mentoring and development.
14. Proven history of championing change management.
15. Strong team building and interpersonal skills.

PHYSICAL DEMANDS:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The employee may occasionally lift and/or move up to 25 pounds.  Specific vision abilities required by this job include close vision, distance vision, and ability to adjust focus. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.