JRG Partners is proud to announce an exclusive executive search for a transformative Chief Financial Officer (CFO) on behalf of our client, a pioneering and rapidly expanding medical device company headquartered in the vibrant med-tech hub of Minneapolis, MN. This is a rare opportunity for a seasoned financial executive to join a mission-driven organization at a pivotal moment of growth.
The successful candidate will not only lead the company’s financial operations but will also serve as a key strategic partner to the Chief Executive Officer and the board of directors, shaping the future trajectory of a company dedicated to improving patient outcomes through groundbreaking technology.
Our client is at the forefront of innovation within the medical technology sector, with a portfolio of products that are changing the standard of care. They have cultivated a culture of excellence, collaboration, and urgency, driven by the knowledge that their work has a direct and profound impact on people’s lives. As they scale operations, expand into new markets, and explore strategic growth opportunities, they require a world-class financial leader to provide the expertise, vision, and stewardship necessary to navigate the complexities of this dynamic industry. This role is more than a job; it is a chance to build a lasting legacy and contribute to a healthier world.
Role Overview for Chief Financial Officer – Minneapolis, MN
The Chief Financial Officer will be a cornerstone of the executive leadership team, reporting directly to the CEO. This individual will be responsible for the entire spectrum of financial management, from strategic financial planning and capital allocation to hands-on operational accounting and control. As a strategic business partner, the CFO will provide critical financial insights, analysis, and guidance to support high-stakes decision-making across the organization.
You will be instrumental in developing and executing the company’s long-term financial strategy, ensuring the company is well-capitalized to achieve its ambitious growth objectives, including potential M&A activities and future capital market events. The ideal candidate is a leader who can balance strategic vision with meticulous execution, fostering a culture of financial discipline, accountability, and continuous improvement. You will be the financial voice of the company, communicating its performance and potential to investors, board members, and other key stakeholders with confidence and clarity.
Key Responsibilities of Chief Financial Officer – Minneapolis, MN
Strategic Financial Leadership & Planning
Act as a strategic partner to the CEO and executive team, providing financial leadership, counsel, and analysis on all strategic issues. Lead the development of the company’s long-range financial plans, annual budgets, and rolling forecasts to support strategic goals.
Capital Strategy & Investor Relations
Develop and execute a sophisticated capital allocation strategy. Lead all capital-raising efforts, including equity and debt financing, to support the company’s growth. Cultivate and manage relationships with investors, lenders, and the broader financial community. Prepare board and investor presentations, articulating the company’s financial narrative and performance.
Financial Operations & Control
Oversee all accounting functions, including general ledger, A/P, A/R, payroll, and financial reporting. Ensure the timely and accurate closing of financial periods and the preparation of internal and external financial statements in accordance with US GAAP. Implement and maintain a robust system of internal controls to safeguard company assets and ensure financial integrity.
FP&A and Business Intelligence
Lead the Financial Planning & Analysis (FP&A) function to provide insightful analysis of business performance, including variance analysis, KPI tracking, and profitability analysis by product and market. Develop sophisticated financial models to support strategic initiatives, new product launches, and other investment decisions.
SEC Reporting & Compliance
For a company on a public-track, establish and manage all public company reporting requirements. This includes having a deep understanding of SEC reporting and compliance standards, managing the preparation of 10-Ks, 10-Qs, and other filings, and ensuring adherence to Sarbanes-Oxley (SOX) controls.
Mergers & Acquisitions (M&A)
Play a leading role in identifying, evaluating, and executing potential M&A opportunities. Lead the financial due diligence process, develop valuation models, and oversee the financial integration of acquired businesses to ensure strategic and financial objectives are met.
Treasury and Cash Management
Direct treasury functions, including cash flow forecasting, working capital management, and investment of corporate funds. Optimize the company’s capital structure and manage banking relationships effectively.
Team Leadership & Development
Recruit, mentor, and lead a high-performance finance and accounting organization. Foster a collaborative and results-oriented culture that empowers team members and supports professional growth.
Systems & Process Improvement
Evaluate and scale the company’s financial systems, infrastructure, and processes to support significant growth. Drive initiatives to leverage technology for increased efficiency, improved data analytics, and enhanced financial controls.
Requirements for the Chief Financial Officer – Minneapolis, MN
Educational Background
Bachelor’s degree in Accounting, Finance, or Economics is required. An MBA from a top-tier institution and/or a CPA designation is strongly preferred.
Executive Experience
A minimum of 15 years of progressive financial experience, with at least 7 years in a senior leadership role (CFO, VP of Finance, or equivalent) within a complex, high-growth organization.
Industry Expertise
Significant and demonstrable experience within the medical device, biotechnology, or a related healthcare/life sciences industry is mandatory. A deep understanding of the unique financial, operational, and regulatory challenges of this sector is critical.
Capital Markets & M&A
A proven track record of success in raising capital (both private and public) and leading M&A transactions from diligence to integration. Must possess strong relationships within the investment banking and private equity communities.
Public Company Acumen
Substantial experience operating in a public company environment or leading a company through an IPO process is highly desirable. Expertise in SEC regulations, SOX compliance, and investor relations is essential.
Technical Proficiency
Expert-level knowledge of US GAAP, financial modeling, and data analysis. Hands-on experience with modern ERP systems and business intelligence tools.
Leadership Qualities
Exceptional strategic thinking and problem-solving skills. A hands-on leader with a high level of integrity, intellectual curiosity, and a strong executive presence. Must possess outstanding communication and interpersonal skills, capable of effectively presenting complex financial information to a variety of audiences.
Location
Candidates must be located in or willing to relocate to the Minneapolis-St. Paul, MN metropolitan area.
Benefits & Perks Offered
Our client is committed to attracting and retaining top-tier talent and offers a highly competitive and comprehensive executive compensation and benefits package, including:
- A competitive base salary commensurate with experience.
- A significant annual performance-based bonus.
- A substantial long-term incentive plan with meaningful equity participation.
- Comprehensive health, dental, vision, and life insurance plans for you and your dependents.
- A robust 401(k) retirement plan with a generous company match.
- Generous paid time off (PTO), paid holidays, and flexible scheduling policies.
- Full relocation assistance package for qualified candidates.
- Opportunities for continued executive education and professional development.
- The invaluable opportunity to join a leadership team that is making a tangible difference in the healthcare landscape.
How to Apply
JRG Partners has been exclusively retained for this critical search. To be considered for this exceptional opportunity, please submit your resume and a cover letter detailing your qualifications and interest in the role. We are committed to a confidential and thorough review of all applicants. Qualified candidates will be contacted directly by a JRG Partners executive recruiter to discuss the position in greater detail.
We invite you to learn more about our dedicated recruitment expertise by visiting our Finance & Accounting Executive Search practice page. We look forward to connecting with the next financial leader for this industry-defining company.
