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Chief Financial Officer

Luminate Medical

Luminate Medical

Accounting & Finance
Galway, Ireland
Posted on Thursday, March 21, 2024

Shape the Face of Cancer Treatment at Luminate Medical

Luminate is on a mission to change the way we experience cancer care. We design and build products that significantly reduce the side effects of cancer treatment. Currently, we’re building our flagship product, Lily, a wearable medical device to prevent the hair loss caused by chemotherapy, and Lilac, our next-in-portfolio product to prevent peripheral nerve damage in chemotherapy patients. Other opportunities for pipeline product development are under ongoing proactive evaluation.

We’re looking for a Chief Financial Officer to become the next key person in our leadership team. You will own and shape the Finance, Legal and Information functions at Luminate, having primary responsibility for the planning, implementation and ongoing management of all finance activities, including new project ROI evaluations, budgeting, forecasting, and contract negotiations. Alongside the CEO, you will oversee the capital structure and financing options for the Company, evaluation of significant investments, and assist with investor and key stakeholder relations, partnership compliance and legal contract management. Most importantly, you will be a part of the leadership team driving the creation of a suite of quality-of-life oriented medical devices to reduce the adverse impacts of chemotherapy for cancer patients.

This position requires an experienced leader who is driven by commercialising new products in a rapidly growing startup company. The ideal candidate will be comfortable with a fast-paced environment, a quick decision-maker, and eager to work alongside R&D, QA/RA, Operations, Marketing/Sales, and the CEO. Above all, you will need clear attention to detail, excellent cross functional working acumen, and thrive in taking responsibility for the financial management of a rapidly growing health technology business.

Our strategy is to launch all products into the US market first with significant investment in our US operations. The successful candidate will be comfortable travelling to the US (and later to other jurisdictions) on a reasonably frequent basis to assist with developing infrastructure, ownership and accountability in Luminate’s subsidiaries.

Working at Luminate Medical

  • This is a leadership role at a rapidly growing and award-winning healthcare company. You will have an opportunity to own, build and develop the Finance, Legal and Information functions of a company with a high-impact, patient-facing product portfolio. As a member of the senior leadership team, you will provide valued input into overall company strategy.
  • We offer a highly competitive salary (available on application), stock ownership, and a flexible benefits package (including health insurance for partner and dependents) alongside a company laptop, headphones and camera.
  • We believe in quality of life in our products and for our people, offering flexible working hours and a generous vacation policy.

What You Will Do:

  • Make Decisions: Work side-by-side with the CEO to make key strategy decisions for the business through an in-depth understanding of financial data, return on investment evaluations and modelling the company’s financial position. Generate financial reports for Board review to support key business decisions.
  • Manage Stakeholders: Own the preparation of recurring financial and KPI reports for presentation to management, Board and VC investors. Oversee the company’s M&A strategy.
  • Financial Strategy and Reporting: Manage the company’s financial strategy, reporting and compliance requirements for all international entities, including:
  • Preparing annual budgets with function managers and ensuring alignment between budgets and KPIs.
  • Management of tax and IP strategy.
  • Work with all functions to lead the evaluation of ROI for new product introductions and other significant business investments.
  • Oversee payroll, creation of salary levels and expense management alongside budgets.
  • Manage cashflow, income and audit requirements from several R&D grant funding sources.
  • Build, develop and manage a financial team as the Company grows.
  • Legal: Be the key point of contact for the company’s legal and compliance activities.
  • Scaling & Systems: Review and optimise current operating and reporting methods and implement new business systems as required to support the company’s growth.

Personal Attributes – The Ideal Candidate Is:

  • Creative: A creative problem solver who is enthusiastic about new ideas and bringing new products to market.
  • Open: A proactive team player who is willing to adopt, engage with and shape company culture.
  • Communicative: Outstanding in written/verbal communication and collaboration skills. You can confidently represent the company in external communications.
  • Self-Driven: You have a sense of urgency in your work, are resourceful and independent, and thrive when taking responsibility for tasks.
  • Accountable: You can prioritise your list of tasks independently and ensure actions are completed on time.

Experience Requirements – The Ideal Candidate Must Have:

  • Qualified Accountant with a minimum of 10 years’ post qualification experience, including at least 5 years’ experience in a Finance Director/Senior Finance Manager or equivalent role.
  • Experience working in the healthcare/medical device industries, particularly experience with managing payment relationships with healthcare customers, and experience managing cashflow for an internal manufacturing environment.
  • Must have experience in financial management, forecasting, planning, taxation planning and reporting, and business modelling for future development.
  • Demonstrated people management skills, preferably within a MedTech environment. You are able to show examples of interfacing with R&D, QA/RA, Commercial, Operations and Clinical teams to ensure KPIs are met.

Experience Advantages – It Would be Advantageous to Have:

  • Experience working with private investment including Venture Capital and Private Equity funding.
  • Experience with share ownership schemes and incentive initiatives.
  • Experience managing or taken a leading role in M&A.
  • Previous experience in managing significant R&D grant claims and audits.
  • Previous experience of interacting with board of directors, pitching to investment bankers, financiers, potential acquirers, and strategic partners.
  • Experience managing payment relationships to support clinical trials (e.g. with CRO, logistics partners, healthcare partners, patients, agencies etc.).
  • Experience managing finances in relation to customs and excise, import/export activities.