Opportunity Overview

The Chief Financial Officer (CFO) reports to the President & Chief Executive Officer (CEO) and serves as a true strategic partner in running the business. The CFO is responsible for managing all facets of the company’s financial functions and providing leadership to significantly strengthen the company’s financial growth, structure, and direction.

The right candidate will be attracted to AltimateMedical’s purpose, people, products, and potential for growth. This is an exceptional opportunity for a leader looking to work across a variety of communities that are united by a common purpose: to grow by improving the lives of others through design and innovation in the complex rehabilitative therapy and imaging market.

AltimateMedical is a Granite Company, sharing the Granite Partners objective of 100-year sustainability. The CFO will collaborate with other leaders in the Granite community, serving as a member of the Finance Affinity collaboration group.

The Position

As a business partner to AltimateMedical’s President & CEO, the AltimateMedical Board, and Granite Partners, the CFO is responsible for managing all facets of the company’s financial functions and providing leadership to significantly strengthen the company’s financial growth, structure, and direction. The CFO will be an active participant in, and a driver of, the organization’s overall strategy, with responsibility for managing the accounting, audit and tax, and finance functions. The CFO will lead all financial administration, business planning, and budgeting. As a key member of the executive management team, the CFO will report directly to the CEO and serve as a true strategic partner in running the business. The CFO will also collaborate with other leaders throughout Granite Partners and serve as a member of the Finance Affinity.

Major elements of the CFO’s responsibilities include:

Partnering closely with the CEO as a strategic business leader focused on long-term strategy and growth, including mergers and acquisitions; pricing, costs, and profitability; and capital structure.
Advising the executive team on long-term growth trends and profitable business opportunities based on research and analysis that lead to value creation.
Providing strategic oversight of the day-to-day management of the financial and risk management operations of the company.
Partnering with the leadership team on value creation efforts by using insights from third party valuations to increase shareholder value.

Strategic Business Partner

Partner with the CEO on all operational and strategic issues as they arise; provide strategic recommendations to the CEO based on business experience and acumen, financial analysis and projections, cost identification and allocation, and revenue/expense analysis.
Participate in the ongoing strategic planning process as an integral member of the executive management team and provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations.
Monitor and ensure investments are optimized and operational excellence initiatives are supported at all levels.
Lead the M&A process (including joint ventures) in partnership with the CEO by identifying, investigating, negotiating, financing, and integrating acquisitions that further increase shareholder value.
Oversee long-term budgetary planning, including capital expenditure and facilities management, ensuring alignment with the strategic plan.
Engage the Board of Directors around issues, trends, and changes in the operating model and operational delivery.
Research, develop, and implement an optimal, long-term debt strategy.

Financial and Operational Management

Develop a detailed financial plan and five-year forecast, including analyzing, identifying, promoting, and implementing plans, policies, and programs to increase pricing power, enhance the gross margin, expand operating leverage and the EBITDA margin, lean out and accelerate working capital, conserve on and maximize the impact of capital expenditures, manage cash flow, and find other opportunities to grow equity value.
Develop operational metrics to deepen the analysis of business performance, including product, service, and business unit-level profitability analyses.
Oversee the preparation and approval of all financial reporting materials and metrics for the Board of Directors; prepare and communicate monthly and annual financial and operational metrics statements and reports.
Partner with the CEO and Technology Leader to optimize the business system (NetSuite) to support anticipated business growth and mitigate cybersecurity risk.
Oversee audit activities to ensure accurate, timely financial and accounting information and ensure that audit reports are supplied to AltimateMedical management, the Board of Directors, financial institutions, and others, as appropriate.
Oversee budgeting and the implementation of budgets, to monitor progress and develop and present operational metrics both internally and against external benchmarks.
Ensure that the finance team maintains financial record systems and processes in accordance with Generally Accepted Accounting Principles, ensures adequate internal controls, and monitors the use of all funds.
Manage cash flow and forecasting; direct all financial, project-based, and departmental accounting.
Review, analyze, and negotiate contracts with a focus on identifying and mitigating potential risks to the business. Manage the review and approval of all customer and vendor contracts.
Ensure that accurate, timely tax returns are filed and payments are made in compliance with all tax laws and regulations.
Evaluate and oversee all benefits negotiations, thus providing competitive and cost-effective packages for AltimateMedical employees.
Establish best practices for financial and accounting areas of the company.

Team Management

Promote high levels of employee engagement, wellbeing, and personal integrity across the organization.
Develop and manage direct staff, providing for the continued growth and development of all team members to ensure career progression and the achievement of short- and long-range goals of the company.
Engage other members of the executive management team to facilitate cross-department collaboration that ensures that the financial systems positively support AltimateMedical’s evolving strategy and operational capabilities.
Promote belonging and inclusion to achieve innovative results through collaboration.
Provide guidance on attracting and developing key team members.

Candidate Profile

The CFO will have a proven track record of success serving as a proactive, strategic business partner as a member of an executive leadership team. The fully qualified candidate will possess an undergraduate degree in Accounting or Finance; CPA or MBA preferred. This individual should have a minimum of 10 years of hands-on experience in a financial management capacity. Experience in an industry that is related to, or has a relevant business model to, AltimateMedical is a definite advantage, including experience in a regulated, fabrication and assembly manufacturing environment. NetSuite (or broad ERP) experience is a significant plus, along with experience with business intelligence tools such as Tableau, Domo, etc.

Qualified candidates will have a demonstrated track record of success and accomplishment in positions of increasing managerial responsibility, including proven results in driving strategic decisions that create value and enhance the overall success of a business. The ideal candidate will have a broad-based business orientation and the ability to manage the financial responsibilities of the organization. In addition to having outstanding management and financial skills, the CFO must have significant experience partnering with business leaders to achieve objectives. Corporate development or M&A experience is desirable.

The successful candidate must have excellent business acumen and financial aptitude with strong communication skills and the ability to think strategically. She or he will be a financial executive with an outstanding track record and reputation for financial expertise, business judgment, leadership skills, and integrity. This individual must have the ability to establish immediate credibility at all levels, both inside and outside of the organization.

Additionally, this individual must have the capacity to collaborate with other executives in the Granite community, taking advantage of available resources and becoming an integral part of the overall leadership team.

Location

AltimateMedical is headquartered in Morton, MN, and has five sites: three facilities in Morton and Redwood Falls, MN; a site in Frankfort, IL; and another in Kansas City, KS. Having a presence in the community where the company’s headquarters and primary workforce is located is important. For the CFO role, we are open to a hybrid model with committed time at the Morton, MN home office. For example, the CFO could reside in the Twin Cities or Mankato region of Minnesota and schedule an average of two to three days per week at the home office in Morton, MN.

Compensation & Benefits

We offer a competitive base salary in the $220,000 to $250,000 range, based on experience and qualifications, along with an annual bonus and the opportunity to participate in long-term incentives, including a stock appreciation rights (SARs) program.

Beyond pay, our market-leading benefits are designed to support your wellbeing. These include medical, dental, vision, and life insurance, as well as short- and long-term disability coverage. We also provide a health savings account with company match, a retirement plan with employer contributions through Vanguard, and access to the Granite Assistance Fund for support when it’s needed most. We value time for rest and personal growth, offering generous paid time off, including volunteer time off and paid holidays.

AltimateMedical

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