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Client |
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Our client is a joint venture between an NYSE listed company engaged in the provision
of adult stem cell (“ASC”) banking services in the United States together with
the pursuit of transnational research and development of ASC based therapies targeted
at a range of diseases that currently are not well addressed by traditional treatments,
and a private PRC company with extensive experience in the healthcare industry
together with established relationships in key government and regulatory bodies.
The venture has been established and fully funded with the clear intention of
rolling out stem cell based therapies through a rapidly-growing network of hospitals
in China. |
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Job Description |
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The client wishes to recruit a VP of Finance to play a critical role in assisting
the President of China in the execution of the growth strategy of the stem cell
business in China. This person will be asked to swiftly and effectively establish
the finance role in this rapidly growing business and will direct and oversee
all financial activities of the corporation including preparation of current financial
reports as well as summaries and forecasts for future business growth and general
economic outlook. |
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Summary of Responsibilities |
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The VP of Finance will report directly to the President and the board of the
China subsidiary based in Qingdao, China and will be responsible for:
- Establishing the finance function and building a robust platform for the post-merger
expansion strategy of the subsidiary in China.
- In respect of this expansion strategy, the Vice President of finance will have
day-to-day responsibility for the execution of transactions, including target
validation, negotiation, financial modeling and valuation, legal documentation
and subsequent operational integration.
- Implementing an ERP system along with establishing a high quality finance operation
and scalable internal control environment.
- Having accountability for all compliance and regulatory reporting requirements
for the business including US and PRC GAAP compliance and translation, as well
as coordination and communication with the Vice President of Finance located in
the US.
- Partnering closely with the President in strengthening the company's infrastructure
and providing useful financial and management information, influencing and guiding
business direction and decision-making.
- Being highly involved in budgeting, forecasting, evaluating business opportunities
and strategic planning.
- Building and developing a finance team.
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Work Experience and Abilities Required |
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- Qualified CPA, international education and experience with an MNC is preferred
- Working for a rapidly expanding or start-up company experience a must
- Ten to fifteen years post qualification experience with at least five years at
a senior management role
- Strong technical skills, including budgeting and forecasting, as well as exposure
to mergers & acquisitions including but not limited to evaluating, financial
modeling, negotiation and documentation
- Excellent business knowledge of the PRC market
- Knowledge of the pharmaceutical manufacturing business is preferable, though
not necessary
- Contacts within the PRC pharmaceutical and/or healthcare industry is preferable
though not necessary
- Solid knowledge of US reporting and disclosure requirements – US SEC, GAAP (and
Sarbanes Oxley)
- Practical China experience with good knowledge of PRC GAAP, rules and regulations.
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Personal Characteristics and Skills |
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- High integrity, credibility and confidence with international senior management.
- Initiative and achievement driven with abilities to manage multi-divisions.
- Excellent communication, interpersonal and presentation skills, dynamic and commercial.
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Education |
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International education with a medical background/qualification preferred. |
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Language Ability |
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Fluency in written and spoken English and Mandarin Chinese. |
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Compensation |
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The position compensation will be attractive and negotiable to the right candidate,
comprising of a very competitive base salary supplemented by a performance oriented
bonus opportunity, benefits and equity participation. |
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