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Chief Financial Officer - CFO

Danforth Advisors
Boston, MA
  • Posted: May 19, 2021
  • Full-Time

Danforth CFOs play a critical role in driving the future of our clients, serving as a reliable and strategic business partner to client leadership teams and Boards while leading and building a high-performance finance team that can execute the company's vision for both organic and inorganic growth.

The CFO will possess:

  • A record of demonstrated success in building and managing a high-performance finance function, with proven experience meeting the demands of early-stage and publicly traded life science organizations
  • Experience as both a strategic thought leader to help drive corporate initiatives and a willingness and ability to switch to hands on leader as necessary
  • The ability to rapidly integrate into an organization, build relationships with key constituencies (CEO, management, board, investors and any existing finance team members), evaluate business processes / functions and make necessary changes
  • Independent and strategic leadership skills with strong focus on business growth

Key Responsibilities & Duties

Danforth CFOs are deployed on a part-time basis for early-stage life science companies, including venture backed, near public, and publicly traded entities. Typically, CFOs balance the demands of 2 to 3 clients at a time, depending on their desired workload. Responsibilities will vary depending on the client and may include:
  • Act as a business partner to the leadership team; assess organizational performance and financial performance against the annual budget, prior year results and the company's long-term strategy
  • Develop and implement tools and systems to provide critical financial and operational information and make actionable recommendations to leadership team and board on both strategy and operations
  • Board, Audit, Compensation, and Corporate Governance committee meeting preparation, support and attendance
  • Oversee long-term budgetary planning and cost management in alignment with the company's strategic plans
  • IPO readiness including leading preparation of public company filings, investor relations support and long-range planning
  • Stock option plan management and capitalization table management
  • Oversee the finance and accounting functions, information systems and administration; develop internal control policies, guidelines, and procedures for activities such as budget administration, cash and credit management, and accounting
  • Participate in supplier contract negotiation and cost reduction planning
  • Represent the company to business partners, analysts, investors, including financial institutions and auditors
  • Support or lead capital raising, M&A and/or corporate partnering activities to enable the company to meet growth objectives
  • Ensure maintenance of appropriate internal controls and financial procedures for the company

Skills & Specifications:
  • Public company CFO experience within the life sciences (biotech/pharma/med device)
  • Strong experience in all stages of growth with specific expertise in leading the preparation for and process of an IPO. Full knowledge/understanding of GAAP, SEC reporting and SOX compliance
  • Prominent voice in investor relations and communications with the strong ability to communicate the company's story to investors and the Board
  • Proven track record of capital fundraising, originating and closing equity deals, and established active potential financing sources
  • Experience with mergers, acquisitions and partnering activities
  • Strong leadership skills, focusing on both technical and strategic approaches throughout organization
  • Key player in culture development to support organizational expansion

Education & Qualifications:

  • Bachelor's degree in business, Accounting, Economics, Management or similar is required, MBA and CPA valued
  • 20 years experience in an operational/analytical or strategic/technical problem solving financial leadership position
  • Leadership skills are a must
  • Minimum 10 years experience in Life Sciences (Biotech, pharma, med device, Health IT) required


  • Competitive Pay
  • Flexible hours (Part-time and Full-time)
  • Ability to work remote
  • Health Care Plan (Medical, Dental & Vision)

About Danforth Advisors

Danforth Advisors is the financial backbone to hundreds of life science companies, providing integrated and scalable consulting teams ranging from staff accountant through CFO. The company's services span the full breadth of a finance organization's needs, whether short or long term, including accounting and operational finance support, capital raising, financial planning and analysis, IPO preparation, post-public SEC compliance and clinical business operations management. Founded in 2011, Danforth has been a strategic and trusted thought partner to private and public life science companies across all stages of corporate evolution. The company is headquartered in Waltham, Massachusetts with additional operations in the emerging life science clusters of metropolitan New York and the mid-Atlantic region. Additional information is available at

Danforth Advisors


Boston, MA
02108 USA


Finance and Insurance

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