Fractional Finance Director

Role:

The key role of the Fractional Finance Director is to provide full taxation, company secretarial, accountancy and strategic support to the Board, managing the internal finance team, internal and external stakeholder relations and supporting the Board in the delivery of its Growth & Exit Plan. A core focus of the role is to digitise and automate the finance function, ensuring systems, processes and reporting are robust, ‘software first’ and investor-grade, while remaining lean and practical with a key focus on departing from the use of Excel for cashflow forecasting and wider finance reporting.

An exciting opportunity to take on a fast paced, fractional role in which the successful candidate will join the co-founding directors to support the next phase of growth in this mature, growth stage, venture backed business. The business currently has a substantive FD in place, the Fractional FD will take a handover from and replace this substantive role. The role explicitly does not own operations, but requires strong operational understanding and credibility in a manufacturing environment.

Key Duties and Responsibilities:

1. Support the CEO and the Board in delivering real value for all shareholders to be achieved through the mechanism of an Exit within the timescale as defined in the 2025 Investment Agreement.
2. To act as the Finance Director of the Company working as part of the Executive Management Team under the day to day management of the CEO.
3. To report to the Board on all significant financial matters and provide advice and opinion designed to improve the financial position of the business.
4. Take control of the Finance & Accounting function, including staffing, developing the financial reporting systems and people designed to meet the growing needs of the business.
5. To manage cash and ensure the Company has sufficient resources to fund the business activities and planned growth. Ensuring a weekly short term cash flow forecast is submitted to the CEO.
6. Work with the CEO and Executive Team in the optimisation of working capital sufficient for the scale of business.
7. Take responsibility for ensuring financial controls are functioning effectively and ensure compliance with statutes and regulations including taxation, finance, accounting, corporate law and related matters.
8. Oversee the preparation of all financial reporting to the CEO and Board including, but not limited to, management accounts, budgets, forecasts, etc.
9. Working with external advisors, keep abreast of accounting issues and developments faced by UK and USA companies and apprise the Board as required.
10. Assist the founders in the management of the relationship with the Principal Investors, the bank and other funders.
11. Work alongside the CEO on any capital raising activities deemed necessary by the Board of Directors.
12. Assist the CEO and Executive Team in analysing and taking advantage of new commercial opportunities.
13. Work closely with the CEO and Board in shaping corporate strategy and the development and implementation of plans designed to achieve the corporate goals.
14. Ensure custody of assets and control of liabilities.
15. Management and coordination of stock checks and stock audits.
16. Monitor cost performance and advise on cost saving/efficiency measures where appropriate, working closely with the appropriate Executive team members on this.
17. Implement risk management strategies designed to mitigate/manage impacts of adverse trading/other factors which could materially affect the Company’s future prospects.
18. Take ownership of the insurance broker relationship and ensure adequate covers are in place at all times as the business scales up.
19. Ensure the Corporate Governance obligations, including seeking Investor Consent where needed, as set out in the November 2025 Investment Agreement are adhered to and compliance reported up to the Board as required.
20. Work with external advisors and manage the annual audit and corporation tax processes.
21. To work with the Executive team and manage the Board Reporting process.
22. Undertake Company Secretarial duties as required.

Other Duties:

1. Prepare the business financially for exit
2. Ensure investor-grade financial reporting and controls are in place
3. Support data room, models and exit narrative as required
4. Positively contribute to the successful building and development of the Inovus team.
5. Provide regular feedback to the CEO & Board as required.
6. Adhere to the Company’s policies.
7. Undertake such other duties as are commensurate with the requirements of the post.

Minimum Education/ Experience Requirements:

• Qualified accountant with a recognised professional accountancy qualification and having at least 10 year’s PQE.
• Minimum of 5 years’ experience at Board level in a fast-growing Private Equity/Venture Capital backed business.
• Must have experience implementing and managing MRP systems.
• Must have experience of US corporate tax filings and dealings.
• Must show an aptitude and preference for leveraging modern accounting tools for cash flow management, balance sheet management, P&L reporting and board reporting and must have experience with Xero, MS 365, Teams and software for automating cashflow forecasting and financial dashboarding.
• Proven track record of raising VC/PE investments, preferably within the technology or healthcare sector.
• Be able to demonstrate your influence and input in taking a business through its growth journey and subsequent successful exit at least once.
• Demonstrate your experience of successfully operating within a Private Equity environment through to successful exit.
• Proven ability of effective written and verbal communication and listening skills.
• Strong interpersonal skills with an ability to effectively communicate and project themselves and with sufficient gravitas to promote the finance discussions at Board level.
• Ability to effectively work on and manage many priorities at one time.
• Has an approachable manner that encourages interaction with others.
• Fluency and clarity in written & spoken English.

 Required Training:

• An overview of Company products & services will be provided.
• An overview of company processes and systems will be provided.
• A full on-boarding pack is provided for self directed learning.
• Full handover from the existing FD will be delivered.
• Health & Safety Training, as required.

How Performance Will Be Measured

At Inovus we use Job Scorecards to define outcomes and what success looks like for these outcomes. Performance will be measured in accordance with the Job Scorecard for this role (see separate).

Additional Information:

Inovus Medical is a dynamic Company with a global reach run by two young and energetic co-founders. The Company is constantly developing and launching new products that help improve access to high quality medical simulation and training at affordable prices. 

Apply for this post 

If you think you would be a great fit for Inovus Medical and our opportunity aligns with your career aspirations then we would love to hear from you. In order to apply for this role please complete the application form, ensuring to upload your resume when prompted. Please give us a day or so to review your documents, following which we will be in touch.