Job Description

About: Well Labs +

Well Labs + is a network of med spa clinics designed with one vision: for our clients, clinics and crew “to be their better self.” We partner with individual med spa owners to help people look and feel their best. Because when you look and feel good, everything else follows.

At Well Labs, our plan is to transform the med spa industry through a networked approach. As the aesthetic services market continues to grow, competition for consumers, labor (trained injectors and aestheticians) and scaled consumables will increasingly strengthen. Many individual owners, who started their business with a passion for beauty and wellness, will be limited by capital and expertise to grow at scale and compete. Our approach allows an individual owner to join our network and secure funding for both their personal and professional gain. Once connected to our proprietary platform, they unlock operational expertise, scaled buying power, talent acquisition and training, access to new technology and services, and turbo charged marketing capabilities. Ultimately, through our platform - we grow together, and we win together.

Please visit our website for more information:

The Role: VP/Senior Director, Finance & Accounting

We are seeking a talented VP/Senior Director, Finance & Accounting to join our New York-based headquartered team. This vital role will function as the company’s hands-on leader on all controllership and accounting activities, FP&A analysis, and financial reporting. You will work closely with the Chief Financial Officer to ensure accurate compliance with accounting standards and effective financial controls. This role directs the establishment and implementation of Well Lab’s accounting policies and procedures and has overall responsibility for assigned accounting operations and systems, as well as associated analysis and report preparation. Over time, this role will build and manage a team of accountants and analysts.

Given the dynamic, growing nature of our platform, agility to quickly move between tasks is imperative. This role is a strategically critical role as we continue to grow, acquire, and integrate new businesses at a rapid pace.

Key responsibilities:

• Partner with the CFO to lead and, over time, scale all accounting processes for a multi-site, multi-state med-spa organization.
• Oversee multiple aspects of FP&A, operational finance, modeling, forecasting, planning, and reporting.
• Partner with CFO + PE Sponsor on fund and board level analysis and financial performance reporting.
• Partner on M&A due diligence as needed.
• Partner with CFO on management of Sr. Accounting Manager and continued building out of controllership function across the portfolio.
• Oversee the day-to-day accounting functions, including accounts payable, accounts receivable, general ledger, and payroll.
• Involvement in tax returns, payments, and payroll administration.
• Ensure compliance with internal controls and recommend improvements to the financial processes.
• Lead purchase accounting for multiple acquisitions per year.
• Lead the preparation of accurate and timely financial statements. Perform balance sheet, revenue, expense, and payroll account reconciliations.
• Coordinate and assist with the preparation of the budget and analyze monthly variances.
• Execute the accounts payable process including invoice submission, disbursements, and vendor resolution.
• Oversee integration of accounting systems from newly acquired businesses onto Well Lab’s ERP platform.
• Analyze financial statements for discrepancies and summarize financial results.
• Participate in leadership of implementation of new consolidated ERP system (NetSuite).
• Recommend ways to improve departmental efficiencies, systems, and procedures.
• Provide financial guidance and support to senior management.
• Stay updated on industry trends and best practices in the med spa finance sector.
• Other duties as assigned, consistent with this role and a rapidly growing company.

Qualifications:

• Bachelor's degree in accounting, finance, or a related field.
• Active Certified Public Accountant licensure strongly preferred, Inactive licensure considered.
• 8+ years of progressive accounting experience strongly preferred. 10+ years of professional experience preferred in a finance related function.
• Knowledge of internal controls and process documentation.
• Experience with general ledger functions, month-end closings, and accounts payable process.
• Proficiency in NetSuite or similar ERP systems.
• Strong knowledge of GAAP and financial reporting requirements.
• Excellent problem solving and analytical skills.
• Ability to work independently and as part of a team.
• Outstanding organizational, prioritization, and communication skills.
• Experience working in a leveraged environment, focused on strong balance sheet, EBITDA, cash flow, and covenant tracking.
• Roll up / direct M&A knowledge.
• Ability to communicate high-level business concepts and financial impact through robust written and oral communication skills, including a strong attention to detail.

Reports to: CFO

Location: New York Tri-State area

For more information, please contact: Florencia Luchini-Baxter | Head of Talent Acquisition | Encore Group/Well Labs+ | flolb@encoregroupinc.com

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