Justin is the Vice President of Finance for Inorganic Ventures, an inorganic standards and reference material manufacturer in Virginia. Justin’s label may be “finance”, but he has a heavy hand in the strategic direction of the company. From quality control and information technology to financial reporting and all corporate-related affairs, Justin and his team are the financial and strategic backbone of an exciting company!
Transcript
My name is Justin Yalung, I'm the vice president of finance at Inorganic Ventures, and it's a company located here, in the New River Valley. Inorganic Ventures is a developer and manufacturer of certified reference materials for inorganic standards used in the analytical chemistry industry. So, it's solutions, for testing labs, basically in any industry that you can think of, whether it be pharmaceuticals, healthcare, mining, water, anything like that. My role, it's a little bit broader. The vice president of finance is just a piece of what I do. I'm really there in a strategic role, to help run the company with my other vice presidents, and for the president of the company, too. It just so happens that I also head up finance, but I also head up quality, IT, and basically all corporate-related affairs. But if you wanted to look down to the core specialty of what I do, my background is in finance, and so, I run a team that really watches over all financial reporting, not just from what happened, but also what's happening where we are, what's our financial health, and then also to strategize where we're going, what ways to deploy assets the right way, what things to invest in as a company, whether it be capital equipment, or also investing in people, too. In terms of salaries, and all types of things. Really, operational, end-to-end. We are expanding our facility. So we are working with a, I'm running the project for the selection of our contractor, and who we're using to design our new manufacturing and lab space expansion. And so I'm working with that to try to figure out also the financing options that we have with banks. And trying to figure out, navigate, really, what are the best rates, how much to spend on a project, ultimately. What can the company's cash flows manage and what parts do we have to borrow against, too. And how does that look and how does that impact the company's cash flow going forward?
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