Responsibilities:
Role general:
- act as a “business partner” to the CEO and other C-level parties, supporting the implementation of the strategy (including VCP plans). The CFO will have strategic acumen, where the focus is looking forward as well as reporting (recent) historic results,
- in close coordination with the CEO and other C-level parties, provide strategic and financial advice throughout the organization to functional heads and others,
- build productive relationships across the organization, at the C-level and across the business,
- lead the transformation of the finance function; build out the team, including modern reporting and the FP&A function. Act as a coach and mentor for the team, to develop the individuals as finance professionals,
- act as key liaison with investors, providing them with information on an ad hoc basis as well as through the monthly and periodic reporting processes,
- build relationships with finance providers, and maintain compliance with covenant and other reporting/information requirements. Understand thoroughly the obligations of the Group to its finance providers,
- lead relationships with professional services and other providers, including Auditors and tax advisors. Manage the annual audit process, including first time through work (such as Purchase Price Allocation),
- maintaining compliance with relevant laws and regulations, liaising with advisors as appropriate,
- ensure compliance with legal processes and Maintain the Group’s Risk Register,
- launch the exit readiness process when needed and maintain exit readiness,
- effective “horizon scanning”, assessing trends in the company and the wider business environment, to maximize the time available to address challenges (and opportunities).
FP&A:
- build out FP&A function (including appropriate recruitment),
- provide insightful analysis of each month's results, and longer-term trends, and understand what this means for the trajectory of the business,
- lead the annual budget cycle, rolling 18-month forecast and the 3-year plan and periodic forecasts,
- prepare, analyze and regularly update “snowball”/”Waterfall” type analysis, analyzing (in particular) Backlog and Pipeline conversion metrics,
- work closely with the FP&A team and wider business on Pipeline assessment and implications for forecasting,
- lead the project to convert monthly financial and operational data into Power BI outputs,
- providing, on an ad-hoc basis, information required for any capital-raising projects (above the normal level of fundraising),
- work with colleagues across the business to assess the Return on Investment for Projects and Initiatives, taking into account opportune costs and trade-offs, to make insightful recommendations,
- develop the analysis to assess the effectiveness of marketing (LTV/CAC as an example) and the effectiveness of Sales staff/Quota carriers,
- work closely with investors, colleagues and external advisors on any M&A transactions, including substantial contributions to Due diligence.
Treasury, cash flow and working capital:
- maintain a program of Cash/liquidity across the Group (Netherlands and Poland), including intergroup loans and interest,
- monitor liquidity/cash management, maintain cash forecasting view,
- manage working capital requirements. Understand the implications of the financing structure on cash/liquidity,
- monitoring of costs, operating and below EBITDA (including bank covenants VCP and exceptional, monitoring and finance related). Make recommendations for reducing spending and eliminating unnecessary expenditures,
- dynamic understanding of the revenue/cost relationship and how the cost base responds to different revenue scenarios.
Financial Reporting:
- lead financial reporting team, including recruitment and development,
- look at reporting efficiencies before the implementation of the ERP system (ideally Reporting Working Day 8 or sooner post month end),
- post ERP implementation. Achieve Full close by Day 5Devise a strategy and plan for ERP implementation across the Group, including timelines and capital requirements,
- design and implement Financial Reporting focused on Key SaaS metrics, in particular ARR and the development thereof, and a matrix approach based on cost categories (FTE and non-FTE based) and the functions of the organization,
- ensure accurate monthly Group consolidations and the accounting records for each group company (Netherlands and Poland),
- provide flash information on a timely basis,
- set up any new entities required.
Requirements:
- experience as CFO (preferred of a b2b Software business, with SaaS Revenue streams),
- experience in Private Equity business is important, as it is working in a levered structure (including bank/investor reporting),
- implementation of processes and ERP systems advantageous,
- recognized Accounting qualifications (e.g. ACCA, Biegły Rewident), and familiarity with Reporting under IFRS as well as multi-country consolidations,
- familiarity with SaaS metrics, including forecasting using waterfall/snowball metrics, is an asset,
- comfortable building, developing, motivating and leading a high-performance finance function,
- outstanding written and verbal communication skills, able to influence the stakeholder board and company level,
- familiarity with the M&A process, and business integration,
- business exit experience, in particular preparation and execution of an IPO,
- knowledge of the Polish tax regime including (but not limited to) WHT, VAT, CIT and MDR regulations,
- English fluency is essential, and Polish language skills are also desirable,
- location – Flexible for the right person, Kraków (or Poland) at least 4 days a week desirable. The CFO should be prepared to travel to Kraków regularly and spend a number of working days a month in Kraków,
- commercial and operational mindset - rapidly develop a “company-wide” understanding of how the company works, as well as how this impacts financial reporting and net cash flows. Draw on experience to achieve a deeper understanding of the businesses and systems, making recommendations for optimization, and being able to contextualize what the financial results and forecasts means for the wider business.
We offer:
- market salary with bonus,
- company car.