Scope of Position

Reporting to the CEO, the CFO will be responsible for overseeing all financial matters of the company and reporting on such matters in a timely and accurate fashion to the executive management team and Board of Directors.

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Functional Tasks

• Act as a key business partner to the CEO and the operating team providing financial guidance and counsel on all matters relating to the finance function including strategic business planning, budgeting and forecasting, business analysis, and corporate growth strategies.
• Working with and supporting the CEO with all ongoing fundraising activities while managing the company’s cash effectively.
• Provide hands-on leadership, guidance, mentorship and performance management to team members.
• Ensure that the finance organization is structured and sized, so as to be optimally aligned to the needs of the business.
• Oversee and manage the accounting, tax, insurance, budget, credit and treasury and capital structure functions ensuring that the interests of all stakeholders are served.
• Manage relationship with audit firm for annual audit/income tax activities and all related matters.
• Leverage a detailed understanding of ‘what’s driving the numbers’ to act as a key strategic and operational contributor to the overall growth of the business.
• Ensure appropriate internal controls are developed and in place for the benefit of all stakeholders and the more efficient operation of the business.
• Serve as a champion for enterprise excellence and the maximizing of value creation.
• Lead all investor relations activities with a view to accurately and positively representing the company in all financial matters. Ensuring all stakeholders including lenders and financial institutions are kept up to date on all relevant financial matters in a timely manner.
• Remain informed about the business, put measurements and reporting dashboards into place enabling real time assessment of performance and ‘what’s over the horizon’.

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Key Performance Deliverables

In light of the identified responsibilities, the following are specific deliverables that the position is designed to achieve.

• Specific measures of performance will be discussed with and agreed upon with the successful candidate.

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Competency Profile 

The following competencies listed below define the role of the Chief Financial Officer:

Planning & Objective Setting
Systematic in approach to work. Produces action plans in which objectives are defined and steps for achieving them are clearly specified. Plans by breaking down large task into subtasks. Develops plans that anticipate obstacles. Is realistic about time-scales and builds in appropriate checkpoints, milestones and controls in order to ensure that desired results are realized.

Role Expertise
Demonstrates critical technical or professional knowledge/skills related to the role. Has thorough knowledge of relevant products, services and methods. Expands technical knowledge/skills and keeps up-to-date in own area of expertise

Strategic Approach
Develops a strategic plan to realize the vision. Revises strategy in light of changing circumstances. Takes a long-term view of organizational success. Works to clarify long term organizational goals. Able to stand back from immediate problems in order to focus on more far reaching ideas.

Customer/Client Orientation
Strives to provide customers/clients with personalized and efficient service. Anticipates customers’/clients’ needs. Quickly follows up on customer/client contacts and complaints. Monitors and acts on measures of customer/client satisfaction.

Results Orientation
Focuses strongly on achieving agreed upon outcomes and ensures that key objectives are met. Conveys a sense of urgency and drives issues to closure. Aims to improve upon past performance. Establishes aggressive personal targets and strives to achieve them.

Communication
Expresses ideas in a clear, fluent and concise manner. Written and oral arguments are compelling and responsive to the needs of the audience. Comprehends communications from others and responds appropriately.

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Preferred Experience / Education

The following indicates specific industry, academic and functional experience/qualifications that are important to the successful achievement of the identified responsibilities and performance deliverables.

• 8-15 years experience managing a finance department of an early-stage, growth oriented, VC backed company.
• Highly credible within the financial community with a track-record of fundraising through a variety of means, including, venture capital, private equity, debt, government grants/loans, public markets etc
• Preference will be given to individuals with a proven track record of scaling a B2B or SaaS company.
• A demonstrable ability to contribute and engage in a strategic and meaningful way at the C-suite and Board level.
• An ability or curiosity to understand a highly technical product and customer base in order to contribute insightfully to product positioning and pricing strategies.
• A hands-on, ‘roll up your sleeves’ orientation.
• A bias for action combined with a burning desire to succeed.
• A participative, inclusive team style.

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Remuneration & Benefits 

• Highly competitive base salary, variable and stock plan

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If interested, please contact:

Sal Rocco
StoneWood Group, Toronto
Bus: 416-365-9494 Ext. 233
[email protected]