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VP of Finance

Strategic Objective
The VP OF Finance (VPOF) is Responsible for managing the company's projections, pro-formas,
budgets, Key Performance Indicators (KPI’s), month end closing and payroll department. The VPOF is
also plays part in the Operations functions organizing/coordinating key initiatives across different
divisions. Finally, the VPOF will be involved in negotiations with vendors and partners which includes
working with our legal and accounting teams.


Key Result Areas:

  • Responsible for driving growth through KPI data
  • Create and maintain YOY pro-forma
  • Create and maintain fiscal budget by department
  • Responsible for Comp plan creation and execution
  • Responsible for partnership profit sharing negotiation
  • Play an active role in M&A opportunities including negotiating, due diligence, creating proforma’s, etc.
  • Execute month end close

 

Main Responsibilities:

  • Financial Planning and Analysis (FP&A)
  • Budget Ownership
  • Close Monthly P&L, Reconcile variances to budget / forecast
  • Prepare Monthly P&L variances with driver commentary
  • Monthly Executive Dashboard Ownership
  • Monthly Executive Operations Metrics Summary (KPI Ops)
  • Own Vendor and Contract relationships
  • Drive Partnership Revenue Share Documents
  • Create and monitor Various Ad Hoc Analysis:
    • LTV, CAC, Attrition by merchant, Attrition by revenue type
  • Weekly and Monthly payroll ownership for executive sales team, sales managers, and sales rep bonuses
  • Prepare and manage documentations / analysis for annual audit
  • Responsible for all things compensation related from sales rep to executive incentive plans
  • Margin Compensation Model ownership and analysis
  • Manage the execution of pro-forma’s and budgets
  • Creating proforma’s and budgets each year
  • Managing daily/weekly/monthly data as it relates to budget and proforma.
  • Managing weekly cash flow metrics
  • Payscape runs 10 offices nationwide, and each office has a separate budget and tracking component within the master budget
  • Work with teams as proforma and budget data relates to them
  • Cut costs and save the company money via tighter controls and budget management
  • Responsible for comp plan creation
  • Payscape consistently rolls out new products, which means figuring out how to pay their reps and partners on the new products as well
  • This takes constant margin auditing and tweaking, on multiple products
  • Work with multiple partners and division heads to create, maintain, and execute comp structures including ongoing tracking


Operations teams Co-ordination:

  • Payscape consistently rolls out new products, which means figuring out how to pay their reps and partners on the new products. And, working cross divisions to implement best practices
  • As KPI outputs change, the VPOF will work cross divisions to effect new change and outcome

 

Constant Accountability:

These are the leading questions with metrics that define success for the position. These are
envisioned to be asked on a consistent basis, creating the opportunity for self-alignment between the
employee and company goals.

 

  • Are we calculating the right financial KPI’s?
  • What are our projections for the month, quarter, year?
  • How are we performing against those projections?
  • How are our individual offices performing against their budget?
  • Are we operating within budget every month? Is there a variance? If so, why?
  • Was payroll processed accurately and timely?
  • Were all invoices posted?
  • Describe any occurrences of significantly expense or revenue occurrences.

 

Hiring Prerequisites – The skills, experience, and values to be assessed in the hiring process
for this position:


Skills (specific skills required to do the job):

  • Maintain a commitment to integrity
  • Ability to meet critical timeliness
  • Detail-oriented while maintaining an understanding of big-picture objectives
  • Technical ability to solve and understand accounting and financial issues
  • Strong communication skills to convey understanding of financial issues with teammates and management team
  • Ability to motivate and inspire coworkers
  • Mastery of Excel and analysis skillset

 

Experience:

  • 5+ years experience in transactional accounting duties (payments preferred)
  • Accounting and/or financial degree from 4 year institution
  • Preferable to have worked in public accounting firm or bank
  • Demonstrated ability to improve organizational cost structure
  • Experienced with complex accounting systems

 

Profile:

  • Very organized and structured
  • Likes to be thorough and accurate
  • Determined to reach goals and accomplish results
  • Works well with others
  • Straightforward, minimum abstraction
  • Seeks to improve current procedures

 

Report Relationships:

  • Directly report to: CEO, CFO
  • Positions that report to this position:
    • o Accounting Staff - AP
    • o Accounting Staff – AR
    • o Bookkeeping
    • o Payroll Administration

 

Compensation:

$125K- $150K pending experience and qualifications

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