Job Description
CFO
PE backed Tech/SAAS Business
London
Ready to apply Before you do, make sure to read all the details pertaining to this job in the description below.
Acuity Associates are working in conjunction with an innovative Tech business that has been recently acquired by Private Equity. A Unique business that has really captured the market in their specialist field - They are now looking to take the business on a journey to exit in the next 4 to 5 years. The business is achieving circa 40% Ebitda margins and is doing 70% YOY growth over the last 3 years. They are now at a stage where they require their first CFO under PE conditions to help them professionalise their finance function and help them grow organically making sure they are in a good position to exit the business.
The CFO will be expected to professionalise the Finance function from scratch making operational changes and strengthen the recurring revenue model.
- Financial forecasts: Annual Budget & 3-year forecast P&L. KPIs & cash
- Management Reporting (& control): Financial and Non-Financial (KPIs), sign-off on CAPEX, entering major contracts.
- Balance Sheet & Cash: Rolling 12-week cash forecast, rolling 12-month cash forecast, CAPEX, net debt, covenants, treasury management and currency hedging, optimising balance sheet / dealing with debt providers.
- Commercial insight: Understanding changes / variances in sales / margin / overhead / cash and challenging the business where appropriate.
- Strategic Projects: Commercial oversight of investments vs. forecast & returns
The CFO will take charge of :-
- Professionalising the business
- Driving organic and acquisitive growth
- Commercial contract negotiation
- Liaising with banks and investors
- Building the finance function
It is essential you have :-
Worked for a SAAS / Tech business as the no.1 in Finance.
Made operational improvements as well as Finance upgrades.
You will be either ACA/ACCA/CIMA qualified.