FP&A Director

Position Summary:

The Director of Financial Planning & Analysis will report directly to the Chief Financial Officer and will be responsible for building and leading the financial planning and analysis function including responsibility for long-term strategic planning model, annual budgets, quarterly forecast, and operating results analysis.

Supervisory Responsibilities:

• Supervise members of the Financial Analysis team.
• Recruits, interviews, hires, and trains new staff.
• Oversees the daily workflow of the department.
• Provides constructive and timely performance evaluations. 
• Handles discipline and termination of employees in accordance with company policy.

Essential Duties and Responsibilities:

Planning & Forecasting:

• Owner of the Planning and Forecasting process providing clear communication of financial projections to the CFO and ELT (Executive Leadership team).
• Leadership role in developing the financial model & plan to execute the financial strategy outlined by the CFO, CEO, and Board.
• Liaise and agree with ELT on resources ($ & people) and returns at a departmental level necessary to execute the financial strategy.
• Planning is to be conducted to a sufficient depth to allow budget holders to have a clear knowledge of the resources available to conduct their operational responsibilities.
• Develop and maintain a scalable financial model to provide monthly updates to budget holders at various levels in the organization of actual performance vs plan, last year, and revised forecasts.
• Conduct forecast updates reflecting the latest results, plans, strategies, business cases, and performance projections.
• Conduct scenario analysis based on key levers and ad hoc changes identified with the CFO and leadership team.

Analysis:

• Actively monitor business performance to highlight and communicate results delivered by the business.
• Work with the ELT to identify corrective action where necessary.
• Identify key trends with external benchmarks that have a meaningful impact on the performance of the financial strategy.
• Generate and report on financial results & KPIs of the business.
• To research and apply applicable KPIs from the SaaS business world.
• Work with the ELT to maintain a cohesive financial and strategic view of priorities and focus for all product lines.
• Lead ad-hoc analysis as requested by the CFO & ELT members e.g., Territory expansion, quota analysis, utilization levels, bookings analysis, SaaS metrics, churn & retention.
• Build the monthly and quarterly financial update presentations to the board under guidance from CFO.
• Develop financial models and analysis to support strategic initiatives and decision-making.
• Establish a cadence of regular communication with the leadership teams that identify short and long-term growth drivers with clear recommendations.

Decision Support:

• Optimize the use of company resources through effective investment case process & ROI evaluation to drive investment decisions
• Scenario analysis and modeling to support operational decision-making.
• Work with C-level to design, analyze and implement incentive compensation structures that drive performance and scale.

Operations:

• Present financial results and KPIs for ELT as required.
• Continually improve the budgeting process through the education of department managers on financial issues impacting their budgets.
• Ensure consistent use of language and definitions across the business to ensure consistency of reporting, particularly in relation to Go-to-Market functions.
• Work with CFO, CRO & VP, of Revenue Operations to develop sales compensation plans.
• Bring best practices to develop, implement, and manage policies and processes that scale our financial operations.

Qualifications:

Required education and experience:

• Minimum 7+ years’ progressive financial responsibility with a bachelor’s degree from a recognized University required
• Professional Accounting Designation, MBA or equivalent preferred
• Experience with a SaaS, or cloud-based software business is preferred.
• Advanced proficiency in Microsoft Office (Excel and PowerPoint), Salesforce CRM, and NetSuite
• Ability to learn & use cloud-based financial applications with minimal supervision.

Knowledge, Skills, and Abilities:

• Attention to detail with a high level of accuracy.
• A self-starter with the ability to work in a fast-paced team environment.
• Advanced proficiency in business modeling skills using Excel, with an understanding of SaaS business drivers (P&L, BS & CF). Knowledge of cloud planning tools is considered an asset.
• Excellent communication skills to build strong relationships across the breadth of the business.
• Excellent presentation skills (verbal and analysis) to share complex information in a clear easy-to-absorb form.
• Experience with ERP and corporate financial planning tools is an asset