Job Description

The Vice President of Finance and Accounting is responsible for overseeing all financial activities, including financial planning and analysis, budgeting, accounting, and reporting for Cloud303. This role ensures financial stability, compliance with financial regulations, and the effective management of cash flow to support business growth. The VP of Finance and Accounting plays a key role in driving financial strategy, providing insights to senior leadership, and managing financial risks. Additionally, the VP is responsible for leading the accounting team, ensuring timely and accurate financial reporting, and implementing best practices in financial management and operational efficiency.

Financial Strategy and Leadership:

• Develop and implement long-term financial strategies that align with Cloud303’s business objectives and support sustained growth.
• Provide financial leadership and guidance to the executive team, offering insights into company performance, opportunities for improvement, and potential risks.
• Oversee the creation of financial models, forecasts, and analyses to support strategic decision-making and business planning.
• Lead efforts to identify and execute cost-saving initiatives and improve overall financial efficiency.

Financial Planning and Analysis (FP&A):

• Manage the budgeting and forecasting process, ensuring that financial plans are realistic, achievable, and aligned with company goals.
• Analyze financial performance, including variance analysis, profitability, and cash flow, and provide actionable recommendations to improve financial results.
• Conduct financial scenario planning and sensitivity analyses to support key business decisions and assess the impact of potential risks and opportunities.
• Ensure the timely preparation of financial reports, including monthly, quarterly, and annual financial statements, and present them to senior leadership.

Accounting and Reporting:

• Oversee the accounting function, ensuring compliance with GAAP and other applicable financial regulations and standards.
• Ensure accurate and timely financial close processes, including general ledger maintenance, reconciliations, and financial statement preparation.
• Implement and maintain internal controls to ensure the accuracy and integrity of financial data and mitigate risks related to fraud or error.
• Manage audits, both internal and external, ensuring that Cloud303 meets all regulatory and compliance requirements.

Cash Flow and Treasury Management:

• Oversee cash flow management, ensuring sufficient liquidity to meet operational needs and growth initiatives.
• Develop and manage banking relationships, ensuring that financing needs are met efficiently and at favorable terms.
• Monitor working capital requirements and optimize the use of credit facilities, loans, and other financial instruments to support company operations.
• Ensure effective treasury management practices, including the management of foreign exchange, interest rate risk, and other financial risks.

Financial Risk Management:

• Identify and manage financial risks, including market, credit, operational, and liquidity risks, and develop mitigation strategies.
• Ensure compliance with all tax obligations and manage tax planning strategies to optimize tax efficiency and minimize liabilities.
• Lead efforts to assess and improve financial processes, systems, and controls, ensuring scalability as Cloud303 continues to grow.

Collaboration with Internal Teams:

• Work closely with department heads to align financial planning with operational objectives, ensuring financial support for key initiatives.
• Partner with the Product Development, Sales, Operations and Cloud Engineering teams to assess financial implications of new products, services, and partnerships.
• Collaborate with HR to align compensation plans, bonus structures, and other employee benefits with company financial goals.

Team Leadership and Development:

• Lead, mentor, and develop the finance and accounting team, ensuring that team members are equipped with the skills and knowledge to excel in their roles.
• Foster a culture of accountability, accuracy, and continuous improvement within the finance department.
• Implement professional development programs to ensure the team stays updated on financial regulations, accounting practices, and industry best practices.

Qualifications:

• Education: Bachelor’s degree in Finance, Accounting, or related field required; MBA or advanced degree preferred. CPA or CFA certification is a plus.
• Experience: 10+ years of progressively responsible experience in finance and accounting, with at least 5 years in a senior leadership role.
• Technical Skills: Strong knowledge of GAAP, IFRS, financial analysis, and reporting. Proficiency in financial software and ERP systems.
• Leadership: Proven experience leading and developing high-performing finance teams.
• Communication: Excellent communication and presentation skills, with the ability to convey complex financial information to non-financial stakeholders.
• Strategic Thinking: Ability to think critically and strategically, with a strong business acumen and decision-making ability.

Competencies:

• Strong leadership and team management skills.
• High level of integrity and ethical standards.
• Ability to work in a fast-paced, dynamic environment.
• Strong problem-solving and analytical abilities.
• Excellent organizational and time management skills.
• MSP or cloud consulting experience

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