Vice President of Finance (HealthTech/SaaS)

Our client is a US-based technology start-up that builds advanced open-source and enterprise data integration and analytics software for public health and development entities in low- and middle-income countries. Their vision is to transform how public and private sector stakeholders access and use data to address the world's most pressing development challenges. As a global company, diversity, equity, and inclusion are core parts of their values. They define impact by their success in helping their users access the full power of their data so they can act on valuable insights to build and sustain high performing, equitable systems. Their software is currently used by 12 countries across Africa, Asia and South America and they are funded by some of the largest global health foundations.

Role Overview

Our client is seeking a Vice President of Finance to lead financial management and strategy. S/he will be responsible for day to day financial planning & budgeting, international financial operations, grant and contract finances, internal and external financial reporting, S/he will also be responsible for working with the internal cross functional teams in developing project budgeting and pricing strategy.

The VP of Finance will report directly to the Chief Executive Officer (CEO) and will provide financial leadership across the organization, including internal control, risk management, in addition to accounting and finance.

Job Type: Full-time

Workplace: Hybrid

Requirements

• Masters Degree in Finance, Accounting, Business Administration.
• 10+ years of experience, serving in a managerial role specific to financial operational management, accounting, and financial planning & budgeting for a growth stage technology company (preferably big data software used in healthcare and government agencies).
• Experience developing and managing documentation of internal controls, policies, and procedures aligned with GAAP standards and compliance including revenue recognition in compliance with ASC 606.
• Expertise in software business models and milestone accounting.
• Experience in equity and debt financing, and due diligence process.
• Experience managing and designing the internal control process and an external audit.
• Experience with long-term strategic financial planning for growth organizations.
• Experience managing an accounting team, cash flow, and annual operating plans.
• Experience developing and refining internal financial management tools to improve the accuracy and management of company and project finances.
• Experience working with bilateral development organizations (e.g. USAID) and multilateral development organizations (e.g. World Bank, Gavi, Global Fund).
• Experience with grant management and financial reporting for donor funded projects.
• Experience liaising with customer and partner finance teams as well as local grantees, subcontractors, and other stakeholders to address cost and pricing considerations.
• Experience working with multidisciplinary teams in international settings and familiarity with organizations in the international development sector (donors, multilaterals, consulting firms, etc.).
• Solution oriented, strategic thinker with ability to identify and address challenges.
• Proven track record demonstrating sound judgment and exceptional attention to detail.
• Excellent writing skills, with ability to distill complex financial scenarios for management review and approval.
• Analytical thinker, comfortable working with quantitative and qualitative analysis.
• Demonstrated experience in global health.
• Proficiency in US GAAP (Generally Accepted Accounting Principles).
• Experience working with institutional donors, which are key funding partners.
• Hands-on approach with a proactive and practical work style.
• Proven leadership experience, including managing teams or projects.
• Ability to report directly to senior executives, including the CEO and CFO.
• Flexibility to work across various time zones, particularly Africa and the USA.

Responsibilities

• Lead and manage the team (1 Financial Manager and 1 Grants and Contracts Manager, along with a contracted back-office and accounting team) responsible for:
• All finance, accounting, budgeting, reporting, tax and regulatory compliance functions, including all financial planning, modeling, and budget processes
• Managing cash flow and balance sheet prudently to ensure sufficient cash runway.
• Preparing financial briefs for the Management Team in advance of monthly meetings and organizational planning discussions.
• Managing the monthly and quarterly close process to ensure timely and accurate financial reporting.
• Preparing quarterly financial and budgetary reports for our clients customers on active projects.
• Being a thought partner for the CEO.
• Tracking and reporting on cross-functional key performance indicators (KPIs).
• Serving as the financial liaison with customers and subcontractors with respect to budget development, financial planning, reporting and invoicing etc.
• Collaborating with Business Development and Legal teams to optimize contracting to drive efficiency, financial performance and compliance.
• Evaluating proposed contract modifications (e.g., revised deliverables, timelines, cost and no cost extensions etc) to ensure alignment with organizational cash flow and financial growth.
• Developing and managing documentation of internal controls, policies, and procedures aligned with GAAP standards and compliance including revenue recognition in compliance with ASC 606.
• Managing the companys tax, consulting, banking and audit relationships to ensure tax and regulatory compliance in various jurisdictions, including preparation and filing of quarterly and annual tax returns.
• Supervising accounts receivable, billing processes, payment collections and accounts payable.
• Developing and implementing an Indirect Cost Management strategy to reduce and manage indirect costs.
• Lead cross-functional initiatives to advance strategically important business needs, including:
• Optimizing companys pricing methodology.
• Leading startup of subsidiaries.
• Working with the CEO and Business Development team to explore new business models and revenue channels.
• Developing and improving internal tools and operational processes, including our ERP system(s) and associated business operations.
• Supporting equity and debt financing efforts, including discussions with existing and potential investors / debtors.
• Recruiting, interviewing, hiring and developing finance and accounting staff (internal and outsourced) as required.