Banyan Software provides the best permanent home for successful enterprise software companies, their employees, and customers. We are on a mission to acquire, build and grow great enterprise software businesses all over the world that have dominant positions in niche vertical markets. In recent years, Banyan was named the #1 fastest-growing private software company in the US on the Inc. 5000 and amongst the top 10 fastest-growing companies by the Deloitte Technology Fast 500. Founded in 2016 with a permanent capital base setup to preserve the legacy of founders, Banyan focuses on a buy and hold for life strategy for growing software companies that serve specialized vertical markets.
Location: Toronto
Description of the Role:
This is an exciting and entrepreneurial opportunity to join a fast-paced software consolidator with a very significant growth trajectory. The position is ideal for a hard-working individual seeking a leadership role that combines their technical finance and accounting acumen with business operations. As Finance Manager, they will lead the accounting, treasury, FP&A, reporting, and finance systems responsibilities related to a portfolio of small high-quality software businesses owned by Banyan. They will also assist in the integration of new acquisitions. This group aims to play a “value added” role by partnering with senior operators and leveraging data to drive insights and shareholder value.
To succeed in this role, an individual should be an enthusiastic and energetic self-starter with a high detail orientation. The ability to multitask and manage multiple deliverables at the same time will be an important asset. We are also seeking a collaborative professional who likes to put forward suggestions and ideas on how to improve the status quo and create best-practices. Teamwork and positivity are key foundations of this growing finance group’s culture and ethos.
This role will report to the Finance Leader overseeing the Operating Group. .
Responsibilities:
- Lead the Finance function for a portfolio of companies with support from a team of internal finance resources that work in our Centre of Excellence in Pakistan and at the Operating Companies.
- Oversee the transactional accounting work of the portfolio, ensuring correct oversight and supervision for all finance process areas, and for treasury and banking needs
- Manage the month-end close process to allow for timely and accurate US GAAP financial results
- Be responsible for management reporting, the annual budget cycle and re-forecasting process, and tracking Key Performance Indicators of Operating Companies to drive growth and informed decision-making
- Ensure that there is quality assurance being performed over finance and accounting work products (e.g., oversight of processes for reconciling the balance sheet, monitoring revenue recognition, refining variance explanations in reporting, etc.)
- Participate and support Banyan’s annual global audit and any related Statutory Audits
- Contribute to the operational performance of Operating Companies through analysis of budget-to-actuals, operational revenue and expense analysis, and insights that further facilitate decision making
- Lead the financial integration of newly acquired companies including (but not limited to) policy alignment and systems conversion
- Implement financial initiatives identified during the M&A process
- Collaborate with finance teams at Operating Companies and in our office in Pakistan through high-impact financial-related projects that drive efficiency and best practices
- Implement and review Standard Operating Procedures (SOPs) to promote best practices and efficiency across the portfolio
- Development of ad hoc reports for CEOs and Operating Partners
- Provide financial advice and guidance to the business as requested
- Other ad-hoc tasks that may arise from time-to-time
Requirements:
- The ideal candidate for the role will possess the following characteristics:
- Minimum of 7 years of relevant experience in a finance/accounting role
- Recognized professional accounting designation (CPA, CA). Relevant accounting experience with US GAAP and software is an asset
- Proven ability to lead teams, implement change, and drive process improvement
- Advanced written and verbal communication skills with the ability to converse with business executives
- Experience with NetSuite is an asset
- Strong analytical and problem solving skills with a high level of detail orientation
- Excellent attention to detail and ability to manage multiple priorities
- Demonstrated organizational & time management skills
- Ability to think and work independently
- Highly motivated and energetic with interest in entrepreneurship, software, and finance
The expected base salary for this position is: CAD $110,000 - $135,000 and excludes annual bonus and equity (when applicable). Salary is based on a number of factors including market conditions, location and may vary depending on job-related skills and experience.
Diversity, Equity, Inclusion & Equal Employment Opportunity at Banyan: Banyan affirms that inequality is detrimental to our Global Teams, associates, our Operating Companies, and the communities we serve. As a collective, our goal is to impact lasting change through our actions. Together, we unite for equality and equity. Banyan is committed to equal employment opportunities regardless of any protected characteristic, including race, color, genetic information, creed, national origin, religion, sex, affectional or sexual orientation, gender identity or expression, lawful alien status, ancestry, age, marital status, or protected veteran status and will not discriminate against anyone on the basis of a disability. We support an inclusive workplace where associates excel based on personal merit, qualifications, experience, ability, and job performance.
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