What are the responsibilities and job description for the Chief Financial Officer (CFO) position at Zenoti?
About Zenoti
With the industry’s most complete end-to-end, growth-focused software platform, Zenoti helps nearly 30,000 beauty, wellness, and fitness businesses across 50 countries find their greatness. The Company is looking for a dynamic Chief Financial Officer to partner with the CEO and the Executive Team in the next phase of the Company’s growth.
Job Summary:
As the Chief Financial Officer (CFO), you will be a key member of the Executive Leadership Team, responsible for overseeing all aspects of financial management, planning, and reporting for our company. Reporting directly to the CEO, you will play a crucial role in driving strategic decision-making, optimizing financial performance, and ensuring compliance with regulatory requirements. The ideal candidate will have a strong background in finance, experience in the SaaS industry, exceptional leadership skills, and a strategic mindset.
Responsibilities:
- Financial Strategy and Planning:
- Develop and execute the Company's financial strategy in alignment with overall business objectives.
- Lead the annual budgeting process and provide regular financial forecasts and analysis to support decision-making.
- Create detailed financial models projecting revenue, expenses, and cash flow.
- Work on scenario analysis to assess the impact of different variables on financial outcomes.
- Financial Management:
- Oversee all aspects of financial management, including accounting, budgeting, forecasting, and cash flow management.
- Establish and maintain internal controls to safeguard company assets and ensure accurate financial reporting.
- Monitor key metrics and performance indicators to track financial health and identify areas for improvement.
- Financial Reporting and Compliance:
- Prepare and present accurate and timely financial reports to the Executive Team, board of directors, and external stakeholders.
- Ensure compliance with all regulatory requirements, accounting standards, and tax obligations. Implement or enhance financial controls and compliance processes (Credit/concessions policy, commissions policy, bonus policy etc)
- Prepare the organization for increased scrutiny and reporting requirements as it moves towards an IPO.
- Coordinate audits and reviews of financial statements and implement recommendations for improvement.
- Strategic Planning and Analysis:
- Provide strategic financial analysis and insights to support business decision-making and long-term planning.
- Conduct financial modeling and scenario analysis to evaluate potential investments, partnerships, and growth opportunities.
- Collaborate with cross-functional teams to assess the financial implications of business initiatives and strategic projects.
- Investor Relations and Fundraising:
- Assess the current financial health and determine the fundraising requirements.
- Develop a compelling business case for investors, emphasizing growth potential and profitability.
- Strengthen relationships with existing investors and explore new funding sources.
- Serve as the primary liaison with investors, analysts, and financial institutions, maintaining strong relationships and providing transparent communication.
- Leadership and Team Development:
- Build and lead a high-performing finance team, providing mentorship, coaching, and professional development opportunities.
- Foster a culture of collaboration, accountability, and continuous improvement within the finance organization and across the company.
Qualifications:
- Bachelor's degree in finance, accounting, business administration, or a related field; MBA or CPA preferred.
- Proven experience (15 years) in a senior leadership role, ideally within the SaaS industry or technology sector.
- Comfort in working across different time zones.
- Strong financial acumen and analytical skills, with the ability to interpret complex financial data and trends.
- Excellent communication and interpersonal skills, with the ability to influence and collaborate effectively at all levels of the organization.
- Demonstrated leadership experience, with a track record of building and developing high-performing teams.
- Strategic mindset and business acumen, with the ability to translate financial insights into actionable strategies and initiatives.
- Knowledge of regulatory requirements, accounting principles, and financial best practices.
- Experience with financial planning and analysis (FP&A), financial modeling, and investment analysis.
- Ability to thrive in a fast-paced, dynamic environment and adapt to changing priorities and business needs.
- Strong ethics and integrity, with a commitment to upholding the highest standards of financial stewardship and compliance.
- Location: Seattle, Washington, with occasional travel as needed.
