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CFO

TOffeeAM

TOffeeAM

Software Engineering, Accounting & Finance
London, UK
Posted on Friday, April 19, 2024

ToffeeX is a dynamic and innovative startup specialising in SaaS-based generative design. Our cutting-edge solutions cater to diverse industries such as aerospace, automotive, electrification, hydrogen, and broader energy sectors. As we prepare for our Series B funding round in the coming year, we are poised for significant growth, aiming to expand our client base, penetrate new markets in the US, Asia, and Europe, and solidify our position as a leader in the industry.

Position Overview: As the CFO of ToffeeX, you will play a pivotal role in shaping the financial strategy and success of the company. Reporting directly to the CEO, you will serve as a strategic partner and the right arm in driving critical financial decisions, establishing a robust business model, and ensuring the financial health of the organisation.

Key Responsibilities:

Financial Strategy and Planning:

  • Develop and execute the financial strategy aligned with the company's growth objectives.
  • Lead the development of financial models, forecasts, and budgets.
  • Work closely with the CEO to formulate and implement financial plans for scaling operations.
  • Implement and own financial processes, including cash management, reporting, accounting, billing, cash collection, annual accounts, and monthly management accounts.
  • Prepare comprehensive board reports highlighting key financial metrics and insights.

Fundraising and Investor Relations:

  • Prepare and present financial information to potential investors during fundraising rounds.
  • Contribute to the successful execution of the Series B funding round.
  • Build and maintain strong relationships with existing and potential investors.

Business Modelling and Pricing:

  • Drive the development of pricing strategies for our SaaS products.
  • Collaborate with cross-functional teams to refine and optimize the business model.
  • Conduct market analysis to determine the best positioning of our products.

Mergers and Acquisitions (M&A):

  • Leverage expertise in high-growth startups and M&A to guide strategic decisions.
  • Evaluate potential acquisition opportunities and contribute to due diligence processes.

Strategic Planning and Execution:

  • Work alongside the CEO to develop and refine the company's overall strategy.
  • Identify opportunities for growth, expansion, and market penetration.
  • Provide financial insights to support decision-making across departments.

International Expansion:

  • Lead financial planning for expansion into new markets, specifically the US, Asia, and Europe.
  • Navigate international financial regulations and optimize financial processes for global operations.

Team Leadership and Development:

  • Build and lead a high-performing finance team.
  • Mentor and develop team members, fostering a culture of continuous improvement.

Qualifications:

  • Proven experience as a CFO or FD in a startup environment, preferably through multiple funding rounds.
  • Strong background in financial modelling, business strategy, pricing optimization, and the basics of finance, including cash management, reporting, accounting, and implementing financial processes.
  • Experience with successful Series B fundraising and familiarity with startup acquisitions.
  • International business experience, especially in the US, Asia, and Europe.
  • Exceptional analytical and strategic-thinking skills.
  • Excellent communication and interpersonal abilities.
  • Bachelor's degree in finance, accounting, business, or a related field; MBA or equivalent preferred.