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VP of Finance

Biena SnacksNorth Waltham, Massachusetts🇺🇸United States

Quick overview

SeniorityLeader
Employment typeFull Time
Work modeHybrid
LocationNorth Waltham, Massachusetts, United States
OnboardingBenefits AdministrationCPAERPCash Flow ManagementComplianceContinuous ImprovementCost AccountingDue DiligenceFinancial ModelingFinancial ReportingForecastingInternal ControlsPayrollStrategic PlanningVariance Analysis

Job description

THE ROLE

As Vice President of Finance, you will develop, manage and execute all financial strategy, planning and accounting for Biena. You will lead the finance and accounting team, oversee HR administration, and build the plans, systems and controls that support a business growing at rapid rates. You will be a strategic partner to the CEO and the leadership team, own the company’s financial plan and capital strategy, and manage our relationships with the Board, lenders and investors.

This is a seat on the leadership team of a rapidly growing brand that is in its prime, with a category we created and are still defining.

THIS ROLE REQUIRES A BUILDER

Biena is not a startup searching for product-market fit, and we are not a large CPG with an army of support resources and a big trade budget. We are an established brand in its prime, with strong and proven consumer demand, and rapid growth. That is why we want a finance leader who has worked at both. You bring the rigor and best practices of a large consumer products company, and the resourcefulness and speed of an entrepreneurial one.

We are looking for a leader who can:

  • Build the finance team, systems and processes for a business that is scaling fast
  • Keep growth profitable as we add major retail partners, channels and new items
  • Bring rigor to planning, forecasting, trade spend, cost and cash
  • Plan and secure the capital that funds our growth
  • Move quickly, because speed is one of our real advantages

This is a true player/coach role. You will advise the CEO and the Board on the company’s biggest decisions, and you will also be in the weeds and the numbers with your team.

PRIMARY RESPONSIBILITIES:

Strategic Leadership

  • Lead all aspects of the finance and accounting functions, including financial planning, reporting and analysis, cash flow management and accounting.
  • Serve as a strategic business partner to the CEO and leadership team, providing value-added advice in support of company goals and balancing aggressive growth with return on investment and healthy profits.
  • Own the annual strategic planning and budget processes, including multi-year financial and business plans that reflect the company’s rapid growth.

Scaling the Finance Function

  • Upgrade finance systems, tools and processes (ERP, planning, reporting) so they scale with the business.
  • Drive continuous improvement of internal controls to ensure the integrity of financial reports and safeguard the company’s assets.
  • Develop and deliver the monthly financial reporting package, including up-to-date assessments of risks and opportunities and budget-to-actuals variance analysis.

Growth Economics

  • Build the financial frameworks to evaluate new retail partners, channels and products, including customer and account-level P&Ls.
  • Partner with Sales on trade spend and promotion analysis, so that investment with retail partners drives profitable velocity.
  • Partner with Operations on co-manufacturing, capacity and cost planning, inventory and working capital, so that supply keeps pace with demand and products deliver margin improvement over time.

Capital and External Stakeholders

  • Plan the company’s capital needs to fund growth, and lead financing activities, including due diligence materials, financial modeling and legal engagement, to ensure successful execution of potential transactions.
  • Manage relationships with the Board, banks, investors and other key external stakeholders, and own all finance-related materials for Board meetings and investor reporting.
  • Oversee legal, tax, finance and compliance work with outside counsel and auditors.

HR Management

  • Own management of payroll and HR administration with our outside HR and payroll providers, so the team is paid accurately and on time, payroll taxes and filings are compliant, and HR policies and employee records meet state and federal employment requirements.
  • Manage benefits administration, including open enrollment, renewals and provider relationships, so our benefits stay competitive and cost-effective.
  • Run onboarding for new hires, from offer letters and paperwork to systems access, so new team members are set up to succeed from day one.

Team Leadership and Development

  • Lead, develop and mentor the finance team, and scale it thoughtfully as the business grows.
  • Develop and champion the goal-setting process for the finance function.
  • Build a culture of ownership, speed and accuracy, consistent with our value of Freedom and Responsibility.

SKILLS AND EXPERIENCE:

  • 15+ years of progressive finance experience at consumer products companies, ideally in food
  • and beverage.
  • Experience at BOTH large companies and small entrepreneurial ones, preferred.
  • Proven record supporting a business through a period of rapid growth, including building the teams, processes, controls and systems that growth requires.
  • Expertise in financial planning, reporting and analysis, cash management and cost accounting.
  • Strong understanding of consumer products and natural food concepts such as trade promotion accounting, marketing and advertising spending accruals, cost accounting and variances.
  • Experience working with national retailers across Grocery, Mass and Club, and with co-manufacturers, is a strong plus.
  • Experience raising capital and working with a Board and institutional investors.
  • Key leadership characteristics: integrity, drive for results, collaborative, flexible, strong communicator, and a player/coach mentality with the ability to roll up their sleeves.
  • Bachelor’s degree required. MBA and/or CPA preferred.

SALARY AND BENEFITS

  • Equity ownership
  • Healthcare & Dental benefits
  • 401K
  • Paid-Time Off
  • A collaborative, fun, mission-driven team
  • Unlimited BIENA!

If you are a senior finance leader who wants to help scale a category-defining brand, we encourage you to apply.

Please submit your resume and a cover letter for consideration.

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