VP, FP&A - SaaS / Subscription-Based Recurring Revenue

Simplex.; Toronto; Hybrid; CAD 200,000 - 280,000; Full time

Job summary

Simplex is seeking a VP/Head of FP&A to lead forecasting, reporting and strategic analysis during a complex sale process. The role requires deep experience with ASC 606 revenue recognition, on-prem and SaaS models, and collaboration with a private equity sponsor and potential buyer.

You will manage a team of ~9, build robust financial models, and drive scenario planning across multi-year plans, while bridging financial insight with operational needs in a fast-growing network infrastructure /

Qualifications

• 15+ years in FP&A / Leadership within the tech space with an emphasis on forecasting, financial analysis, and modeling.
• Must have previous experience leading a successful transaction (or multiple transactions).
• Familiarity with FP&A within On-Prem Software (Subscription-Based Recurring Revenue) environments is preferred but at a minimum must have experience with SaaS / Recurring Revenue Models.
• Experience applying AI Tools for process improvement and workflow automation. Experience automating manual processes is ideal.
• Experience working at other equivalent Network Infrastructure / Security Software companies is ideal.
• Experience in an equivalent scaled organization (500+ employees, 200M+ Revenue).
• Experience working under other Private Equity Sponsors - M&A / Transaction, Capital Raising background.
• Background in banking, consulting, or due diligence/advisory earlier in your career is a plus.
• Track record of influencing leadership decisions through clear communication of complex data analysis.
• Experience thinking strategically about complex business problems, leading to recommendations and action plans.

Responsibilities

• Support the company through a successful due diligence and transaction over the next 18 months, interfacing with the PE Sponsor as well as the buyer.
• Quickly gain a deep understanding of the business - Forecasting, Sales Cycles (9+ months), Revenue Recognition (ASC 606), Customer Expectations, Operational Complexities.
• Leverage Pigment, lead P&L reporting and forecasting processes (monthly, quarterly, annual, and long-range plans) with a high degree of accuracy and transparency
• Build and maintain and present robust financial models and systems to support scenario planning, decision-making, and provide visibility into key metrics and relevant KPIs
• Manage a team of ~9.

Skills

Forecasting

Financial analysis

Financial modeling

Leadership

M&A experience

Recurring revenue

AI tools

Stakeholder comms

Due diligence

Strategic thinking

Tools

Pigment

Job description

An ideal candidate profile would be someone who lives in or is commutable to Toronto, Canada for a hybrid position, but we will consider anyone 100% remote role based anywhere in the United States (preferably East Coast or Midwest) or Canada.

Our client is a fast-growing, Private Equity-backed Network Infrastructure / Security Software company looking for a VP / Head of FP&A.

The company:

• They are exploring a sale (1.5B-2B range) and have been private equity-owned since 2022
• Very sticky customer base (mid-90% gross retention)
• Profitable with "mid-30s" EBITDA
• Has acquired multiple companies over the last few years.
• Interested in exploring the intersection of AI and FP&A / Workflow Automation

You will come in as the company has just started exploring a sale and will be tasked with supporting the company through the due diligence and sale process. The company's business is complex, and there will be a very steep learning curve with limited time to get up to speed, so we are looking for someone who can come in and understand the nuances of working with on-prem revenue / ASC606 and how that impacts forecasting. There is a strong existing accounting support function that will work closely with the FP&A function.

Responsibilities

• Support the company through a successful due diligence and transaction over the next 18 months, interfacing with the PE Sponsor as well as the buyer.
• Quickly gain a deep understanding of the business - Forecasting, Sales Cycles (9+ months), Revenue Recognition (ASC 606), Customer Expectations, Operational Complexities.
• Leverage Pigment, lead P&L reporting and forecasting processes (monthly, quarterly, annual, and long-range plans) with a high degree of accuracy and transparency
• Build and maintain and present robust financial models and systems to support scenario planning, decision-making, and provide visibility into key metrics and relevant KPIs
• Manage a team of ~9.

Qualifications

• 15+ years in FP&A / Leadership within the tech space with an emphasis on forecasting, financial analysis, and modeling
• Must have previous experience leading a successful transaction (or multiple transactions)
• Familiarity with FP&A within On-Prem Software (Subscription-Based Recurring Revenue) environments is preferred but at a minimum must have experience with SaaS / Recurring Revenue Models.
• Experience applying AI Tools for process improvement and workflow automation. Experience automating manual processes is ideal.
• Experience working at other equivalent Network Infrastructure / Security Software companies is ideal.
• Experience in an equivalent scaled organization (500+ employees, 200M+ Revenue)
• Experience working under other Private Equity Sponsors - M&A / Transaction, Capital Raising background
• Background in banking, consulting, or due diligence/advisory earlier in your career is a plus
• Track record of influencing leadership decisions through clear communication of complex data analysis
• Experience thinking strategically about complex business problems, leading to recommendations and action plans