Solen's operating companies run in a decentralized fashion–operating independently from the investment firm–with the exception of the finance function, which is centralized. At Solen, it is Day 1 of a journey that will last decades. This is an opportunity to be a crucial member of the Solen team–managing the mission-critical aspect of the business: Finance. The role will report directly to Alex Spencer, the company's CEO, while building out the mission-critical finance function from scratch. We are looking for a candidate who will own financial elements of transaction diligence, reporting, compliance, SMB growth, mentoring and building of finance functions within operating companies. The scope of this role expands well beyond accounting and finance. You will be a strategic partner for the future of Solen's strategy.

About You:

• You have a high curiosity and drive to connect with business owners
• You are scrappy
• You are a leader
• You are self-motivated and work autonomously
• You think independently and are open to learning and sharing new ideas
• You have excellent interpersonal, written, and verbal communication skills
• You are collaborative
• You are a multi-faceted generalist with a specialization in your craft: Accounting, Finance, and FP&A
• You understand Software Accounting and love b2b SaaS.
• You understand the scarcity and constraints of a Small Software Business
• You are a systematic thinker. You solve the problem and generalize the solution to our portfolio. You build Standardized Operating Procedures and cross-pollinate these procedures across portfolio companies–be it reporting, KPI tracking and monitoring, controls training, etc.
• You can clean up a disorganized General Ledger
• You implement process improvements to fight entropy
• You know your numbers

Responsibilities:

Holding Company Accounting & Finance

• Lead the Accounting and Finance high-performing function, creating growth opportunities for team members
• Lead the accounting and finance department, including managing day-to-day bookkeeping, cash disbursements and bank accounts, payroll, HR, and regulatory compliance, budgets, etc.
• Prepare monthly GAAP financial statements for Solen head-office function and as a consolidated holding company
• Lead FP&A, drive annual operating plan cycle including target setting guidelines and creation, updating monthly forecasts, managing calendar and milestones and produce presentations for senior leadership and the board of directors
• Ensure compliance with all regulatory reporting requirements, financial standards such as US Generally Accepted Accounting Principles (US GAAP) and relevant tax reporting (i.e. federal, state/local, statutory, sales and use)
• Model historical and future financial performance for our consolidated holding company and maintain consolidated rolling forecasts and overall cash flow projections
• Track covenant compliance, prepare lender reporting and interact with our lenders to keep them apprised of our financial performance
• Oversee annual audit and federal and state tax filings
• Manage investor capital call processes
• Engage with outside tax advisors and execute overall tax strategy where required
• Prepare board materials and board presentations - Prepare monthly and quarterly reporting packages for presentation to executive management, investors and the board of directors
• Serve as a thought leader by driving key strategic and financial/operational ad-hoc analyses to support high-impact decisions (i.e. unit economics, product expansion, headcount planning, etc.)

Portfolio Company Accounting & Finance

• Reviewing, compiling, and/or preparing monthly GAAP financial statements for various portfolio companies as needed
• Communicate, engage, and interact with the leadership teams to track performance including key performance indicators like Annual Recurring Revenue (“ARR”), cash flow, and performance to budget
• Serve as a partner to the portfolio company CEOs, providing the business-savvy financial advice required to lead a successful SaaS organization
• Support the design, implementation, and oversight of internal controls
• Lead annual budgeting processes and maintain rolling forecasts with portfolio company leadership
• Ensure best practices are embedded within portfolio companies and drive consistent policies across companies
• Quantify the impact of new growth initiatives on financial performance and collaborate with teams to implement those growth initiatives
• Develop best-in-class finance and accounting teams at our portfolio companies when required
• Strive for continuous improvement and standardization of processes across the portfolio with an emphasis on scalability

New Deal Diligence

• Assess quality of financial information for new deal opportunities or portfolio tuck-in acquisitions and adjust to reach normalized revenue and earnings power
• Identify and evaluate opportunities for financial optimization for new targets
• Prepare post-close adjustments and working capital true-ups if needed

Requirements:

• Bachelor's Degree in accounting or finance; CPA and/or MBA preferred
• Experience: 6+ years prior work experience in finance or accounting including experience in senior roles
• Investment Banking/Private Equity, Public Accounting/Financial Planning and Analysis. Significant experience completing month-end close and corporate consolidation.
• Expertise in strategic planning, budgeting, forecasting, modeling, and reporting. Experience in the creation of metrics (KPIs) as well as setting, measuring, and enforcing financial and operational standards
• Advanced Excel, written, and verbal communication skills
• Deep knowledge of Software accounting