Finance Director, Modifi
Office located in North Holland, Amsterdam
Global B2B Payments and trade services
Open for applications
Global B2B Payments and trade services
21-100 employees
Open for applications
Office located in North Holland, Amsterdam
21-100 employees
Company mission
To empower small and medium-sized businesses to trade internationally with digital trade finance.
Role
Who you are
- A minimum of 8 years of relevant experience in finance, including 3+ years’ leadership role. A solid understanding and experience across accounting functions
- Currently operating as an experienced number two in finance, within an international FinTech/Financial Services business
- Highly analytical with strong skills in financial analysis
- The ideal candidate will have experience within a large organisation with a view of what “good” looks like, and also have experience in a smaller company having to set up new systems and processes
- A structured and hardworking leader, able to coach and develop a driven finance team
- Strong communication skills and high EQ; able to build strong relationships internally and with external stakeholders
- A growth mindset: able to operate with flexibility within a fast paced environment
- An enthusiastic team player: collaborative and low ego who is energised by MODIFI’s unique proposition
What the job involves
- We are looking for an experienced Finance Director to lead the Finance team and support MODIFI in its mission to change the world of international trade
- At MODIFI you will have a great opportunity to not only be a contributor to MODIFI's current business payments and global Buy-Now-Pay-Later offering, but also actively help develop systems and processes to support and enable the rapid growth of our business
- This role is based in the Amsterdam office of MODIFI
- Be a part of the leadership team, responsible for the successful and sustainable growth of MODIFI, representing the company internally and externally
- Build a strong relationship with the CFO and executives, working as a valued business partner, providing strategic forward-looking insights and supporting the commercial development of the company, as well as challenging where appropriate
- Develop, train, hire and inspire a high performing team that contributes to a culture of teamwork and commitment to the company's success
- FP&A
- Develop and grow the FP&A and modelling function that can support decision making across all functions of the business
- Manage data requests from third parties, including for investors, preparing concise and logical output
- Review KPIs and performance measures that support the company's strategic direction and ensure that all reporting and forecasting is accurate and insightful
- Accounting, Tax & Operational Finance
- Establish, review and ensure application of appropriate internal controls, compliance and financial procedures
- Coordinate the preparation of monthly, quarterly and annual accounts; analysing the company's financial results with respect to profits, trends, costs and compliance with budgets, issuing regular status and ad hoc reports to senior management
- Manage all tax planning and compliance with all required federal, state, local, payroll, property and other applicable taxes
- Manage third-party relations, including auditor, tax accountants, wage accountants etc
- Treasury
- Monitor cash balances and cash forecasts to ensure cash flow is healthy and appropriate for our financial plans
- Challenge treasury management function to ensure we continue to improve our cost of capital; ensuring budgeting and cash flow management is aligned with business growth, free cash is earning positive interest and forex risks are low
- Leverage financial data to drive strategic decision making whilst also providing a dynamic hands-on style of leadership, driving the ongoing professionalisation of the finance function
Our take
SMEs play a vital role in global trade, representing 98% of exporters and contributing 30% to global volumes. However, over half of their trade finance requests are rejected by banks, creating a massive $1.5T funding gap. This leaves SMEs unable to seize new trade opportunities despite growing global trade and consumer demands.
Modifi aims to bridge this gap - it provides SMEs with simple digital solutions to finance and manage their trades, protect them from counter-party risk, and easily track their shipments. It services over 1,000 buyers and sellers across more than 40 countries. Since being founded in 2018, Modifi has grown at an astounding rate and is now the only digital trade finance platform for SMEs that spans the three major trading regions of Europe, Asia and North America - a cluster which encompasses approximately 80% of global imports and exports.
Following major funding across multiple rounds, Modifi's current strategy is focused on addressing increasing demand and helping more SMEs trade internationally on their digital platform. Fundamentally, with the OECD predicting that the trade finance landscape is to undergo "profound changes" in the coming years, Modifi has a great opportunity to be at the forefront of change for the better.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 4 rounds)
Nov 2024
$15m
SERIES C
Sep 2021
$24m
SERIES B
Total funding: $47.8m
Company benefits
- The world is your oyster - we have networks around the globe with offices in Amsterdam, Berlin, Delhi, Dhaka, Dubai, Hongkong, Mumbai, New York, Shenzhen
- You want to get to know your colleagues better?! We organize regular gatherings, events and parties
- At MODIFI we have a very hands-on mindset, giving our people the chance to grow with their responsibilities
Company values
- Push the boundaries
- Grow together
- Make it happen
- Ownership is cool
- Straight talking is encouraged
Company HQ
De Weteringschans, Amsterdam, Netherlands
Articles
Leadership
Nelson Holzner
(CEO)Has 20 years of professional experience in top international firms, startups and high growth companies, and is the founder and ex-CEO of BillPay.
Sven Brauer
(COO)Was a key part in building BillPay, and was also part of Klarna's senior management team until 2018.
Jan Wehrs
(CTO)IT professional with more than 12 years’ hands on experience with various platforms and over 5 years’ experience as Senior IT executive. Also a member of the alphalist network.
Salary benchmarks
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