Head of Finance, Elder
+ Stock Options
More information about location
2+ days a week in office
A true alternative to the care home
Job no longer available
A true alternative to the care home
101-200 employees
Job no longer available
+ Stock Options
More information about location
2+ days a week in office
101-200 employees
Company mission
To reinvent what it means to age. Elder pioneers solutions that improve quality of life and peace of mind for individuals and families everywhere.
Role
Who you are
- A qualified accountant with a strong technical knowledge, especially regarding statutory audit, internal controls and process implementation
- Experience within a changing / scale up business environment where finance needs to evolve to align with business needs
- Best practice financial experience, combined with the ability to work autonomously in a hands-on fashion
- Experience in implementing positive change
- A commercial mindset to problem solving; identifying opportunities for efficiencies and/or cost savings and understanding where a “quick fix” is appropriate
- Strong management and organisational skills and the ability to work to tight deadlines
- High level of proficiency in MS Excel
- Professional, pragmatic and confident within a senior role, ability to collaborate and challenge cross-functionally and be the voice of finance within the business
- Proven experience of presenting (verbal and written) financial information at a senior level
- Ability to communicate with key stakeholders, both internal and external, and ability to communicate and work collaboratively with non-finance colleagues and with employees at all levels
- Excellent attention to detail, good analytical skills, and ability to analyse numbers quickly and accurately and communicate them easily to non-finance colleagues
What the job involves
- Reporting to the CFO you will be joining an award-winning business at an exciting time of our evolution as we continue to strengthen the part that the finance function plays to support significant business growth
- As Head of Finance, you will be responsible for the day-to-day running of the financial operations of the business
- Underpinning this will be ensuring that a strong controls environment exists to help a business grow in both size and complexity
- You will be a key member of the finance team establishing and maintaining excellent internal and external relationships including Banking, Insurance and Audit
- Central to this will be the support and development of the existing finance team
- Working closely with the CFO and Head of Financial Planning & Analysis (FP&A), and, in collaboration with the Financial Controller, ensure timely and appropriate reporting of performance and meticulous planning of working capital resources
- You will also be working cross-functionally within the business to ensure that finance truly adds value and can support an agile, complex business
- With a mindset for continuous improvement, leading on the development and evolution of the finance function to deliver a first class service to support existing and new propositions which allows the business to scale efficiently
- In particular, that core financial operations (particularly Customer billing and Carer payments) can meet business requirements
- Enhancing and building robust financial processes and controls, ensuring strong financial governance but with a sensible commercial to ensure they do not inappropriately inhibit business operations
- Working closely with the CFO and Head of FP&A to optimise working capital usage and ensure robust cash planning and management
- Manage working capital processes (P2P and O2C) with a particular focus on making collections more efficient and reducing the levels of aged debt
- Own the balance sheet ensuring appropriate reconciliations and controls on key accounts while overseeing financial reporting and working with the Financial Controller to deliver timely and appropriate financial information and developing the management packs to provide rich business insight
- Day-to-day management of the finance function with a focus on continuous improvement, developing the team and improving the efficiency of finance operations
- Working cross-functionally with others within the business to ensure alignment of goals and objectives while also being the finance lead on business-wide projects (such as the implementation of / improvements to billing system)
- Oversee the annual R&D tax credit process run by the Financial Controller to enable a successful claim
- Lead and own the external relationships with regards to Banking, Audit, Insurance, 3rd party processing providers, payroll and share options
- Support the business, the Head of FP&A and Financial Controller to help build the annual financial budget, update company forecasts and ensure appropriate communications to the business and controls on budgeted spend
- Also working closely with the CFO and head of FP&A to ensure accurate forecasting of working capital requirements including short and medium/long term Cash Flow modelling and controls
- Compliance with monthly shareholder reporting requirements
- Assist with operation of share option schemes and company secretarial duties
Salary benchmarks
Our take
Elderly care has traditionally been delivered in residential care homes, which require people to be taken out of their own homes and moved into an unusual environment. Elder is introducing a technology-driven solution to a previously undisturbed market. It believes that getting older shouldn’t mean giving up choice and independence – even when you need care.
Social care remains one of society’s biggest challenges around the world and the big companies involved are nearly all legacy providers, leaving significant scope for disruption.
Elder is setting out to provide a personalised and genuine approach to senior care that can also scale. Elder is able to dispatch a carer, matched based on individual needs and personality, to any location in the UK within 48 hours. It is now focused on improving its live-in care experience and expanding across the UK.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 4 rounds)
Jan 2020
$10.6m
SERIES B
Dec 2017
$4.1m
SERIES A
Total funding: $26.1m
Company benefits
- Cycle-to-work scheme
- 6 weeks work from any where in the role (this can be used along side holiday entitlement)
- Parental leave at full pay for both parents
- 25 days holiday (excl. bank holidays) + 1 day per year for the 1st 5 years (total of 30 days)
- Hybrid working
- Equipment (Apple Mac or Pc)
- Health Insurance - (Dental, Mental, Physio, Vision)
- Growth and development
- Inspiring learning and CSR
- Rollover holiday time
- Pension scheme
- Team and company socials
- Referral scheme
- Mental health support
- Free drinks and snacks
Company values
- Seeking Excellence
- Together
- For our Society
Company HQ
Shoreditch, London
Leadership
Pete Dowds
(CEO)Background as a lawyer with 5 years experience at DLA Piper in M&A/VC law. Previously co-founded Mopp.com, a home services company, which he scaled to tens of thousands of customers over 3 years before selling to Handy in 2014
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