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Chief Financial Officer

3 months ago

Seattle, Washington, United States Zenoti Full time

Zenoti provides an all-in-one, cloud-based software solution for the beauty and wellness industry. Our solution allows users to seamlessly manage every aspect of the business in a comprehensive mobile solution: online appointment bookings, POS, CRM, employee management, inventory management, built-in marketing programs and more. Zenoti helps clients streamline their systems and reduce costs, while simultaneously improving customer retention and spending. Our platform is engineered for reliability and scale and harnesses the power of enterprise-level technology for businesses of all sizes.

Zenoti powers more than 30,000 salons, spas, medspas and fitness studios in over 50 countries. This includes a vast portfolio of global brands, such as European Wax Center, Hand & Stone, Massage Heights, Rush Hair & Beauty, Sono Bello, Profile by Sanford, Hair Cuttery, CorePower Yoga and TONI&GUY.

Our recent accomplishments include surpassing a $1 billion unicorn valuation, being named Next Tech Titan by GeekWire, raising an $80 million investment from TPG, ranking as the 316th fastest-growing company in North America on Deloittes 2020 Technology Fast 500 and unveiling a new brand video. We are also proud to be recognized as a Great Place to Work-CertifiedTM for as this reaffirms our commitment to empowering people to feel good and find their greatness.

To learn more about Zenoti visit:

About Zenoti

With the industrys most complete end-to-end, growth-focused software platform, Zenoti helps nearly 30,000 beauty, wellness, and fitness businesses across 50+ countries find their greatness. The Company is looking for a dynamic Chief Financial Officer to partner with the CEO and the Executive Team in the next phase of the Companys growth.

Job Summary:

As the Chief Financial Officer (CFO), you will be a key member of the Executive Leadership Team, responsible for overseeing all aspects of financial management, planning, and reporting for our company. Reporting directly to the CEO, you will play a crucial role in driving strategic decision-making, optimizing financial performance, and ensuring compliance with regulatory requirements. The ideal candidate will have a strong background in finance, experience in the SaaS industry, exceptional leadership skills, and a strategic mindset.

Responsibilities:

Financial Strategy and Planning:

  • Develop and execute the Company's financial strategy in alignment with overall business objectives.
  • Lead the annual budgeting process and provide regular financial forecasts and analysis to support decision-making.
  • Create detailed financial models projecting revenue, expenses, and cash flow.
  • Work on scenario analysis to assess the impact of different variables on financial outcomes.

Financial Management:

  • Oversee all aspects of financial management, including accounting, budgeting, forecasting, and cash flow management.
  • Establish and maintain internal controls to safeguard company assets and ensure accurate financial reporting.
  • Monitor key metrics and performance indicators to track financial health and identify areas for improvement.

Financial Reporting and Compliance:

  • Prepare and present accurate and timely financial reports to the Executive Team, board of directors, and external stakeholders.
  • Ensure compliance with all regulatory requirements, accounting standards, and tax obligations. Implement or enhance financial controls and compliance processes (Credit/concessions policy, commissions policy, bonus policy etc)
  • Prepare the organization for increased scrutiny and reporting requirements as it moves towards an IPO.
  • Coordinate audits and reviews of financial statements and implement recommendations for improvement.

Strategic Planning and Analysis:

  • Provide strategic financial analysis and insights to support business decision-making and long-term planning.
  • Conduct financial modeling and scenario analysis to evaluate potential investments, partnerships, and growth opportunities.
  • Collaborate with cross-functional teams to assess the financial implications of business initiatives and strategic projects.

Investor Relations and Fundraising:

  • Assess the current financial health and determine the fundraising requirements.
  • Develop a compelling business case for investors, emphasizing growth potential and profitability.
  • Strengthen relationships with existing investors and explore new funding sources.
  • Serve as the primary liaison with investors, analysts, and financial institutions, maintaining strong relationships and providing transparent communication.

Leadership and Team Development:

  • Build and lead a high-performing finance team, providing mentorship, coaching, and professional development opportunities.
  • Foster a culture of collaboration, accountability, and continuous improvement within the finance organization and across the company.

Qualifications:

  • Bachelor's degree in finance, accounting, business administration, or a related field; MBA or CPA preferred.
  • Proven experience (15+ years) in a senior leadership role, ideally within the SaaS industry or technology sector.
  • Comfort in working across different time zones.
  • Strong financial acumen and analytical skills, with the ability to interpret complex financial data and trends.
  • Excellent communication and interpersonal skills, with the ability to influence and collaborate effectively at all levels of the organization.
  • Demonstrated leadership experience, with a track record of building and developing high-performing teams.
  • Strategic mindset and business acumen, with the ability to translate financial insights into actionable strategies and initiatives.
  • Knowledge of regulatory requirements, accounting principles, and financial best practices.
  • Experience with financial planning and analysis (FP&A), financial modeling, and investment analysis.
  • Ability to thrive in a fast-paced, dynamic environment and adapt to changing priorities and business needs.
  • Strong ethics and integrity, with a commitment to upholding the highest standards of financial stewardship and compliance.
  • Location: Seattle, Washington, with occasional travel as needed.