Fractional Finance Director | Fast Growth FMCG Scaleup Brand | London / Hybrid
Harmonic are pleased to be working alongside one of London's most innovative and exciting drinks startup brands on the hire of a Fractional Finance Director to join the business for a 9-month contract.
Only a few years into their journey, our client are swiftly becoming a household name and have scaled through an omnichannel approach to growth. Already with listings in Tesco, Waitrose and Sainsbury's, amongst others, our client has a diverse sales strategy which has seen their brand grow to c.£4 m turnover. For the next financial year, they are forecasting 100% YoY growth with an increase in headcount growth. Reporting into the Founder and CEO, this role will play a key part in the management of the end-to-end finance function whilst their current #1 in Finance in on maternity leave.
Our client is a market leader in product quality and development in their space, and has created a brand built on both credibility and creativity. Their culture also mirrors this with the business being incredibly innovative, collaborative, and creative. The team works with lots of autonomy so this would suit candidates who enjoy working in the SME space which is fast paced with lots of change and development.
The Fractional Finance Director will take ownership of supporting the Founder and Board at a time that they are looking to raise their first Series A investment round. To date they have grown to their current size with private investment and the Series A will make a step change for a brand who are already showing commercial promise. Therefore, a requirement for this role is to have experience across fundraising as well as a track record of working with retail, FMCG or consumer goods businesses in the past.
Above all this role joins a market beating business and offers the chance to work in a fast-paced and high calibre environment over the next 9 months.
The Role
Reporting into the CEO and Founder:
- Developing Financial Strategies: Creating long-term financial strategies aligned with the company's business objectives.
- Budgeting and Forecasting: Preparing annual budgets, forecasts, and financial models to guide business planning and decision-making.
- Financial Reporting: Overseeing the preparation and presentation of financial statements, ensuring accuracy and compliance with reporting standards.
- Cash Flow Management**:** Monitoring and managing cash flow to ensure the company has sufficient funds to operate and invest.
- Business Partnering: Working with sales, marketing and operations to offer financial support and value-add financial analysis, enabling confident decision making across the business.
- Internal Controls**:** Establishing and maintaining internal controls to safeguard company assets and ensure financial integrity.
- Compliance**:** Ensuring compliance with financial regulations and standards, including tax laws and corporate governance requirements.
- Executive Advisory: Providing financial insights and recommendations to the CEO, board of directors, and other senior management.
- Stakeholder Communication: Communicating financial performance and strategies to investors, lenders, and other stakeholders.
- KPIs and Metrics: Developing and tracking key performance indicators (KPIs) to measure financial performance and operational efficiency.
- Fundraising: Assisting in raising capital, working with external advisors and the Founder on the due diligence process.
- Team Management: Effectively managing the outsourced finance providers who complete the AP / AR, bookkeeping and draft management accounts.
- Process Improvement: Identifying and implementing improvements to financial processes and systems.
- Data Analysis: Utilizing financial data and analytics to drive business decisions and strategy.
What our client would like to see:
- Track record of having raised funding. This can be from institutional investors, private equity or venture capital for example.
- Experience across the FMCG space, retail, ecommerce or consumer good industry. Relevant industry experience is a requirement for this role.
- Experience in working in a startup or scaleup
- Evidence of working as part of a lean finance function, either with a small team or having used an outsourced finance function in the past.
What we would like to see:
- Experience with a food or beverage / consumer goods challenger brand
- Experience across a Seed to Series A business or Series A to Series B business
- Extremely commercially minded
- Confident communicator
- Strong analytical and data skills
Required start date: Oct 2024
Contract Length: 9 Months (may extent to 10)
Salary: £400-500 per day (Outside IR35)
Requirement: 2-3 days per week
WFH: Hybrid working offered
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At Harmonic, we are dedicated to fostering an inclusive and equitable workplace. We actively welcome applications from individuals of all backgrounds and assure you that every candidate will be thoughtfully considered for the roles we represent, without regard to race, religion, gender expression, disability, or sexual orientation.
At Harmonic, we are dedicated to fostering an inclusive and equitable workplace. We actively welcome applications from individuals of all backgrounds and assure you that every candidate will be thoughtfully considered for the roles we represent, without regard to race, religion, gender expression, disability, or sexual orientation.