About Us
Artlogic is a category leading technology platform for the art world. Founded in 1989 Artlogic empowers 5,000+ galleries, dealers and art professionals worldwide to streamline their operations, saving time and money. At the end of 2021, Artlogic was acquired by tech investors Cove Hill Partners with a view to accelerate innovation and development of their core products; The platform's integrated approach combines inventory, accounting, CRM, website, sales, marketing and payment solutions, providing everything needed to run an efficient and successful art business. Since Cove Hill's investment, the company has doubled in employee size with offices in London and New York and 110 employees across the globe.
The Chief Financial Officer (CFO) will be a key hire for the company, a critical member of our executive team and an important partner to our CEO. You will own and drive our financial strategy supporting the leadership team as a commercial and strategic partner; enabling the team to achieve and outperform company goals. The Chief Financial Officer will be responsible for all of the accounting operations of the company, as well as managing the Business Intelligence and Revenue Operations functions.. This includes the production of monthly, quarterly and annual financial reports, maintenance of an efficient and comprehensive system of accounting records, cash management and a comprehensive set of controls and budgets designed to help the business scale as well as mitigate financial risk.
This role will lead the annual budget planning process, in collaboration with the CEO and senior executive leaders, and the monthly rolling forecasting. From time to time, the company expects to acquire additional businesses, and the Chief Financial Officer will own the integration of these accounting systems and teams into the Artlogic consolidated operations. Alongside the core finance team (4 heads), there is also a business intelligence manager and a Revenue Operations team (2 heads) under the remit of the CFO.
The CFO is responsible for leading, scaling and developing a best in class finance team capable of supporting a £20-40m+ ARR business. The KPIs of this role are timely, accurate financial reports, commercial / strategic support enabling achievement of financial targets as well as efficient accounting operations. We are looking for an individual who is keen to use technology to automate processes, improve insights and scale the company efficiently (our current techstack includes Netsuite, Chargebee, Payhawk, PowerBI). This is also a hands-on role for someone who still enjoys being in the centre of delivering projects. We are looking for someone who brings commercial insight into day-to-day decision making and who can steer the company to accelerate value creation. We are looking for a modern CFO who brings their expertise and skills to bear on the wider organisation, as well as managing an effective finance function.
Responsibilities
Financial planning
- Assess company financial opportunities as well as risks and work to develop and execute strategies to take advantage of opportunities or mitigate against threats.
- Drive annual, and monthly, business and financial planning process providing framework for wider team and investors to make decisions and agree on a business and financial plan
- Work with business leads to plan each function and ensure planning collaboration and coordination across the team.
- Report on company and departmental performance, derive and communicate insights and help course correct as needed.
- Report to management team and the board of directors on performance of business including key financial and business operations metrics.
Treasury and Cash Management
- Forecast profitability and cash balances and derive strategies to ensure healthy cash balances.
- Plan and execute cash management strategies, working closely with investors on building durability on our balance sheet.
- Secure credit facilities as needed for the company. Build, manage and optimise banking relationships and services.
Department Management
- Hire, lead, manage and develop a highly functional accounting team
- Continually analyse, evolve and improve our financial operations and accounting
- Monitor partner work streams (including Chargebee, Stripe, Netsuite) to ensure we’re working effectively
- Collaborate with all department heads
- Create, maintain and enforce a documented system of accounting policies and procedures
- Evolve the organisational structure and operations of the department to meet the needs of the growing business
Accounting Operations
- Establish, oversee and refine all revenue side accounting. Given we are a subscription billing company you will define an efficient billing and collections process.
- Develop, implement and optimise all cost-side accounting including cost reporting, payroll, AP
- Design, execute and enhance the chart of accounts evolving as the business needs evolve
- Create, administer, and evolve an orderly accounting filing system
- Structure, supervise, and improve a system of controls over accounting transactions
- Build appropriate financial controls to ensure GAAP compliance
- Lead and execute annual audit process
- Guide and implement US tax return process
- Supervise and accelerate all sales tax compliance activity
Reporting & Budget Management
- Work in partnership with internal or external FP&A resource to deliver a timely, accurate and complete set of monthly, quarterly and annual financials (including cash balances)
- Point of contact for investors / PE
- Provide for a system of management financial reports
- Provide accounting and financial assistance to business teams as we grow and evolve as a company
Compliance & Risk management
- Ensure compliance with all local, national and international laws and regulations
- Work across UK and US subsidiaries to ensure the company meets necessary standards of finance, tax, and accounting law and governance
- Coordinate the provision of information to external auditors and tax return preparers for annual audit and tax returns, including for the annual R&D tax claims
About you
- 3+ years previous Controllership role with strong management track record
- 2 years experience running FP&A
- Previous experience with SAAS business including subscription billing revenue operations as well as revenue recognition accounting
- Superior strategic thinking and analytical capabilities, serving as strategic advisor to the CEO and executive team as well as investors
- Strong personnel management skills including hiring and leading a team of employees (as well as external contractors)
- Experience merging acquired companies’ accounting operations and personnel
- Strong business partner and track record of collaborating with functional leads in the planning and execution of their functional areas
- An interest in the art world and creative sectors is certainly a plus
- Truth-seeker and orientation towards personal and professional growth
- Driven by a culture of excellence in service and operational efficiency
- Desire to roll-up sleeves and help where needed
- Prior exposure to M&A, including due diligence and financial integration, is preferred
- General ability to inspire confidence, provide consistency and create trust
What we offer
- Company profit sharing scheme
- 25 days annual leave (plus 10 public holiday days)
- Long service entitlement
- Flexible working
- Premier private health insurance including dental, optical & EAP
- Childcare nursery benefit scheme
- Cycle to work scheme
- Tech buying scheme
- Free eye test
- Company pension scheme
- A focus on continued professional development including access to courses and training programs
Artlogic is an equal opportunities employer
We are committed to valuing diversity and seek to provide all staff with the opportunity for employment, career and personal development on the basis of ability, qualifications and suitability for the work as well as their potential to be developed into the job.
Please note that this position requires you to be onsite in London for a minimum of 2 days per week. Additionally, Artlogic is not currently able to sponsor visas or process visa extensions.
