One of Europe's leading early stage Investors are looking to add a CFO to their team.
Someone who can level up on their current approach to fund finance fundamentals.
What specific outcomes are they looking for you to achieve?
- Establish strategy/systems/structures that can handle the complexity and pressure of £500M+ in AUM.
- Improve the strategic planning on deployment, reserve and returns management. Including funding and liquidity options as well as management of third-party providers in the process.
- Ensure the table stakes for finance, operations, and compliance are consistently met and managed whilst delivering change, whilst requiring minimal guidance from investment partners.
- Embody the funds culture and provide strong firm-wide leadership.
A bit about you.
- You’re an experienced fund management professional who has either worked in a small, early-stage VC firm or established PE firm with several funds under management as a CFO or Finance Director. Giving you deep visibility into all aspects of a full fund lifecycle.
- You enjoy an ambiguous, at times fast-moving work environment, but are equally content operating in a steadier state managing long-term projects and ongoing work.
- You’re able to work as a respected peer and challenger to Partners, and with gravitas when collaborating with investors, LPs and the wider VC ecosystem.
- You conduct yourself with ethics, integrity, maturity, and kindness. Being honest, transparent, and conscientious is just who you are.
- You probably have high expectations of yourself and are keen and able to take responsibility for your personal and professional development.
What will your responsibilities include?
Team
- Own and lead the overall Finance and Operations function and strategy for the fund with precision.
- Manage relationships with external advisors and providers. Including working with legal counsel during investment negotiations, alongside closed investments post term sheet, supported by the lead Partner.
- Manage and develop a high-performing Finance and Operations team.
- Embrace technology and automation to optimise the financial and operational processes and procedures to keep the business lean.
- Evaluate and upgrade external and internal systems and providers.
- Make access to and analysis of financial data easy and self-serve for the Investment team.
LPs
- Oversee the preparation of capital calls, distributions, carry waterfalls, quarterly updates, advisory committees, and annual statutory reporting for Funds and GP Companies.
- Maintain and continue to improve LP portal and systems.
- Support the GPs with LP communications, responding to ad hoc LP requests and presenting data and information to them as needed.
- Support the GPs with fundraising, preparing required data and materials, answering DD requests and joining DD meetings when required.
- Support the GPs team with the execution of and financial information required for the successful delivery of the quarterly reporting, AGM and LPAC.
- Support the Head of Network with the delivery of our ESG roadmap and ESG related matters as needed.
- Support the external lawyers with the fundraising process and any LP requests as required.
Management Company
- Oversee the financial matters of the management company, including reporting, budgeting, and forecasting.
- Report management company performance to the senior management team.
- Manage the annual budgeting process for the management company.
- Ensure compliance with all regulations and tax requirements, collaborating with external advisors as necessary.
Investment Process
- Own the process of investing in new companies and follow on investments into existing portfolio companies. Collaborate with external counsel partners and lead GP partners to facilitate process in a timely and efficient manner.
- Manage capital deployment, reserve and returns management. Including funding and liquidity options for portfolio companies as well as management of third-party providers in the process.
Fund
- Oversee the portfolio monitoring and valuation processes, adhering to IPEV guidelines.
- Negotiate, manage, and monitor subscription lines, NAV lines, and potential GP loan facilities for the fund commitments.
- Supervise the audit and internal fund accounting and oversee the relationship with external administrators.
- Provide required updates on the Funds during the LP Supervisory Board meetings, AGMs and internal quarterly offsites.
- Ensure compliance with all regulations and tax requirements, collaborating with advisors as necessary.
